Companies Krispy Kreme, Inc.
Krispy Kreme (DNUT): executive pay, fiscal 2025
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CEO vs. named peers7th pct.Of 15 peer CEOs
CEO pay, last three years
- $11,115,289FY2023
- $2,510,455FY2024
- $3,693,795FY2025
CEO total pay was $3,693,795 in fiscal 2025, up from $2,510,455 in fiscal 2024.
FY2025: salary $1,000,000 · bonus $0 · stock awards $2,124,677 · option awards $553,000
Executives and directors
Alison Holder · Chief Brand & Product OfficerRaphael Duvivier · CFOJoshua Charlesworth · CEONicola Steele · COOTheresa Zandhuis · Chief People OfficerJeremiah Ashukian · CFOBernardo Hees · DirectorDavid Bell · Former director (through FY2025)David Deno · Independent DirectorDebbie Roberts · Former director (through FY2025)Easwaran Sundaram · Independent DirectorGerhard Pleuhs · Lead Independent DirectorGordon von Bretten · Former director (through FY2025)Marissa Andrada · Independent DirectorMelissa Werneck · Independent DirectorMichelle Weese · Former director (through FY2025)Olivier Goudet · Former director (through FY2025)Patricia Capel · Chair of the BoardPatrick Grismer · Independent DirectorPaul Michaels · Former director (through FY2025)Philip Telfer · Former director (through FY2025)
Frequently asked questions
Who was the highest-paid executive at Krispy Kreme, Inc. in fiscal 2025?
As disclosed, Joshua Charlesworth (President & Chief Executive Officer) was the highest-paid executive at Krispy Kreme, Inc. in fiscal 2025, with total compensation of $3,693,795.
How does Krispy Kreme, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Joshua Charlesworth's total compensation ranked at the 7th percentile of Krispy Kreme, Inc.'s disclosed peer group.
What is Krispy Kreme, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Krispy Kreme, Inc.'s CEO-to-median employee pay ratio was 111:1.
How did shareholders vote on Krispy Kreme, Inc.'s executive compensation?
As disclosed, 98.77% of shareholders supported Krispy Kreme, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Krispy Kreme, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Krispy Kreme, Inc. reported total board compensation of $2,128,424 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joshua Charlesworth | $1,000,000 | $0 | $2,124,677 | $553,000 | $0 | $0 | $16,118 | $3,693,795 |
| President & Chief Executive Officer | ||||||||
| Raphael Duvivier | 572,171 | 0 | 1,714,609 | 474,000 | 0 | 0 | 50,502 | 2,811,282 |
| Chief Financial Officer | ||||||||
| Nicola Steele | 382,691 | 0 | 1,604,080 | 395,000 | 23,242 | 0 | 186,991 | 2,592,004 |
| Chief Operating Officer | ||||||||
| Alison Holder | 408,173 | 0 | 1,443,077 | 316,000 | 0 | 0 | 15,467 | 2,182,717 |
| Chief Brand & Product Officer | ||||||||
| Theresa Zandhuis | 550,000 | 0 | 1,242,609 | 316,000 | 0 | 0 | 16,116 | 2,124,725 |
| Former Chief People Officer | ||||||||
| Jeremiah Ashukian | 362,500 | 0 | 748,256 | 0 | 0 | 0 | 14,333 | 1,125,089 |
| Former Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Joshua Charlesworth | $3,693,795 | $2,510,455 | $11,115,289 | ↑ +1,183,340 |
