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STOCK, OPTION AWARDS BOOST AVALARA COMP Featured

Some healthy stock and option awards sharply boosted the compensation of named executives at Avalara in 2019. The proxy filed this week with the SEC showed that compensation for CEO Scott McFarlane by nearly four times the amount for 2018.

McFarlane received nearly $11 million last year up from $2.3 million the prior year. The biggest part of the increase stemmed from $6.7 million in option awards, more than six times the amount for 2018. Stock awards to the CEO for the year ended December 31  of $2.8 million, compared none to that category the year before.

Former CFO Bill Ingram, who retired last month, was given $3.9 million in compensation for 2019, up sharply from $927,358 for 2018.  That included $3.2 million in option awards.

President Amit Mathadras, who joined in March 2019, received $7.3 million with a $300,000 signing bonus. The company gave him stock awards of $4.3 million and awards of $1.8 million.

General counsel Alesia Pinney made $1.8 million, twice her 2018 compensation of $911,617 with $911,617 in this year’s income stemming from stock awards. Former chief revenue office Pascal Van Dooren, who left on October 18, had compensation of $1.8 million, which included $1.1 million in stock awards.

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