CrowdStrike management check
CRWD · Information Technology · Systems Software · CEO George Kurtz
Filings as of
3 good · 1 to watch · 3 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $205, against $256 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.80 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
Paid in a loss-making year$247.6m of reported pay in fiscal 2026, a year the company lost $161.2m.
- Watch
Do they own the stock?
CEO stake ≈ 6.9 years of payThe CEO holds 7,439,864 shares, directly or through trusts (unvested awards not counted): about 6.9 years of pay. 10 insiders sold $678.2m in the last six months and none bought. 1905 of 1963 sales ran on pre-arranged 10b5-1 plans.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +1.4% a year over the last three fiscal years. Stock-based pay was 22.8% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: George Kurtz. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 25 | 33 | |
| Pay for performance | 90 | 87 | |
| CEO cost | 0 | 35 | |
| Skin in the game | 57 | 47 | |
| Dilution | 20 | 56 | |
| Stable leadership | 100 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Systems Software, by management score. CrowdStrike is 51st of 73 in its sector.
- 63FTNTFortinet79
- 212MSFTMicrosoft68
- 346GENGen Digital58
- 351PANWPalo Alto Networks58
- 378CRWDCrowdStrike56
- 459NOWServiceNow43
- 485TWLOTwilio30
Pay versus performance
From the proxy statement filed May 5, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | George Kurtz | $247.6m | $330.3m | $17.2m | $205 | $256 | −$161.2m |
| 2025 | — | $35.2m | $148.5m | $13.4m | $184 | $204 | −$12.6m |
| 2024 | — | $47.0m | $343.7m | $23.1m | $136 | $160 | $73.4m |
| 2023 | — | $36.5m | −$111.7m | $17.8m | $49 | $107 | −$182.3m |
| 2022 | — | $147.7m | $34.9m | $15.0m | $84 | $126 | −$232.4m |
The board says pay is tied most to Non-GAAPOperatingIncome. Its other key measures: Non-GAAP Operating Income, Net New Annual Recurring Revenue (ARR), Net Retention Rate, Revenue Growth Percent, Non-GAAP EPS.
Insiders and the CEO's stake
George Kurtz (PRESIDENT AND CEO) held 7,439,864 shares directly after their latest Form 4 on Oct 20, 2026, roughly $1.7bn at that filing's price.
10 insiders sold $678.2m in the last six months and none bought. 1905 of 1963 sales ran on pre-arranged 10b5-1 plans.
- SoldGeorge KurtzPRESIDENT AND CEO · 10b5-1 plan$281.2mOct 20, 2026
- SoldBurt W. PodbereCHIEF FINANCIAL OFFICER$141.7mSep 24, 2026
- SoldMichael SentonasPRESIDENT$113.5mSep 30, 2026
- SoldSameer K GandhiDirector · 10b5-1 plan$58.3mOct 1, 2026
Leadership and governance on file
- Apr 21, 2026Leadership change8-K 5.02
- Dec 29, 2025Leadership change8-K 5.02
- Apr 25, 2025Leadership change8-K 5.02
- Apr 18, 2025Leadership change8-K 5.02
- Feb 20, 2025Leadership change8-K 5.02
- Mar 3, 2023Leadership change8-K 5.02
- Jan 23, 2023Leadership change8-K 5.02
- Apr 8, 2022Leadership change8-K 5.02
- Jan 14, 2022Leadership change8-K 5.02
- Dec 30, 2021Leadership change8-K 5.02
Latest shareholder vote results: Jun 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $0 returned to owners in buybacks and dividends, and $3.4bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.5bn | $2.2bn | $3.1bn | $4.0bn | $4.8bn |
| Net income | −$232.4m | −$182.3m | $73.4m | −$12.6m | −$161.2m |
| Stock-based pay | $310.0m | $526.5m | $648.7m | $861.4m | $1.1bn |
| Buybacks | — | — | — | — | — |
| Dividends | — | — | — | — | — |
| Diluted shares | 227m | 233m | 244m | 245m | 251m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.