Companies Shake Shack Inc.

Shake Shack (SHAK): executive pay, fiscal 2025

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CEO total pay$7,210,818CEO Robert Lynch · source

Say-on-pay support93.67%Latest vote · source

CEO vs. named peers50th pct.Of 10 peer CEOs

CEO pay ratio323:1To the median employee · source

CEO pay, last three years

$13,119,865FY2024
$7,210,818FY2025

CEO total pay was $7,210,818 in fiscal 2025, down from $13,119,865 in fiscal 2024.

FY2025: salary $1,000,000 · bonus $0 · stock awards $5,000,161 · option awards $0

Executives and directors

Katherine Fogertey · CFO Robert Lynch · CEO Stephanie Sentell · COO Anna Fieler · Former director (through FY2025)Charles Chapman III · Independent Director Daniel Meyer · Chair of the Board Jeff Flug · Lead Independent Director Jeffrey Lawrence · Independent Director Joshua Silverman · Independent Director Lori George · Independent Director Sumaiya Balbale · Independent Director Tristan Walker · Independent Director

Frequently asked questions

Who was the highest-paid executive at Shake Shack Inc. in fiscal 2025?

As disclosed, Robert Lynch (Chief Executive Officer) was the highest-paid executive at Shake Shack Inc. in fiscal 2025, with total compensation of $7,210,818.

How does Shake Shack Inc.'s chief executive pay compare to its disclosed peer group?

As disclosed, Robert Lynch's total compensation ranked at the 50th percentile of Shake Shack Inc.'s disclosed peer group.

What is Shake Shack Inc.'s CEO-to-median employee pay ratio?

As disclosed, Shake Shack Inc.'s CEO-to-median employee pay ratio was 323:1.

How did shareholders vote on Shake Shack Inc.'s executive compensation?

As disclosed, 93.67% of shareholders supported Shake Shack Inc.'s executive compensation in the latest say-on-pay vote.

How much does Shake Shack Inc. spend in total on board compensation for fiscal 2025?

As disclosed, Shake Shack Inc. reported total board compensation of $1,632,398 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
Robert Lynch	$1,000,000	$0	$5,000,161	$0	$1,011,750	$0	$198,907	$7,210,818
Chief Executive Officer
Katherine Fogertey	615,283	0	900,077	0	415,008	0	11,214	1,941,582
Former Chief Financial Officer
Stephanie Sentell	573,349	0	800,056	0	290,043	0	54,898	1,718,346
Chief Operations 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
Robert Lynch	$7,210,818	$13,119,865	—	↓ −5,909,047
Katherine Fogertey	1,941,582	1,914,391	1,438,088	↑ +27,191
Stephanie Sentell	1,718,346	2,057,323	—	↓ −338,977

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 talent and executive compensation philosophy enables us to attract well-qualified executives and to motivate and reward them for business results and leadership behaviors that drive our business strategy. We are committed to a pay-for-performance culture that includes high standards of ethical behavior and corporate governance.

CEO STI target (% of salary)	150%
CEO LTI target (% of salary)	—
Independent consultant	Pearl Meyer & Partners
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
Robert Lynch	PSU	2025-03-01	—	27,625	—	55,250	$3,000,075
Katherine Fogertey	PSU	2025-03-01	—	4,973	—	9,946	540,068
Stephanie Sentell	PSU	2025-03-01	—	4,420	—	8,840	480,012
Robert Lynch	RSU	2025-03-01	—	—	18,417	—	2,000,086
Katherine Fogertey	RSU	2025-03-01	—	—	3,315	—	360,009
Stephanie Sentell	RSU	2025-03-01	—	—	2,947	—	320,044

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
Robert Lynch	$2,000,086	$3,000,075	$0	60.0%
Katherine Fogertey	360,009	540,068	0	60.0%
Stephanie Sentell	320,044	480,012	0	60.0%

% 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 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Stephanie Sentell	PSU	4,420	—	$358,771
Katherine Fogertey	PSU	7,596	—	616,567
Stephanie Sentell	RSU	9,474	—	769,005
Katherine Fogertey	RSU	17,771	—	1,442,472
Robert Lynch	RSU	41,216	—	3,345,503
Robert Lynch	PSU	98,998	—	8,035,668

