Companies Peloton Interactive, Inc
Peloton Interactive (PTON): executive pay, fiscal 2026
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CEO pay, last three years
- $18,236,835FY2025
- $32,966,539FY2026
CEO total pay was $32,966,539 in fiscal 2026, up from $18,236,835 in fiscal 2025.
FY2026: salary $1,250,000 · bonus $0 · stock awards $30,057,551 · 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 |
|---|---|---|---|---|---|---|---|---|
| Peter Stern | $1,250,000 | $0 | $30,057,551 | $0 | $1,428,750 | $0 | $230,238 | $32,966,539 |
| Chief Executive Officer and President | ||||||||
| NICK Caldwell | 884,615 | 0 | 8,913,554 | 0 | 150,124 | 0 | 61,225 | 10,009,518 |
| Chief Product Officer | ||||||||
| Dion Sanders | 884,615 | 0 | 8,913,554 | 0 | 150,124 | 0 | 16,450 | 9,964,743 |
| Chief Commercial Officer | ||||||||
| Jennifer Cotter | 884,615 | 0 | 6,141,621 | 47,610 | 150,124 | 0 | 13,077 | 7,237,047 |
| Former Chief Content Officer | ||||||||
| Elizabeth Coddington | 672,115 | 0 | 5,968,515 | 0 | 0 | 0 | 9,200 | 6,649,830 |
| Former Chief Financial Officer | ||||||||
| CHARLES Kirol | 635,000 | 0 | 4,227,700 | 0 | 435,483 | 0 | 22,792 | 5,320,975 |
| Chief Operating Officer | ||||||||
| SAQIB BAIG | 834,185 | — | 1,989,507 | — | — | — | 20,660 | 2,844,352 |
| Chief Accounting Officer and Former Interim Chief Financial Officer | ||||||||
| SIDDHARTH Thacker | 12,212 | 9,395 | 0 | 0 | 0 | 0 | 0 | 21,607 |
| 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 | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Peter Stern | $32,966,539 | $18,236,835 | — | ↑ +14,729,704 |
| NICK Caldwell | 10,009,518 | 6,185,093 | 9,788,726 | ↑ +3,824,425 |
| Dion Sanders | 9,964,743 | 5,553,990 | — | ↑ +4,410,753 |
| Jennifer Cotter | 7,237,047 | 6,109,199 | 10,277,758 | ↑ +1,127,848 |
| Elizabeth Coddington | 6,649,830 | 6,111,860 | 11,308,749 | ↑ +537,970 |
| CHARLES Kirol | 5,320,975 | — | — | — |
| SAQIB BAIG | 2,844,352 | — | — | — |
| SIDDHARTH Thacker | 21,607 | — | — | — |
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
Our executive compensation program is guided by our overarching philosophy of paying for demonstrable performance, seeking to emphasize variable pay over fixed pay to align the interests and objectives of our executives with those of our stockholders. We design our program so that a meaningful portion of our executive officers’ annual target total direct compensation is both “at-risk” and variable in nature, linking long-term incentive compensation to stockholder value creation and the achievement of goals linked to key performance metrics.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | F.W. Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| NICK Caldwell | RSU | 2025-09-14 | — | — | 459,318 | — | $3,481,630 |
| NICK Caldwell | PSU | 2025-09-14 | 98,426 | 196,851 | — | 393,702 | 1,492,131 |
| NICK Caldwell | RSU | 2026-04-01 | — | — | 916,231 | — | 3,939,793 |
| Elizabeth Coddington | RSU | 2025-09-14 | — | — | 551,182 | — | 4,177,960 |
| Elizabeth Coddington | PSU | 2025-09-14 | 118,111 | 236,221 | — | 472,442 | 1,790,555 |
| Jennifer Cotter | RSU | 2025-09-14 | — | — | 459,318 | — | 3,481,630 |
| Jennifer Cotter | PSU | 2025-09-14 | 98,426 | 196,851 | — | 393,702 | 1,492,131 |
| CHARLES Kirol | RSU | 2025-09-14 | — | — | 275,591 | — | 2,088,980 |
| CHARLES Kirol | PSU | 2025-09-14 | 59,056 | 118,111 | — | 236,222 | 895,281 |
| CHARLES Kirol | PSU | 2025-09-14 | 82,021 | 164,042 | — | 328,084 | 1,243,438 |
| Dion Sanders | RSU | 2025-09-14 | — | — | 459,318 | — | 3,481,630 |
| Dion Sanders | PSU | 2025-09-14 | 98,426 | 196,851 | — | 393,702 | 1,492,131 |
| Dion Sanders | RSU | 2026-04-01 | — | — | 916,231 | — | 3,939,793 |
| Peter Stern | RSU | 2025-09-24 | — | — | 955,415 | — | 7,882,174 |
| Peter Stern | PSU | 2025-09-24 | 70,622 | 141,243 | — | 282,486 | 1,165,255 |
