Companies Camping World Holdings
Camping World (CWH): executive pay, fiscal 2025
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CEO pay, last three years
- $2,670,054FY2023
- $2,900,967FY2024
- $1,282,701FY2025
CEO total pay was $1,282,701 in fiscal 2025, down from $2,900,967 in fiscal 2024.
FY2025: salary $300,000
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Marcus Lemonis | $1,500,000 | $3,000,000 | $25,903,782 | — | — | — | $1,082 | $30,404,864 |
| Co-Founder and Special Advisor and Former CEO and Chairman | ||||||||
| Matthew Wagner | 300,000 | — | — | — | 925,114 | — | 57,587 | 1,282,701 |
| Chief Executive Officer and President | ||||||||
| Thomas Kirn | 400,000 | — | — | — | 800,000 | — | — | 1,200,000 |
| Chief Financial Officer | ||||||||
| Lindsey Christen | 300,000 | — | — | — | 600,000 | — | 50,038 | 950,038 |
| Chief Administrative and Legal Officer 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Marcus Lemonis | $30,404,864 | $13,414 | $11,241 | ↑ +30,391,450 |
| Matthew Wagner | 1,282,701 | 2,900,967 | 2,670,054 | ↓ −1,618,266 |
| Thomas Kirn | 1,200,000 | 2,776,277 | 1,315,656 | ↓ −1,576,277 |
| Lindsey Christen | 950,038 | 2,707,112 | 1,600,405 | ↓ −1,757,074 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation programs are designed to attract, motivate, and retain our named executive officers, who are critical to our success.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Marcus Lemonis | PSU | 2025-01-26 | 187,500 | 750,000 | — | 750,000 | $10,378,125 |
| Marcus Lemonis | RSU | 2025-01-26 | — | — | 600,000 | — | 13,275,660 |
| Marcus Lemonis | PSU | 2025-01-26 | — | — | — | — | 2,249,997 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Marcus Lemonis | $13,275,660 | $12,628,122 | $0 | 48.8% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Thomas Kirn | RSU | 1,000 | — | $9,730 |
| Thomas Kirn | RSU | 4,000 | — | 38,920 |
| Lindsey Christen | RSU | 4,000 | — | 38,920 |
| Matthew Wagner | RSU | 10,000 | — | 97,300 |
| Thomas Kirn | RSU | 12,000 | — | 116,760 |
| Lindsey Christen | RSU | 18,000 | — | 175,140 |
| Matthew Wagner | RSU | 45,000 | — | 437,850 |
| Thomas Kirn | RSU | 80,000 | — | 778,400 |
| Matthew Wagner | RSU | 80,000 | — | 778,400 |
| Lindsey Christen | RSU | 80,000 | — | 778,400 |
| Marcus Lemonis | RSU | 750,000 | — | 7,297,500 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Brent MoodyNot independent · Board Chair · Audit · Compensation · Nominating and Corporate Governance | $100,000 | $249,973 | — | — | — | $349,973 |
| Mary J. GeorgeIndependent · Lead Independent Director · Compensation | 165,302 | 149,987 | — | — | — | 315,289 |
| Michael W. MaloneIndependent · Audit (Chair) · Nominating and Corporate Governance | 137,500 | 149,987 | — | — | — | 287,487 |
| K. Dillon SchickliIndependent · Audit · Nominating and Corporate Governance (Chair) | 131,566 | 149,987 | — | — | — | 281,553 |
| Andris A. BaltinsIndependent · Compensation (Chair) · Nominating and Corporate Governance | 122,830 | 149,987 | — | — | — | 272,817 |
| Kathleen S. LaneIndependent · Audit | 117,500 | 149,987 | — | — | — | 267,487 |
| Brian P. CassidyIndependent · Compensation | 112,500 | 149,987 | — | — | — | 262,487 |
| Matthew D. WagnerEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 20,000 / 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $887,198 |
| Equity awards (grant-date value) | $1,149,895 |
| All other compensation | $0 |
| Total cost of the board | $2,037,093 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Camping World as a peer
Companies that benchmark against CWH
3 companies name CWH as a compensation peer
The list of companies that name CWH as a peer is temporarily unavailable — recheck shortly.
