Companies Oportun Financial Corp
Oportun Financial (OPRT): executive pay, fiscal 2025
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CEO pay, last three years
- $1,694,535FY2023
- $1,894,102FY2024
- $4,327,855FY2025
CEO total pay was $4,327,855 in fiscal 2025, up from $1,894,102 in fiscal 2024.
FY2025: salary $716,155 · bonus $0 · stock awards $2,862,000 · option awards $0
Executives and directors
Frequently asked questions
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 |
|---|---|---|---|---|---|---|---|---|
| Raul Vazquez | $716,155 | $0 | $2,862,000 | $0 | $749,700 | $0 | $0 | $4,327,855 |
| Chief Executive Officer | ||||||||
| Patrick Kirscht | 503,299 | 0 | 1,653,911 | 0 | 370,224 | 0 | 0 | 2,527,434 |
| Chief Credit Officer | ||||||||
| Kathleen Layton | 414,231 | 0 | 1,220,615 | 0 | 233,279 | 0 | 0 | 1,868,125 |
| Chief Legal Officer and Corporate Secretary | ||||||||
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 |
|---|---|---|---|---|
| Raul Vazquez | $4,327,855 | $1,894,102 | $1,694,535 | ↑ +2,433,753 |
| Patrick Kirscht | 2,527,434 | 1,289,720 | 843,913 | ↑ +1,237,714 |
| Kathleen Layton | 1,868,125 | 790,917 | 886,093 | ↑ +1,077,208 |
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 Company's compensation program is designed to attract, motivate, and retain highly qualified executives, reward them fairly for achieving rigorous corporate and individual objectives, and align their long-term interests with those of stockholders. A significant portion of target total direct compensation is 'at-risk' or variable, closely linked to Company performance and stock price to drive sustainable, profitable growth.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Willis Towers Watson |
| 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 |
|---|---|---|---|---|---|---|---|
| Kathleen Layton | RSU | 2025-04-02 | — | — | 73,530 | — | $425,739 |
| Patrick Kirscht | RSU | 2025-12-31 | — | — | 95,603 | — | 505,740 |
| Kathleen Layton | RSU | 2025-12-31 | — | — | 86,043 | — | 455,167 |
| Raul Vazquez | RSU | 2025-04-02 | — | — | 225,000 | — | 1,302,750 |
| Patrick Kirscht | PSU | 2025-04-02 | 13,787 | 73,530 | — | 114,707 | 509,563 |
| Patrick Kirscht | RSU | 2025-04-02 | — | — | 110,295 | — | 638,608 |
| Kathleen Layton | PSU | 2025-04-02 | 9,191 | 49,020 | — | 76,471 | 339,709 |
| Raul Vazquez | PSU | 2025-04-02 | 42,188 | 225,000 | — | 351,000 | 1,559,250 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kathleen Layton | $880,906 | $339,709 | $0 | 27.8% |
| Patrick Kirscht | 1,144,348 | 509,563 | 0 | 30.8% |
| Raul Vazquez | 1,302,750 | 1,559,250 | 0 | 54.5% |
% 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 |
|---|---|---|---|---|
| Kathleen Layton | Option | 1,081 | 13.26 | — |
| Kathleen Layton | RSU | 2,557 | — | 13,527 |
| Patrick Kirscht | Option | 2,989 | 13.39 | — |
| Raul Vazquez | Option | 6,973 | 13.39 | — |
| Kathleen Layton | PSU | 7,633 | — | 40,379 |
| Patrick Kirscht | PSU | 12,334 | — | 65,247 |
| Patrick Kirscht | RSU | 16,447 | — | 87,005 |
| Kathleen Layton | RSU | 18,051 | — | 95,490 |
| Patrick Kirscht | PSU | 20,181 | — | 106,757 |
| Kathleen Layton | RSU | 20,357 | — | 107,689 |
| Patrick Kirscht | RSU | 21,211 | — | 112,206 |
| Raul Vazquez | PSU | 38,168 | — | 201,909 |
| Raul Vazquez | PSU | 44,090 | — | 233,236 |
| Kathleen Layton | PSU | 49,020 | — | 259,316 |
| Raul Vazquez | RSU | 49,491 | — | 261,807 |
| Patrick Kirscht | RSU | 53,818 | — | 284,697 |
| Raul Vazquez | RSU | 58,788 | — | 310,989 |
| Kathleen Layton | RSU | 73,530 | — | 388,974 |
| Patrick Kirscht | PSU | 73,530 | — | 388,974 |
| Kathleen Layton | RSU | 86,043 | — | 455,167 |
| Patrick Kirscht | RSU | 95,603 | — | 505,740 |
| Raul Vazquez | RSU | 101,782 | — | 538,427 |
| Patrick Kirscht | RSU | 110,295 | — | 583,461 |
| Raul Vazquez | RSU | 225,000 | — | 1,190,250 |
| Raul Vazquez | PSU | 225,000 | — | 1,190,250 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Louis P. MiramontesIndependent · Lead Independent Director · Audit and Risk · Nominating, Governance and Social Responsibility | $67,956 | $132,462 | — | — | — | $200,417 |
| Sandra A. SmithIndependent · Audit and Risk (Chair) · Credit Risk and Finance · Not standing for re-election | 66,508 | 111,254 | — | — | — | 177,761 |
