Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-23

Usio, Inc. (USIO)

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.

$1,371,589
Louis Hoch total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
78.91%
Say-on-pay support, latest vote
Companies that benchmark against USIO
2 companies name USIO as a compensation peer

Each company listed discloses USIO 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 USIO 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
Louis Hoch$878,846$0$462,240$0$0$0$30,503$1,371,589
Chairman, President, and Chief Executive and Operating Officer
Greg Carter289,423097,92000028,739416,082
EVP, Chief Revenue Officer
Houston Frost240,000097,92000010,677348,597
SVP, Chief Product Officer
Michael White219,423097,92000016,197333,540
Senior Vice President, Chief Accounting 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 FY20242025
Louis Hoch$1,371,589$1,348,447+23,142
Greg Carter416,082444,227−28,145
Houston Frost348,597320,813+27,784
Michael White333,540408,765−75,225

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

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jerry UffnerSVP Card Issuing SLS & Bus Dev2026-06-11A40,000$2$68,400CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Jerry UffnerSVP Card Issuing SLS & Bus Dev2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Jerry UffnerSVP Card Issuing SLS & Bus Dev2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Louis A. HochDirector2026-06-11A7,000211,970Derivative, Class A CommonForm 4 ↗
Louis A. HochDirector2026-06-11A7,000211,970Derivative, Class A CommonForm 4 ↗
Louis A. HochDirector2026-06-11A7,000211,970Derivative, Class A CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Bradley RollinsDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Elizabeth Michelle MillerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Elizabeth Michelle MillerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Ernesto R. BeyerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Ernesto R. BeyerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Jerry UffnerSVP Card Issuing SLS & Bus Dev2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-11A50,000285,500CommonForm 4 ↗
Bradley RollinsDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Ernesto R. BeyerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Elizabeth Michelle MillerDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-11A5,00028,550Derivative, Class A CommonForm 4 ↗
Louis A. HochDirector2026-06-11A300,0002513,000CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-11A50,000285,500CommonForm 4 ↗
Bradley RollinsDirector2026-06-11A8,000213,680Derivative, Class A CommonForm 4 ↗
Ernesto R. BeyerDirector2026-06-21A7,000212,740CommonForm 4 ↗
Ernesto R. BeyerDirector2026-06-21D7,000212,740Derivative, Class A CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-21D4,00027,280Derivative, Class A CommonForm 4 ↗
Jerry UffnerSVP, Head of Card Issuing2026-06-21D4,00027,280Derivative, Class A CommonForm 4 ↗
Louis A. HochDirector2026-06-21D7,000212,740Derivative, Class A CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21D6,000210,920Derivative, Class A CommonForm 4 ↗
Bradley RollinsDirector2026-06-21D7,000212,740Derivative, Class A CommonForm 4 ↗
Elizabeth Michelle MillerDirector2026-06-21D7,000212,740Derivative, Class A CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21D1,77923,238CommonForm 4 ↗
Louis A. HochDirector2026-06-21D2,75525,014CommonForm 4 ↗
Elizabeth Michelle MillerDirector2026-06-21A7,000212,740CommonForm 4 ↗
Bradley RollinsDirector2026-06-21A7,000212,740CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21A6,000210,920CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21D6,000210,920Derivative, Class A CommonForm 4 ↗
Houston FrostSVP, Chief Product Officer2026-06-21A4,00027,280CommonForm 4 ↗
Jerry UffnerSVP, Head of Card Issuing2026-06-21A4,00027,280CommonForm 4 ↗
Jerry UffnerSVP, Head of Card Issuing2026-06-21D1,36822,490CommonForm 4 ↗
Louis A. HochDirector2026-06-21A7,000212,740CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21A6,000210,920CommonForm 4 ↗
Michael WhiteSVP, Chief Accounting Officer2026-06-21D1,77923,238CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Houston FrostRSU2025-02-1512,000$22,800
Michael WhiteRSU2025-02-1518,00034,200
Greg CarterRSU2025-02-1518,00034,200
Louis HochRSU2025-02-1521,00039,900
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Houston Frost$22,800$0$00.0%
Michael White34,200000.0%
Greg Carter34,200000.0%
Louis Hoch39,900000.0%

% 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
Houston FrostRSU100,000$172,000
Greg CarterRSU100,000172,000
Michael WhiteRSU50,00072,000
Houston FrostRSU50,00072,000
Houston FrostRSU18,00025,920
Greg CarterRSU175,000301,000
Houston FrostRSU150,000258,000
Michael WhiteRSU120,000186,000
Louis HochRSU21,00030,240
Louis HochRSU160,000248,000
Louis HochRSU100,000172,000
Louis HochRSU330,000567,600
Greg CarterRSU80,000124,000
Houston FrostRSU40,00062,000
Louis HochRSU33,00056,760
Houston FrostRSU25,00043,000
Louis HochRSU14,00033,550
Greg CarterRSU30,00051,600
Houston FrostRSU8,00018,600
Greg CarterRSU50,00072,000
Louis HochRSU300,000432,000
Michael WhiteRSU12,00027,900
Greg CarterRSU12,00027,900
Michael WhiteRSU18,00025,920
Houston FrostRSU12,00020,640
Greg CarterRSU18,00025,920
05

