Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

Exponent (EXPO)

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.

$3,736,574
Catherine Ford Corrigan total, FY2025
40th
CEO pay percentile vs peers
19:1
CEO-to-median pay ratio
97.98%
Say-on-pay support, latest vote
Companies that benchmark against EXPO
6 companies name EXPO as a compensation peer

Each company listed discloses EXPO 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 EXPO 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
Catherine Ford Corrigan$970,000$900,000$1,120,164$678,510$0$0$67,900$3,736,574
President and Chief Executive Officer
Richard Schlenker650,000540,000680,040452,3400045,5002,367,880
Executive Vice President and Chief Financial Officer
Joseph Rakow687,500540,000720,08200048,1251,995,707
Group Vice President
Maureen Reitman662,500480,000640,16500046,3751,829,040
Group Vice President
Joseph Sala543,750495,000580,10300038,0631,656,916
Group Vice President

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
Catherine Ford Corrigan$3,736,574$3,495,084$3,558,964+241,490
Richard Schlenker2,367,8802,249,6872,271,677+118,193
Joseph Rakow1,995,7072,155,6142,065,402−159,907
Maureen Reitman1,829,0401,818,2331,588,185+10,807
Joseph Sala1,656,9161,412,646+244,270

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
Catherine Ford CorriganRSU2025-03-144,157$343,909
Catherine Ford CorriganRSU2025-03-142,613216,173
Catherine Ford CorriganOPTION2025-02-2021,000678,510
Joseph RakowRSU2025-03-144,352360,041
Maureen ReitmanRSU2025-03-143,869320,082
Joseph SalaRSU2025-03-143,506290,051
Richard SchlenkerRSU2025-03-144,110340,020
Richard SchlenkerOPTION2025-02-2014,000452,340
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Catherine Ford Corrigan$560,082$0$678,5100.0%
Joseph Rakow360,041000.0%
Maureen Reitman320,082000.0%
Joseph Sala290,051000.0%
Richard Schlenker340,0200452,3400.0%

% 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
Catherine Ford CorriganRSU6,770$474,916
Catherine Ford CorriganRSU6,358446,014
Maureen ReitmanRSU3,869271,410
Catherine Ford CorriganRSU6,063425,319
Catherine Ford CorriganRSU5,999420,830
Joseph RakowRSU5,811407,642
Joseph RakowRSU4,352305,293
Maureen ReitmanRSU4,169292,455
Richard SchlenkerRSU4,110288,317
Richard SchlenkerRSU3,815267,622
Joseph RakowRSU3,800266,570
Richard SchlenkerRSU3,790265,869
Richard SchlenkerRSU3,600252,540
Joseph SalaRSU3,506245,946
Joseph SalaRSU2,906203,856
Maureen ReitmanRSU2,755193,263
Joseph RakowRSU2,649185,827
Maureen ReitmanRSU2,400168,360
Joseph SalaRSU1,600112,240
Joseph SalaRSU1,590111,539
Catherine Ford CorriganOption21,00085.5
Catherine Ford CorriganOption18,00075.87
Catherine Ford CorriganOption24,00079.43
Catherine Ford CorriganOption24,00025.41
Catherine Ford CorriganOption9,000107.31
Catherine Ford CorriganOption30,00054.95
Catherine Ford CorriganOption5,62587.9
Catherine Ford CorriganOption20,00094.2
Catherine Ford CorriganOption28,00037.45
Catherine Ford CorriganOption22,48029.05
Richard SchlenkerOption14,00085.5
Richard SchlenkerOption12,00075.87
Richard SchlenkerOption6,000107.31
Richard SchlenkerOption3,75087.9
Richard SchlenkerOption13,33394.2
Richard SchlenkerOption16,00079.43
Richard SchlenkerOption20,00054.95
Richard SchlenkerOption28,00037.45
Richard SchlenkerOption3,44229.05
Richard SchlenkerOption4,23023.63
05

Incentive-plan design — the Compensation Discussion & Analysis

Our fundamental compensation philosophy is to align management’s incentives with the long-term interests of our stockholders, create a sense of partnership and provide a retention vehicle. We strive to compensate our named executive officers competitively with executives and consulting professionals throughout the industry and geographies in which we operate, based on company performance, individual achievements, and the competitive environment.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0440,412,638753,39781,17297.98%Passed
20252025-06-0541,974,1511,851,12650,66795.67%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
20262026-06-0497.98%a
20252025-06-0595.67%b

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against 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.

