Companies Universal Technical Institute
Universal Technical Institute (UTI): executive pay, fiscal 2025
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CEO pay, last three years
- $2,971,390FY2023
- $3,491,248FY2024
- $5,149,264FY2025
CEO total pay was $5,149,264 in fiscal 2025, up from $3,491,248 in fiscal 2024.
FY2025: salary $723,077 · bonus $0 · stock awards $3,506,070 · 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 |
|---|---|---|---|---|---|---|---|---|
| Jerome Grant | $723,077 | $0 | $3,506,070 | $0 | $874,923 | $0 | $45,195 | $5,149,264 |
| Chief Executive Officer | ||||||||
| Todd Hitchcock | 473,077 | 0 | 959,772 | 0 | 372,075 | 0 | 32,735 | 1,837,659 |
| Executive Vice President, Chief Operating Officer | ||||||||
| Bruce Schuman | 246,635 | 0 | 979,410 | 0 | 373,588 | 0 | 23,302 | 1,622,934 |
| Executive Vice President, Chief Financial Officer | ||||||||
| Christopher Kevane | 421,923 | 0 | 599,851 | 0 | 331,843 | 0 | 44,260 | 1,397,876 |
| Executive Vice President, Chief Legal Officer | ||||||||
| Christine Kline | 367,308 | 0 | 599,851 | 0 | 363,477 | 0 | 23,079 | 1,353,715 |
| Senior Vice President, Chief Accounting Officer | ||||||||
| Sherrell Smith | 408,000 | 0 | 479,886 | 0 | 320,892 | 0 | 32,596 | 1,241,373 |
| Executive Vice President, Chief Academic Officer | ||||||||
| Troy Anderson | 25,962 | 0 | 0 | 0 | 0 | 0 | 1,643 | 27,605 |
| Former Executive Vice President 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 |
|---|---|---|---|---|
| Jerome Grant | $5,149,264 | $3,491,248 | $2,971,390 | ↑ +1,658,016 |
| Todd Hitchcock | 1,837,659 | 1,135,562 | 1,028,605 | ↑ +702,097 |
| Bruce Schuman | 1,622,934 | — | — | — |
| Christopher Kevane | 1,397,876 | 1,144,640 | 1,036,439 | ↑ +253,236 |
| Christine Kline | 1,353,715 | — | — | — |
| Sherrell Smith | 1,241,373 | 1,152,587 | 1,110,647 | ↑ +88,786 |
| Troy Anderson | 27,605 | 1,226,139 | 1,488,986 | ↓ −1,198,534 |
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 executive compensation program is designed to align the interests of executives with those of stockholders by providing a substantial majority of pay as 'at-risk' compensation tied to financial and stock price performance. The program aims to attract and retain top talent, reward the achievement of short-term and long-term strategic objectives, and discourage undue risk-taking.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
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 |
|---|---|---|---|---|---|---|---|
| Bruce Schuman | PSU | 2025-03-17 | 6,334 | 12,668 | — | 19,002 | $342,796 |
| Christopher Kevane | RSU | 2024-12-09 | — | — | 11,693 | — | 299,925 |
| Todd Hitchcock | RSU | 2024-12-09 | — | — | 18,709 | — | 479,886 |
| Jerome Grant | PSU | 2024-12-12 | 33,648 | 67,295 | — | 100,943 | 1,753,035 |
| Todd Hitchcock | PSU | 2024-12-09 | 9,355 | 18,709 | — | 28,064 | 479,886 |
| Jerome Grant | RSU | 2024-12-12 | — | — | 67,295 | — | 1,753,035 |
| Bruce Schuman | RSU | 2025-03-17 | — | — | 23,526 | — | 636,614 |
| Sherrell Smith | PSU | 2024-12-09 | 4,677 | 9,354 | — | 14,031 | 239,930 |
| Christine Kline | RSU | 2024-12-09 | — | — | 23,386 | — | 599,851 |
