Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-07

Finance of America Companies (FOA)

CEO Graham Fleming was paid $6,933,012 in fiscal year 2025, ↑ up 56.4% from fiscal year 2024 (SEC filing 0001140361-26-013675 ↗): 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.

$6,933,012
Jeremy Prahm total, FY2025
Chief Investment Officer — highest-paid officer; CEO Graham Fleming: $6,933,012
—
CEO (Graham Fleming) pay percentile vs peers
—
CEO-to-median pay ratio
99.68%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Graham Fleming (Chief Executive Officer), FY2025 total compensation $6,933,012 (base salary $850,000) [exec_comp, SEC accession 0001140361-26-013675, filed 2026-04-07]

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FOA's next annual pay disclosure, estimated April 18, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jeremy Prahm$850,000$1,500,000$2,062,512$2,510,000$0$0$10,500$6,933,012
Chief Investment Officer
Graham Fleming850,0001,500,0002,062,5122,510,0000010,5006,933,012
Chief Executive Officer
Kristen Sieffert650,0001,200,0001,837,5161,882,5000011,7005,581,716
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 FY2024→2025
Jeremy Prahm$6,933,012$4,431,850$3,009,901↑ +2,501,162
Graham Fleming6,933,0124,431,8503,009,901↑ +2,501,162
Kristen Sieffert5,581,7163,259,0501,698,600↑ +2,322,666

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against FOA
1 company names FOA as a compensation peer

Each company listed discloses FOA 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 FOA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Andrew EssexIndependent Director$178,603
Brian L. LibmanChair of the Board$199,992
Cory S. GardnerIndependent Director$178,603
Lance N. WestIndependent Director$199,992
Norma C. CorioIndependent Director$199,992
Robert W. LordFormer director (through FY2025)$37,637
Tyson A. PratcherIndependent Director$199,992
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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Graham FlemingPSU700,000—$16,947,003
Jeremy PrahmPSU700,000—16,946,999
Graham FlemingRSU40,322—976,196
Kristen SieffertPSU400,000—9,683,998
Graham FlemingRSU133,334—3,228,016
Jeremy PrahmRSU133,334—3,228,016
Graham FlemingRSU98,874—2,393,740
Jeremy PrahmRSU98,874—2,393,740
Kristen SieffertRSU88,088—2,132,610
Kristen SieffertRSU83,334—2,017,516
Jeremy PrahmRSU40,322—976,196
Graham FlemingPSU13,680—331,193
Kristen SieffertPSU7,200—174,312
Kristen SieffertRSU13,440—325,382
Jeremy PrahmPSU8,640—209,174
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation programs are structured to be consistent with our pay for performance philosophy and utilize performance measures that are intended to align the executive team’s incentives with the long-term interests of the Company and its stockholders.

CEO STI target (% of salary)NaN%
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingThe securities trading policy prohibits company personnel and their related persons from engaging in any transactions involving any derivatives, including trading in futures and derivative securities, or hedging activities.
Anti-pledgingThe securities trading policy prohibits company personnel and their related persons from initiating any transactions that involve pledging any Company securities as collateral for a loan or holding Company securities as security in a margin account.
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-1618,930,01361,7093,02499.68%Passed
20232023-06-08183,447,703350,150687,84099.44%Passed
20222022-06-08162,469,6271,552,00521,83399.05%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
20252025-05-1699.68%a
20232023-06-0899.44%b
20222022-06-0899.05%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions will count as a vote “AGAINST” Proposal No. 2 and broker non-votes will have no effect on the outcome of Proposal No. 2.”.

c. Approved under the standard stated in the filing — “Abstentions will count as a vote “AGAINST” Proposal No. 2 and broker non-votes will have no effect on the outcome of Proposal No. 2.”.

