How III was paid
$9.6M 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 C. Rhodes, IIIExecutive Chairman | $150,000 | — | $2,349,237 | — | $80,182 | $2,579,419 |
| Philip B. Daniele, IIIPresident & Chief Executive Officer | $1,000,000 | $27,754 | $7,198,789 | $1,257,751 | $152,120 | $9,636,414 |
| Jamere JacksonChief Financial Officer | $808,462 | — | $5,200,014 | $782,187 | $101,743 | $6,892,406 |
| Thomas B. NewbernChief Operating Officer | $808,462 | — | $5,200,014 | $782,187 | $99,836 | $6,890,499 |
| William R. HackneyExecutive Vice President, Merchandising, Marketing & Supply Chain | $516,923 | — | $5,040,518 | $375,093 | $38,552 | $5,971,086 |
| Kenneth E. Jaycox, Jr.Senior Vice President, Commercial | $500,000 | — | $3,299,639 | $290,251 | $194,608 | $4,284,498 |
What changed and why
- $9.6M$9,636,414 was Phil Daniele’s 2025 total compensation; his 2024 total was $9,198,465.
- $1.3M$1,257,751 in non-equity incentives reflected 2025 EICP awards tied to economic profit, based on EBIT and ROIC.
- 300%300% of target was the EICP maximum payout, while threshold was 50% of target.
- 89%Over 89% of votes cast supported say-on-pay, an improvement noted by the company.
- $27,754$27,754 in stock awards represented shares acquired under the Executive Stock Purchase Plan.
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.