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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Robert Ball | $467,944 | $0 | $0 | $494,126 | $224,613 | $0 | $15,800 | $1,202,483 |
| Chief Executive Officer and Executive Chairman | ||||||||
| David Blue | 364,455 | 0 | 0 | 148,238 | 247,101 | 0 | 18,977 | 778,771 |
| Chief Customer Experience Officer | ||||||||
| Jeffrey Points | 378,144 | 50,000 | — | 98,825 | 181,509 | — | 11,338 | 719,816 |
| Chief Financial 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Robert Ball | $1,202,483 | $628,114 | — | +574,369 |
| David Blue | 778,771 | — | — | — |
| Jeffrey Points | 719,816 | 507,812 | — | +212,004 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Robert Ball | Director | 2026-04-30 | A | 10,000 | $2 | $24,804 | Common | Form 4 ↗ |
| Robert Ball | Director | 2026-04-30 | D | 10,000 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Matthew Ahearn | Director | 2026-06-12 | D | 1,644 | 18 | 29,922 | Common, open-market sale | Form 4 ↗ |
| Matthew Ahearn | Director | 2026-06-12 | D | 2,500 | 19 | 48,148 | Common, open-market sale | Form 4 ↗ |
| Matthew Ahearn | Director | 2026-06-12 | D | 15,856 | 19 | 296,185 | Common, open-market sale | Form 4 ↗ |
| Casey Tansey | Director | 2026-06-26 | A | 5,046 | 0 | 0 | RSU | Form 4 ↗ |
| Andrew Hykes | Director | 2026-06-26 | A | 5,046 | 0 | 0 | RSU | Form 4 ↗ |
| Paul Buckman | Director | 2026-06-26 | A | 5,046 | 0 | 0 | RSU | Form 4 ↗ |
| Richard J. Buchholz | Director | 2026-06-26 | A | 5,046 | 0 | 0 | RSU | Form 4 ↗ |
| Kevin Sidow | Director | 2026-06-26 | A | 5,046 | 0 | 0 | RSU | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Blue | OPTION | 2025-04-23 | — | — | 51,795 | — | $148,238 |
| Jeffrey Points | OPTION | 2025-04-23 | — | — | 34,530 | — | 98,825 |
| Robert Ball | OPTION | 2025-04-23 | — | — | 172,650 | — | 494,126 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Blue | $0 | $0 | $148,238 | 0.0% |
| Jeffrey Points | 0 | 0 | 98,825 | 0.0% |
| Robert Ball | 0 | 0 | 494,126 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jeffrey Points | Option | 34,530 | 2.86 | — |
| David Blue | Option | 9,352 | 2.48 | — |
| Robert Ball | Option | 183,438 | 2.1 | — |
| Robert Ball | Option | 172,650 | 2.86 | — |
| Robert Ball | Option | 116,789 | 2.48 | — |
| Jeffrey Points | Option | 46,426 | 2.48 | — |
| David Blue | Option | 51,795 | 2.86 | — |
| CEO STI target (% of salary) | 50% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | Adopted in July 2025. Applies to current and former executive officers. Requires recovery of incentive-based compensation erroneously awarded in the event of an accounting restatement due to material noncompliance with financial reporting requirements. Covers compensation granted, earned, or vested based on financial reporting measures received during the applicable three-year period. Recovery may be deemed impractical at Compensation Committee discretion. |
| Anti-hedging | The Insider Trading Policy specifically prohibits hedging transactions, engaging in transactions in puts, calls or other derivative securities involving the Company's equity securities, and short sales. |
| Anti-pledging | True |
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Kevin SidowIndependent · Audit · Compensation (Chair) | $49,167 | $114,990 | $51,836 | $0 | $0 | $215,993 |
| Paul BuckmanIndependent · Lead Independent Director · Audit · Nominating/Governance (Chair) | 45,000 | 114,990 | 43,538 | 0 | 0 | 203,528 |
| Richard J. BuchholzIndependent · Audit (Chair) · Nominating/Governance | 27,083 | 114,990 | — | 0 | 0 | 142,073 |
| Geoff PardoIndependent · Departed during FY | 26,042 | 114,990 | — | 0 | 0 | 141,032 |
| Casey TanseyIndependent · Compensation · Nominating/Governance | 23,958 | 114,990 | — | 0 | 0 | 138,948 |
| Michael CarusiIndependent · Not standing for re-election | 18,750 | 114,990 | — | 0 | 0 | 133,740 |
| Andrew HykesIndependent · Compensation · Newly elected | 0 | 0 | 0 | 0 | 0 | 0 |
| Robert BallEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Matthew AhearnEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $45,000 |
|---|---|
| Annual equity retainer | $115,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 7,500 / 5,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $190,000 |
| Equity awards (grant-date value) | $689,940 |
| All other compensation | $0 |