07

CEO pay ratio

Ratio (CEO : median employee)19 : 1
CEO total compensation
Median employee compensation$199,314
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Paul R. JohnstonIndependent$155,000$155,014$310,014
Paul R. Johnston, Ph.DIndependent · Not standing for re-election · Departed during FY155,000155,014310,014
Karen A. RichardsonIndependent · Audit · Human Resources122,000155,014277,014
George H. BrownIndependent · Audit (Chair) · Human Resources117,000155,014272,014
Debra L. ZumwaltIndependent · Audit · Human Resources (Chair)117,000155,014272,014
Carol LindstromIndependent · Audit · Human Resources107,000155,014262,014
Richard L. Schlenker JrEmployee director0
Catherine Ford Corrigan, Ph.DEmployee director0
09

Board fee structure and ownership guideline

Annual cash retainer$107,000
Annual equity retainer$155,014
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000
Stock ownership guideline$321,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$773,000
Equity awards (grant-date value)$930,084
All other compensation$0
Total cost of the board$1,703,084

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.

Heidrick and Struggles InternationalFCN FTI ConsultingCR CRA InternationalHCKT The Hackett GroupICFI ICF InternationalRGP Resources ConnectionHURN Huron Consulting GroupKFY Korn/Ferry International
10a

Peer reciprocity

Of the companies Exponent 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 Exponent.

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
1CRA International2025Max Mitchell$1,244,231$5,480,738$1,562,506$1,840,200$10,518,852
2FTI Consulting2025Steven Gunby1,000,0007,450,94301,805,15210,273,735
3ICF International2025John Wasson1,003,0964,715,91801,122,3326,857,678
4Exponent2025Catherine Ford Corrigan970,0001,120,164678,51003,736,574
5Resources Connection2025Kate Duchene825,0001,832,485002,673,316
6The Hackett Group2025Ted A. Fernandez900,000334,6880393,7501,628,438
Huron Consulting Groupnot in coverage universe
Korn/Ferry Internationalnot 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
Exponentnot disclosednot disclosednot disclosedCompensia
CRA International122.7%PSU 55 · Options 25 · RSU 20NoFW Cook
FTI Consultingnot disclosedPSU 67 · RSU 33Yes — Company Relative TSRPearl Meyer
Huron Consulting Groupnot disclosednot disclosednot disclosednot disclosed
ICF International86.41%PSU 50 · RSU 50NoAon Human Capital Solutions Practice
Korn/Ferry Internationalnot disclosednot disclosednot disclosednot disclosed
Resources Connectionnot disclosedPSU 50 · RSU 50Nonot disclosed
The Hackett Groupnot disclosedRSU 100not disclosedPayGovernance

