How Carrel was paid
$9.2M 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 |
|---|---|---|---|---|---|
| Michael H. CarrelPresident and Chief Executive Officer | $828,439 | $7,203,478 | $1,171,703 | $14,000 | $9,217,620 |
| Angela L. WirickChief Financial Officer | $523,366 | $2,535,345 | $504,452 | $11,750 | $3,574,913 |
| Douglas J. SeithChief Operating Officer | $572,220 | $2,697,173 | $659,390 | $21,200 | $3,949,983 |
| Salvatore PriviteraChief Technical Officer | $447,765 | $1,888,003 | $364,218 | $14,000 | $2,713,986 |
| Justin J. NozneskyChief Marketing and Strategy Officer | $452,112 | $1,618,264 | $367,754 | $11,750 | $2,449,880 |
What changed and why
- $11.1MCEO total compensation decreased from $11,070,400 in 2024 to $9,217,620 in 2025.
- Stock awards represent the majority of executive compensation through RSAs and PSAs.
- No stock option awards were granted to any named executive officers in 2025.
- The CEO to median employee pay ratio is 64:1 for 2025.
- 78.9%At last year's meeting, 78.9% of votes cast approved the say-on-pay proposal.
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.