How Cordonnier was paid
$2.8M 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 |
|---|---|---|---|---|---|---|
| Mike CordonnierChief Executive Officer, President and Co-Founder | $480,822 | $353,218 | $1,510,370 | $414,709 | $30,848 | $2,789,967 |
| Leo GreensteinChief Financial Officer and Treasurer | $377,863 | — | $517,423 | $217,271 | $6,754 | $1,119,311 |
| Scott DurallChief Commercial Officer | $411,260 | — | $802,741 | $283,770 | $18,501 | $1,516,272 |
What changed and why
- $2.8MMike Cordonnier received total compensation of $2,789,967 for fiscal year 2025.
- Base salaries for all named executive officers increased effective July 22, 2025, in connection with the IPO.
- 115%Annual cash incentive awards were paid out at 115% of target levels based on performance metrics.
- Option awards comprised the largest portion of the CEO total compensation for 2025.
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.