| Raphael Duvivier | 2,811,282 | 1,486,626 | 3,193,658 | ↑ +1,324,656 |
| Nicola Steele | 2,592,004 | — | — | — |
| Alison Holder | 2,182,717 | — | — | — |
| Theresa Zandhuis | 2,124,725 | 2,167,871 | — | ↓ −43,146 |
| Jeremiah Ashukian | 1,125,089 | 1,777,486 | 6,463,610 | ↓ −652,397 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The overarching objective of the executive compensation program is to attract, retain, and motivate superior executive talent essential to drive sustained growth and stockholder value creation. The program is designed to be performance-driven, competitive and equitable, focused on long-term sustainable growth, and transparent, while maintaining competitiveness and mitigating excessive risk-taking.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Joshua Charlesworth | OPTION | 2025-07-14 | — | 563,500 | 350,000 | 1,127,000 | $1,680,000 |
| Nicola Steele | OPTION | 2025-07-14 | — | 402,500 | 250,000 | 805,000 | 1,200,000 |
| Raphael Duvivier | RSU | 2025-04-10 | — | — | 69,931 | — | 300,004 |
| Theresa Zandhuis | RSU | 2025-04-10 | — | — | 69,931 | — | 300,004 |
| Joshua Charlesworth | RSU | 2025-04-10 | — | — | 116,551 | — | 500,004 |
| Theresa Zandhuis | OPTION | 2025-07-14 | — | 322,000 | 200,000 | 644,000 | 960,000 |
| Jeremiah Ashukian | RSU | 2025-04-10 | — | — | 87,413 | — | 375,002 |
| Nicola Steele | RSU | 2025-04-10 | — | — | 139,862 | — | 600,008 |
| Raphael Duvivier | OPTION | 2025-07-14 | — | 483,000 | 300,000 | 966,000 | 1,590,000 |
| Alison Holder | OPTION | 2025-07-14 | — | 322,000 | 200,000 | 644,000 | 960,000 |
| Alison Holder | RSU | 2025-10-01 | — | — | 104,439 | — | 400,001 |
| Alison Holder | RSU | 2025-04-10 | — | — | 46,621 | — | 200,004 |
| Raphael Duvivier | PSU | 2025-05-05 | — | — | — | — | 298,605 |
| Theresa Zandhuis | PSU | 2025-05-05 | — | — | — | — | 298,605 |
| Nicola Steele | PSU | 2025-05-05 | — | — | — | — | 199,072 |
| Jeremiah Ashukian | PSU | 2025-05-05 | — | — | — | — | 373,254 |
| Joshua Charlesworth | PSU | 2025-05-05 | — | — | — | — | 497,673 |
| Alison Holder | PSU | 2025-05-05 | — | — | — | — | 199,072 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Joshua Charlesworth | $500,004 | $497,673 | $1,680,000 | 18.6% |
| Nicola Steele | 600,008 | 199,072 | 1,200,000 | 10.0% |
| Raphael Duvivier | 300,004 | 298,605 | 1,590,000 | 13.6% |
| Theresa Zandhuis | 300,004 | 298,605 | 960,000 | 19.2% |
| Jeremiah Ashukian | 375,002 | 373,254 | 0 | 49.9% |
| Alison Holder | 600,005 | 199,072 | 960,000 | 11.3% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Nicola Steele | RSU | 966 | — | $4,134 |
| Alison Holder | RSU | 2,761 | — | 11,817 |
| Alison Holder | PSU | 4,112 | — | 17,599 |
| Raphael Duvivier | RSU | 4,141 | — | 17,723 |
| Raphael Duvivier | PSU | 4,935 | — | 21,122 |
| Nicola Steele | PSU | 4,935 | — | 21,122 |
| Alison Holder | RSU | 8,339 | — | 35,691 |
| Alison Holder | PSU | 8,339 | — | 35,691 |
| Theresa Zandhuis | PSU | 9,869 | — | 42,239 |
| Nicola Steele | RSU | 10,007 | — | 42,830 |
