How Federico was paid
$14.2M in total for fiscal 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 | Other | Total |
|---|---|---|---|---|---|
| Peter J. FedericoPresident, Chief Executive Officer, and Chief Investment Officer | $900,000 | $7,537,500 | $5,750,000 | $21,000 | $14,208,500 |
| Bernice E. BellExecutive Vice President and Chief Financial Officer | $750,000 | $2,634,375 | $1,875,000 | $21,000 | $5,280,375 |
| Gary D. KainExecutive Chair | $500,000 | $3,015,000 | $2,100,000 | $21,000 | $5,636,000 |
| Kenneth L. PollackExecutive Vice President, General Counsel, Chief Compliance Officer, and Secretary | $650,000 | $1,826,500 | $1,300,000 | $21,000 | $3,797,500 |
| Sean P. ReidExecutive Vice President, Strategy and Corporate Development | $750,000 | $2,107,500 | $1,500,000 | $21,000 | $4,378,500 |
| Christopher J. KuehlSenior Vice President, Head of Investment Research and Strategy | $900,000 | $2,211,300 | $2,700,000 | $21,000 | $5,832,300 |
What changed and why
- $14.2MPeter J. Federico earned total compensation of $14,208,500 in fiscal 2025.
- $13.1MCEO total compensation increased from $13,098,200 in fiscal 2024.
- Base salaries for NEOs remained flat while bonus and stock awards drove changes.
- Christopher J. Kuehl transitioned from Chief Investment Officer to Senior Vice President.
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.