Companies FG Communities Holdings Inc.
FG Communities (FGC): executive pay, fiscal 2025
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CEO pay, last three years
- $633,500FY2024
- $1,398,739FY2025
CEO total pay was $1,398,739 in fiscal 2025, up from $633,500 in fiscal 2024.
FY2025: salary $0 · bonus $200,000 · stock awards $1,023,750 · option awards $0
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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 |
|---|---|---|---|---|---|---|---|---|
| D. Kyle Cerminara | $0 | $200,000 | $1,023,750 | $0 | $0 | $0 | $174,989 | $1,398,739 |
| Chief Executive Officer | ||||||||
| Larry Swets | 550,000 | 200,000 | 591,500 | 0 | 0 | 0 | 38,768 | 1,380,268 |
| Head of Merchant Banking and Former President & Chief Executive Officer | ||||||||
| Maja Vujinovic | 200,000 | 125,000 | 773,500 | 0 | 0 | 0 | 2,771 | 1,101,271 |
| CEO of Digital Assets | ||||||||
| Mark Roberson | 400,000 | 175,000 | 0 | 0 | 0 | 0 | 11,319 | 586,319 |
| Chief Financial Officer | ||||||||
| Todd Major | 325,000 | 175,000 | 0 | 0 | 0 | 0 | 9,433 | 509,433 |
| Chief Accounting 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| D. Kyle Cerminara | $1,398,739 | $633,500 | — | ↑ +765,239 |
| Larry Swets | 1,380,268 | 593,015 | 2,010,623 | ↑ +787,253 |
| Maja Vujinovic | 1,101,271 | — | — | — |
| Mark Roberson | 586,319 | 382,883 | — | ↑ +203,436 |
| Todd Major | 509,433 | 318,883 | — | ↑ +190,550 |
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
We design our executive compensation programs to implement our core objectives of attracting key leaders, motivating our executives to remain with the Company for long and productive careers, rewarding sustained financial and operating performance and leadership excellence and aligning the long-term interests of our executives with those of our stockholders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Scott D. WollneyIndependent · Lead Independent Director · Audit Committee (Chair) · Compensation and Management Resources Committee | $0 | $116,989 | — | — | — | $116,989 |
| Michael C. MitchellIndependent · Compensation and Management Resources Committee (Chair) · Nominating and Corporate Governance Committee | 0 | 106,989 | — | — | — | 106,989 |
| Richard E. Govignon JrIndependent · Nominating/Governance (Chair) | 0 | 104,989 | — | — | — | 104,989 |
| Rita HayesIndependent · Audit Committee · Compensation and Management Resources Committee | 0 | 103,989 | — | — | — | 103,989 |
| Ndamukong SuhIndependent · Nominating and Corporate Governance Committee | 0 | 101,989 | — | — | — | 101,989 |
| Robert J. RoschmanIndependent · Audit Committee | 0 | 101,989 | — | — | — | 101,989 |
| D. Kyle CerminaraEmployee director · Board Chair | 0 | 0 | — | — | — | 0 |
| Maja VujinovicEmployee director · Not standing for re-election · Departed during FY | 0 | 0 | — | — | — | 0 |
| Jose VargasEmployee director | 0 | 0 | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $50,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 5,000 / 5,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $636,934 |
| All other compensation | $0 |
| Total cost of the board | $636,934 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names FG Communities as a peer
Companies that benchmark against FGC
No companies currently name FGC as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | FG Communities Holdings Inc. | 2025 | D. Kyle Cerminara | $0 | $1,023,750 | $0 | $0 | $1,398,739 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-12-30 | 17,594,033 | 193,773 | 870,925 | 98.91% | Passed |
| 2024 | 2024-12-19 | 576,704 | 12,233 | 2,386 | 97.92% | Passed |
| 2021 | 2021-12-15 | 4,024,832 | 56,974 | 6,215 | 98.6% | Passed |
| 2020 | 2020-12-14 | 3,305,838 | 675,575 | 2,085 | 83.03% | Passed |
| 2019 | 2019-12-17 | — | — | — | — | — |
| 2018 | 2018-05-31 | — | — | — | — | — |
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 |
|---|---|---|
| 2025 | 2025-12-30 | 98.91%a |
| 2024 | 2024-12-19 | 97.92%b |
| 2021 | 2021-12-15 | 98.6%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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (20 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, D. Kyle Cerminara. DEF 14A, filed 2026-10-09. Section “Executive Compensation”. As printed: 1,398,739. View filing ↗
- Section 01, Larry Swets. DEF 14A, filed 2026-10-09. Section “Executive Compensation”. As printed: 1,380,268. View filing ↗
- Section 01, Maja Vujinovic. DEF 14A, filed 2026-10-09. Section “Executive Compensation”. As printed: 1,101,271. View filing ↗
- Section 01, Mark Roberson. DEF 14A, filed 2026-10-09. Section “Executive Compensation”. As printed: 586,319. View filing ↗
- Section 01, Todd Major. DEF 14A, filed 2026-10-09. Section “Executive Compensation”. As printed: 509,433. View filing ↗
- Section 08, Scott D. Wollney. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 116,989. View filing ↗
- Section 08, Michael C. Mitchell. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 106,989. View filing ↗
- Section 08, Richard E. Govignon Jr. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 104,989. View filing ↗
- Section 08, Rita Hayes. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 103,989. View filing ↗
- Section 08, Ndamukong Suh. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 101,989. View filing ↗
- Section 08, Robert J. Roschman. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 101,989. View filing ↗
- Section 08, D. Kyle Cerminara. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Maja Vujinovic. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jose Vargas. DEF 14A, filed 2026-10-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-12-31. Item 5.07 · say-on-pay result. As reported: 98.91% (votes for as printed: 17,594,033). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-12-20. Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 576,704). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-12-17. Item 5.07 · say-on-pay result. As reported: 98.6% (votes for as printed: 4,024,832). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 0 + equity 636,934 + all other 0 = 636,934, summed across the director compensation table rows.
- FG Communities Holdings Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-10-09. CEO total compensation as printed in FG Communities Holdings Inc.'s own proxy. As printed: 1,398,739. View filing ↗