Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-01

BRC Group Holdings (RILY)

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.

$16,123,180
Bryant Riley total, FY2025
11th
CEO pay percentile vs peers
CEO-to-median pay ratio
85.44%
Say-on-pay support, latest vote
Companies that benchmark against RILY
3 companies name RILY as a compensation peer

Each company listed discloses RILY 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 RILY 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
Bryant Riley$639,292$0$0$0$15,298,388$0$185,500$16,123,180
Chairman and Co-Chief Executive Officer
Andrew Moore550,0001,250,0002,165,6230195,7360208,6264,369,985
Chief Executive Officer, B. Riley Securities, Inc.
Thomas Kelleher700,0002,450,0000000185,5003,335,500
Co-Chief Executive Officer
Scott Yessner320,769878,274295,000523,000500,00005,2502,522,293
Executive Vice President and Chief Financial Officer
Alan Forman497,692750,000000027,1661,274,858
Executive Vice President, General Counsel & Secretary
Phillip Ahn211,1540000095,102306,256
Chief Financial Officer 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
Bryant Riley$16,123,180$2,168,622+13,954,558
Andrew Moore4,369,9852,277,666+2,092,319
Thomas Kelleher3,335,5002,168,622+1,166,878
Scott Yessner2,522,293
Alan Forman1,274,8581,480,452−205,594
Phillip Ahn306,2561,194,211−887,955

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
Bryant R. RileyDirector2026-04-13D17,059$7$123,337CommonForm 4 ↗
Alan FormanEVP, General Counsel, Sec2026-04-13D3,741727,047CommonForm 4 ↗
Howard WeitzmanSVP, Chief Accounting Officer2026-04-13D4,861735,145CommonForm 4 ↗
KELLEHER THOMAS J /ADVCo-CEO2026-04-13D22,4407162,241CommonForm 4 ↗
Alan FormanEVP, General Counsel, Sec2026-05-13D79,4459680,319CommonForm 4 ↗
Alan FormanEVP, General Counsel, Sec2026-05-13D20,5559176,372CommonForm 4 ↗
KELLEHER THOMAS J /ADVCo-CEO2026-06-16D3,00000CommonForm 4 ↗
Bryant R. RileyDirector2026-06-16D195,49291,759,428CommonForm 4 ↗
Alan Forman2026-06-30D2,853823,338CommonForm 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
Scott YessnerOPTION2025-06-03100,000$172,000
Scott YessnerOPTION2025-06-03100,000190,000
Scott YessnerOPTION2025-06-03100,000161,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Scott Yessner$0$0$523,0000.0%

% 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
Andrew MooreRSU37,874$176,872
Scott YessnerOption100,00010
Scott YessnerOption100,00012.5
Andrew MooreRSU187,3602,165,623
Bryant RileyRSU71,793335,273
Alan FormanRSU18,28585,391
Thomas KelleherRSU71,793335,273
Scott YessnerOption100,0007
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed (i) to provide incentives to our executive officers to manage and grow our businesses and (ii) to attract, retain, and motivate top quality, effective executives.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantMercer LLC
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1910,707,1121,742,37182,15985.44%Passed
20252025-12-018,918,2351,667,953280,83282.07%Passed
20222022-05-2418,191,3521,674,16873,59291.23%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
20262026-05-1985.44%a
20252025-12-0182.07%b
20222022-05-2491.23%c

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

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

c. Approved under the standard stated in the filing — “Abstentions will be counted as present for purposes of determining the presence of a quorum and will have the same effect as a vote against this proposal.”.

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
Renée E. LaBranIndependent · Audit Committee · Environmental, Social and Corporate Governance Committee · Special Committee$109,162$0$0$0$109,162
Mimi K. WaltersIndependent · Environmental, Social and Corporate Governance Committee (Chair)106,865000106,865
Tammy BrandtIndependent · Compensation Committee · Special Committee102,273000102,273
Randall E. PaulsonIndependent · Audit Committee (Chair)82,66300082,663
Robert D AgostinoIndependent · Audit Committee · Compensation Committee (Chair) · Not standing for re-election82,66300082,663
Robert L. AntinIndependent · Compensation Committee · Environmental, Social and Corporate Governance Committee73,47800073,478
Michael J. SheldonIndependent · Compensation Committee71,18200071,182
Bryant R. RileyEmployee director · Board Chair00000
Thomas J. KelleherEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$100,000
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$628,286
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$628,286

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.

10a

Peer reciprocity

Of the companies BRC Group 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.

