Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-02

BigBear.ai Holdings (BBAI)

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.

$6,597,191
Kevin McAleenan total, FY2025
1st
CEO pay percentile vs peers
34:1
CEO-to-median pay ratio
90.05%
Say-on-pay support, latest vote
Companies that benchmark against BBAI
No companies currently name BBAI as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Kevin McAleenan$487,431$0$3,805,346$2,275,168$0$0$29,246$6,597,191
Chief Executive Officer
Sean Ricker371,17602,729,29300020,4653,120,934
Chief Financial Officer
Julie Peffer620,5770643,216000223,2321,487,025
Former Chief Financial Officer
Amanda Long541,66700000755,4351,297,102
Former Chief Executive Officer
Carolyn Blankenship427,1090669,13900020,9741,117,222
General Counsel 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Kevin McAleenan$6,597,191$1,607,860+4,989,331
Sean Ricker3,120,934
Julie Peffer1,487,025
Amanda Long1,297,1022,133,1921,938,141−836,090
Carolyn Blankenship1,117,222

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

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dorothy D. HayesDirector2026-05-08D15,000$4$61,575CommonForm 4 ↗
Sean RickerChief Financial Officer2026-05-22D10,000443,300CommonForm 4 ↗
Sean RickerChief Financial Officer2026-06-06D9,759440,988CommonForm 4 ↗
PANGIAM ULTIMATE HOLDINGS, LLCDirector2026-06-14A36,07000Common, indirectForm 4 ↗
Anthony EvangelistaDirector2026-06-14A36,07000CommonForm 4 ↗
Peter CannitoDirector2026-06-14A36,07000CommonForm 4 ↗
Pamela BradenDirector2026-06-14A36,07000CommonForm 4 ↗
Sean BattleDirector2026-06-14A36,07000CommonForm 4 ↗
Dorothy D. HayesDirector2026-06-14A36,07000CommonForm 4 ↗
Paul FulchinoDirector2026-06-14A36,07000CommonForm 4 ↗
Kevin McAleenanDirector2026-06-30D23,562484,823CommonForm 4 ↗
Carolyn BlankenshipGeneral Counsel and Secretary2026-06-30D9,019432,468CommonForm 4 ↗
Sean RickerChief Financial Officer2026-06-30D10,069436,248CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sean RickerPSU2025-05-2240,26680,532120,798$299,578
Kevin McAleenanRSU2025-04-01349,6501,031,468
Carolyn BlankenshipRSU2025-01-2730,145110,934
Sean RickerRSU2025-01-2724,93891,772
Sean RickerRSU2025-10-14200,0001,782,000
Kevin McAleenanRSU2025-01-151,300,0724,132,076
Kevin McAleenanRSU2025-01-2724,78591,209
Carolyn BlankenshipRSU2025-04-01151,442446,754
Carolyn BlankenshipPSU2025-05-2229,10858,21687,324216,563
Julie PefferRSU2025-04-01146,853433,216
Sean RickerRSU2025-04-01125,284369,588
Julie PefferRSU2025-01-2761,386225,900
Kevin McAleenanPSU2025-05-2284,005168,011252,017625,000
Julie PefferPSU2025-05-2256,510112,904169,356420,000
Sean RickerRSU2025-06-0639,788150,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sean Ricker$2,393,360$299,578$011.1%
Kevin McAleenan5,254,753625,000010.6%
Carolyn Blankenship557,688216,563028.0%
Julie Peffer659,116420,000038.9%

% 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
Sean RickerRSU200,000$1,080,000
Carolyn BlankenshipRSU151,442817,787
Sean RickerRSU93,635505,631
Kevin McAleenanRSU89,285482,142
Sean RickerRSU80,532416,070
Sean RickerRSU9,17149,525
Kevin McAleenanRSU628,9313,396,227
Kevin McAleenanRSU349,6501,888,110
Carolyn BlankenshipRSU113,186611,206
Kevin McAleenanRSU93,058502,512
Carolyn BlankenshipRSU58,216314,366
Sean RickerRSU39,788214,855
Carolyn BlankenshipRSU11,88864,198
Carolyn BlankenshipOption44,8631.84
Sean RickerRSU125,284676,534
Kevin McAleenanRSU168,011907,259
Sean RickerOption34,6081.84
Kevin McAleenanOption671,1413.18
Sean RickerOption25,0009.99
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program has three primary elements: base salary, short-term equity incentives, and long-term equity incentives. Each of these compensation elements serves a specific purpose in our compensation strategy. Base salary is provided at market-competitive levels to reflect an individual NEO's experience, role and responsibilities. Annual equity incentives reward the achievement of short-term goals, while long-term equity incentives drive our NEOs to focus on long-term sustainable stockholder value creation.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantWillis Towers Watson
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0986,606,1579,573,6492,797,42090.05%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
20262026-06-0990.05%a

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the approval of this item of business.”.

