Gogo Inc.
For the period ended Jun 12, 2025. Filed Apr 29, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 12, 2025 · Filed Apr 29, 2025
GOGO$3.89+71.5%Stored close · as of Nov 6, 2026
Contents
Pay versus Performance Table
| Year · Summary Compensation Table Total for PEO 1 ($)(1) · Compensation Actually Paid to PEO 1 ($)(3) · Summary Compensation Table Total for PEO 2 ($)(1) · Compensation Actually Paid to PEO 2 ($)(3) · Average Summary Compensation Table Total for non-PEO NEOs ($)(2) · Average Compensation Actually Paid to non-PEO NEOs ($)(2)(3) · Value of Initial Fixed $100 Investment Based On ($)(4) · Net Income (in thousands, $) · Free Cash Flow (in thousands, $)(5) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return ($) · Peer Group Total Shareholder Return ($) | ||||||||||
| 2024 | 3,283,686 | 1,392,978 | 18,075,027 | 18,063,027 | 1,816,043 | 1,182,569 | 126.41 | 149.37 | 13,746 | $41,942 |
| 2023 | 3,554,176 | 2,886,305 | — | — | 1,656,236 | 1,415,337 | 158.28 | 137.42 | 145,678 | $82,687 |
| 2022 | 3,240,010 | 4,727,482 | — | — | 1,307,227 | 1,689,362 | 230.63 | 118.41 | 92,059 | $57,783 |
| 2021 | 3,345,530 | 7,894,819 | — | — | 1,387,517 | 2,985,854 | 211.41 | 141.13 | 152,735 | $49,408 |
| 2020 | 3,139,347 | 8,427,896 | — | — | 1,570,336 | 3,592,844 | 150.47 | 111.29 | (250,036) | ($4,477) |
| (1) | Our Principal Executive Officer (“PEO”) for each of the years reported was as follows: for 2024, Oakleigh Thorne (“PEO 1”), as succeeded during 2024 by Chris Moore (“PEO 2”); and for 2023, 2022, 2021 and 2020, Oakleigh Thorne. |
| (2) | Our non-PEO named executive officers (“NEOs”) for each of the years reported were as follows: for 2024, Sergio Aguirre, Jessica Betjemann, Crystal Gordon, Zachary Cotner, and Hayden Olson; for 2023, Sergio Aguirre, Jessica Betjemann, Crystal Gordon, Karen Jackson and Barry Rowan; for 2022, Barry Rowan, Sergio Aguirre, Marguerite M. Elias, Karen Jackson and Jessica Betjemann; for 2021, Barry Rowan, Sergio Aguirre, Marguerite M. Elias and Karen Jackson; and for 2020, Barry Rowan, Marguerite M. Elias, Sergio Aguirre, Karen Jackson, John Wade and Jonathan B. Cobin. |
| (3) | Compensation “actually paid” is calculated in accordance with Item 402(v) of Regulation S-K. The table below sets forth each adjustment made during each year presented in the table to calculate the compensation “actually paid” to our NEOs during each year in the table. In this table, the unvested equity values are computed in accordance with the methodology also used for financial reporting purposes. |
| (4) | Peer Group total shareholder return (“TSR”) reflects the peer group of the S&P 600 SmallCap, as used for purposes of Item 201(e)(ii) of Regulation S-K in our latest 2024 Form 10-K. With respect to both the Company’s cumulative TSR and peer group cumulative TSR, each year reflects what the cumulative value of $100 would be as of the end of the applicable fiscal year, including the reinvestment of dividends, if such amount were first invested on December 31, 2019. |
| (5) | We chose free cash flow as our Company-selected measure because it is a key measurement of Company performance. Free cash flow represents net cash provided by operating activities, plus the proceeds from the FCC Reimbursement Program and the interest rate caps, less purchases of property and equipment and the acquisition of intangible assets and cash paid to purchase our interest rate caps. We believe that free cash flow provides meaningful information regarding our liquidity. |
| 52 | GOGO INC. | 2025 PROXY STATEMENT |
| 2024 · 2023 · 2022 · 2021 · 2020 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| PEO 1 ($) · PEO 2 ($) · Average of Other NEOs ($) · PEO ($) · Average of Other NEOs ($) · PEO ($) · Average of Other NEOs ($) · PEO ($) · Average of Other NEOs ($) · PEO ($) · Average of Other NEOs ($) | |||||||||||
| Total Compensation as reported on Summary Compensation Table | 3,283,686 | 18,075,027 | 1,816,043 | 3,554,176 | 1,656,236 | 3,240,010 | 1,307,227 | 3,345,530 | 1,387,517 | 3,139,347 | 1,570,336 |
| Deduction for fair value of equity reported in Summary Compensation Table | (1,899,996) | (16,010,000) | (947,954) | (2,499,998) | (573,998) | (1,700,009) | (608,997) | (1,595,080) | (579,500) | (826,662) | (374,223) |
| Fair value of equity compensation granted in current year and unvested at year-end – value at year-end | 1,829,877 | 15,998,000 | 363,487 | — | 171,590 | 1,326,924 | 475,124 | 2,328,094 | 845,808 | 8,011,563 | 2,414,669 |
| Change in fair value from end of prior fiscal year to end of current fiscal year for awards made in a prior fiscal year that were unvested at end of current fiscal year | (1,000,759) | — | (25,010) | — | (45,830) | 263,488 | 112,261 | 3,644,943 | 1,181,495 | 80,667 | 247,226 |
| Fair value of equity compensation granted in current year that vested during current year | — | — | 182,865 | 1,832,148 | 213,333 | — | — | — | — | — | 194,112 |
| Change in fair value from end of prior fiscal year to vesting date for awards made in a prior fiscal year that vested during current fiscal year | (819,829) | — | (206,862) | (21) | (5,994) | 1,597,069 | 403,747 | 171,332 | 150,535 | (284,077) | (241,707) |
| Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | — | — | — | — | — | — | — | — | — | (1,692,942) | (217,569) |
| Compensation actually paid | 1,392,978 | 18,063,027 | 1,182,569 | 2,886,305 | 1,415,337 | 4,727,482 | 1,689,362 | 7,894,819 | 2,985,854 | 8,427,896 | 3,592,844 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.