How Grizzle was paid
$8.5M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| Victor D. GrizzlePresident & Chief Executive Officer | $1,000,000 | $5,599,532 | $1,584,000 | $353,468 | $8,537,000 |
| Mark A. HersheySenior Vice President & Chief Operating Officer | $555,573 | $874,959 | $513,349 | $124,873 | $2,068,753 |
| Christopher P. CalzarettaSenior Vice President & Chief Financial Officer | $515,000 | $777,891 | $475,860 | $62,018 | $1,830,769 |
| Austin K. SoFormer Senior Vice President, GC, Head of Government Relations & Chief Sustainability Officer | $477,318 | $659,657 | $378,036 | $100,234 | $1,615,244 |
| Jill A. CragerSenior Vice President Sales & Digital Marketing | $425,000 | $529,117 | $336,600 | $57,933 | $1,348,651 |
What changed and why
- $9.2MCEO total compensation decreased from $9,154,261 in 2024 to $8,537,000 in 2025.
- Mark A. Hershey was announced to succeed Victor D. Grizzle as President and CEO effective April 1, 2026.
- Long-term incentive awards consist of performance stock units and restricted stock units subject to strict performance goals.
- 84%Shareholders approved the previous executive compensation program with 84% support at the 2025 annual meeting.
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.