Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-04

Nutex Health (NUTX)

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.

$2,197,420
Thomas Vo total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
94.79%
Say-on-pay support, latest vote
Companies that benchmark against NUTX
1 company names NUTX as a compensation peer

Each company listed discloses NUTX 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 NUTX 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
Thomas Vo$1,000,000$504,880$669,950$0$0$0$22,590$2,197,420
Chief Executive Officer and Chairman of the Board
Warren Hosseinion755,100382,430505,90500061,9861,705,421
President
Joshua DeTillio269,712297,500354,68400030,236952,132
Former Chief Operating Officer
Jon Bates350,000279,880239,66900054,656923,205
Chief Financial Officer
Michael Chang394,231129,880167,48800024,986716,585
Chief Medical Officer
Wesley Bamburg79,80825,00000001,164105,972
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
Thomas Vo$2,197,420$1,162,214$1,020,395+1,035,206
Warren Hosseinion1,705,4211,243,432736,026+461,989
Joshua DeTillio952,132810,664107,260+141,468
Jon Bates923,205682,578453,713+240,627
Michael Chang716,585298,876272,809+417,709
Wesley Bamburg105,972

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

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
Dividend-equivalent accruals2026-03-131,5231 insider, 1 accrual row
Pamela W. MontgomeryChief Legal Officer-Healthcare2026-03-13A79897,021CommonForm 4 ↗
Dividend-equivalent accruals2026-03-171161 insider, 1 accrual row
Kelvin SpearsDirector2026-03-17A1094945CommonForm 4 ↗
Warren HosseinionDirector2026-03-19A3,65600Derivative, Class A CommonForm 4 ↗
Warren HosseinionDirector2026-03-19A2529423,706CommonForm 4 ↗
Frank E. JaumotDirector2026-03-20A1509414,033CommonForm 4 ↗
Thomas T. VoDirector2026-04-09A184,07100CommonForm 4 ↗
Thomas T. VoDirector2026-04-09A4,84100Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-04-233,2924 insiders, 4 accrual rows
Thomas T. VoDirector2026-05-28A75,74700CommonForm 4 ↗
Kelvin SpearsDirector2026-06-04A2,51900CommonForm 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.

View all 15 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Pamela W. MontgomeryChief Legal Officer-Healthcare2026-03-13A1,523$0$0Derivative, Class A CommonForm 4 ↗
Pamela W. MontgomeryChief Legal Officer-Healthcare2026-03-13A79897,021CommonForm 4 ↗
Kelvin SpearsDirector2026-03-17A11600Derivative, Class A CommonForm 4 ↗
Kelvin SpearsDirector2026-03-17A1094945CommonForm 4 ↗
Warren HosseinionDirector2026-03-19A3,65600Derivative, Class A CommonForm 4 ↗
Warren HosseinionDirector2026-03-19A2529423,706CommonForm 4 ↗
Frank E. JaumotDirector2026-03-20A1509414,033CommonForm 4 ↗
Thomas T. VoDirector2026-04-09A184,07100CommonForm 4 ↗
Thomas T. VoDirector2026-04-09A4,84100Derivative, Class A CommonForm 4 ↗
Cheryl GrenasDirector2026-04-23A82300Derivative, Class A CommonForm 4 ↗
Frank E. JaumotDirector2026-04-23A82300Derivative, Class A CommonForm 4 ↗
Scott J. SaundersDirector2026-04-23A82300Derivative, Class A CommonForm 4 ↗
Michael L. ReedDirector2026-04-23A82300Derivative, Class A CommonForm 4 ↗
Thomas T. VoDirector2026-05-28A75,74700CommonForm 4 ↗
Kelvin SpearsDirector2026-06-04A2,51900CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Joshua DeTillioPSU$354,684
Jon BatesPSU239,669
Michael ChangOTHER167,488
Thomas VoPSU669,950
Warren HosseinionPSU505,905
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joshua DeTillio$0$354,684$0100.0%
Jon Bates0239,6690100.0%
Thomas Vo0669,9500100.0%
Warren Hosseinion0505,9050100.0%

% 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
Warren HosseinionPSU15,102$2,489,172
Thomas VoPSU20,0003,296,400
Michael ChangPSU5,000824,120
Jon BatesPSU6,5001,071,356
05

Incentive-plan design — the Compensation Discussion & Analysis

Nutex's compensation philosophy is to attract, motivate, and retain talented executives responsible for Nutex's success in an extremely competitive and rapidly evolving industry. The company strives to set compensation programs within the appropriate competitive framework based on achievement of financial results, individual contributions, and each executive's potential to enhance long-term stockholder value. Nutex generally seeks to be in the middle of its peer group for cash compensation and above average for equity-based compensation to align the interests of stockholders and NEOs.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMercer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-232,505,375126,61211,22094.79%Passed
20252025-07-142,556,545226,34216,71891.87%Passed
20242024-06-1722,676,4495,845,536434,77978.31%Passed
20232023-06-29357,154,47872,863,958268,91883%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
20262026-04-2394.79%a
20252025-07-1491.87%b
20242024-06-1778.31%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against this proposal.”.

b. Approved under the standard stated in the filing — “Failure to vote by proxy or to vote in person or an abstention from voting will have no effect on the outcome of the vote on the Amendment Proposal.”.

c. Approved under the standard stated in the filing — “If you vote to ABSTAIN on Proposal 2, your shares will not be voted FOR or AGAINST the proposal and will also not be counted as votes cast or shares voting on Proposal 2. As a result, voting to ABSTAIN will have no effect on the voting on Proposal 2.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael L. ReedIndependent · Lead Independent Director · Audit · Compensation · Nominating and Governance$207,608$70,000$0$0$277,608
Cheryl GrenasIndependent · Compensation (Chair) · Nominating and Governance201,86970,00000271,869
Scott J. SaundersIndependent · Audit · Compensation · Nominating and Governance (Chair)198,34670,00000268,346
Mitchell CreemIndependent · Audit (Chair) · Compensation · Departed during FY188,76800188,768
Frank E. JaumotIndependent · Audit (Chair) · Compensation · Nominating and Governance · Newly elected82,26970,00000152,269
Warren HosseinionEmployee director00000
Kelvin SpearsNot independent00000
Thomas T. VoEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$150,000
Annual equity retainer$70,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$878,860
Equity awards (grant-date value)$280,000
All other compensation$0
Total cost of the board$1,158,860

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
1Nutex Health2025Thomas Vo$1,000,000$669,950$0$0$2,197,420

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.

