Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-31

Paysign, Inc. (PAYS)

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.

$2,754,265
Mark Newcomer total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
98.61%
Say-on-pay support, latest vote
Companies that benchmark against PAYS
4 companies name PAYS as a compensation peer

Each company listed discloses PAYS 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 PAYS 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
Mark Newcomer$1,050,000$301,865$1,398,000$0$0$0$4,400$2,754,265
Chief Executive Officer
Matthew Turner444,987282,039815,50000001,542,526
President, Patient Affordability
Michael Ngo295,3851,8651,190,0000002,4621,489,712
Chief Innovation 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
Mark Newcomer$2,754,265
Matthew Turner1,542,526
Michael Ngo1,489,712

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
Joan M. HermanDirector2026-05-04D6,667$7$46,737CommonForm 4 ↗
Bruce A. MinaDirector2026-05-08D10,000770,950CommonForm 4 ↗
Daniel R. HenryDirector2026-05-08A20,00000CommonForm 4 ↗
Jeffrey B. NewmanDirector2026-05-08A20,00000CommonForm 4 ↗
Bruce A. MinaDirector2026-05-08D10,000771,000CommonForm 4 ↗
Dennis L. TriplettDirector2026-05-08A20,00000CommonForm 4 ↗
Bruce A. MinaDirector2026-05-08A20,00000CommonForm 4 ↗
Joan M. HermanDirector2026-05-13D6,171635,977CommonForm 4 ↗
Joan M. HermanDirector2026-05-13A11,11100CommonForm 4 ↗
Matthew LanfordDirector2026-05-18A22,22200CommonForm 4 ↗
Matthew LanfordDirector2026-05-18D12,755674,808CommonForm 4 ↗
Mark NewcomerDirector2026-05-20A133,33400CommonForm 4 ↗
Mark NewcomerDirector2026-05-20D78,7016484,011CommonForm 4 ↗
Joan M. HermanDirector2026-05-26D22,5347158,038CommonForm 4 ↗
Joan M. HermanDirector2026-05-26D22,5347158,038CommonForm 4 ↗
Robert StroboChief Legal Officer2026-05-27A66,66700CommonForm 4 ↗
Robert StroboChief Legal Officer2026-05-27D39,2357278,961CommonForm 4 ↗
Joan M. HermanDirector2026-06-01D29,2028233,730CommonForm 4 ↗
Joan M. HermanDirector2026-06-26D100,0008801,140CommonForm 4 ↗
Joan M. HermanDirector2026-07-15D28,0009243,410CommonForm 4 ↗
Joan M. HermanDirector2026-07-15D31,9049274,253CommonForm 4 ↗
Mark NewcomerDirector2026-07-29D50,0009468,985CommonForm 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
Mark NewcomerRSU2025-05-07600,000$1,398,000
Matthew TurnerRSU2025-05-07350,000815,500
Michael NgoRSU2025-05-07500,0001,165,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Newcomer$1,398,000$0$00.0%
Matthew Turner815,500000.0%
Michael Ngo1,165,000000.0%

% 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
Mark NewcomerRSU900,000$4,635,000
Michael NgoRSU500,0002,575,000
Matthew TurnerRSU470,0002,420,500
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company believes in providing a competitive total compensation package to its executives through a combination of base salary, benefits, annual performance bonuses, and long-term equity awards. The executive compensation program is designed to achieve the following objectives: provide competitive compensation that will help attract, retain, and reward qualified executives; align executives interests with our success by making a portion of the executive's compensation dependent upon corporate performance; and align executives interests with the interests of stockholders by including long-term equity incentives.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policyTrue
Anti-hedgingfalse
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-0731,789,535447,549231,53698.61%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
20252025-05-0798.61%a

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of this advisory vote.”.

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
Dennis L. TriplettIndependent · Audit · Nominating/Governance$21,000$143,200$0$0$0$164,200
Bruce A. MinaIndependent · Audit (Chair) · Compensation21,000143,200000164,200
Jeffrey B. NewmanIndependent · Audit · Nominating/Governance (Chair)21,000143,200000164,200
Daniel R. HenryIndependent · Audit · Compensation (Chair)21,000143,200000164,200
Mark R. NewcomerEmployee director · Board Chair00000
Joan M. HermanEmployee director00000
Matthew LanfordEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$21,000
Annual equity retainer$143,200
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$84,000
Equity awards (grant-date value)$572,800
All other compensation$0
Total cost of the board$656,800

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
1Paysign, Inc.2025Mark Newcomer$1,050,000$1,398,000$0$0$2,754,265

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Paysign, Inc. in fiscal 2025?
As disclosed, Mark Newcomer, Chief Executive Officer, was the highest-paid executive at Paysign, Inc. in fiscal 2025 with total compensation of $2,754,265.
How does Paysign, Inc.'s chief executive pay compare to its disclosed peer group?
The filing shows that the CEO pay percentile of disclosed peers was not disclosed.
What is Paysign, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Paysign, Inc.'s executive compensation?
As disclosed, 98.61% of shareholders supported the executive compensation plan in the latest vote.
How much does Paysign, Inc. spend in total on board compensation for fiscal 2025?
The filing shows that total board compensation for fiscal 2025 was $656,800.

