CompBrief BY VELARION

Companies Aaron's Company

Aaron's (AAN): executive pay, fiscal 2023

Free brief. Every figure links to the company’s own filing.

Aaron's Company no longer files a proxy statement; its last pay data is FY2023.

All products and prices

CEO total pay$5,779,365CEO Douglas Lindsay · source
Say-on-pay support84.43%Latest vote · source
CEO vs. named peers25th pct.Of 15 peer CEOs

CEO pay, last three years

  • $5,998,425FY2021
  • $5,908,963FY2022
  • $5,779,365FY2023

CEO total pay was $5,779,365 in fiscal 2023, down from $5,908,963 in fiscal 2022.

FY2023: salary $850,000 · bonus $0 · stock awards $3,121,800 · option awards $647,823

Executives and directors

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Douglas Lindsay$850,000$0$3,121,800$647,823$1,146,300$0$13,442$5,779,365
Chief Executive Officer
Stephen Olsen625,0000835,416173,362644,800013,4392,292,017
President
C. Kelly Wall525,0000549,614114,056358,200013,0101,559,880
Chief Financial Officer
Rachel George500,0000483,675100,371310,500001,394,546
EVP -- General Counsel, Corporate Secretary, Chief Compliance Officer and Chief Corporate Affairs Officer
Russell Falkenstein446,9230280,31458,171296,900012,6051,094,913
EVP - Chief Operating Officer, Lease-to-Own

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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Douglas Lindsay$5,779,365$5,908,963$5,998,425↓ −129,598
Stephen Olsen2,292,0172,130,4612,444,326↑ +161,556
C. Kelly Wall1,559,8801,609,2381,574,576↓ −49,358
Rachel George1,394,5461,431,2761,901,525↓ −36,730
Russell Falkenstein1,094,913———

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 compensation program is designed to attract, motivate, and retain key executives by offering market-competitive pay opportunities with an emphasis on pay for performance. The program emphasizes long-term, equity-based incentives over short-term cash incentives and links a significant portion of NEO compensation to financial, operating, and stock price performance to ensure alignment of pay and performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantExequity
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Stephen OlsenRSU39,584—$430,674
Douglas LindsayRSU88,750—965,600
Douglas LindsayRSU82,760—900,429
C. Kelly WallRSU26,042—283,337
Stephen OlsenRSU23,750—258,400
Stephen OlsenRSU8,860—96,397
Rachel GeorgeRSU22,918—249,348
C. Kelly WallRSU15,625—170,000
C. Kelly WallRSU14,580—158,630
Rachel GeorgeRSU12,840—139,699
Russell FalkensteinRSU7,440—80,947
Stephen OlsenRSU10,200—110,976
Rachel GeorgeRSU8,560—93,133
Stephen OlsenRSU8,000—87,040
C. Kelly WallRSU5,840—63,539
Russell FalkensteinRSU4,960—53,965
Rachel GeorgeRSU4,753—51,713
Russell FalkensteinRSU3,170—34,490
Russell FalkensteinRSU2,980—32,422
C. Kelly WallRSU2,560—27,853
Rachel GeorgeRSU2,430—26,438
Russell FalkensteinRSU1,630—17,734
Douglas LindsayOption141,44612—
Stephen OlsenOption13,42021.45—
Stephen OlsenOption37,85212—
C. Kelly WallOption4,90021.76—
C. Kelly WallOption8,82021.45—
Russell FalkensteinOption4,50021.45—
Rachel GeorgeOption4,65021.76—
Rachel GeorgeOption7,76021.45—
Russell FalkensteinRSU7,969—86,703
Russell FalkensteinOption12,70112—
Stephen OlsenRSU22,160—241,101
Douglas LindsayRSU27,600—300,288
Russell FalkensteinRSU13,282—144,508
Douglas LindsayRSU18,130—197,254
Rachel GeorgeRSU13,750—149,600
Rachel GeorgeRSU5,140—55,923
Douglas LindsayOption34,75021.76—
Douglas LindsayRSU35,462—385,827
C. Kelly WallRSU9,720—105,754
Stephen OlsenRSU4,090—44,499
Rachel GeorgeOption21,91512—
Douglas LindsayRSU147,918—1,609,348
C. Kelly WallOption24,90312—
Stephen OlsenOption7,84021.76—
Russell FalkensteinOption3,12021.76—
Douglas LindsayOption50,10021.45—
C. Kelly WallRSU5,007—54,476
Douglas LindsayRSU33,120—360,346
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
John W. Robinson IIIIndependent$184,626$135,000———$319,626
Hubert L. Harris JrIndependent · Lead Independent Director · Governance142,500135,000———277,500
Kelly H. BarrettIndependent · Audit (Chair) · Compensation · Governance139,110135,000———274,110
Timothy A. JohnsonIndependent · Audit · Compensation (Chair) · Governance120,000135,000———255,000
Walter G. EhmerIndependent · Compensation · Governance117,500135,000———252,500
Laura N. BaileyIndependent · Audit · Governance102,500135,000———237,500
Marvonia P. MooreIndependent · Audit · Governance100,429135,000———235,429
Kristine K. MalkoskiIndependent · Audit · Compensation · Governance · Newly elected26,250135,000———161,250
Wangdali C. BacdayanIndependent · Compensation · Governance · Newly elected24,375135,000———159,375
Douglas A. LindsayEmployee director—————0

