Companies Fluent, Inc.
Fluent (FLNT): executive pay, fiscal 2025
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CEO pay, last three years
- $889,788FY2024
- $1,509,212FY2025
CEO total pay was $1,509,212 in fiscal 2025, up from $889,788 in fiscal 2024.
FY2025: salary $301,378 · bonus $0 · stock awards $1,183,027 · 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 |
|---|---|---|---|---|---|---|---|---|
| Donald Patrick | $301,378 | $0 | $1,183,027 | $0 | $12,752 | $0 | $12,055 | $1,509,212 |
| (Chief Executive Officer) | ||||||||
| Ryan Perfit | 376,723 | 0 | 537,600 | 0 | 12,752 | 0 | 13,372 | 940,447 |
| (Chief Financial Officer) | ||||||||
| Matthew Conlin | 301,378 | 0 | 0 | 0 | 12,752 | 0 | 12,055 | 326,185 |
| (Chief Customer Officer) | ||||||||
| Ryan Schulke | 301,378 | 0 | 0 | 0 | 12,752 | 0 | 9,544 | 323,674 |
| (Chief Strategy 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 |
|---|---|---|---|---|
| Donald Patrick | $1,509,212 | $889,788 | — | ↑ +619,424 |
| Ryan Perfit | 940,447 | 658,040 | — | ↑ +282,407 |
| Matthew Conlin | 326,185 | 605,187 | — | ↓ −279,002 |
| Ryan Schulke | 323,674 | 602,560 | — | ↓ −278,886 |
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
The Company's compensation program is designed to attract and retain competent and dedicated individuals whose efforts will result in the long-term growth and profitability of the Company, while strengthening the commitment of such individuals to the Company and motivating them to faithfully and diligently perform their responsibilities.
| 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
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Ryan Perfit | RSU | 2025-10-09 | — | — | 112,000 | — | — |
| Donald Patrick | PSU | 2025-10-09 | — | 222,000 | — | — | 654,667 |
| Donald Patrick | RSU | 2025-10-09 | — | — | 222,000 | — | — |
| Ryan Perfit | PSU | 2025-10-09 | — | 112,000 | — | — | 271,040 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Ryan Perfit | $0 | $271,040 | $0 | 100.0% |
| Donald Patrick | 0 | 654,667 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Matthew Conlin | RSU | 16,667 | — | $40,000 |
| Donald Patrick | RSU | 25,528 | — | 61,267 |
| Donald Patrick | RSU | 51,056 | — | 122,534 |
| Ryan Perfit | RSU | 112,000 | — | 268,800 |
| Ryan Perfit | PSU | 112,000 | — | 268,800 |
| Matthew Conlin | Option | 120,000 | 2.75 | — |
| Donald Patrick | RSU | 222,000 | — | 532,800 |
| Donald Patrick | PSU | 222,000 | — | 532,800 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Donald MathisIndependent · Board Chair · Lead Independent Director · Audit · Compensation (Chair) · Nominating/Governance | $70,000 | $75,000 | $0 | $0 | $0 | $145,000 |
| Barbara Shattuck KohnIndependent · Audit (Chair) · Compensation · Nominating/Governance | 50,000 | 75,000 | 0 | 0 | 0 | 125,000 |
| Richard C. Pfenniger JrIndependent · Nominating/Governance (Chair) | 45,000 | 75,000 | 0 | 0 | 0 | 120,000 |
| David A. GraffIndependent · Audit | 40,000 | 75,000 | 0 | 0 | 0 | 115,000 |
| James P. GeyganIndependent · Audit · Newly elected | 38,222 | 75,000 | 0 | 0 | 0 | 113,222 |
Board fee structure and ownership guideline
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 5,000 / 5,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $243,222 |
| Equity awards (grant-date value) | $375,000 |
| All other compensation | $0 |
| Total cost of the board | $618,222 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Fluent as a peer
Companies that benchmark against FLNT
2 companies name FLNT as a compensation peer
- ENTRAVISION COMMUNICATIONS CORPEVCFY2025
- TechTarget, Inc.TTGTFY2025
Each company listed discloses FLNT 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 FLNT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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 | Fluent, Inc. | 2025 | Donald Patrick | $301,378 | $1,183,027 | $0 | $12,752 | $1,509,212 |
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 |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-17 | 20,724,713 | 369,203 | 9,062 | 98.25% | Passed |
| 2025 | 2025-06-18 | 5,990,687 | 119,944 | 57,748 | 98.04% | Passed |
| 2023 | 2023-05-05 | 23,455,290 | 1,074,489 | 209,403 | 95.62% | Passed |
| 2022 | 2022-06-08 | 32,334,911 | 4,667,580 | 139,665 | 87.39% | Passed |
| 2021 | 2021-06-02 | 41,102,435 | 1,397,390 | 118,346 | 96.71% | Passed |
| 2020 | 2020-06-03 | 50,870,793 | 2,095,363 | 152,376 | 96.04% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-17 | 98.25%a |
| 2025 | 2025-06-18 | 98.04%b |
| 2023 | 2023-05-05 | 95.62%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the proposals.”.
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, Donald Patrick. DEF 14A, filed 2026-05-06. Section “Executive Compensation”. As printed: 1,509,212. View filing ↗
- Section 01, Ryan Perfit. DEF 14A, filed 2026-05-06. Section “Executive Compensation”. As printed: 940,447. View filing ↗
- Section 01, Matthew Conlin. DEF 14A, filed 2026-05-06. Section “Executive Compensation”. As printed: 326,185. View filing ↗
- Section 01, Ryan Schulke. DEF 14A, filed 2026-05-06. Section “Executive Compensation”. As printed: 323,674. View filing ↗
- Section 03, Ryan Perfit RSU. DEF 14A, filed 2026-05-06. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Donald Patrick PSU. DEF 14A, filed 2026-05-06. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Donald Patrick RSU. DEF 14A, filed 2026-05-06. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ryan Perfit PSU. DEF 14A, filed 2026-05-06. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Donald Mathis. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 145,000. View filing ↗
- Section 08, Barbara Shattuck Kohn. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 125,000. View filing ↗
- Section 08, Richard C. Pfenniger Jr. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 120,000. View filing ↗
- Section 08, David A. Graff. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 115,000. View filing ↗
- Section 08, James P. Geygan. DEF 14A, filed 2026-05-06. Section “Director Compensation”. As printed: 113,222. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-18. Item 5.07 · say-on-pay result. As reported: 98.25% (votes for as printed: 20,724,713). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-20. Item 5.07 · say-on-pay result. As reported: 98.04% (votes for as printed: 5,990,687). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-06-09. Item 5.07 · say-on-pay result. As reported: 95.62% (votes for as printed: 23,455,290). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 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).
- Section 09b board cost (computed). Computed. Cash 243,222 + equity 375,000 + all other 0 = 618,222, summed across the director compensation table rows.
- Fluent, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-05-06. CEO total compensation as printed in Fluent, Inc.'s own proxy. As printed: 1,509,212. View filing ↗