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, Thomas VoDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 2,197,420. Filing ↗machine: t12 · r3 · c13 · span 360351–360360
2Section 01, Warren HosseinionDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 1,705,421. Filing ↗machine: t12 · r7 · c13 · span 371576–371585
3Section 01, Joshua DeTillioDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 952,132. Filing ↗machine: t12 · r18 · c12 · span 398213–398220
4Section 01, Jon BatesDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 923,205. Filing ↗machine: t12 · r11 · c12 · span 382228–382235
5Section 01, Michael ChangDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 716,585. Filing ↗machine: t12 · r22 · c13 · span 409266–409273
6Section 01, Wesley BamburgDEF 14A2026-03-130001628280-26-017681Section “Summary Compensation Table” · page 30. As printed: 105,972. Filing ↗machine: r15 · c21 · span 393015–393022
7Section 03, Joshua DeTillio PSUDEF 14A2026-03-130001628280-26-017681Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t12 · r18 · c5 · span 396370–396377
8Section 03, Jon Bates PSUDEF 14A2026-03-130001628280-26-017681Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t12 · r11 · c5 · span 380794–380801
9Section 03, Michael Chang OTHERDEF 14A2026-03-130001628280-26-017681Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t12 · r22 · c5 · span 407439–407446
10Section 03, Thomas Vo PSUDEF 14A2026-03-130001628280-26-017681Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t12 · r3 · c5 · span 358316–358323
11Section 03, Warren Hosseinion PSUDEF 14A2026-03-130001628280-26-017681Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t12 · r7 · c5 · span 369749–369756
12Section 07, pay ratioDEF 14A2026-03-130001628280-26-017681Section “CEO Pay Ratio”. As printed: —. Filing ↗
13Section 08, Michael L. ReedDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 277,608. Filing ↗machine: t7 · r5 · c3 · span 243145–243152
14Section 08, Cheryl GrenasDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 271,869. Filing ↗machine: t7 · r3 · c3 · span 240539–240546
15Section 08, Scott J. SaundersDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 268,346. Filing ↗machine: t7 · r4 · c3 · span 241843–241850
16Section 08, Mitchell CreemDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 188,768. Filing ↗machine: t6 · r5 · c2 · span 234371–234378
17Section 08, Frank E. JaumotDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 152,269. Filing ↗machine: t7 · r2 · c3 · span 239239–239246
18Section 08, Warren HosseinionDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 0. Filing ↗
19Section 08, Kelvin SpearsDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 0. Filing ↗
20Section 08, Thomas T. VoDEF 14A2026-03-130001628280-26-017681Section “Director Compensation”. As printed: 0. Filing ↗
21Section 02, Pamela W. Montgomery 2026-03-13Form 42026-03-160001919434-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Pamela W. Montgomery 2026-03-13Form 42026-03-160001919434-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Kelvin Spears 2026-03-17Form 42026-03-180002018803-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Kelvin Spears 2026-03-17Form 42026-03-180002018803-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Warren Hosseinion 2026-03-19Form 42026-03-230001438327-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Warren Hosseinion 2026-03-19Form 42026-03-230001438327-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Frank E. Jaumot 2026-03-20Form 42026-03-230001303609-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Thomas T. Vo 2026-04-09Form 42026-04-100001919945-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Thomas T. Vo 2026-04-09Form 42026-04-100001919945-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Cheryl Grenas 2026-04-23Form 42026-04-240001920511-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Frank E. Jaumot 2026-04-23Form 42026-04-240001303609-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Scott J. Saunders 2026-04-23Form 42026-04-240002018971-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Michael L. Reed 2026-04-23Form 42026-04-240001922252-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Thomas T. Vo 2026-05-28Form 42026-05-290001919945-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Kelvin Spears 2026-06-04Form 42026-06-040002018803-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
36Section 06, 2026 voteForm 8-K2026-04-230001628280-26-026828Item 5.07 · say-on-pay result. As reported: 94.79% (votes for as printed: 2,505,375). Filing ↗
37Section 06, 2025 voteForm 8-K2025-07-160001628280-25-035002Item 5.07 · say-on-pay result. As reported: 91.87% (votes for as printed: 2,556,545). Filing ↗
38Section 06, 2024 voteForm 8-K2024-06-180001079973-24-000910Item 5.07 · say-on-pay result. As reported: 78.31% (votes for as printed: 22,676,449). Filing ↗
39Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 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
41Section 09b board cost (computed)ComputedcomputedCash 878,860 + equity 280,000 + all other 0 = 1,158,860, summed across the director compensation table rows.machine: formula: Σ = 1,158,860
42Nutex Health (subject), Section 10b CEO totalDEF 14A2026-03-130001628280-26-017681CEO total compensation as printed in Nutex Health's own proxy. As printed: 2,197,420. Filing ↗machine: t12 · r3 · c13 · span 360351–360360