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Spirit Airlines Executive Compensation (FY23)

SAVE · Executive and director compensation, fiscal 2022 to 2023
Chief executive, fiscal 2023
◇
Edward M. Christie III
Latest say-on-pay support
=
June 7, 2024
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): June 11, 2024
8 filings cited on this page
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243 figures on this page: 237 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Spirit Airlines

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Edward M. Christie III: $3,358,855 → $6,601,404 (96.5% higher)
Say-on-pay support: 88.2% → 61.9% (26.3 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Spirit Airlines' chief executive and what were they paid?
Edward M. Christie III was paid $6,601,404 in total compensation as President and Chief Executive Officer for fiscal 2023. Compared with the $3,358,855 reported for fiscal 2022, Christie III's total was 96.5% higher.
What was Spirit Airlines' say-on-pay result?
For fiscal 2023, shareholders backed the say-on-pay proposal with 61.9% of votes cast including abstentions in favor at the meeting held June 7, 2024.
Which companies are in Spirit Airlines' peer group?
The disclosed peer group names ACI WORLDWIDE, INC., ADT INC., AIR TRANSPORT SERVICES GROUP, INC., ALASKA AIR GROUP and ALLEGIANT TRAVEL COMPANY, among others. The STI Peer Group names Alaska, Allegiant, American, Delta and JetBlue, among others.
What is Spirit Airlines' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2023 is 107:1, against median employee compensation of $61,919.

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
Edward Christie III
President and Chief Executive Officer
◇—◇—◇—◇◇
John Bendoraitis
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Matthew Klein
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Scott Haralson
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward M. Christie III
President and Chief Executive Officer
◇◇◇—◇—◇◇
Scott M. Haralson
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
John Bendoraitis
Executive Vice President and Chief Operating Officer
◇◇◇—◇—◇◇
Matthew H. Klein
Executive Vice President and Chief Commercial Officer
◇◇◇—◇—◇◇
Rocky B. Wiggins
Senior Vice President and Chief Information 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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Edward M. Christie IIIPSU◇◇◇—◇—◇
Edward M. Christie IIIRSU◇——◇——◇
Edward M. Christie IIIRSU◇——◇——◇
John BendoraitisRSU◇——◇——◇
John BendoraitisPSU◇◇◇—◇—◇
Matthew H. KleinRSU◇——◇——◇
Matthew H. KleinPSU◇◇◇—◇—◇
Rocky B. WigginsPSU◇◇◇—◇—◇
Rocky B. WigginsRSU◇——◇——◇
Scott M. HaralsonPSU◇◇◇—◇—◇
Scott M. HaralsonRSU◇——◇——◇
Scott M. HaralsonRSU◇——◇——◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Edward M. Christie IIIPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
John BendoraitisPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Scott M. HaralsonPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Matthew H. KleinRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Rocky B. WigginsPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
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.
Edward M. Christie III
Chief Executive Officer · Retention agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
John Bendoraitis
Executive Vice President and Chief Operating Officer · Retention agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Matthew H. Klein
Chief Commercial Officer · Retention agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Rocky B. Wiggins
Senior Vice President and Chief Information Officer · Retention agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇
Scott M. Haralson
Chief Financial Officer · Retention agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. McIntyre Gardner
Board chair
◇◇————◇
Robert D. Johnson
◇◇————◇
Barclay G. Jones III
◇◇————◇
Mark B. Dunkerley
◇◇————◇
Dawn M. Zier
◇◇————◇
Myrna M. Soto
◇◇————◇
Christine P. Richards
◇◇————◇
Edward M. Christie III served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board 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.
Fiscal 2023
  • ACI WORLDWIDE, INC. ACIW
  • ADT INC. ADT
  • AIR TRANSPORT SERVICES GROUP, INC. ATSG
  • ALASKA AIR GROUP ALK
  • ALLEGIANT TRAVEL COMPANY ALGT
  • ATLAS AIR WORLDWIDE HOLDINGS, INC. symbol not shown
  • AVIS BUDGET GROUP, INC. CAR
  • BLACK KNIGHT, INC. BKI
  • BLOOMIN BRANDS, INC. BLMN
  • BROWN & BROWN, INC. BRO
  • CEDAR FAIR, L.P. symbol not shown
  • CITRIX SYSTEMS, INC. CTXS
  • DYCOM INDUSTRIES, INC. DY
  • ELEMENT SOLUTIONS INC ESI
  • FRONTIER GROUP HOLDINGS, INC ULCC
  • HAWAIIAN HOLDINGS, INC. HA
  • HEICO CORPORATION HEI
  • HERC HOLDINGS INC. HRI
  • HILTON GRAND VACATIONS INC. HGV
  • HILTON WORLDWIDE HOLDINGS INC. HLT
  • HYATT HOTELS CORPORATION H
  • JETBLUE AIRWAYS CORPORATION JBLU
  • KFORCE INC. KFRC
  • KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. KNX
  • LANDSTAR SYSTEM, INC. LSTR
  • MARINEMAX, INC. HZO
  • MARRIOTT VACATIONS WORLDWIDE CORPORATION VAC
  • MASONITE INTERNATIONAL CORPORATION DOOR
  • MEDNAX, INC. MD
  • NORWEGIAN CRUISE LINE HOLDINGS LTD. NCLH
  • PRIMO WATER CORPORATION PRMW
  • ROPER TECHNOLOGIES, INC. ROP
  • ROYAL CARIBBEAN CRUISES LTD. RCL
  • RYDER SYSTEM, INC. R
  • SCHNEIDER NATIONAL, INC. SNDR
  • SEAWORLD ENTERTAINMENT, INC. SEAS
  • SIX FLAGS ENTERTAINMENT CORPORATION SIX
  • TOPBUILD CORP. BLD
  • TRAVEL + LEISURE CO. TNL
  • TUPPERWARE BRANDS CORPORATION TUP
  • UNIVERSAL LOGISTICS HOLDINGS, INC. ULH
  • VAIL RESORTS, INC. MTN
  • VECTOR GROUP LTD. VGR
  • WATSCO, INC. WSO
  • WYNDHAM HOTELS & RESORTS, INC. WH
STI Peer Group
  • Alaska ALK
  • Allegiant ALGT
  • American AMT
  • Delta DAL
  • JetBlue JBLU
  • Southwest SWX
  • United URI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023June 7, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2020May 20, 2021=◇◇◇
2019June 16, 2020=◇◇◇
2018May 14, 2019=◇◇◇
2017May 22, 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?”
- Edward M. Christie III (President and Chief Executive Officer), FY2023 total compensation $6,601,404 (base salary $745,833) [exec_comp, SEC accession 0001193125-24-114028, filed 2024-04-25]

