How Tibbetts was paid
$6.1M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Shawn J. TibbettsChairman, Chief Executive Officer, and President | $672,385 | $4,411,428 | $953,250 | $54,843 | $6,091,906 |
| Matthew T. Barnes-SmithChief Financial Officer and Treasurer | $419,713 | $1,780,995 | $354,000 | $40,451 | $2,595,159 |
| Eric E. AppersonPresident of Construction | $187,557 | $320,382 | — | $1,349,788 | $1,857,727 |
What changed and why
- $6.1MShawn J. Tibbetts total compensation increased to $6,091,906 following his first full year as CEO and appointment as Chairman.
- The compensation committee conformed the equity award program to prospective market practice, including awards for both 2024 and 2025 service periods.
- $1.3MEric E. Apperson received severance of $1,319,295 and other separation benefits upon his termination without cause on May 23, 2025.
- The company maintains an incentive compensation clawback policy and prohibits hedging and pledging of company stock.
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.