Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-12

Krispy Kreme (DNUT)

CEO Joshua Charlesworth was paid $3,693,795 in fiscal year 2025, ↑ up 47.1% from fiscal year 2024, the 7th percentile of its disclosed peer group (SEC filing 0001193125-26-182138 ↗): 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.

$3,693,795 ↑
Joshua Charlesworth total, FY2025
7th
CEO pay percentile vs peers
111:1
CEO-to-median pay ratio
98.77%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Joshua Charlesworth (President & Chief Executive Officer), FY2025 total compensation $3,693,795 (base salary $1,000,000) [exec_comp, SEC accession 0001193125-26-182138, filed 2026-04-27]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

DNUT's next annual pay disclosure, estimated April 27, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joshua Charlesworth$1,000,000$0$2,124,677$553,000$0$0$16,118$3,693,795
President & Chief Executive Officer
Raphael Duvivier572,17101,714,609474,0000050,5022,811,282
Chief Financial Officer
Nicola Steele382,69101,604,080395,00023,2420186,9912,592,004
Chief Operating Officer
Alison Holder408,17301,443,077316,0000015,4672,182,717
Chief Brand & Product Officer
Theresa Zandhuis550,00001,242,609316,0000016,1162,124,725
Former Chief People Officer
Jeremiah Ashukian362,5000748,25600014,3331,125,089
Former 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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Joshua Charlesworth$3,693,795$2,510,455$11,260,174↑ +1,183,340
Raphael Duvivier2,811,2821,486,6263,180,372↑ +1,324,656
Nicola Steele2,592,004———
Alison Holder2,182,717———
Theresa Zandhuis2,124,7252,167,871—↓ −43,146
Jeremiah Ashukian1,125,0891,777,4866,519,103↓ −652,397

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

You have just read Krispy Kreme's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper DNUT reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

How we handle your data → Privacy

Companies that benchmark against DNUT
7 companies name DNUT as a compensation peer

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

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
Bernardo HeesDirector$322,695
David BellFormer director (through FY2025)$30,000
David DenoIndependent Director$213,271
Debbie RobertsFormer director (through FY2025)$30,000
Easwaran SundaramIndependent Director$167,694
Gerhard PleuhsLead Independent Director$222,887
Gordon von BrettenFormer director (through FY2025)$167,694
Marissa AndradaIndependent Director$208,079
Melissa WerneckIndependent Director$30,000
Michelle WeeseFormer director (through FY2025)$30,000
Olivier GoudetFormer director (through FY2025)$100,000
Patricia CapelChair of the Board$363,231
Patrick GrismerIndependent Director$170,373
Paul MichaelsFormer director (through FY2025)$40,000
Philip TelferFormer director (through FY2025)$32,500
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
Joshua CharlesworthPSU2025-05-05—497,673—995,346$497,673
Joshua CharlesworthOPTION2025-07-14—563,500350,0001,127,0001,680,000
Nicola SteeleOPTION2025-07-14—402,500250,000805,0001,200,000
Nicola SteelePSU2025-05-05—199,072—398,143199,072
Raphael DuvivierRSU2025-04-10——69,931—300,004
Theresa ZandhuisRSU2025-04-10——69,931—300,004
Joshua CharlesworthRSU2025-04-10——116,551—500,004
Theresa ZandhuisOPTION2025-07-14—322,000200,000644,000960,000
Jeremiah AshukianRSU2025-04-10——87,413—375,002
Nicola SteeleRSU2025-04-10——139,862—600,008
Raphael DuvivierOPTION2025-07-14—483,000300,000966,0001,590,000
Alison HolderOPTION2025-07-14—322,000200,000644,000960,000
Alison HolderRSU2025-10-01——104,439—400,001
Alison HolderRSU2025-04-10——46,621—200,004
Jeremiah AshukianPSU2025-05-05—373,254—746,508373,254
Theresa ZandhuisPSU2025-05-05—298,605—597,211298,605
Raphael DuvivierPSU2025-05-05—298,605—597,211298,605
Alison HolderPSU2025-05-05—199,072—398,143199,072
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joshua Charlesworth$500,004$497,673$1,680,00018.6%
Nicola Steele600,008199,0721,200,00010.0%
Raphael Duvivier300,004298,6051,590,00013.6%
Theresa Zandhuis300,004298,605960,00019.2%
Jeremiah Ashukian375,002373,254049.9%
Alison Holder600,005199,072960,00011.3%

