Waystar Holding (WAY) executive compensation, 2026 proxy

Matthew J. Hawkins, Chief Executive Officer, was paid $37.1M in 2025, up 24% from $29.9M the year before.

Filed
April 17, 2026
Annual meeting
June 1, 2026
Pay year
2025
Named executives
5
CEO total pay
$37.1M+24% vs prior year
CEO pay in equity
94%$35M in awards
CEO Base Salary Increase
5%Compared to 2024 base salary
Annual Incentive Payout
135%Percentage of target achieved
Revenue Growth
+17%Year-over-year revenue increase
Adjusted EBITDA
$462.1MMargin of 42%
Net Income
$112.1MMargin of 10%
CEO Stock Ownership Requirement
6xMultiple of annual base salary

How Hawkins was paid

$37.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary2%Stock awards94%Non-equity incentive3%All other compensation0%

Named executive officers

ExecutiveTotal
Matthew J. HawkinsChief Executive Officer$37,124,319
Steven M. OreskovichChief Financial Officer$9,022,104
T. Craig BridgeChief Transformation Officer$10,951,332
Christopher L. SchremserChief Technology Officer$10,972,625
Eric L. (Ric) Sinclair IIIChief Business Officer$13,231,794

What changed and why

  • $37.1MCEO total compensation increased to $37,124,319 in 2025 due to substantial long-term equity and PSU awards.
  • 5%Base salary for the CEO increased 5% to $830,000 from 2024.
  • 135%Annual cash incentive payouts for NEOs were achieved at 135% of target based on strong performance.
  • $1.1BRevenue reached $1.1 billion representing a 17% year-over-year increase.
  • $462.1MAdjusted EBITDA reached $462.1 million with a 42% margin.

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.