| Sherrell Smith | RSU | 2024-12-09 | — | — | 9,355 | — | 239,956 |
| Christopher Kevane | PSU | 2024-12-09 | 5,847 | 11,693 | — | 17,540 | 299,925 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Bruce Schuman | $636,614 | $342,796 | $0 | 35.0% |
| Christopher Kevane | 299,925 | 299,925 | 0 | 50.0% |
| Todd Hitchcock | 479,886 | 479,886 | 0 | 50.0% |
| Jerome Grant | 1,753,035 | 1,753,035 | 0 | 50.0% |
| Sherrell Smith | 239,956 | 239,930 | 0 | 50.0% |
| Christine Kline | 599,851 | 0 | 0 | 0.0% |
% 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 |
|---|---|---|---|---|
| Christine Kline | PSU | 3,134 | — | $102,012 |
| Bruce Schuman | PSU | 12,668 | — | 412,343 |
| Bruce Schuman | RSU | 23,526 | — | 765,771 |
| Christine Kline | RSU | 27,937 | — | 909,349 |
| Christopher Kevane | RSU | 32,014 | — | 1,042,056 |
| Sherrell Smith | RSU | 32,045 | — | 1,043,065 |
| Todd Hitchcock | RSU | 39,265 | — | 1,278,076 |
| Christopher Kevane | PSU | 50,373 | — | 1,639,641 |
| Sherrell Smith | PSU | 51,516 | — | 1,676,846 |
| Todd Hitchcock | PSU | 57,389 | — | 1,868,012 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Robert T. DeVincenziIndependent · Board Chair · Audit · Nominating and Corporate Governance · Strategic Opportunities | $189,000 | $125,000 | $0 | $0 | $0 | $314,000 |
| Kenneth R. TrammellIndependent · Audit · Strategic Opportunities | 90,000 | 125,000 | 0 | 0 | 0 | 215,000 |
| Linda J. SrereIndependent · Compensation · Nominating and Corporate Governance · Strategic Opportunities | 83,000 | 125,000 | 0 | 0 | 0 | 208,000 |
| William J. Lennox, JrIndependent · Compensation · Government Affairs and Public Policy | 81,000 | 125,000 | 0 | 0 | 0 | 206,000 |
| George W. BrochickIndependent · Audit · Government Affairs and Public Policy · Nominating and Corporate Governance | 72,000 | 125,000 | 0 | 0 | 0 | 197,000 |
| Shannon L. OkinakaIndependent · Audit | 58,000 | 125,000 | 0 | 0 | 0 | 183,000 |
| Loretta L. SanchezIndependent · Government Affairs and Public Policy | 58,000 | 125,000 | 0 | 0 | 0 | 183,000 |
| Christopher S. ShackeltonIndependent · Strategic Opportunities | 50,000 | 0 | 0 | 0 | 125,000 | 175,000 |
| Michael A. SlubowskiIndependent · Compensation | 55,000 | 80,000 | 0 | 0 | 0 | 135,000 |
| Jerome A. GrantEmployee director | 0 | 0 | 0 | 0 | 0 | 0 |
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) | 25,000 / 15,000 / 12,000 |
| Stock ownership guideline | our stock ownership guidelines require our NEOs and directors to own meaningful levels of our stock |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $736,000 |
| Equity awards (grant-date value) | $955,000 |
| All other compensation | $125,000 |
| Total cost of the board | $1,816,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Universal Technical Institute as a peer
Companies that benchmark against UTI
4 companies name UTI as a compensation peer
The list of companies that name UTI 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.
Peer reciprocity
Of the companies Universal Technical Institute 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 Universal Technical Institute.
