Companies Orion Group Holdings
Orion (ORN): executive pay, fiscal 2025
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CEO pay, last three years
- $2,427,710FY2023
- $3,608,632FY2024
- $3,729,160FY2025
CEO total pay was $3,729,160 in fiscal 2025, up from $3,608,632 in fiscal 2024.
FY2025: salary $840,000 · bonus $0 · stock awards $1,951,280 · 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 |
|---|---|---|---|---|---|---|---|---|
| Travis Boone | $840,000 | $0 | $1,951,280 | $0 | $891,240 | $0 | $46,640 | $3,729,160 |
| President and Chief Executive Officer | ||||||||
| E. Chipman Earle | 435,000 | 50,000 | 591,297 | 0 | 276,921 | 0 | 46,640 | 1,399,858 |
| Executive Vice President, General Counsel, Chief Administrative Officer, Chief Compliance Officer and Corporate Secretary | ||||||||
| G. Scott Thanisch | 251,538 | 0 | 709,557 | 0 | 0 | 0 | 239,443 | 1,200,538 |
| Former Executive Vice President, Chief Financial Officer and Treasurer | ||||||||
| Alison Vasquez | 225,000 | 50,000 | 253,724 | 0 | 188,364 | 0 | 23,250 | 740,338 |
| Executive Vice President and 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 |
|---|---|---|---|---|
| Travis Boone | $3,729,160 | $3,608,632 | $2,427,710 | ↑ +120,528 |
| E. Chipman Earle | 1,399,858 | 1,124,198 | 334,119 | ↑ +275,660 |
| G. Scott Thanisch | 1,200,538 | 1,503,780 | 1,081,179 | ↓ −303,242 |
| Alison Vasquez | 740,338 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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 |
|---|---|---|---|---|---|---|---|
| Alison Vasquez | RSU | 2025-06-23 | — | — | 28,637 | — | $253,724 |
| E. Chipman Earle | PSU | 2025-03-20 | 26,643 | 53,286 | — | 106,572 | 382,061 |
| G. Scott Thanisch | RSU | 2025-03-20 | — | — | 42,629 | — | 251,085 |
| G. Scott Thanisch | PSU | 2025-03-20 | 31,972 | 63,943 | — | 127,886 | 458,472 |
| Travis Boone | RSU | 2025-03-20 | — | — | 117,229 | — | 690,479 |
| Travis Boone | PSU | 2025-03-20 | 87,922 | 175,844 | — | 351,688 | 1,260,801 |
| E. Chipman Earle | RSU | 2025-03-20 | — | — | 35,524 | — | 209,236 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Alison Vasquez | $253,724 | $0 | $0 | 0.0% |
| E. Chipman Earle | 209,236 | 382,061 | 0 | 64.6% |
| G. Scott Thanisch | 251,085 | 458,472 | 0 | 64.6% |
| Travis Boone | 690,479 | 1,260,801 | 0 | 64.6% |
% 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 |
|---|---|---|---|---|
| E. Chipman Earle | RSU | 20,533 | — | $204,098 |
| Alison Vasquez | RSU | 28,637 | — | 284,652 |
| E. Chipman Earle | RSU | 35,524 | — | 353,109 |
| E. Chipman Earle | PSU | 41,068 | — | 408,216 |
| E. Chipman Earle | PSU | 53,286 | — | 529,663 |
| Travis Boone | RSU | 53,534 | — | 532,128 |
| Travis Boone | RSU | 117,229 | — | 1,165,256 |
| Travis Boone | PSU | 120,453 | — | 1,197,303 |
| Travis Boone | PSU | 175,844 | — | 1,747,889 |
| Travis Boone | PSU | 241,636 | — | 2,401,862 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Austin J. ShanfelterIndependent · Board Chair · Compensation · Nominating and Governance | $190,000 | $100,000 | — | — | — | $290,000 |
| Margaret M. ForanIndependent · Compensation · Nominating & Governance (Chair) | 105,000 | 100,000 | — | — | — | 205,000 |
| Mary E. SullivanIndependent · Audit (Chair) · Nominating/Governance | 105,000 | 100,000 | — | — | — | 205,000 |
| Quentin P. Smith JrIndependent · Compensation · Audit | 100,591 | 100,000 | — | — | — | 200,591 |
| Thomas N. AmonettIndependent · Audit · Nominating/Governance | 94,409 | 100,000 | — | — | — | 194,409 |
| Michael J. CalielIndependent · Compensation · Audit | 90,000 | 100,000 | — | — | — | 190,000 |
| Robert S. LedfordIndependent · Compensation · Audit · Newly elected | 10,516 | 48,218 | — | — | — | 58,734 |
| Travis J. BooneEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 15,000 / 15,000 |
| Stock ownership guideline | $3 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $695,516 |
| Equity awards (grant-date value) | $648,218 |
| All other compensation | $0 |
| Total cost of the board | $1,343,734 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Orion as a peer
Companies that benchmark against ORN
No companies currently name ORN as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | Granite Construction Incorporated | 2025 | Kyle Larkin | $1,000,000 | $7,178,777 | $0 | $1,612,935 | $9,861,425 |
| 2 | Sterling Infrastructure, Inc. | 2025 | Joseph Cutillo | 1,100,000 | 4,675,000 | 0 | 2,530,000 | 8,414,685 |
| 3 | Dycom Industries, Inc. | 2026 | Daniel Peyovich | 1,176,259 | 3,762,642 | 0 | 3,058,273 | 8,011,338 |
