Usio Inc
For the period ended Jun 10, 2025. Filed Apr 30, 2025.
View on SEC.govAbout this filing
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 10, 2025 · Filed Apr 30, 2025
Contents
Pay Versus Performance
The following tables sets forth information concerning the compensation of our chief executive officer, or “CEO,” and, on an average basis, the compensation of our non-CEO Named Executive Officers, or “non-CEO NEOs,” for each of the fiscal years ending December 31, 2024, 2023 and 2022, as such compensation relates to our financial performance for each such fiscal year.
| (a) | (b) | (c) | (d) | (e) | (f) | (g) |
|---|---|---|---|---|---|---|
| Year | Summary Compensation Table for PEO ($)(1) | Compensation Actually Paid to PEO ($)(1)(2) | Average Summary Compensation Table Total for Non-PEO NEOs ($)(1) | Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return ($)(3) | Net Income ($ in thousands) |
| 2024 | 1,348,447 | 684,307 | 391,268 | 289,590 | 54.68 | 3,305 |
| 2023 | 1,245,037 | 570,214 | 563,906 | 275,806 | 100.00 | (475) |
| 2022 | 621,168 | (2,979,368) | 280,042 | (843,404) | 61.80 | (5,483) |
(1) For each year in the above table, the PEO is Louis A. Hoch, President and Chief Executive Officer. For 2022 and 2023, the non-PEO NEOs were Tom Jewell, former Chief Financial Officer, Houston Frost, Senior Vice President, and Greg Carter, Executive Vice President, and for 2024, the non-PEO NEOs were Messers. Frost and Carter and Michael White, Senior Vice President and Chief Accounting Officer.
(2) Compensation actually paid for the PEO and average compensation actually paid for our non-PEO NEOs in 2022, 2023 and 2024 reflect the respective amounts set forth in columns (b) and (d), adjusted in the table below, as determined in accordance with SEC rules. These dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO and our other NEOs during the applicable year.
| 2024 | PEO 2024 ($) | Average Non-PEO NEOs 2024 ($) |
|---|---|---|
| Summary Compensation Table Total | 1,348,447 | 391,268 |
| Less Stock Award Value Reported in Summary Compensation Table for the Covered Year | 280,550 | 12,610 |
| Plus, Fair Value for Award Granted in the Covered Year | (17,190) | (10,920) |
| Change in Fair Value of Outstanding Unvested Awards from Fair Value of Outstanding Unvested Award from Prior Years | (372,927) | (80,224) |
| Change in Fair Value of Awards from Prior Year that Vested in the Covered Year | 6,527 | 2,076 |
| Compensation Actually Paid | 684,307 | 289,590 |
| 2023 | PEO 2023 ($) | Average Non-PEO NEOs 2023 ($) |
|---|---|---|
| Summary Compensation Table Total | 1,245,037 | 563,906 |
| Less Stock Award Value Reported in Summary Compensation Table for the Covered Year | 577,500 | 259,583 |
| Plus, Fair Value for Award Granted as of the End of the Covered Year | (10,890) | (4,450) |
| Change in Fair Value of Outstanding Unvested Awards from Fair Value of Outstanding Unvested Award from Prior Years | (87,033) | (24,247) |
| Change in Fair Value of Awards from Prior Year that Vested in the Covered Year | 600 | 180 |
| Compensation Actually Paid | 570,214 | 275,806 |
| 2022 | PEO 2022 ($) | Average Non-PEO NEOs 2022 ($) |
|---|---|---|
| Summary Compensation Table Total | 621,168 | 280,042 |
| Less Stock Award Value Reported in Summary Compensation Table for the Covered Year | - | 1,120 |
| Plus, Fair Value for Award Granted as of the End the Covered Year | - | (633) |
| Change in Fair Value of Outstanding Unvested Awards from Fair Value of Outstanding Unvested Award from Prior Years as of the End the Covered Year | (3,396,535) | (1,118,026) |
| Change in Fair Value of Awards from Prior Year that Vested in the Covered Year | (23,333) | (3,667) |
| Compensation Actually Paid | (2,979,368) | (843,404) |
(3) Total Shareholder Return assumes $100 was invested in our common stock on December 31, 2024, and assumes the reinvestment of all cash dividends prior to any tax effect and retention of all stock dividends.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.