% 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
Raphael DuvivierOption300,0003.22—
Raphael DuvivierRSU196,584—841,380
Joshua CharlesworthRSU492,142—2,106,368
Joshua CharlesworthRSU175,000—749,000
Joshua CharlesworthPSU175,000—749,000
Joshua CharlesworthRSU24,672—105,596
Raphael DuvivierPSU150,000—642,000
Joshua CharlesworthRSU140,545—601,533
Nicola SteeleRSU139,862—598,609
Nicola SteeleRSU125,000—535,000
Nicola SteelePSU125,000—535,000
Joshua CharlesworthRSU116,551—498,838
Alison HolderRSU104,439—446,999
Alison HolderRSU46,621—199,538
Alison HolderRSU100,000—428,000
Alison HolderPSU100,000—428,000
Theresa ZandhuisRSU100,000—428,000
Theresa ZandhuisPSU100,000—428,000
Theresa ZandhuisOption33,14614.61—
Raphael DuvivierRSU95,970—410,752
Theresa ZandhuisRSU86,726—371,187
Raphael DuvivierRSU69,931—299,305
Theresa ZandhuisRSU69,931—299,305
Nicola SteeleRSU46,621—199,538
Joshua CharlesworthRSU33,356—142,764
Joshua CharlesworthPSU33,356—142,764
Nicola SteeleRSU31,799—136,100
Raphael DuvivierRSU28,259—120,949
Joshua CharlesworthRSU26,613—113,904
Raphael DuvivierRSU20,014—85,660
Raphael DuvivierPSU20,014—85,660
Theresa ZandhuisPSU20,014—85,660
Theresa ZandhuisRSU19,737—84,474
Alison HolderRSU15,534—66,486
Joshua CharlesworthRSU13,803—59,077
Theresa ZandhuisRSU13,307—56,954
Joshua CharlesworthPSU12,336—52,798
Theresa ZandhuisRSU11,042—47,260
Nicola SteeleRSU10,007—42,830
Nicola SteelePSU10,007—42,830
Theresa ZandhuisPSU9,869—42,239
Alison HolderRSU8,339—35,691
Nicola SteeleRSU966—4,134
Alison HolderPSU8,339—35,691
Raphael DuvivierPSU4,935—21,122
Nicola SteelePSU4,935—21,122
Raphael DuvivierRSU4,141—17,723
Alison HolderPSU4,112—17,599
Alison HolderRSU2,761—11,817
Joshua CharlesworthOption66,29314.61—
Joshua CharlesworthOption350,0003.22—
Alison HolderOption200,0003.22—
Nicola SteeleOption250,0003.22—
Theresa ZandhuisOption200,0003.22—
05

Incentive-plan design — the Compensation Discussion & Analysis

The overarching objective of the executive compensation program is to attract, retain, and motivate superior executive talent essential to drive sustained growth and stockholder value creation. The program is designed to be performance-driven, competitive and equitable, focused on long-term sustainable growth, and transparent, while maintaining competitiveness and mitigating excessive risk-taking.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-10106,613,8201,323,67377,26498.77%Passed
20252025-06-17113,335,224592,83041,97199.44%Passed
20242024-06-18115,310,7213,193,95583,79897.24%Passed
20232023-06-22105,400,863701,69721,79299.32%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
20262026-06-1098.77%a
20252025-06-1799.44%b
20242024-06-1897.24%c

a. Approved under the standard stated in the filing — “Broker non-votes and abstentions will not be counted as having been voted on this proposal and therefore will have no effect on the vote.”.

b. Approved under the standard stated in the filing — “An abstention will be counted as having been voted on Proposal 2 and therefore will have the effect of a vote against the applicable proposal.”.

c. Approved under the standard stated in the filing — “For the other proposals, an abstention will be counted as having been voted on the applicable proposal, and therefore will have the effect of a vote against the applicable proposal, assuming a quorum is present.”.