| 4 | Matrix Service Company | 2026 | John Hewitt | 800,000 | 3,981,443 | 0 | 291,478 | 6,741,465 |
| 5 | MYR Group | 2025 | Richard Swartz | 941,461 | 3,837,846 | 0 | 1,572,514 | 6,387,221 |
| 6 | IES Holdings, Inc. | 2025 | Matthew Simmes | 793,750 | 772,182 | 0 | 4,632,012 | 6,203,398 |
| 7 | Construction Partners, Inc. | 2025 | Jeffrey Thiede | 850,000 | 2,014,001 | 0 | 1,870,000 | 4,862,601 |
| 8 | Great Lakes Dredge & Dock | 2024 | Lasse Petterson | 816,400 | 2,041,010 | 0 | 1,632,800 | 4,570,358 |
| 9 | Orion Group Holdings | 2025 | Travis Boone | 840,000 | 1,951,280 | 0 | 891,240 | 3,729,160 |
| 10 | Nwpx Infrastructure, Inc. | 2025 | Scott Montross | 732,182 | 1,280,061 | 0 | 1,464,364 | 3,492,930 |
| 11 | Limbach Holdings, Inc. | 2025 | Michael McCann | 800,000 | 1,192,150 | 0 | 741,306 | 2,759,456 |
| 12 | Argan Inc. | 2026 | David Watson | 500,000 | 1,547,260 | 86,500 | 0 | 2,668,098 |
| 13 | Primoris Services Corporation | 2025 | Koti Vadlamudi | 115,385 | 900,104 | 0 | 0 | 2,176,941 |
| 14 | Concrete Pumping Holdings, Inc. | 2025 | Bruce Young | 623,145 | 765,374 | 0 | 301,000 | 1,722,587 |
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 |
|---|---|---|---|---|
| Orion Group Holdings | not disclosed | PSU 60 · Restricted Shares 40 | not disclosed | Meridian Compensation Partners |
| Argan Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Concrete Pumping Holdings, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Construction Partners, Inc. | 200% | PSU 60 · RSU 40 | No | Meridian |
| Dycom Industries, Inc. | 226% | PSU 50 · RSU 50 | No | Not disclosed |
| Granite Construction Incorporated | 134% | PSU 75 · RSU 25 | Yes — Relative TSR | FW Cook |
| Great Lakes Dredge & Dock | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer |
| IES Holdings, Inc. | not disclosed | PSU 67 · RSU 33 | No | Mercer US, Inc. |
| Limbach Holdings, Inc. | not disclosed | PRSU 67 · RSU 33 | not disclosed | CAP |
| Matrix Service Company | not disclosed | RSU 50 · PSU 50 | No | Pay Governance |
| MYR Group | 165.5% | PSU 70 · RSU 30 | Yes — TSR | Mercer |
| Nwpx Infrastructure, Inc. | not disclosed | PSU 75 · RSU 25 | not disclosed | Willis Towers Watson |
| Primoris Services Corporation | 190% | PSU 65 · RSU 35 | No | Meridian Compensation Partners |
| Sterling Infrastructure, Inc. | not disclosed | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (TSR) | 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 | 2026-05-19 | 29,338,341 | 437,753 | 16,304 | 98.53% | Passed |
| 2025 | 2025-05-15 | 26,029,427 | 1,465,950 | 215,429 | 93.93% | Passed |
| 2024 | 2024-05-16 | 19,757,309 | 490,426 | 27,099 | 97.45% | Passed |
| 2023 | 2023-05-18 | 15,204,053 | 3,642,572 | 50,734 | 80.46% | Passed |
| 2022 | 2022-05-19 | 16,211,796 | 2,095,017 | 62,733 | 88.25% | Passed |
| 2021 | 2021-05-20 | 17,713,811 | 565,260 | 313,183 | 95.28% | 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 | 2026-05-19 | 98.53%a |
| 2025 | 2025-05-15 | 93.93%b |
| 2024 | 2024-05-16 | 97.45%c |
a. Approved under the standard stated in the filing — “Any other matter properly brought before the Annual Meeting other than those described above will be decided by the affirmative vote of a majority of the total voting power of the stock present in person (including by means of remote communication, if any) or represented by proxy and entitled to vote on such matter at the meeting, unless a different vote is required by statute, NYSE listing standards, or our Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws.”.
b. Approved under the standard stated in the filing — “Any other matter properly brought before the Annual Meeting other than those described above will be decided by the affirmative vote of a majority of the total voting power of the stock present in person (including by means of remote communication, if any) or represented by proxy and entitled to vote on such matter at the meeting, unless a different vote is required by statute, NYSE listing standards, or our Amended and Restated Certificate of Incorporation or Amended and Restated Bylaws.”.
c. Approved under the standard stated in the filing — “Approval of the proposed amendment to the 2022 LTIP requires the affirmative vote of the holders of a majority of the shares of common stock present, present virtually, or represented by proxy. || Abstentions: Abstentions will be counted as votes against this proposal and broker non-votes will have no effect on this proposal.”.
