Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-04-30

PlayAGS (AGS)

Fiscal year 2023 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,620,645
David Lopez total, FY2023
78th
CEO pay percentile vs peers
CEO-to-median pay ratio
36.44%
Say-on-pay support, latest vote
Companies that benchmark against AGS
3 companies name AGS as a compensation peer

Each company listed discloses AGS 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 AGS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Lopez$728,269$0$4,081,597$0$793,800$0$16,979$5,620,645
Chief Executive Officer, President and Director
Kimo Akiona363,55802,250,8990399,600014,8533,028,910
Chief Financial Officer and Treasurer
Rob Ziems334,423150,000739,9990299,700011,1311,535,253
Chief Legal Officer and Secretary

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 FY20222023
David Lopez$5,620,645
Kimo Akiona3,028,910
Rob Ziems1,535,253

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David LopezOTHER$4,081,597
Kimo AkionaOTHER2,250,899
Rob ZiemsOTHER739,999
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David LopezRSU551,269$4,647,198
Rob ZiemsRSU113,323955,313
David LopezRSU825,0726,955,357
Kimo AkionaOption09.42
Kimo AkionaRSU435,3563,670,051
Kimo AkionaRSU307,7272,594,139
David LopezOption06.43
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's goal for its executive compensation program is to utilize a pay-for-performance framework that directly ties pay delivery to achievement of the Company's financial and strategic objectives and the creation of long-term shareholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-07-078,179,84314,245,05919,81436.44%Failed
20222022-07-0125,725,8694,874,48015,11484.03%Passed
20212021-07-0123,130,8444,351,69321,31484.1%Passed
20202020-07-0126,771,198828,45141,83396.85%Passed
20192019-09-1024,634,5774,895,392149,45483%Passed
20182018-09-1932,461,727296,2988,24899.1%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
20232023-07-0736.44%a
20222022-07-0184.03%b
20212021-07-0184.1%c

a. Approved under the standard stated in the filing — “However, abstentions will have the effect of votes "against" (i) the proposal to approve, on an advisory basis, the compensation of the Company's NEOs (Proposal 2), and (ii) the proposal to ratify the appointment of PwC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023 (Proposal 3).”.

b. Approved under the standard stated in the filing — “However, abstentions will have the effect of votes "against" (i) the proposal to approve, on an advisory basis, the compensation of the Company's NEOs (Proposal 2), (ii) the proposal to approve the amendment to the Omnibus Incentive Plan (Proposal 3), and (iii) the proposal to ratify the appointment of PwC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2022 (Proposal 4).”.

c. Approved under the standard stated in the filing — “However, abstentions will have the effect of votes "against" (i) the proposal to approve, on an advisory basis, the compensation of the Company's NEOs (Proposal 2), and (ii) the proposal to ratify the appointment of PwC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2021 (Proposal 3).”.

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.

08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Adam ChibibIndependent · Board Chair · Audit (Chair) · Compensation$100,000$112,500$0$0$0$212,500
Anna MassionIndependent · Audit · Nominating/Governance (Chair)75,00075,000000150,000
David FarahiIndependent · Audit · Compensation · Nominating/Governance75,00075,000000150,000
Geoff FreemanIndependent · Audit · Compensation (Chair) · Nominating/Governance75,00075,000000150,000
Yvette LandauIndependent · Audit · Compensation · Nominating/Governance75,00075,000000150,000
David LopezEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$75,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 0 / 0
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$400,000
Equity awards (grant-date value)$412,500
All other compensation$0
Total cost of the board$812,500

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

10

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.

10a

Peer reciprocity

Of the companies PlayAGS 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 PlayAGS.

