Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-22

Spok Holdings (SPOK)

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.

$2,408,910
Vincent Kelly total, FY2025
33rd
CEO pay percentile vs peers
21:1
CEO-to-median pay ratio
95.77%
Say-on-pay support, latest vote
Companies that benchmark against SPOK
1 company names SPOK as a compensation peer

Each company listed discloses SPOK 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 SPOK 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
Vincent Kelly$500,000$999,996$452,000$456,914$2,408,910
CEO
Michael Wallace400,000599,998395,500279,4131,674,911
COO
Calvin Rice300,000324,996254,250114,202993,448
CFO
Sharon Woods Keisling250,000231,248211,87592,852785,975
Corp. Secretary and Treasurer

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
Vincent Kelly$2,408,910$2,241,872$2,371,861+167,038
Michael Wallace1,674,9111,579,3051,629,876+95,606
Calvin Rice993,448937,089908,825+56,359
Sharon Woods Keisling785,975745,250880,689+40,725

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
Sharon Woods KeislingPSU4,3227,20414,408$115,624
Sharon Woods KeislingRSU7,204115,624
Vincent KellyPSU18,69231,15362,306500,006
Vincent KellyRSU31,152499,990
Calvin RiceRSU10,124162,490
Calvin RicePSU6,07510,12520,250162,506
Michael WallaceRSU18,691299,991
Michael WallacePSU11,21518,69237,384300,007
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sharon Woods Keisling$115,624$115,624$050.0%
Vincent Kelly499,990500,006050.0%
Calvin Rice162,490162,506050.0%
Michael Wallace299,991300,007050.0%

% 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
Vincent KellyRSU20,768$273,930
Vincent KellyPSU31,153410,908
Vincent KellyPSU32,300426,037
Michael WallacePSU19,380255,622
Michael WallacePSU18,692246,547
Calvin RiceRSU3,49946,152
Michael WallaceRSU12,461164,361
Sharon Woods KeislingPSU7,20495,021
Vincent KellyRSU10,767142,017
Calvin RicePSU10,497138,455
Calvin RicePSU10,125133,549
Sharon Woods KeislingPSU7,46998,516
Calvin RiceRSU6,75089,033
Michael WallaceRSU6,46085,207
Sharon Woods KeislingRSU4,80363,352
Sharon Woods KeislingRSU2,49032,843
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is intended to motivate executives to achieve Spok’s strategic goals and operational plans and attract and retain high-quality talent while the Company transitions from a wireless-centric business model to a growth-oriented healthcare communications model. This philosophy is supported by a pay-for-performance objective that aligns executive compensation with stockholder value and an equity interest in the Company which aligns executive financial interests with those of stockholders.

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

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-07-2110,457,566461,611153,00295.77%Passed
20252025-07-2212,111,357476,088126,62796.22%Passed
20212021-07-2014,516,2171,406,35459,05191.17%Passed
20162016-07-2517,581,216161,69822,19199.09%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
20262026-07-2195.77%a
20252025-07-2296.22%b
20212021-07-2091.17%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

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)21 : 1
CEO total compensation
Median employee compensation$113,415
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Christine M. CournoyerIndependent · Nominating and Governance (3) (Chair)$98,000$100,006$198,006
Randy HyunIndependent · Audit (1) · Compensation (2) (Chair)67,000100,006167,006
Dr. Bobbie ByrneIndependent · Audit (1) · Compensation (2) · Nominating and Governance (3)65,000100,006165,006
Brett ShockleyIndependent · Audit (1) · Compensation (2) · Nominating and Governance (3)65,000100,006165,006
Todd SteinIndependent · Audit (1) (Chair)65,000100,006165,006
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$100,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 6,000 / 8,000
Stock ownership guideline$195,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$360,000
Equity awards (grant-date value)$500,030
All other compensation$0
Total cost of the board$860,030