| Nicola Steele | PSU | 10,007 | — | 42,830 |
| Theresa Zandhuis | RSU | 11,042 | — | 47,260 |
| Joshua Charlesworth | PSU | 12,336 | — | 52,798 |
| Theresa Zandhuis | RSU | 13,307 | — | 56,954 |
| Joshua Charlesworth | RSU | 13,803 | — | 59,077 |
| Alison Holder | RSU | 15,534 | — | 66,486 |
| Theresa Zandhuis | RSU | 19,737 | — | 84,474 |
| Raphael Duvivier | RSU | 20,014 | — | 85,660 |
| Raphael Duvivier | PSU | 20,014 | — | 85,660 |
| Theresa Zandhuis | PSU | 20,014 | — | 85,660 |
| Joshua Charlesworth | RSU | 24,672 | — | 105,596 |
| Joshua Charlesworth | RSU | 26,613 | — | 113,904 |
| Raphael Duvivier | RSU | 28,259 | — | 120,949 |
| Nicola Steele | RSU | 31,799 | — | 136,100 |
| Theresa Zandhuis | Option | 33,146 | 14.61 | — |
| Joshua Charlesworth | RSU | 33,356 | — | 142,764 |
| Joshua Charlesworth | PSU | 33,356 | — | 142,764 |
| Alison Holder | RSU | 46,621 | — | 199,538 |
| Alison Holder | PSU | 46,621 | — | 199,538 |
| Nicola Steele | PSU | 46,621 | — | 199,538 |
| Joshua Charlesworth | Option | 66,293 | 14.61 | — |
| Raphael Duvivier | RSU | 69,931 | — | 299,305 |
| Raphael Duvivier | PSU | 69,931 | — | 299,305 |
| Theresa Zandhuis | RSU | 69,931 | — | 299,305 |
| Theresa Zandhuis | PSU | 69,931 | — | 299,305 |
| Theresa Zandhuis | RSU | 86,726 | — | 371,187 |
| Raphael Duvivier | RSU | 95,970 | — | 410,752 |
| Alison Holder | RSU | 100,000 | — | 428,000 |
| Alison Holder | PSU | 100,000 | — | 428,000 |
| Theresa Zandhuis | RSU | 100,000 | — | 428,000 |
| Theresa Zandhuis | PSU | 100,000 | — | 428,000 |
| Alison Holder | RSU | 104,439 | — | 446,999 |
| Joshua Charlesworth | RSU | 116,551 | — | 498,838 |
| Joshua Charlesworth | PSU | 116,551 | — | 498,838 |
| Nicola Steele | RSU | 125,000 | — | 535,000 |
| Nicola Steele | PSU | 125,000 | — | 535,000 |
| Nicola Steele | RSU | 139,862 | — | 598,609 |
| Joshua Charlesworth | RSU | 140,545 | — | 601,533 |
| Raphael Duvivier | PSU | 150,000 | — | 642,000 |
| Joshua Charlesworth | RSU | 175,000 | — | 749,000 |
| Joshua Charlesworth | PSU | 175,000 | — | 749,000 |
| Raphael Duvivier | RSU | 196,584 | — | 841,380 |
| Alison Holder | Option | 200,000 | 3.22 | — |
| Theresa Zandhuis | Option | 200,000 | 3.22 | — |
| Nicola Steele | Option | 250,000 | 3.22 | — |
| Raphael Duvivier | Option | 300,000 | 3.22 | — |
| Joshua Charlesworth | Option | 350,000 | 3.22 | — |
| Joshua Charlesworth | RSU | 492,142 | — | 2,106,368 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Patricia CapelNot independent · Board Chair | $113,228 | $250,003 | — | — | — | $363,231 |
| Bernardo HeesNot independent · STRATEGY AND OPERATING COMMITTEE (Chair) | 72,692 | 250,003 | — | — | — | 322,695 |
| Gerhard PleuhsIndependent · Lead Independent Director · Audit and Finance · Compensation, Nomination, and Governance · Not standing for re-election | 92,885 | 130,002 | — | — | — | 222,887 |
| David DenoIndependent · AUDIT AND FINANCE COMMITTEE (Chair) | 83,269 | 130,002 | — | — | — | 213,271 |
| Marissa AndradaIndependent · Compensation, Nomination, and Governance (Chair) · Not standing for re-election | 78,077 | 130,002 | — | — | — | 208,079 |
