Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-22

i3 Verticals, Inc. (IIIV)

CEO Gregory Daily was paid $351,182 in fiscal year 2025, ↑ up 0.3% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001728688-26-000009 ↗): 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.

$1,547,300
Paul Christians total, FY2025
Chief Revenue Officer — highest-paid officer; CEO Gregory Daily: $351,182
1st
CEO (Gregory Daily) pay percentile vs peers
4.39:1
CEO-to-median pay ratio
98.3%
Say-on-pay support, latest vote

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IIIV's next annual pay disclosure, estimated January 20, 2027.est. Filing ↗

Page 2 of 36 of the i3 Verticals, Inc. Executive Compensation Report, as it is delivered: Executive Summary.

That is page 2 of 36 of the full Executive Compensation Report, shown as it is delivered. The rest:

  1. Summary Compensation Table
  2. Equity transactions since the proxy statement
  3. Grants of plan-based awards
  4. Outstanding equity awards at fiscal year-end
  5. Incentive-plan design (CD&A)
  6. Say-on-pay
  7. CEO pay ratio
  8. Director compensation
  9. Board fee structure and ownership guideline
  10. Disclosed peer group
  11. Source register

Every figure above cites the filing it came from (accession 0001728688-26-000009, filed 2026-09-22) — see the source register, §11.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Paul Christians$360,500$0$1,186,800$0$0$0$0$1,547,300
Chief Revenue Officer
Rick Stanford331,75001,186,80000019,8841,538,435
President
Clay Whitson270,37501,186,80000020,0201,477,195
Chief Strategy Officer
Geoff Smith260,50001,186,80000023,7791,471,079
Chief Financial Officer
Gregory Daily341,250000009,932351,182
Chief Executive Officer and Chairman

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
Paul Christians$1,547,300$1,178,201$1,598,800↑ +369,099
Rick Stanford1,538,4351,393,1921,874,003↑ +145,243
Clay Whitson1,477,1951,341,9291,794,843↑ +135,266
Geoff Smith1,471,0791,379,239—↑ +91,840
Gregory Daily351,182350,250345,589↑ +932

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

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Data as of September 22, 2026 · Source: 0001728688-26-000009 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Clay WhitsonChief Strategy Officer$1,477,195
Gregory DailyCEO$351,182
Rick StanfordPresident$1,538,435
Paul ChristiansChief Revenue Officer$1,547,300
Geoff SmithCFO$1,471,079
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
David MorganLead Independent Director$170,001
David WildsIndependent Director$170,001
Decosta JenkinsIndependent Director$155,001
Elizabeth Seigenthaler CourtneyIndependent Director$165,001
John HarrisonIndependent Director$155,001
Timothy McKennaIndependent Director$167,501
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Paul ChristiansChief Revenue Officer2026-02-10A135,000$0$0Derivative, Class A CommonForm 4 ↗
Christopher LaisurePresident - Public Sector2026-02-10A135,00000Derivative, Class A CommonForm 4 ↗
Elizabeth Seigenthaler CourtneyDirector2026-02-10A6,49600CommonForm 4 ↗
Clay WhitsonDirector2026-02-10A180,00000Derivative, Class A CommonForm 4 ↗
Rick StanfordPresident2026-02-10A180,00000Derivative, Class A CommonForm 4 ↗
Decosta JenkinsDirector2026-02-10A6,49600CommonForm 4 ↗
David WildsDirector2026-02-10A6,49600CommonForm 4 ↗
Paul MapleGeneral Counsel and Secretary2026-02-10A135,00000Derivative, Class A CommonForm 4 ↗
David MorganDirector2026-02-10A6,49600CommonForm 4 ↗
John HarrisonDirector2026-02-10A6,49600CommonForm 4 ↗
Geoff SmithChief Financial Officer2026-02-10A180,00000Derivative, Class A CommonForm 4 ↗
Timothy McKennaDirector2026-02-10A6,49600CommonForm 4 ↗
Paul ChristiansChief Revenue Officer2026-02-11D3,8782284,851CommonForm 4 ↗
Geoff SmithChief Financial Officer2026-02-11D4,3382294,915CommonForm 4 ↗
Rick StanfordPresident2026-02-11D4,62622101,217CommonForm 4 ↗
Christopher LaisurePresident - Public Sector2026-02-11D2,4562253,737CommonForm 4 ↗
Clay WhitsonDirector2026-02-11D4,3372294,894CommonForm 4 ↗
Paul MapleGeneral Counsel and Secretary2026-02-11D3,3492273,276CommonForm 4 ↗
Paul ChristiansChief Revenue Officer2026-03-06D6,12223142,214CommonForm 4 ↗
Gregory DailyDirector2026-05-14A50,00019961,500Common, indirectForm 4 ↗
Geoff SmithChief Financial Officer2026-09-20D1,4761521,815CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Clay WhitsonRSU2025-02-11——40,000—$1,186,800
Geoff SmithRSU2025-02-11——40,000—1,186,800
Rick StanfordRSU2025-02-11——40,000—1,186,800
Paul ChristiansRSU2025-02-11——40,000—1,186,800
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Clay Whitson$1,186,800$0$00.0%
Geoff Smith1,186,800000.0%
Rick Stanford1,186,800000.0%
Paul Christians1,186,800000.0%

