Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-12

KinderCare Learning Companies (KLC)

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.

$5,271,869
Paul Thompson total, FY2025
Former Chief Executive Officerhighest-paid officer; CEO Tom Wyatt: $2,493,870
11th
CEO (Tom Wyatt) pay percentile vs peers
CEO-to-median pay ratio
94.8%
Say-on-pay support, latest vote
Companies that benchmark against KLC
No companies currently name KLC as a compensation peer in their most recent disclosure.

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Paul Thompson$901,923$0$1,102,788$1,006,461$2,236,887$0$23,810$5,271,869
Former Chief Executive Officer
Tom Wyatt78,7500002,399,267015,8532,493,870
Chief Executive Officer
Tony Amandi525,0000461,164420,8791,023,829018,3132,449,185
Chief Financial Officer
Jessica Harrah391,3460220,551201,292460,199012,3541,285,742
Chief People Officer
Lindsay Sorhondo400,9620210,521192,138386,435014,0011,204,057
Former Chief Operating 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
Paul Thompson$5,271,869
Tom Wyatt2,493,870
Tony Amandi2,449,185
Jessica Harrah1,285,742
Lindsay Sorhondo1,204,057

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
Tony AmandiPSU2025-01-01367,500735,000
Tony AmandiRSU2025-03-1429,654461,164
Tony AmandiOPTION2025-03-1459,308420,879
Jessica HarrahOPTION2025-03-1428,365201,292
Jessica HarrahPSU2025-01-01220,000440,000
Jessica HarrahRSU2025-03-1414,182220,551
Lindsay SorhondoPSU2025-01-01180,000360,000
Lindsay SorhondoRSU2025-03-1413,537210,521
Lindsay SorhondoOPTION2025-03-1427,075192,138
Paul ThompsonOPTION2025-03-14141,8251,006,461
Paul ThompsonPSU2025-01-01962,5001,925,000
Paul ThompsonRSU2025-03-1470,9121,102,788
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Tony Amandi$461,164$0$420,8790.0%
Jessica Harrah220,5510201,2920.0%
Lindsay Sorhondo210,5210192,1380.0%
Paul Thompson1,102,78801,006,4610.0%

% 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
Tony AmandiRSU29,654$123,361
Jessica HarrahRSU14,18258,997
Tom WyattRSU13,91457,882
Tom WyattRSU6,44426,807
Lindsay SorhondoRSU13,53756,314
Tony AmandiRSU1,5916,619
Jessica HarrahRSU6802,829
Tony AmandiOption3,56120.61
Lindsay SorhondoRSU5682,363
Tom WyattOption14,41520.61
Tony AmandiOption59,30816.37
Jessica HarrahOption1,52420.61
Jessica HarrahOption28,36516.37
Lindsay SorhondoOption1,27320.61
Lindsay SorhondoOption27,07516.37
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to motivate, reward, focus, attract and retain high caliber management deemed essential to ensure success, aligning compensation with short- and long-term objectives, business strategy and financial performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFarient Advisors LLC
Clawback policytrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0497,216,6525,333,4772,92794.8%Passed
20252025-06-05110,830,838372,1054,62699.67%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
20262026-06-0494.8%a
20252025-06-0599.67%b

a. Voting standard not stated in the filing.

b. 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
Tom WyattEmployee director · Board Chair$293,796$193,856$487,652
Jean DesravinesIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance (Chair)150,000215,923365,923
Mike NuzzoIndependent · Audit (Chair) · Compensation125,000215,923340,923
Christine DeputyIndependent · Compensation (Chair) · Nominating and Corporate Governance116,250215,923332,173
Alyssa WaxenbergIndependent · Audit100,000215,923315,923
Benjamin RussellNot independent · Not standing for re-election · Departed during FY00000
Preston GrastyNot independent · Departed during FY00000
Joel SchwartzNot independent · Compensation00000
Paul ThompsonEmployee director · Departed during FY0
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 50,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$785,046
Equity awards (grant-date value)$1,057,548
All other compensation$0
Total cost of the board$1,842,594

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.