| Total cost of the board | $879,940 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Shoulder Innovations, Inc. | 2025 | Robert Ball | $467,944 | $0 | $494,126 | $224,613 | $1,202,483 |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Robert Ball | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Summary Compensation Table for 2025 and 2024”. As printed: 1,202,483. Filing ↗machine: r2 · c21 · span 279096–279105 |
| 2 | Section 01, David Blue | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Summary Compensation Table for 2025 and 2024”. As printed: 778,771. Filing ↗machine: r6 · c21 · span 286634–286641 |
| 3 | Section 01, Jeffrey Points | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Summary Compensation Table for 2025 and 2024”. As printed: 719,816. Filing ↗machine: r4 · c21 · span 282861–282868 |
| 4 | Section 03, David Blue OPTION | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t37 · r6 · c4 · span 285945–285952 |
| 5 | Section 03, Jeffrey Points OPTION | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t37 · r4 · c4 · span 282173–282179 |
| 6 | Section 03, Robert Ball OPTION | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t37 · r2 · c4 · span 278329–278336 |
| 7 | Section 07, pay ratio | 10-K | 2026-03-10 | 0001699350-26-000011 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Kevin Sidow | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 215,993. Filing ↗machine: t32 · r6 · c7 · span 246744–246751 |
| 9 | Section 08, Paul Buckman | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 203,528. Filing ↗machine: t32 · r3 · c7 · span 242307–242314 |
| 10 | Section 08, Richard J. Buchholz | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 142,073. Filing ↗machine: t32 · r2 · c7 · span 240758–240765 |
| 11 | Section 08, Geoff Pardo | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 141,032. Filing ↗machine: t32 · r5 · c7 · span 245408–245415 |
| 12 | Section 08, Casey Tansey | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 138,948. Filing ↗machine: t32 · r7 · c7 · span 248082–248089 |
| 13 | Section 08, Michael Carusi | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 133,740. Filing ↗machine: t32 · r4 · c7 · span 243859–243866 |
| 14 | Section 08, Andrew Hykes | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Robert Ball | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 08, Matthew Ahearn | DEF 14A | 2026-04-29 | 0001699350-26-000026 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 02, Robert Ball 2026-04-30 | Form 4 | 2026-04-30 | 0002070664-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 18 | Section 02, Robert Ball 2026-04-30 | Form 4 | 2026-04-30 | 0002070664-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 02, Matthew Ahearn 2026-06-12 | Form 4 | 2026-06-16 | 0002070582-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 20 | Section 02, Matthew Ahearn 2026-06-12 | Form 4 | 2026-06-16 | 0002070582-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 21 | Section 02, Matthew Ahearn 2026-06-12 | Form 4 | 2026-06-16 | 0002070582-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 22 | Section 02, Casey Tansey 2026-06-26 | Form 4 | 2026-06-29 | 0001628280-26-046099 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 23 | Section 02, Andrew Hykes 2026-06-26 | Form 4 | 2026-06-29 | 0001806431-26-000004 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 24 | Section 02, Paul Buckman 2026-06-26 | Form 4 | 2026-06-29 | 0001215243-26-000005 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 25 | Section 02, Richard J. Buchholz 2026-06-26 | Form 4 | 2026-06-29 | 0001737133-26-000003 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 26 | Section 02, Kevin Sidow 2026-06-26 | Form 4 | 2026-06-29 | 0002072468-26-000001 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 27 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 28 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 29 | Section 09b board cost (computed) | Computed | — | computed | Cash 190,000 + equity 689,940 + all other 0 = 879,940, summed across the director compensation table rows.machine: formula: Σ = 879,940 |
| 30 | Shoulder Innovations, Inc. (subject), Section 10b CEO total | DEF 14A | 2026-04-29 | 0001699350-26-000026 | CEO total compensation as printed in Shoulder Innovations, Inc.'s own proxy. As printed: 1,202,483. Filing ↗machine: r2 · c21 · span 279096–279105 |