| Peter Stern | PSU | 2025-09-24 | 238,854 | 477,708 | — | 955,416 | 3,941,091 |
| Peter Stern | RSU | 2025-09-24 | — | — | 2,500,000 | — | 17,069,032 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| NICK Caldwell | $7,421,423 | $1,492,131 | $0 | 16.7% |
| Elizabeth Coddington | 4,177,960 | 1,790,555 | 0 | 30.0% |
| Jennifer Cotter | 3,481,630 | 1,492,131 | 0 | 30.0% |
| CHARLES Kirol | 2,088,980 | 2,138,719 | 0 | 50.6% |
| Dion Sanders | 7,421,423 | 1,492,131 | 0 | 16.7% |
| Peter Stern | 24,951,206 | 5,106,346 | 0 | 17.0% |
% 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 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dion Sanders | RSU | 5,243 | — | $30,986 |
| Dion Sanders | RSU | 7,341 | — | 43,385 |
| Jennifer Cotter | RSU | 14,021 | — | 82,864 |
| Jennifer Cotter | RSU | 15,730 | — | 92,964 |
| Jennifer Cotter | RSU | 44,449 | — | 262,694 |
| Dion Sanders | RSU | 51,452 | — | 304,081 |
| Dion Sanders | RSU | 104,415 | — | 617,093 |
| NICK Caldwell | RSU | 119,332 | — | 705,252 |
| Jennifer Cotter | RSU | 119,332 | — | 705,252 |
| Peter Stern | RSU | 141,243 | — | 834,746 |
| NICK Caldwell | RSU | 196,851 | — | 1,163,389 |
| Dion Sanders | RSU | 196,851 | — | 1,163,389 |
| Jennifer Cotter | RSU | 196,851 | — | 1,163,389 |
| Dion Sanders | RSU | 200,000 | — | 1,182,000 |
| Jennifer Cotter | RSU | 225,000 | — | 1,329,750 |
| Dion Sanders | RSU | 384,615 | — | 2,273,075 |
| Jennifer Cotter | RSU | 432,692 | — | 2,557,210 |
| NICK Caldwell | RSU | 459,318 | — | 2,714,569 |
| Dion Sanders | RSU | 459,318 | — | 2,714,569 |
| Jennifer Cotter | RSU | 459,318 | — | 2,714,569 |
| Peter Stern | RSU | 477,708 | — | 2,823,254 |
| NICK Caldwell | RSU | 578,704 | — | 3,420,141 |
| Peter Stern | Option | 585,937 | 8.49 | — |
| Peter Stern | RSU | 776,275 | — | 4,587,785 |
| Peter Stern | RSU | 847,458 | — | 5,008,477 |
| NICK Caldwell | RSU | 916,231 | — | 5,414,925 |
| Dion Sanders | RSU | 916,231 | — | 5,414,925 |
| Peter Stern | RSU | 2,500,000 | — | 14,775,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jay HoagIndependent · Board Chair · Compensation · Nominating, Governance and Corporate Responsibility | $75,000 | $320,688 | — | — | — | $395,688 |
| Chris BruzzoIndependent · Nominating, Governance and Corporate Responsibility (Chair) | 75,000 | 244,336 | — | — | — | 319,336 |
| Angel L. MendezIndependent · Audit (Chair) | 75,000 | 244,336 | — | — | — | 319,336 |
| Karen BooneIndependent · Compensation (Chair) | 70,479 | 244,336 | — | — | — | 314,816 |
| Tara ComonteIndependent · Audit | 75,000 | 229,063 | — | — | — | 304,063 |
| Pamela Thomas-GrahamIndependent | 75,000 | 229,063 | — | — | — | 304,063 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $225,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 15,000 / 15,000 |
| Stock ownership guideline | Ongoing adherence to stock ownership guidelines for executive officers and directors. |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $445,479 |
| Equity awards (grant-date value) | $1,511,822 |
| All other compensation | $0 |
| Total cost of the board | $1,957,301 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Peloton Interactive as a peer
Companies that benchmark against PTON
12 companies name PTON as a compensation peer
- Callaway Golf CoCALYFY2025
- ETSY INCETSYFY2025
- GoPro, Inc.GPROFY2025
- Grindr Inc.GRNDFY2025
- Planet Fitness, Inc.PLNTFY2025
- ROKU, INCROKUFY2025
- Sleep Number CorpSNBRQFY2025
- Stitch Fix, Inc.SFIXFY2025
- Virgin Galactic Holdings, IncSPCEFY2025
- YETI Holdings, Inc.YETIFY2025
Each company listed discloses PTON 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 PTON 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 2026
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
Of the companies Peloton Interactive, 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.
