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Companies Frontier Group Holdings, Inc.

Frontier (ULCC): executive pay, fiscal 2025

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CEO total pay$4,237,766CEO James Dempsey · source
Say-on-pay support81.86%Latest vote · source
CEO vs. named peers17th pct.Of 6 peer CEOs
CEO pay ratio120:1To the median employee · source

CEO pay, last three years

  • $5,232,018FY2023
  • $1,149,534FY2024
  • $4,237,766FY2025

CEO total pay was $4,237,766 in fiscal 2025, up from $1,149,534 in fiscal 2024.

FY2025: salary $655,074 · bonus $0 · stock awards $2,699,987 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Frontier Group Holdings, Inc. in fiscal 2025?
As disclosed, Barry Biffle (Former Chief Executive Officer) was the highest-paid executive at Frontier Group Holdings, Inc. in fiscal 2025, with total compensation of $6,465,509.
How does Frontier Group Holdings, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, James Dempsey's total compensation ranked at the 17th percentile of Frontier Group Holdings, Inc.'s disclosed peer group.
What is Frontier Group Holdings, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Frontier Group Holdings, Inc.'s CEO-to-median employee pay ratio was 120:1.
How did shareholders vote on Frontier Group Holdings, Inc.'s executive compensation?
As disclosed, 81.86% of shareholders supported Frontier Group Holdings, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Frontier Group Holdings, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Frontier Group Holdings, Inc. reported total board compensation of $2,542,363 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Barry Biffle$744,770$0$4,499,988$0$1,210,251$0$10,500$6,465,509
Former Chief Executive Officer
James Dempsey655,07402,699,9870872,88609,8194,237,766
Chief Executive Officer and President
Howard Diamond498,47901,334,9880510,318010,5002,354,285
Executive Vice President, Legal and Corporate Affairs
Mark Mitchell486,58101,050,0010453,858010,5002,000,940
Senior Vice President, Chief Financial Officer
Robert Schroeter425,78401,050,0010377,777010,5001,864,062
Senior Vice President, Chief Commercial Officer
Alexandre Clerc410,78401,050,0010364,46806,1571,831,410
Senior Vice President, Customers

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
Barry Biffle$6,465,509$1,443,469$8,582,703↑ +5,022,040
James Dempsey4,237,7661,149,5345,232,018↑ +3,088,232
Howard Diamond2,354,2851,507,0173,393,030↑ +847,268
Mark Mitchell2,000,940745,2502,672,566↑ +1,255,690
Robert Schroeter1,864,0622,401,357—↓ −537,295
Alexandre Clerc1,831,4101,958,616—↓ −127,206

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

Frontier seeks to ensure total compensation is reasonable and competitive, structured around the achievement of near-term corporate targets, long-term business objectives, and individual performance. The company aims to attract and retain highly qualified executives by providing a straightforward, clear, and performance-driven compensation program that aligns executive interests with stockholders through long-term equity-based incentives.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Barry BiffleRSU2025-02-06——185,414—$1,499,999
Alexandre ClercPSU2025-02-06—24,453—48,906233,338
Alexandre ClercPSU2025-02-06—12,283—24,566116,665
Howard DiamondRSU2025-02-06——55,006—444,999
Howard DiamondPSU2025-02-06—31,089—62,178296,659
Mark MitchellRSU2025-02-06——43,263—349,998
Robert SchroeterPSU2025-02-06—12,283—24,566116,665
Robert SchroeterPSU2025-02-06—24,453—48,906233,338
Mark MitchellPSU2025-02-06—24,453—48,906233,338
Alexandre ClercRSU2025-02-06——43,263—349,998
Barry BifflePSU2025-02-06—104,797—209,594999,999
Barry BifflePSU2025-02-06—52,641—105,282499,996
James DempseyPSU2025-02-06—93,376—186,752900,002
James DempseyRSU2025-02-06——111,248—899,996
James DempseyPSU2025-02-06—62,878—125,756599,997
Howard DiamondPSU2025-02-06—46,169—92,338444,998
Mark MitchellPSU2025-02-06—12,283—24,566116,665
Robert SchroeterRSU2025-02-06——43,263—349,998
James DempseyPSU2025-02-06—31,584—63,168299,991
Barry BifflePSU2025-02-06—155,626—311,2521,499,994
Robert SchroeterPSU2025-02-06—36,313—72,626350,000
Howard DiamondPSU2025-02-06—15,617—31,234148,333
Mark MitchellPSU2025-02-06—36,313—72,626350,000
Alexandre ClercPSU2025-02-06—36,313—72,626350,000

