How Choi was paid
$5.9M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Brian J. ChoiChief Executive Officer | $837,500 | $4,285,014 | $765,351 | — | $33,545 | $5,921,410 |
| Daniel CunhaEVP, CFO | $325,000 | $1,207,176 | $262,096 | — | $127,750 | $1,922,022 |
| Jagdeep PahwaExecutive Chairman | $4,655 | $5,000,050 | — | — | — | $5,004,705 |
| Ravi SimhambhatlaEVP, Chief Digital & Innovation Officer | $500,000 | $1,150,008 | $381,600 | — | $161,765 | $2,193,373 |
| Edward P. LinnenEVP, CHRO | $600,000 | $829,979 | $390,960 | — | $66,450 | $1,887,389 |
| Joseph A. FerraroFormer President and CEO | $1,550,000 | $5,566,691 | $741,000 | $716 | $136,947 | $7,995,354 |
| Izzy MartinsFormer CFO | $350,000 | $2,119,988 | — | — | $19,161 | $2,489,149 |
What changed and why
- Brian J. Choi became Chief Executive Officer on July 1, 2025, succeeding Joseph A. Ferraro.
- Annual incentive payouts for 2025 were below target for named executive officers based on performance.
- $11.7BRevenue for 2025 was approximately $11.7 billion with a net loss of $995 million.
- 59%Total shareholder return for 2025 was 59% based on a year-end stock price of $128.32.
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.