Jack Henry & Associates, Inc

Focusing on the compensation details, David B. Foss, the Chief Executive Officer of JKHY, received a total compensation of $10,963,138 in 2024. This figure includes a base salary of $865,000, alongside a substantial stock award of $8,728,670. It's notable that the stock award constituted the largest component of his overall compensation package, reflecting a common industry practice of aligning executives' interests with those of shareholders by providing equity-based incentives. These compensation strategies are designed to drive long-term company performance and stability.[1]


Comparatively, in 2023, Stacey E. Zengel, Senior Vice President and President of Jack Henry Bank Solutions, received a total compensation of $923,266. His package comprised a base salary of $380,187 and a stock award of $394,028. This level of compensation underscores JKHY's strategy of rewarding key leaders responsible for critical business segments, albeit at a scale consistent with their roles and responsibilities within the company structure.[2]

Revisiting historical compensation data from 2020, David B. Foss earned a slightly higher total package of $11,015,251, while Craig K. Morgan, General Counsel and Secretary, received total compensation of $2,043,290. These figures again highlight the emphasis on stock and equity awards, which formed a significant portion of the compensation for both executives. This trend suggests JKHY’s sustained commitment to incentivizing its executives through stock awards amidst fluctuating market conditions.[3][4]

Concurrently, JKHY's stock performance indicates stability, with a price-to-earnings (P/E) ratio of 32.87 and an earnings per share (EPS) of 5.47. The consistency in the company's stock valuation aligns with its compensation philosophy, emphasizing the long-term retention and motivation of its executive team. Therefore, while executive remunerations are considerable, they are strategically structured to foster sustainable corporate growth aligned with investor expectations.[5]

In conclusion, as Jack Henry & Associates continues to navigate the complexities of the digital and integrated systems market, its executive compensation framework reflects an alignment with industry norms and shareholder interests. By maintaining a strategic balance between base salary and equity incentives, JKHY ensures its leadership remains focused on delivering sustained financial performance, thereby reinforcing its market position.

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1. SEC filing for David B. Foss, 2024. https://www.sec.gov/Archives/edgar/data/779152/000077915224000102/0000779152-24-000102-index.htm
2. SEC filing for Stacey E. Zengel, 2023. https://www.sec.gov/Archives/edgar/data/779152/000077915223000087/0000779152-23-000087-index.htm
3. SEC filing for David B. Foss, 2020. https://www.sec.gov/Archives/edgar/data/779152/000077915222000087/0000779152-22-000087-index.htm
4. SEC filing for Craig K. Morgan, 2020. https://www.sec.gov/Archives/edgar/data/779152/000077915221000078/0000779152-21-000078-index.htm
5. Market Performance Data.