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Mark J. Barrenechea received $9.6M in total compensation as Vice Chairman, President and Chief Executive Officer of OPEN TEXT CORP in FY2025. The largest component was $3.7M in stock awards. Source: SEC DEF 14A.
In fiscal year 2025, Mark J. Barrenechea, Vice Chairman, President and Chief Executive Officer of OPEN TEXT CORP (OTEX), received total compensation of $9.6 million.
Mark J. Barrenechea's compensation breakdown includes: base salary of $670K, bonus of $1.0 million, stock awards valued at $3.7 million, option awards of $1.9 million, non-equity incentive compensation of $1.7 million, and other compensation of $35K.
OPEN TEXT CORP's top 9 named executive officers received combined total compensation of $52.6 million in fiscal year 2025.
The named executive officers disclosed in OPEN TEXT CORP's 2025 proxy statement are:Mark J. Barrenechea (Vice Chairman, President and Chief Executive Officer) with total compensation of $9.6 million, Steven L. Althoff () with total compensation of $8.8 million, Madhu Ranganathan () with total compensation of $5.3 million, Genevieve Verbeke () with total compensation of $5.1 million, Shawn D. MacIntyre () with total compensation of $4.9 million, Patrice E. Lamoureux () with total compensation of $4.9 million, Tracey R. Shorthill () with total compensation of $4.9 million, Michael R. Daniels () with total compensation of $4.8 million, and Nita Bharol () with total compensation of $4.2 million.
Vice Chairman, President and Chief Executive Officer
58% equity · 35% cash · 7% other
Based on DEF 14A filed 2025-08-07 · FY2025
Team view
9 executives
Vice Chairman, President and Chief Executive Officer
Total PayFY2025
$9.6M
Total PayFY2025
$8.8M
Total PayFY2025
$5.3M
Total PayFY2025
$5.1M
Total PayFY2025
$4.9M
Total PayFY2025
$4.9M
Total PayFY2025
$4.9M
Total PayFY2025
$4.8M
Total PayFY2025
$4.2M
FY2025 total compensation breakdown
$9.6M total compensation
Mark J. Barrenechea earned $9.6M in FY2025 — here's how that breaks down.
$3.7M
38% of total
$1.9M
19% of total
$1.7M
17% of total
$1.0M
10% of total
$700.0K
7% of total
$670.0K
7% of total
$35.0K
0% of total
Activity timeline · FY2025
Recent events from filings
Oct 6, 2025
George Schindler — Director Compensation | Appointment to the Board of Directors.; Participation in the Director's Deferred Share Unit Plan (DSU Plan) allowing deferral of retainer/fees into common shares.; Compensation for Board service consistent with standard practices for non-employee directors.; Determined to be independent under applicable rules and regulations.
Oct 6, 2025
Steve Rai — Employment Agreement
Oct 6, 2025
George Schindler DSU – Director’s Deferred Share Unit Plan
Aug 22, 2025
Cosmin Balota Stock Option – Company’s stock option plan (20,000 threshold)
Aug 15, 2025
James McGourlay — Retention Agreement | Additional premium of C$25,695 per pay period, during the interim CEO role.; Effective fiscal year 2026, eligible for a targeted annual variable compensation of 100% of his annual base salary earned, inclusive of the additional premium.; Eligible for a target value grant of US$281,250 in the form of restricted and performance share units.
Aug 15, 2025
Cosmin Balota — Compensatory Arrangement | Interim role as Chief Financial Officer.; Additional premium of C$4,688 per pay period.; Completion bonus of C$100,000 payable three months after service completion.; Grant of 20,000 stock options.; Stock options vest over four years: 25% on each of the first, second, third, and fourth anniversaries of the grant date.
Aug 15, 2025
James McGourlay PSU
Aug 7, 2025
Goldy Hyder PSU (184,770 target units, Grant FV $19,779,107)
We need at least two years of pay and stock data to show the trend.
Pay changes vs. stock performance
1 year of data
Recent insider trades by officers and directors
29 trades
For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | Mark J. Barrenechea Vice Chairman, President and Chief Executive Officer | $0.67M | $2.68M | $3.70M | $1.85M | $0.74M | $9.64M |
| 2023 | Mark J. Barrenechea Vice Chairman, President and Chief Executive Officer | $1.10M | $2.62M | $4.63M | $1.85M | $0.20M | $10.4M |
| 2022 | Mark J. Barrenechea Vice Chairman, President and Chief Executive Officer | $1.10M | $2.40M | $4.19M | $1.67M | $0.04M | $9.40M |
| 2021 | Mark J. Barrenechea Vice Chairman, President and Chief Executive Officer | $1.00M | $2.10M | $4.00M | $1.60M | $0.02M | $8.72M |
| 2020 | Mark J. Barrenechea Vice Chairman, President and Chief Executive Officer | $1.00M | $2.00M | $3.60M | $1.44M | $0.03M | $8.07M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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