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Jeff FlugIndependent · Lead Independent Director · Audit · Compensation	$80,000	$142,565	$0	—	$0	$222,565
Sumaiya BalbaleIndependent · Audit · Compensation (Chair)	17,500	200,073	0	—	0	217,573
Jeffrey LawrenceIndependent · Audit (Chair)	0	205,024	0	—	0	205,024
Joshua SilvermanIndependent · Audit · Nominating and Corporate Governance · Not standing for re-election	15,625	185,093	0	—	0	200,718
Lori GeorgeIndependent · Compensation · Nominating and Corporate Governance (Chair)	67,500	132,536	0	—	0	200,036
Tristan WalkerIndependent · Nominating and Corporate Governance	60,625	125,046	0	—	0	185,671
Daniel MeyerNot independent · Board Chair	0	185,093	0	—	0	185,093
Charles Chapman IIIIndependent · Compensation · Nominating and Corporate Governance	0	185,093	0	—	0	185,093
Anna FielerIndependent · Not standing for re-election · Departed during FY	30,625	0	0	—	0	30,625
Robert LynchEmployee director	0	0	0	—	0	0

Board fee structure and ownership guideline

Annual cash retainer	$60,000
Annual equity retainer	$125,000
Per board meeting fee	—
Committee chair fees (audit / comp / nom-gov)	10,000 / 7,500 / 7,500
Stock ownership guideline	5x annual cash retainer ($300,000)

Total cost of the board

Component	FY2025
Cash retainers and fees	$271,875
Equity awards (grant-date value)	$1,360,523
All other compensation	$0
Total cost of the board	$1,632,398

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Shake Shack as a peer

Companies that benchmark against SHAK

18 companies name SHAK as a compensation peer

The list of companies that name SHAK 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.

BROS Dutch Bros Inc.FWRG First Watch Restaurant Group, Inc.BLMN Bloomin Brands, Inc.EAT Brinker International, Inc.CAVA CAVA Group, Inc.JACK Jack in the Box Inc.SG Sweetgreen, Inc.TXRH Texas Roadhouse, Inc.CAKE The Cheesecake Factory Inc.WING Wingstop Inc.

Peer reciprocity

Of the companies Shake Shack 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.

✓ Dutch Bros Inc. (BROS)³⁷✓ First Watch Restaurant Group, Inc. (FWRG)³⁸✓ Bloomin Brands, Inc. (BLMN)³⁹✓ Brinker International, Inc. (EAT)⁴⁰✓ CAVA Group, Inc. (CAVA)⁴¹ Jack in the Box Inc. (JACK)✓ Sweetgreen, Inc. (SG)⁴²— Texas Roadhouse, Inc. (TXRH)⁴³ The Cheesecake Factory Inc. (CAKE)✓ Wingstop Inc. (WING)⁴⁴

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 Shake Shack 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	Wingstop Inc.	2025	Michael Skipworth	$959,231	$32,590,697	$0	$1,708,800	$35,288,595
2	First Watch Restaurant Group, Inc.	2025	Chris Tomasso	932,793	9,576,365	0	963,610	11,523,150
3	Texas Roadhouse, Inc.	2025	Gerald Morgan	1,356,538	8,410,928	0	909,413	10,822,133
4	Brinker International, Inc.	2026	Kevin Hochman	1,061,731	7,049,883	0	2,543,616	10,679,756
5	The Cheesecake Factory Inc.	2025	David Overton	1,030,000	5,902,124	—	1,445,605	8,419,852
6	Shake Shack Inc.	2025	Robert Lynch	1,000,000	5,000,161	0	1,011,750	7,210,818
7	Dutch Bros Inc.	2025	Christine Barone	850,000	3,931,225	0	1,870,000	6,668,231
8	Bloomin Brands, Inc.	2025	Michael Spanos	1,000,000	3,333,337	0	1,155,000	5,495,861
9	Jack in the Box Inc.	2025	Lance Tucker	624,038	3,636,095	0	310,521	5,271,591
10	Cava Group, Inc.	2025	Brett Schulman	861,538	999,906	1,000,040	982,106	3,859,478
11	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
Shake Shack Inc.	67.5%	PSU 60 · RSU 40	No	Pearl Meyer & Partners
Bloomin Brands, Inc.	66%	PSU 67 · RSU 33	No	FW Cook
Brinker International, Inc.	not disclosed	PSU 60 · RSU 40	Yes — Relative TSR	Pearl Meyer & Partners
Cava Group, Inc.	not disclosed	RSU 50 · PSU 50	not disclosed	Pearl Meyer & Partners, LLC
Dutch Bros Inc.	not disclosed	RSU 50 · PSU 50	not disclosed	Semler Brossy
First Watch Restaurant Group, Inc.	not disclosed	RSU 100	not disclosed	Aon Consulting Inc.
Jack in the Box Inc.	47.6%	PSU 50 · RSU 50	No	Meridian Compensation Partners
Sweetgreen, Inc.	not disclosed	not disclosed	not disclosed	Semler Brossy
Texas Roadhouse, Inc.	65%	not disclosed	No	FW Cook
The Cheesecake Factory Inc.	100.25%	PSU 50 · RSU 50	No	FW Cook
Wingstop Inc.	142%	PRSU 60 · RSU 40	No	FW Cook

