How Spanos was paid
$5.5M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael L. SpanosChief Executive Officer | $1,000,000 | — | $3,333,337 | $1,155,000 | $7,524 | $5,495,861 |
| Eric ChristelExecutive Vice President, Chief Financial Officer | $230,769 | $250,000 | $415,003 | $135,935 | $584 | $1,032,291 |
| W. Michael HealyFormer Executive Vice President, Chief Financial Officer and Executive Vice President, Strategy & Transformation | $446,346 | — | $500,007 | — | $1,054,847 | $2,001,200 |
| Kelly M. LeffertsExecutive Vice President, Chief Legal Officer | $520,000 | $80,000 | $600,010 | $320,892 | $2,425 | $1,523,327 |
| Jessica MitorySenior Vice President, Chief Human Resource Officer | $169,904 | $500,000 | $710,001 | $82,627 | $192 | $1,462,724 |
| Patrick HafnerExecutive Vice President, President, Outback Steakhouse | $495,385 | — | $583,353 | $277,644 | $1,223 | $1,357,605 |
| Mark E. GraffFormer Executive Vice President, President, Bonefish Grill and Fine Dining | $389,423 | — | $300,003 | — | $834,728 | $1,524,154 |
What changed and why
- $5.5MMichael L. Spanos received total compensation of $5,495,861 for fiscal 2025.
- 66%Short-term incentive payouts were 66% of target due to adjusted operating income falling below targets.
- 50%Long-term incentive PSU mix was adjusted to 50% PSUs and 50% RSUs for NEOs other than the CEO.
- 92.3%Stockholders approved the previous say-on-pay proposal with 92.3% 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.