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)34 : 1
CEO total compensation$6,597,191
Median employee compensation$195,680
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Peter CannitoIndependent · Board Chair · Nominating/Governance$0$114,774$0$129,998$244,772
Paul FulchinoIndependent · Audit50,00050,3410129,998230,339
Sean BattleIndependent · Compensation100,00000129,998229,998
Dorothy D. HayesIndependent · Audit (Chair)100,00000129,998229,998
Kirk KonertIndependent · Compensation098,1640129,998228,162
Pamela BradenIndependent · Audit095,6460129,998225,644
Jeffrey HartNot independent · Departed during FY072,4920129,998202,490
Anthony EvangelistaIndependent · Audit · Compensation · Newly elected40,3450090,099130,444
Kevin McAleenanEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$290,345
Equity awards (grant-date value)$431,417
All other compensation$1,000,085
Total cost of the board$1,721,847

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 BigBear.ai Holdings 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 BigBear.ai Holdings.

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
1C3.ai, Inc.2025Thomas Siebel$1,000,000$11,506,012$11,506,017$900,000$25,516,876
2Unity Software Inc.2025Matthew Bromberg850,0348,784,6310904,40010,574,243
3SoundHound AI2025Keyvan Mohajer546,3338,780,500009,326,833
4Palantir Technologies, Inc.2025Alexander Karp1,101,6370008,623,000
5BigBear.ai Holdings2025Kevin McAleenan487,4313,805,3462,275,16806,597,191
6Aware, Inc.2025Ajay Amlani111,110881,751833,66401,826,746

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
BigBear.ai Holdings62%RSU 100not disclosedWillis Towers Watson
Aware, Inc.not disclosednot disclosednot disclosednot disclosed
C3.ai, Inc.90%RSU 100NoCompensia, Inc.
Palantir Technologies, Inc.not disclosednot disclosednot disclosedSemler Brossy
SoundHound AInot disclosedRSU 100not disclosedCompensia
Unity Software Inc.106%RSU 75 · PSU 25NoSemler Brossy