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, Mark NewcomerDEF 14A2026-03-260001683168-26-002222Section “Summary Compensation Table”. As printed: 2,754,265. Filing ↗machine: span 152267–152276
2Section 01, Matthew TurnerDEF 14A2026-03-260001683168-26-002222Section “Summary Compensation Table”. As printed: 1,542,526. Filing ↗machine: span 155037–155046
3Section 01, Michael NgoDEF 14A2026-03-260001683168-26-002222Section “Summary Compensation Table”. As printed: 1,489,712. Filing ↗machine: span 157761–157770
4Section 03, Mark Newcomer RSUDEF 14A2026-03-260001683168-26-002222Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t32 · r1 · c14 · span 151889–151898
5Section 03, Matthew Turner RSUDEF 14A2026-03-260001683168-26-002222Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t33 · r2 · c2 · span 160810–160817
6Section 03, Michael Ngo RSUDEF 14A2026-03-260001683168-26-002222Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t33 · r3 · c2 · span 161756–161763
7Section 07, pay ratio10-K2026-03-250001683168-26-002180Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Dennis L. TriplettDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 164,200. Filing ↗machine: t26 · r3 · c19 · span 134228–134235
9Section 08, Bruce A. MinaDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 164,200. Filing ↗machine: t26 · r2 · c19 · span 133287–133294
10Section 08, Jeffrey B. NewmanDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 164,200. Filing ↗machine: t26 · r4 · c19 · span 135157–135164
11Section 08, Daniel R. HenryDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 164,200. Filing ↗machine: t26 · r1 · c19 · span 132351–132358
12Section 08, Mark R. NewcomerDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Joan M. HermanDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Matthew LanfordDEF 14A2026-03-260001683168-26-002222Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Joan M. Herman 2026-05-04Form 42026-05-060001683168-26-003539Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Bruce A. Mina 2026-05-08Form 42026-07-310001683168-26-005887Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Daniel R. Henry 2026-05-08Form 42026-07-310001683168-26-005886Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Jeffrey B. Newman 2026-05-08Form 42026-07-310001683168-26-005888Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Bruce A. Mina 2026-05-08Form 42026-07-310001683168-26-005887Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Dennis L. Triplett 2026-05-08Form 42026-07-310001683168-26-005889Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Bruce A. Mina 2026-05-08Form 42026-07-310001683168-26-005887Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Joan M. Herman 2026-05-13Form 42026-05-140001683168-26-003954Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Joan M. Herman 2026-05-13Form 42026-05-140001683168-26-003954Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Matthew Lanford 2026-05-18Form 42026-05-200001683168-26-004190Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Matthew Lanford 2026-05-18Form 42026-05-200001683168-26-004190Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Mark Newcomer 2026-05-20Form 42026-05-200001683168-26-004198Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Mark Newcomer 2026-05-20Form 42026-05-200001683168-26-004198Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Joan M. Herman 2026-05-26Form 42026-06-180001683168-26-004983Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Joan M. Herman 2026-05-26Form 42026-05-290001683168-26-004404Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Robert Strobo 2026-05-27Form 42026-05-290001683168-26-004406Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Robert Strobo 2026-05-27Form 42026-05-290001683168-26-004406Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Joan M. Herman 2026-06-01Form 42026-06-030001683168-26-004490Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Joan M. Herman 2026-06-26Form 42026-06-300001683168-26-005197Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Joan M. Herman 2026-07-15Form 42026-07-160001683168-26-005583Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Joan M. Herman 2026-07-15Form 42026-07-160001683168-26-005583Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Mark Newcomer 2026-07-29Form 42026-07-310001683168-26-005885Insider equity transaction reported since the proxy statement. Filing ↗
37Section 06, 2025 voteForm 8-K2025-05-130001683168-25-003453Item 5.07 · say-on-pay result. As reported: 98.61% (votes for as printed: 31,789,535). Filing ↗
38Section 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
39Section 09b board cost (computed)ComputedcomputedCash 84,000 + equity 572,800 + all other 0 = 656,800, summed across the director compensation table rows.machine: formula: Σ = 656,800
40Paysign, Inc. (subject), Section 10b CEO totalDEF 14A2026-03-260001683168-26-002222CEO total compensation as printed in Paysign, Inc.'s own proxy. As printed: 2,754,265. Filing ↗machine: span 152267–152276