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 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Tyson A. PratcherIndependent · Audit Committee · Compensation Committee$100,000$99,992$0—$0$199,992
Norma C. CorioIndependent · Audit Committee (Chair)100,00099,9920—0199,992
Lance N. WestIndependent · Compensation Committee100,00099,9920—0199,992
Brian L. LibmanEmployee director · Board Chair · Compensation Committee (Chair) · Nominating and Corporate Governance Committee (Chair)100,00099,9920—0199,992
Cory S. GardnerIndependent · Audit Committee · Newly elected78,61199,9920—0178,603
Andrew EssexIndependent · Compensation Committee · Nominating and Corporate Governance Committee · Newly elected78,61199,9920—0178,603
Robert W. LordIndependent · Not standing for re-election · Departed during FY37,63700—037,637
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 15,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$594,859
Equity awards (grant-date value)$599,952
All other compensation$0
Total cost of the board$1,194,811

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

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
1Finance of America Companies2025Graham Fleming$850,000$2,062,512$2,510,000$0$6,933,012

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.

10d

Frequently asked questions

Who was the highest-paid executive at Finance of America Companies in fiscal 2025?
As disclosed, Jeremy Prahm (Chief Investment Officer) was the highest-paid executive at Finance of America Companies in fiscal 2025, with total compensation of $6,933,012.
How did shareholders vote on Finance of America Companies's executive compensation?
As disclosed, 99.68% of shareholders supported Finance of America Companies's executive compensation in the latest say-on-pay vote.
How much does Finance of America Companies spend in total on board compensation for fiscal 2025?
As disclosed, Finance of America Companies reported total board compensation of $1,194,811 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

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, Jeremy PrahmDEF 14A2026-04-070001140361-26-013675Section “Summary Compensation Table” · page 19. As printed: 6,933,012. Filing ↗machine: r6 · c21 · span 342156–342165
2Section 01, Graham FlemingDEF 14A2026-04-070001140361-26-013675Section “Summary Compensation Table” · page 19. As printed: 6,933,012. Filing ↗machine: r2 · c21 · span 326345–326354
3Section 01, Kristen SieffertDEF 14A2026-04-070001140361-26-013675Section “Summary Compensation Table” · page 19. As printed: 5,581,716. Filing ↗machine: r4 · c21 · span 334210–334219
4Section 08, Tyson A. PratcherDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 199,992. Filing ↗machine: span 653495–653674
5Section 08, Norma C. CorioDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 199,992. Filing ↗machine: span 645815–645994
6Section 08, Lance N. WestDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 199,992. Filing ↗machine: span 655392–655570
7Section 08, Brian L. LibmanDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 199,992. Filing ↗machine: span 644091–644270
8Section 08, Cory S. GardnerDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 178,603. Filing ↗machine: span 649644–649823
9Section 08, Andrew EssexDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 178,603. Filing ↗machine: span 647863–648042
10Section 08, Robert W. LordDEF 14A2026-04-070001140361-26-013675Section “Director Compensation”. As printed: 37,637. Filing ↗machine: span 650548–650768
11Section 06, 2025 voteForm 8-K2025-05-210001828937-25-000035Item 5.07 · say-on-pay result. As reported: 99.68% (votes for as printed: 18,930,013). Filing ↗
12Section 06, 2023 voteForm 8-K2023-06-120001828937-23-000063Item 5.07 · say-on-pay result. As reported: 99.44% (votes for as printed: 183,447,703). Filing ↗
13Section 06, 2022 voteForm 8-K2022-06-100001193125-22-172072Item 5.07 · say-on-pay result. As reported: 99.05% (votes for as printed: 162,469,627). Filing ↗
14Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
15Section 09b board cost (computed)Computed——Cash 594,859 + equity 599,952 + all other 0 = 1,194,811, summed across the director compensation table rows.machine: formula: Σ = 1,194,811
16Finance of America Companies (subject), Section 10b CEO totalDEF 14A2026-04-070001140361-26-013675CEO total compensation as printed in Finance of America Companies's own proxy. As printed: 6,933,012. Filing ↗machine: r2 · c21 · span 326345–326354