Adamas Trust (ADAM) executive compensation, 2026 proxy

Jason T. Serrano, Chief Executive Officer, was paid $8.2M in 2025, up 109% from $3.9M the year before. The CEO-to-median-employee pay ratio was 33:1, on median employee pay of $247,126.

Filed
April 24, 2026
Annual meeting
June 11, 2026
Pay year
2025
Named executives
3
CEO total pay
$8.2M+109% vs prior year
CEO to median employee
33:1median $247,126
CEO pay in equity
50%$4.1M in awards
Prior say-on-pay support
97%of votes cast
CEO Total Compensation
$8,175,2522025 fiscal year
CEO Salary
$920,0002025 fiscal year
Say-on-Pay Support
97%Prior year vote

How Serrano was paid

$8.2M 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.

Salary11%Stock awards50%Non-equity incentive37%All other compensation2%

Named executive officers

ExecutiveTotal
Jason T. SerranoChief Executive Officer$8,175,252
Nicholas MahPresident$5,539,893
Kristine R. Nario-EngChief Financial Officer and Secretary$2,838,724

What changed and why

  • $8.2MCEO total compensation increased to $8,175,252 in 2025 from $3,905,297 in 2024.
  • $3MNon-equity incentive compensation for the CEO was $2,992,500.
  • $4.1MStock awards for the CEO totaled $4,102,962.
  • 97%About 97% of votes cast approved the prior say-on-pay proposal.
  • Zero shares of common stock vested related to 2023 PSUs due to relative TSR ranking.

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.