Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-24

e.l.f. Beauty (ELF)

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.

$8,834,367
Tarang Amin total, FY2026
71st
CEO pay percentile vs peers
CEO-to-median pay ratio
96%
Say-on-pay support, latest vote
Companies that benchmark against ELF
4 companies name ELF as a compensation peer

Each company listed discloses ELF 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 ELF 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 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Tarang Amin$475,000$0$7,399,867$0$950,000$0$9,500$8,834,367
Chairman, Chief Executive Officer, and President
Mandy Fields350,00004,399,9770350,00007,0005,106,977
Senior Vice President and Chief Financial Officer
Josh Franks325,00004,399,9770325,00006,5005,056,477
Senior Vice President, Chief Operations Officer
Kory Marchisotto325,00004,399,9770325,00006,5005,056,477
President, e.l.f. Brands
Scott Milsten325,00004,399,9770325,00006,5005,056,477
Senior Vice President, General Counsel, Chief People Officer, and Corporate 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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY20252026
Tarang Amin$8,834,367
Mandy Fields5,106,9774,706,938
Josh Franks5,056,4775,056,194
Kory Marchisotto5,056,4775,056,194
Scott Milsten5,056,4774,656,438

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.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mandy FieldsRSU43,125$2,613,806
Josh FranksRSU43,1252,613,806
Kory MarchisottoRSU43,1252,613,806
Mandy FieldsRSU42,2372,559,985
Mandy FieldsRSU25,1961,527,130
Josh FranksRSU25,1961,527,130
Kory MarchisottoRSU19,1671,161,712
Mandy FieldsRSU9,386568,885
Kory MarchisottoRSU9,386568,885
Scott MilstenRSU9,386568,885
Josh FranksRSU8,398509,003
Kory MarchisottoRSU8,398509,003
Scott MilstenRSU42,2372,559,985
Mandy FieldsRSU19,1671,161,712
Tarang AminRSU16,425995,519
Mandy FieldsRSU8,398509,003
Tarang AminRSU30,6721,859,030
Tarang AminRSU13,213800,840
Josh FranksRSU9,386568,885
Josh FranksRSU19,1671,161,712
Tarang AminRSU72,5284,395,922
Josh FranksRSU42,2372,559,985
Scott MilstenRSU43,1252,613,806
Tarang AminRSU42,3772,568,470
Tarang AminRSU19,9451,208,866
Scott MilstenRSU18,2371,105,345
Scott MilstenRSU7,855476,091
Kory MarchisottoRSU42,2372,559,985
Scott MilstenRSU25,1961,527,130
Josh FranksRSU10,447633,193
Kory MarchisottoRSU10,447633,193
Kory MarchisottoRSU25,1961,527,130
Mandy FieldsRSU10,447633,193
Scott MilstenRSU10,447633,193
Tarang AminRSU73,9144,479,928
05

Incentive-plan design — the Compensation Discussion & Analysis

We design our executive compensation program based on a pay-for-performance philosophy. We believe our executive officers should be rewarded when we achieve our short-term and long-term strategic and financial goals, since these accomplishments are designed to align with stockholder interests.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantAon (Aon's Human Capital Solutions practice, a division of Aon plc.)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-08-2031,888,3461,330,28187,57896%Passed
20252025-08-2138,623,2992,205,696126,61894.6%Passed
20242024-08-2240,676,5562,507,31475,27794.19%Passed
20232023-08-2440,738,1713,050,12591,62093.03%Passed
20222022-08-2534,589,025943,803170,78297.34%Passed
20212021-08-2641,674,9152,283,210391,15994.81%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
20262026-08-2096%a
20252025-08-2194.6%b
20242024-08-2294.19%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast for this proposal and will have no effect on the vote for this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast for this proposal and will have no effect on the vote for this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered votes cast for this proposal and will have no effect on the vote for this 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.

08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Lauren Cooks LevitanIndependent · Lead Independent Director · Audit (Chair)$80,220$140,005$0$0$220,225
Lori KeithIndependent · Audit · Compensation55,480140,00500195,485
Kenny MitchellIndependent · Compensation (Chair)55,015140,00500195,020
Tiffany DanieleIndependent · Audit52,644140,00500192,649
Maureen WatsonIndependent · Nominating/Governance (Chair)51,060140,00500191,065
Gayle TaitIndependent · Compensation50,013140,00500190,018
Maria FerrerasIndependent · Audit48,132140,00500188,137
Chip BerghIndependent · Nominating/Governance45,124140,00500185,129
Matt FarrellIndependent · Newly elected5,918140,00500145,923
Tarang AminEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$140,005
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 6,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$443,606
Equity awards (grant-date value)$1,260,045
All other compensation$0
Total cost of the board$1,703,651

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

10

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

BOOT Boot Barn Holdings, Inc.CAVA CAVA Group, Inc.EPC Edgewell Personal Care CompanyPLNT Planet Fitness, Inc.SSTK Shutterstock, Inc.BKE The Buckle, Inc. WD-40 CompanyBRBR BellRing Brands, Inc.CELH Celsius Holdings, Inc.COTY Coty Inc.MOV Movado Group, Inc.RVLV Revolve Group, Inc.OLPX Olaplex Holdings, Inc.SMPL The Simply Good Foods CompanyYETI YETI Holdings, Inc.
10a

Peer reciprocity

Of the companies e.l.f. Beauty 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.

