How Schaeffer was paid
$25.4M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Dave SchaefferChief Executive Officer | $0 | $24,836,176 | $530,243 | $6,100 | $25,372,519 |
| Thaddeus WeedChief Financial Officer | $370,217 | $4,452,233 | — | $6,100 | $4,828,550 |
| Mark HarrisChief Revenue Officer | $321,064 | $2,334,173 | $131,831 | $0 | $2,787,068 |
| John ChangChief Legal Officer | $294,229 | $3,292,280 | — | $6,100 | $3,592,609 |
| Henry KilmerChief Network Officer | $258,093 | $1,136,280 | — | $6,100 | $1,400,473 |
| James BubeckFormer Chief Revenue Officer | $300,430 | $877,560 | $86,668 | $6,100 | $1,270,758 |
What changed and why
- $25.4MDave Schaeffer received total compensation of $25,372,519 in 2025, which was significantly higher due to forward-looking long-term equity grants made in December 2025.
- 2.5%Employees except the CEO received an annual base salary increase of 2.5% in 2025.
- $0.02The Board cut the Company dividend to $0.02 per share in November 2025 to focus on reducing leverage.
- Performance metrics for the CEO annual incentive included wavelength revenue compound annual growth rate and gross profit compound annual growth rate.
- $98,111The median employee annual total compensation for 2025 was $98,111 resulting in a pay ratio of 259:1.
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.