| Patrick GrismerIndependent · AUDIT AND FINANCE COMMITTEE | 40,371 | 130,002 | — | — | — | 170,373 |
| Gordon von BrettenNot independent · Not standing for re-election · Departed during FY | 37,692 | 130,002 | — | — | — | 167,694 |
| Easwaran SundaramIndependent · AUDIT AND FINANCE COMMITTEE · COMPENSATION, NOMINATION, AND GOVERNANCE COMMITTEE* | 37,692 | 130,002 | — | — | — | 167,694 |
| Olivier GoudetNot independent · Not standing for re-election · Departed during FY | 100,000 | 0 | — | — | — | 100,000 |
| Paul MichaelsIndependent · Not standing for re-election · Departed during FY | 40,000 | 0 | — | — | — | 40,000 |
| Philip TelferNot independent · Not standing for re-election · Departed during FY | 32,500 | 0 | — | — | — | 32,500 |
| Michelle WeeseNot independent · Not standing for re-election · Departed during FY | 30,000 | 0 | — | — | — | 30,000 |
| Debbie RobertsNot independent · Not standing for re-election · Departed during FY | 30,000 | 0 | — | — | — | 30,000 |
| David BellNot independent · Not standing for re-election · Departed during FY | 30,000 | 0 | — | — | — | 30,000 |
| Melissa WerneckIndependent · Compensation, Nomination, and Governance | 30,000 | 0 | 0 | — | 0 | 30,000 |
| Joshua CharlesworthEmployee director · STRATEGY AND OPERATING COMMITTEE | — | — | — | — | — | 0 |
| David ShearIndependent · Compensation, Nomination, and Governance · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $70,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 85,000 / 80,000 / 80,000 |
| Stock ownership guideline | $350,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $848,406 |
| Equity awards (grant-date value) | $1,280,018 |
| All other compensation | $0 |
| Total cost of the board | $2,128,424 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Krispy Kreme as a peer
Companies that benchmark against DNUT
7 companies name DNUT as a compensation peer
The list of companies that name DNUT as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
CMG Chipotle Mexican Grill, Inc.CAKE Cheesecake Factory, Inc.BROS Dutch Bros Inc.JACK Jack in the Box Inc.MNST Monster Beverage CorporationQSR Restaurant Brands International Inc.SHAK Shake Shack, Inc.SG Sweetgreen, Inc.TXRH Texas Roadhouse, Inc.YETI YETI Holdings, Inc.YUM Yum! Brands, Inc.PZZA Papa John’s International, Inc.DPZ Domino’s Pizza, Inc.BLMN Bloomin’ Brands, Inc.WEN The Wendy’s Company
Peer reciprocity
Of the companies Krispy Kreme, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
— Chipotle Mexican Grill, Inc. (CMG)65 Cheesecake Factory, Inc. (CAKE)✓ Dutch Bros Inc. (BROS)66 Jack in the Box Inc. (JACK)— Monster Beverage Corporation (MNST)67— Restaurant Brands International Inc. (QSR)68— Shake Shack, Inc. (SHAK)69✓ Sweetgreen, Inc. (SG)70— Texas Roadhouse, Inc. (TXRH)71— YETI Holdings, Inc. (YETI)72— Yum! Brands, Inc. (YUM)73✓ Papa John’s International, Inc. (PZZA)74— Domino’s Pizza, Inc. (DPZ)75— Bloomin’ Brands, Inc. (BLMN)76— The Wendy’s Company (WEN)77
Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Krispy Kreme, Inc..