Boot Barn Holdings, Inc. (BOOT) CAVA Group, Inc. (CAVA) Edgewell Personal Care Company (EPC)28 Planet Fitness, Inc. (PLNT)29 Shutterstock, Inc. (SSTK)30 The Buckle, Inc. (BKE) BellRing Brands, Inc. (BRBR) Celsius Holdings, Inc. (CELH) Coty Inc. (COTY)31 Movado Group, Inc. (MOV) Revolve Group, Inc. (RVLV)32 Olaplex Holdings, Inc. (OLPX) The Simply Good Foods Company (SMPL) YETI Holdings, Inc. (YETI)33

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 e.l.f. Beauty.

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
1Coty Inc.2025Sue Nabi$3,529,800$16,041,664$0$0$19,691,333
2Edgewell Personal Care Company2025Rod Little1,100,0007,576,1000907,5009,754,366
3e.l.f. Beauty2026Tarang Amin475,0007,399,8670950,0008,834,367
4Planet Fitness, Inc.2025Colleen Keating1,000,0004,999,94901,723,3998,237,348
5YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
6Shutterstock, Inc.2024Paul Hennessy700,0005,871,6700583,8007,176,468
7Olaplex Holdings, Inc.2025Amanda Baldwin1,000,0005,000,0000515,0006,541,537
8Revolve Group, Inc.2025Mike Karanikolas450,000000484,573
Boot Barn Holdings, Inc.not in coverage universe
CAVA Group, Inc.not in coverage universe
The Buckle, Inc.not in coverage universe
BellRing Brands, Inc.not in coverage universe
Celsius Holdings, Inc.not in coverage universe
Movado Group, Inc.not in coverage universe
The Simply Good Foods Companynot in coverage universe

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
e.l.f. Beauty200%PSU 50 · RSU 50NoAon (Aon's Human Capital Solutions practice, a division of Aon plc.)
BellRing Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Boot Barn Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
CAVA Group, Inc.not disclosednot disclosednot disclosednot disclosed
Celsius Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Coty Inc.not disclosednot disclosedNoWillis Towers Watson
Edgewell Personal Care Company66%not disclosedNoMeridian
Movado Group, Inc.not disclosednot disclosednot disclosednot disclosed
Olaplex Holdings, Inc.103%RSU 100not disclosedAon
Planet Fitness, Inc.114.9%PSU 50 · RSU 50NoMeridian Compensation Partners, LLC
Revolve Group, Inc.175%Options 100not disclosednot disclosed
Shutterstock, Inc.83.4%not disclosedNoPearl Meyer
The Buckle, Inc.not disclosednot disclosednot disclosednot disclosed
The Simply Good Foods Companynot disclosednot disclosednot disclosednot disclosed
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook

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.

