ONEMAIN HOLDINGS, INC., DEF 14A filed on 4/29/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name OneMain Holdings, Inc.
Entity Central Index Key 0001584207
v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary
Compensation
Table Total for
CEO
Compensation
Actually Paid
to CEO(1)
Average
Summary
Compensation
Table Total for
Non-CEO
NEOs(2)
Average
Compensation
Actually Paid
to Non-CEO
NEOs(2)
Value of Initial Fixed $100
Investment Based On:		Net
Income
(in
millions)
Capital
Generation(4)
(in millions)
Total
Stockholder
Return
Peer Group
Total
Stockholder
Return(3)
2025$15,074,230 $28,359,648 $4,386,117 $8,075,062 $236.43 $194.87 $783 $913 
2024$11,322,545 $11,403,536 $2,700,499 $2,598,583 $169.17 $160.06 $509 $685 
2023$15,448,668 $19,411,856 $4,715,933 $6,039,373 $146.86 $128.19 $641 $794 
2022$10,825,968 $3,745,311 $3,148,402 $647,344 $90.06 $109.40 $872 $1,064 
2021$21,715,068 $39,608,197 $8,166,095 $14,259,457 $123.64 $125.24 $1,314 $1,303 
        
Company Selected Measure Name Capital Generation        
Named Executive Officers, Footnote
(1)Mr. Shulman served as our Chief Executive Officer for each year presented.
(2)Ms. Osterhout and Mr. Conrad were our other NEOs presented for 2024-2025. Mr. Conrad and Rajive Chadha, our former Chief Operating Officer, were our other NEOs for 2021-2023.
        
Peer Group Issuers, Footnote (3)The market index used was the NYSE Financial Sector Index.        
PEO Total Compensation Amount $ 15,074,230 $ 11,322,545 $ 15,448,668 $ 10,825,968 $ 21,715,068
PEO Actually Paid Compensation Amount $ 28,359,648 11,403,536 19,411,856 3,745,311 39,608,197
Adjustment To PEO Compensation, Footnote
The following table reconciles the total compensation shown in the Summary Compensation Table to the compensation actually paid to NEOs shown in the Pay Versus Performance Table above.
YearSummary
Compensation
Table Total		Less: Equity
Awards
Included in
Summary
Compensation
Table		Add:
Year-End
Value of
Unvested
Equity Awards
Granted in
Year		Add: Change
in
Year-End
Value
of Unvested
Equity Awards
Granted in
Prior Years		Add: Vesting
Date Value of
Equity Awards
Granted and
Vested During
Year
Add: Change
in Value of
Unvested
Equity Awards
Granted in
Prior Years
that Vested
During Year(a)
Total
Compensation
Actually
Paid(a)
CEO
2025$15,074,230 $(8,190,542)$12,316,188 $8,693,745 $— $466,027 $28,359,648 
2024$11,322,545 $(5,888,812)$6,485,519 $(397,349)$— $(118,367)$11,403,536 
2023$15,448,668 $(10,267,357)$11,461,489 $1,474,642 $745,634 $548,780 $19,411,856 
2022$10,825,968 $(4,713,173)$2,511,907 $(5,796,156)$865,280 $51,485 $3,745,311 
2021$21,715,068 $(14,005,170)$13,771,899 $84,304 $659,124 $17,382,972 $39,608,197 
Non-CEO NEOs
2025$4,386,117 $(2,041,473)$2,900,165 $2,655,737 $— $174,516 $8,075,062 
2024$2,700,499 $(999,288)$1,100,545 $(139,960)$— $(63,213)$2,598,583 
2023$4,715,933 $(2,817,786)$3,143,590 $664,689 $206,464 $126,483 $6,039,373 
2022$3,148,402 $(1,305,147)$695,579 $(2,052,692)$239,616 $(78,414)$647,344 
2021$8,166,095 $(4,853,630)$5,009,300 $(51,126)$215,683 $5,773,135 $14,259,457 
(a)    Amounts reported for 2021 reflect the settlement of two tranches of performance option awards that were granted in 2018 and 2019. 		       
Non-PEO NEO Average Total Compensation Amount $ 4,386,117 2,700,499 4,715,933 3,148,402 8,166,095
Non-PEO NEO Average Compensation Actually Paid Amount $ 8,075,062 2,598,583 6,039,373 647,344 14,259,457
Adjustment to Non-PEO NEO Compensation Footnote
The following table reconciles the total compensation shown in the Summary Compensation Table to the compensation actually paid to NEOs shown in the Pay Versus Performance Table above.
YearSummary
Compensation
Table Total		Less: Equity
Awards
Included in
Summary
Compensation
Table		Add:
Year-End
Value of
Unvested
Equity Awards
Granted in
Year		Add: Change
in
Year-End
Value
of Unvested
Equity Awards
Granted in
Prior Years		Add: Vesting
Date Value of
Equity Awards
Granted and
Vested During
Year
Add: Change
in Value of
Unvested
Equity Awards
Granted in
Prior Years
that Vested
During Year(a)
Total
Compensation
Actually
Paid(a)
CEO
2025$15,074,230 $(8,190,542)$12,316,188 $8,693,745 $— $466,027 $28,359,648 
2024$11,322,545 $(5,888,812)$6,485,519 $(397,349)$— $(118,367)$11,403,536 
2023$15,448,668 $(10,267,357)$11,461,489 $1,474,642 $745,634 $548,780 $19,411,856 
2022$10,825,968 $(4,713,173)$2,511,907 $(5,796,156)$865,280 $51,485 $3,745,311 
2021$21,715,068 $(14,005,170)$13,771,899 $84,304 $659,124 $17,382,972 $39,608,197 
Non-CEO NEOs
2025$4,386,117 $(2,041,473)$2,900,165 $2,655,737 $— $174,516 $8,075,062 
2024$2,700,499 $(999,288)$1,100,545 $(139,960)$— $(63,213)$2,598,583 
2023$4,715,933 $(2,817,786)$3,143,590 $664,689 $206,464 $126,483 $6,039,373 
2022$3,148,402 $(1,305,147)$695,579 $(2,052,692)$239,616 $(78,414)$647,344 
2021$8,166,095 $(4,853,630)$5,009,300 $(51,126)$215,683 $5,773,135 $14,259,457 
(a)    Amounts reported for 2021 reflect the settlement of two tranches of performance option awards that were granted in 2018 and 2019. 		       
Compensation Actually Paid vs. Total Shareholder Return
2350
        
