Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-29

El Pollo Loco Holdings (LOCO)

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.

$3,539,320
Elizabeth Williams total, FY2025
67th
CEO pay percentile vs peers
178:1
CEO-to-median pay ratio
99.15%
Say-on-pay support, latest vote
Companies that benchmark against LOCO
6 companies name LOCO as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Elizabeth Williams$750,950$0$1,434,000$717,000$581,162$0$56,208$3,539,320
Chief Executive Officer
Ira Fils438,8000400,000200,000253,851055,7881,348,439
Chief Financial Officer
Maria Hollandsworth517,7860250,000125,000266,749045,3761,204,911
Former President and 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
Elizabeth Williams$3,539,320$4,712,877−1,173,557
Ira Fils1,348,4391,363,6891,359,787−15,250
Maria Hollandsworth1,204,9112,069,796983,361−864,885

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
Elizabeth WilliamsOTHER2025-03-11145,369$717,000
Elizabeth WilliamsRSA2025-03-1168,778717,000
Ira FilsOTHER2025-03-1140,568200,000
Ira FilsRSA2025-03-1119,194200,000
Elizabeth WilliamsPSU2025-03-1168,77868,778137,556717,000
Ira FilsPSU2025-03-1119,19419,19438,388200,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Elizabeth Williams$0$717,000$0100.0%
Ira Fils0200,0000100.0%

% 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
Maria HollandsworthPSU344,250$3,600,851
Elizabeth WilliamsRSU64,531674,994
Maria HollandsworthPSU5,99862,739
Elizabeth WilliamsOption58,14010.32
Elizabeth WilliamsPSU13,845144,819
Elizabeth WilliamsPSU2,56324,700
Elizabeth WilliamsOption145,36910.42
Ira FilsOption40,56810.42
Ira FilsOption28,8029.06
Elizabeth WilliamsOption128,57110.46
Elizabeth WilliamsRSU33,822353,778
Ira FilsRSU19,194200,769
Ira FilsPSU19,194200,769
Ira FilsRSU13,787144,317
Ira FilsOption35,71410.46
Ira FilsPSU9,597100,384
Elizabeth WilliamsRSU1,28113,400
Elizabeth WilliamsPSU68,778719,418
Elizabeth WilliamsPSU750,0007,844,997
Ira FilsPSU327,6003,426,692
Maria HollandsworthPSU11,996125,000
Elizabeth WilliamsPSU34,389359,709
Elizabeth WilliamsRSU68,778719,418
Ira FilsRSU17,925187,495
Ira FilsRSU13,369139,840
05

Incentive-plan design — the Compensation Discussion & Analysis

At the heart of our compensation programs is a pay-for-performance philosophy. Our named executive officers have a significant percentage of their compensation at risk, meaning that if the Company performs at, above, or below its target goals, the named executive officer will be paid at, above or below his or her target compensation.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantSemler Brossy
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2621,942,592175,57412,05999.15%Passed
20252025-05-2921,481,6851,257,7381,594,98388.28%Passed
20242024-05-2822,827,422836,168147,33096.47%Passed
20232023-06-0620,775,037945,67150,72395.65%Passed
20222022-06-0730,858,2451,007,05028,21696.84%Passed
20212021-06-0831,052,398692,89019,80897.82%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
20262026-05-2699.15%a
20252025-05-2988.28%b
20242024-05-2896.47%c

a. Approved under the standard stated in the filing — “Abstentions will have the effect of a vote "Against" each of these proposals.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the effect of votes cast "Against" these proposals.”.

c. 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.

07

CEO pay ratio

Ratio (CEO : median employee)178 : 1
CEO total compensation$3,062,506
Median employee compensation$17,168
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William R. FloydIndependent · Departed during FY$115,000$140,000$0$0$0$255,000
Samuel N. BorgeseIndependent · Compensation (Chair) · ESG · Departed during FY90,00090,000000180,000
Douglas J. BabbIndependent · Board Chair · Compensation85,00090,000000175,000
Nancy Faginas-CodyIndependent · Audit · Nominating and Corporate Governance (Chair) · ESG82,50090,000000172,500
Deborah GonzalezIndependent · Compensation (Chair) · Nominating and Corporate Governance · ESG75,00090,000000165,000
Mark BullerIndependent · Compensation · Nominating and Corporate Governance75,00090,000000165,000
Joe TaylorIndependent · Audit (Chair) · Compensation · Partial-year service38,75090,000000128,750
Tana DavilaIndependent · Audit · Compensation · Partial-year service · Newly elected000000
Frank GarridoIndependent · Compensation · Nominating and Corporate Governance · Partial-year service · Newly elected000000
Robert D. WrightIndependent · Audit · Compensation · Partial-year service000000
Elizabeth WilliamsEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$90,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 12,500 / 10,000
Stock ownership guideline5x annual cash retainer ($300,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$561,250
Equity awards (grant-date value)$680,000
All other compensation$0
Total cost of the board$1,241,250

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.