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, Catherine Ford CorriganDEF 14A2026-04-200001193125-26-163945Section “Summary Compensation Table” · page 34. As printed: 3,736,574. Filing ↗machine: r2 · c25 · span 495437–495446
2Section 01, Richard SchlenkerDEF 14A2026-04-200001193125-26-163945Section “Summary Compensation Table” · page 34. As printed: 2,367,880. Filing ↗machine: r6 · c25 · span 530896–530905
3Section 01, Joseph RakowDEF 14A2026-04-200001193125-26-163945Section “Summary Compensation Table” · page 34. As printed: 1,995,707. Filing ↗machine: r10 · c25 · span 566367–566376
4Section 01, Maureen ReitmanDEF 14A2026-04-200001193125-26-163945Section “Summary Compensation Table” · page 34. As printed: 1,829,040. Filing ↗machine: r14 · c25 · span 601435–601444
5Section 01, Joseph SalaDEF 14A2026-04-200001193125-26-163945Section “Summary Compensation Table” · page 34. As printed: 1,656,916. Filing ↗machine: r18 · c25 · span 636499–636508
6Section 03, Catherine Ford Corrigan RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 684450–684457
7Section 03, Catherine Ford Corrigan RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 691781–691788
8Section 03, Catherine Ford Corrigan OPTIONDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 699107–699114
9Section 03, Joseph Rakow RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 740515–740522
10Section 03, Maureen Reitman RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 761224–761231
11Section 03, Joseph Sala RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 781930–781937
12Section 03, Richard Schlenker RSUDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 712487–712494
13Section 03, Richard Schlenker OPTIONDEF 14A2026-04-200001193125-26-163945Section “Grants of Plan-Based Awards in Fiscal 2025 Table” · grants of plan-based awards table. Filing ↗machine: span 727146–727153
14Section 07, pay ratioDEF 14A2026-04-200001193125-26-163945Section “CEO Pay Ratio”. As printed: 19 : 1. Filing ↗
15Section 08, Paul R. JohnstonDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 310,014. Filing ↗
16Section 08, Paul R. Johnston, Ph.DDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 310,014. Filing ↗
17Section 08, Karen A. RichardsonDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 277,014. Filing ↗
18Section 08, George H. BrownDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 272,014. Filing ↗
19Section 08, Debra L. ZumwaltDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 272,014. Filing ↗
20Section 08, Carol LindstromDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 262,014. Filing ↗
21Section 08, Richard L. Schlenker JrDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Catherine Ford Corrigan, Ph.DDEF 14A2026-04-200001193125-26-163945Section “Director Compensation”. As printed: 0. Filing ↗
23Section 06, 2026 voteForm 8-K2026-06-100001171843-26-004036Item 5.07 · say-on-pay result. As reported: 97.98% (votes for as printed: 40,412,638). Filing ↗
24Section 06, 2025 voteForm 8-K2025-06-100001171843-25-003818Item 5.07 · say-on-pay result. As reported: 95.67% (votes for as printed: 41,974,151). Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 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
27Section 09b board cost (computed)ComputedcomputedCash 773,000 + equity 930,084 + all other 0 = 1,703,084, summed across the director compensation table rows.machine: formula: Σ = 1,703,084
28CRA International, Section 10b CEO totalDEF 14A2026-03-130001193125-26-105005CEO total compensation as printed in CRA International's own proxy. As printed: 10,518,852. Filing ↗machine: r3 · c35 · span 842112–842122
29FTI Consulting, Section 10b CEO totalDEF 14A2026-04-210001193125-26-165147CEO total compensation as printed in FTI Consulting's own proxy. As printed: 10,273,735. Filing ↗machine: r5 · c18 · span 1110308–1110318
30ICF International, Section 10b CEO totalDEF 14A2026-04-220001140361-26-016102CEO total compensation as printed in ICF International's own proxy. As printed: 6,857,678. Filing ↗machine: r2 · c19 · span 1792780–1792789
31Exponent (subject), Section 10b CEO totalDEF 14A2026-04-200001193125-26-163945CEO total compensation as printed in Exponent's own proxy. As printed: 3,736,574. Filing ↗machine: r2 · c25 · span 495437–495446
32Resources Connection, Section 10b CEO totalDEF 14A2025-09-040001084765-25-000144CEO total compensation as printed in Resources Connection's own proxy. As printed: 2,673,316. Filing ↗machine: r5 · c30 · span 794481–794490
33The Hackett Group, Section 10b CEO totalDEF 14A2026-03-200001193125-26-117620CEO total compensation as printed in The Hackett Group's own proxy. As printed: 1,628,438. Filing ↗machine: t4 · r2 · c17 · span 411851–411860
34Section 10a, FTI Consulting reciprocityDEF 14A0001193125-26-165147FTI Consulting names Exponent in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, CRA International reciprocityDEF 14A0001193125-26-105005CRA International's most recent proxy was read; its disclosed peer group does not include Exponent. Filing ↗
36Section 10a, ICF International reciprocityDEF 14A0001140361-26-016102ICF International names Exponent in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, Resources Connection reciprocityDEF 14A0001084765-25-000144Resources Connection's most recent proxy was read; its disclosed peer group does not include Exponent. Filing ↗