Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-16

BOSTON OMAHA Corp. (BOC)

CEO Adam Peterson was paid $671,164 in fiscal year 2025, ↑ up 0.1% from fiscal year 2024 (SEC filing 0001437749-26-022287 ↗): 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.

$671,164 ↑
Adam Peterson total, FY2025
—
CEO pay percentile vs peers
6.93:1
CEO-to-median pay ratio
96.93%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Adam Peterson (Chief Executive Officer and President (Principal Executive Officer)), FY2025 total compensation $671,164 (base salary $639,000) [exec_comp, SEC accession 0001437749-26-022287, filed 2026-07-01]

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BOC's next annual pay disclosure, estimated July 2, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Adam Peterson$639,000$0$0$0$0$0$32,164$671,164
Chief Executive Officer and President (Principal Executive Officer)
Joshua Weisenburger335,000199,991000033,677568,668
Chief Financial Officer, Secretary and Treasurer

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 FY2024→2025
Adam Peterson$671,164$670,220$650,649↑ +944
Joshua Weisenburger568,668542,391597,067↑ +26,277

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

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$671,164 Adam Peterson total, FY2025

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Data as of September 16, 2026 · Source: 0001437749-26-022287 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against BOC
1 company names BOC as a compensation peer

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

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Adam PetersonCEO$671,164
Joshua WeisenburgerCFO$568,668
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Brendan J. KeatingDirector$60,000
David S. GraffIndependent Director$60,000
Frank H. Kenan IIIndependent Director$60,000
Jeffrey C. RoyalDirector$60,000
Thomas BurtIndependent Director$60,000
Vishnu SrinivasanIndependent Director$60,000
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
BOSTON OMAHA CorpGreater-than-10% holder2026-08-11D360,000$10$3,600,000CommonForm 4 ↗
Frank H. Kenan IIDirector2026-09-14A5,2521472,005CommonForm 4 ↗
Jeffrey C. RoyalDirector2026-09-14A5,2521472,005CommonForm 4 ↗
Vishnu SrinivasanDirector2026-09-14A5,2521472,005CommonForm 4 ↗
Thomas BurtDirector2026-09-14A5,2521472,005CommonForm 4 ↗
Brendan J. KeatingDirector2026-09-14A5,2521472,005CommonForm 4 ↗
David S. GraffDirector2026-09-14A5,2521472,005CommonForm 4 ↗
Brendan J. KeatingDirector2026-09-15D100,994141,369,782CommonForm 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.

05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objective of our executive compensation program is to retain and reward executive officers who contribute to our long-term success. We believe this requires a competitive compensation structure both as compared to similarly situated companies in the industries we serve in outdoor billboards, broadband services and surety insurance and that are our peers in terms of annual revenues.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-08-2125,940,220559,814260,89596.93%Passed
20252025-08-2526,100,637322,25640,73198.63%Passed
20242024-09-2026,052,889273,475138,65598.44%Passed
20232023-05-0825,738,19297,0512,645,26090.37%Passed
20222022-08-1321,789,714233,13160,75798.67%Passed
20212021-11-1331,654,03958,72935,72699.7%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
20262026-08-2196.93%a
20252025-08-2598.63%b
20242024-09-2098.44%c

a. Approved under the standard stated in the filing — “The affirmative vote of the holders of a majority in voting power of the shares of the Company's capital stock present in person or represented by proxy at the Annual Meeting and voting for the proposal is required to approve this proposal to approve the compensation paid to our named executive officers. Abstentions will have the same effect as voting against the resolution.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against the resolution.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as voting against the resolution.”.

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)6.93 : 1
CEO total compensation$639,000
Median employee compensation$92,157
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Vishnu SrinivasanIndependent · Audit and Risk · Nominating and Corporate Governance (Chair)$0—$0—$60,000$60,000
Frank H. Kenan IIIndependent · Audit and Risk · Compensation (Chair) · Nominating and Corporate Governance0—0—60,00060,000
Jeffrey C. RoyalNot independent0—0—60,00060,000
Brendan J. KeatingNot independent0—0—60,00060,000
David S. GraffIndependent · Audit and Risk (Chair) · Compensation · Newly elected0—0—60,00060,000
Thomas BurtIndependent · Compensation · Nominating and Corporate Governance0—0—60,00060,000
Adam K. PetersonEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$0
All other compensation$360,000
Total cost of the board$360,000

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

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
1BOSTON OMAHA Corp.2025Adam Peterson$639,000$0$0$0$671,164

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.