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, Tarang AminDEF 14A2026-07-080001600033-26-000030Section “Summary Compensation Table” · page 70. As printed: 8,834,367. Filing ↗machine: r2 · c36 · span 1742102–1742112
2Section 01, Mandy FieldsDEF 14A2026-07-080001600033-26-000030Section “Summary Compensation Table” · page 70. As printed: 5,106,977. Filing ↗machine: r5 · c36 · span 1748431–1748441
3Section 01, Josh FranksDEF 14A2026-07-080001600033-26-000030Section “Summary Compensation Table” · page 70. As printed: 5,056,477. Filing ↗machine: r8 · c36 · span 1754550–1754560
4Section 01, Kory MarchisottoDEF 14A2026-07-080001600033-26-000030Section “Summary Compensation Table” · page 70. As printed: 5,056,477. Filing ↗machine: r11 · c36 · span 1760876–1760886
5Section 01, Scott MilstenDEF 14A2026-07-080001600033-26-000030Section “Summary Compensation Table” · page 70. As printed: 5,056,477. Filing ↗machine: r14 · c36 · span 1767017–1767027
6Section 08, Lauren Cooks LevitanDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 220,225. Filing ↗machine: t112 · r7 · c6 · span 936561–936569
7Section 08, Lori KeithDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 195,485. Filing ↗machine: t112 · r6 · c6 · span 935455–935463
8Section 08, Kenny MitchellDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 195,020. Filing ↗machine: t112 · r8 · c6 · span 938005–938013
9Section 08, Tiffany DanieleDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 192,649. Filing ↗machine: t112 · r3 · c6 · span 931474–931482
10Section 08, Maureen WatsonDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 191,065. Filing ↗machine: t112 · r10 · c6 · span 940942–940950
11Section 08, Gayle TaitDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 190,018. Filing ↗machine: t112 · r9 · c6 · span 939295–939303
12Section 08, Maria FerrerasDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 188,137. Filing ↗machine: t112 · r5 · c6 · span 934015–934023
13Section 08, Chip BerghDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 185,129. Filing ↗machine: t112 · r2 · c6 · span 930347–930355
14Section 08, Matt FarrellDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 145,923. Filing ↗machine: t112 · r4 · c6 · span 932915–932923
15Section 08, Tarang AminDEF 14A2026-07-080001600033-26-000030Section “Director Compensation”. As printed: 0. Filing ↗
16Section 06, 2026 voteForm 8-K2026-08-240001600033-26-000044Item 5.07 · say-on-pay result. As reported: 96% (votes for as printed: 31,888,346). Filing ↗
17Section 06, 2025 voteForm 8-K2025-08-260001600033-25-000043Item 5.07 · say-on-pay result. As reported: 94.6% (votes for as printed: 38,623,299). Filing ↗
18Section 06, 2024 voteForm 8-K2024-08-270001193125-24-207812Item 5.07 · say-on-pay result. As reported: 94.19% (votes for as printed: 40,676,556). Filing ↗
19Section 09b board cost (computed)ComputedcomputedCash 443,606 + equity 1,260,045 + all other 0 = 1,703,651, summed across the director compensation table rows.machine: formula: Σ = 1,703,651
20Coty Inc., Section 10b CEO totalDEF 14A2025-09-300001024305-25-000058CEO total compensation as printed in Coty Inc.'s own proxy. As printed: 19,691,333. Filing ↗machine: r2 · c51 · span 651166–651176
21Edgewell Personal Care Company, Section 10b CEO totalDEF 14A2025-12-220001104659-25-123567CEO total compensation as printed in Edgewell Personal Care Company's own proxy. As printed: 9,754,366. Filing ↗machine: t89 · r1 · c51 · span 1153139–1153148
22e.l.f. Beauty (subject), Section 10b CEO totalDEF 14A2026-07-080001600033-26-000030CEO total compensation as printed in e.l.f. Beauty's own proxy. As printed: 8,834,367. Filing ↗machine: r2 · c36 · span 1742102–1742112
23Planet Fitness, Inc., Section 10b CEO totalDEF 14A2026-03-250001637207-26-000019CEO total compensation as printed in Planet Fitness, Inc.'s own proxy. As printed: 8,237,348. Filing ↗machine: r4 · c39 · span 727315–727324
24YETI 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
25Shutterstock, Inc., Section 10b CEO totalDEF 14A2025-11-200001549346-25-000050CEO total compensation as printed in Shutterstock, Inc.'s own proxy. As printed: 7,176,468. Filing ↗machine: r5 · c24 · span 438445–438454
26Olaplex Holdings, Inc., Section 10b CEO totalDEF 14A2026-05-290001868726-26-000044CEO total compensation as printed in Olaplex Holdings, Inc.'s own proxy. As printed: 6,541,537. Filing ↗machine: t27 · r3 · c8 · span 629363–629372
27Revolve Group, Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177284CEO total compensation as printed in Revolve Group, Inc.'s own proxy. As printed: 484,573. Filing ↗machine: r2 · c16 · span 474510–474517
28Section 10a, Edgewell Personal Care Company reciprocityDEF 14A0001104659-25-123567Edgewell Personal Care Company names e.l.f. Beauty in its own disclosed peer group (read from its most recent proxy). Filing ↗
29Section 10a, Planet Fitness, Inc. reciprocityDEF 14A0001637207-26-000019Planet Fitness, Inc.'s most recent proxy was read; its disclosed peer group does not include e.l.f. Beauty. Filing ↗
30Section 10a, Shutterstock, Inc. reciprocityDEF 14A0001549346-25-000050Shutterstock, Inc.'s most recent proxy was read; its disclosed peer group does not include e.l.f. Beauty. Filing ↗
31Section 10a, Coty Inc. reciprocityDEF 14A0001024305-25-000058Coty Inc.'s most recent proxy was read; its disclosed peer group does not include e.l.f. Beauty. Filing ↗
32Section 10a, Revolve Group, Inc. reciprocityDEF 14A0001193125-26-177284Revolve Group, Inc. names e.l.f. Beauty in its own disclosed peer group (read from its most recent proxy). Filing ↗
33Section 10a, YETI Holdings, Inc. reciprocityDEF 14A0001140361-26-011375YETI Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include e.l.f. Beauty. Filing ↗