How Shepro was paid
$7.5M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| William B. SheproChief Executive Officer | $966,196 | $2,709,518 | $3,114,982 | $453,635 | $233,973 | $7,478,304 |
| Michelle D. EstermanChief Financial Officer | $430,500 | $1,077,997 | $1,099,383 | — | $95,252 | $2,703,132 |
| Gregory J. RittsChief Legal and Compliance Officer | $492,791 | $903,260 | $925,264 | $79,438 | $36,759 | $2,437,512 |
What changed and why
- $7.5MWilliam B. Shepro received total compensation of $7,478,304 in fiscal 2025, an increase from $1,874,138 in the prior year.
- $2.7MStock awards for the CEO totaled $2,709,518, which included Restructuring Management Incentive Plan RSUs.
- $3.1MOption awards for the CEO were $3,114,982, representing Stakeholder Warrants distributed in April 2025.
- Named executive officers participated in a base salary adjustment allowing partial payment in unrestricted common 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.