% 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
Paul ChristiansOption20,00032.25—
Paul ChristiansOption200,00025.57—
Paul ChristiansPSU10,000—324,600
Paul ChristiansRSU2,500—81,150
Paul ChristiansRSU15,000—486,900
Paul ChristiansRSU40,000—1,298,400
Geoff SmithOption10,00023.04—
Geoff SmithOption30,00013—
Geoff SmithRSU11,250—365,175
Rick StanfordOption35,00026.53—
Rick StanfordRSU15,000—486,900
Rick StanfordRSU40,000—1,298,400
Clay WhitsonOption50,53826.31—
Clay WhitsonRSU40,000—1,298,400
Geoff SmithOption20,00031.8—
Geoff SmithOption37,50026.31—
Geoff SmithOption30,00026.53—
Rick StanfordOption75,00019.22—
Rick StanfordOption100,00013—
Clay WhitsonOption32,00032.25—
Paul ChristiansOption37,50026.31—
Paul ChristiansOption56,25019.22—
Geoff SmithOption10,00034.2—
Geoff SmithOption15,00032.25—
Geoff SmithOption20,00029.69—
Geoff SmithRSU15,000—486,900
Geoff SmithPSU10,000—324,600
Geoff SmithRSU40,000—1,298,400
Rick StanfordOption32,00032.25—
Rick StanfordOption51,50026.31—
Clay WhitsonOption35,00026.53—
Clay WhitsonOption35,00034.2—
Clay WhitsonOption75,00019.22—
Clay WhitsonPSU10,000—324,600
Clay WhitsonOption76,92413—
Paul ChristiansOption25,00026.53—
Geoff SmithOption56,25019.22—
Rick StanfordOption35,00034.2—
Rick StanfordPSU10,000—324,600
Clay WhitsonRSU15,000—486,900
05

Incentive-plan design — the Compensation Discussion & Analysis

Attract, retain and motivate executives and incentivize them to execute business strategy and deliver strong financial results and long-term stockholder value with pay-for-performance philosophy aligned with stockholder interests.

CEO STI target (% of salary)0%
CEO LTI target (% of salary)—
Independent consultantFW Cook
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-0325,737,410442,1683,31798.3%Passed
20252025-02-2525,877,035721,082174,73596.65%Passed
20242024-02-2223,082,545704,6232,41497.04%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 yearMeeting dateApproval — company's computation
20262026-03-0398.3%a
20252025-02-2596.65%b
20242024-02-2297.04%c

a. Approved under the standard stated in the filing — “If you ABSTAIN from voting on Proposals 2 or 3, the abstention will have the same effect as an AGAINST vote.”.

b. Approved under the standard stated in the filing — “If you ABSTAIN from voting on Proposals 2 or 3, the abstention will have the same effect as an AGAINST vote.”.

c. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote against Proposals 2 and 3, and no effect on Proposal 4.”.

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)4.39 : 1
CEO total compensation$351,182
Median employee compensation$80,000
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David MorganIndependent · Lead Independent Director · Audit (Chair) · Nominating and Corporate Governance$55,000$115,001$0$0$0$170,001
David WildsIndependent · Audit55,000115,001000170,001
Timothy McKennaIndependent · Compensation (Chair)52,500115,001000167,501
Elizabeth Seigenthaler CourtneyIndependent · Compensation · Nominating and Corporate Governance (Chair)50,000115,001000165,001
Decosta JenkinsIndependent · Audit40,000115,001000155,001
John HarrisonIndependent · Audit · Nominating and Corporate Governance40,000115,001000155,001
Gregory DailyEmployee director · Board Chair000—00
Clay WhitsonEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer$115,001
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$292,500
Equity awards (grant-date value)$690,006
All other compensation$0
Total cost of the board$982,506

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
1i3 Verticals, Inc.2025Gregory Daily$341,250$0$0$0$351,182

