Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Astrana Health (ASTH)

Fiscal year 2025 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.

$14,930,231
Brandon Sim total, FY2025
77th
CEO pay percentile vs peers
230:1
CEO-to-median pay ratio
96.58%
Say-on-pay support, latest vote
Companies that benchmark against ASTH
7 companies name ASTH as a compensation peer

Each company listed discloses ASTH 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 ASTH 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brandon Sim$850,000$0$11,999,980$0$2,059,125$0$21,126$14,930,231
Chief Executive Officer and President
Dinesh Kumar700,00002,199,99701,356,250027,4684,283,715
Chief Medical Officer
Chandan Basho678,07702,199,9970979,89109,0923,867,057
Chief Financial Officer and Chief Operating Officer
Kenneth Sim950,000100,000000024,1701,074,170
Executive Chairman

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Brandon Sim$14,930,231$10,362,866$5,223,600+4,567,365
Dinesh Kumar4,283,715
Chandan Basho3,867,057
Kenneth Sim1,074,170

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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Dinesh KumarPSU2025-03-0527,10654,211108,422$1,473,997
Brandon K. SimPSU2025-03-05147,848295,696591,3928,039,974
Chandan BashoRSU2025-03-0526,701726,000
Dinesh KumarRSU2025-03-0526,701726,000
Brandon K. SimRSU2025-03-05145,6423,960,006
Chandan BashoPSU2025-03-0527,10654,211108,4221,473,997
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Dinesh Kumar$726,000$1,473,997$067.0%
Brandon K. Sim3,960,0068,039,974067.0%
Chandan Basho726,0001,473,997067.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
SimRSU21,492$533,217
SimPSU350,4528,694,714
Chandan BashoPSU63,7181,580,844
SimRSU51,3091,272,976
SimRSU29,502731,945
SimPSU139,6283,464,171
SimRSU27,140673,343
Chandan BashoPSU62,9801,562,534
SimPSU591,39214,672,436
SimRSU183,3344,547,517
Dinesh KumarRSU102,5382,543,967
SimRSU67,5001,674,675
SimRSU53,9411,338,276
Chandan BashoRSU30,404754,323
Chandan BashoRSU9,809243,361
Chandan BashoRSU7,214178,979
SimRSU2,77968,947
Dinesh KumarRSU23,364579,661
SimRSU127,4373,161,712
Dinesh KumarRSU81,6402,025,488
Chandan BashoRSU23,364579,661
Chandan BashoRSU9,695240,533
Chandan BashoPSU108,4212,689,925
Dinesh KumarPSU108,4212,689,925
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee's primary objectives in structuring and administering our executive officer compensation program are to: Attract, motivate, and retain talented and dedicated executive officers; and Reinforce business strategies and objectives for enhanced stockholder value.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantPearl Meyer
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1034,119,1991,209,07288,20696.58%Passed
20252025-06-1134,713,9263,370,99889,28991.15%Passed
20242024-06-1237,336,707428,882392,53098.86%Passed
20232023-06-1320,670,21516,805,96795,51555.16%Passed
20222022-06-1630,687,375623,2392,053,02598.01%Passed
20162016-09-145,075,072900099.98%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
20262026-06-1096.58%a
20252025-06-1191.15%b
20242024-06-1298.86%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, if any, will have no effect on this proposal.”.

c. Approved under the standard stated in the filing — “​ ​ Abstentions and broker non-votes, if any, 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.

07

CEO pay ratio

Ratio (CEO : median employee)230 : 1
CEO total compensation$14,930,231
Median employee compensation$65,021
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Thomas S. Lam, M.D., M.P.HEmployee director$0$992,530$992,530
Mitchell W. KitayamaIndependent · Lead Independent Director · Compensation (Chair) · Nominating and Corporate Governance (Chair)147,504169,99600317,500
David G. SchmidtIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance125,004169,99600295,000
Matthew MazdyasniIndependent · Audit · Nominating and Corporate Governance102,000169,99600271,996
John ChiangIndependent · Audit · Compensation102,000169,99600271,996
Weili DaiIndependent80,004169,99600250,000
Linda DongNot independent80,004169,99600250,000
J. Lorraine Estradas, R.N., B.S.N., M.P.HNot independent000000
Kenneth Sim, M.DEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$170,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline3x annual cash retainer ($240,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$636,516
Equity awards (grant-date value)$1,019,976
All other compensation$992,530
Total cost of the board$2,649,022

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

10

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.

