Egon Durban
Unity SoftwareAbout Egon Durban
Egon Durban is Co-Chief Executive Officer and Managing Partner of Silver Lake, which he joined in 1999, and has served on Unity’s Board since 2017; he is 51 and holds a B.S.B.A. in Finance from Georgetown University . He brings extensive technology investment and public/private board experience (Dell Technologies, TKO Group), alongside prior directorships at VMware, Motorola Solutions, Twitter, SecureWorks, Pivotal, and Qualtrics (continues post‑take‑private) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Silver Lake | Founding Principal; later Co‑CEO & Managing Partner | Joined 1999; Co‑CEO since Dec 2019 | Global technology investment leadership; portfolio governance |
| Motorola Solutions | Director | 2015–2024 | Not disclosed |
| VMware | Director | 2016–2023 | Not disclosed |
| Director | 2020–2022 | Not disclosed | |
| SecureWorks | Director | 2015–2020 | Not disclosed |
| Pivotal Software | Director | 2016–2019 | Not disclosed |
| Qualtrics | Director | Since 2021; remains post 2023 take‑private | Not disclosed |
External Roles
| Organization | Role | Current Status | Tenure |
|---|---|---|---|
| Dell Technologies Inc. | Director | Public company | Not disclosed |
| TKO Group Holdings, Inc. | Director | Public company | Not disclosed |
| Endeavor Group Holdings, Inc. | Director | Private as of 2025; remains director | Since 2012 |
| Qualtrics International Inc. | Director | Private as of 2023; remains director | Since 2021 |
| Various private companies | Director | Private | Not disclosed |
Board Governance
- Independence: Unity’s Board affirmatively determined specific directors as independent; Mr. Durban is not listed among them (i.e., not designated independent) .
- Committees: Does not serve on Audit, Human Capital & Compensation, or Nominating & Corporate Governance committees .
- Attendance: The Board met 5 times in 2024; each director attended at least 75% of Board and applicable committee meetings .
- Tenure and Class: Director since 2017; nominated as a Class II director for election to a term through 2028 .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Fees Paid in Cash ($) | $0 | No cash election in 2024 |
| Stock Awards ($) | $284,989 | Annual RSU grant value at 2024 meeting |
| Total ($) | $284,989 | Sum of cash + stock |
| Outstanding RSUs (#) | 16,165 | As of Dec 31, 2024 |
Policy references (non‑employee directors):
- Annual RSU grant target: $285,000, vests on earlier of one year or next annual meeting; cash election permitted up to $100,000 .
- Committee retainers (converted to RSUs unless cash elected): Chair $25,000; Member $10,000; Lead Independent Director $25,000; Board Chair $60,000 .
- Change-in-control and death acceleration provisions apply to director RSUs/cash elections under the policy .
Performance Compensation
- No performance‑based equity (e.g., PSUs) or bonus metrics are disclosed for non‑employee directors; director RSUs vest time‑based per policy, with change‑in‑control and death accelerations as noted .
Other Directorships & Interlocks
| Item | Detail |
|---|---|
| Silver Lake stake | Silver Lake affiliates beneficially own ~34,735,404 shares (8.4%) of Unity common stock . |
| PIPE convertible notes | $1.0B aggregate principal amount of 2.0% convertible notes due 2027 issued to Silver Lake and Sequoia; Unity paid $20,000,000 in interest in 2024 . |
| Investor Rights Agreement | Amended and restated IRA provides registration rights to holders including Silver Lake . |
| Silver Lake personnel on Unity Board | James M. Whitehurst is a Managing Director at Silver Lake and serves as Unity’s Executive Chair; Mr. Durban is Silver Lake’s Co‑CEO . |
| Share sale proceeds | Mr. Durban is required to remit proceeds of any sales of Unity shares from director grants to Silver Lake . |
Expertise & Qualifications
- Technology investment and governance expertise across enterprise software, security, media, and communications; extensive public/private board experience (Dell, TKO, VMware, Motorola Solutions, Twitter, SecureWorks, Pivotal, Qualtrics, Endeavor) .
- Formal finance training (Georgetown B.S.B.A.) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Total beneficial ownership (shares) | 171,324 | |
| Ownership % of outstanding | <1% (asterisked in table) | |
| Direct holdings | 139,874 shares | |
| Trust holdings | 4,818 shares (family trust; shared beneficial ownership may apply) | |
| Held for benefit of Silver Lake | 26,632 shares | |
| Outstanding RSUs (director) | 16,165 | |
| Options | None outstanding | |
| Hedging/pledging | Company policy prohibits hedging and pledging of Unity stock by directors . |
Governance Assessment
- Alignment and conflicts: Mr. Durban is not designated independent and is Co‑CEO of Silver Lake, a major Unity shareholder with a $1B 2027 convertible and registration rights; he must remit sale proceeds from director shares to Silver Lake—indicating strong affiliation and potential related‑party sensitivities .
- Board structure and safeguards: He holds no committee seats (Audit/HCCC/NCG remain independent‑only), which reduces direct influence over financial reporting and compensation, and the Lead Independent Director presides over executive sessions, supporting independent oversight .
- Attendance/engagement: Board met five times in 2024 with ≥75% attendance per director; twelve of thirteen attended the 2024 annual meeting, indicating general engagement (individual attendance percentages not disclosed) .
- RED FLAGS: Concentration of Silver Lake influence (Durban and Whitehurst on Unity’s Board; Silver Lake 8.4% stake; PIPE/IRA rights) heightens perceived conflicts and investor scrutiny; however, Unity discloses and oversees related‑party transactions via its Audit Committee .
Implications: Investors should monitor decisions affecting capital structure, strategic transactions, and executive pay for potential influence by significant shareholders and their representatives; the lack of committee membership limits direct policy-setting roles but does not eliminate board‑level influence .