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Monster Beverage Corporation | 2025 | Hilton Schlosberg | $1,250,000 | $10,687,460 | $3,493,351 | $3,750,000 | $19,282,630 |
| 2 | Chipotle Mexican Grill, Inc. | 2025 | Scott Boatwright | 1,095,385 | 7,800,002 | 5,200,007 | 1,155,000 | 15,455,736 |
| 3 | Restaurant Brands International Inc. | 2025 | Joshua Kobza | 950,000 | 12,317,912 | 0 | 1,869,276 | 15,159,780 |
| 4 | Texas Roadhouse, Inc. | 2025 | Gerald Morgan | 1,356,538 | 8,410,928 | 0 | 909,413 | 10,822,133 |
| 5 | Domino’s Pizza, Inc. | 2025 | Russell Weiner | 925,000 | 5,803,394 | 1,812,511 | 1,850,000 | 10,696,081 |
| 6 | Yum! Brands, Inc. | 2025 | Chris Turner | 1,020,288 | 4,651,763 | 1,400,032 | 1,842,862 | 9,130,462 |
| 7 | Papa John’s International, Inc. | 2025 | Todd Penegor | 1,000,000 | 5,300,026 | 0 | 1,585,500 | 8,442,953 |
| 8 | Cheesecake Factory, Inc. | 2025 | David Overton | 1,030,000 | 5,902,124 | — | 1,445,605 | 8,419,852 |
| 9 | Yeti Holdings, Inc. | 2025 | Matthew Reintjes | 1,057,308 | 5,500,187 | 0 | 1,126,033 | 7,697,528 |
| 10 | Shake Shack, Inc. | 2025 | Robert Lynch | 1,000,000 | 5,000,161 | 0 | 1,011,750 | 7,210,818 |
| 11 | Dutch Bros Inc. | 2025 | Christine Barone | 850,000 | 3,931,225 | 0 | 1,870,000 | 6,668,231 |
| 12 | Bloomin’ Brands, Inc. | 2025 | Michael Spanos | 1,000,000 | 3,333,337 | 0 | 1,155,000 | 5,495,861 |
| 13 | Jack in the Box Inc. | 2025 | Lance Tucker | 624,038 | 3,636,095 | 0 | 310,521 | 5,271,591 |
| 14 | The Wendy’s Company | 2025 | Kirk Tanner | 559,726 | 4,019,990 | 0 | 0 | 4,590,665 |
| 15 | Krispy Kreme, Inc. | 2025 | Joshua Charlesworth | 1,000,000 | 2,124,677 | 553,000 | 0 | 3,693,795 |
| 16 | Sweetgreen, Inc. | 2025 | Jonathan Neman | 550,000 | 0 | 2,675,937 | 0 | 3,226,081 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Krispy Kreme, Inc. | 0% | PRSU 50 · RSU 50 | No | FW Cook |
| Bloomin’ Brands, Inc. | 66% | PSU 67 · RSU 33 | No | FW Cook |
| Cheesecake Factory, Inc. | 100.25% | PSU 50 · RSU 50 | No | FW Cook |
| Chipotle Mexican Grill, Inc. | 53% | PSU 60 · Options 20 · RSU 20 | No | Meridian Compensation Partners, LLC |
| Domino’s Pizza, Inc. | 100.0% | PSU 55 · Options 25 · RSU 20 | No | Meridian Compensation Partners, LLC |
| Dutch Bros Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Semler Brossy |
| Jack in the Box Inc. | 47.6% | PSU 50 · RSU 50 | No | Meridian Compensation Partners |
| Monster Beverage Corporation | not disclosed | PSU 50 · Option 25 · RSU 25 | not disclosed | Frederic W. Cook & Co., Inc. |
| Papa John’s International, Inc. | 105.7% | RSU 50 · PSU 50 | No | Meridian Compensation Partners |
| Restaurant Brands International Inc. | 98% | not disclosed | Yes — Relative TSR vs S&P 500 | Frederic W. Cook & Co., Inc. |
| Shake Shack, Inc. | 67.5% | PSU 60 · RSU 40 | No | Pearl Meyer & Partners |
| Sweetgreen, Inc. | not disclosed | not disclosed | not disclosed | Semler Brossy |
| Texas Roadhouse, Inc. | 65% | not disclosed | No | FW Cook |
| The Wendy’s Company | 39.6% | PSU 60 · Options 25 · RSU 15 | No | FW Cook |
| Yeti Holdings, Inc. | 71.0% | PBRSU 75 · RSU 25 | Yes — Relative Total Stockholder Return (TSR) | FW Cook |
| Yum! Brands, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | Yes — TSR Relative to S&P 500 Consumer Discretionary Index | Meridian Compensation Partners, LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-10 | 106,613,820 | 1,323,673 | 77,264 | 98.77% | Passed |
| 2025 | 2025-06-17 | 113,335,224 | 592,830 | 41,971 | 99.44% | Passed |
| 2024 | 2024-06-18 | 115,310,721 | 3,193,955 | 83,798 | 97.24% | Passed |
| 2023 | 2023-06-22 | 105,400,863 | 701,697 | 21,792 | 99.32% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-10 | 98.77%a |
| 2025 | 2025-06-17 | 99.44%b |
| 2024 | 2024-06-18 | 97.24%c |
a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will not be counted as having been voted on this proposal and therefore will have no effect on the vote.”.
b. Approved under the standard stated in the filing — “An abstention will be counted as having been voted on Proposal 2 and therefore will have the effect of a vote against the applicable proposal.”.
c. Approved under the standard stated in the filing — “For the other proposals, an abstention will be counted as having been voted on the applicable proposal, and therefore will have the effect of a vote against the applicable proposal, assuming a quorum is present.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 111 : 1 |
|---|---|
| CEO total compensation | $3,693,795 |
