Leadership & Pay ·
Verra Mobility appoints Jon Newhard as CEO with estimated $9M in annual compensation
VRRMVERRA MOBILITY Corp
Verra Mobility Corporation appointed Jon Newhard as President and Chief Executive Officer, effective November 1, 2026. The Board increased its size from six to seven directors to accommodate his appointment. Mr. Newhard succeeds Interim CEO Jon Keyser, who will serve in an advisory role until December 31, 2026. Under the employment agreement, Mr. Newhard receives a $725,000 annual base salary, a target bonus of 100% of base salary, and an estimated $4 million in annual equity awards starting fiscal year 2027. He also received a $25,000 sign-on bonus and is eligible for an inducement restricted stock unit award valued at $4,750,000. The company operates in the smart mobility technology sector, providing transportation safety systems, parking management solutions, and payment services.