Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-24

Funko (FNKO)

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.

$6,296,251
Josh Simon total, FY2025
50th
CEO pay percentile vs peers
128:1
CEO-to-median pay ratio
86.2%
Say-on-pay support, latest vote
Companies that benchmark against FNKO
3 companies name FNKO as a compensation peer

Each company listed discloses FNKO 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 FNKO 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
Josh Simon$288,462$250,000$5,752,942$0$0$0$4,847$6,296,251
Chief Executive Officer
Cynthia Williams557,69201,456,1920001,643,0083,656,892
Former Chief Executive Officer
Andrew Oddie683,8060288,329152,84800475,3511,600,334
Chief Commercial Officer
Yves Le Pendeven515,3850288,329152,8490014,000970,563
Chief Financial Officer
Tracy Daw477,6220288,329152,8490014,496933,296
Chief Legal Officer and Secretary
Husnal Shah453,23150,000160,18385,032126,716014,000889,162
Chief Product Officer
Michael Lunsford150,0000164,87996,1690078,185489,233
Former Interim Chief Executive 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 FY20242025
Josh Simon$6,296,251
Cynthia Williams3,656,8926,590,561−2,933,669
Andrew Oddie1,600,3342,091,0951,638,798−490,761
Yves Le Pendeven970,5631,879,701−909,138
Tracy Daw933,2961,651,3211,212,569−718,025
Husnal Shah889,162
Michael Lunsford489,233827,6981,335,897−338,465

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
Husnal ShahRSU2025-03-1221,705$160,183
Josh SimonRSU2025-09-011,000,0003,460,000
Tracy DawRSU2025-03-1239,069288,329
Tracy DawOPTION2025-03-1229,300152,849
Michael LunsfordOPTION2025-06-1226,00096,169
Michael LunsfordRSU2025-06-1217,41990,579
Michael LunsfordRSU2025-08-0110,00035,900
Michael LunsfordRSU2025-07-3110,00038,400
Andrew OddieRSU2025-03-1239,069288,329
Andrew OddieOPTION2025-03-1229,300152,848
Yves Le PendevenRSU2025-03-1239,069288,329
Yves Le PendevenOPTION2025-03-1229,300152,849
Husnal ShahOPTION2025-03-1216,30085,032
Josh SimonRSU2025-09-01750,0002,595,000
Cynthia WilliamsRSU2025-03-12197,316239,738
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Husnal Shah$160,183$0$85,0320.0%
Josh Simon6,055,000000.0%
Tracy Daw288,3290152,8490.0%
Michael Lunsford164,879096,1690.0%
Andrew Oddie288,3290152,8480.0%
Yves Le Pendeven288,3290152,8490.0%
Cynthia Williams239,738000.0%

% 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
Josh SimonRSU1,000,000$3,400,000
Josh SimonRSU750,0002,550,000
Andrew OddieRSU231,884788,406
Yves Le PendevenRSU39,069132,835
Tracy DawRSU39,069132,835
Andrew OddieRSU39,069132,835
Tracy DawRSU37,800128,520
Andrew OddieRSU37,800128,520
Andrew OddieRSU13,76346,794
Yves Le PendevenRSU25,20085,680
Husnal ShahRSU25,20085,680
Husnal ShahRSU21,70573,797
Michael LunsfordRSU17,41959,225
Andrew OddiePSU13,76346,794
Tracy DawRSU10,54735,860
Tracy DawPSU10,54735,860
Yves Le PendevenRSU8,85030,090
Yves Le PendevenRSU5,46918,595
Andrew OddieRSU4,70015,980
Husnal ShahRSU4,68815,939
Tracy DawRSU4,34314,766
Yves Le PendevenRSU8963,046
Husnal ShahRSU7502,550
Yves Le PendevenOption56317.09
Yves Le PendevenOption8,5329.77
Yves Le PendevenOption47,1946.37
Yves Le PendevenOption28,0008.64
Yves Le PendevenOption29,3007.38
Tracy DawOption1,35717.09
Tracy DawOption8,2509.77
Tracy DawOption70,8196.37
Tracy DawOption29,3007.38
Andrew OddieOption1,46917.09
Andrew OddieOption10,7509.77
Andrew OddieOption70,8196.37
Andrew OddieOption29,3007.38
Husnal ShahOption46917.09
Husnal ShahOption7,3139.77
Husnal ShahOption47,1946.37
Husnal ShahOption16,3007.38
Michael LunsfordOption26,0005.2
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract, motivate, and reward leaders who execute on the strategic plan to maximize stockholder value, while aligning the long-term interests of NEOs with those of stockholders through a mix of fixed base salary, short-term cash incentives, and long-term equity awards.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantSemler Brossy Consulting Group, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0329,652,6674,193,974554,61286.2%Passed
20252025-06-1234,569,9241,752,536223,75394.59%Passed
20242024-06-0437,167,993279,58345,61299.13%Passed
20232023-06-1334,172,849438,3221,522,80594.57%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
20262026-06-0386.2%a
20252025-06-1294.59%b
20242024-06-0499.13%c

a. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote against the ratification of the appointment of PwC and the advisory vote on the compensation of our named executive officers.”.

b. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote against the ratification of the appointment of PwC and the advisory vote on the compensation of our named executive officers.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against the 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)128 : 1
CEO total compensation
Median employee compensation$54,655
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Charlie DensonIndependent · Nominating and Corporate Governance$185,000$90,579$96,169$371,748
Diane IrvineIndependent · Audit (Chair) · Compensation120,00090,57996,169306,748
Sarah Kirshbaum LevyIndependent · Audit · Compensation (Chair)115,00090,57996,169301,748
Jesse JacobsIndependent · Nominating and Corporate Governance (Chair)105,00090,57996,169291,748
Jason HarinsteinIndependent · Audit95,00090,57996,169281,748
Trevor EdwardsIndependent · Compensation95,00090,57996,169281,748
Michael KernsIndependent · Nominating and Corporate Governance95,00090,57996,169281,748
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline$450,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$810,000
Equity awards (grant-date value)$634,053
All other compensation$0
Total cost of the board$1,444,053

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 Funko 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 Funko.

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
1MSG Networks2025James Dolan$230,000$0$13,027,275$378,994$14,284,275
2JAKKS Pacific2025Stephen Berman1,850,0005,233,075009,958,012
3YETI Holdings2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
4Funko2025Josh Simon288,4625,752,942006,296,251
5Helen of Troy2026Noel Geoffroy177,0003,800,000039,9824,070,466
6GoPro2025Nicholas Woodman202,692569,62300772,315
7Revolve Group2025Mike Karanikolas450,000000484,573
Duluth Holdingsnot in coverage universe
Scholasticnot in coverage universe
WWEnot 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
Funkonot disclosedRSU 67 · Option 33not disclosedSemler Brossy Consulting Group, LLC
Duluth Holdingsnot disclosednot disclosednot disclosednot disclosed
GoPronot disclosedRSU 60 · PSU 40NoCompensia
Helen of Troy16.3%PSU 50 · RSU 50NoFW Cook
JAKKS Pacificnot disclosedRSU 100not disclosedFrederic W. Cook & Co.
MSG Networks123.33%not disclosedNoClearBridge Compensation Group LLC
Revolve Group175%Options 100not disclosednot disclosed
Scholasticnot disclosednot disclosednot disclosednot disclosed
WWEnot disclosednot disclosednot disclosednot disclosed
YETI Holdings71.0%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, Josh SimonDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 6,296,251. Filing ↗machine: span 577508–577517
2Section 01, Cynthia WilliamsDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 3,656,892. Filing ↗machine: r17 · c24 · span 611699–611708
3Section 01, Andrew OddieDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 1,600,334. Filing ↗machine: r9 · c24 · span 593375–593384
4Section 01, Yves Le PendevenDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 970,563. Filing ↗machine: r4 · c24 · span 580793–580800
5Section 01, Tracy DawDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 933,296. Filing ↗machine: r6 · c24 · span 586029–586036
6Section 01, Husnal ShahDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 889,162. Filing ↗machine: span 601060–601067
7Section 01, Michael LunsfordDEF 14A2026-04-220001704711-26-000026Section “2025 SUMMARY COMPENSATION TABLE” · page 39. As printed: 489,233. Filing ↗machine: r14 · c24 · span 604340–604347
8Section 03, Husnal Shah RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 651412–651419
9Section 03, Josh Simon RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 634450–634459
10Section 03, Tracy Daw RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 643279–643286
11Section 03, Tracy Daw OPTIONDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 641995–642002
12Section 03, Michael Lunsford OPTIONDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 653804–653810
13Section 03, Michael Lunsford RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 655087–655093
14Section 03, Michael Lunsford RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 657652–657658
15Section 03, Michael Lunsford RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 656370–656376
16Section 03, Andrew Oddie RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 647692–647699
17Section 03, Andrew Oddie OPTIONDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 646408–646415