Incentive-plan design — the Compensation Discussion & Analysis

our compensation philosophy is designed to reward executive officers for both short term and long term corporate and individual performance, as measured by the achievement of specific objectives intended to enhance long term stockholder value

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1010,166,6452,672,49445,03578.91%Passed
20252025-06-1012,029,6191,021,708964,72792.17%Passed
20242024-06-1811,886,224706,132174,29393.1%Passed
20232023-07-1213,899,923204,826386,66198.55%Passed
20222022-06-2110,093,459517,14613,61295%Passed
20212021-06-1010,613,354955,71640,69491.42%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
20262026-06-1078.91%a
20252025-06-1092.17%b
20242024-06-1893.1%c

a. Approved under the standard stated in the filing — “Accordingly, an abstention will have the effect of a negative vote.”.

b. Approved under the standard stated in the filing — “Abstentions from voting and broker non-votes will have no effect on the outcome of this proposal.”.

c. Approved under the standard stated in the filing — “Accordingly, an abstention will have the effect of a negative vote.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Blaise C. BenderIndependent · Audit (Chair) · Compensation · Nominations and Corporate Governance$22,000$30,240$0$0$0$52,240
Bradley RollinsIndependent · Audit · Nominations and Corporate Governance7,00030,24000037,240
Ernesto R. BeyerIndependent · Audit · Compensation · Nominations and Corporate Governance (Chair)7,00030,24000037,240
Elizabeth Michelle MillerIndependent · Audit · Compensation (Chair)7,00030,24000037,240
Louis A. HochEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer$30,240
Per board meeting fee$7,000
Committee chair fees (audit / comp / nom-gov)15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$43,000
Equity awards (grant-date value)$120,960
All other compensation$0
Total cost of the board$163,960

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
1Usio, Inc.2025Louis Hoch$878,846$462,240$0$0$1,371,589

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Usio, Inc. in fiscal 2025?
Louis Hoch, serving as Chairman, President, and Chief Executive and Operating Officer, was the highest-paid executive with total compensation of $1,371,589.
How does Usio, Inc.'s chief executive pay compare to its disclosed peer group?
The CEO pay percentile of disclosed peers was not disclosed in this extract.
What is Usio, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was not disclosed in this extract.
How did shareholders vote on Usio, Inc.'s executive compensation?
Shareholders approved the executive compensation plan with 78.91% support in the latest vote.
How much does Usio, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for fiscal 2025 was $163,960.

