Posted: 06/06/2025 03:14 am
Synchronoss Technologies, Inc. (NASDAQ: SNCR), a recognized leader in personal cloud platforms, has been making headlines with its latest technological advancements and strategic positioning within the stock market. However, beyond its technological and market performance, an examination of the executive compensation at Synchronoss reveals intriguing details about the company's allocation of financial incentives to its leadership.
The role of Louis Ferraro, the Chief Financial Officer, is pivotal as highlighted by his participation in upcoming investor conferences alongside CEO Jeff Miller. Ferraro's total compensation for 2024 was recorded at over $1.6 million, which includes a base salary of $390,000, a bonus of $35,000, stock awards amounting to $960,000, and additional incentive compensations, indicating a strong emphasis on performance-based rewards. This form of strategic financial structuring is indicative of Synchronoss's commitment to aligning leadership objectives with shareholder interests.^1
In contrast, analyzing previous compensation structures for roles within the company provides a broader perspective. For instance, Christina Gabrys, who served as Chief Legal Officer in 2022, had a total compensation package of $700,610. Her package significantly leaned on stock awards and incentive plans, underscoring the company's tendency to leverage equity-based incentives to retain key legal talent essential in navigating the complex technology landscape.^2
The presidency of Glenn Lurie as CEO in 2017 saw an especially noteworthy package of over $10.9 million dominated by substantial stock and option awards, setting a historical benchmark for the company's investment in its executive leadership. This period marked a time of potential expansion and strategic pivoting for the company, necessitating such a high level of executive incentivization.^3
Looking back to 2020, both Patrick Doran, Chief Technology Officer, and Ronald Prague, the then Chief Legal Officer, were compensated competitively, with total packages over $1 million. Doran's compensation was bolstered by substantial stock awards, indicative of the importance placed on technological leadership during a time when digital innovation was critical to the company's strategy.^4^5
Synchronoss continues to be a prominent player in the tech industry, as evidenced by its inclusion in the Russell 2000 Index and its innovative AI-powered upgrades to its personal cloud platform. With a current stock price of $6.91 as of June 3, 2025, and its ongoing technological enhancements, the company remains under the scrutiny of market analysts and investors.^6^7
In summary, the depiction of executive compensation within Synchronoss embodies its strategic approach to leadership incentivization, ensuring alignment between corporate goals and executive performance. As the company forges ahead with innovations and market strategy, the reward structure remains an essential element of its corporate governance.
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1. Louis Ferraro's 2024 Compensation Details: SEC Filing. [link](https://www.sec.gov/Archives/edgar/data/1131554/000114036125016310/0001140361-25-016310-index.htm)
2. Christina Gabrys's 2022 Compensation Details: SEC Filing. [link](https://www.sec.gov/Archives/edgar/data/1131554/000114036124022050/0001140361-24-022050-index.htm)
3. Glenn Lurie's 2017 Compensation Details: SEC Filing. [link](https://www.sec.gov/Archives/edgar/data/1131554/000110465920047532/0001104659-20-047532-index.htm)
4. Patrick Doran's 2020 Compensation Details: SEC Filing. [link](https://www.sec.gov/Archives/edgar/data/1131554/000114036123022217/0001140361-23-022217-index.htm)
5. Ronald Prague's 2020 Compensation Details: SEC Filing. [link](https://www.sec.gov/Archives/edgar/data/1131554/000110465921053143/0001104659-21-053143-index.htm)
6. Synchronoss's Recent Press Release. [link](https://www.globenewswire.com/news-release/2025/05/29/3090253/37247/en/Synchronoss-Added-to-Membership-of-US-Small-Cap-Russell-2000-Index.html)
7. Current Stock Price and Market Data: Snapshot.
