How Rhodes was paid
$12.8M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Michael G. RhodesChief Executive Officer | $1,000,000 | $4,500,000 | $7,203,055 | $67,139 | $12,770,194 |
| Russell E. HutchinsonChief Financial Officer | $750,000 | $2,160,000 | $2,400,002 | $47,046 | $5,357,048 |
| William C. Hall Jr.President, Corporate Finance | $650,000 | $1,550,000 | $1,762,543 | $59,290 | $4,021,833 |
| Stephanie N. RichardChief Risk Officer | $650,000 | $1,070,000 | $1,080,010 | $53,986 | $2,853,996 |
| Douglas R. TimmermanPresident, Dealer Financial Services | $750,000 | $2,320,000 | $2,220,014 | $63,022 | $5,353,036 |
What changed and why
- $12.8MMichael G. Rhodes received total compensation of $12,770,194 for fiscal year 2025.
- $20.9MCEO total compensation decreased compared to the prior fiscal year total of $20,940,508.
- The company launched the Focused Forward strategy to simplify operations and enhance capital discipline.
- 10.4%Core ROTCE reached 10.4 percent, representing a 45 percent increase year over year.
- 62%Adjusted EPS increased by 62 percent to $3.81 per share.
- The CEO to median employee pay ratio was established at 106 to 1.
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.