Companies TKO Group Holdings, Inc.
TKO (TKO): executive pay, fiscal 2025
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CEO pay, last three years
- $64,912,560FY2023
- $18,129,271FY2024
- $67,361,782FY2025
CEO total pay was $67,361,782 in fiscal 2025, up from $18,129,271 in fiscal 2024.
FY2025: salary $3,000,000 · bonus $11,880,000 · stock awards $43,982,679 · option awards $0
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ariel Emanuel | $3,000,000 | $11,880,000 | $43,982,679 | $0 | $8,120,000 | $0 | $379,103 | $67,361,782 |
| Executive Chair and Chief Executive Officer | ||||||||
| Mark Shapiro | 4,000,000 | 12,500,000 | 25,846,781 | 0 | 0 | 0 | 297,565 | 42,644,346 |
| President and Chief Operating Officer | ||||||||
| Andrew Schleimer | 2,000,000 | 7,000,000 | 14,128,964 | 0 | 0 | 0 | 10,460 | 23,139,424 |
| Chief Financial Officer | ||||||||
| Seth Krauss | 2,000,000 | 4,000,000 | 3,959,340 | 0 | 0 | 0 | 11,263 | 9,970,603 |
| Chief Administrative Officer and Senior Counsel to the Board of Directors and Senior Management | ||||||||
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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Ariel Emanuel | $67,361,782 | $18,129,271 | $64,912,560 | ↑ +49,232,511 |
| Mark Shapiro | 42,644,346 | 31,964,172 | 16,083,330 | ↑ +10,680,174 |
| Andrew Schleimer | 23,139,424 | 7,758,446 | 8,765,262 | ↑ +15,380,978 |
| Seth Krauss | 9,970,603 | 9,881,036 | 457,092 | ↑ +89,567 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our compensation structure is intended to promote a pay-for-performance approach and includes elements designed to align the interests of our named executive officers with those of our stockholders, motivate our named executive officers to achieve or exceed our targeted financial and strategic performance objectives and reward them for their achievements when those objectives are met.
| CEO STI target (% of salary) | 233% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Andrew Schleimer | RSU | 2025-08-17 | — | — | 35,506 | — | $6,705,308 |
| Seth Krauss | RSU | 2025-01-16 | — | — | 27,922 | — | 3,959,340 |
| Andrew Schleimer | RSU | 2025-01-16 | — | — | 52,353 | — | 7,423,655 |
| Mark Shapiro | RSU | 2025-08-17 | — | — | 73,969 | — | 13,969,046 |
| Ariel Emanuel | RSU | 2025-01-16 | — | — | 191,959 | — | 27,219,786 |
| Mark Shapiro | RSU | 2025-01-16 | — | — | 83,764 | — | 11,877,735 |
| Ariel Emanuel | RSU | 2025-08-17 | — | — | 88,763 | — | 16,762,893 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Andrew Schleimer | $14,128,963 | $0 | $0 | 0.0% |
| Seth Krauss | 3,959,340 | 0 | 0 | 0.0% |
| Mark Shapiro | 25,846,781 | 0 | 0 | 0.0% |
| Ariel Emanuel | 43,982,679 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Seth Krauss | RSU | 9,418 | — | $1,968,362 |
| Andrew Schleimer | RSU | 11,667 | — | 2,438,403 |
| Andrew Schleimer | RSU | 12,415 | — | 2,594,735 |
| Ariel Emanuel | RSU | 19,376 | — | 4,049,584 |
| Seth Krauss | RSU | 19,555 | — | 4,086,995 |
| Seth Krauss | RSU | 27,922 | — | 5,835,698 |
| Andrew Schleimer | RSU | 35,506 | — | 7,420,754 |
| Andrew Schleimer | RSU | 52,353 | — | 10,941,777 |
| Mark Shapiro | RSU | 73,969 | — | 15,459,521 |
| Mark Shapiro | RSU | 83,764 | — | 17,506,676 |
| Ariel Emanuel | RSU | 88,763 | — | 18,551,467 |
| Mark Shapiro | RSU | 126,375 | — | 26,412,375 |
| Ariel Emanuel | RSU | 191,959 | — | 40,119,431 |
| Ariel Emanuel | RSU | 194,082 | — | 40,563,138 |
Director compensation
No director compensation table is on file for fiscal year 2025.