| Ginny LeeIndependent · Compensation and Leadership · Nominating, Governance and Social Responsibility (Chair) | 61,917 | 111,254 | — | — | — | 173,171 |
| Mohit DaswaniIndependent · Audit and Risk · Compensation and Leadership (Chair) · Newly elected | 60,058 | 111,254 | — | — | — | 171,312 |
| Richard TamborIndependent · Credit Risk and Finance (Chair) · Nominating, Governance and Social Responsibility | 57,861 | 111,254 | — | — | — | 169,115 |
| Carlos MinettiIndependent · Credit Risk and Finance · Nominating, Governance and Social Responsibility | 55,032 | 111,254 | — | — | — | 166,285 |
| Jo Ann BarefootIndependent · Credit Risk and Finance · Nominating, Governance and Social Responsibility · Not standing for re-election | 55,032 | 111,254 | — | — | — | 166,285 |
| Warren WilcoxIndependent · Audit and Risk · Compensation and Leadership · Partial-year service | 28,893 | 105,179 | — | — | — | 134,072 |
| R. Neil WilliamsNot independent · Not standing for re-election · Departed during FY | 46,018 | 0 | — | — | — | 46,018 |
| Scott ParkerNot independent · Not standing for re-election · Departed during FY | 26,828 | 0 | — | — | — | 26,828 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $526,103 |
| Equity awards (grant-date value) | $905,165 |
| All other compensation | $0 |
| Total cost of the board | $1,431,268 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Oportun Financial as a peer
Companies that benchmark against OPRT
3 companies name OPRT as a compensation peer
- EZCORP INCEZPWFY2025
- MEDALLION FINANCIAL CORPMFINFY2025
- Regional Management Corp.RMFY2025
Each company listed discloses OPRT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named OPRT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
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 | SoFi Technologies | 2025 | Anthony Noto | $1,000,000 | $25,308,941 | $0 | $2,760,000 | $30,275,733 |
| 2 | Enova International | 2025 | David Fisher | 1,030,385 | 4,121,406 | 3,969,397 | 1,519,815 | 11,703,176 |
| 3 | Prog Holdings | 2025 | Steven Michaels | 1,000,000 | 7,424,432 | 0 | 1,408,500 | 9,880,430 |
| 4 | Upstart Holdings | 2025 | Dave Girouard | 536,667 | 0 | 8,597,565 | 536,603 | 9,670,835 |
| 5 | MoneyLion | 2023 | Diwakar Choubey | 650,000 | 4,848,284 | 0 | 0 | 6,595,566 |
| 6 | LendingTree | 2025 | Scott Peyree | 507,308 | 3,848,975 | 0 | 521,909 | 4,888,692 |
| 7 | LendingClub | 2025 | Scott Sanborn | 575,000 | 2,690,865 | 0 | 1,004,813 | 4,823,478 |
| 8 | Oportun Financial Corp | 2025 | Raul Vazquez | 716,155 | 2,862,000 | 0 | 749,700 | 4,327,855 |
| 9 | Atlanticus | 2025 | Jeffrey Howard | 850,000 | 238,503 | 0 | 0 | 2,099,003 |
| 10 | OppFi | 2025 | Todd Schwartz | 461,538 | 1,137,204 | 0 | 0 | 1,599,726 |
| — | Regional Management | — | — | — | — | — | — | not in coverage universe |
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 |
|---|---|---|---|---|
| Oportun Financial Corp | not disclosed | RSU 60 · PSU 40 | not disclosed | Willis Towers Watson |
| Atlanticus | not disclosed | RSU 100 | not disclosed | not disclosed |
| Enova International | 142% | not disclosed | not disclosed | WTW |
| LendingClub | not disclosed | PBRSU 41.25 · RSU 33.75 · Cash Award 25 | not disclosed | FW Cook |
| LendingTree | 119% | RSU 50 · PSU 50 | No | FW Cook |
| MoneyLion | not disclosed | not disclosed | No | not disclosed |
| OppFi | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co. Inc. |
| Prog Holdings | not disclosed | PSU 70 · RSU 30 | Yes — Relative TSR | Exequity LLP |
| Regional Management | not disclosed | not disclosed | not disclosed | not disclosed |
| SoFi Technologies | 138% | RSU 50 · PSU 50 | No | Compensia, Inc. |
| Upstart Holdings | 100.95% | Options 100 | not disclosed | Compensia |
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 | 2026-08-11 | 24,589,509 | 1,046,016 | 359,721 | 95.92% | Passed |
| 2025 | 2025-07-18 | 25,769,766 | 2,853,793 | 3,021,430 | 90.03% | Passed |
| 2024 | 2024-06-26 | 14,271,495 | 1,877,087 | 80,269 | 88.38% | Passed |
| 2023 | 2023-06-06 | 11,205,303 | 3,777,601 | 1,297,233 | 74.79% | Passed |
| 2022 | 2022-06-14 | 20,808,056 | 730,880 | 3,271 | 96.61% | Passed |