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.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Tractor Supply Co. | 2025 | Harry Lawton III | $1,344,231 | $26,937,383 | $2,311,740 | $1,635,837 | $32,277,194 |
| 2 | Lithia Motors Inc. | 2025 | Bryan DeBoer | 1,300,000 | 10,736,203 | 0 | 3,783,000 | 15,895,468 |
| 3 | Dicks Sporting Goods Inc. | 2025 | Lauren Hobart | 1,393,269 | 11,000,166 | 0 | 2,438,221 | 15,103,545 |
| 4 | Brunswick Corp.(1) | 2025 | David Foulkes | 1,250,577 | 9,750,026 | 0 | 1,876,000 | 13,020,607 |
| 5 | Thor Industries Inc. | 2026 | Robert Martin | 750,000 | 6,522,480 | 0 | 5,204,673 | 12,486,248 |
| 6 | Sonic Automotive Inc. | 2025 | David Bruton Smith | 1,737,276 | 3,979,216 | 0 | 5,646,147 | 11,830,626 |
| 7 | Autozone Inc. | 2026 | Philip Daniele III | 1,169,231 | 17,829 | 8,276,763 | 1,607,097 | 11,236,964 |
| 8 | Polaris Inc. | 2025 | Michael Speetzen | 1,216,562 | 3,292,784 | 3,661,011 | 2,719,747 | 11,144,637 |
| 9 | Group 1 Automotive Inc. | 2025 | Daryl Kenningham | 1,300,000 | 6,999,819 | 0 | 1,986,656 | 11,120,439 |
| 10 | Asbury Automotive Group Inc. | 2025 | David Hult | 1,300,000 | 6,999,971 | 0 | 2,404,350 | 10,735,903 |
| 11 | Patrick Industries, Inc.(1) | 2025 | Andy Nemeth | 856,923 | 3,900,022 | 3,836,693 | 1,441,620 | 10,140,372 |
| 12 | LCI Industries(1) | 2025 | Jason Lippert | 1,195,000 | 6,221,621 | 0 | 2,345,838 | 10,093,861 |
| 13 | Advance Auto Parts Inc.(1) | 2025 | Shane O'Kelly | 1,125,000 | 6,335,529 | — | 1,640,081 | 9,121,929 |
| 14 | Cavco Industries Inc.(1) | 2026 | Bill Boor | 1,100,000 | 4,729,907 | 0 | 2,120,915 | 7,958,712 |
| 15 | Dorman Products Inc.(1) | 2025 | Kevin Olsen | 970,192 | 4,206,024 | 0 | 1,522,950 | 6,745,783 |
| 16 | O Reilly Automotive Inc. | 2025 | Brad Beckham | 1,098,798 | 0 | 1,415,657 | 1,645,807 | 4,231,108 |
| 17 | Camping World Holdings | 2025 | Matthew Wagner | 300,000 | — | — | 925,114 | 1,282,701 |
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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Camping World Holdings | not disclosed | not disclosed | not disclosed | Meridian |
| Advance Auto Parts Inc.(1) | 97% | PSU 50 · RSU 50 | No | F.W. Cook |
| Asbury Automotive Group Inc. | not disclosed | not disclosed | not disclosed | Pay Governance |
| Autozone Inc. | 105.73% | Options 100 | not disclosed | Pearl Meyer |
| Brunswick Corp.(1) | not disclosed | not disclosed | not disclosed | FW Cook |
| Cavco Industries Inc.(1) | not disclosed | not disclosed | No | Pearl Meyer Partners, LLC |
| Dicks Sporting Goods Inc. | not disclosed | PSU 50 · RSU 50 | No | Willis Towers Watson |
| Dorman Products Inc.(1) | 142% | RSU 50 · PRSU 50 | No | Meridian Compensation Partners, LLC |
| Group 1 Automotive Inc. | not disclosed | not disclosed | not disclosed | Pearl Meyer & Partners, LLC |
| LCI Industries(1) | not disclosed | not disclosed | not disclosed | Willis Towers Watson |
| Lithia Motors Inc. | 194.0% | PSU 75 · RSU 25 | No | independent compensation consultant |
| O Reilly Automotive Inc. | 146.3% | not disclosed | not disclosed | Equilar, Inc. |
| Patrick Industries, Inc.(1) | not disclosed | PRSU 80 · RSU 20 | not disclosed | Willis Towers Watson |
| Polaris Inc. | not disclosed | Option 50 · RSU 50 | not disclosed | Aon |
| Sonic Automotive Inc. | not disclosed | PRSU 100 | not disclosed | Willis Towers Watson |
| Thor Industries Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | WTW |
| Tractor Supply Co. | 80.8% | PSU 50 · Options 25 · RSU 25 | No | Pearl Meyer & Partners, LLC |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-21 | 114,352,368 | 6,076,560 | 158,323 | 94.83% | Passed |
| 2025 | 2025-05-15 | 125,103,137 | 547,269 | 958,340 | 98.81% | Passed |
| 2024 | 2024-05-14 | 92,162,339 | 447,806 | 167,708 | 99.34% | Passed |
| 2023 | 2023-05-19 | 83,687,689 | 970,342 | 160,802 | 98.67% | Passed |
| 2022 | 2022-05-13 | 75,740,644 | 5,707,724 | 407,763 | 92.53% | Passed |
| 2021 | 2021-05-14 | 92,937,696 | 951,931 | 76,407 | 98.91% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-21 | 94.83%a |
| 2025 | 2025-05-15 | 98.81%b |
| 2024 | 2024-05-14 | 99.34%c |
a. Approved under the standard stated in the filing — “VOTE REQUIRED This proposal requires the approval of the affirmative vote of the holders of a majority in voting power of the shares of Common Stock of the Company which are present electronically or by proxy and entitled to vote thereon. || Abstentions: Abstentions will have the same effect as votes against this proposal.”.
b. Approved under the standard stated in the filing — “VOTE REQUIRED This proposal requires the approval of the affirmative vote of the holders of a majority in voting power of the shares of Common Stock of the Company which are present electronically or by proxy and entitled to vote thereon. || Abstentions: Abstentions will have the same effect as votes against this proposal.”.
c. Approved under the standard stated in the filing — “ Abstentions will have the same effect as votes against the 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.
