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Graham Holdings Executive Compensation (FY25)

GHC · Executive and director compensation, fiscal 2023 to 2025

The Graham 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.
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Data as of September 9, 2026Latest filing (8-K): May 5, 2026
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Graham Holdings brief$1,500Get the executive brief
155 figures on this page: 145 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Timothy O'Shaughnessy
Latest say-on-pay support
=
May 5, 2026
Chief executive pay ratio
◇
To the median employee

Frequently asked questions

Answers drawn from the data on this page.
Who is Graham Holdings' chief executive and what were they paid?
Total compensation for Timothy O'Shaughnessy, President and Chief Executive Officer, came to $3,989,759 in fiscal 2025.
What was Graham Holdings' say-on-pay result?
The say-on-pay proposal drew 100.0% support at the meeting held May 5, 2026 for fiscal 2025.
Which companies are in Graham Holdings' peer group?
The disclosed peer group names AdaptHealth Corp., Adtalem Global Education Inc., Altice USA, Inc., AMC Networks Inc. and American Public Education, Inc., among others.
What is Graham Holdings' chief executive pay ratio?
The company reported a chief executive pay ratio of 83:1 for fiscal 2025, against median employee compensation of $48,092.

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
Andrew Rosen
Chairman–Kaplan Inc. and Executive Vice President–Graham Holdings Co.
◇—◇—◇◇◇◇
Timothy O'Shaughnessy
President and Chief Executive Officer
◇———◇◇—◇
Wallace Cooney
Senior Vice President–Finance and Chief Financial Officer
◇———◇◇◇— not reconciled
Jacob Maas
Executive Vice President
◇———◇◇◇— not reconciled
Nicole Maddrey
Senior Vice President, General Counsel and Secretary
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Rosen
Chairman–Kaplan Inc. and Executive Vice President–Graham Holdings Co.
◇—◇—◇◇◇◇
Timothy O'Shaughnessy
President and Chief Executive Officer
◇———◇◇—◇
Wallace Cooney
Senior Vice President–Finance and Chief Financial Officer
◇———◇◇◇— not reconciled
Jacob Maas
Executive Vice President
◇———◇◇◇— not reconciled
Nicole Maddrey
Senior Vice President, General Counsel and Secretary
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Rosen
Chairman–Kaplan Inc. and Executive Vice President–Graham Holdings Co.
◇—◇—◇◇◇◇
Timothy O'Shaughnessy
President and Chief Executive Officer
◇———◇◇—◇
Wallace Cooney
Senior Vice President–Finance and Chief Financial Officer
◇———◇◇◇— not reconciled
Jacob Maas
Executive Vice President
◇———◇◇◇— not reconciled
Nicole Maddrey
Senior Vice President, General Counsel and Secretary
◇—◇—◇◇◇◇
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
Andrew S. RosenRSU◇——◇——◇
Jacob M. MaasRSU◇——◇——◇
Nicole M. MaddreyRSU◇——◇——◇
Wallace R. CooneyRSU◇——◇——◇
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
Timothy O’ShaughnessyOption◇—◇—
Nicole MaddreyRSU◇◇——
Wallace CooneyRSU◇◇——
Andrew RosenRSU◇◇——
Jacob MaasPSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas S. Gayner
◇—————◇
Christopher C. Davis
◇—————◇
G. Richard Wagoner
◇—————◇
Anne M. Mulcahy
◇—————◇
Tony Allen
◇—————◇
Jack Markell
◇—————◇
Katharine Weymouth
◇—————◇
Danielle Conley
◇—————◇
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◇
Board chair premium◇
Audit committee member◇
Compensation committee chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AdaptHealth Corp. AHCO
  • Adtalem Global Education Inc. symbol not shown
  • Altice USA, Inc. ATUS
  • AMC Networks Inc. AMCX
  • American Public Education, Inc. APEI
  • Bright Horizons Family Solutions Inc. BFAM
  • Chegg, Inc. CHGG
  • Coursera, Inc. COUR
  • E.W. Scripps Company SSP
  • Grand Canyon Education, Inc. LOPE
  • Gray Media, Inc. GTN
  • iHeartMedia, Inc. IHRT
  • Laureate Education, Inc. LAUR
  • New Oriental Education and Technology Group symbol not shown
  • News Corp. NWSA
  • Nexstar Media Group, Inc. NXST
  • Option Care Health, Inc. OPCH
  • Perdoceo Education Corp. PRDO
  • Select Medical Holdings Corporation SEM
  • Sinclair, Inc. SBGI
  • Stagwell Inc. STGW
  • Strategic Education Inc. STRA
  • Tegna Inc. TGNA
  • The New York Times Company NYT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 5, 2026=◇◇◇
2024May 6, 2025=◇◇◇
2023May 7, 2024=◇◇◇
2021May 5, 2022=◇◇◇
2019May 7, 2020=◇◇◇
2018May 2, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 4, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
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What this page does not include

Everything above is a fact Graham Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Graham 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 — $1,500
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.
155 figures on this page: 145 cited to the filing that reported them, 10 calculated from figures it prints.
145 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001628280-26-030685
  2. 0001193125-26-120813
  3. 0000104889-25-000035
  4. 0000104889-24-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0000104889-22-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000104889-20-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000104889-19-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000104889-18-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000104889-17-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000104889-16-000098
    Item 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, “Graham Holdings executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/GHC (accessed 2026).
Short form: data: Velarion

The Graham 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.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
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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Peers Graham Holdings discloses

The companies named in GHC's own disclosed peer group.

AdaptHealth Corp.AMC Networks Inc.American Public Education, Inc.Bright Horizons Family Solutions Inc.Chegg, Inc.Coursera, Inc.E.W. Scripps CompanyGrand Canyon Education, Inc.Gray Media, Inc.iHeartMedia, Inc.Laureate Education, Inc.News Corp.Nexstar Media Group, Inc.Option Care Health, Inc.Perdoceo Education Corp.Select Medical Holdings CorporationSinclair, Inc.Stagwell Inc.Strategic Education Inc.Tegna Inc.The New York Times Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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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