WWL WW International, Inc.ZUMZ Zumiez, Inc.FIVE Five Below, Inc.PLCE The Children’s Place, Inc.HRB H&R Block, Inc.ASO Academy Sports and Outdoors, Inc.ANF Abercrombie & Fitch Co.BNED Barnes & Noble Education, Inc.AEO American Eagle Outfitters, Inc.GHC Graham Holdings CompanyCHGG Chegg, Inc.LTH Life Time Group Holdings, Inc.LRN Stride, Inc.DB Designer Brands Inc.URBN Urban Outfitters, Inc.WOOF Petco Health & Wellness Company, Inc.SBH Sally Beauty Holdings, Inc.BFAM Bright Horizons Family Solutions Inc.SWH Sportsman’s Warehouse Holdings, Inc.SCHL Scholastic Corporation
10a

Peer reciprocity

Of the companies KinderCare Learning Companies 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.

WW International, Inc. (WWL) Zumiez, Inc. (ZUMZ) Five Below, Inc. (FIVE)41 The Children’s Place, Inc. (PLCE) H&R Block, Inc. (HRB)42 Academy Sports and Outdoors, Inc. (ASO)43 Abercrombie & Fitch Co. (ANF)44 Barnes & Noble Education, Inc. (BNED) American Eagle Outfitters, Inc. (AEO) Graham Holdings Company (GHC) Chegg, Inc. (CHGG)45 Life Time Group Holdings, Inc. (LTH) Stride, Inc. (LRN)46 Designer Brands Inc. (DB) Urban Outfitters, Inc. (URBN)47 Petco Health & Wellness Company, Inc. (WOOF) Sally Beauty Holdings, Inc. (SBH) Bright Horizons Family Solutions Inc. (BFAM) Sportsman’s Warehouse Holdings, Inc. (SWH) Scholastic Corporation (SCHL)

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 KinderCare Learning Companies.

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
1Stride, Inc.2025James Rhyu$1,000,000$16,860,903$0$3,619,426$21,496,095
2Abercrombie & Fitch Co.2025Fran Horowitz1,400,00010,456,90301,372,00013,300,257
3H&R Block, Inc.2025Jeffrey Jones II997,7348,300,08501,435,44610,969,337
4Five Below, Inc.2025Winnie Park1,100,0006,792,21502,750,00010,814,084
5Academy Sports and Outdoors, Inc.2025Steve Lawrence1,080,2886,999,99801,438,1559,560,129
6Sally Beauty Holdings, Inc.2025Denise Paulonis1,229,2316,000,11601,868,4329,112,619
7Urban Outfitters, Inc.2026Sheila B. Harrington1,136,7831,699,46703,442,7366,290,916
8Chegg, Inc.2025Dan Rosensweig850,0004,070,000004,934,000
9KinderCare Learning Companies2025Tom Wyatt78,750002,399,2672,493,870
10Barnes & Noble Education, Inc.2026Jonathan Shar594,231000795,540
WW International, Inc.not in coverage universe
Zumiez, Inc.not in coverage universe
The Children’s Place, Inc.not in coverage universe
American Eagle Outfitters, Inc.not in coverage universe
Graham Holdings Companynot in coverage universe
Life Time Group Holdings, Inc.not in coverage universe
Designer Brands Inc.not in coverage universe
Petco Health & Wellness Company, Inc.not in coverage universe
Bright Horizons Family Solutions Inc.not in coverage universe
Sportsman’s Warehouse Holdings, Inc.not in coverage universe
Scholastic Corporationnot 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
KinderCare Learning Companiesnot disclosednot disclosednot disclosedFarient Advisors LLC
Abercrombie & Fitch Co.49%PSU 50 · RSU 50Yes — Relative TSR vs. compensation peer groupSemler Brossy Consulting Group, LLC
Academy Sports and Outdoors, Inc.75.7%PSU 50 · RSU 50NoFrederic W. Cook & Co, Inc. (FW Cook)
American Eagle Outfitters, Inc.not disclosednot disclosednot disclosednot disclosed
Barnes & Noble Education, Inc.not disclosednot disclosednot disclosednot disclosed
Bright Horizons Family Solutions Inc.not disclosednot disclosednot disclosednot disclosed
Chegg, Inc.not disclosedPSU 70 · RSU 30NoAon
Designer Brands Inc.not disclosednot disclosednot disclosednot disclosed
Five Below, Inc.200%PSU 60 · RSU 40NoMeridian
Graham Holdings Companynot disclosednot disclosednot disclosednot disclosed
H&R Block, Inc.96.2%PSU 65 · RSU 35Yes — Total Shareholder Return (TSR) vs. S&P 400 IndexCompensation Advisory Partners LLC (CAP LLC)
Life Time Group Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Petco Health & Wellness Company, Inc.not disclosednot disclosednot disclosednot disclosed
Sally Beauty Holdings, Inc.95%PSU 50 · RSU 50Yes — rTSRFW Cook
Scholastic Corporationnot disclosednot disclosednot disclosednot disclosed
Sportsman’s Warehouse Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Stride, Inc.181%PSU 60 · RSU 40NoCompensia
The Children’s Place, Inc.not disclosednot disclosednot disclosednot disclosed
Urban Outfitters, Inc.100%PSU 50 · RSU 50NoKorn Ferry Hay Group
WW International, Inc.not disclosednot disclosednot disclosednot disclosed
Zumiez, Inc.not disclosednot disclosednot disclosednot disclosed