| Median employee compensation | $33,327 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (77 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Joshua Charlesworth. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table” · page 37. As printed: 3,693,795. View filing ↗
- Section 01, Raphael Duvivier. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table”. As printed: 2,811,282. View filing ↗
- Section 01, Nicola Steele. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table”. As printed: 2,592,004. View filing ↗
- Section 01, Alison Holder. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table”. As printed: 2,182,717. View filing ↗
- Section 01, Theresa Zandhuis. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table”. As printed: 2,124,725. View filing ↗
- Section 01, Jeremiah Ashukian. DEF 14A, filed 2026-04-27. Section “2025 Summary Compensation Table”. As printed: 1,125,089. View filing ↗
- Section 03, Joshua Charlesworth OPTION. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nicola Steele OPTION. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Raphael Duvivier RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Theresa Zandhuis RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Joshua Charlesworth RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Theresa Zandhuis OPTION. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jeremiah Ashukian RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nicola Steele RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Raphael Duvivier OPTION. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alison Holder OPTION. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alison Holder RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alison Holder RSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Raphael Duvivier PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Theresa Zandhuis PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Nicola Steele PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Jeremiah Ashukian PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Joshua Charlesworth PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Alison Holder PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-27. Section “CEO Pay Ratio”. As printed: 111 : 1. View filing ↗
- Section 08, Patricia Capel. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 363,231. View filing ↗
- Section 08, Bernardo Hees. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 322,695. View filing ↗
- Section 08, Gerhard Pleuhs. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 222,887. View filing ↗
- Section 08, David Deno. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 213,271. View filing ↗
- Section 08, Marissa Andrada. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 208,079. View filing ↗
- Section 08, Patrick Grismer. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 170,373. View filing ↗
- Section 08, Gordon von Bretten. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 167,694. View filing ↗
- Section 08, Easwaran Sundaram. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 167,694. View filing ↗
- Section 08, Olivier Goudet. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 100,000. View filing ↗
- Section 08, Paul Michaels. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 40,000. View filing ↗
- Section 08, Philip Telfer. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 32,500. View filing ↗
- Section 08, Michelle Weese. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 30,000. View filing ↗
- Section 08, Debbie Roberts. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 30,000. View filing ↗
- Section 08, David Bell. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 30,000. View filing ↗
- Section 08, Melissa Werneck. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 30,000. View filing ↗
- Section 08, Joshua Charlesworth. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, David Shear. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-12. Item 5.07 · say-on-pay result. As reported: 98.77% (votes for as printed: 106,613,820). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-20. Item 5.07 · say-on-pay result. As reported: 99.44% (votes for as printed: 113,335,224). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-20. Item 5.07 · say-on-pay result. As reported: 97.24% (votes for as printed: 115,310,721.46). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 848,406 + equity 1,280,018 + all other 0 = 2,128,424, summed across the director compensation table rows.
