Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-21

Jefferson Capital (JCAP)

CEO David Burton was paid $3,795,973 in fiscal year 2025 (SEC filing 0001140361-26-015937 ↗): 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.

$3,795,973
David Burton total, FY2025
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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JCAP's next annual pay disclosure, estimated April 21, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Burton$765,769$150,000$0$0$382,884$0$2,497,320$3,795,973
President and Chief Executive Officer
Mark Zellmann325,00950,00000247,2020439,9731,062,184
President of U.S. Business Lines
Penelope Person142,000000208,8640282,196633,060
Chief Commercial 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 FY2024→2025
David Burton$3,795,973———
Mark Zellmann1,062,184———
Penelope Person633,060———

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 JCAP
No companies currently name JCAP as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

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
David BurtonCEO$3,795,973
Penelope PersonCCO$633,060
Mark ZellmannPresident$1,062,184
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
Beth LeonardIndependent Director$82,517
John OrosIndependent Director$30,000
Ronald VaskeIndependent Director$32,416
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
David BurtonRSU3,061,101—$68,384,996
Mark ZellmannRSU487,261—10,885,411
Penelope PersonRSU322,221—7,198,417
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-05—————

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
20262026-06-05—a

a. Voting standard not stated in the filing.

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
Beth LeonardIndependent · Audit (Chair)$32,416—$50,101——$82,517
Ronald VaskeIndependent · Audit · Compensation32,416—0——32,416
John OrosIndependent30,000—0——30,000
David BurtonEmployee director · Board Chair—————0
Susan AtkinsIndependent · Newly elected——————
Thomas Lydon JrNot independent · Compensation——————
Thomas HardingNot independent · Audit · Compensation (Chair)——————
James PierceIndependent · Newly elected——————
09

Board fee structure and ownership guideline

Annual cash retainer$30,000
Annual equity retainer—
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$94,832
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$94,832

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
1Jefferson Capital2025David Burton$765,769$0$0$382,884$3,795,973

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 Jefferson Capital in fiscal 2025?
As disclosed, David Burton (President and Chief Executive Officer) was the highest-paid executive at Jefferson Capital in fiscal 2025, with total compensation of $3,795,973.
How much does Jefferson Capital spend in total on board compensation for fiscal 2025?
As disclosed, Jefferson Capital reported total board compensation of $94,832 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, David BurtonDEF 14A2026-04-210001140361-26-015937Section “2025 Summary Compensation Table” · page 21. As printed: 3,795,973. Filing ↗machine: r2 · c24 · span 290131–290140
2Section 01, Mark ZellmannDEF 14A2026-04-210001140361-26-015937Section “2025 Summary Compensation Table” · page 21. As printed: 1,062,184. Filing ↗machine: r4 · c24 · span 299267–299276
3Section 01, Penelope PersonDEF 14A2026-04-210001140361-26-015937Section “2025 Summary Compensation Table” · page 21. As printed: 633,060. Filing ↗machine: r6 · c24 · span 308331–308338
4Section 08, Beth LeonardDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: 82,517. Filing ↗machine: span 413218–413399
5Section 08, Ronald VaskeDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: 32,416. Filing ↗machine: span 410346–410527
6Section 08, John OrosDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: 30,000. Filing ↗machine: span 406535–406716
7Section 08, David BurtonDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: 0. Filing ↗
8Section 08, Susan AtkinsDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: —. Filing ↗
9Section 08, Thomas Lydon JrDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: —. Filing ↗
10Section 08, Thomas HardingDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: —. Filing ↗
11Section 08, James PierceDEF 14A2026-04-210001140361-26-015937Section “Director Compensation”. As printed: —. Filing ↗
12Section 06, 2026 voteForm 8-K2026-04-210001140361-26-015937Item 5.07 · say-on-pay result. As reported: —. Filing ↗
13Section 09b board cost (computed)Computed——Cash 94,832 + equity 0 + all other 0 = 94,832, summed across the director compensation table rows.machine: formula: Σ = 94,832
14Jefferson Capital (subject), Section 10b CEO totalDEF 14A2026-04-210001140361-26-015937CEO total compensation as printed in Jefferson Capital's own proxy. As printed: 3,795,973. Filing ↗machine: r2 · c24 · span 290131–290140

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