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Barry Biffle$1,499,999$2,999,989$066.7%
Alexandre Clerc349,998700,003066.7%
Howard Diamond444,999889,990066.7%
Mark Mitchell349,998700,003066.7%
Robert Schroeter349,998700,003066.7%
James Dempsey899,9961,799,990066.7%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Barry BiffleRSU9,897—$46,615
Barry BifflePSU52,641—247,939
Barry BifflePSU56,280—265,079
Barry BifflePSU104,797—493,594
Barry BifflePSU155,626—732,998
Barry BiffleRSU185,414—873,300
Barry BiffleRSU234,375—1,103,906
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bernard L. HanIndependent · Audit Committee (Chair) · Finance Committee$125,000$140,000———$265,000
Brian H. FrankeNot independent · Finance (Chair) · Safety and Security122,000140,000———262,000
Robert J. GeniseIndependent · Audit120,000140,000———260,000
Ofelia KumpfIndependent · Compensation118,000140,000———258,000
Alejandro D. WolffIndependent · Compensation Committee (Chair) · Nominating and Corporate Governance Committee118,000140,000———258,000
William A. FrankeNot independent · Board Chair102,000140,000———242,000
Josh T. ConnorIndependent · Compensation100,000140,000———240,000
Andrew S. BroderickNot independent · Finance Committee · Safety and Security Committee100,000140,000———240,000
Nancy L. LipsonIndependent · Compensation100,000140,000———240,000
Patricia Salas PinedaIndependent · Audit100,000140,000———240,000
Michael R. MacDonaldIndependent · Departed during FY37,3630———37,363
James G. DempseyEmployee director · Newly elected—————0
Anthony D. SalcidoIndependent · Audit Committee · Safety and Security Committee · Newly elected00———0

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$140,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 20,000
Stock ownership guideline$350,000

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,142,363
Equity awards (grant-date value)$1,400,000
All other compensation$0
Total cost of the board$2,542,363

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Frontier as a peer

Companies that benchmark against ULCC

4 companies name ULCC as a compensation peer

Each company listed discloses ULCC 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 ULCC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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 Frontier 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 Frontier 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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Alaska Air Group, Inc.2025Ben Minicucci$847,692$6,769,222$0$1,632,721$9,904,339
2SkyWest, Inc.2025Russell Childs595,0003,055,00002,718,9066,715,152
3Spirit Airlines, Inc.2023Edward M. Christie III745,8332,912,479—1,134,5736,601,404
4Hawaiian Holdings, Inc.2025Robert Harrison1,072,5932,590,79501,586,8846,285,693
5JetBlue Airways Corporation2025Joanna Geraghty700,0003,249,99601,102,5005,191,318
6Frontier Group Holdings, Inc.2025James Dempsey655,0742,699,9870872,8864,237,766
7Allegiant Travel Company2025Gregory Anderson600,000223,496002,191,511

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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Frontier Group Holdings, Inc.not disclosednot disclosednot disclosedWillis Towers Watson
Alaska Air Group, Inc.110.0%RSU 50 · PSU 50NoMeridian Compensation Partners, LLC
Allegiant Travel Companynot disclosedPRSU 50 · RSU 50not disclosednot disclosed
Hawaiian Holdings, Inc.147%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR) vs. KBW Regional Bank IndexPearl Meyer
JetBlue Airways Corporationnot disclosednot disclosedYes — Relative TSRPay Governance LLC
SkyWest, Inc.not disclosedPSU 70 · RSU 30not disclosedFrederic W. Cook & Co., Inc.
Spirit Airlines, Inc.not disclosedRSU 50 · PSU 50not disclosedKorn Ferry

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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-14156,283,9186,488,37228,140,58381.86%Passed
20252025-05-15167,805,198629,80628,129,65085.37%Passed
20242024-05-23188,819,4044,359,22638,61697.72%Passed
20232023-05-25196,300,8013,643,95134,43198.16%Passed
20222022-05-25201,575,9613,433,189130,76098.26%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
20262026-05-1481.86%a
20252025-05-1585.37%b
20242024-05-2397.72%c

a. Approved under the standard stated in the filing — “3: To approve, on an advisory (non-binding) basis, the compensation of our named executive officers Majority of votes present and entitled to vote Abstentions will be counted as a vote against this proposal.”.

b. Approved under the standard stated in the filing — “4: To approve, on an advisory (non-binding) basis, the compensation of our named executive officers Majority of votes present and entitled to vote Abstentions will be counted as a vote against this proposal.”.

