How Khare was paid
$4.1M in total for March 31, 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 | Stock | Options | Other | Total |
|---|---|---|---|---|---|
| Bhisham (Ajay) KhareChief Executive Officer | $388,643 | $3,459,904 | — | $256,763 | $4,105,310 |
| Sudhir Appukuttan PanikasseryFormer Chief Executive Officer | $565,278 | — | $7,313,912 | $164,755 | $8,043,945 |
| Daniel S. WebbChief Financial Officer and Chief Investment Officer | $400,000 | $1,046,941 | — | $15,133 | $1,462,074 |
| Unnikrishnan (Unni) Balakrishnan NambiarChief Technology Officer | $283,328 | $925,186 | — | — | $1,208,514 |
What changed and why
- $4.1MCEO Bhisham (Ajay) Khare received total compensation of $4,105,310 for fiscal 2025, compared to $305,758 in fiscal 2024.
- $8MFormer CEO Sudhir Appukuttan Panikassery received total compensation of $8,043,945 for fiscal 2025, which included $7,313,912 in option awards.
- The Compensation Committee determined not to pay any annual cash incentives to NEOs for fiscal year 2025 due to market challenges.
- 17%A temporary base compensation reduction of 17% to 29% was approved for select executives effective December 1, 2024.
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.