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Corvel Executive Compensation (FY26)

CRVL · Executive and director compensation, fiscal 2023 to 2026
Data as of September 7, 2026Latest filing (8-K): August 11, 2026
212 figures on this page: 208 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Disclosures span fiscal 2023 through fiscal 2026. Separately, for fiscal 2026, the company reported 2 named executive officers, and total compensation for Michael Combs came to $1,285,043 in fiscal 2026, and compared with the $1,191,679 reported for fiscal 2025, Combs' total was 7.8% higher. Shareholders supported the say-on-pay proposal with 96.5% of votes cast for or against in favor at the meeting held August 6, 2026 for fiscal 2026.
Chief executive, fiscal 2026
◇
Michael Combs
Latest say-on-pay support
=
August 6, 2026
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael Combs: $1,191,679 → $1,285,043 (7.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Corvel's chief executive and what were they paid?
Total compensation for Michael Combs came to $1,285,043 in fiscal 2026. Compared with the $1,191,679 reported for fiscal 2025, Combs' total was 7.8% higher.
What was Corvel's say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.5% of votes cast for or against in favor at the meeting held August 6, 2026 for fiscal 2026.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Combs
Chairman of the Board, Chief Executive Officer and President
◇——◇◇—◇◇
Mark Bertels
Executive V.P., Risk Management Services
◇——◇◇—◇◇
Maxim Shishin
Chief Information Officer
◇——◇◇—◇◇
Brandon Brien
Chief Financial Officer
◇——◇◇—◇◇
Jennifer Yoss
Vice President, Accounting
◇——◇◇—◇◇
V. Gordon Clemons
Chairman of the Board
◇——◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Combs
Chairman of the Board, Chief Executive Officer and President
◇———◇—◇◇
Mark Bertels
Executive Vice President, Risk Management Services
◇——◇◇—◇◇
Maxim Shishin
Chief Information Officer
◇——◇◇—◇◇
Brandon O Brien
Chief Financial Officer
◇——◇◇—◇◇
Jennifer Yoss
Vice President, Accounting
◇——◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Combs
Chairman of the Board, Chief Executive Officer and President
◇——◇◇—◇◇
Maxim Shishin
Chief Information Officer
◇——◇◇—◇◇
Mark Bertels
Executive Vice President, Risk Management Services
◇——◇◇—◇◇
Brandon O Brien
Chief Financial Officer
◇——◇◇—◇◇
Jennifer Yoss
Vice President, Accounting
◇——◇◇—◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Combs
◇——◇◇—◇◇
Brian Nichols
Chief Financial 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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Brian S. NicholsOPTION◇——◇—◇◇
Brian S. NicholsOPTION◇——◇—◇◇
Jennifer L. YossOPTION◇——◇—◇◇
Jennifer L. YossOPTION◇——◇—◇◇
Mark E. BertelsOPTION◇——◇—◇◇
Mark E. BertelsOPTION◇——◇—◇◇
Maxim ShishinOPTION◇——◇—◇◇
Maxim ShishinOPTION◇——◇—◇◇
Michael G. CombsOPTION◇————◇◇
Fiscal 2022, 2023, 2024 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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jennifer YossOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Maxim ShishinOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Mark BertelsOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Michael CombsOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Brian NicholsOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
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.
Michael Combs
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Judd Jessup
◇—◇———◇
Alan R. Hoops
◇—◇———◇
Steven J. Hamerslag
◇—◇———◇
Joanna C. Burkey
◇—◇———◇
Jeffrey J. Michael
◇—◇———◇
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.
Audit committee member◇
Compensation committee member◇
Nominating and governance member◇
Board meeting fee◇
Committee meeting fee◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026August 6, 2026=◇◇◇
2023August 10, 2023=◇◇◇
2022August 10, 2023=◇◇◇
2020July 31, 2020=◇◇◇
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What this page does not include

Everything above is a fact Corvel disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser 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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
212 figures on this page: 208 cited to the filing that reported them, 4 calculated from figures it prints.
208 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001193125-26-345046
  2. 0001193125-26-285509
    Director Compensation · Director Compensation Table · Outstanding Equity Awards at Fiscal Year-End Table · Outstanding Equity Awards of Fiscal Year-End · and 1 more section
  3. 0001193125-25-145760
    Compensation Discussion and Analysis · Grants of Plan-Based Awards · Grants of Plan-Based Awards Table · Summary Compensation Table
  4. 0001193125-24-165642
    Summary Compensation Table
  5. 0001193125-23-213461
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-20-209171
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Corvel executive compensation, FY2023–FY2026.” https://intel.velarion.ai/comp/CRVL (accessed 2026).
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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}
}
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