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What this page does not include

Everything above is a fact Spirit Airlines disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Spirit Airlines 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 — $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 — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
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
Say-on-pay responsiveness
Spirit Airlines 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 analysis
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.
243 figures on this page: 237 cited to the filing that reported them, 6 calculated from figures it prints.
237 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001498710-24-000170
    Proposal 3 - A non-binding advisory vote on the compensation of the Company's named executive officers, as disclosed in the Compensation Discussion and Analysis section of the 2024 Proxy Statement.
  2. 0001193125-24-114028
    CEO Pay Ratio Disclosure · Compensation Discussion and Analysis · Compensation Tables · Grants of Plan-Based Awards · and 1 more section
  3. 0001498710-23-000143
    Proposal 3 - Approval on a non-binding, advisory basis, of the compensation of the Company's named executive officers.
  4. 0001193125-23-085781
    Compensation Tables
  5. 0001498710-21-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001498710-20-000169
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001498710-19-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001498710-18-000123
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Spirit Airlines executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/SAVE (accessed 2026).
Short form: data: Velarion

The paid brief for Spirit Airlines

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
8 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Peers Spirit Airlines discloses

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

ACI WORLDWIDE, INC.ADT INC.ALASKA AIR GROUPALLEGIANT TRAVEL COMPANYAVIS BUDGET GROUP, INC.BLACK KNIGHT, INC.BLOOMIN BRANDS, INC.BROWN & BROWN, INC.DYCOM INDUSTRIES, INC.ELEMENT SOLUTIONS INCFRONTIER GROUP HOLDINGS, INCHAWAIIAN HOLDINGS, INC.HEICO CORPORATIONHERC HOLDINGS INC.HILTON GRAND VACATIONS INC.HILTON WORLDWIDE HOLDINGS INC.HYATT HOTELS CORPORATIONJETBLUE AIRWAYS CORPORATIONKFORCE INC.KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC.LANDSTAR SYSTEM, INC.MARINEMAX, INC.MARRIOTT VACATIONS WORLDWIDE CORPORATIONMEDNAX, INC.

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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