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 BRC Group 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
1Moelis & Company2025Navid Mahmoodzadegan$400,000$34,120,701$0$0$42,846,376
2BRC Group Holdings2025Bryant Riley639,2920015,298,38816,123,180
3Lazard Ltd.2025Peter Orszag900,0008,666,5480013,723,452
4Canaccord Genuity Inc.2025W. Anthony Will1,400,0007,726,17404,200,00013,711,938
5Houlihan Lokey Inc.2025Scott Adelson500,0000010,500,00011,329,033
6Piper Sandler Cos2025Chad Abraham650,0003,735,35506,165,00011,030,039
7Oppenheimer Holdings Inc.2025Robert Lowenthal500,0001,037,40008,000,0009,546,400
8Perella Weinberg Partners2025Andrew Bednar500,0003,636,55305,147,053
9BGC Group, Inc.2024Sean Windeatt850,675003,047,8473,898,522
10PJT Partners Inc.2025Paul Taubman1,000,0000001,031,350
Cowen Inc.not in coverage universe
Greenhill & Co. Inc.not 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
BRC Group Holdingsnot disclosedRSU 100not disclosedMercer LLC
BGC Group, Inc.not disclosednot disclosednot disclosedKorn Ferry
Canaccord Genuity Inc.200%PSU 60 · RSU 40NoExequity LLP
Cowen Inc.not disclosednot disclosednot disclosednot disclosed
Greenhill & Co. Inc.not disclosednot disclosednot disclosednot disclosed
Houlihan Lokey Inc.2100%not disclosedNoWTW
Lazard Ltd.not disclosedMSU 50 · PIPR 50Yes — 3-year relative TSR vs. S&P 1500Compensation Advisory Partners (CAP)
Moelis & Companynot disclosednot disclosedYes — TSR Performance ConditionWillis Towers Watson
Oppenheimer Holdings Inc.not disclosedRSU 100not disclosedPay Governance LLC
Perella Weinberg Partnersnot disclosednot disclosedNoExequity LLP
Piper Sandler Cosnot disclosedPSU 100Yes — Relative TSRSemler Brossy
PJT Partners Inc.not disclosednot disclosedNoWillis Towers Watson