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) | 50 : 1 |
|---|---|
| CEO total compensation | $3,729,160 |
| Median employee compensation | $74,579 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (40 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, Travis Boone. DEF 14A, filed 2026-04-01. Section “SUMMARY COMPENSATION TABLE” · page 51. As printed: 3,729,160. View filing ↗
- Section 01, E. Chipman Earle. DEF 14A, filed 2026-04-01. Section “SUMMARY COMPENSATION TABLE” · page 51. As printed: 1,399,858. View filing ↗
- Section 01, G. Scott Thanisch. DEF 14A, filed 2026-04-01. Section “SUMMARY COMPENSATION TABLE” · page 51. As printed: 1,200,538. View filing ↗
- Section 01, Alison Vasquez. DEF 14A, filed 2026-04-01. Section “SUMMARY COMPENSATION TABLE” · page 51. As printed: 740,338. View filing ↗
- Section 03, Alison Vasquez RSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, E. Chipman Earle PSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, G. Scott Thanisch RSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, G. Scott Thanisch PSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Travis Boone RSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Travis Boone PSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, E. Chipman Earle RSU. DEF 14A, filed 2026-04-01. Section “GRANTS OF PLAN BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-01. Section “CEO Pay Ratio”. As printed: 50 : 1. View filing ↗
- Section 08, Austin J. Shanfelter. DEF 14A. Section “Director Compensation”. As printed: 290,000.
- Section 08, Margaret M. Foran. DEF 14A. Section “Director Compensation”. As printed: 205,000.
- Section 08, Mary E. Sullivan. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 205,000. View filing ↗
- Section 08, Quentin P. Smith Jr. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 200,591. View filing ↗
- Section 08, Thomas N. Amonett. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 194,409. View filing ↗
- Section 08, Michael J. Caliel. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 190,000. View filing ↗
- Section 08, Robert S. Ledford. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 58,734. View filing ↗
- Section 08, Travis J. Boone. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-20. Item 5.07 · say-on-pay result. As reported: 98.53% (votes for as printed: 29,338,341). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 93.93% (votes for as printed: 26,029,427). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-17. Item 5.07 · say-on-pay result. As reported: 97.45% (votes for as printed: 19,757,309). 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 695,516 + equity 648,218 + all other 0 = 1,343,734, summed across the director compensation table rows.
- Granite Construction Incorporated, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Granite Construction Incorporated's own proxy. As printed: 9,861,425. View filing ↗
- Sterling Infrastructure, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Sterling Infrastructure, Inc.'s own proxy. As printed: 8,414,685. View filing ↗
- Dycom Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Dycom Industries, Inc.'s own proxy. As printed: 8,011,338. View filing ↗
- Matrix Service Company, Section 10b CEO total. DEF 14A, filed 2026-09-23. CEO total compensation as printed in Matrix Service Company's own proxy. As printed: 6,741,465. View filing ↗
- MYR Group, Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in MYR Group's own proxy. As printed: 6,387,221. View filing ↗
- IES Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-07. CEO total compensation as printed in IES Holdings, Inc.'s own proxy. As printed: 6,203,398. View filing ↗
- Construction Partners, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Construction Partners, Inc.'s own proxy. As printed: 4,862,601. View filing ↗
- Great Lakes Dredge & Dock, Section 10b CEO total. DEF 14A, filed 2025-03-26. CEO total compensation as printed in Great Lakes Dredge & Dock's own proxy. As printed: 4,570,358. View filing ↗
- Orion Group Holdings (subject), Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Orion Group Holdings's own proxy. As printed: 3,729,160. View filing ↗
- Nwpx Infrastructure, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Nwpx Infrastructure, Inc.'s own proxy. As printed: 3,492,930. View filing ↗
- Limbach Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Limbach Holdings, Inc.'s own proxy. As printed: 2,759,456. View filing ↗
- Argan Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Argan Inc.'s own proxy. As printed: 2,668,098. View filing ↗
- Primoris Services Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Primoris Services Corporation's own proxy. As printed: 2,176,941. View filing ↗
- Concrete Pumping Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-02-25. CEO total compensation as printed in Concrete Pumping Holdings, Inc.'s own proxy. As printed: 1,722,587. View filing ↗