How Combs was paid
$1.3M in total for 2026, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael G. CombsChairman, Chief Executive Officer and President | $679,327 | — | $101,716 | $498,809 | $5,192 | $1,285,043 |
| Brian S. NicholsChief Financial Officer | $246,010 | $58,838 | $186,164 | — | $1,443 | $492,455 |
| Mark E. BertelsExecutive Vice President, Risk Management Services | $301,478 | — | $253,623 | $181,951 | $4,809 | $741,861 |
| Maxim ShishinChief Information Officer | $334,025 | — | $321,257 | $150,785 | $4,828 | $810,895 |
| Jennifer L. YossVice President, Accounting | $226,578 | — | $148,405 | $62,529 | $4,336 | $441,848 |
What changed and why
- $1.285M$1.285M CEO total compensation increased from $1.192M in fiscal 2025.
- $102K$101,716 in CEO option awards and $498,809 in non-equity incentive compensation comprised most variable pay.
- 92%92% of stockholders approved say-on-pay in 2023.
- The committee made no significant overall program changes during fiscal 2026.
- July 1, 2026 CEO transition appoints Sarah A. Scott while Michael Combs becomes Executive Chair.
- 75%75% of base salary is Scott’s annual cash incentive target after promotion.
Other Corvel proxy statements
- 2025 proxy statement
Michael G. Combs paid $1.2M (+23% on the year), pay ratio 19:1.
Filed Jun 24, 2025
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.