Gaming & Lodging
Cannae Holdings Executive Compensation (FY24)
CNNE · Executive and director compensation, fiscal 2022 to 2024
Chief executive, fiscal 2024 ◇ William Foley | Median of the other named officers $1,838,819 5 officers, excluding the chief executive | Latest say-on-pay support = October 30, 2025 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 27, 2026Latest filing (8-K): December 16, 2025
11 filings cited on this page
Method: intel.velarion.ai/methodology
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173 figures on this page: 165 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Richard Massey → William Foley
CEO pay ratio: 0.1:1 → 808:1
Frequently asked questions
Answers drawn from the data on this page.
Who is Cannae Holdings' chief executive and what were they paid?
William Foley, Chairman of the Board, Chief Executive Officer and Chief Investment Officer, received $38,054,762 in total compensation for fiscal 2024.
What was Cannae Holdings' say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 48.2% of votes cast for or against in favor at the meeting held October 30, 2025.
Which companies are in Cannae Holdings' peer group?
The disclosed peer group includes Artisan Partners Asset Management, Bridge Investment Group, Capital Southwest, GCM Grosvenor and Hercules Capital, among others.
What is Cannae Holdings' chief executive pay ratio?
For fiscal 2024, the company reported a chief executive pay ratio of 808:1, against median employee compensation of $47,094.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Gravelle Executive Vice President, General Counsel and Corporate Secretary | ◇ | — | — | — | ◇ | — | — | ◇ |
David Ducommun President and Executive Vice President of Corporate Finance | ◇ | — | — | — | ◇ | — | — | ◇ |
Bryan Coy Chief Financial Officer | ◇ | — | — | — | — | — | ◇ | ◇ |
Richard Massey Former Chief Executive Officer (until February 2024) | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ryan Caswell President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Bryan Coy Chief Financial Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Charles Curley Executive Vice President and General Counsel | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Peter Sadowski Executive Vice President and Chief Legal Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Gravelle Executive Vice President, General Counsel and Corporate Secretary | ◇ | — | — | — | ◇ | — | — | ◇ |
David Ducommun President and Executive Vice President of Corporate Finance (until February 1, 2023) | — | — | — | — | ◇ | — | — | ◇ |
Richard Massey Former Chief Executive Officer (until February 2024) | ◇ | — | — | — | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Foley Chairman of the Board, Chief Executive Officer and Chief Investment Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Ryan Caswell President | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Richard Massey Former Chief Executive Officer (until February 2024) Departed during or after this year | — | — | — | — | — | — | ◇ | ◇ |
Bryan Coy Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michael Gravelle Executive Vice President, General Counsel and Corporate Secretary | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Peter Sadowski Executive Vice President and Chief Legal Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Bryan D. Coy | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael L. Gravelle | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Peter T. Sadowski | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Ryan R. Caswell | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| William P. Foley II | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| William Foley | RSU | ◇ | ◇ | — | — |
| Ryan Caswell | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Bryan Coy | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Peter Sadowski | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Gravelle | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Bryan Coy
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
| Equity acceleration on change in control | ◇ |
Richard Massey
Former Chief Executive Officer (until February 2024) · Terms as described in the company’s compensation discussion · citing a 2024 filing
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Barry B. Moullet | ◇ | ◇ | — | — | — | ◇ | ◇ |
James B. Stallings Jr | ◇ | ◇ | — | — | — | ◇ | ◇ |
Erika Meinhardt | ◇ | ◇ | — | — | — | ◇ | ◇ |
Hugh R. Harris | ◇ | ◇ | — | — | — | ◇ | ◇ |
Frank P. Willey | ◇ | ◇ | — | — | — | ◇ | ◇ |
Mark D. Linehan | ◇ | ◇ | — | — | — | ◇ | ◇ |
C. Malcolm Holland | ◇ | ◇ | — | — | — | ◇ | ◇ |
Frank R. Martire | — | ◇ | — | — | — | ◇ | ◇ |
Doug K. Ammerman | — | ◇ | — | — | — | — | ◇ |
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- Artisan Partners Asset Management APAM
- Bridge Investment Group BRDG
- Capital Southwest symbol not shown
- GCM Grosvenor GCMG
- Hercules Capital HTGC
- Main Street Capital MAIN
- StepStone Group STEP
- Trinity Capital TRIN
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2024 | October 30, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 22, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 21, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 22, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 23, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 17, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 19, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 25, 2018 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- William Foley (Chairman of the Board, Chief Executive Officer and Chief Investment Officer), FY2024 total compensation $38,054,762 (base salary $826,923) [exec_comp, SEC accession 0001193125-25-266892, filed 2025-11-05]What this page does not include
Everything above is a fact Cannae Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cannae Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceSay-on-pay responsiveness
Cannae Holdings recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysisAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
173 figures on this page: 165 cited to the filing that reported them, 8 calculated from figures it prints.
165 cited to the filing
8 calculated from the filing
Documents cited
- 0001704720-25-000226
- 0001193125-25-266892Compensation Discussion and Analysis and Executive and Director Compensation
- 0001704720-24-000059Proposal 2 regarding the redomestication of the Company to the State of Nevada by conversion received the affirmative vote of a majority of the shares of the Company's outstanding common stock entitle
- 0001193125-24-116052Compensation Discussion and Analysis · SUMMARY COMPENSATION TABLE
- 0001704720-23-000055
- 0001193125-23-124105SUMMARY COMPENSATION TABLE
- 0001704720-22-000046
- 0001704720-21-000039Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001704720-20-000045Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001704720-19-000030Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001704720-18-000038Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Cannae Holdings executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/CNNE (accessed 2026).
Short form: data: Velarion
The Cannae Holdings brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Gaming & Lodging rankings
Peers Cannae Holdings discloses
The companies named in CNNE's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}