Companies Shake Shack Inc.
Shake Shack (SHAK): executive pay, fiscal 2025
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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
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 |
|---|---|---|---|---|---|---|---|---|
| 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
- Atlanta Braves Holdings, Inc.BATRKFY2025
- BJs RESTAURANTS INCBJRIFY2026
- Bloomin' Brands, Inc.BLMNFY2025
- BRINKER INTERNATIONAL, INCEATFY2026
- BUILD-A-BEAR WORKSHOP INCBBWFY2026
- CAVA GROUP, INC.CAVAFY2025
- DENNY'S CorpDENNFY2024
- Dine Brands Global, Inc.DINFY2025
- First Watch Restaurant Group, Inc.FWRGFY2025
- JACK IN THE BOX INCJACKFY2025
- Krispy Kreme, Inc.DNUTFY2025
- KURA SUSHI USA, INC.KRUSFY2025
- PAPA JOHNS INTERNATIONAL INCPZZAFY2025
- Planet Fitness, Inc.PLNTFY2025
- Portillo's Inc.PTLOFY2025
- Savers Value Village, Inc.SVVFY2025
- Sweetgreen, Inc.SGFY2025
- Wingstop Inc.WINGFY2025
Each company listed discloses SHAK 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 SHAK 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.
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.
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 ↗