How Stenberg was paid
$1.5M 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 |
|---|---|---|---|---|---|
| Jon StenbergChief Executive Officer and President | $500,000 | $450,000 | $460,000 | $77,735 | $1,487,735 |
| Jeffery P. ConklinChief Financial Officer, Chief Investment Officer and Treasurer | $442,900 | $200,000 | $195,500 | $11,273 | $849,673 |
| Sheryl KinlawChief Legal Officer and Secretary | $360,500 | $175,000 | $172,500 | $13,200 | $721,200 |
What changed and why
- $1.5M$1,487,735 was Jon Stenberg’s 2025 total compensation, compared with $1,435,264 in 2024.
- $450K$450,000 of Stenberg’s 2025 pay was stock awards under the company’s long-term incentive plan.
- $460K$460,000 was Stenberg’s 2025 performance-based cash incentive, earned for 2025 goals and paid in March 2026.
- $77,735$77,735 of Stenberg’s other compensation included $66,104 in relocation payments and $11,631 in 401(k) contributions.
- 80%80% of shareholders voted in favor of say-on-pay in 2025.
- The company’s long-term incentive plan uses RSUs and PSUs, with PSUs subject to three-year performance periods.
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.