Fiscal year 2026 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.
Each company listed discloses CRVL 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 CRVL in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Combs | $679,327 | $0 | $0 | $101,716 | $498,809 | $0 | $5,192 | $1,285,043 |
| Brian Nichols | 246,010 | 58,838 | 0 | 186,164 | 0 | 0 | 1,443 | 492,455 |
| 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 | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Michael Combs | $1,285,043 | $1,191,679 | $966,969 | +93,364 |
| Brian Nichols | 492,455 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Sarah A. Scott | CEO and President | 2026-07-01 | A | 25,000 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Mark E. Bertels | EVP - Risk Management Services | 2026-07-29 | D | 634 | 62 | 39,467 | Common | Form 4 ↗ |
| Mark E. Bertels | EVP - Risk Management Services | 2026-07-29 | D | 750 | 62 | 46,688 | Derivative, Class A Common | Form 4 ↗ |
| Mark E. Bertels | EVP - Risk Management Services | 2026-07-29 | D | 33 | 62 | 2,054 | Common | Form 4 ↗ |
| Mark E. Bertels | EVP - Risk Management Services | 2026-07-29 | A | 750 | 53 | 39,485 | Common | Form 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.
The compensation program is designed to align with business and strategic objectives and drive sustainable value creation by linking pay outcomes with financial performance, individual contributions, and stock value. It targets a mix of fixed and variable compensation to motivate performance, encourage retention, and reflect market competitiveness, while limiting compensation-related risks.
| CEO STI target (% of salary) | NaN% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-08-06 | 42,909,830 | 1,551,017 | 2,809,455 | 96.51% | Passed |
| 2023 | 2023-08-10 | 14,023,323 | 537,202 | 6,629 | 96.31% | Passed |
| 2023 | 2023-08-10 | 14,023,323 | 537,202 | 6,629 | 96.27% | Passed |
| 2020 | 2020-07-31 | 15,517,746 | 117,105 | 9,128 | 99.25% | 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 | 2026-08-06 | 96.51%a |
| 2023 | 2023-08-10 | 96.27%b |
| 2023 | 2023-08-10 | 96.31%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal.”.
c. 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.
| Ratio (CEO : median employee) | 20 : 1 |
|---|---|
| CEO total compensation | $1,191,679 |
| Median employee compensation | $64,384 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| R. Judd JessupIndependent | $108,000 | — | $64,963 | — | $0 | $172,963 |
| Alan R. HoopsIndependent | 101,000 | — | 64,963 | — | 0 | 165,963 |
| Steven J. HamerslagIndependent | 100,000 | — | 64,963 | — | 0 | 164,963 |
| Joanna C. BurkeyIndependent | 100,000 | — | 64,963 | — | 0 | 164,963 |
| Jeffrey J. MichaelIndependent | 98,000 | — | 64,963 | — | 0 | 162,963 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $3,000 |
| Committee chair fees (audit / comp / nom-gov) | 4,000 |
| Stock ownership guideline | — |
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $507,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $507,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Corvel Corp | 2026 | Michael Combs | $679,327 | $0 | $101,716 | $498,809 | $1,285,043 |
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, Michael Combs | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Summary Compensation Table” · page 33. As printed: 1,285,043. Filing ↗machine: span 348386–348395 |
| 2 | Section 01, Brian Nichols | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Summary Compensation Table” · page 33. As printed: 492,455. Filing ↗machine: span 357182–357189 |
| 3 | Section 07, pay ratio | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “CEO Pay Ratio”. As printed: 20 : 1. Filing ↗machine: span 685181–685185 |
| 4 | Section 08, R. Judd Jessup | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Director Compensation”. As printed: 172,963. Filing ↗machine: t101 · r5 · c15 · span 706522–706529 |
| 5 | Section 08, Alan R. Hoops | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Director Compensation”. As printed: 165,963. Filing ↗machine: t101 · r4 · c15 · span 705179–705186 |
| 6 | Section 08, Steven J. Hamerslag | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Director Compensation”. As printed: 164,963. Filing ↗machine: t101 · r3 · c15 · span 703812–703819 |
| 7 | Section 08, Joanna C. Burkey | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Director Compensation”. As printed: 164,963. Filing ↗machine: t101 · r2 · c15 · span 702464–702471 |
| 8 | Section 08, Jeffrey J. Michael | DEF 14A | 2026-06-26 | 0001193125-26-285509 | Section “Director Compensation”. As printed: 162,963. Filing ↗machine: t101 · r6 · c15 · span 707893–707900 |
| 9 | Section 02, Sarah A. Scott 2026-07-01 | Form 4 | 2026-07-24 | 0002141901-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 10 | Section 02, Mark E. Bertels 2026-07-29 | Form 4 | 2026-07-30 | 0001921051-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 11 | Section 02, Mark E. Bertels 2026-07-29 | Form 4 | 2026-07-30 | 0001921051-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 12 | Section 02, Mark E. Bertels 2026-07-29 | Form 4 | 2026-07-30 | 0001921051-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 13 | Section 02, Mark E. Bertels 2026-07-29 | Form 4 | 2026-07-30 | 0001921051-26-000012 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 14 | Section 06, 2026 vote | Form 8-K | 2026-08-11 | 0001193125-26-345046 | Item 5.07 · say-on-pay result. As reported: 96.51% (votes for as printed: 42,909,830). Filing ↗ |
| 15 | Section 06, 2023 vote | Form 8-K | 2023-08-15 | 0001193125-23-213461 | Item 5.07 · say-on-pay result. As reported: 96.27%. Filing ↗ |
| 16 | Section 06, 2023 vote | Form 8-K | 2023-08-15 | 0001193125-23-213461 | Item 5.07 · say-on-pay result. As reported: 96.31%. Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 09b board cost (computed) | Computed | — | computed | Cash 507,000 + equity 0 + all other 0 = 507,000, summed across the director compensation table rows.machine: formula: Σ = 507,000 |
| 19 | Corvel Corp (subject), Section 10b CEO total | DEF 14A | 2026-06-26 | 0001193125-26-285509 | CEO total compensation as printed in Corvel Corp's own proxy. As printed: 1,285,043. Filing ↗machine: span 348386–348395 |