How Schmitt was paid
$2.2M 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 | Options | Total |
|---|---|---|---|---|
| Daniel M. SchmittPresident and Chief Executive Officer | $570,000 | $142,329 | $1,454,193 | $2,166,522 |
| Andrew P. Mazar, Ph. D.Chief Operating Officer | $450,000 | $102,150 | $867,419 | $1,419,569 |
| Paul LytleChief Financial Officer | $435,363 | $79,062 | $491,936 | $1,006,361 |
What changed and why
- $5.6MCEO total compensation decreased from $5,578,616 in 2024 to $2,166,522 in 2025 following massive prior-year stock awards.
- $570KBase salary for CEO Daniel M. Schmitt increased to $570,000 for fiscal 2025.
- Executive compensation elements consisted of base salary, annual cash bonuses, and equity awards in stock options.
- All stock options were granted under the 2024 Stock Incentive Plan with fair values determined using the Black-Scholes model.
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.