Select Medical Holdings Executive Compensation (FY25)
SEM · Mechanicsburg, PA · Executive and director compensation, fiscal 2025 only
The paid brief on Select Medical Holdings
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.
Data as of September 7, 2026Latest filing (8-K): April 24, 2026
12 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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166 figures on this page: 155 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
More on Select Medical Holdings
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
Frequently asked questions
Answers drawn from the data on this page.
Who is Select Medical Holdings' chief executive and what were they paid?
Thomas Mullin was paid $3,042,527 in total compensation as Chief Executive Officer for fiscal 2025.
What was Select Medical Holdings' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.1% of votes cast for or against in favor at the meeting held April 23, 2026.
What is Select Medical Holdings' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 41:1, against median employee compensation of $73,571.16.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Robert Ortenzio Executive Chairman and Co-Founder | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Chernow Vice Chairman | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Martin Jackson Senior Executive Vice President of Strategic Finance and Operations | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Thomas Mullin Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
John Saich President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Malatesta Executive Vice President and 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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David S. Chernow | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| John A. Saich | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Martin F. Jackson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael F. Malatesta | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Robert A. Ortenzio | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Thomas P. Mullin | 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 |
|---|---|---|---|---|---|
| John Saich | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Martin Jackson | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Malatesta | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Robert Ortenzio | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| David Chernow | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Thomas Mullin | RSU | ◇ | ◇ | — | — |
| 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.
David Chernow
Vice Chairman · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance multiple | ◇ |
| Severance base | ◇ |
John Saich
President · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Martin Jackson
Senior Executive Vice President of Strategic Finance and Operations · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Michael Malatesta
Executive Vice President and Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Excise tax treatment | ◇ |
Robert Ortenzio
Executive Chairman and Co-Founder · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Severance cash amount | ◇ |
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 |
|---|---|---|---|---|---|---|---|
Daniel J. Thomas | ◇ | ◇ | — | — | — | — | ◇ |
Katherine R. Davisson | ◇ | ◇ | — | — | — | — | ◇ |
James S. Ely III | ◇ | ◇ | — | — | — | — | ◇ |
William H. Frist | ◇ | ◇ | — | — | — | — | ◇ |
Parvinderjit S. Khanuja | ◇ | ◇ | — | — | — | — | ◇ |
Marilyn B. Tavenner | ◇ | ◇ | — | — | — | — | ◇ |
Russell L. Carson Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Thomas A. Scully | ◇ | ◇ | — | — | — | — | ◇ |
David Chernow and Robert A. Ortenzio 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.
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 | ◇ |
| Compensation committee chair | ◇ |
| Board meeting fee | ◇ |
Equity is delivered as Restricted Stock.
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 | April 23, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 24, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 26, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 27, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 28, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 29, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 28, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 30, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 1, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 2, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 25, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Select Medical Holdings 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 — $1,200Realizable 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.
Inquire about accessMultiple companies at once
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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.
166 figures on this page: 155 cited to the filing that reported them, 11 calculated from figures it prints.
155 cited to the filing
11 calculated from the filing
Documents cited
- 0001104659-26-048634
- 0001104659-26-023205Compensation Discussion and Analysis · EXECUTIVE COMPENSATION DISCUSSION AND ANALYSIS · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year End · and 2 more sections
- 0001104659-25-041376Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-24-052995Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-23-051310
- 0001104659-22-053509Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-21-057665Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-20-052483Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-19-026515Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-18-029848Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001104659-17-029488
- 0001104659-16-114536
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Select Medical Holdings executive compensation, FY2025.” https://intel.velarion.ai/comp/SEM (accessed 2026).
Short form: data: Velarion
The paid brief for Select Medical Holdings
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.
12 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}
}