| 2021 | 2021-06-08 | 18,844,070 | 1,056,179 | 13,998 | 94.69% | 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 | 2026-08-11 | 95.92%a |
| 2025 | 2025-07-18 | 90.03%b |
| 2024 | 2024-06-26 | 88.38%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (37 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, Raul Vazquez. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · page 55. As printed: 4,327,855. View filing ↗
- Section 01, Patrick Kirscht. DEF 14A, filed 2026-06-29. Section “Executive Compensation”. As printed: 2,527,434. View filing ↗
- Section 01, Kathleen Layton. DEF 14A, filed 2026-06-29. Section “Executive Compensation”. As printed: 1,868,125. View filing ↗
- Section 03, Kathleen Layton RSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Patrick Kirscht RSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Kathleen Layton RSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Raul Vazquez RSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Patrick Kirscht PSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Patrick Kirscht RSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Kathleen Layton PSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Raul Vazquez PSU. DEF 14A, filed 2026-06-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Louis P. Miramontes. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 200,417. View filing ↗
- Section 08, Sandra A. Smith. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 177,761. View filing ↗
- Section 08, Ginny Lee. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 173,171. View filing ↗
- Section 08, Mohit Daswani. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 171,312. View filing ↗
- Section 08, Richard Tambor. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 169,115. View filing ↗
- Section 08, Carlos Minetti. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 166,285. View filing ↗
- Section 08, Jo Ann Barefoot. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 166,285. View filing ↗
- Section 08, Warren Wilcox. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 134,072. View filing ↗
- Section 08, R. Neil Williams. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 46,018. View filing ↗
- Section 08, Scott Parker. DEF 14A, filed 2026-06-29. Section “Director Compensation”. As printed: 26,828. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-08-14. Item 5.07 · say-on-pay result. As reported: 95.92% (votes for as printed: 24,589,509). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-07-23. Item 5.07 · say-on-pay result. As reported: 90.03% (votes for as printed: 25,769,766). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-28. Item 5.07 · say-on-pay result. As reported: 88.38% (votes for as printed: 14,271,495). 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 526,103 + equity 905,165 + all other 0 = 1,431,268, summed across the director compensation table rows.
- SoFi Technologies, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in SoFi Technologies's own proxy. As printed: 30,275,733. View filing ↗
- Enova International, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Enova International's own proxy. As printed: 11,703,176. View filing ↗
- Prog Holdings, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Prog Holdings's own proxy. As printed: 9,880,430. View filing ↗
- Upstart Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Upstart Holdings's own proxy. As printed: 9,670,835. View filing ↗
- MoneyLion, Section 10b CEO total. DEF 14A, filed 2024-04-29. CEO total compensation as printed in MoneyLion's own proxy. As printed: 6,595,566. View filing ↗
- LendingTree, Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in LendingTree's own proxy. As printed: 4,888,692. View filing ↗
- LendingClub, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in LendingClub's own proxy. As printed: 4,823,478. View filing ↗
- Oportun Financial Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-06-29. CEO total compensation as printed in Oportun Financial Corp's own proxy. As printed: 4,327,855. View filing ↗
- Atlanticus, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Atlanticus's own proxy. As printed: 2,099,003. View filing ↗
- OppFi, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in OppFi's own proxy. As printed: 1,599,726. View filing ↗