Companies USA Today Co., Inc.
USA Today (GCI): executive pay, fiscal 2025
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CEO pay, last three years
- $3,862,232FY2023
- $4,492,082FY2024
- $4,085,499FY2025
CEO total pay was $4,085,499 in fiscal 2025, down from $4,492,082 in fiscal 2024.
FY2025: salary $903,462 · bonus $0 · stock awards $1,499,999 · option awards $0
Frequently asked questions
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.
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 |
|---|---|---|---|---|---|---|---|---|
| Michael Reed | $903,462 | $0 | $1,499,999 | $0 | $1,634,994 | $0 | $47,044 | $4,085,499 |
| CEO | ||||||||
| Douglas Horne | 200,000 | 0 | 0 | 0 | 95,570 | 0 | 1,725,013 | 2,020,583 |
| Former CFO | ||||||||
| Trisha Gosser | 595,143 | 0 | 370,000 | 0 | 413,448 | 0 | 3,500 | 1,382,091 |
| CFO | ||||||||
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 |
|---|---|---|---|---|
| Michael Reed | $4,085,499 | $4,492,082 | $3,862,232 | ↓ −406,583 |
| Douglas Horne | 2,020,583 | 2,437,171 | 2,498,242 | ↓ −416,588 |
| Trisha Gosser | 1,382,091 | — | — | — |
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 primary objectives of the executive compensation program are to attract and retain executives with the requisite skills to achieve the business mission and drive long-term stockholder value, and to motivate executives to achieve key business objectives and drive operating performance.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners LLC |
| 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 |
|---|---|---|---|---|---|---|---|
| Trisha Gosser | RSU | 2025-08-05 | — | — | 88,729 | — | $370,000 |
| Michael Reed | RSU | 2025-08-05 | — | — | 359,712 | — | 1,499,999 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Trisha Gosser | $370,000 | $0 | $0 | 0.0% |
| Michael Reed | 1,499,999 | 0 | 0 | 0.0% |
% 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 |
|---|---|---|---|---|
| Trisha Gosser | RSU | 20,786 | — | $107,048 |
| Trisha Gosser | RSU | 24,317 | — | 125,233 |
| Trisha Gosser | RSU | 88,729 | — | 456,954 |
| Michael Reed | RSU | 226,758 | — | 1,167,804 |
| Michael Reed | RSU | 273,224 | — | 1,407,104 |
| Michael Reed | RSU | 359,712 | — | 1,852,517 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kevin M. SheehanIndependent · Compensation | $160,000 | $124,998 | — | — | $0 | $284,998 |
| Debra A. SandlerIndependent · Compensation | 103,950 | 124,998 | — | — | 17,000 | 245,948 |
| John Jeffry Louis IIIIndependent · Compensation (Chair) | 116,050 | 124,998 | — | — | 0 | 241,048 |
| Amy ReinhardIndependent | 116,050 | 124,998 | — | — | 0 | 241,048 |
| Barbara W. WallIndependent | 116,050 | 124,998 | — | — | 0 | 241,048 |
| Laurence TaricaIndependent · Audit · Not standing for re-election | 103,950 | 124,998 | — | — | 0 | 228,948 |
| Theodore P. JanulisIndependent · Compensation | 103,950 | 124,998 | — | — | 0 | 228,948 |
| Maha Al-EmamIndependent · Audit | 100,000 | 124,998 | — | — | 0 | 224,998 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 20,000 / 20,000 |
| Stock ownership guideline | See "Director Stock Ownership Guidelines" under Compensation of Directors in this proxy statement for more information regarding our stock ownership guidelines as they apply to our non-employee directors. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $920,000 |
| Equity awards (grant-date value) | $999,984 |
| All other compensation | $17,000 |
| Total cost of the board | $1,936,984 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names USA Today as a peer
Companies that benchmark against GCI
4 companies name GCI as a compensation peer
The list of companies that name GCI as a peer is temporarily unavailable — recheck shortly.
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 | USA Today Co., Inc. | 2025 | Michael Reed | $903,462 | $1,499,999 | $0 | $1,634,994 | $4,085,499 |
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
No say-on-pay vote is on file for this company.
CEO pay ratio
| Ratio (CEO : median employee) | 74 : 1 |
|---|---|
| CEO total compensation | $4,085,499 |
| Median employee compensation | $55,266 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (18 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, Michael Reed. DEF 14A, filed 2026-04-17. Section “Compensation Tables” · page 35. As printed: 4,085,499. View filing ↗
- Section 01, Douglas Horne. DEF 14A, filed 2026-04-17. Section “Compensation Tables” · page 35. As printed: 2,020,583. View filing ↗
- Section 01, Trisha Gosser. DEF 14A, filed 2026-04-17. Section “Compensation Tables” · page 35. As printed: 1,382,091. View filing ↗
- Section 03, Trisha Gosser RSU. DEF 14A, filed 2026-04-17. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Reed RSU. DEF 14A, filed 2026-04-17. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-17. Section “CEO Pay Ratio”. As printed: 74 : 1. View filing ↗
- Section 08, Kevin M. Sheehan. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 284,998. View filing ↗
- Section 08, Debra A. Sandler. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 245,948. View filing ↗
- Section 08, John Jeffry Louis III. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 241,048. View filing ↗
- Section 08, Amy Reinhard. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 241,048. View filing ↗
- Section 08, Barbara W. Wall. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 241,048. View filing ↗
- Section 08, Laurence Tarica. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 228,948. View filing ↗
- Section 08, Theodore P. Janulis. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 228,948. View filing ↗
- Section 08, Maha Al-Emam. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 224,998. 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 920,000 + equity 999,984 + all other 17,000 = 1,936,984, summed across the director compensation table rows.
- USA Today Co., Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in USA Today Co., Inc.'s own proxy. As printed: 4,085,499. View filing ↗