Tech — Software

HealthStream Executive Compensation (FY25)

HSTM · Nashville, TN · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Robert Frist
Latest say-on-pay support
=
May 28, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 29, 2026
16 filings cited on this page
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326 figures on this page: 315 cited to the filing that reported them, 11 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 — Robert Frist: $702,131 → $868,037 (23.6% higher)
CEO pay ratio: 7.4:1 → 8.5:1 (15.9% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is HealthStream's chief executive and what were they paid?
Robert Frist was paid $868,037 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $702,131 reported for fiscal 2024, Frist's total was 23.6% higher.
What was HealthStream's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 95.9% support at the meeting held May 28, 2026.
What is HealthStream's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 8.5:1, against median employee compensation of $101,881.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Edward Pearson
President and Chief Operating Officer
◇—◇—◇—◇◇
Michael Sousa
Executive Vice President, Enterprise Applications
◇—◇—◇—◇◇
Robert A. Frist, Jr.
Chief Executive Officer
◇—◇—◇—◇◇
Trisha L. Coady
Senior Vice President, Workforce Development Solutions
◇—◇—◇—◇◇
Scott A. Roberts
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Sousa
Executive Vice President, Enterprise Applications
◇—◇—◇—◇◇
Michael M. Collier
Executive Vice President, Corporate Strategy and Development
◇—◇—◇—◇◇
Robert A. Frist, Jr.
Chief Executive Officer
◇—◇—◇—◇◇
Trisha L. Coady
Senior Vice President, Workforce Development Solutions
◇—◇—◇—◇◇
Scott A. Roberts
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Sousa
Former Executive Vice President, Enterprise Applications
Departed during or after this year
◇—◇—◇—◇◇
Michael M. Collier
Executive Vice President, Corporate Strategy, Development, and Operations
◇—◇—◇—◇◇
Kevin P. O'Hara
Executive Vice President, Enterprise Workforce Platform
◇—◇—◇—◇◇
Trisha Coady
Executive Vice President, Workforce Development Solutions
◇—◇—◇—◇◇
Robert A. Frist, Jr.
Chief Executive Officer
◇—◇—◇—◇◇
Scott A. Roberts
Senior Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Collier
Executive Vice President, Corporate Strategy, Development, and Operations
◇—◇◇◇—◇◇
Kevin O'Hara
Executive Vice President, Workforce Platform and Applications
◇—◇◇◇—◇◇
Trisha Coady
Executive Vice President, Workforce Development Solutions
◇—◇◇◇—◇◇
Scott Roberts
Senior Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Robert Frist
Chief Executive 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
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraRSU◇——◇——◇
Kevin P. O'HaraOPTION◇——◇—◇◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierRSU◇——◇——◇
Michael M. CollierOPTION◇——◇—◇◇
Robert A. Frist JrRSU◇——◇——◇
Robert A. Frist JrRSU◇——◇——◇
Robert A. Frist JrRSU◇——◇——◇
Robert A. Frist JrOPTION◇——◇—◇◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsRSU◇——◇——◇
Scott A. RobertsOPTION◇——◇—◇◇
Trisha L. CoadyRSU◇——◇——◇
Trisha L. CoadyRSU◇——◇——◇
Trisha L. CoadyOPTION◇——◇—◇◇
Trisha L. CoadyRSU◇——◇——◇
Trisha L. CoadyRSU◇——◇——◇
Trisha L. CoadyRSU◇——◇——◇
Trisha L. CoadyRSU◇——◇——◇
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 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael M. CollierRSU◇◇——
PSU◇◇——
RSU◇◇——
Michael SousaRSU◇◇——
PSU◇◇——
RSU◇◇——
Kevin P. O'HaraPSU◇◇——
RSU◇◇——
RSU◇◇——
Robert A. Frist, Jr.RSU◇◇——
RSU◇◇——
Scott A. RobertsPSU◇◇——
RSU◇◇——
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.
Michael Collier
Executive Vice President · Terms as announced by the company · dated January 30, 2025
Equity acceleration on change in control◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William W. Stead, M.D
—◇————◇
Charles E. Beard Jr
◇◇————◇
Terry Allison Rappuhn
◇◇————◇
Thompson S. Dent
Lead independent director
◇◇————◇
Frank Gordon
—◇———◇◇
Linda Rebrovick
◇◇————◇
Jeffrey L. McLaren
◇◇————◇
Deborah Taylor Tate
◇◇————◇
A. Alex Jahangir, M.D
◇◇————◇
Robert A. Frist Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 31, 2022=◇◇◇
2020May 20, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Robert Frist (Chief Executive Officer), FY2025 total compensation $868,037 (base salary $400,500) [exec_comp, SEC accession 0001437749-26-012017, filed 2026-04-10]

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What this page does not include

Everything above is a fact HealthStream 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 — $499
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.
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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.
326 figures on this page: 315 cited to the filing that reported them, 11 calculated from figures it prints.
315 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001437749-26-018888
  2. 0001437749-26-012017
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards – Fiscal Year 2025 · Summary Compensation Table
  3. 0001437749-25-019005
  4. 0001437749-25-011677
    Outstanding Equity Awards at 2024 Fiscal Year End · Summary Compensation Table
  5. 0001437749-25-005705
    EXHIBIT 10.16
  6. 0001437749-24-019035
  7. 0001437749-24-011794
    Summary Compensation Table
  8. 0001437749-23-015989
  9. 0001437749-23-009847
    Summary Compensation Table
  10. 0001437749-22-013907
  11. 0001564590-21-029185
  12. 0001564590-20-026604
  13. 0001564590-19-020602
  14. 0001193125-18-175329
  15. 0001193125-17-185013
  16. 0001193125-16-608509
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “HealthStream executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HSTM (accessed 2026).
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The HealthStream 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.
16 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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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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