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 | Universal Technical Institute | 2025 | Jerome Grant | $723,077 | $3,506,070 | $0 | $874,923 | $5,149,264 |
| — | Perdoceo Education Corp. | — | — | — | — | — | — | not in coverage universe |
| — | American Public Education, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Adtalem Global Education, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Udemy, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Grand Canyon Education, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Laureate Education, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Coursera, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Chegg, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Lincoln Educational Services Corp. | — | — | — | — | — | — | not in coverage universe |
| — | Strategic Education, Inc. | — | — | — | — | — | — | 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 |
|---|---|---|---|---|
| Universal Technical Institute | not disclosed | not disclosed | not disclosed | not disclosed |
| Adtalem Global Education, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| American Public Education, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Chegg, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Coursera, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Grand Canyon Education, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Laureate Education, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Lincoln Educational Services Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Perdoceo Education Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Strategic Education, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Udemy, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
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 | 2026-03-12 | 43,438,346 | 369,885 | 27,130 | 99.16% | Passed |
| 2025 | 2025-03-06 | 41,838,139 | 880,804 | 186,780 | 97.94% | Passed |
| 2024 | 2024-03-07 | 42,577,961 | 478,785 | 308,379 | 98.89% | Passed |
| 2023 | 2023-03-02 | 22,390,700 | 2,636,624 | 23,420 | 89.47% | Passed |
| 2020 | 2020-02-27 | 18,437,990 | 141,942 | 12,437 | 99.17% | Passed |
| 2017 | 2017-03-01 | 15,684,681 | 4,333,568 | 16,019 | 78.29% | 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 | 2026-03-12 | 99.16%a |
| 2025 | 2025-03-06 | 97.94%b |
| 2024 | 2024-03-07 | 98.89%c |
a. Approved under the standard stated in the filing — “Accordingly, abstentions will have no effect on the election of a director.”.
b. Approved under the standard stated in the filing — “Accordingly, abstentions will have no effect on the election of a director.”.
c. Approved under the standard stated in the filing — “Accordingly, abstentions will have no effect on the election of a director.”.
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) | 67 : 1 |
|---|---|
| CEO total compensation | $5,149,264 |
| Median employee compensation | $76,806 |
Insider trades since the proxy
Equity transactions since the proxy statement are temporarily unavailable — recheck shortly.
Sources (36 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, Jerome Grant. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · page 49. As printed: 5,149,264. View filing ↗
- Section 01, Todd Hitchcock. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 1,837,659. View filing ↗
- Section 01, Bruce Schuman. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 1,622,934. View filing ↗
- Section 01, Christopher Kevane. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 1,397,876. View filing ↗
- Section 01, Christine Kline. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 1,353,715. View filing ↗
- Section 01, Sherrell Smith. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 1,241,373. View filing ↗
- Section 01, Troy Anderson. DEF 14A, filed 2026-01-20. Section “Executive Compensation”. As printed: 27,605. View filing ↗
- Section 03, Bruce Schuman PSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Kevane RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Todd Hitchcock RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jerome Grant PSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Todd Hitchcock PSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jerome Grant RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Bruce Schuman RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Sherrell Smith PSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christine Kline RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Sherrell Smith RSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Christopher Kevane PSU. DEF 14A, filed 2026-01-20. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-01-20. Section “CEO Pay Ratio”. As printed: 67 : 1. View filing ↗
- Section 08, Robert T. DeVincenzi. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 314,000. View filing ↗
- Section 08, Kenneth R. Trammell. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 215,000. View filing ↗
- Section 08, Linda J. Srere. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 208,000. View filing ↗
- Section 08, William J. Lennox, Jr. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 206,000. View filing ↗
- Section 08, George W. Brochick. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 197,000. View filing ↗
- Section 08, Shannon L. Okinaka. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 183,000. View filing ↗
- Section 08, Loretta L. Sanchez. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 183,000. View filing ↗
- Section 08, Christopher S. Shackelton. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Michael A. Slubowski. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 135,000. View filing ↗
- Section 08, Jerome A. Grant. DEF 14A, filed 2026-01-20. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-03-18. Item 5.07 · say-on-pay result. As reported: 99.16% (votes for as printed: 43,438,346). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-03-11. Item 5.07 · say-on-pay result. As reported: 97.94% (votes for as printed: 41,838,139). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-03-12. Item 5.07 · say-on-pay result. As reported: 98.89% (votes for as printed: 42,577,961). 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 736,000 + equity 955,000 + all other 125,000 = 1,816,000, summed across the director compensation table rows.
- Universal Technical Institute (subject), Section 10b CEO total. DEF 14A, filed 2026-01-20. CEO total compensation as printed in Universal Technical Institute's own proxy. As printed: 5,149,264. View filing ↗