10a

Peer reciprocity

Of the companies Astrana Health 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 Astrana Health.

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
1GoodRx Holdings, Inc.2025Wendy Barnes$825,000$10,921,182$9,000,000$0$23,367,483
2Hims & Hers Health, Inc.2025Andrew Dudum494,79210,635,35211,000,000585,76322,958,907
3Quest Diagnostics Incorporated2025James Davis1,250,0008,762,8612,999,8732,205,84415,498,479
4Astrana Health2025Brandon Sim850,00011,999,98002,059,12514,930,231
5Evolent Health, Inc.2025Seth Blackley867,06812,699,0860014,240,154
6Chemed Corporation2025Kevin McNamara1,862,8372,883,5535,036,0211,486,97612,904,720
7RadNet, Inc.2025Howard Berger3,000,0008,999,9660012,087,934
8Alignment Healthcare, Inc.2025John Kao833,6548,500,01401,944,49511,278,583
9Teladoc Health, Inc.2025Charles Divita, III800,0009,699,9960584,00011,202,996
10Privia Health Group, Inc.2025Parth Mehrotra650,0008,588,37301,218,75010,472,698
11Option Care Health, Inc.2025John Rademacher1,000,0006,500,05001,665,0009,266,330
12agilon health, inc.2025Jeffrey Schwaneke625,0002,950,0031,750,000271,8755,610,878
13Clover Health Investments, Corp.2025Jamie Reynoso550,00100904,6261,468,166
14Oscar Health, Inc.2025Mark Bertolini619,17800169,0361,149,308
BrightSpring Health Services, Inc.not in coverage universe
LifeStance Health Group, Inc.not in coverage universe
Amedisys, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Astrana Health193.8%PSU 67 · RSU 33NoPearl Meyer
agilon health, inc.58%RSU 50 · Options 50NoSemler Brossy
Alignment Healthcare, Inc.200%RSU 50 · PSU 50NoFW Cook
Amedisys, Inc.not disclosednot disclosednot disclosednot disclosed
BrightSpring Health Services, Inc.not disclosednot disclosednot disclosednot disclosed
Chemed Corporation60.4%not disclosedYes — 3-Year Relative TSRCompensation Strategies, Inc.
Clover Health Investments, Corp.64%RSU 60 · Cash LTI 40NoAon, plc (Human Capital Practice)
Evolent Health, Inc.75%PSU 70 · RSU 30NoExequity
GoodRx Holdings, Inc.60.46%RSU 50 · Options 50not disclosedPay Governance
Hims & Hers Health, Inc.93.72%Options 51 · RSU 49NoCompensia, Inc.
LifeStance Health Group, Inc.not disclosednot disclosednot disclosednot disclosed
Option Care Health, Inc.111%PSU 60 · RSU 40NoPearl Meyer
Oscar Health, Inc.91.0%PSU 50 · RSU 50Yes — Relative TSRFW Cook
Privia Health Group, Inc.150%PSU 60 · RSU 40NoKorn Ferry (through September 2025), WTW (starting September 2025)
Quest Diagnostics Incorporatednot disclosednot disclosednot disclosedSemler Brossy
RadNet, Inc.not disclosedRSU 100NoPearl Meyer
Teladoc Health, Inc.73%RSU 50 · PSU 50NoAon