18Section 03, Yves Le Pendeven RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 638869–638876
19Section 03, Yves Le Pendeven OPTIONDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 637585–637592
20Section 03, Husnal Shah OPTIONDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 650104–650110
21Section 03, Josh Simon RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 633162–633171
22Section 03, Cynthia Williams RSUDEF 14A2026-04-220001704711-26-000026Section “GRANTS OF PLAN-BASED AWARDS IN FISCAL 2025” · grants of plan-based awards table. Filing ↗machine: span 660360–660367
23Section 07, pay ratioDEF 14A2026-04-220001704711-26-000026Section “CEO Pay Ratio”. As printed: 128 : 1. Filing ↗machine: span 963742–963745
24Section 08, Charlie DensonDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 371,748. Filing ↗machine: span 928536–928543
25Section 08, Diane IrvineDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 306,748. Filing ↗machine: span 933587–933594
26Section 08, Sarah Kirshbaum LevyDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 301,748. Filing ↗machine: span 938455–938462
27Section 08, Jesse JacobsDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 291,748. Filing ↗machine: span 935207–935214
28Section 08, Jason HarinsteinDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 281,748. Filing ↗machine: span 931967–931974
29Section 08, Trevor EdwardsDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 281,748. Filing ↗machine: span 930157–930164
30Section 08, Michael KernsDEF 14A2026-04-220001704711-26-000026Section “Director Compensation”. As printed: 281,748. Filing ↗machine: span 936827–936834
31Section 06, 2026 voteForm 8-K2026-06-040001193125-26-257385Item 5.07 · say-on-pay result. As reported: 86.2% (votes for as printed: 29,652,667). Filing ↗
32Section 06, 2025 voteForm 8-K2025-06-130001704711-25-000092Item 5.07 · say-on-pay result. As reported: 94.59% (votes for as printed: 34,569,924). Filing ↗
33Section 06, 2024 voteForm 8-K2024-06-070001704711-24-000104Item 5.07 · say-on-pay result. As reported: 99.13% (votes for as printed: 37,167,993). Filing ↗
34Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 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
36Section 09b board cost (computed)ComputedcomputedCash 810,000 + equity 634,053 + all other 0 = 1,444,053, summed across the director compensation table rows.machine: formula: Σ = 1,444,053
37MSG Networks, Section 10b CEO totalDEF 14A2026-04-280001628280-26-027969CEO total compensation as printed in MSG Networks's own proxy. As printed: 14,284,275. Filing ↗machine: t77 · r3 · c25 · span 804469–804479
38JAKKS Pacific, Section 10b CEO totalDEF 14A2026-04-220001185185-26-001465CEO total compensation as printed in JAKKS Pacific's own proxy. As printed: 9,958,012. Filing ↗machine: r2 · c33 · span 171620–171629
39YETI Holdings, Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings's own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
40Funko (subject), Section 10b CEO totalDEF 14A2026-04-220001704711-26-000026CEO total compensation as printed in Funko's own proxy. As printed: 6,296,251. Filing ↗machine: span 577508–577517
41Helen of Troy, Section 10b CEO totalDEF 14A2026-06-240000916789-26-000088CEO total compensation as printed in Helen of Troy's own proxy. As printed: 4,070,466. Filing ↗machine: span 888837–888846
42GoPro, Section 10b CEO totalDEF 14A2026-04-210001628280-26-026268CEO total compensation as printed in GoPro's own proxy. As printed: 772,315. Filing ↗machine: r2 · c42 · span 704856–704863
43Revolve Group, Section 10b CEO totalDEF 14A2026-04-240001193125-26-177284CEO total compensation as printed in Revolve Group's own proxy. As printed: 484,573. Filing ↗machine: r2 · c16 · span 474510–474517
44Section 10a, GoPro reciprocityDEF 14A0001628280-26-026268GoPro's most recent proxy was read; its disclosed peer group does not include Funko. Filing ↗
45Section 10a, Revolve Group reciprocityDEF 14A0001193125-26-177284Revolve Group's most recent proxy was read; its disclosed peer group does not include Funko. Filing ↗
46Section 10a, Helen of Troy reciprocityDEF 14A0000916789-26-000088Helen of Troy's most recent proxy was read; its disclosed peer group does not include Funko. Filing ↗
47Section 10a, YETI Holdings reciprocityDEF 14A0001140361-26-011375YETI Holdings's most recent proxy was read; its disclosed peer group does not include Funko. Filing ↗
48Section 10a, JAKKS Pacific reciprocityDEF 14A0001185185-26-001465JAKKS Pacific's most recent proxy was read; its disclosed peer group does not include Funko. Filing ↗