How Sullivan was paid
$16.4M in total for fiscal 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 | Total |
|---|---|---|---|---|
| Brian F. SullivanChairman and Chief Executive Officer | $577,096 | $15,428,650 | $368,122 | $16,373,868 |
| Lance G. LaingChief Science Officer | $472,562 | $3,518,860 | $201,219 | $4,192,641 |
| Vicky HahneChief Financial Officer | $419,596 | $2,813,527 | $178,483 | $3,411,606 |
What changed and why
- $16.4MBrian F. Sullivan received total compensation of $16,373,868 in fiscal 2025, an increase from $6,586,663 in fiscal 2024.
- 106%The Compensation Committee determined that annual incentive performance goals for 2025 were achieved at the 106% level.
- Each named executive officer was awarded long-term incentive compensation in the form of stock options in August 2025.
- Stock option awards for the CEO included both time-based and performance-based options tied to stock price milestones.
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.