Lifevantage Corp
For the period ended Sep 19, 2025. Filed Sep 19, 2025.
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Sep 19, 2025 · Filed Sep 19, 2025
Contents
PAY-VERSUS-PERFORMANCE
As required by Section 952(a) of the Dodd-Frank Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and our financial performance for each of the last three completed fiscal years. In determining the “compensation actually paid” (“CAP”) to our NEOs, we are required to make various adjustments to amounts that have been previously reported in the Summary Compensation Table in previous years, as the SEC’s valuation methods for this disclosure differ from those required in the Summary Compensation Table. For our NEOs, other than our principal executive officer (the “PEO”), compensation is reported as an average.
| Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(2) | Average Summary Compensation Table Total for Non-PEO NEOs(3) | Average Compensation Actually Paid to Non-PEO NEOs(4) | Value of Initial Fixed $100 Investment Based On Total Stockholder Return(5) | Net Income(6) |
|---|---|---|---|---|---|---|
| 2025 | $2,816,128 | $7,473,244 | $1,010,069 | $1,480,242 | $206.43 | $9,805,000 |
| 2024 | $2,297,892 | $3,048,401 | $703,972 | $853,888 | $159.73 | $2,937,000 |
| 2023 | $2,439,968 | $2,711,170 | $718,220 | $753,632 | $61.49 | $2,540,000 |
(1)Our PEO for each year reported is Steven R. Fife, our CEO. The dollar amounts reported in this column are the amounts of total compensation reported for Mr. Fife in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(2)In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid to our PEO during fiscal years 2025, 2024, and 2023, which consisted solely of adjustments to the PEO’s equity awards:
| Description of Adjustment | 2025 | 2024 | 2023 |
|---|---|---|---|
| Summary Compensation Table – Total Compensation | $2,816,128 | $2,297,892 | $2,439,968 |
| - grant date fair value of option awards and stock awards granted in the covered fiscal year | (1,605,326) | (1,478,697) | (1,557,611) |
|---|---|---|---|
| + fair value at fiscal year-end of outstanding and unvested option awards and stock awards granted in the covered fiscal year | 3,087,900 | 1,456,017 | 1,849,637 |
| + change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years | 1,461,124 | 377,899 | — |
| + fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year | — | — | — |
| + change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year | 1,692,889 | 364,828 | (20,824) |
| - fair value of as of prior fiscal year-end of option awards and stock awards granted in prior fiscal years that failed to meet applicable vesting conditions during the covered fiscal year | — | — | — |
| + dollar value of dividends or earnings paid on option awards or stock awards in the covered fiscal year prior to vesting that are not otherwise included in total compensation | 20,529 | 30,462 | — |
| Total Equity Adjustments (subtotal) | 4,657,116 | 750,509 | 271,202 |
| Compensation Actually Paid | $7,473,244 | $3,048,401 | 2,711,170 |
(3)The non-PEO NEOs for each year reported are as follows:
For fiscal year 2025: Ms. Boyster and Mr. Thompson;
For fiscal year 2024: Mr. Aure and Ms. Boyster; and
For fiscal year 2023: Mr. Aure and Ms. Boyster.
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs in the “Total” column of the Summary Compensation Table in the applicable fiscal year.
(4)In accordance with SEC rules, the following adjustments were made to determine the compensation actually paid on average to our non-PEO NEOs during fiscal years 2025, 2024, and 2023, which consisted solely of adjustments to the non-PEO NEOs’ equity awards:
| Description of Adjustment | 2025 | 2024 | 2023 |
|---|---|---|---|
| Summary Compensation Table – Total Compensation | $1,010,069 | $703,972 | $718,220 |
| - grant date fair value of option awards and stock awards granted in the covered fiscal year | (553,454) | (274,882) | (233,518) |
| + fair value at fiscal year-end of outstanding and unvested option awards and stock awards granted in the covered fiscal year | 698,753 | 270,666 | 277,294 |
| + change in fair value of outstanding and unvested option awards and stock awards granted in prior fiscal years | 149,237 | 79,354 | — |
| + fair value on vesting date of option awards and stock awards granted in the covered fiscal year that vested during the covered fiscal year | (12,188) | — | — |
| + change in fair value as of the vesting date of option awards and stock awards granted in prior fiscal years that vested in the covered fiscal year | 187,825 | 74,778 | (8,364) |
| - fair value of as of prior fiscal year-end of option awards and stock awards granted in prior fiscal years that failed to meet applicable vesting conditions during the covered fiscal year | — | — | — |
| + dollar value of dividends or earnings paid on option awards or stock awards in the covered fiscal year prior to vesting that are not otherwise included in total compensation | — | — | — |
| Total Equity Adjustments (subtotal) | 470,173 | 149,916 | 35,412 |
| Compensation Actually Paid | $1,480,242 | $853,888 | $753,632 |
(5)The Total Stockholder Return (“TSR”) calculation is based on the change in value of a $100 investment in the Company from the beginning of the period compared to the end of applicable period and assumes the reinvestment of dividends.
(6)The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable fiscal year.
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