How Demmings was paid
$15.2M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Keith W. DemmingsPresident and Chief Executive Officer | $1,200,000 | $9,825,712 | $3,576,000 | $620,271 | $15,221,983 |
| Keith R. MeierExecutive Vice President, Chief Financial Officer | $746,154 | $2,947,735 | $1,564,500 | $224,888 | $5,483,277 |
| Michael P. CampbellExecutive Vice President, Chief Operating Officer | $591,731 | $2,493,381 | $874,360 | $157,737 | $4,117,209 |
| Biju NairExecutive Vice President and President, Global Connected Living | $596,154 | $1,965,227 | $876,000 | $165,714 | $3,603,095 |
| Robert A. LonerganExecutive Vice President, Chief Strategy and Transformation Officer | $560,481 | $1,528,521 | $834,074 | $225,966 | $3,149,042 |
| Francesca L. LuthiFormer Executive Vice President, Chief Operating Officer | $645,192 | $2,306,485 | $1,046,500 | $177,763 | $4,175,940 |
What changed and why
- $15.2MChief executive officer total compensation increased to $15,221,983 in fiscal 2025 from $13,777,291 in fiscal 2024.
- 96%Advisory say-on-pay resolution received approximately 96% support from stockholders in 2025.
- Stockholders will vote on an amendment to the 2017 long term equity incentive plan.
- Stockholders will also vote on the election of ten directors and the ratification of PricewaterhouseCoopers LLP.
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.