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 i3 Verticals, Inc. in fiscal 2025?
As disclosed, Paul Christians (Chief Revenue Officer) was the highest-paid executive at i3 Verticals, Inc. in fiscal 2025, with total compensation of $1,547,300.
How does i3 Verticals, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Gregory Daily's total compensation ranked at the 1st percentile of i3 Verticals, Inc.'s disclosed peer group.
What is i3 Verticals, Inc.'s CEO-to-median employee pay ratio?
As disclosed, i3 Verticals, Inc.'s CEO-to-median employee pay ratio was 4.39:1.
How did shareholders vote on i3 Verticals, Inc.'s executive compensation?
As disclosed, 98.3% of shareholders supported i3 Verticals, Inc.'s executive compensation in the latest say-on-pay vote.
How much does i3 Verticals, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, i3 Verticals, Inc. reported total board compensation of $982,506 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, Paul ChristiansDEF 14A2026-01-150001728688-26-000009Section “Summary Compensation Table”. As printed: 1,547,300. Filing ↗machine: r13 · c42 · span 404194–404203
2Section 01, Rick StanfordDEF 14A2026-01-150001728688-26-000009Section “Summary Compensation Table”. As printed: 1,538,435. Filing ↗machine: r10 · c42 · span 396711–396720
3Section 01, Clay WhitsonDEF 14A2026-01-150001728688-26-000009Section “Summary Compensation Table”. As printed: 1,477,195. Filing ↗machine: r7 · c42 · span 389107–389116
4Section 01, Geoff SmithDEF 14A2026-01-150001728688-26-000009Section “Summary Compensation Table”. As printed: 1,471,079. Filing ↗machine: r5 · c42 · span 383823–383832
5Section 01, Gregory DailyDEF 14A2026-01-150001728688-26-000009Section “Summary Compensation Table”. As printed: 351,182. Filing ↗machine: r2 · c42 · span 375924–375931
6Section 03, Clay Whitson RSUDEF 14A1900-01-010001728688-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 432751–432760
7Section 03, Geoff Smith RSUDEF 14A1900-01-010001728688-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 430455–430464
8Section 03, Rick Stanford RSUDEF 14A1900-01-010001728688-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 435048–435057
9Section 03, Paul Christians RSUDEF 14A1900-01-010001728688-26-000009Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 437347–437356
10Section 07, pay ratioDEF 14A2026-01-150001728688-26-000009Section “CEO Pay Ratio”. As printed: 4.39 : 1. Filing ↗machine: span 826713–826714
11Section 08, David MorganDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 170,001. Filing ↗machine: t7 · r6 · c11 · span 166383–166515
12Section 08, David WildsDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 170,001. Filing ↗machine: t7 · r7 · c11 · span 168365–168497
13Section 08, Timothy McKennaDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 167,501. Filing ↗machine: t7 · r5 · c11 · span 164400–164532
14Section 08, Elizabeth Seigenthaler CourtneyDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 165,001. Filing ↗machine: t7 · r2 · c11 · span 158230–158362
15Section 08, Decosta JenkinsDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 155,001. Filing ↗machine: t7 · r8 · c11 · span 170078–170384
16Section 08, John HarrisonDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 155,001. Filing ↗machine: t7 · r3 · c11 · span 160243–160375
17Section 08, Gregory DailyDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Clay WhitsonDEF 14A2026-01-150001728688-26-000009Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, Paul Christians 2026-02-10Form 42026-02-120001954402-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Christopher Laisure 2026-02-10Form 42026-02-120001954770-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Elizabeth Seigenthaler Courtney 2026-02-10Form 42026-02-120001742559-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Clay Whitson 2026-02-10Form 42026-02-120001072796-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Rick Stanford 2026-02-10Form 42026-02-120001737443-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Decosta Jenkins 2026-02-10Form 42026-02-120001848489-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, David Wilds 2026-02-10Form 42026-02-120001062406-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Paul Maple 2026-02-10Form 42026-02-120001737439-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, David Morgan 2026-02-10Form 42026-02-120001737455-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, John Harrison 2026-02-10Form 42026-02-120001738150-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Geoff Smith 2026-02-10Form 42026-02-120001868020-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Timothy McKenna 2026-02-10Form 42026-02-120001738750-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Paul Christians 2026-02-11Form 42026-02-120001954402-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Geoff Smith 2026-02-11Form 42026-02-120001868020-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Rick Stanford 2026-02-11Form 42026-02-120001737443-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Christopher Laisure 2026-02-11Form 42026-02-120001954770-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Clay Whitson 2026-02-11Form 42026-02-120001072796-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Paul Maple 2026-02-11Form 42026-02-120001737439-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Paul Christians 2026-03-06Form 42026-03-090001954402-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Gregory Daily 2026-05-14Form 42026-05-140001072783-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Geoff Smith 2026-09-20Form 42026-09-220001868020-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-03-030001728688-26-000026Item 5.07 · say-on-pay result. As reported: 98.3% (votes for as printed: 25,737,410). Filing ↗
41Section 06, 2025 voteForm 8-K2025-02-250001728688-25-000072Item 5.07 · say-on-pay result. As reported: 96.65% (votes for as printed: 25,877,035). Filing ↗
42Section 06, 2024 voteForm 8-K2024-02-230001728688-24-000053Item 5.07 · say-on-pay result. As reported: 97.04% (votes for as printed: 23,082,545). Filing ↗
43Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 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).machine: formula: sums + PSU ratio
45Section 09b board cost (computed)Computed——Cash 292,500 + equity 690,006 + all other 0 = 982,506, summed across the director compensation table rows.machine: formula: Σ = 982,506
46i3 Verticals, Inc. (subject), Section 10b CEO totalDEF 14A2026-01-150001728688-26-000009CEO total compensation as printed in i3 Verticals, Inc.'s own proxy. As printed: 351,182. Filing ↗machine: r2 · c42 · span 375924–375931

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