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	30,006,376	2,026,149	50,564	93.67%	Passed
2025	2025-06-04	31,508,136	1,494,774	138,790	95.47%	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	93.67%^a
2025	2025-06-04	95.47%^b

a. Voting standard not stated in the filing.

b. 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.

CEO pay ratio

Ratio (CEO : median employee)	323 : 1
CEO total compensation	$7,210,818
Median employee compensation	$22,312

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (44 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, Robert Lynch. DEF 14A, filed 2026-04-29. Section “Summary Compensation” · page 37. As printed: 7,210,818. View filing ↗
Section 01, Katherine Fogertey. DEF 14A, filed 2026-04-29. Section “Summary Compensation”. As printed: 1,941,582. View filing ↗
Section 01, Stephanie Sentell. DEF 14A, filed 2026-04-29. Section “Summary Compensation”. As printed: 1,718,346. View filing ↗
Section 03, Robert Lynch PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Katherine Fogertey PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Stephanie Sentell PSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Robert Lynch RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Katherine Fogertey RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 03, Stephanie Sentell RSU. DEF 14A, filed 2026-04-29. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-29. Section “CEO Pay Ratio”. As printed: 323 : 1. View filing ↗
Section 08, Jeff Flug. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 222,565. View filing ↗
Section 08, Sumaiya Balbale. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 217,573. View filing ↗
Section 08, Jeffrey Lawrence. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 205,024. View filing ↗
Section 08, Joshua Silverman. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 200,718. View filing ↗
Section 08, Lori George. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 200,036. View filing ↗
Section 08, Tristan Walker. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 185,671. View filing ↗
Section 08, Daniel Meyer. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 185,093. View filing ↗
Section 08, Charles Chapman III. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 185,093. View filing ↗
Section 08, Anna Fieler. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 30,625. View filing ↗
Section 08, Robert Lynch. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-06-11. Item 5.07 · say-on-pay result. As reported: 93.67% (votes for as printed: 30,006,376). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-06-04. Item 5.07 · say-on-pay result. As reported: 95.47% (votes for as printed: 31,508,136). 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 271,875 + equity 1,360,523 + all other 0 = 1,632,398, summed across the director compensation table rows.
Wingstop Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Wingstop Inc.'s own proxy. As printed: 35,288,595. View filing ↗
First Watch Restaurant Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in First Watch Restaurant Group, Inc.'s own proxy. As printed: 11,523,150. 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 ↗
Brinker International, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-25. CEO total compensation as printed in Brinker International, Inc.'s own proxy. As printed: 10,679,756. View filing ↗
The Cheesecake Factory Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in The Cheesecake Factory Inc.'s own proxy. As printed: 8,419,852. View filing ↗
Shake Shack Inc. (subject), 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 ↗
Cava Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Cava Group, Inc.'s own proxy. As printed: 3,859,478. 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, Dutch Bros Inc. reciprocity. DEF 14A. Dutch Bros Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, First Watch Restaurant Group, Inc. reciprocity. DEF 14A. First Watch Restaurant Group, Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Bloomin Brands, Inc. reciprocity. DEF 14A. Bloomin Brands, Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Brinker International, Inc. reciprocity. DEF 14A. Brinker International, Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, CAVA Group, Inc. reciprocity. DEF 14A. CAVA Group, Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Sweetgreen, Inc. reciprocity. DEF 14A. Sweetgreen, Inc. names Shake Shack 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 Shake Shack Inc.. View filing ↗
Section 10a, Wingstop Inc. reciprocity. DEF 14A. Wingstop Inc. names Shake Shack Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