- Monster Beverage Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Monster Beverage Corporation's own proxy. As printed: 19,282,630. View filing ↗
- Chipotle Mexican Grill, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. View filing ↗
- Restaurant Brands International Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Restaurant Brands International Inc.'s own proxy. As printed: 15,159,780. View filing ↗
- Texas Roadhouse, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. View filing ↗
- Domino’s Pizza, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Domino’s Pizza, Inc.'s own proxy. As printed: 10,696,081. View filing ↗
- Yum! Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Yum! Brands, Inc.'s own proxy. As printed: 9,130,462. View filing ↗
- Papa John’s International, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Papa John’s International, Inc.'s own proxy. As printed: 8,442,953. View filing ↗
- Cheesecake Factory, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Cheesecake Factory, Inc.'s own proxy. As printed: 8,419,852. View filing ↗
- Yeti Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Yeti Holdings, Inc.'s own proxy. As printed: 7,697,528. View filing ↗
- Shake Shack, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Shake Shack, Inc.'s own proxy. As printed: 7,210,818. View filing ↗
- Dutch Bros Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Dutch Bros Inc.'s own proxy. As printed: 6,668,231. View filing ↗
- Bloomin’ Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-03. CEO total compensation as printed in Bloomin’ Brands, Inc.'s own proxy. As printed: 5,495,861. View filing ↗
- Jack in the Box Inc., Section 10b CEO total. DEF 14A, filed 2026-01-21. CEO total compensation as printed in Jack in the Box Inc.'s own proxy. As printed: 5,271,591. View filing ↗
- The Wendy’s Company, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in The Wendy’s Company's own proxy. As printed: 4,590,665. View filing ↗
- Krispy Kreme, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Krispy Kreme, Inc.'s own proxy. As printed: 3,693,795. View filing ↗
- Sweetgreen, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. View filing ↗
- Section 10a, Chipotle Mexican Grill, Inc. reciprocity. DEF 14A. Chipotle Mexican Grill, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Dutch Bros Inc. reciprocity. DEF 14A. Dutch Bros Inc. names Krispy Kreme, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Monster Beverage Corporation reciprocity. DEF 14A. Monster Beverage Corporation's most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Restaurant Brands International Inc. reciprocity. DEF 14A. Restaurant Brands International Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Shake Shack, Inc. reciprocity. DEF 14A. Shake Shack, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Sweetgreen, Inc. reciprocity. DEF 14A. Sweetgreen, Inc. names Krispy Kreme, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Texas Roadhouse, Inc. reciprocity. DEF 14A. Texas Roadhouse, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, YETI Holdings, Inc. reciprocity. DEF 14A. YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Yum! Brands, Inc. reciprocity. DEF 14A. Yum! Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Papa John’s International, Inc. reciprocity. DEF 14A. Papa John’s International, Inc. names Krispy Kreme, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Domino’s Pizza, Inc. reciprocity. DEF 14A. Domino’s Pizza, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, Bloomin’ Brands, Inc. reciprocity. DEF 14A. Bloomin’ Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗
- Section 10a, The Wendy’s Company reciprocity. DEF 14A. The Wendy’s Company's most recent proxy was read; its disclosed peer group does not include Krispy Kreme, Inc.. View filing ↗