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 Peloton Interactive, 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 | Peloton Interactive, Inc | 2026 | Peter Stern | $1,250,000 | $30,057,551 | $0 | $1,428,750 | $32,966,539 |
| 2 | IAC | 2025 | Joseph Levin | 273,077 | 0 | 0 | 0 | 17,601,042 |
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 |
|---|---|---|---|---|
| Peloton Interactive, Inc | not disclosed | RSU 70 · PSU 30 | not disclosed | F.W. Cook |
| IAC | not disclosed | RSU 100 | not disclosed | Compensia, Inc. |
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 |
|---|---|---|---|---|---|---|
| 2024 | 2024-12-03 | 430,534,150 | 92,670,566 | 882,088 | 82.29% | Passed |
| 2021 | 2021-12-07 | 602,911,129 | 120,065,521 | 253,142 | 83.39% | 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 |
|---|---|---|
| 2024 | 2024-12-03 | 82.29%a |
| 2021 | 2021-12-07 | 83.39%b |
a. Approved under the standard stated in the filing — “Abstentions have no effect on the ratification of the appointment of Ernst & Young LLP or on the approval of the compensation of our named executive officers.”.
b. Approved under the standard stated in the filing — “At the Annual Meeting, abstentions will have no effect on Proposal No.”.
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) | 107 : 1 |
|---|---|
| CEO total compensation | $19,496,451 |
| Median employee compensation | $182,512 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (39 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, Peter Stern. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · page 61. As printed: 32,966,539. View filing ↗
- Section 01, NICK Caldwell. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 10,009,518. View filing ↗
- Section 01, Dion Sanders. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 9,964,743. View filing ↗
- Section 01, Jennifer Cotter. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 7,237,047. View filing ↗
- Section 01, Elizabeth Coddington. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 6,649,830. View filing ↗
- Section 01, CHARLES Kirol. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 5,320,975. View filing ↗
- Section 01, SAQIB BAIG. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 2,844,352. View filing ↗
- Section 01, SIDDHARTH Thacker. DEF 14A, filed 2026-10-23. Section “Executive Compensation”. As printed: 21,607. View filing ↗
- Section 03, NICK Caldwell RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, NICK Caldwell PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, NICK Caldwell RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Elizabeth Coddington RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Elizabeth Coddington PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jennifer Cotter RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jennifer Cotter PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, CHARLES Kirol RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, CHARLES Kirol PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, CHARLES Kirol PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Dion Sanders RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Dion Sanders PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Dion Sanders RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Stern RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Stern PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Stern PSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Peter Stern RSU. DEF 14A, filed 2026-10-23. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2025-10-24. Section “CEO Pay Ratio”. As printed: 107 : 1. View filing ↗
- Section 08, Jay Hoag. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 395,688. View filing ↗
- Section 08, Chris Bruzzo. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 319,336. View filing ↗
- Section 08, Angel L. Mendez. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 319,336. View filing ↗
- Section 08, Karen Boone. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 314,816. View filing ↗
- Section 08, Tara Comonte. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 304,063. View filing ↗
- Section 08, Pamela Thomas-Graham. DEF 14A, filed 2026-10-23. Section “Director Compensation”. As printed: 304,063. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-12-09. Item 5.07 · say-on-pay result. As reported: 82.29% (votes for as printed: 430,534,150). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-12-09. Item 5.07 · say-on-pay result. As reported: 83.39%. 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 445,479 + equity 1,511,822 + all other 0 = 1,957,301, summed across the director compensation table rows.
- Peloton Interactive, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-10-23. CEO total compensation as printed in Peloton Interactive, Inc's own proxy. As printed: 32,966,539. View filing ↗
- IAC, Section 10b CEO total. DEF 14A, filed 2026-06-01. CEO total compensation as printed in IAC's own proxy. As printed: 17,601,042. View filing ↗