REMITLY GLOBAL INC (RELY)
Sector: Financials
2026 Annual Meeting Analysis
REMITLY GLOBAL INC · Meeting: June 10, 2026
Directors FOR
3
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Director Elections
Election of Three Class II Directors for a Three-Year Term
Ms. Chung has served since November 2020 (over 5 years); RELY's 3-year return of +17.9% is only +17.0pp above the peer group median of +0.9%, well below the 35pp threshold required to trigger a vote against, so no TSR concern applies, and no overboarding, attendance, or independence issues are present.
Mr. Le Moal has served since October 2017; RELY's 3-year relative outperformance of +17.0pp versus the peer median does not trigger the 35pp threshold, and no overboarding, attendance, or independence issues are identified.
Mr. Morris has served since July 2021; RELY's 3-year TSR of +17.9% outperforms the peer group median by +17.0pp, which is well below the 35pp trigger threshold, and no overboarding, attendance, or independence flags are present.
All three Class II director nominees — Bora Chung, Laurent Le Moal, and Nigel Morris — receive a FOR vote. Using the company-disclosed compensation peer group as the primary TSR benchmark, RELY's 3-year price return of +17.9% outperforms the peer median of +0.9% by +17.0pp, which falls short of the 35pp underperformance threshold required to trigger an against vote for directors in the low-positive absolute TSR band. No overboarding, attendance failures, or independence concerns are identified for any nominee.
Say on Pay
✓ FORCEO
Matthew Oppenheimer
Total Comp
$296,100
Prior Support
98%%
CEO Matthew Oppenheimer's total reported compensation of $296,100 — consisting almost entirely of base salary with no equity grant in 2025 (he voluntarily declined one) — is extremely modest for a technology-sector CEO at a $4.4B company and is well within any reasonable benchmark. The broader NEO pay program is heavily equity-weighted with multi-year vesting, aligning executive and shareholder interests, and there are no cash bonuses or problematic pay practices. The prior Say on Pay vote received approximately 98% shareholder support, signaling strong investor endorsement of the program, and the company maintains a compliant clawback policy consistent with Dodd-Frank requirements.
Auditor Ratification
✓ FORAuditor
PricewaterhouseCoopers LLP
Tenure
N/A
Audit Fees
$4,391,000
Non-Audit Fees
$187,000
Non-audit fees (audit-related fees of $51K + tax fees of $4K + all other fees of $132K = $187K) represent approximately 4.3% of audit fees ($4,391K), well below the 50% threshold that would raise independence concerns; PwC is a Big 4 firm appropriate for a $4.4B market-cap company; auditor tenure is not disclosed in the proxy so the tenure trigger cannot be applied, and no material restatements are noted.
Overall Assessment
The 2026 Remitly annual meeting presents three standard proposals: director elections for three Class II nominees, ratification of PwC as auditor, and an advisory Say on Pay vote. All three proposals receive a FOR vote — the director nominees benefit from RELY's peer-relative TSR outperformance over three years, auditor fees are well within independence norms, and the CEO compensation program is notably modest with strong prior shareholder support.
Compensation Peer Group
20 companies disclosed in 2026 proxy filing