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$135,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$320,000

Total cost of the board

ComponentFY2023
Cash retainers and fees$957,290
Equity awards (grant-date value)$1,215,000
All other compensation$0
Total cost of the board$2,172,290

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

Peer group, and who names Aaron's as a peer

Companies that benchmark against AAN

3 companies name AAN as a compensation peer

The list of companies that name AAN as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2023

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 Aaron's Company 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 Aaron's Company.

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Credit Acceptance Corporation2025Vinayak Hegde$147,671$61,633,600$0$0$62,567,647
2FirstCash Holdings, Inc.2025Rick Wessel1,452,9469,706,65404,358,83815,658,761
3OneMain Holdings, Inc.2025Douglas Shulman1,097,3088,190,54204,551,25015,074,230
4Enova International, Inc.2025David Fisher1,030,3854,121,4063,969,3971,519,81511,703,176
5PROG Holdings, Inc.2025Steven Michaels1,000,0007,424,43201,408,5009,880,430
6Sally Beauty Holdings, Inc.2025Denise Paulonis1,229,2316,000,11601,868,4329,112,619
7Encore Capital Group, Inc.2025Ashish Masih923,0054,863,99902,307,4498,106,453
8Big Lots, Inc.2023Bruce Thorn1,223,0775,019,80001,290,2407,755,707
9La-Z-Boy Incorporated2026Melinda Whittington1,063,0004,711,84701,261,7197,295,975
10Aaron's Company2023Douglas Lindsay850,0003,121,800647,8231,146,3005,779,365
11Ollie's Bargain Outlet Holdings, Inc.2025Eric van der Valk771,2501,600,0281,599,9991,025,8185,036,744
12CURO Group Holdings Corp.2022Douglas Clark613,9422,421,890——3,565,298
13Haverty Furniture Companies, Inc.2025Steven Burdette650,0001,072,1920844,3502,635,789
—Sleep Number Corporation——————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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Aaron's Companynot disclosedPSU 50 · RSU 30 · Option 20not disclosedExequity
Big Lots, Inc.not disclosedPSU 33.33 · RSU 33.33 · SVCA 33.33not disclosedMeridian
Credit Acceptance Corporationnot disclosedRSU 100not disclosednot disclosed
CURO Group Holdings Corp.not disclosedPSU 50 · RSU 50not disclosedSemler Brossy Consulting Group, LLC
Encore Capital Group, Inc.200%not disclosedNoFW Cook
Enova International, Inc.142%not disclosednot disclosedWTW
FirstCash Holdings, Inc.300%PSU 50 · RSU 50Yes — Three-year TSR vs. compensation peer groupPay Governance
Haverty Furniture Companies, Inc.not disclosedPRSU 80 · RSU 20not disclosedMeridian Compensation Partners, LLC
La-Z-Boy Incorporatednot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Ollie's Bargain Outlet Holdings, Inc.not disclosednot disclosednot disclosedPearl Meyer
OneMain Holdings, Inc.166%PSU 55 · RSU 45NoMeridian Compensation Partners, LLC
PROG Holdings, Inc.not disclosedPSU 70 · RSU 30Yes — Relative TSRExequity LLP
Sally Beauty Holdings, Inc.95%PSU 50 · RSU 50Yes — rTSRFW Cook
Sleep Number Corporationnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc. (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 yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-1520,283,6143,740,17635,69684.43%Passed
20232023-05-0323,570,5381,006,9611,078,86495.9%Passed
20222022-05-0426,278,867513,20250,61198.08%Passed
20212021-08-2528,216,785810,74121,53297.21%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 yearMeeting dateApproval — company’s computation
20242024-05-1584.43%a
20232023-05-0395.9%b
20222022-05-0498.08%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Any shares that are not voted (whether by abstention or otherwise) will have no impact on the outcome of the vote with respect to this proposal.”.

c. Approved under the standard stated in the filing — “Any shares that are not voted (whether by abstention or otherwise) will have no impact on the outcome of the vote with respect to 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.