10b

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
1Bally's Corporation2025Robeson Reeves$1,138,501$590,012$5,003,460$0$8,658,602
2Rush Street Interactive2025Richard Schwartz653,8004,135,6851,089,6681,053,6506,946,803
3PlayAGS2023David Lopez728,2694,081,5970793,8005,620,645
4Golden Entertainment, Inc.2024Blake Sartini1,050,0004,025,075005,404,137
5Monarch Casino & Resort, Inc.2025John Farahi750,00002,629,081225,0003,610,936
6Accel Entertainment, Inc.2025Andrew Rubenstein948,1251,760,6800828,5003,571,551
7Everi Holdings, Inc.2024Randy Taylor730,0002,399,880003,160,492
8Inspired Entertainment, Inc.2025Brooks Pierce650,0001,240,1370770,9522,759,378
9Full House Resorts, Inc.2025Daniel Lee654,936350,000349,97101,702,637
10Century Casinos, Inc.2025Peter Hoetzinger684,071145,0300277,8811,197,668
GAN Limitednot in coverage universe
Bragg Gamingnot 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PlayAGS108%RSU 50 · PSU 50NoFrederic W. Cook & Co., Inc.
Accel Entertainment, Inc.87.4%PSU 60 · RSU 40NoAon
Bally's Corporationnot disclosednot disclosedNonot disclosed
Bragg Gamingnot disclosednot disclosednot disclosednot disclosed
Century Casinos, Inc.51.9%PSU 100Yesnot disclosed
Everi Holdings, Inc.0%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR) relative to Russell 3000 IndexMercer (wholly owned subsidiary of Marsh & McLennan Companies, Inc.)
Full House Resorts, Inc.40%PSU 50 · Options 50NoAETHOS
GAN Limitednot disclosednot disclosednot disclosednot disclosed
Golden Entertainment, Inc.0%%RSU 50 · PSU 50NoAon's Human Capital Solutions practice
Inspired Entertainment, Inc.not disclosedRSU 50 · PSU 50NoFrederic W. Cook & Co., Inc.
Monarch Casino & Resort, Inc.150%Options 100not disclosednot disclosed
Rush Street Interactive144.8%PSU 50 · RSU 30 · Options 20Yes — Relative TSRnot 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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David LopezDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE” · page 23. As printed: 5,620,645. Filing ↗machine: t73 · r1 · c22 · span 343366–343375
2Section 01, Kimo AkionaDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE” · page 23. As printed: 3,028,910. Filing ↗machine: t73 · r4 · c22 · span 351338–351347
3Section 01, Rob ZiemsDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE” · page 23. As printed: 1,535,253. Filing ↗machine: t73 · r7 · c22 · span 359294–359303
4Section 03, David Lopez OTHERDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t73 · r1 · c10 · span 341798–341807
5Section 03, Kimo Akiona OTHERDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t73 · r4 · c10 · span 349788–349797
6Section 03, Rob Ziems OTHERDEF 14A0001437749-24-013715Section “SUMMARY COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t73 · r7 · c10 · span 357746–357753
7Section 08, Adam ChibibDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 212,500. Filing ↗machine: t96 · r1 · c11 · span 495682–495689
8Section 08, Anna MassionDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 150,000. Filing ↗machine: t96 · r4 · c11 · span 501159–501166
9Section 08, David FarahiDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 150,000. Filing ↗machine: t96 · r5 · c11 · span 502701–502708
10Section 08, Geoff FreemanDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 150,000. Filing ↗machine: t96 · r3 · c11 · span 499334–499341
11Section 08, Yvette LandauDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 150,000. Filing ↗machine: t96 · r2 · c11 · span 497508–497515
12Section 08, David LopezDEF 14A0001437749-24-013715Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2023 voteForm 8-K2023-07-120001437749-23-019790Item 5.07 · say-on-pay result. As reported: 36.44% (votes for as printed: 8,179,843). Filing ↗
14Section 06, 2022 voteForm 8-K2022-07-050001437749-22-016628Item 5.07 · say-on-pay result. As reported: 84.03%. Filing ↗