c. Approved under the standard stated in the filing — “3: To approve, on an advisory (non-binding) basis, the compensation of our named executive officers Majority of votes present and entitled to vote Abstentions will be counted as a vote against 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)120 : 1
CEO total compensation$6,465,509
Median employee compensation$54,000
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (62 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, Barry Biffle. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 6,465,509. View filing ↗
  • Section 01, James Dempsey. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 4,237,766. View filing ↗
  • Section 01, Howard Diamond. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 2,354,285. View filing ↗
  • Section 01, Mark Mitchell. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 2,000,940. View filing ↗
  • Section 01, Robert Schroeter. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 1,864,062. View filing ↗
  • Section 01, Alexandre Clerc. DEF 14A, filed 2026-04-02. Section “EXECUTIVE COMPENSATION TABLES” · page 36. As printed: 1,831,410. View filing ↗
  • Section 03, Barry Biffle RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexandre Clerc PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexandre Clerc PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Howard Diamond RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Howard Diamond PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Mitchell RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Schroeter PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Schroeter PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Mitchell PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexandre Clerc RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Barry Biffle PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Barry Biffle PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Dempsey PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Dempsey RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Dempsey PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Howard Diamond PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Mitchell PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Schroeter RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, James Dempsey PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Barry Biffle PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Schroeter PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Howard Diamond PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Mitchell PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Alexandre Clerc PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 120 : 1. View filing ↗
  • Section 08, Bernard L. Han. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 265,000. View filing ↗
  • Section 08, Brian H. Franke. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 262,000. View filing ↗
  • Section 08, Robert J. Genise. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 260,000. View filing ↗
  • Section 08, Ofelia Kumpf. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 258,000. View filing ↗
  • Section 08, Alejandro D. Wolff. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 258,000. View filing ↗
  • Section 08, William A. Franke. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 242,000. View filing ↗
  • Section 08, Josh T. Connor. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Andrew S. Broderick. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Nancy L. Lipson. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Patricia Salas Pineda. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 240,000. View filing ↗
  • Section 08, Michael R. MacDonald. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 37,363. View filing ↗
  • Section 08, James G. Dempsey. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Anthony D. Salcido. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-15. Item 5.07 · say-on-pay result. As reported: 81.86% (votes for as printed: 156,283,918). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-16. Item 5.07 · say-on-pay result. As reported: 85.37% (votes for as printed: 167,805,198). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-28. Item 5.07 · say-on-pay result. As reported: 97.72% (votes for as printed: 188,819,404). 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).
  • Section 09b board cost (computed). Computed. Cash 1,142,363 + equity 1,400,000 + all other 0 = 2,542,363, summed across the director compensation table rows.
  • Alaska Air Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in Alaska Air Group, Inc.'s own proxy. As printed: 9,904,339. View filing ↗
  • SkyWest, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in SkyWest, Inc.'s own proxy. As printed: 6,715,152. View filing ↗
  • Spirit Airlines, Inc., Section 10b CEO total. DEF 14A, filed 2024-04-25. CEO total compensation as printed in Spirit Airlines, Inc.'s own proxy. As printed: 6,601,404. View filing ↗
  • Hawaiian Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Hawaiian Holdings, Inc.'s own proxy. As printed: 6,285,693. View filing ↗
  • JetBlue Airways Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in JetBlue Airways Corporation's own proxy. As printed: 5,191,318. View filing ↗
  • Frontier Group Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Frontier Group Holdings, Inc.'s own proxy. As printed: 4,237,766. View filing ↗
  • Allegiant Travel Company, Section 10b CEO total. DEF 14A, filed 2026-05-15. CEO total compensation as printed in Allegiant Travel Company's own proxy. As printed: 2,191,511. View filing ↗
  • Section 10a, Allegiant Travel Company reciprocity. DEF 14A. Allegiant Travel Company's most recent proxy was read; its disclosed peer group does not include Frontier Group Holdings, Inc.. View filing ↗
  • Section 10a, Alaska Air Group, Inc. reciprocity. DEF 14A. Alaska Air Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Frontier Group Holdings, Inc.. View filing ↗
  • Section 10a, SkyWest, Inc. reciprocity. DEF 14A. SkyWest, Inc. names Frontier Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Hawaiian Holdings, Inc. reciprocity. DEF 14A. Hawaiian Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Frontier Group Holdings, Inc.. View filing ↗
  • Section 10a, JetBlue Airways Corporation reciprocity. DEF 14A. JetBlue Airways Corporation names Frontier Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
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