CEO pay ratio
| Ratio (CEO : median employee) | 531.2 : 1 |
|---|---|
| CEO total compensation | $30,404,864 |
| Median employee compensation | $57,238 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (39 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Marcus Lemonis. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · page 37. As printed: 30,404,864. View filing ↗
- Section 01, Matthew Wagner. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · page 37. As printed: 1,282,701. View filing ↗
- Section 01, Thomas Kirn. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · page 37. As printed: 1,200,000. View filing ↗
- Section 01, Lindsey Christen. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · page 37. As printed: 950,038. View filing ↗
- Section 03, Marcus Lemonis PSU. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 03, Marcus Lemonis RSU. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 03, Marcus Lemonis PSU. DEF 14A, filed 2026-04-09. Section “NARRATIVE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN-BASED AWARDS TABLE” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-09. Section “CEO Pay Ratio”. As printed: 531.2 : 1. View filing ↗
- Section 08, Brent Moody. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 349,973. View filing ↗
- Section 08, Mary J. George. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 315,289. View filing ↗
- Section 08, Michael W. Malone. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 287,487. View filing ↗
- Section 08, K. Dillon Schickli. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 281,553. View filing ↗
- Section 08, Andris A. Baltins. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 272,817. View filing ↗
- Section 08, Kathleen S. Lane. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 267,487. View filing ↗
- Section 08, Brian P. Cassidy. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 262,487. View filing ↗
- Section 08, Matthew D. Wagner. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-26. Item 5.07 · say-on-pay result. As reported: 94.83% (votes for as printed: 114,352,368). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 98.81% (votes for as printed: 125,103,137). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-16. Item 5.07 · say-on-pay result. As reported: 99.34% (votes for as printed: 92,162,339). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 887,198 + equity 1,149,895 + all other 0 = 2,037,093, summed across the director compensation table rows.
- Tractor Supply Co., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Tractor Supply Co.'s own proxy. As printed: 32,277,194. View filing ↗
- Lithia Motors Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Lithia Motors Inc.'s own proxy. As printed: 15,895,468. View filing ↗
- Dicks Sporting Goods Inc., Section 10b CEO total. DEF 14A, filed 2026-05-01. CEO total compensation as printed in Dicks Sporting Goods Inc.'s own proxy. As printed: 15,103,545. View filing ↗
- Brunswick Corp.(1), Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Brunswick Corp.(1)'s own proxy. As printed: 13,020,607. View filing ↗
- Thor Industries Inc., Section 10b CEO total. DEF 14A, filed 2026-11-03. CEO total compensation as printed in Thor Industries Inc.'s own proxy. As printed: 12,486,248. View filing ↗
- Sonic Automotive Inc., Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Sonic Automotive Inc.'s own proxy. As printed: 11,830,626. View filing ↗
- Autozone Inc., Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Autozone Inc.'s own proxy. As printed: 11,236,964. View filing ↗
- Polaris Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Polaris Inc.'s own proxy. As printed: 11,144,637. View filing ↗
- Group 1 Automotive Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Group 1 Automotive Inc.'s own proxy. As printed: 11,120,439. View filing ↗
- Asbury Automotive Group Inc., Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Asbury Automotive Group Inc.'s own proxy. As printed: 10,735,903. View filing ↗
- Patrick Industries, Inc.(1), Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Patrick Industries, Inc.(1)'s own proxy. As printed: 10,140,372. View filing ↗
- LCI Industries(1), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in LCI Industries(1)'s own proxy. As printed: 10,093,861. View filing ↗
- Advance Auto Parts Inc.(1), Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Advance Auto Parts Inc.(1)'s own proxy. As printed: 9,121,929. View filing ↗
- Cavco Industries Inc.(1), Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in Cavco Industries Inc.(1)'s own proxy. As printed: 7,958,712. View filing ↗
- Dorman Products Inc.(1), Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Dorman Products Inc.(1)'s own proxy. As printed: 6,745,783. View filing ↗
- O Reilly Automotive Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in O Reilly Automotive Inc.'s own proxy. As printed: 4,231,108. View filing ↗
- Camping World Holdings (subject), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Camping World Holdings's own proxy. As printed: 1,282,701. View filing ↗