Board fee structure and ownership guideline
| Annual cash retainer | $107,000 |
|---|---|
| Annual equity retainer | $200,000 |
| Per board meeting fee | $2,500 |
| Committee chair fees (audit / comp / nom-gov) | 19,000 / 20,000 / 15,000 |
| Stock ownership guideline | $5 |
Peer group, and who names TKO as a peer
Companies that benchmark against TKO
7 companies name TKO as a compensation peer
The list of companies that name TKO as a peer is temporarily unavailable — recheck shortly.
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.
Peer reciprocity
Of the companies TKO Group Holdings, Inc. 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 TKO Group Holdings, Inc..
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery, Inc. | 2025 | David Zaslav | $3,000,000 | $22,597,744 | $109,593,181 | $25,726,018 | $165,009,366 |
| 2 | TKO Group Holdings, Inc. | 2025 | Ariel Emanuel | 3,000,000 | 43,982,679 | 0 | 8,120,000 | 67,361,782 |
| 3 | Live Nation Entertainment, Inc. | 2025 | Michael Rapino | 3,000,000 | 10,000,368 | 0 | 17,372,522 | 32,552,324 |
| 4 | Fox Corporation | 2026 | Lachlan Murdoch | 3,000,000 | 8,678,255 | 2,750,000 | 11,400,000 | 31,019,117 |
| 5 | Electronic Arts Inc. | 2025 | Andrew Wilson | 1,300,000 | 25,710,910 | 0 | 2,840,067 | 30,529,835 |
| 6 | Roku, Inc. | 2025 | Anthony Wood | 1,000,000 | 12,702,990 | 12,832,220 | 0 | 26,565,120 |
| 7 | DraftKings Inc. | 2025 | Jason Robins | 1 | 19,203,672 | 0 | 0 | 22,621,941 |
| 8 | Churchill Downs Incorporated | 2025 | William Carstanjen | 1,800,000 | 11,443,380 | 0 | 5,763,331 | 19,172,839 |
| 9 | Warner Music Group Corp. | 2025 | Robert Kyncl | 2,000,000 | 10,675,719 | 0 | 0 | 15,909,250 |
| 10 | Madison Square Garden Sports Corp. | 2026 | James Dolan | 1,600,000 | 7,679,576 | 0 | 1,820,160 | 13,035,213 |
| 11 | Sirius XM Holdings Inc. | 2025 | Jennifer Witz | 2,000,000 | 0 | 0 | 6,000,000 | 8,012,795 |
| 12 | Paramount Global | 2025 | Joseph Davy | 350,000 | 375,700 | 0 | 125,000 | 859,137 |
| 13 | Take-Two Interactive Software, Inc. | 2026 | Strauss Zelnick | 1 | 0 | 0 | 0 | 403,019 |
| — | Liberty Media Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Lions Gate Entertainment Corp. | — | — | — | — | — | — | 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.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| TKO Group Holdings, Inc. | not disclosed | RSU 100 | not disclosed | Pay Governance |
| Churchill Downs Incorporated | 128.0% | PSU 50 · RSU 50 | No | Frederic W. Cook & Co., Inc. |
| DraftKings Inc. | not disclosed | RSU 50 · PSU 50 | No | Frederic W. Cook & Co., Inc. |
| Electronic Arts Inc. | 91.7% | PSU 60 · RSU 40 | Yes — Absolute TSR | Semler Brossy |
| Fox Corporation | not disclosed | RSU 50 · PSU 25 · Options 25 | Yes — The Company’s three-year total stockholder return as measured against the three-year total stockholder return of the companies that comprise the Standard & Poor’s 500 Index (“Relative TSR”) | FW Cook |
| Liberty Media Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Lions Gate Entertainment Corp. | not disclosed | PSU 70 · RSU 30 | not disclosed | Pay Governance |
| Live Nation Entertainment, Inc. | 102% | not disclosed | No | The Croner Company |
| Madison Square Garden Sports Corp. | 100% | PSU 50 · RSU 50 | No | ClearBridge Compensation Group LLC |
| Paramount Global | not disclosed | not disclosed | not disclosed | not disclosed |
| Roku, Inc. | not disclosed | Options 50 · RSU 50 | not disclosed | Compensia |
| Sirius XM Holdings Inc. | 102% | not disclosed | No | Meridian Compensation Partners, LLC |
| Take-Two Interactive Software, Inc. | 152.4% | PSU 67 · RSU 33 | Yes — Relative TSR | Frederic W. Cook & Co., Inc. |
| Warner Bros. Discovery, Inc. | 116.9% | PSU 100 | No | Pay Governance |
| Warner Music Group Corp. | 107% | RSU 68 · PSU 32 | No | Frederic W. Cook & Co. |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-12 | 110,000,339 | 44,388,047 | 145,175 | 71.25% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-06-12 | 71.25%a |
a. Approved under the standard stated in the filing — “7 Table of Contents (2) Votes marked as an "Abstention" and broker non-votes are not considered votes cast and will, therefore, not affect the outcome of 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.
CEO pay ratio
| Ratio (CEO : median employee) | 813 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $82,428 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (39 citations)
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.
- Section 01, Ariel Emanuel. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 67,361,782. View filing ↗
- Section 01, Mark Shapiro. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 42,644,346. View filing ↗
- Section 01, Andrew Schleimer. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 23,139,424. View filing ↗
- Section 01, Seth Krauss. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 9,970,603. View filing ↗
- Section 03, Andrew Schleimer RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Seth Krauss RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Andrew Schleimer RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Mark Shapiro RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Ariel Emanuel RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Mark Shapiro RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 03, Ariel Emanuel RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-23. Section “CEO Pay Ratio”. As printed: 813 : 1. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-14. Item 5.07 · say-on-pay result. As reported: 71.25% (votes for as printed: 110,000,339). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 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).
- Warner Bros. Discovery, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Warner Bros. Discovery, Inc.'s own proxy. As printed: 165,009,366. View filing ↗
- TKO Group Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in TKO Group Holdings, Inc.'s own proxy. As printed: 67,361,782. View filing ↗
- Live Nation Entertainment, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Live Nation Entertainment, Inc.'s own proxy. As printed: 32,552,324. View filing ↗
- Fox Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-17. CEO total compensation as printed in Fox Corporation's own proxy. As printed: 31,019,117. View filing ↗
- Electronic Arts Inc., Section 10b CEO total. DEF 14A, filed 2025-06-24. CEO total compensation as printed in Electronic Arts Inc.'s own proxy. As printed: 30,529,835. View filing ↗
- Roku, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Roku, Inc.'s own proxy. As printed: 26,565,120. View filing ↗
- DraftKings Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in DraftKings Inc.'s own proxy. As printed: 22,621,941. View filing ↗
- Churchill Downs Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Churchill Downs Incorporated's own proxy. As printed: 19,172,839. View filing ↗
- Warner Music Group Corp., Section 10b CEO total. DEF 14A, filed 2026-01-20. CEO total compensation as printed in Warner Music Group Corp.'s own proxy. As printed: 15,909,250. View filing ↗
- Madison Square Garden Sports Corp., Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Madison Square Garden Sports Corp.'s own proxy. As printed: 13,035,213. View filing ↗
- Sirius XM Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Sirius XM Holdings Inc.'s own proxy. As printed: 8,012,795. View filing ↗
- Paramount Global, Section 10b CEO total. 10-K, filed 2026-03-31. CEO total compensation as printed in Paramount Global's own proxy. As printed: 859,137. View filing ↗
- Take-Two Interactive Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-27. CEO total compensation as printed in Take-Two Interactive Software, Inc.'s own proxy. As printed: 403,019. View filing ↗
- Section 10a, Take-Two Interactive Software, Inc. reciprocity. DEF 14A. Take-Two Interactive Software, Inc. names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Churchill Downs Incorporated reciprocity. DEF 14A. Churchill Downs Incorporated's most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, DraftKings Inc. reciprocity. DEF 14A. DraftKings Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Electronic Arts Inc. reciprocity. DEF 14A. Electronic Arts Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Fox Corporation reciprocity. DEF 14A. Fox Corporation's most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Live Nation Entertainment, Inc. reciprocity. DEF 14A. Live Nation Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Paramount Global reciprocity. DEF 14A. Paramount Global names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Roku, Inc. reciprocity. DEF 14A. Roku, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Sirius XM Holdings Inc. reciprocity. DEF 14A. Sirius XM Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Warner Bros. Discovery, Inc. reciprocity. DEF 14A. Warner Bros. Discovery, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
- Section 10a, Warner Music Group Corp. reciprocity. DEF 14A. Warner Music Group Corp. names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