Peter M. Westley serves as Independent Director of the Company. Mr. Westley is a partner at Blum Capital Partners, L.P., a leading investment firm that is one of our largest stockholders. Mr. Westley has been a partner at Blum Capital Partners since 2012 and has nearly 30 years of experience in financial services working with media and technology companies. He sits on the board and the audit committee of Payless Holdings, LLC and is an alternate member of the board of Xtralis Group Holdings Limited, in both of which Blum Capital Partners has a significant investment stake. His prior experience includes serving as a managing director in the Technology and Media Groups at Salomon Smith Barney, partner and head of the media and internet investment banking at ThinkEquity Partners, LLC, and managing director and head of media and internet banking at North Point Advisors. Our board benefits from Mr. Westley's 30 years of experience in financial services working with media and technology companies and he brings financial expertise, industry knowledge and leadership experience that the board believes will add new perspective to the board and amplify the company's capability to provide greater value to stockholders. We also benefit from the stockholder perspective he lends as a partner of Blum Capital Partners, L.P. His experience and background qualify him as an audit committee financial expert and he currently serves as the chair of our audit committee.
As the Independent Director of Avid Technology, the total compensation of Peter Westley at Avid Technology is $245,613. There are 9 executives at Avid Technology getting paid more, with Kenneth Gayron having the highest compensation of $1,781,550.
Peter Westley is 56, he's been the Independent Director of Avid Technology since 2016. There are 5 older and 13 younger executives at Avid Technology. The oldest executive at Avid Technology, Inc. is Elizabeth Daley, 77, who is the Independent Director.
Peter's mailing address filed with the SEC is Network Drive, Burlington, Middlesex County, Massachusetts, 01805, United States.
Over the last 22 years, insiders at Avid Technology have traded over $29,534,507 worth of Avid Technology stock and bought 10,440,076 units worth $187,376,621 . The most active insiders traders include Capital Partners Lprichard ..., Capital Partners Lprichard ... a Capital Partners Lprichard .... On average, Avid Technology executives and independent directors trade stock every 26 days with the average trade being worth of $1,620,859. The most recent stock trade was executed by Kenneth L Gayron on 15 March 2023, trading 39,604 units of AVID stock currently worth $1,135,447.
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Avid Technology executives and other stock owners filed with the SEC include: