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  "documentTitle": "Remitly Global, Inc. (RELY)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-03-11 00:00:00",
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  "notes": "The slide uses a peer benchmark table to highlight a negative outlier in compensation.",
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      "kind": "callout",
      "text": "Are Remitly's executives leaving because of its off-market pay or for more concerning reasons? Spruce Point finds that Remitly's median employee pay is -75% below the industry peer average.",
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      "text": "Spruce Point finds that Remitly’s median employee pay is -75% below the industry peer average.",
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      "text": "Median Pay: $16,882",
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      "text": "Source: Company Proxy Statements under CEO Pay Ratio Disclosure.",
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      "text": "Employee Pay Benchmark Analysis table comparing Remitly to peers across total employees, location split, and median pay.",
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      "text": "Remitly's Median Pay Is Wildly Off-Market",
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