Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2024-04-09

Sterling Check (STER)

Fiscal year 2023 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.

$10,678,409
Joshua Peirez total, FY2023
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against STER
No companies currently name STER as a compensation peer in their most recent disclosure.

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

01

Summary Compensation Table — fiscal year 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joshua Peirez$650,000$0$6,650,007$2,850,002$518,500$0$9,900$10,678,409
Chief Executive Officer
Lou Paglia450,00002,450,0011,050,001180,00009,9004,139,902
President and Chief Operating Officer
Peter Walker403,97702,450,0011,049,3180003,903,296
Executive Vice President and Chief Financial Officer
Steven Barnett453,81601,400,006600,003276,82809,9002,740,553
Executive Vice President, Secretary and Chief Legal & Risk 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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
Joshua Peirez$10,678,409$11,328,631$22,657,799−650,222
Lou Paglia4,139,9024,322,9727,509,947−183,070
Peter Walker3,903,2965,371,8148,009,949−1,468,518
Steven Barnett2,740,553

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 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Lou PagliaOTHER$2,250,024
Steven BarnettOPTION600,003
Steven BarnettOTHER1,400,006
Peter WalkerOPTION1,249,431
Peter WalkerOTHER2,850,019
Lou PagliaOPTION1,249,431
Joshua PeirezOPTION2,748,753
Joshua PeirezOTHER7,150,012
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Lou Paglia$0$0$1,249,4310.0%
Steven Barnett00600,0030.0%
Peter Walker001,249,4310.0%
Joshua Peirez002,748,7530.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Lou PagliaOption35,3399.39
Lou PagliaOption107,81322.35
Steven BarnettOption29,9509.68
Joshua PeirezOption781,56323
Joshua PeirezOption403,11212.79
Joshua PeirezRSU110,7391,541,487
Lou PagliaOption253,3779.68
Steven BarnettRSU43,536606,021
Joshua PeirezRSU519,9387,237,537
Joshua PeirezRSU191,5532,666,418
Steven BarnettRSU109,4611,523,697
Lou PagliaOption47,9209.68
Steven BarnettRSU17,392242,097
Steven BarnettOption156,31323
Steven BarnettOption53,90722.35
Lou PagliaRSU191,5562,666,460
Lou PagliaRSU43,536606,021
Lou PagliaOption119,8009.68
Steven BarnettOption59,9009.68
Steven BarnettRSU25,169350,352
Lou PagliaRSU26,087363,131
Steven BarnettOption84,86612.79
Joshua PeirezRSU86,9571,210,441
Lou PagliaRSU50,337700,691
Joshua PeirezOption237,18922.35
Lou PagliaOption234,46923
Lou PagliaOption148,51512.79
Joshua PeirezOption239,6009.68
Joshua PeirezOption1,497,5009.68
Joshua PeirezOption643,3269.68
Steven BarnettOption239,8649.39
Steven BarnettOption107,8209.68
Steven BarnettOption71,8809.68
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation philosophy is centered on two key tenets: Build long-term value for stockholders and drive employee engagement and retention. In support of those tenets our program is guided by the following principles that underpin the critical connections between performance, long-term value creation, talent management and compensation governance: Competitively-Positioned, Performance-Driven and Shareholder-Aligned, Linkage to Company Goals and Strategy, Responsibly-Governed.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedgingtrue
Anti-pledgingtrue
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael GrebeIndependent · Board Chair · Compensation · Nominating/Governance (Chair)$104,973$200,004$0$0$304,977
Kristin JohnsenIndependent · Audit · Nominating/Governance · Partial-year service32,8570250,0000282,857
L. Frederick SutherlandIndependent · Audit (Chair) · Nominating/Governance77,473200,00400277,477
Jill LarsenIndependent · Compensation (Chair) · Nominating/Governance70,000200,00400270,004
Mohit KapoorIndependent · Audit0260,01400260,014
Mark JenningsIndependent · Compensation0257,49800257,498
Jagtar NarulaIndependent · Audit · Partial-year service2,772250,00700252,779
Adrian JonesNot independent00000
Bertrand VillonNot independent · Partial-year service00000
William ChenNot independent · Departed during FY00000
Christopher CramptonNot independent · Departed during FY000000
Joshua PeirezEmployee director00000
Arthur J. Rubado IIIIndependent · Not standing for re-election · Departed during FY00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline5x annual retainer (Non-Employee Directors); 6x annual salary (CEO); 3x annual salary (Other Executive Officers)
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$288,075
Equity awards (grant-date value)$1,367,531
All other compensation$0
Total cost of the board$1,655,606

