i3 Verticals President Rick Stanford's 2023 pay jumps 35% to $1.9M
i3 Verticals reports 2023 executive compensation
By ExecPay News
Published: January 9, 2024
i3 Verticals reported fiscal year 2023 executive compensation information on January 9, 2024.
In 2023, five executives at i3 Verticals received on average a compensation package of $1.4M, a 37% increase compared to previous year.
Average pay of disclosed executives at i3 Verticals
Rick Stanford, President, received $1.9M in total, which increased by 35% compared to 2022. 82% of Stanford's compensation, or $1.5M, was in option awards. Stanford also received $16K in bonus, $311K in salary, as well as $17K in other compensation.
For fiscal year 2023, the median employee pay was $58,837 at i3 Verticals. Therefore, the ratio of Rick Stanford's pay to the median employee pay was 32 to one.
Clay Whitson, Chief Financial Officer, received a compensation package of $1.8M, which increased by 33% compared to previous year. 84% of the compensation package, or $1.5M, was in option awards.
Paul Christians, Chief Operating Officer, earned $1.6M in 2023.
Paul Maple, General Counsel, received $1.4M in 2023.
Gregory Daily, Chief Executive Officer, earned $346K in 2023, a 3% increase compared to previous year.
i3 Verticals' fiscal year ends on September 30.
Related executives
You may also like
Source: SEC filing on January 9, 2024.