Tech — Software
Waystar Holding Executive Compensation (FY25)
WAY · Lehi, UT · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (DEF 14A): April 17, 2026
164 figures on this page, cited to the filing that reported them. 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 — Matthew Hawkins: $29,944,863 → $37,124,319 (24.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Waystar Holding's chief executive and what were they paid?
Total compensation for Matthew Hawkins, Chief Executive Officer and Director, came to $37,124,319 in fiscal 2025. Hawkins' total was 24.0% higher than the $29,944,863 reported for fiscal 2024.
Which companies are in Waystar Holding's peer group?
The disclosed peer group includes ACI Worldwide, Inc., AspenTech Corporation, Bentley Systems, Inc., Bill Holdings, Inc. and Blackbaud, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Christopher Schremser Chief Technology Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Matthew Hawkins Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Eric Sinclair III Chief Business Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
T. Craig Bridge Chief Transformation Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Matthew Hawkins Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Eric L. Sinclair III Chief Business Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Christopher Schremser Chief Technology Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
T. Craig Bridge Chief Transformation Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Matthew Hawkins Chief Executive Officer and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Eric Sinclair III Chief Business Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Christopher Schremser Chief Technology Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
T. Craig Bridge Chief Transformation Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Steven Oreskovich 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 |
|---|---|---|---|---|---|---|---|---|
| Christopher L. Schremser | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Eric L. Sinclair III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Matthew J. Hawkins | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Matthew J. Hawkins | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Steven M. Oreskovich | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| T. Craig Bridge | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 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 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Steven Oreskovich | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| T. Bridge | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Matthew Hawkins | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Eric Sinclair | Option | ◇ | — | ◇ | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Christopher Schremser | RSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| 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 |
|---|---|---|---|---|---|---|---|
John Driscoll Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Priscilla Hung | ◇ | ◇ | — | — | — | — | ◇ |
Robert A. DeMichiei | ◇ | ◇ | — | — | — | — | ◇ |
Heidi G. Miller | ◇ | ◇ | — | — | — | — | ◇ |
Vivian E. Riefberg | ◇ | ◇ | — | — | — | — | ◇ |
Michael Roman | ◇ | ◇ | — | — | — | — | ◇ |
Aashima Gupta | ◇ | ◇ | — | — | — | — | ◇ |
Matthew J. Hawkins, Lauren Young, Paul G. Moskowitz, Eric C. Liu, Samuel Blaichman and Ethan Waxman 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 chair premium | ◇ |
| Audit 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
- ACI Worldwide, Inc. ACIW
- AspenTech Corporation symbol not shown
- Bentley Systems, Inc. BSY
- Bill Holdings, Inc. BILL
- Blackbaud, Inc. BLKB
- BlackLine, Inc. BL
- CCC Intelligent Solutions Holdings Inc. CCC
- Certara, Inc. CERT
- Clearwater Analytics Holdings, Inc. CWAN
- Doximity, Inc. DOCS
- EverCommerce Inc. EVCM
- Evolent Health, Inc. EVH
- Guidewire Software, Inc. GWRE
- HealthEquity, Inc. HQY
- PTC Inc. PTC
- Tyler Technologies, Inc. TYL
- Veeva Systems Inc. VEEV
What this page does not include
Everything above is a fact Waystar Holding disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Waystar Holding 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 — $1,500Written 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.
Enquire 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.
164 figures on this page, cited to the filing that reported them.
164 cited to the filing
Documents cited
- 0001990354-26-0000132025 DIRECTOR COMPENSATION · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS · SUMMARY COMPENSATION TABLE & · and 2 more sections
- 0001104659-25-041369Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Waystar Holding executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/WAY (accessed 2026).
Short form: data: Velarion
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Tech — Software rankings
Peers Waystar Holding discloses
The companies named in WAY's own disclosed peer group.
Terms on this page
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}
}