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
1Sterling Check2023Joshua Peirez$650,000$6,650,007$2,850,002$518,500$10,678,409

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.

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, Joshua PeirezDEF 14A2024-04-090001140361-24-018867Section “Executive Compensation”. As printed: 10,678,409. Filing ↗
2Section 01, Lou PagliaDEF 14A2024-04-090001140361-24-018867Section “Summary Compensation Table” · page 29. As printed: 4,139,902. Filing ↗machine: r3 · c25 · span 448894–448903
3Section 01, Peter WalkerDEF 14A2024-04-090001140361-24-018867Section “Summary Compensation Table” · page 29. As printed: 3,903,296. Filing ↗machine: r6 · c25 · span 470830–470839
4Section 01, Steven BarnettDEF 14A2024-04-090001140361-24-018867Section “Summary Compensation Table” · page 29. As printed: 2,740,553. Filing ↗machine: r5 · c25 · span 459922–459931
5Section 03, Lou Paglia OTHERDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r4 · c10 · span 451142–451151
6Section 03, Steven Barnett OPTIONDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r5 · c16 · span 457895–457902
7Section 03, Steven Barnett OTHERDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r5 · c13 · span 457218–457227
8Section 03, Peter Walker OPTIONDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r7 · c13 · span 468850–468859
9Section 03, Peter Walker OTHERDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r7 · c10 · span 468194–468203
10Section 03, Lou Paglia OPTIONDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r4 · c13 · span 451717–451726
11Section 03, Joshua Peirez OPTIONDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r2 · c13 · span 440503–440512
12Section 03, Joshua Peirez OTHERDEF 14A2024-04-090001140361-24-018867Section “TABLE OF CONTENTS EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t118 · r2 · c10 · span 439847–439856
13Section 08, Michael GrebeDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 304,977. Filing ↗machine: t151 · r1 · c13 · span 802306–802313
14Section 08, Kristin JohnsenDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 282,857. Filing ↗machine: t151 · r4 · c13 · span 810995–811002
15Section 08, L. Frederick SutherlandDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 277,477. Filing ↗machine: t151 · r10 · c13 · span 828786–828793
16Section 08, Jill LarsenDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 270,004. Filing ↗machine: t151 · r7 · c13 · span 820027–820034
17Section 08, Mohit KapoorDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 260,014. Filing ↗machine: t151 · r6 · c7 · span 815735–815742
18Section 08, Mark JenningsDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 257,498. Filing ↗machine: t151 · r3 · c7 · span 806888–806895
19Section 08, Jagtar NarulaDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 252,779. Filing ↗machine: t151 · r8 · c13 · span 822857–822864
20Section 08, Adrian JonesDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Bertrand VillonDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, William ChenDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Christopher CramptonDEF 14A2023-04-180001140361-23-018806Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, Joshua PeirezDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Arthur J. Rubado IIIDEF 14A2024-04-090001140361-24-018867Section “Director Compensation”. As printed: 0. Filing ↗
26Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
27Section 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
28Section 09b board cost (computed)ComputedcomputedCash 288,075 + equity 1,367,531 + all other 0 = 1,655,606, summed across the director compensation table rows.machine: formula: Σ = 1,655,606
29Sterling Check (subject), Section 10b CEO totalDEF 14A2024-04-090001140361-24-018867CEO total compensation as printed in Sterling Check's own proxy. As printed: 10,678,409. Filing ↗