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 Spok 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 Spok 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
1National Research Corporation2025Trent Green$697,115$6,755,000$0$0$11,961,900
2Domo, Inc.2026Joshua James500,0008,357,0040593,5509,465,244
3Kaltura, Inc.2025Ron Yekutiel552,9855,431,5790353,4716,412,754
4Weave Communications, Inc.2025Brett White520,2704,203,5000483,0005,220,802
5Ooma, Inc.2026Eric Stang619,5513,852,8000500,0005,028,580
6Health Catalyst, Inc.2025Daniel Burton525,0003,444,040003,991,159
7Synchronoss Technologies2024Jeffrey Miller520,0002,816,0000449,2803,842,280
8OptimizeRx Corporation2025Stephen Silvestro500,000752,184834,310627,6232,717,717
9Spok Holdings2025Vincent Kelly500,000452,000456,9142,408,910
10TruBridge2024Christopher L. Fowler618,0001,292,6210451,1402,363,761
11Consensus Cloud Solutions2025Scott Turicchi750,000001,012,1901,800,548
12HealthStream, Inc.2025Robert Frist400,500224,97779,550158,100868,037
13eGain Corporation2025Ashutosh Roy250,0000161,83560,000471,835
KORE Group Holdings 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
Spok Holdingsnot disclosedRSU 50 · PRSU 50not disclosedAON
Consensus Cloud Solutions122.69%not disclosedNoFrederic W. Cook & Co., Inc.
Domo, Inc.119%not disclosedNoCompensia
eGain Corporationnot disclosednot disclosednot disclosednot disclosed
Health Catalyst, Inc.39%RSU 50 · PSU 50Yes — TSR AchievementAon (Human Capital Solutions practice)
HealthStream, Inc.97.6%not disclosedNonot disclosed
Kaltura, Inc.68%RSU 100not disclosedFW Cook
KORE Group Holdings Inc.not disclosednot disclosednot disclosednot disclosed
National Research Corporationnot disclosedRSU 100not disclosednot disclosed
Ooma, Inc.80%RSU 100not disclosedCompensia Inc.
OptimizeRx Corporation191%not disclosednot disclosedPearl Meyer
Synchronoss Technologiesnot disclosedPRSU 65 · RSU 35not disclosedGrant Thornton Advisors LLC
TruBridge100%PSU 60 · RSU 40NoFrederic W. Cook & Co., Inc.
Weave Communications, Inc.92%RSU 100not disclosednot disclosed

