Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-10

SURF AIR MOBILITY INC. (SRFM)

CEO Deanna White was paid $2,933,208 in fiscal year 2025, ↑ up 197.9% from fiscal year 2024 (SEC filing 0001140361-26-024787 ↗): 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.

$2,933,208 ↑
Deanna White total, FY2025
—
CEO pay percentile vs peers
2:1
CEO-to-median pay ratio
—
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Sample answer — “What is the CEO’s total compensation?”
- Deanna White (Chief Executive Officer), FY2025 total compensation $2,933,208 (base salary $550,000) [exec_comp, SEC accession 0001140361-26-024787, filed 2026-06-10]

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SRFM's next annual pay disclosure, estimated July 8, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Deanna White$550,000$457,008$1,909,000$0$0$0$17,200$2,933,208
Chief Executive Officer
Oliver Reeves500,000430,463708,00000001,638,463
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Deanna White$2,933,208$984,646$1,164,780↑ +1,948,562
Oliver Reeves1,638,4631,997,016—↓ −358,553

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against SRFM
No companies currently name SRFM as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Bruce HackIndependent Director$386,841
Carl AlbertChair of the Board$446,341
David AndermanDirector$282,942
Ed MadyIndependent Director$374,341
John D'AgostinoDirector$396,841
Shawn PelsingerIndependent Director$322,342
Sudhin ShahaniDirector$593,752
Tyler PainterIndependent Director$364,341
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
Oliver Reeves ChiefPSU2024-01-01430,463500,000—708,000$1,638,463
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Oliver Reeves Chief$0$1,638,463$0100.0%

% 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
Deanna WhiteRSU400,000—$776,000
Oliver ReevesRSU300,000—582,000
Deanna WhiteOption78,5716.17—
Deanna WhiteOption83,4342.63—
Oliver ReevesOption171,4289.24—
Oliver ReevesOption53,5716.17—
Sudhin ShahaniOption100,411,4488.07—
Sudhin ShahaniOption50,205,72416.14—
Sudhin ShahaniOption33,470,48224.21—
Sudhin ShahaniOption25,102,86232.28—
Sudhin ShahaniOption20,082,28940.35—
Sudhin ShahaniOption16,735,24148.42—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to attract, motivate, retain, and reward employees and other eligible persons, with a focus on aligning the interests of executive officers with those of stockholders through equity-based incentives and performance-based bonuses.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedging—
Anti-pledging—
07

CEO pay ratio

Ratio (CEO : median employee)2 : 1
CEO total compensation—
Median employee compensation—
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Sudhin ShahaniNot independent · Governance————$593,752$593,752
Carl AlbertIndependent · Board Chair · Audit (Chair) · Compensation (Chair) · Nominating and Corporate Governance (Chair) · Not standing for re-election117,000329,341———446,341
John D'Agostino67,500329,341———396,841
Bruce HackIndependent · Audit · Compensation57,500329,341———386,841
Ed MadyIndependent · Compensation Committee45,000329,341———374,341
Tyler PainterIndependent · Audit35,000329,341———364,341
Tyrone BlandIndependent · Departed during FY23,333329,341———352,675
Shawn PelsingerIndependent · Nominating and Corporate Governance8,750313,592———322,342
David AndermanNot independent · Governance35,000———247,942282,942
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$265,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$389,083
Equity awards (grant-date value)$2,289,638
All other compensation$841,694
Total cost of the board$3,520,415

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.

Carl Albert (Chair) John D Agostino Shawn Pelsinger
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
1SURF AIR MOBILITY INC.2025Deanna White$550,000$1,909,000$0$0$2,933,208

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.

10d

Frequently asked questions

Who was the highest-paid executive at SURF AIR MOBILITY INC. in fiscal 2025?
As disclosed, Deanna White (Chief Executive Officer) was the highest-paid executive at SURF AIR MOBILITY INC. in fiscal 2025, with total compensation of $2,933,208.
What is SURF AIR MOBILITY INC.'s CEO-to-median employee pay ratio?
As disclosed, SURF AIR MOBILITY INC.'s CEO-to-median employee pay ratio was 2:1.
How much does SURF AIR MOBILITY INC. spend in total on board compensation for fiscal 2025?
As disclosed, SURF AIR MOBILITY INC. reported total board compensation of $3,520,415 for fiscal 2025.

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 is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Deanna WhiteDEF 14A2026-06-100001140361-26-024787Section “Summary Compensation Table - Fiscal Years 2025 and 2024” · page 19. As printed: 2,933,208. View filing ↗
2Section 01, Oliver ReevesDEF 14A2026-06-100001140361-26-024787Section “Summary Compensation Table - Fiscal Years 2025 and 2024” · page 19. As printed: 1,638,463. View filing ↗
3Section 03, Oliver Reeves Chief PSUDEF 14A2026-06-100001140361-26-024787Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
4Section 07, pay ratioDEF 14A2026-06-100001140361-26-024787Section “CEO Pay Ratio”. As printed: 2 : 1. View filing ↗
5Section 08, Sudhin ShahaniDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 593,752. View filing ↗
6Section 08, Carl AlbertDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 446,341. View filing ↗
7Section 08, John D'AgostinoDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 396,841. View filing ↗
8Section 08, Bruce HackDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 386,841. View filing ↗
9Section 08, Ed MadyDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 374,341. View filing ↗
10Section 08, Tyler PainterDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 364,341. View filing ↗
11Section 08, Tyrone BlandDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 352,675. View filing ↗
12Section 08, Shawn PelsingerDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 322,342. View filing ↗
13Section 08, David AndermanDEF 14A2026-06-100001140361-26-024787Section “Director Compensation”. As printed: 282,942. View filing ↗
14Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
15Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
16Section 09b board cost (computed)Computed——Cash 389,083 + equity 2,289,638 + all other 841,694 = 3,520,415, summed across the director compensation table rows.
17SURF AIR MOBILITY INC. (subject), Section 10b CEO totalDEF 14A2026-06-100001140361-26-024787CEO total compensation as printed in SURF AIR MOBILITY INC.'s own proxy. As printed: 2,933,208. View filing ↗