How Halbert was paid
$20.4M 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 | Options | Other | Total |
|---|---|---|---|---|---|---|
| David Dean HalbertChief Executive Officer | $764,918 | $3,259,311 | $15,400,569 | — | $925,773 | $20,350,571 |
| David SpetzlerPresident | $611,934 | $703,725 | $2,780,988 | $7,472,580 | $14,000 | $11,583,227 |
| J. Russel DentonSenior Vice President, General Counsel and Secretary | $458,951 | $263,897 | $2,085,741 | $2,532,025 | $14,000 | $5,354,614 |
What changed and why
- $20.4MDavid Dean Halbert received total compensation of $20,350,571 in fiscal year 2025 following the company's initial public offering.
- 3%Base salaries for named executive officers increased by approximately 3% in February 2025.
- 115%Annual discretionary cash bonuses for 2025 were awarded at 115% of each named executive officer's target.
- $1.5MSpecial cash bonuses totaling $1,500,000 were paid to Mr. Halbert for completing private financing and the initial public offering.
- The company implemented post-IPO restricted stock units and option modifications to align executive interests with shareholders.
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.