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, Paul ThompsonDEF 14A2026-04-200001193125-26-164197Section “Summary Compensation Table” · page 32. As printed: 5,271,869. Filing ↗machine: r11 · c29 · span 772226–772235
2Section 01, Tom WyattDEF 14A2026-04-200001193125-26-164197Section “Summary Compensation Table” · page 32. As printed: 2,493,870. Filing ↗machine: r2 · c29 · span 674535–674544
3Section 01, Tony AmandiDEF 14A2026-04-200001193125-26-164197Section “Summary Compensation Table” · page 32. As printed: 2,449,185. Filing ↗machine: r5 · c29 · span 707054–707063
4Section 01, Jessica HarrahDEF 14A2026-04-200001193125-26-164197Section “Summary Compensation Table” · page 32. As printed: 1,285,742. Filing ↗machine: r8 · c29 · span 739565–739574
5Section 01, Lindsay SorhondoDEF 14A2026-04-200001193125-26-164197Section “Summary Compensation Table” · page 32. As printed: 1,204,057. Filing ↗machine: r14 · c29 · span 804896–804905
6Section 03, Tony Amandi PSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 917523–917530
7Section 03, Tony Amandi RSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 935601–935608
8Section 03, Tony Amandi OPTIONDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 946773–946780
9Section 03, Jessica Harrah OPTIONDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 980321–980328
10Section 03, Jessica Harrah PSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 951071–951078
11Section 03, Jessica Harrah RSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 969149–969156
12Section 03, Lindsay Sorhondo PSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1018168–1018175
13Section 03, Lindsay Sorhondo RSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1036234–1036241
14Section 03, Lindsay Sorhondo OPTIONDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1047406–1047413
15Section 03, Paul Thompson OPTIONDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1013873–1013882
16Section 03, Paul Thompson PSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 984618–984625
17Section 03, Paul Thompson RSUDEF 14A2026-04-200001193125-26-164197Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1002698–1002707
18Section 08, Tom WyattDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 487,652. Filing ↗machine: span 1762233–1762240
19Section 08, Jean DesravinesDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 365,923. Filing ↗machine: span 1766835–1766842
20Section 08, Mike NuzzoDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 340,923. Filing ↗machine: span 1771432–1771439
21Section 08, Christine DeputyDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 332,173. Filing ↗machine: span 1776035–1776042
22Section 08, Alyssa WaxenbergDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 315,923. Filing ↗machine: span 1780638–1780645
23Section 08, Benjamin RussellDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Preston GrastyDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Joel SchwartzDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Paul ThompsonDEF 14A2026-04-200001193125-26-164197Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2026 voteForm 8-K2026-06-050001193125-26-259547Item 5.07 · say-on-pay result. As reported: 94.8% (votes for as printed: 97,216,652.03). Filing ↗
28Section 06, 2025 voteForm 8-K2025-06-090001193125-25-137877Item 5.07 · say-on-pay result. As reported: 99.67% (votes for as printed: 110,830,838). Filing ↗
29Section 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
