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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kash Razzaghi | $483,333 | $1,356,250 | $10,207,876 | $7,999,991 | $700,000 | $0 | $48,770 | $20,796,220 |
| Chief Commercial Officer | ||||||||
| Jeremy Allaire | 900,000 | 500,000 | 8,999,974 | 0 | 1,764,000 | 0 | 4,096,862 | 16,260,836 |
| Chairman and Chief Executive Officer | ||||||||
| Heath Tarbert | 500,000 | 500,000 | 7,499,994 | 0 | 770,000 | 0 | 91,372 | 9,361,366 |
| President | ||||||||
| Nikhil Chandhok | 500,000 | 500,000 | 5,999,983 | 0 | 770,000 | 0 | 108,414 | 7,878,397 |
| Chief Product and Technology Officer | ||||||||
| Jeremy Fox-Geen | 500,000 | 500,000 | 5,999,983 | 0 | 770,000 | 0 | 0 | 7,769,983 |
| Chief Financial Officer | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kash Razzaghi | $20,796,220 | — | — | — |
| Jeremy Allaire | 16,260,836 | — | — | — |
| Heath Tarbert | 9,361,366 | — | — | — |
| Nikhil Chandhok | 7,878,397 | — | — | — |
| Jeremy Fox-Geen | 7,769,983 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Kash Razzaghi | RSU | 52,000 | — | $4,123,600 |
| Jeremy Allaire | RSU | 583,333 | — | 0 |
| Jeremy Allaire | Option | 65,333 | 32.95 | — |
| Kash Razzaghi | Option | 96,137 | 131.98 | — |
| Jeremy Allaire | RSU | 288,831 | — | 22,904,298 |
| Jeremy Fox-Geen | RSU | 192,554 | — | 15,269,532 |
| Heath Tarbert | RSU | 192,554 | — | 15,269,532 |
| Nikhil Chandhok | RSU | 192,554 | — | 15,269,532 |
| Heath Tarbert | RSU | 180,197 | — | 14,289,622 |
| Jeremy Allaire | RSU | 168,554 | — | 13,366,332 |
| Kash Razzaghi | RSU | 92,666 | — | 7,348,414 |
| Jeremy Fox-Geen | RSU | 74,913 | — | 5,940,601 |
| Heath Tarbert | RSU | 74,913 | — | 5,940,601 |
| Nikhil Chandhok | RSU | 74,913 | — | 5,940,601 |
| Heath Tarbert | RSU | 48,139 | — | 3,817,423 |
| Nikhil Chandhok | RSU | 41,844 | — | 3,318,229 |
| Jeremy Allaire | RSU | 31,645 | — | 2,509,449 |
| Kash Razzaghi | RSU | 28,560 | — | 2,264,808 |
| Jeremy Fox-Geen | RSU | 14,384 | — | 1,140,651 |
| Kash Razzaghi | RSU | 6,164 | — | 488,805 |
| Nikhil Chandhok | RSU | 6,164 | — | 488,805 |
| Jeremy Allaire | RSU | 1,634 | — | 129,576 |
| Jeremy Fox-Geen | RSU | 322 | — | 25,535 |
| Jeremy Allaire | RSU | 552,938 | — | 0 |
| Jeremy Allaire | Option | 3,031 | 48.45 | — |
| Jeremy Fox-Geen | Option | 598 | 48.45 | — |
| Jeremy Fox-Geen | Option | 29,700 | 32.95 | — |
| Kash Razzaghi | Option | 12,729 | 32.95 | — |
| Heath Tarbert | Option | 372,071 | 25.09 | — |
| Nikhil Chandhok | Option | 52,903 | 25.81 | — |
| Nikhil Chandhok | Option | 12,729 | 32.95 | — |
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Semler Brossy |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-14 | 144,019,384 | 1,267,823 | 401,715 | 99.13% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-05-14 | 99.13%a |
a. Voting standard not stated in the filing.
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.
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | $220,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 35,000 / 20,000 / 15,000 |
| Stock ownership guideline | $240,000 |
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Circle Internet Group | 2025 | Jeremy Allaire | $900,000 | $8,999,974 | $0 | $1,764,000 | $16,260,836 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Kash Razzaghi | DEF 14A | 2026-04-01 | 0001876042-26-000112 | Section “Executive Compensation Tables” · page 66. As printed: 20,796,220. Filing ↗machine: span 2412296–2412306 |
| 2 | Section 01, Jeremy Allaire | DEF 14A | 2026-04-01 | 0001876042-26-000112 | Section “Executive Compensation Tables” · page 66. As printed: 16,260,836. Filing ↗machine: span 2373878–2373888 |
| 3 | Section 01, Heath Tarbert | DEF 14A | 2026-04-01 | 0001876042-26-000112 | Section “Executive Compensation Tables” · page 66. As printed: 9,361,366. Filing ↗machine: span 2420717–2420726 |
| 4 | Section 01, Nikhil Chandhok | DEF 14A | 2026-04-01 | 0001876042-26-000112 | Section “Executive Compensation Tables” · page 66. As printed: 7,878,397. Filing ↗machine: span 2441365–2441374 |
| 5 | Section 01, Jeremy Fox-Geen | DEF 14A | 2026-04-01 | 0001876042-26-000112 | Section “Executive Compensation Tables” · page 66. As printed: 7,769,983. Filing ↗machine: span 2393135–2393144 |
| 6 | Section 06, 2026 vote | Form 8-K | 2026-05-18 | 0001876042-26-000159 | Item 5.07 · say-on-pay result. As reported: 99.13% (votes for as printed: 144,019,384). Filing ↗ |
| 7 | Circle Internet Group (subject), Section 10b CEO total | DEF 14A | 2026-04-01 | 0001876042-26-000112 | CEO total compensation as printed in Circle Internet Group's own proxy. As printed: 16,260,836. Filing ↗machine: span 2373878–2373888 |