How Paterson was paid
$3M in total for 2024, 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Wayne PatersonVice Chairman and Chief Executive Officer | $696,389 | $125,000 | — | $1,461,423 | $725,000 | $35,533 | $3,043,345 |
| David St DenisPresident and Former Chief Operating Officer | $450,000 | $50,000 | $3,000,000 | — | $380,000 | $34,596 | $3,914,596 |
| Matthew McDonnellChief Financial Officer | $267,432 | $50,000 | $499,998 | — | $158,757 | $24,471 | $1,000,658 |
What changed and why
- $6.8MWayne Paterson total compensation decreased from $6,815,258 in 2023 to $3,043,345 in 2024 due to lower option awards values.
- 100%NEOs received 100% of their target short-term incentive bonuses as performance targets were met.
- $125KExceptional cash bonuses of $125,000, $50,000, and $50,000 were awarded for the Nasdaq listing process.
- NEOs received restricted stock units in connection with the U.S. initial public offering.
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.