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, Bryant RileyDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 16,123,180. Filing ↗machine: span 558769–558779
2Section 01, Andrew MooreDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 4,369,985. Filing ↗machine: span 741605–741614
3Section 01, Thomas KelleherDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 3,335,500. Filing ↗machine: r4 · c20 · span 594849–594858
4Section 01, Scott YessnerDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 2,522,293. Filing ↗machine: t13 · r7 · c20 · span 632699–632708
5Section 01, Alan FormanDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 1,274,858. Filing ↗machine: r10 · c20 · span 667258–667267
6Section 01, Phillip AhnDEF 14A2026-04-090001213900-26-042006Section “2025 Summary Compensation Table”. As printed: 306,256. Filing ↗machine: r13 · c20 · span 704085–704092
7Section 03, Scott Yessner OPTIONDEF 14A2026-04-090001213900-26-042006Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t15 · r4 · c4 · span 838404–838411
8Section 03, Scott Yessner OPTIONDEF 14A2026-04-090001213900-26-042006Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t15 · r4 · c4 · span 838404–838411
9Section 03, Scott Yessner OPTIONDEF 14A2026-04-090001213900-26-042006Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t15 · r4 · c4 · span 838404–838411
10Section 07, pay ratio10-K/A2026-04-010001464790-26-000027Section “CEO Pay Ratio”. As printed: —. Filing ↗
11Section 08, Renée E. LaBranDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 109,162. Filing ↗machine: t20 · r4 · c2 · span 1098092–1098099
12Section 08, Mimi K. WaltersDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 106,865. Filing ↗machine: t20 · r7 · c2 · span 1111370–1111377
13Section 08, Tammy BrandtDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 102,273. Filing ↗machine: t20 · r2 · c2 · span 1089217–1089224
14Section 08, Randall E. PaulsonDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 82,663. Filing ↗machine: t20 · r5 · c2 · span 1102502–1102508
15Section 08, Robert D AgostinoDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 82,663. Filing ↗machine: t20 · r3 · c2 · span 1093627–1093633
16Section 08, Robert L. AntinDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 73,478. Filing ↗machine: t20 · r1 · c2 · span 1084744–1084750
17Section 08, Michael J. SheldonDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 71,182. Filing ↗machine: t20 · r6 · c2 · span 1106965–1106971
18Section 08, Bryant R. RileyDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 0. Filing ↗
19Section 08, Thomas J. KelleherDEF 14A2026-04-090001213900-26-042006Section “Director Compensation”. As printed: 0. Filing ↗
20Section 02, Bryant R. Riley 2026-04-13Form 42026-04-150001213900-26-044182Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Alan Forman 2026-04-13Form 42026-04-150001213900-26-044179Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Howard Weitzman 2026-04-13Form 42026-04-150001213900-26-044181Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, KELLEHER THOMAS J /ADV 2026-04-13Form 42026-04-150001213900-26-044180Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Alan Forman 2026-05-13Form 42026-05-150001213900-26-057748Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Alan Forman 2026-05-13Form 42026-05-150001213900-26-057748Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, KELLEHER THOMAS J /ADV 2026-06-16Form 42026-06-240001213900-26-071549Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Bryant R. Riley 2026-06-16Form 42026-06-160001213900-26-069380Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Alan Forman 2026-06-30Form 42026-07-010001213900-26-074256Insider equity transaction reported since the proxy statement. Filing ↗
29Section 06, 2026 voteForm 8-K2026-05-260001213900-26-061025Item 5.07 · say-on-pay result. As reported: 85.44% (votes for as printed: 10,707,112). Filing ↗
30Section 06, 2025 voteForm 8-K2025-12-030001213900-25-117569Item 5.07 · say-on-pay result. As reported: 82.07% (votes for as printed: 8,918,235). Filing ↗
31Section 06, 2022 voteForm 8-K2022-05-270001213900-22-029843Item 5.07 · say-on-pay result. As reported: 91.23%. Filing ↗
32Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
33Section 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
34Section 09b board cost (computed)ComputedcomputedCash 628,286 + equity 0 + all other 0 = 628,286, summed across the director compensation table rows.machine: formula: Σ = 628,286
35Moelis & Company, Section 10b CEO totalDEF 14A2026-04-300001193125-26-193242CEO total compensation as printed in Moelis & Company's own proxy. As printed: 42,846,376. Filing ↗machine: t240 · r10 · c16 · span 660051–660061
36BRC Group Holdings (subject), Section 10b CEO totalDEF 14A2026-04-090001213900-26-042006CEO total compensation as printed in BRC Group Holdings's own proxy. As printed: 16,123,180. Filing ↗machine: span 558769–558779
37Lazard Ltd., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024088CEO total compensation as printed in Lazard Ltd.'s own proxy. As printed: 13,723,452. Filing ↗machine: r3 · c11 · span 3696981–3696991
38Canaccord Genuity Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029482CEO total compensation as printed in Canaccord Genuity Inc.'s own proxy. As printed: 13,711,938. Filing ↗machine: r1 · c21 · span 1359979–1359989
39Houlihan Lokey Inc., Section 10b CEO totalDEF 14A2025-07-250001302215-25-000084CEO total compensation as printed in Houlihan Lokey Inc.'s own proxy. As printed: 11,329,033. Filing ↗machine: t36 · r2 · c14 · span 344700–344710
40Piper Sandler Cos, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041101CEO total compensation as printed in Piper Sandler Cos's own proxy. As printed: 11,030,039. Filing ↗machine: t78 · r1 · c41 · span 720190–720200
41Oppenheimer Holdings Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027365CEO total compensation as printed in Oppenheimer Holdings Inc.'s own proxy. As printed: 9,546,400. Filing ↗machine: span 669539–669548
42Perella Weinberg Partners, Section 10b CEO totalDEF 14A2026-04-100001777835-26-000029CEO total compensation as printed in Perella Weinberg Partners's own proxy. As printed: 5,147,053. Filing ↗machine: t15 · r5 · c8 · span 817572–817581
43BGC Group, Inc., Section 10b CEO totalDEF 14A2025-09-300001213900-25-093426CEO total compensation as printed in BGC Group, Inc.'s own proxy. As printed: 3,898,522. Filing ↗machine: span 888832–888841
44PJT Partners Inc., Section 10b CEO totalDEF 14A2026-04-290001628280-26-028424CEO total compensation as printed in PJT Partners Inc.'s own proxy. As printed: 1,031,350. Filing ↗machine: t143 · r5 · c16 · span 827753–827762
45Section 10a, BGC Group, Inc. reciprocityDEF 14A0001213900-25-093426BGC Group, Inc.'s most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
46Section 10a, Moelis & Company reciprocityDEF 14A0001193125-26-193242Moelis & Company's most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
47Section 10a, Perella Weinberg Partners reciprocityDEF 14A0001777835-26-000029Perella Weinberg Partners's most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
48Section 10a, Piper Sandler Cos reciprocityDEF 14A0001104659-26-041101Piper Sandler Cos's most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
49Section 10a, PJT Partners Inc. reciprocityDEF 14A0001628280-26-028424PJT Partners Inc.'s most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
50Section 10a, Houlihan Lokey Inc. reciprocityDEF 14A0001302215-25-000084Houlihan Lokey Inc.'s most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗
51Section 10a, Canaccord Genuity Inc. reciprocityDEF 14A0001104659-26-029482Canaccord Genuity Inc.'s most recent proxy was read; its disclosed peer group does not include BRC Group Holdings. Filing ↗