Compensation Actually Paid vs. Net Income 2351        
Compensation Actually Paid vs. Company Selected Measure 2352        
Total Shareholder Return Vs Peer Group
2350
        
Tabular List, Table
OneMain considers the following to be the most important financial performance measures it uses to link compensation actually paid to its NEOs, for 2025, to company performance.
Financial Performance Measures
Capital Generation*
Capital Generation Growth*
C&I Operating Expenses*
New Products/Channels
*Refer to Appendix A for non-GAAP financial measures reconciliations along with defined terms.
        
Total Shareholder Return Amount $ 236.43 169.17 146.86 90.06 123.64
Peer Group Total Shareholder Return Amount 194.87 160.06 128.19 109.40 125.24
Net Income (Loss) $ 783,000,000 $ 509,000,000 $ 641,000,000 $ 872,000,000 $ 1,314,000,000
Company Selected Measure Amount 913,000,000 685,000,000 794,000,000 1,064,000,000 1,303,000,000
PEO Name Mr. Shulman        
Additional 402(v) Disclosure
The following charts reflect the compensation actually paid to the Company’s CEO and the average compensation actually paid to the non-CEO NEOs, respectively, and their relation to (i) the Company’s TSR, (ii) the Company’s net income, and (iii) the Company’s selected measure of financial performance, Capital Generation, for each year presented. We also show below the relationship between the Company’s TSR and the TSR of the NYSE Financial Sector Index over this period.
The Company’s TSR increased in four of the last five years, with total TSR increasing 136% over this period. The TSR of the NYSE Financial Sector Index also grew in four of the last five years, but at a lower rate than the Company’s TSR, with total TSR of the NYSE Financial Sector Index increasing 56% from 2021 through 2025. The Company’s net income and Capital Generation declined in 2022, 2023, and 2024. Compensation actually paid to the Company’s Chief Executive Officer and average compensation actually paid to the non-CEO NEOs changed year-over-year primarily due to changes in equity grant values and stock price performance, which affected the value of outstanding equity awards held by our NEOs.
        
Measure:: 1          
Pay vs Performance Disclosure          
Name Capital Generation        
Non-GAAP Measure Description The company-selected measure is Capital Generation, which is a non-GAAP financial measure. Refer to Appendix A for a description of how this measure is calculated and, for 2025, a reconciliation to the most directly comparable measure calculated under GAAP.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Capital Generation Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name C&I Operating Expenses        
Measure:: 4          
Pay vs Performance Disclosure          
Name New Products/Channels        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (8,190,542) $ (5,888,812) $ (10,267,357) $ (4,713,173) $ (14,005,170)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 12,316,188 6,485,519 11,461,489 2,511,907 13,771,899
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,693,745 (397,349) 1,474,642 (5,796,156) 84,304
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 745,634 865,280 659,124
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 466,027 (118,367) 548,780 51,485 17,382,972
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,041,473) (999,288) (2,817,786) (1,305,147) (4,853,630)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,900,165 1,100,545 3,143,590 695,579 5,009,300
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,655,737 (139,960) 664,689 (2,052,692) (51,126)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 206,464 239,616 215,683
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 174,516 $ (63,213) $ 126,483 $ (78,414) $ 5,773,135
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true