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, Brandon SimDEF 14A2026-04-170001104659-26-044536Section “Summary Compensation Table (“SCT”)”. As printed: 14,930,231. Filing ↗machine: span 525189–525199
2Section 01, Dinesh KumarDEF 14A2026-04-170001104659-26-044536Section “Summary Compensation Table (“SCT”)”. As printed: 4,283,715. Filing ↗machine: span 545492–545501
3Section 01, Chandan BashoDEF 14A2026-04-170001104659-26-044536Section “Summary Compensation Table (“SCT”)”. As printed: 3,867,057. Filing ↗machine: span 535401–535410
4Section 01, Kenneth SimDEF 14A2026-04-170001104659-26-044536Section “Summary Compensation Table (“SCT”)”. As printed: 1,074,170. Filing ↗machine: span 515060–515069
5Section 03, Dinesh Kumar PSUDEF 14A2026-04-170001104659-26-044536Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t104 · r7 · c11 · span 576385–576394
6Section 03, Brandon K. Sim PSUDEF 14A2026-04-170001104659-26-044536Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t104 · r3 · c11 · span 567429–567438
7Section 03, Chandan Basho RSUDEF 14A2026-04-170001104659-26-044536Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t104 · r6 · c10 · span 574235–574242
8Section 03, Dinesh Kumar RSUDEF 14A2026-04-170001104659-26-044536Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t104 · r8 · c10 · span 578744–578751
9Section 03, Brandon K. Sim RSUDEF 14A2026-04-170001104659-26-044536Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t104 · r4 · c10 · span 569789–569798
10Section 03, Chandan Basho PSUDEF 14A2026-04-170001104659-26-044536Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t104 · r5 · c11 · span 571910–571919
11Section 07, pay ratioDEF 14A2026-04-17000110465926044536Section “CEO Pay Ratio”. As printed: 230 : 1. Filing ↗machine: span 748971–748979
12Section 08, Thomas S. Lam, M.D., M.P.HDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 992,530. Filing ↗machine: t31 · r6 · c6 · span 238628–238635
13Section 08, Mitchell W. KitayamaDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 317,500. Filing ↗machine: t31 · r5 · c8 · span 237595–237602
14Section 08, David G. SchmidtDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 295,000. Filing ↗machine: t31 · r8 · c8 · span 241682–241689
15Section 08, Matthew MazdyasniDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 271,996. Filing ↗machine: t31 · r7 · c8 · span 240115–240122
16Section 08, John ChiangDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 271,996. Filing ↗machine: t31 · r1 · c8 · span 232201–232208
17Section 08, Weili DaiDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 250,000. Filing ↗machine: t31 · r2 · c8 · span 233566–233573
18Section 08, Linda DongDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 250,000. Filing ↗machine: t31 · r3 · c8 · span 234897–234904
19Section 08, J. Lorraine Estradas, R.N., B.S.N., M.P.HDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 0. Filing ↗machine: t31 · r4 · c8 · span 236290–236291
20Section 08, Kenneth Sim, M.DDEF 14A2026-04-170001104659-26-044536Section “Director Compensation”. As printed: 0. Filing ↗
21Section 06, 2026 voteForm 8-K2026-06-100001104659-26-072343Item 5.07 · say-on-pay result. As reported: 96.58% (votes for as printed: 34,119,199). Filing ↗
22Section 06, 2025 voteForm 8-K2025-06-110001104659-25-058542Item 5.07 · say-on-pay result. As reported: 91.15% (votes for as printed: 34,713,926). Filing ↗
23Section 06, 2024 voteForm 8-K2024-06-120001104659-24-070847Item 5.07 · say-on-pay result. As reported: 98.86% (votes for as printed: 37,336,707). Filing ↗
24Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
25Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
26Section 09b board cost (computed)ComputedcomputedCash 636,516 + equity 1,019,976 + all other 992,530 = 2,649,022, summed across the director compensation table rows.machine: formula: Σ = 2,649,022
27GoodRx Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-290001809519-26-000091CEO total compensation as printed in GoodRx Holdings, Inc.'s own proxy. As printed: 23,367,483. Filing ↗machine: t109 · r2 · c16 · span 1286734–1286744
28Hims & Hers Health, Inc., Section 10b CEO totalDEF 14A2026-04-280001773751-26-000060CEO total compensation as printed in Hims & Hers Health, Inc.'s own proxy. As printed: 22,958,907. Filing ↗machine: r3 · c27 · span 587953–587963