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)111 : 1
CEO total compensation$3,693,795
Median employee compensation$33,327
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Patricia CapelNot independent · Board Chair$113,228$250,003———$363,231
Bernardo HeesNot independent · STRATEGY AND OPERATING COMMITTEE (Chair)72,692250,003———322,695
Gerhard PleuhsIndependent · Lead Independent Director · Audit and Finance · Compensation, Nomination, and Governance · Not standing for re-election92,885130,002———222,887
David DenoIndependent · AUDIT AND FINANCE COMMITTEE (Chair)83,269130,002———213,271
Marissa AndradaIndependent · Compensation, Nomination, and Governance (Chair) · Not standing for re-election78,077130,002———208,079
Patrick GrismerIndependent · AUDIT AND FINANCE COMMITTEE40,371130,002———170,373
Gordon von BrettenNot independent · Not standing for re-election · Departed during FY37,692130,002———167,694
Easwaran SundaramIndependent · AUDIT AND FINANCE COMMITTEE · COMPENSATION, NOMINATION, AND GOVERNANCE COMMITTEE*37,692130,002———167,694
Olivier GoudetNot independent · Not standing for re-election · Departed during FY100,0000———100,000
Paul MichaelsIndependent · Not standing for re-election · Departed during FY40,0000———40,000
Philip TelferNot independent · Not standing for re-election · Departed during FY32,5000———32,500
Michelle WeeseNot independent · Not standing for re-election · Departed during FY30,0000———30,000
Debbie RobertsNot independent · Not standing for re-election · Departed during FY30,0000———30,000
David BellNot independent · Not standing for re-election · Departed during FY30,0000———30,000
Melissa WerneckIndependent · Compensation, Nomination, and Governance30,00000—030,000
Joshua CharlesworthEmployee director · STRATEGY AND OPERATING COMMITTEE—————0
David ShearIndependent · Compensation, Nomination, and Governance · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$130,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)85,000 / 80,000 / 80,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$848,406
Equity awards (grant-date value)$1,280,018
All other compensation$0
Total cost of the board$2,128,424

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

10

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.

10a

Peer reciprocity

Of the companies Krispy Kreme names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Krispy Kreme.

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
1Monster Beverage Corporation2025Hilton Schlosberg$1,250,000$10,687,460$3,493,351$3,750,000$19,282,630
2Chipotle Mexican Grill, Inc.2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
3Restaurant Brands International Inc.2025Joshua Kobza950,00012,317,91201,869,27615,159,780
4Texas Roadhouse, Inc.2025Gerald Morgan1,356,5388,410,9280909,41310,822,133
5Domino’s Pizza, Inc.2025Russell Weiner925,0005,803,3941,812,5111,850,00010,696,081
6Yum! Brands, Inc.2025Chris Turner1,020,2884,651,7631,400,0321,842,8629,130,462
7Papa John’s International, Inc.2025Todd Penegor1,000,0005,300,02601,585,5008,442,953
8Cheesecake Factory, Inc.2025David Overton1,030,0005,902,124—1,445,6058,419,852
9YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
10Shake Shack, Inc.2025Robert Lynch1,000,0005,000,16101,011,7507,210,818
11Dutch Bros Inc.2025Christine Barone850,0003,931,22501,870,0006,668,231
12Bloomin’ Brands, Inc.2025Michael Spanos1,000,0003,333,33701,155,0005,495,861
13Jack in the Box Inc.2025Lance Tucker624,0383,636,0950310,5215,271,591
14The Wendy’s Company2025Kirk Tanner559,7264,019,990004,590,665
15Krispy Kreme2025Joshua Charlesworth1,000,0002,124,677553,00003,693,795
16Sweetgreen, Inc.2025Jonathan Neman550,00002,675,93703,226,081