10d

Frequently asked questions

Who was the highest-paid executive at BOSTON OMAHA Corp. in fiscal 2025?
As disclosed, Adam Peterson (Chief Executive Officer and President (Principal Executive Officer)) was the highest-paid executive at BOSTON OMAHA Corp. in fiscal 2025, with total compensation of $671,164.
What is BOSTON OMAHA Corp.'s CEO-to-median employee pay ratio?
As disclosed, BOSTON OMAHA Corp.'s CEO-to-median employee pay ratio was 6.93:1.
How did shareholders vote on BOSTON OMAHA Corp.'s executive compensation?
As disclosed, 96.93% of shareholders supported BOSTON OMAHA Corp.'s executive compensation in the latest say-on-pay vote.
How much does BOSTON OMAHA Corp. spend in total on board compensation for fiscal 2025?
As disclosed, BOSTON OMAHA Corp. reported total board compensation of $360,000 for fiscal 2025.

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.

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, Adam PetersonDEF 14A2026-07-010001437749-26-022287Section “Executive Compensation”. As printed: 671,164. Filing ↗
2Section 01, Joshua WeisenburgerDEF 14A2026-07-010001437749-26-022287Section “Executive Compensation”. As printed: 568,668. Filing ↗
3Section 07, pay ratioDEF 14A2026-07-010001437749-26-022287Section “CEO Pay Ratio”. As printed: 6.93 : 1. Filing ↗
4Section 08, Vishnu SrinivasanDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 204867–204990
5Section 08, Frank H. Kenan IIDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 202998–203121
6Section 08, Jeffrey C. RoyalDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 203932–204055
7Section 08, Brendan J. KeatingDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 202063–202186
8Section 08, David S. GraffDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 201127–201250
9Section 08, Thomas BurtDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 60,000. Filing ↗machine: span 200195–200318
10Section 08, Adam K. PetersonDEF 14A2026-07-010001437749-26-022287Section “Director Compensation”. As printed: 0. Filing ↗
11Section 02, BOSTON OMAHA Corp 2026-08-11Form 42026-08-130001437749-26-027810Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Frank H. Kenan II 2026-09-14Form 42026-09-160001437749-26-030587Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Jeffrey C. Royal 2026-09-14Form 42026-09-160001437749-26-030588Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Vishnu Srinivasan 2026-09-14Form 42026-09-160001437749-26-030590Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Thomas Burt 2026-09-14Form 42026-09-160001437749-26-030589Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Brendan J. Keating 2026-09-14Form 42026-09-160001437749-26-030602Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, David S. Graff 2026-09-14Form 42026-09-160001437749-26-030591Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Brendan J. Keating 2026-09-15Form 42026-09-160001437749-26-030602Insider equity transaction reported since the proxy statement. Filing ↗
19Section 06, 2026 voteForm 8-K2026-08-240001437749-26-028818Item 5.07 · say-on-pay result. As reported: 96.93% (votes for as printed: 25,940,220). Filing ↗
20Section 06, 2025 voteForm 8-K2025-08-260001437749-25-027777Item 5.07 · say-on-pay result. As reported: 98.63% (votes for as printed: 26,100,637). Filing ↗
21Section 06, 2024 voteForm 8-K2024-09-230001437749-24-029837Item 5.07 · say-on-pay result. As reported: 98.44% (votes for as printed: 26,052,889). Filing ↗
22Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 09b board cost (computed)Computed——Cash 0 + equity 0 + all other 360,000 = 360,000, summed across the director compensation table rows.machine: formula: Σ = 360,000
24BOSTON OMAHA Corp. (subject), Section 10b CEO totalDEF 14A2026-07-010001437749-26-022287CEO total compensation as printed in BOSTON OMAHA Corp.'s own proxy. As printed: 671,164. Filing ↗

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