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'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, Louis HochDEF 14A2026-04-290001437749-26-013853Section “Summary Compensation Table for the Years Ended December 31, 2025 and 2024”. As printed: 1,371,589. Filing ↗machine: r1 · c6 · span 254821–254830
2Section 01, Greg CarterDEF 14A2026-04-290001437749-26-013853Section “Summary Compensation Table for the Years Ended December 31, 2025 and 2024”. As printed: 416,082. Filing ↗machine: r5 · c6 · span 260681–260688
3Section 01, Houston FrostDEF 14A2026-04-290001437749-26-013853Section “Summary Compensation Table for the Years Ended December 31, 2025 and 2024”. As printed: 348,597. Filing ↗machine: r3 · c6 · span 257761–257768
4Section 01, Michael WhiteDEF 14A2026-04-290001437749-26-013853Section “Summary Compensation Table for the Years Ended December 31, 2025 and 2024”. As printed: 333,540. Filing ↗machine: r7 · c6 · span 263607–263614
5Section 03, Houston Frost RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
6Section 03, Michael White RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
7Section 03, Greg Carter RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
8Section 03, Louis Hoch RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
9Section 07, pay ratio10-K2026-03-180001437749-26-008833Section “CEO Pay Ratio”. As printed: —. Filing ↗
10Section 08, Blaise C. BenderDEF 14A2026-04-290001437749-26-013853Section “Director Compensation”. As printed: 52,240. Filing ↗machine: t23 · r1 · c4 · span 173382–173388
11Section 08, Bradley RollinsDEF 14A2026-04-290001437749-26-013853Section “Director Compensation”. As printed: 37,240. Filing ↗machine: t23 · r2 · c4 · span 174457–174463
12Section 08, Ernesto R. BeyerDEF 14A2026-04-290001437749-26-013853Section “Director Compensation”. As printed: 37,240. Filing ↗machine: t23 · r3 · c4 · span 175546–175552
13Section 08, Elizabeth Michelle MillerDEF 14A2026-04-290001437749-26-013853Section “Director Compensation”. As printed: 37,240. Filing ↗machine: t23 · r4 · c4 · span 176612–176618
14Section 08, Louis A. HochDEF 14A2026-04-290001437749-26-013853Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Jerry Uffner 2026-06-11Form 42026-06-150001096906-26-000958Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Houston Frost 2026-06-11Form 42026-06-150001096906-26-000957Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Jerry Uffner 2026-06-11Form 42026-06-150001096906-26-000958Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Jerry Uffner 2026-06-11Form 42026-06-150001096906-26-000958Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Louis A. Hoch 2026-06-11Form 42026-06-150001096906-26-000955Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Louis A. Hoch 2026-06-11Form 42026-06-150001096906-26-000955Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Louis A. Hoch 2026-06-11Form 42026-06-150001096906-26-000955Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Michael White 2026-06-11Form 42026-06-150001096906-26-000954Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Bradley Rollins 2026-06-11Form 42026-06-150001096906-26-000952Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Elizabeth Michelle Miller 2026-06-11Form 42026-06-150001096906-26-000951Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Elizabeth Michelle Miller 2026-06-11Form 42026-06-150001096906-26-000951Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ernesto R. Beyer 2026-06-11Form 42026-06-150001096906-26-000950Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Ernesto R. Beyer 2026-06-11Form 42026-06-150001096906-26-000950Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Houston Frost 2026-06-11Form 42026-06-150001096906-26-000957Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Jerry Uffner 2026-06-11Form 42026-06-150001096906-26-000958Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Michael White 2026-06-11Form 42026-06-150001096906-26-000954Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Houston Frost 2026-06-11Form 42026-06-150001096906-26-000957Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Bradley Rollins 2026-06-11Form 42026-06-150001096906-26-000952Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Ernesto R. Beyer 2026-06-11Form 42026-06-150001096906-26-000950Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Michael White 2026-06-11Form 42026-06-150001096906-26-000954Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Elizabeth Michelle Miller 2026-06-11Form 42026-06-150001096906-26-000951Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Houston Frost 2026-06-11Form 42026-06-150001096906-26-000957Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Louis A. Hoch 2026-06-11Form 42026-06-150001096906-26-000955Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Michael White 2026-06-11Form 42026-06-150001096906-26-000954Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Bradley Rollins 2026-06-11Form 42026-06-150001096906-26-000952Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Ernesto R. Beyer 2026-06-21Form 42026-06-230001096906-26-000986Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Ernesto R. Beyer 2026-06-21Form 42026-06-230001096906-26-000986Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Houston Frost 2026-06-21Form 42026-06-220001096906-26-000981Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jerry Uffner 2026-06-21Form 42026-06-220001096906-26-000979Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Louis A. Hoch 2026-06-21Form 42026-06-220001096906-26-000978Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Michael White 2026-06-21Form 42026-06-220001096906-26-000976Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Bradley Rollins 2026-06-21Form 42026-06-230001096906-26-000984Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Elizabeth Michelle Miller 2026-06-21Form 42026-06-230001096906-26-000985Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Michael White 2026-06-21Form 42026-06-230001096906-26-000982Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Louis A. Hoch 2026-06-21Form 42026-06-220001096906-26-000978Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Elizabeth Michelle Miller 2026-06-21Form 42026-06-230001096906-26-000985Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Bradley Rollins 2026-06-21Form 42026-06-230001096906-26-000984Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Michael White 2026-06-21Form 42026-06-230001096906-26-000982Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Michael White 2026-06-21Form 42026-06-230001096906-26-000982Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Houston Frost 2026-06-21Form 42026-06-220001096906-26-000981Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Jerry Uffner 2026-06-21Form 42026-06-220001096906-26-000979Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Jerry Uffner 2026-06-21Form 42026-06-220001096906-26-000979Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Louis A. Hoch 2026-06-21Form 42026-06-220001096906-26-000978Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Michael White 2026-06-21Form 42026-06-220001096906-26-000976Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Michael White 2026-06-21Form 42026-06-220001096906-26-000976Insider equity transaction reported since the proxy statement. Filing ↗
60Section 06, 2026 voteForm 8-K2026-06-100001437749-26-020174Item 5.07 · say-on-pay result. As reported: 78.91% (votes for as printed: 10,166,645). Filing ↗
61Section 06, 2025 voteForm 8-K2025-06-110001437749-25-020079Item 5.07 · say-on-pay result. As reported: 92.17% (votes for as printed: 12,029,619). Filing ↗
62Section 06, 2024 voteForm 8-K2024-06-200001437749-24-020777Item 5.07 · say-on-pay result. As reported: 93.1% (votes for as printed: 11,886,224). Filing ↗
63Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
64Section 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
65Section 09b board cost (computed)ComputedcomputedCash 43,000 + equity 120,960 + all other 0 = 163,960, summed across the director compensation table rows.machine: formula: Σ = 163,960
66Usio, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-290001437749-26-013853CEO total compensation as printed in Usio, Inc.'s own proxy. As printed: 1,371,589. Filing ↗machine: r1 · c6 · span 254821–254830