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Krispy Kreme0%PRSU 50 · RSU 50NoFW Cook
Bloomin’ Brands, Inc.66%PSU 67 · RSU 33NoFW Cook
Cheesecake Factory, Inc.100.25%PSU 50 · RSU 50NoFW Cook
Chipotle Mexican Grill, Inc.53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Domino’s Pizza, Inc.100.0%PSU 55 · Options 25 · RSU 20NoMeridian Compensation Partners, LLC
Dutch Bros Inc.not disclosedRSU 50 · PSU 50not disclosedSemler Brossy
Jack in the Box Inc.47.6%PSU 50 · RSU 50NoMeridian Compensation Partners
Monster Beverage Corporationnot disclosedPSU 50 · Option 25 · RSU 25not disclosedFrederic W. Cook & Co., Inc.
Papa John’s International, Inc.105.7%RSU 50 · PSU 50NoMeridian Compensation Partners
Restaurant Brands International Inc.98%not disclosedYes — Relative TSR vs S&P 500Frederic W. Cook & Co., Inc.
Shake Shack, Inc.67.5%PSU 60 · RSU 40NoPearl Meyer & Partners
Sweetgreen, Inc.not disclosednot disclosednot disclosedSemler Brossy
Texas Roadhouse, Inc.65%not disclosedNoFW Cook
The Wendy’s Company39.6%PSU 60 · Options 25 · RSU 15NoFW Cook
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook
Yum! Brands, Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — TSR Relative to S&P 500 Consumer Discretionary IndexMeridian Compensation 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.

