Digital Turbine, Inc.
For the period ended Mar 31, 2025. Filed Jul 17, 2025.
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Mar 31, 2025 · Filed Jul 17, 2025
Contents
SUMMARY COMPENSATION TABLE
The following compensation table sets forth for fiscal years 2025, 2024, and 2023, the base salary and other compensation of our named executive officers.
| Position · Fiscal YearEndedMarch 31, · Salary($) · Bonus($) · Non-EquityIncentive PlanCompensation · StockAwards($)(1) · OptionAwards($)(1) · All OtherCompensation($) (2) · Total ($) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| William G. Stone III | 2025 | 650,000 | — | — | 1,070,000 | 735,000 | 28,750 | 2,483,750 | ||||||
| Chief Executive Officer | 2024 | 650,000 | — | — | 4,575,000 | 1,525,000 | 29,631 | 6,779,631 | ||||||
| 2023 | 625,000 | 62,500 | — | 5,625,000 | 1,875,000 | 28,942 | 8,216,442 | |||||||
| Stephen A. Lasher(3) | 2025 | 450,000 | — | — | 2,495,000 | 1,855,000 | 79,670 | (4) | 4,879,670 | |||||
| Chief Financial Officer | ||||||||||||||
| Michael Akkerman(5) | 2025 | 410,000 | 37,000(6) | — | 750,000 | 750,000 | 25,561 | 1,935,561 | ||||||
| Chief Business Officer | ||||||||||||||
| Senthil Kanagaratnam(7) | 2025 | 450,000 | 90,000 | (8) | — | 535,000 | 367,500 | 32,974 | 1,475,474 | |||||
| Chief Technology Officer | 2024 | 420,000 | — | 1,127,500 | 312,500 | 31,857 | 1,891,857 | |||||||
| 2023 | 400,000 | 250,000 | — | 1,650,000 | 550,000 | 8,597 | 2,858,597 | |||||||
| Joshua Kinsell(9) | 2025 | 300,000 | — | — | 675,000 | — | 28,160 | 1,003,160 | ||||||
| Chief Accounting Officer | ||||||||||||||
| Barrett Garrison(10) | 2025 | 420,000 | — | 535,000 | 367,500 | 489,006 | (10) | 1,811,506 | ||||||
| Former Executive Vice President | 2024 | 420,000 | — | 2,525,000 | 625,000 | 31,924 | 3,601,924 | |||||||
| and Chief Financial Officer | 2023 | 400,000 | 40,000 | 2,100,000 | 700,000 | 31,385 | 3,271,385 | |||||||
(1)The amounts in the “Stock Awards” and “Option Awards” columns relate to awards of stock options, RSUs and PSUs made under our 2020 Equity Incentive Plan. With respect to each award, the amounts disclosed generally reflect the fair value of the award as of the grant date for all awards issued in the respective fiscal year, in accordance with FASB ASC Topic 718 “Compensation-Stock Compensation.” Generally, ASC Topic 718 “Compensation-Stock Compensation” requires the full grant-date fair value of an award to be amortized and recognized as compensation cost over the service period that relates to the award. Note 12, “Stock-Based Compensation,” in the Notes to the Consolidated Financial Statements included in our Annual Report sets forth the relevant assumptions used to determine the valuation of our awards.
(2)Amounts under “All Other Compensation” represent Company paid health benefits and 401K employer matching contributions, along with the amounts noted in the footnotes below for Mr. Lasher and Mr. Garrison.
(3)Mr. Lasher was appointed Chief Financial Officer of the Company effective as of February 5, 2025.
(4)Includes a relocation allowance of $75,000 paid to Mr. Lasher under his employment agreement. If Mr. Lasher voluntarily terminates his employment prior to the first anniversary of his start date, Mr. Lasher must repay the relocation allowance to the Company. Mr. Lasher’s start date was in February 2025..
(5)Mr. Akkerman joined the Company as Chief Business Officer on June 3, 2024.
(6)Represents a signing bonus of $37,000 paid to Mr. Akkerman under his employment agreement. If Mr. Akkerman voluntarily terminates his employment or if the Company terminates his employment for cause (as defined in Mr. Akkerman’s employment agreement) prior to the first anniversary of his start date, Mr. Akkerman must repay the signing bonus back to the Company. Mr. Akkerman’s start date was in June 2024.
(7)Mr. Kanagaratnam joined the Company and was appointed as our Chief Technology Officer in November 2022. The amount in the “Salary” column for 2023 reflects Mr. Kanagaratnam’s total annual base salary for such fiscal year.
(8)Includes $90,000 related to a cash bonus for Mr. Kanagaratnam of $240,000 approved by the Compensation Committee in May 2024, such bonus to be earned in eight quarterly installments of $30,000 each until the second anniversary of the approval date (so long as Mr. Kanagaratnam continues to be employed by the Company at the time of such payment).
(9)Mr. Kinsell joined the Company as Chief Accounting Officer on April 8, 2024.
(10)Mr. Garrison departed the Company effective as of February 5, 2025. The Company and Mr. Garrison entered into a separation agreement pursuant to which Mr. Garrison continued to provide advisory services to the Company until May 31, 2025 (which term could expire earlier under certain circumstances) for a consulting fee of $20,000 per month, totaling $40,000 during the fiscal year ended March 31, 2025. In addition, the Company paid Mr. Garrison a lump sum severance amount equal to his annual salary of $420,000, which severance payment was required pursuant to the terms of his employment agreement, and the vesting of Mr. Garrison’s performance stock units was accelerated pro-rata at the “Target” level of performance, which vesting was required pursuant to the terms of Mr. Garrison’s employment agreement, but determined as of the date of expiration of the consulting term. “All Other Compensation” for Mr. Garrison in 2025 includes both his severance payment and consulting fees, in addition to Company paid health benefits and 401K employer matching contributions.
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