15Section 06, 2021 voteForm 8-K2021-07-020001437749-21-016257Item 5.07 · say-on-pay result. As reported: 84.1%. Filing ↗
16Section 09b board cost (computed)ComputedcomputedCash 400,000 + equity 412,500 + all other 0 = 812,500, summed across the director compensation table rows.machine: formula: Σ = 812,500
17Bally's Corporation, Section 10b CEO totalDEF 14A2026-04-090001747079-26-000028CEO total compensation as printed in Bally's Corporation's own proxy. As printed: 8,658,602. Filing ↗machine: r3 · c48 · span 213167–213176
18Rush Street Interactive, Section 10b CEO totalDEF 14A2026-04-240001793659-26-000016CEO total compensation as printed in Rush Street Interactive's own proxy. As printed: 6,946,803. Filing ↗machine: span 353187–353196
19PlayAGS (subject), Section 10b CEO totalDEF 14A0001437749-24-013715CEO total compensation as printed in PlayAGS's own proxy. As printed: 5,620,645. Filing ↗machine: t73 · r1 · c22 · span 343366–343375
20Golden Entertainment, Inc., Section 10b CEO totalDEF 14A2025-04-090001071255-25-000033CEO total compensation as printed in Golden Entertainment, Inc.'s own proxy. As printed: 5,404,137. Filing ↗machine: r11 · c42 · span 510243–510252
21Monarch Casino & Resort, Inc., Section 10b CEO totalDEF 14A2026-04-130001104659-26-042561CEO total compensation as printed in Monarch Casino & Resort, Inc.'s own proxy. As printed: 3,610,936. Filing ↗machine: t32 · r6 · c17 · span 312114–312123
22Accel Entertainment, Inc., Section 10b CEO totalDEF 14A2026-03-190001698991-26-000025CEO total compensation as printed in Accel Entertainment, Inc.'s own proxy. As printed: 3,571,551. Filing ↗machine: r2 · c42 · span 501969–501978
23Everi Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-180001318568-25-000012CEO total compensation as printed in Everi Holdings, Inc.'s own proxy. As printed: 3,160,492. Filing ↗machine: t70 · r2 · c23 · span 771154–771163
24Inspired Entertainment, Inc., Section 10b CEO totalDEF 14A2026-04-210001493152-26-018334CEO total compensation as printed in Inspired Entertainment, Inc.'s own proxy. As printed: 2,759,378. Filing ↗machine: r4 · c30 · span 361513–361522
25Full House Resorts, Inc., Section 10b CEO totalDEF 14A2026-04-100000891482-26-000018CEO total compensation as printed in Full House Resorts, Inc.'s own proxy. As printed: 1,702,637. Filing ↗machine: t119 · r4 · c23 · span 544487–544496
26Century Casinos, Inc., Section 10b CEO totalDEF 14A2026-04-300000911147-26-000012CEO total compensation as printed in Century Casinos, Inc.'s own proxy. As printed: 1,197,668. Filing ↗machine: t58 · span 1063826–1063835
27Section 10a, Accel Entertainment, Inc. reciprocityDEF 14A0001698991-26-000025Accel Entertainment, Inc. names PlayAGS in its own disclosed peer group (read from its most recent proxy). Filing ↗
28Section 10a, Century Casinos, Inc. reciprocityDEF 14A0000911147-26-000012Century Casinos, Inc.'s most recent proxy was read; its disclosed peer group does not include PlayAGS. Filing ↗
29Section 10a, Bally's Corporation reciprocityDEF 14A0001747079-25-000071Bally's Corporation's most recent proxy was read; its disclosed peer group does not include PlayAGS. Filing ↗
30Section 10a, Full House Resorts, Inc. reciprocityDEF 14A0000891482-26-000018Full House Resorts, Inc.'s most recent proxy was read; its disclosed peer group does not include PlayAGS. Filing ↗
31Section 10a, Everi Holdings, Inc. reciprocityDEF 14A0001318568-25-000012Everi Holdings, Inc. names PlayAGS in its own disclosed peer group (read from its most recent proxy). Filing ↗
32Section 10a, Golden Entertainment, Inc. reciprocityDEF 14A0001071255-25-000033Golden Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include PlayAGS. Filing ↗
33Section 10a, Inspired Entertainment, Inc. reciprocityDEF 14A0001493152-26-018334Inspired Entertainment, Inc. names PlayAGS in its own disclosed peer group (read from its most recent proxy). Filing ↗