How Smith was paid
$18.5M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Gary B. SmithPresident and CEO | $1,075,000 | — | $14,637,538 | $2,805,000 | $12,858 | $18,530,396 |
| Marc D. GraffSVP and CFO | $165,000 | $1,950,000 | $10,485,993 | $280,055 | $116,251 | $12,997,299 |
| James E. Moylan, Jr.SVP and CFO (former) | $520,793 | — | — | $892,202 | $14,072 | $1,427,067 |
| Dino DiPernaSVP, Global R&D | $474,662 | — | $2,570,695 | $732,430 | $19,897 | $3,797,684 |
| Jason M. PhippsSVP, Global Customer Engagement | $579,450 | — | $3,656,002 | $993,480 | $14,005 | $5,242,937 |
| David M. RothensteinSVP, Chief Strategy Officer and Secretary | $573,900 | — | $2,856,267 | $787,168 | $14,000 | $4,231,335 |
What changed and why
- $18.5MCEO total compensation increased to $18,530,396 in fiscal 2025 due to higher stock awards and non-equity incentive payouts.
- $4.77BCompany achieved record revenue of $4.77 billion and record orders of $7.8 billion in fiscal 2025.
- 60%Approximately 60% of the CEO target award value was allocated to at-risk, performance-based equity.
- $1.9MMarc D. Graff was hired as Chief Financial Officer with a sign-on bonus of $1,950,000.
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.