10d

Frequently asked questions

Who was the highest-paid executive at Krispy Kreme in fiscal 2025?
As disclosed, Joshua Charlesworth (President & Chief Executive Officer) was the highest-paid executive at Krispy Kreme in fiscal 2025, with total compensation of $3,693,795.
How does Krispy Kreme's chief executive pay compare to its disclosed peer group?
As disclosed, Joshua Charlesworth's total compensation ranked at the 7th percentile of Krispy Kreme's disclosed peer group.
What is Krispy Kreme's CEO-to-median employee pay ratio?
As disclosed, Krispy Kreme's CEO-to-median employee pay ratio was 111:1.
How did shareholders vote on Krispy Kreme's executive compensation?
As disclosed, 98.77% of shareholders supported Krispy Kreme's executive compensation in the latest say-on-pay vote.
How much does Krispy Kreme spend in total on board compensation for fiscal 2025?
As disclosed, Krispy Kreme reported total board compensation of $2,128,424 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, Joshua CharlesworthDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 3,693,795. Filing ↗machine: r3 · c39 · span 743100–743109
2Section 01, Raphael DuvivierDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,811,282. Filing ↗machine: r7 · c39 · span 755715–755724
3Section 01, Nicola SteeleDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,592,004. Filing ↗machine: r17 · c39 · span 785255–785264
4Section 01, Alison HolderDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,182,717. Filing ↗machine: r15 · c39 · span 781100–781109
5Section 01, Theresa ZandhuisDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 2,124,725. Filing ↗machine: r19 · c39 · span 789496–789505
6Section 01, Jeremiah AshukianDEF 14A2026-04-270001193125-26-182138Section “2025 Summary Compensation Table”. As printed: 1,125,089. Filing ↗machine: r11 · c39 · span 768428–768437
7Section 03, Joshua Charlesworth PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 853949–853956
8Section 03, Joshua Charlesworth OPTIONDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 861781–861790
9Section 03, Nicola Steele OPTIONDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 954688–954697
10Section 03, Nicola Steele PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 946858–946865
11Section 03, Raphael Duvivier RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 873642–873649
12Section 03, Theresa Zandhuis RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 966547–966554
13Section 03, Joshua Charlesworth RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 850478–850485
14Section 03, Theresa Zandhuis OPTIONDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 980100–980107
15Section 03, Jeremiah Ashukian RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 896864–896871
16Section 03, Nicola Steele RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 943387–943394
17Section 03, Raphael Duvivier OPTIONDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 885046–885055
18Section 03, Alison Holder OPTIONDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 925772–925779
19Section 03, Alison Holder RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 931629–931636
20Section 03, Alison Holder RSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 914371–914378
21Section 03, Jeremiah Ashukian PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 900335–900342
22Section 03, Theresa Zandhuis PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 970068–970075
23Section 03, Raphael Duvivier PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 877163–877170
24Section 03, Alison Holder PSUDEF 14A1900-01-010001193125-26-182138Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 917892–917899
25Section 07, pay ratioDEF 14A2026-04-270001193125-26-182138Section “CEO Pay Ratio”. As printed: 111 : 1. Filing ↗
26Section 08, Patricia CapelDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 363,231. Filing ↗
27Section 08, Bernardo HeesDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 322,695. Filing ↗
28Section 08, Gerhard PleuhsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 222,887. Filing ↗
29Section 08, David DenoDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 213,271. Filing ↗
30Section 08, Marissa AndradaDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 208,079. Filing ↗
31Section 08, Patrick GrismerDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 170,373. Filing ↗
32Section 08, Gordon von BrettenDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 167,694. Filing ↗
33Section 08, Easwaran SundaramDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 167,694. Filing ↗
34Section 08, Olivier GoudetDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 100,000. Filing ↗
35Section 08, Paul MichaelsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 40,000. Filing ↗
36Section 08, Philip TelferDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 32,500. Filing ↗
37Section 08, Michelle WeeseDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗
38Section 08, Debbie RobertsDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗
39Section 08, David BellDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗
40Section 08, Melissa WerneckDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 30,000. Filing ↗
41Section 08, Joshua CharlesworthDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: 0. Filing ↗
42Section 08, David ShearDEF 14A2026-04-270001193125-26-182138Section “Director Compensation”. As printed: —. Filing ↗
43Section 06, 2026 voteForm 8-K2026-06-120001857154-26-000039Item 5.07 · say-on-pay result. As reported: 98.77% (votes for as printed: 106,613,820). Filing ↗
44Section 06, 2025 voteForm 8-K2025-06-200001857154-25-000088Item 5.07 · say-on-pay result. As reported: 99.44% (votes for as printed: 113,335,224). Filing ↗