29Quest Diagnostics Incorporated, Section 10b CEO totalDEF 14A2026-04-060001140361-26-013356CEO total compensation as printed in Quest Diagnostics Incorporated's own proxy. As printed: 15,498,479. Filing ↗machine: r2 · c17 · span 699327–699337
30Astrana Health (subject), Section 10b CEO totalDEF 14A2026-04-170001104659-26-044536CEO total compensation as printed in Astrana Health's own proxy. As printed: 14,930,231. Filing ↗machine: span 525189–525199
31Evolent Health, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177267CEO total compensation as printed in Evolent Health, Inc.'s own proxy. As printed: 14,240,154. Filing ↗machine: r3 · c20 · span 908544–908555
32Chemed Corporation, Section 10b CEO totalDEF 14A2026-04-090001562762-26-000052CEO total compensation as printed in Chemed Corporation's own proxy. As printed: 12,904,720. Filing ↗machine: t18 · r8 · c8 · span 1091846–1091856
33RadNet, Inc., Section 10b CEO totalDEF 14A2026-04-200001683168-26-003086CEO total compensation as printed in RadNet, Inc.'s own proxy. As printed: 12,087,934. Filing ↗machine: t93 · r1 · c26 · span 428610–428620
34Alignment Healthcare, Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027058CEO total compensation as printed in Alignment Healthcare, Inc.'s own proxy. As printed: 11,278,583. Filing ↗machine: r2 · c21 · span 656828–656838
35Teladoc Health, Inc., Section 10b CEO totalDEF 14A2026-04-070001477449-26-000020CEO total compensation as printed in Teladoc Health, Inc.'s own proxy. As printed: 11,202,996. Filing ↗machine: t167 · r2 · c16 · span 1057476–1057486
36Privia Health Group, Inc., Section 10b CEO totalDEF 14A2026-04-020001193125-26-138997CEO total compensation as printed in Privia Health Group, Inc.'s own proxy. As printed: 10,472,698. Filing ↗machine: t166 · r3 · c39 · span 538905–538915
37Option Care Health, Inc., Section 10b CEO totalDEF 14A2026-04-080001140361-26-013825CEO total compensation as printed in Option Care Health, Inc.'s own proxy. As printed: 9,266,330. Filing ↗machine: r2 · c25 · span 1114074–1114083
38agilon health, inc., Section 10b CEO totalDEF 14A2026-04-220001628280-26-026544CEO total compensation as printed in agilon health, inc.'s own proxy. As printed: 5,610,878. Filing ↗machine: r5 · c9 · span 1591317–1591326
39Clover Health Investments, Corp., Section 10b CEO totalDEF 14A2026-04-280001801170-26-000102CEO total compensation as printed in Clover Health Investments, Corp.'s own proxy. As printed: 1,468,166. Filing ↗machine: r7 · c48 · span 515548–515557
40Oscar Health, Inc., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016119CEO total compensation as printed in Oscar Health, Inc.'s own proxy. As printed: 1,149,308. Filing ↗machine: t173 · r2 · c25 · span 1052592–1052601
41Section 10a, Oscar Health, Inc. reciprocityDEF 14A0001140361-26-016119Oscar Health, Inc.'s most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
42Section 10a, Clover Health Investments, Corp. reciprocityDEF 14A0001801170-26-000102Clover Health Investments, Corp.'s most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
43Section 10a, Teladoc Health, Inc. reciprocityDEF 14A0001477449-26-000020Teladoc Health, Inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, GoodRx Holdings, Inc. reciprocityDEF 14A0001809519-26-000091GoodRx Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
45Section 10a, Alignment Healthcare, Inc. reciprocityDEF 14A0001628280-26-027058Alignment Healthcare, Inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, RadNet, Inc. reciprocityDEF 14A0001683168-26-003086RadNet, Inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, Option Care Health, Inc. reciprocityDEF 14A0001140361-26-013825Option Care Health, Inc.'s most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
48Section 10a, Quest Diagnostics Incorporated reciprocityDEF 14A0001140361-26-013356Quest Diagnostics Incorporated's most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
49Section 10a, Evolent Health, Inc. reciprocityDEF 14A0001193125-26-177267Evolent Health, Inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, agilon health, inc. reciprocityDEF 14A0001628280-26-026544agilon health, inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, Chemed Corporation reciprocityDEF 14A0001562762-26-000052Chemed Corporation's most recent proxy was read; its disclosed peer group does not include Astrana Health. Filing ↗
52Section 10a, Privia Health Group, Inc. reciprocityDEF 14A0001193125-26-138997Privia Health Group, Inc. names Astrana Health in its own disclosed peer group (read from its most recent proxy). Filing ↗