Posted: 06/25/2025 03:50 am
In 2024, Greg Brown, the former President and CEO, was awarded a total compensation of $5,151,396. Notably, the largest portion of this package came from stock awards, totaling an impressive $4,548,838, while his salary accounted for $583,750. Other components of his compensation included a modest all-other-compensation figure of $18,808, with no bonuses or incentive plan compensation reported^1.
This marks a departure from 2022, where Brown's total compensation was significantly higher at $8,877,633. Once again, stock awards dominated his remuneration, amounting to $8,093,331, with a smaller base salary of $533,333. The year also saw him receive $250,469 in incentive plan compensation^1. The seemingly dramatic decrease in total compensation from 2022 to 2024 can be primarily attributed to the reduction in stock awards and lack of bonuses and incentives, reflecting strategic adjustments as Udemy navigated through its corporate objectives and challenges.
Meanwhile, earlier in 2021, Velayudhan Venugopal, as the Chief Technology Officer, received a total package of $5,327,860, driven largely by stock awards of $4,765,495. This reinforces a pattern within Udemy of leveraging equity as a significant aspect of executive compensation, highlighting a reliance on long-term incentives to align executive interests with those of shareholders^1.
These compensation strategies unfold amidst notable developments at Udemy. The company recently launched its "Innovation Studio," a strategic move intended to propel its transition into an AI-first platform^3, and has integrated Lummi's AI-powered design tools, enhancing its content creation capabilities^4. Furthermore, Udemy has expanded its leadership team to support its AI-driven transformation^2. However, it hasn't been all smooth sailing; Udemy's stock experienced nearly a 12% decline in price in April 2025, signaling investor uncertainty or broader market volatility^5.
Currently, Udemy's stock is valued at $7.06, with a market cap of approximately $1.05 billion^6. As the company navigates financial outcomes and market receptiveness, the trajectory of executive compensation will likely continue to be closely tied to its performance and strategic execution in the AI-powered education space.
1. [SEC Executive Compensation Data for Udemy, Inc.](https://www.sec.gov/Archives/edgar/data/1607939/000160793925000046/0001607939-25-000046-index.htm)
2. [Udemy Expands Leadership Team With Three Key Appointments to Accelerate AI-Powered Transformation](https://www.businesswire.com/news/home/20250623049325/en/Udemy-Expands-Leadership-Team-With-Three-Key-Appointments-to-Accelerate-AI-Powered-Transformation/)
3. [Udemy Launches Innovation Studio to Redefine the Future of Skilling & Learning](https://www.businesswire.com/news/home/20250507018382/en/Udemy-Launches-Innovation-Studio-to-Redefine-the-Future-of-Skilling-Learning/)
4. [Udemy Expands Industry-Leading Creative Capabilities with Addition of Lummi's AI-Powered Design Tools](https://www.businesswire.com/news/home/20250618180355/en/Udemy-Expands-Industry-Leading-Creative-Capabilities-with-Addition-of-Lummi%E2%80%99s-AI-Powered-Design-Tools/)
5. [Why Udemy Stock Crumbled by Almost 12% in April](https://www.fool.com/investing/2025/05/05/why-udemy-stock-crumbled-by-almost-12-in-april/)
6. Current Stock Snapshot for Udemy, Inc.