45Section 06, 2024 voteForm 8-K2024-06-200001857154-24-000072Item 5.07 · say-on-pay result. As reported: 97.24% (votes for as printed: 115,310,721.46). Filing ↗
46Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
47Section 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).machine: formula: sums + PSU ratio
48Section 09b board cost (computed)Computed——Cash 848,406 + equity 1,280,018 + all other 0 = 2,128,424, summed across the director compensation table rows.machine: formula: Σ = 2,128,424
49Monster Beverage Corporation, Section 10b CEO totalDEF 14A2026-03-270001104659-26-035990CEO total compensation as printed in Monster Beverage Corporation's own proxy. As printed: 19,282,630. Filing ↗
50Chipotle Mexican Grill, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
51Restaurant Brands International Inc., Section 10b CEO totalDEF 14A2026-04-230001193125-26-171760CEO total compensation as printed in Restaurant Brands International Inc.'s own proxy. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
52Texas Roadhouse, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041771CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. Filing ↗machine: r3 · c14 · span 1328962–1328972
53Domino’s Pizza, Inc., Section 10b CEO totalDEF 14A2026-03-100001286681-26-000012CEO total compensation as printed in Domino’s Pizza, Inc.'s own proxy. As printed: 10,696,081. Filing ↗machine: t96 · r2 · c18 · span 1510987–1510997
54Yum! Brands, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in Yum! Brands, Inc.'s own proxy. As printed: 9,130,462. Filing ↗machine: r12 · c11 · span 2009186–2009195
55Papa John’s International, Inc., Section 10b CEO totalDEF 14A2026-03-260001628280-26-021204CEO total compensation as printed in Papa John’s International, Inc.'s own proxy. As printed: 8,442,953. Filing ↗machine: r4 · c27 · span 841964–841973
56Cheesecake Factory, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-042016CEO total compensation as printed in Cheesecake Factory, Inc.'s own proxy. As printed: 8,419,852. Filing ↗machine: r1 · c64 · span 783270–783279
57YETI Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings, Inc.'s own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
58Shake Shack, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051572CEO total compensation as printed in Shake Shack, Inc.'s own proxy. As printed: 7,210,818. Filing ↗machine: r1 · c54 · span 604209–604218
59Dutch Bros Inc., Section 10b CEO totalDEF 14A2026-03-310001866581-26-000055CEO total compensation as printed in Dutch Bros Inc.'s own proxy. As printed: 6,668,231. Filing ↗machine: r7 · c42 · span 634877–634886
60Bloomin’ Brands, Inc., Section 10b CEO totalDEF 14A2026-03-030001546417-26-000015CEO total compensation as printed in Bloomin’ Brands, Inc.'s own proxy. As printed: 5,495,861. Filing ↗machine: span 923483–923492
61Jack in the Box Inc., Section 10b CEO totalDEF 14A2026-01-210000807882-26-000009CEO total compensation as printed in Jack in the Box Inc.'s own proxy. As printed: 5,271,591. Filing ↗machine: span 1019487–1019496
62The Wendy’s Company, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140220CEO total compensation as printed in The Wendy’s Company's own proxy. As printed: 4,590,665. Filing ↗machine: t191 · r15 · c39 · span 1049351–1049360
63Krispy Kreme (subject), Section 10b CEO totalDEF 14A2026-04-270001193125-26-182138CEO total compensation as printed in Krispy Kreme's own proxy. As printed: 3,693,795. Filing ↗machine: r3 · c39 · span 743100–743109
64Sweetgreen, Inc., Section 10b CEO totalDEF 14A2026-04-230001140361-26-016260CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. Filing ↗machine: r2 · c25 · span 758912–758922
65Section 10a, Chipotle Mexican Grill, Inc. reciprocityDEF 14A—0001140361-26-017294Chipotle Mexican Grill, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
66Section 10a, Dutch Bros Inc. reciprocityDEF 14A—0001866581-26-000055Dutch Bros Inc. names Krispy Kreme in its own disclosed peer group (read from its most recent proxy). Filing ↗
67Section 10a, Monster Beverage Corporation reciprocityDEF 14A—0001104659-26-035990Monster Beverage Corporation's most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
68Section 10a, Restaurant Brands International Inc. reciprocityDEF 14A—0001193125-26-171760Restaurant Brands International Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
69Section 10a, Shake Shack, Inc. reciprocityDEF 14A—0001104659-26-051572Shake Shack, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
70Section 10a, Sweetgreen, Inc. reciprocityDEF 14A—0001140361-26-016260Sweetgreen, Inc. names Krispy Kreme in its own disclosed peer group (read from its most recent proxy). Filing ↗
71Section 10a, Texas Roadhouse, Inc. reciprocityDEF 14A—0001104659-26-041771Texas Roadhouse, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
72Section 10a, YETI Holdings, Inc. reciprocityDEF 14A—0001140361-26-011375YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
73Section 10a, Yum! Brands, Inc. reciprocityDEF 14A—0001193125-26-142078Yum! Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
74Section 10a, Papa John’s International, Inc. reciprocityDEF 14A—0001628280-26-021204Papa John’s International, Inc. names Krispy Kreme in its own disclosed peer group (read from its most recent proxy). Filing ↗
75Section 10a, Domino’s Pizza, Inc. reciprocityDEF 14A—0001286681-26-000012Domino’s Pizza, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
76Section 10a, Bloomin’ Brands, Inc. reciprocityDEF 14A—0001546417-26-000015Bloomin’ Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗
77Section 10a, The Wendy’s Company reciprocityDEF 14A—0001193125-26-140220The Wendy’s Company's most recent proxy was read; its disclosed peer group does not include Krispy Kreme. Filing ↗

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.