Media & Telecom
Fluent, Inc. Executive Compensation (FY25)
FLNT · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Donald Patrick | Latest say-on-pay support = June 17, 2026 |
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Data as of October 28, 2026Latest filing (8-K): June 18, 2026
10 filings cited on this page
Method: intel.velarion.ai/methodology
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138 figures on this page: 130 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Donald Patrick: $889,788 → $1,509,212 (69.6% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Fluent, Inc.'s chief executive and what were they paid?
Donald Patrick, (Chief Executive Officer), received $1,509,212 in total compensation for fiscal 2025. Patrick's total moved 69.6% higher from the $889,788 reported for fiscal 2024.
What was Fluent, Inc.'s say-on-pay result?
The say-on-pay proposal drew 98.3% support at the meeting held June 17, 2026 for fiscal 2025.
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 |
|---|---|---|---|---|---|---|---|---|
Donald Patrick (Chief Executive Officer) | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Sugandha Khandelwal (Former Chief Financial Officer) Departed during or after this year | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Matthew Conlin (Chief Customer Officer) | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ryan Schulke (Chief Strategy Officer) | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Patrick (Chief Executive Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ryan Perfit (Chief Financial Officer) | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Matthew Conlin (Chief Customer Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ryan Schulke (Chief Strategy Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Donald Patrick (Chief Executive Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ryan Perfit (Chief Financial Officer) | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Matthew Conlin (Chief Customer Officer) | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Ryan Schulke (Chief Strategy 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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Donald Patrick | RSU | ◇ | — | — | ◇ | — | — | — |
| Donald Patrick | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Ryan Perfit | PSU | ◇ | — | ◇ | — | — | — | ◇ |
| Ryan Perfit | RSU | ◇ | — | — | ◇ | — | — | — |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Donald Patrick | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Matthew Conlin | Option | ◇ | — | ◇ | 9/9/2034 |
| RSU | ◇ | ◇ | — | — | |
| Ryan Perfit | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Donald Mathis Board chair · Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Barbara Shattuck Kohn | ◇ | ◇ | — | — | — | — | ◇ |
Richard C. Pfenniger Jr | ◇ | ◇ | — | — | — | — | ◇ |
David A. Graff | ◇ | ◇ | — | — | — | — | ◇ |
James P. Geygan | ◇ | ◇ | — | — | — | — | ◇ |
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 | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 17, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 18, 2025 | = | ◇ | ◇ | ◇ |
| 2022 | May 5, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | June 8, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 2, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 3, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | June 5, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | June 6, 2018 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Donald Patrick ((Chief Executive Officer)), FY2025 total compensation $1,509,212 (base salary $301,378) [exec_comp, SEC accession 0001437749-26-014994, filed 2026-05-06]What this page does not include
Everything above is a fact Fluent, Inc. 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 — $1,500Board 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 IntelligenceAdviser 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.
138 figures on this page: 130 cited to the filing that reported them, 8 calculated from figures it prints.
130 cited to the filing
8 calculated from the filing
Documents cited
- 0001437749-26-021019
- 0001437749-26-014994DIRECTOR COMPENSATION
- 0001437749-25-020948
- 0001437749-23-017019
- 0001437749-23-011920
- 0001437749-22-014784Proposal 3: Fluent Inc. 2022 Omnibus Equity Incentive Plan” in the proxy statement for the Company’s Annual Meeting filed with the Securities and Exchange Commission on May 2, 2022 (the “2022 Proxy”)
- 0001437749-21-014100December 31, 2021: For Against Abstain 54,351,034 575,305 45,125 A non-binding advisory vote to approve the Company’s named executive officers’ compensation: For Against Abstain Broker Non-Vote
- 0001437749-20-012484December 31, 2020: For Against Abstain 65,564,420 320,453 47,473 A non-binding advisory vote to approve the Company’s named executive officers’ compensation: For Against Abstain Broker Non-Vote
- 0001460329-19-000024December 31, 2019: For Against Abstain 62,224,910 146,447 332,739 A non-binding advisory vote to approve the Company’s named executive officers’ compensation: For Against Abstain Broker Non-votes
- 0001654954-18-006441Proposal 3: 2018 Fluent Inc. Stock Incentive Plan” in the proxy statement for the Company’s Annual Meeting filed with the Securities and Exchange Commission on April 30, 2018 (the “2018 Proxy”), which
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Velarion, “Fluent, Inc. executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FLNT (accessed 2026).
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The Fluent, Inc. 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.
10 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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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}
}