DIN Dine Brands Global, Inc.KRUS Kura Sushi USA, Inc.PBPB Potbelly Corporation Portillos, Inc.SG Sweetgreen, Inc.NDLS Noodles & CompanyFAT FAT BrandsDENN Denny's CorporationPTLO Portillo's Inc.CAVA CAVABROS Dutch BrothersRRGB Red Robin Gourmet Burgers, Inc.CHUY Chuy's Holdings, Inc.BJRI BJ's Restaurants Inc.
10a

Peer reciprocity

Of the companies El Pollo Loco Holdings 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.

Dine Brands Global, Inc. (DIN)35 Kura Sushi USA, Inc. (KRUS) Potbelly Corporation (PBPB) Sweetgreen, Inc. (SG)36 Noodles & Company (NDLS)37 FAT Brands (FAT) Denny's Corporation (DENN) Portillo's Inc. (PTLO) CAVA (CAVA) Dutch Brothers (BROS) Red Robin Gourmet Burgers, Inc. (RRGB)38 Chuy's Holdings, Inc. (CHUY)39 BJ's Restaurants Inc. (BJRI)40

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 El Pollo Loco Holdings.

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
1Dine Brands Global, Inc.2025John Peyton$1,000,000$2,213,577$0$2,158,500$5,417,315
2Denny's Corporation2023Kelli Valade905,9623,769,0670615,1485,363,088
3El Pollo Loco Holdings2025Elizabeth Williams750,9501,434,000717,000581,1623,539,320
4BJ's Restaurants Inc.2025Lyle Tick710,7691,567,179319,590637,1433,441,781
5Red Robin Gourmet Burgers, Inc.2025David Pace510,5771,567,00001,169,4943,252,947
6Sweetgreen, Inc.2025Jonathan Neman550,00002,675,93703,226,081
7Chuy's Holdings, Inc.2023Steve Hislop745,498559,0880745,4982,068,041
Kura Sushi USA, Inc.not in coverage universe
Potbelly Corporationnot in coverage universe
Noodles & Companynot in coverage universe
FAT Brandsnot in coverage universe
Portillo's Inc.not in coverage universe
CAVAnot in coverage universe
Dutch Brothersnot 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
El Pollo Loco Holdings77.5%PSU 33 · RSU 33 · Options 33NoSemler Brossy
BJ's Restaurants Inc.100%PSU 60 · RSU 20 · Options 20Yes — Relative Total Shareholder Return (TSR)Frederic W. Cook & Co., Inc.
CAVAnot disclosednot disclosednot disclosednot disclosed
Chuy's Holdings, Inc.100%RSU 100not disclosedMercer
Denny's Corporation68.0%PSU 50 · RSU 50YesFW Cook
Dine Brands Global, Inc.91.96%Cash LTI 75 · RSU 25NoExequity LLP
Dutch Brothersnot disclosednot disclosednot disclosednot disclosed
FAT Brandsnot disclosednot disclosednot disclosednot disclosed
Kura Sushi USA, Inc.not disclosednot disclosednot disclosednot disclosed
Noodles & Company20%PSU 67 · RSU 33NoFW Cook
Portillo's Inc.not disclosednot disclosednot disclosednot disclosed
Potbelly Corporationnot disclosednot disclosednot disclosednot disclosed
Red Robin Gourmet Burgers, Inc.103.96%RSU 50 · PSU 25 · PPSU 25Yes — Relative TSRMeridian Compensation Partners, LLC
Sweetgreen, Inc.not disclosedOptions 100not disclosedSemler Brossy Consulting Group LLC

