How Balbirnie was paid
$339,000 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Total |
|---|---|---|---|---|
| Brian R. BalbirnieChief Executive Office | $285,000 | — | $54,000 | $339,000 |
| Steven KnerrChief Financial Officer | $200,000 | $25,000 | $54,000 | $279,000 |
| Mark LloydChief Technology Officer | $252,444 | $25,000 | $43,200 | $320,644 |
What changed and why
- $339K$339,000 was CEO total compensation in 2025, up from $285,000 in 2024 because of a $54,000 restricted stock unit grant.
- $54,000$54,000 was the value of the CEO’s October 2025 grant of 5,000 restricted stock units.
- 50%50% of base salary was the CEO’s 2025 cash bonus target; no bonus was reported in the compensation table.
- $25,000$25,000 cash bonuses were reported for both Steven Knerr and Mark Lloyd in 2025.
- $43,200$43,200 was Mark Lloyd’s 2025 stock award, while Steven Knerr received $54,000.
- Equity awards may be granted for retention, extraordinary efforts, results, or negotiated hiring terms without formal targets.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.