Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-13

Diamond Hill Investment Group (DHIL)

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.

$6,955,598
Heather Brilliant total, FY2025
CEO pay percentile vs peers
20:1
CEO-to-median pay ratio
96.43%
Say-on-pay support, latest vote
Companies that benchmark against DHIL
1 company names DHIL as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Heather Brilliant$400,000$1,250,000$5,250,000$0$0$0$55,598$6,955,598
Chief Executive Officer and President
Jo Ann Quinif314,1671,000,0004,000,00000052,4285,366,595
DHCM President and Chief Client Officer
Thomas Line300,000650,000300,00000050,6001,300,600
Chief Financial Officer 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 FY20242025
Heather Brilliant$6,955,598$3,004,885$2,900,000+3,950,713
Jo Ann Quinif5,366,5952,500,6002,200,000+2,865,995
Thomas Line1,300,6001,202,6001,045,000+98,000

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

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Heather BrilliantRSU2025-02-218,550$1,250,000
Jo Ann QuinifRSU2025-09-3021,4283,000,000
Heather BrilliantRSU2025-06-3027,5284,000,000
Jo Ann QuinifRSU2025-02-216,8401,000,000
Thomas LineRSU2025-02-212,052300,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Heather Brilliant$5,250,000$0$00.0%
Jo Ann Quinif4,000,000000.0%
Thomas Line300,000000.0%

% 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
Jo Ann QuinifPSU33,172$5,622,654
Heather BrilliantPSU41,6727,063,404
Thomas LinePSU3,773639,524
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy aims to attract, retain, and motivate employees who embody its values, act like owners, and advocate for client outcomes. The Company believes employees should be paid competitively and fairly, with the majority of NEO total compensation at risk in the form of cash and equity incentive compensation. Compensation is aligned with long-term client investment performance and overall Company financial results rather than pre-established formulaic metrics.

CEO STI target (% of salary)438%
CEO LTI target (% of salary)
Independent consultantMcLagan Data & Analytics (an Aon plc solution)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-04-291,918,07371,01130,83496.43%Passed
20242024-05-092,037,51777,2697,40196.35%Passed
20232023-05-112,051,28895,1957,52595.57%Passed
20222022-04-272,155,69688,72130,89796.05%Passed
20212021-04-262,087,73956,27132,65197.38%Passed
20202020-04-282,109,403140,59342,29693.75%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
20252025-04-2996.43%a
20242024-05-0996.35%b
20232023-05-1195.57%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

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.

07

CEO pay ratio

Ratio (CEO : median employee)20 : 1
CEO total compensation$6,955,598
Median employee compensation$345,350
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Richard S. CooleyIndependent · Board Chair · Audit · Compensation · Nominating and Governance$77,500$120,000$0$0$197,500
Gordon B. FowlerIndependent · Audit · Compensation · Nominating and Governance68,750120,00000188,750
L Quentus ThomasIndependent · Audit (Chair) · Compensation · Nominating and Governance58,750120,000000178,750
L'Quentus ThomasIndependent · Audit (Chair) · Compensation · Nominating and Governance58,750120,00000178,750
Paula R. MeyerIndependent · Audit · Compensation · Nominating and Governance (Chair)53,750120,00000173,750
Nicole R. St. PierreIndependent · Audit · Compensation (Chair) · Nominating and Governance53,750120,00000173,750
Diane C. NordinIndependent · Audit · Compensation · Nominating and Governance · Partial-year service · Newly elected40,0000040,000
Austin HawleyEmployee director · Partial-year service · Newly elected00000
Heather E. BrilliantEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$115,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 10,000
Stock ownership guideline$200,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$411,250
Equity awards (grant-date value)$720,000
All other compensation$0
Total cost of the board$1,131,250

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
1Diamond Hill Investment Group2025Heather Brilliant$400,000$5,250,000$0$0$6,955,598

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.