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, Elizabeth WilliamsDEF 14A2026-04-300001606366-26-000021Section “2025 Summary Compensation Table”. As printed: 3,539,320. Filing ↗machine: t144 · r5 · c23 · span 798734–798743
2Section 01, Ira FilsDEF 14A2026-04-300001606366-26-000021Section “2025 Summary Compensation Table”. As printed: 1,348,439. Filing ↗machine: t144 · r8 · c23 · span 817099–817108
3Section 01, Maria HollandsworthDEF 14A2026-04-300001606366-26-000021Section “2025 Summary Compensation Table”. As printed: 1,204,911. Filing ↗machine: t144 · r12 · c23 · span 841776–841785
4Section 03, Elizabeth Williams OTHERDEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t144 · r5 · c14 · span 796370–796377
5Section 03, Elizabeth Williams RSADEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t144 · r5 · c14 · span 796370–796377
6Section 03, Ira Fils OTHERDEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t155 · r24 · c6 · span 1022488–1022494
7Section 03, Ira Fils RSADEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t155 · r21 · c15 · span 1005981–1005987
8Section 03, Elizabeth Williams PSUDEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t144 · r5 · c14 · span 796370–796377
9Section 03, Ira Fils PSUDEF 14A2026-04-300001606366-26-000021Section “EXECUTIVE COMPENSATION TABLES” · grants of plan-based awards table. Filing ↗machine: t155 · r21 · c15 · span 1005981–1005987
10Section 07, pay ratioDEF 14A2026-04-300001606366-26-000021Section “CEO Pay Ratio”. As printed: 178 : 1. Filing ↗machine: span 1306628–1306631
11Section 08, William R. FloydDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 255,000. Filing ↗machine: t95 · r5 · c9 · span 326817–326824
12Section 08, Samuel N. BorgeseDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 180,000. Filing ↗machine: t95 · r7 · c9 · span 331493–331500
13Section 08, Douglas J. BabbDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 175,000. Filing ↗machine: t95 · r6 · c9 · span 329057–329064
14Section 08, Nancy Faginas-CodyDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 172,500. Filing ↗machine: t95 · r9 · c9 · span 336166–336173
15Section 08, Deborah GonzalezDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t95 · r10 · c9 · span 338407–338414
16Section 08, Mark BullerDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 165,000. Filing ↗machine: t95 · r8 · c9 · span 333733–333740
17Section 08, Joe TaylorDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 128,750. Filing ↗machine: t95 · r11 · c9 · span 341226–341233
18Section 08, Tana DavilaDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
19Section 08, Frank GarridoDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, Robert D. WrightDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Elizabeth WilliamsDEF 14A2026-04-300001606366-26-000021Section “Director Compensation”. As printed: 0. Filing ↗
22Section 06, 2026 voteForm 8-K2026-05-290001104659-26-068234Item 5.07 · say-on-pay result. As reported: 99.15% (votes for as printed: 21,942,592). Filing ↗
23Section 06, 2025 voteForm 8-K2025-06-050001213900-25-051311Item 5.07 · say-on-pay result. As reported: 88.28% (votes for as printed: 21,481,685). Filing ↗
24Section 06, 2024 voteForm 8-K2024-06-030001213900-24-049090Item 5.07 · say-on-pay result. As reported: 96.47% (votes for as printed: 22,827,422). Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 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
27Section 09b board cost (computed)ComputedcomputedCash 561,250 + equity 680,000 + all other 0 = 1,241,250, summed across the director compensation table rows.machine: formula: Σ = 1,241,250
28Dine Brands Global, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127555CEO total compensation as printed in Dine Brands Global, Inc.'s own proxy. As printed: 5,417,315. Filing ↗machine: r4 · c31 · span 603550–603559
29Denny's Corporation, Section 10b CEO totalDEF 14A0001193125-24-086559CEO total compensation as printed in Denny's Corporation's own proxy. As printed: 5,363,088. Filing ↗machine: t156 · r3 · c27 · span 605566–605575
30El Pollo Loco Holdings (subject), Section 10b CEO totalDEF 14A2026-04-300001606366-26-000021CEO total compensation as printed in El Pollo Loco Holdings's own proxy. As printed: 3,539,320. Filing ↗machine: t144 · r5 · c23 · span 798734–798743
31BJ's Restaurants Inc., Section 10b CEO totalDEF 14A2026-04-220001193125-26-169008CEO total compensation as printed in BJ's Restaurants Inc.'s own proxy. As printed: 3,441,781. Filing ↗machine: span 2374397–2374406
32Red Robin Gourmet Burgers, Inc., Section 10b CEO totalDEF 14A2026-03-260001104659-26-035198CEO total compensation as printed in Red Robin Gourmet Burgers, Inc.'s own proxy. As printed: 3,252,947. Filing ↗machine: r1 · c46 · span 824567–824576
33Sweetgreen, Inc., Section 10b CEO totalDEF 14A2026-04-230001140361-26-016260CEO total compensation as printed in Sweetgreen, Inc.'s own proxy. As printed: 3,226,081. Filing ↗machine: r2 · c25 · span 758912–758922
34Chuy's Holdings, Inc., Section 10b CEO totalDEF 14A0001524931-24-000072CEO total compensation as printed in Chuy's Holdings, Inc.'s own proxy. As printed: 2,068,041. Filing ↗machine: t17 · r2 · c19 · span 276662–276671
35Section 10a, Dine Brands Global, Inc. reciprocityDEF 14A0001193125-26-127555Dine Brands Global, Inc.'s most recent proxy was read; its disclosed peer group does not include El Pollo Loco Holdings. Filing ↗
36Section 10a, Sweetgreen, Inc. reciprocityDEF 14A0001140361-26-016260Sweetgreen, Inc.'s most recent proxy was read; its disclosed peer group does not include El Pollo Loco Holdings. Filing ↗
37Section 10a, Noodles & Company reciprocityDEF 14A0001275158-25-000036Noodles & Company names El Pollo Loco Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
38Section 10a, Red Robin Gourmet Burgers, Inc. reciprocityDEF 14A0001104659-26-035198Red Robin Gourmet Burgers, Inc. names El Pollo Loco Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
39Section 10a, Chuy's Holdings, Inc. reciprocityDEF 14A0001524931-24-000072Chuy's Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include El Pollo Loco Holdings. Filing ↗
40Section 10a, BJ's Restaurants Inc. reciprocityDEF 14A0001193125-26-169008BJ's Restaurants Inc. names El Pollo Loco Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