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (43 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, Douglas Lindsay. DEF 14A, filed 2024-03-21. Section “2023 Summary Compensation Table” · page 65. As printed: 5,779,365. View filing ↗
  • Section 01, Stephen Olsen. DEF 14A, filed 2024-03-21. Section “2023 Summary Compensation Table” · page 65. As printed: 2,292,017. View filing ↗
  • Section 01, C. Kelly Wall. DEF 14A, filed 2024-03-21. Section “2023 Summary Compensation Table” · page 65. As printed: 1,559,880. View filing ↗
  • Section 01, Rachel George. DEF 14A, filed 2024-03-21. Section “2023 Summary Compensation Table” · page 65. As printed: 1,394,546. View filing ↗
  • Section 01, Russell Falkenstein. DEF 14A, filed 2024-03-21. Section “2023 Summary Compensation Table” · page 65. As printed: 1,094,913. View filing ↗
  • Section 08, John W. Robinson III. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 319,626. View filing ↗
  • Section 08, Hubert L. Harris Jr. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 277,500. View filing ↗
  • Section 08, Kelly H. Barrett. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 274,110. View filing ↗
  • Section 08, Timothy A. Johnson. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 255,000. View filing ↗
  • Section 08, Walter G. Ehmer. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 252,500. View filing ↗
  • Section 08, Laura N. Bailey. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 237,500. View filing ↗
  • Section 08, Marvonia P. Moore. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 235,429. View filing ↗
  • Section 08, Kristine K. Malkoski. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 161,250. View filing ↗
  • Section 08, Wangdali C. Bacdayan. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 159,375. View filing ↗
  • Section 08, Douglas A. Lindsay. DEF 14A, filed 2024-03-21. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-16. Item 5.07 · say-on-pay result. As reported: 84.43% (votes for as printed: 20,283,614). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-04. Item 5.07 · say-on-pay result. As reported: 95.9% (votes for as printed: 23,570,538). View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-05-05. Item 5.07 · say-on-pay result. As reported: 98.08% (votes for as printed: 26,278,867). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 957,290 + equity 1,215,000 + all other 0 = 2,172,290, summed across the director compensation table rows.
  • Credit Acceptance Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Credit Acceptance Corporation's own proxy. As printed: 62,567,647. View filing ↗
  • FirstCash Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in FirstCash Holdings, Inc.'s own proxy. As printed: 15,658,761. View filing ↗
  • OneMain Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in OneMain Holdings, Inc.'s own proxy. As printed: 15,074,230. View filing ↗
  • Enova International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Enova International, Inc.'s own proxy. As printed: 11,703,176. View filing ↗
  • PROG Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in PROG Holdings, Inc.'s own proxy. As printed: 9,880,430. View filing ↗
  • Sally Beauty Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-10. CEO total compensation as printed in Sally Beauty Holdings, Inc.'s own proxy. As printed: 9,112,619. View filing ↗
  • Encore Capital Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Encore Capital Group, Inc.'s own proxy. As printed: 8,106,453. View filing ↗
  • Big Lots, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-19. CEO total compensation as printed in Big Lots, Inc.'s own proxy. As printed: 7,755,707. View filing ↗
  • La-Z-Boy Incorporated, Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in La-Z-Boy Incorporated's own proxy. As printed: 7,295,975. View filing ↗
  • Aaron's Company (subject), Section 10b CEO total. DEF 14A, filed 2024-03-21. CEO total compensation as printed in Aaron's Company's own proxy. As printed: 5,779,365. View filing ↗
  • Ollie's Bargain Outlet Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Ollie's Bargain Outlet Holdings, Inc.'s own proxy. As printed: 5,036,744. View filing ↗
  • CURO Group Holdings Corp., Section 10b CEO total. DEF 14A, filed 2023-04-28. CEO total compensation as printed in CURO Group Holdings Corp.'s own proxy. As printed: 3,565,298. View filing ↗
  • Haverty Furniture Companies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Haverty Furniture Companies, Inc.'s own proxy. As printed: 2,635,789. View filing ↗
  • Section 10a, OneMain Holdings, Inc. reciprocity. DEF 14A. OneMain Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, La-Z-Boy Incorporated reciprocity. DEF 14A. La-Z-Boy Incorporated names Aaron's Company in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Enova International, Inc. reciprocity. DEF 14A. Enova International, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, Big Lots, Inc. reciprocity. DEF 14A. Big Lots, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, Haverty Furniture Companies, Inc. reciprocity. DEF 14A. Haverty Furniture Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, Credit Acceptance Corporation reciprocity. DEF 14A. Credit Acceptance Corporation's most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, PROG Holdings, Inc. reciprocity. DEF 14A. PROG Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, Sally Beauty Holdings, Inc. reciprocity. DEF 14A. Sally Beauty Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, CURO Group Holdings Corp. reciprocity. DEF 14A. CURO Group Holdings Corp.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗
  • Section 10a, Ollie's Bargain Outlet Holdings, Inc. reciprocity. DEF 14A. Ollie's Bargain Outlet Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Aaron's Company. View filing ↗