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, Kevin McAleenanDEF 14A2026-04-280001836981-26-000028Section “2025 Summary Compensation Table”. As printed: 6,597,191. Filing ↗machine: r3 · c48 · span 515243–515252
2Section 01, Sean RickerDEF 14A2026-04-280001836981-26-000028Section “2025 Summary Compensation Table”. As printed: 3,120,934. Filing ↗machine: r11 · c48 · span 529705–529714
3Section 01, Julie PefferDEF 14A2026-04-280001836981-26-000028Section “2025 Summary Compensation Table”. As printed: 1,487,025. Filing ↗machine: r12 · c48 · span 532462–532471
4Section 01, Amanda LongDEF 14A2026-04-280001836981-26-000028Section “2025 Summary Compensation Table”. As printed: 1,297,102. Filing ↗machine: r8 · c48 · span 522365–522374
5Section 01, Carolyn BlankenshipDEF 14A2026-04-280001836981-26-000028Section “2025 Summary Compensation Table”. As printed: 1,117,222. Filing ↗machine: r13 · c48 · span 535686–535695
6Section 03, Sean Ricker PSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r10 · c13 · span 581016–581023
7Section 03, Kevin McAleenan RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r6 · c13 · span 570969–570978
8Section 03, Carolyn Blankenship RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r16 · c14 · span 596273–596280
9Section 03, Sean Ricker RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r8 · c14 · span 576137–576143
10Section 03, Sean Ricker RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r12 · c13 · span 585899–585908
11Section 03, Kevin McAleenan RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r4 · c14 · span 566229–566238
12Section 03, Kevin McAleenan RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r5 · c13 · span 568530–568536
13Section 03, Carolyn Blankenship RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r17 · c13 · span 598713–598720
14Section 03, Carolyn Blankenship PSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r18 · c13 · span 601504–601511
15Section 03, Julie Peffer RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r14 · c13 · span 591067–591074
16Section 03, Sean Ricker RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r9 · c13 · span 578576–578583
17Section 03, Julie Peffer RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r13 · c14 · span 588627–588634
18Section 03, Kevin McAleenan PSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r7 · c13 · span 573412–573419
19Section 03, Julie Peffer PSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r15 · c13 · span 593508–593515
20Section 03, Sean Ricker RSUDEF 14A2026-04-280001836981-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t92 · r11 · c13 · span 583455–583462
21Section 07, pay ratioDEF 14A2026-04-280001836981-26-000028Section “CEO Pay Ratio”. As printed: 34 : 1. Filing ↗machine: span 792047–792049
22Section 08, Peter CannitoDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 244,772. Filing ↗machine: t112 · r4 · c4 · span 813016–813023
23Section 08, Paul FulchinoDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 230,339. Filing ↗machine: t112 · r5 · c4 · span 814324–814331
24Section 08, Sean BattleDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 229,998. Filing ↗machine: t112 · r10 · c4 · span 821547–821554
25Section 08, Dorothy D. HayesDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 229,998. Filing ↗machine: t112 · r7 · c4 · span 817121–817128
26Section 08, Kirk KonertDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 228,162. Filing ↗machine: t112 · r8 · c4 · span 818598–818605
27Section 08, Pamela BradenDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 225,644. Filing ↗machine: t112 · r3 · c4 · span 811737–811744
28Section 08, Jeffrey HartDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 202,490. Filing ↗machine: t112 · r9 · c4 · span 820079–820086
29Section 08, Anthony EvangelistaDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 130,444. Filing ↗machine: t112 · r6 · c4 · span 815808–815815
30Section 08, Kevin McAleenanDEF 14A2026-04-280001836981-26-000028Section “Director Compensation”. As printed: 0. Filing ↗
31Section 02, Dorothy D. Hayes 2026-05-08Form 42026-05-080001142619-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Sean Ricker 2026-05-22Form 42026-05-260001836981-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Sean Ricker 2026-06-06Form 42026-06-090001883732-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, PANGIAM ULTIMATE HOLDINGS, LLC 2026-06-14Form 42026-06-150001836981-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Anthony Evangelista 2026-06-14Form 42026-06-150002081838-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Peter Cannito 2026-06-14Form 42026-06-150001877807-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Pamela Braden 2026-06-14Form 42026-06-150001883979-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Sean Battle 2026-06-14Form 42026-06-150001884324-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Dorothy D. Hayes 2026-06-14Form 42026-06-150001142619-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Paul Fulchino 2026-06-14Form 42026-06-150001182805-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Kevin McAleenan 2026-06-30Form 42026-07-020002052799-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Carolyn Blankenship 2026-06-30Form 42026-07-020001926488-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Sean Ricker 2026-06-30Form 42026-07-020001883732-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
44Section 06, 2026 voteForm 8-K2026-06-120001193125-26-269639Item 5.07 · say-on-pay result. As reported: 90.05% (votes for as printed: 86,606,157). Filing ↗
45Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
46Section 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
47Section 09b board cost (computed)ComputedcomputedCash 290,345 + equity 431,417 + all other 1,000,085 = 1,721,847, summed across the director compensation table rows.machine: formula: Σ = 1,721,847
48C3.ai, Inc., Section 10b CEO totalDEF 14A2025-08-210001577526-25-000012CEO total compensation as printed in C3.ai, Inc.'s own proxy. As printed: 25,516,876. Filing ↗machine: r2 · c24 · span 368334–368344
49Unity Software Inc., Section 10b CEO totalDEF 14A2026-03-270001810806-26-000021CEO total compensation as printed in Unity Software Inc.'s own proxy. As printed: 10,574,243. Filing ↗machine: r3 · c8 · span 1601836–1601846
50SoundHound AI, Section 10b CEO totalDEF 14A2026-04-090001213900-26-041978CEO total compensation as printed in SoundHound AI's own proxy. As printed: 9,326,833. Filing ↗machine: t15 · r1 · c24 · span 510505–510514
51Palantir Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-240001321655-26-000019CEO total compensation as printed in Palantir Technologies, Inc.'s own proxy. As printed: 8,623,000. Filing ↗machine: span 519802–519811
52BigBear.ai Holdings (subject), Section 10b CEO totalDEF 14A2026-04-280001836981-26-000028CEO total compensation as printed in BigBear.ai Holdings's own proxy. As printed: 6,597,191. Filing ↗machine: r3 · c48 · span 515243–515252
53Aware, Inc., Section 10b CEO totalDEF 14A2026-05-220001193125-26-237209CEO total compensation as printed in Aware, Inc.'s own proxy. As printed: 1,826,746. Filing ↗machine: r2 · c25 · span 317476–317485
54Section 10a, C3.ai, Inc. reciprocityDEF 14A0001577526-25-000012C3.ai, Inc.'s most recent proxy was read; its disclosed peer group does not include BigBear.ai Holdings. Filing ↗
55Section 10a, Palantir Technologies, Inc. reciprocityDEF 14A0001321655-26-000019Palantir Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include BigBear.ai Holdings. Filing ↗
56Section 10a, Unity Software Inc. reciprocityDEF 14A0001810806-26-000021Unity Software Inc.'s most recent proxy was read; its disclosed peer group does not include BigBear.ai Holdings. Filing ↗
57Section 10a, SoundHound AI reciprocityDEF 14A0001213900-26-041978SoundHound AI's most recent proxy was read; its disclosed peer group does not include BigBear.ai Holdings. Filing ↗