30Section 09b board cost (computed)ComputedcomputedCash 785,046 + equity 1,057,548 + all other 0 = 1,842,594, summed across the director compensation table rows.machine: formula: Σ = 1,842,594
31Stride, Inc., Section 10b CEO totalDEF 14A2025-10-240001140361-25-039264CEO total compensation as printed in Stride, Inc.'s own proxy. As printed: 21,496,095. Filing ↗machine: r2 · c22 · span 1185718–1185729
32Abercrombie & Fitch Co., Section 10b CEO totalDEF 14A2026-04-200001018840-26-000022CEO total compensation as printed in Abercrombie & Fitch Co.'s own proxy. As printed: 13,300,257. Filing ↗machine: t170 · r3 · c8 · span 903659–903669
33H&R Block, Inc., Section 10b CEO totalDEF 14A2025-09-240001104659-25-092958CEO total compensation as printed in H&R Block, Inc.'s own proxy. As printed: 10,969,337. Filing ↗machine: t91 · r1 · c48 · span 943762–943772
34Five Below, Inc., Section 10b CEO totalDEF 14A2026-05-010001193125-26-199315CEO total compensation as printed in Five Below, Inc.'s own proxy. As printed: 10,814,084. Filing ↗machine: r2 · c27 · span 514821–514831
35Academy Sports and Outdoors, Inc., Section 10b CEO totalDEF 14A2026-04-210001817358-26-000063CEO total compensation as printed in Academy Sports and Outdoors, Inc.'s own proxy. As printed: 9,560,129. Filing ↗machine: r4 · c21 · span 1076572–1076581
36Sally Beauty Holdings, Inc., Section 10b CEO totalDEF 14A2025-12-100001193125-25-313464CEO total compensation as printed in Sally Beauty Holdings, Inc.'s own proxy. As printed: 9,112,619. Filing ↗machine: t140 · r6 · c10 · span 1924400–1924409
37Urban Outfitters, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-137990CEO total compensation as printed in Urban Outfitters, Inc.'s own proxy. As printed: 6,290,916. Filing ↗machine: span 307336–307345
38Chegg, Inc., Section 10b CEO totalDEF 14A2026-04-280001364954-26-000040CEO total compensation as printed in Chegg, Inc.'s own proxy. As printed: 4,934,000. Filing ↗machine: t129 · r3 · c15 · span 719980–719989
39KinderCare Learning Companies (subject), Section 10b CEO totalDEF 14A2026-04-200001193125-26-164197CEO total compensation as printed in KinderCare Learning Companies's own proxy. As printed: 2,493,870. Filing ↗machine: r2 · c29 · span 674535–674544
40Barnes & Noble Education, Inc., Section 10b CEO totalDEF 14A2026-08-120001140361-26-032503CEO total compensation as printed in Barnes & Noble Education, Inc.'s own proxy. As printed: 795,540. Filing ↗machine: r2 · c24 · span 498411–498418
41Section 10a, Five Below, Inc. reciprocityDEF 14A0001193125-26-199315Five Below, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
42Section 10a, H&R Block, Inc. reciprocityDEF 14A0001104659-25-092958H&R Block, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
43Section 10a, Academy Sports and Outdoors, Inc. reciprocityDEF 14A0001817358-26-000063Academy Sports and Outdoors, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
44Section 10a, Abercrombie & Fitch Co. reciprocityDEF 14A0001018840-26-000022Abercrombie & Fitch Co.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
45Section 10a, Chegg, Inc. reciprocityDEF 14A0001364954-26-000040Chegg, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
46Section 10a, Stride, Inc. reciprocityDEF 14A0001140361-25-039264Stride, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗
47Section 10a, Urban Outfitters, Inc. reciprocityDEF 14A0001193125-25-070459Urban Outfitters, Inc.'s most recent proxy was read; its disclosed peer group does not include KinderCare Learning Companies. Filing ↗