How Nelson was paid
$11.7M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Dennis H. NelsonPresident and CEO | $1,300,000 | $4,503,597 | $5,713,200 | $189,485 | $11,706,282 |
| Thomas B. HeacockSenior Vice President of Finance and CFO | $635,000 | $1,065,040 | $876,024 | $66,226 | $2,642,290 |
| Kari G. SmithExecutive Vice President of Stores | $690,000 | $1,156,329 | $942,678 | $48,135 | $2,837,142 |
| Brett P. MilkieSenior Vice President of Leasing | $670,000 | $1,065,040 | $876,024 | $46,229 | $2,657,293 |
| Michelle M. HoffmanSenior Vice President of Sales | $494,000 | $882,462 | $666,540 | $38,464 | $2,081,466 |
What changed and why
- $11.7MDennis H. Nelson received a total compensation of $11,706,282 for fiscal 2025, representing an increase from the prior year total of $8,817,953.
- The compensation program relies on base salaries, incentive cash bonuses, benefits, and non-vested stock awards.
- The 2025 Management Incentive Plan utilized pre-bonus net income as the key performance metric to create a bonus pool.
- 100%The company achieved three primary performance goals, making 100% of performance-based non-vested stock eligible for vesting.
- $7,622The CEO to median employee pay ratio was calculated as 1,535.86 to 1.0 based on median employee pay of $7,622.
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.