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, Heather BrilliantDEF 14A2026-04-130001193125-26-152869Section “SUMMARY COMPENSATION TABLE” · page 28. As printed: 6,955,598. Filing ↗machine: t12 · r2 · c23 · span 668902–668911
2Section 01, Jo Ann QuinifDEF 14A2026-04-130001193125-26-152869Section “SUMMARY COMPENSATION TABLE” · page 28. As printed: 5,366,595. Filing ↗machine: t12 · r10 · c23 · span 736031–736040
3Section 01, Thomas LineDEF 14A2026-04-130001193125-26-152869Section “SUMMARY COMPENSATION TABLE” · page 28. As printed: 1,300,600. Filing ↗machine: t12 · r6 · c23 · span 702431–702440
4Section 03, Heather Brilliant RSUDEF 14A2026-04-130001193125-26-152869Section “GRANT OF PLAN BASED AWARDS FOR 2024” · grants of plan-based awards table. Filing ↗machine: t14 · r2 · c7 · span 801205–801210
5Section 03, Jo Ann Quinif RSUDEF 14A2026-04-130001193125-26-152869Section “GRANT OF PLAN BASED AWARDS FOR 2024” · grants of plan-based awards table. Filing ↗machine: t14 · r6 · c7 · span 819908–819914
6Section 03, Heather Brilliant RSUDEF 14A2026-04-130001193125-26-152869Section “GRANT OF PLAN BASED AWARDS FOR 2024” · grants of plan-based awards table. Filing ↗machine: t14 · r3 · c7 · span 805886–805892
7Section 03, Jo Ann Quinif RSUDEF 14A2026-04-130001193125-26-152869Section “GRANT OF PLAN BASED AWARDS FOR 2024” · grants of plan-based awards table. Filing ↗machine: t14 · r5 · c7 · span 815234–815239
8Section 03, Thomas Line RSUDEF 14A2026-04-130001193125-26-152869Section “GRANT OF PLAN BASED AWARDS FOR 2024” · grants of plan-based awards table. Filing ↗machine: t14 · r4 · c7 · span 810562–810567
9Section 07, pay ratioDEF 14A0001193125-26-152869Section “CEO Pay Ratio”. As printed: 20 : 1.machine: span 574350–574352
10Section 08, Richard S. CooleyDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 197,500. Filing ↗machine: t8 · r3 · c11 · span 410608–410615
11Section 08, Gordon B. FowlerDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 188,750. Filing ↗machine: t8 · r4 · c11 · span 415234–415241
12Section 08, L Quentus ThomasDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 178,750. Filing ↗machine: t8 · r9 · c11 · span 438528–438535
13Section 08, L'Quentus ThomasDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 178,750. Filing ↗machine: t8 · r9 · c11 · span 438528–438535
14Section 08, Paula R. MeyerDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 173,750. Filing ↗machine: t8 · r6 · c11 · span 424482–424489
15Section 08, Nicole R. St. PierreDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 173,750. Filing ↗machine: t8 · r8 · c11 · span 433896–433903
16Section 08, Diane C. NordinDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 40,000. Filing ↗machine: t8 · r7 · c3 · span 426490–426496
17Section 08, Austin HawleyDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 0. Filing ↗machine: t8 · r5 · c11 · span 419703–419704
18Section 08, Heather E. BrilliantDEF 14A2026-04-130001193125-26-152869Section “Director Compensation”. As printed: 0. Filing ↗machine: t8 · r2 · c11 · span 405826–405827
19Section 06, 2025 voteForm 8-K2025-04-290000909108-25-000024Item 5.07 · say-on-pay result. As reported: 96.43% (votes for as printed: 1,918,073). Filing ↗
20Section 06, 2024 voteForm 8-K2024-05-090000909108-24-000025Item 5.07 · say-on-pay result. As reported: 96.35% (votes for as printed: 2,037,517). Filing ↗
21Section 06, 2023 voteForm 8-K2023-05-110000909108-23-000038Item 5.07 · say-on-pay result. As reported: 95.57% (votes for as printed: 2,051,288). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 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
24Section 09b board cost (computed)ComputedcomputedCash 411,250 + equity 720,000 + all other 0 = 1,131,250, summed across the director compensation table rows.machine: formula: Σ = 1,131,250
25Diamond Hill Investment Group (subject), Section 10b CEO totalDEF 14A2026-04-130001193125-26-152869CEO total compensation as printed in Diamond Hill Investment Group's own proxy. As printed: 6,955,598. Filing ↗machine: t12 · r2 · c23 · span 668902–668911