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, Vincent KellyDEF 14A2026-04-300001289945-26-000028Section “Summary Compensation Table” · page 40. As printed: 2,408,910. Filing ↗
2Section 01, Michael WallaceDEF 14A2026-04-300001289945-26-000028Section “Summary Compensation Table” · page 40. As printed: 1,674,911. Filing ↗
3Section 01, Calvin RiceDEF 14A2026-04-300001289945-26-000028Section “Summary Compensation Table” · page 40. As printed: 993,448. Filing ↗
4Section 01, Sharon Woods KeislingDEF 14A2026-04-300001289945-26-000028Section “Summary Compensation Table” · page 40. As printed: 785,975. Filing ↗
5Section 03, Sharon Woods Keisling PSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 628521–628528
6Section 03, Sharon Woods Keisling RSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
7Section 03, Vincent Kelly PSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 598944–598951
8Section 03, Vincent Kelly RSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 595994–596001
9Section 03, Calvin Rice RSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, Calvin Rice PSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 608645–608652
11Section 03, Michael Wallace RSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Michael Wallace PSUDEF 14A2026-04-300001289945-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 618298–618305
13Section 07, pay ratioDEF 14A2026-04-300001289945-26-000028Section “CEO Pay Ratio”. As printed: 21 : 1. Filing ↗
14Section 08, Christine M. CournoyerDEF 14A2026-04-300001289945-26-000028Section “Director Compensation”. As printed: 198,006. Filing ↗machine: span 305415–305535
15Section 08, Randy HyunDEF 14A2026-04-300001289945-26-000028Section “Director Compensation”. As printed: 167,006. Filing ↗machine: span 306235–306355
16Section 08, Dr. Bobbie ByrneDEF 14A2026-04-300001289945-26-000028Section “Director Compensation”. As printed: 165,006. Filing ↗machine: span 304583–304703
17Section 08, Brett ShockleyDEF 14A2026-04-300001289945-26-000028Section “Director Compensation”. As printed: 165,006. Filing ↗machine: span 307059–307179
18Section 08, Todd SteinDEF 14A2026-04-300001289945-26-000028Section “Director Compensation”. As printed: 165,006. Filing ↗machine: span 307879–307999
19Section 06, 2026 voteForm 8-K2026-07-220001289945-26-000039Item 5.07 · say-on-pay result. As reported: 95.77% (votes for as printed: 10,457,566). Filing ↗
20Section 06, 2025 voteForm 8-K2025-07-220001289945-25-000036Item 5.07 · say-on-pay result. As reported: 96.22% (votes for as printed: 12,111,357). Filing ↗
21Section 06, 2021 voteForm 8-K2021-07-200001289945-21-000039Item 5.07 · say-on-pay result. As reported: 91.17% (votes for as printed: 14,516,217). Filing ↗
22Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
23Section 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
24Section 09b board cost (computed)ComputedcomputedCash 360,000 + equity 500,030 + all other 0 = 860,030, summed across the director compensation table rows.machine: formula: Σ = 860,030
25National Research Corporation, Section 10b CEO totalDEF 14A2026-05-080001437749-26-015775CEO total compensation as printed in National Research Corporation's own proxy. As printed: 11,961,900. Filing ↗machine: t69 · r2 · c29 · span 454149–454159
26Domo, Inc., Section 10b CEO totalDEF 14A2026-06-010001628280-26-039549CEO total compensation as printed in Domo, Inc.'s own proxy. As printed: 9,465,244. Filing ↗machine: t13 · r2 · c14 · span 455747–455756
27Kaltura, Inc., Section 10b CEO totalDEF 14A2026-04-300001140361-26-018319CEO total compensation as printed in Kaltura, Inc.'s own proxy. As printed: 6,412,754. Filing ↗machine: r2 · c18 · span 296558–296567
28Weave Communications, Inc., Section 10b CEO totalDEF 14A2026-04-280001609151-26-000041CEO total compensation as printed in Weave Communications, Inc.'s own proxy. As printed: 5,220,802. Filing ↗machine: r2 · c48 · span 367147–367156
29Ooma, Inc., Section 10b CEO totalDEF 14A2026-04-150001193125-26-156970CEO total compensation as printed in Ooma, Inc.'s own proxy. As printed: 5,028,580. Filing ↗machine: t17 · r2 · c29 · span 845378–845387
30Health Catalyst, Inc., Section 10b CEO totalDEF 14A2026-06-030001636422-26-000075CEO total compensation as printed in Health Catalyst, Inc.'s own proxy. As printed: 3,991,159. Filing ↗machine: span 702084–702093
31Synchronoss Technologies, Section 10b CEO totalDEF 14A2025-04-290001140361-25-016310CEO total compensation as printed in Synchronoss Technologies's own proxy. As printed: 3,842,280. Filing ↗machine: r2 · c25 · span 973036–973045
32OptimizeRx Corporation, Section 10b CEO totalDEF 14A2026-04-300001213900-26-049698CEO total compensation as printed in OptimizeRx Corporation's own proxy. As printed: 2,717,717. Filing ↗machine: r1 · c7 · span 817197–817206
33Spok Holdings (subject), Section 10b CEO totalDEF 14A2026-04-300001289945-26-000028CEO total compensation as printed in Spok Holdings's own proxy. As printed: 2,408,910. Filing ↗
34TruBridge, Section 10b CEO totalDEF 14A2025-03-260001193125-25-063302CEO total compensation as printed in TruBridge's own proxy. As printed: 2,363,761. Filing ↗machine: t102 · r2 · c29 · span 479547–479556
35Consensus Cloud Solutions, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016729CEO total compensation as printed in Consensus Cloud Solutions's own proxy. As printed: 1,800,548. Filing ↗machine: r2 · c19 · span 496972–496981
36HealthStream, Inc., Section 10b CEO totalDEF 14A2026-04-100001437749-26-012017CEO total compensation as printed in HealthStream, Inc.'s own proxy. As printed: 868,037. Filing ↗machine: t69 · r1 · c24 · span 501227–501234
37eGain Corporation, Section 10b CEO totalDEF 14A2025-10-170001066194-25-000019CEO total compensation as printed in eGain Corporation's own proxy. As printed: 471,835. Filing ↗machine: r2 · c14 · span 422897–422904
38Section 10a, OptimizeRx Corporation reciprocityDEF 14A0001213900-26-049698OptimizeRx Corporation's most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗
39Section 10a, Ooma, Inc. reciprocityDEF 14A0001193125-26-156970Ooma, Inc. names Spok Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, Consensus Cloud Solutions reciprocityDEF 14A0001140361-26-016729Consensus Cloud Solutions's most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗
41Section 10a, Health Catalyst, Inc. reciprocityDEF 14A0001636422-26-000075Health Catalyst, Inc.'s most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗
42Section 10a, Domo, Inc. reciprocityDEF 14A0001628280-26-039549Domo, Inc.'s most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗
43Section 10a, Synchronoss Technologies reciprocityDEF 14A0001140361-25-016310Synchronoss Technologies's most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗
44Section 10a, TruBridge reciprocityDEF 14A0001193125-25-063302TruBridge's most recent proxy was read; its disclosed peer group does not include Spok Holdings. Filing ↗