How II was paid
$6.2M 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 |
|---|---|---|---|---|---|
| Phillip J. Kardis IIPresident, Chief Executive Officer and Director | $900,000 | $3,890,781 | $1,356,180 | $21,000 | $6,167,961 |
| Subramaniam ViswanathanChief Financial Officer | $750,000 | $1,361,773 | $625,430 | $21,000 | $2,758,203 |
| Jack L. Macdowell, Jr.Chief Investment Officer | $750,000 | $1,472,926 | $625,430 | $21,000 | $2,869,356 |
| Miyun SungChief Legal Officer and Corporate Secretary | $450,000 | $632,252 | $294,320 | $21,000 | $1,397,572 |
| Dan ThakkarFormer Chief Credit & Risk Officer | $277,107 | $1,118,600 | $130,382 | $629,323 | $2,155,412 |
What changed and why
- $6.8MCEO total compensation decreased from $6,790,329 in 2024 to $6,167,961 in 2025.
- 65%Annual cash bonuses for named executive officers ranged from 65% to 74% of target.
- 50%Named executive officers received 50% of long-term incentives as RSUs and 50% as PSUs.
- Dan Thakkar ceased serving as Chief Credit & Risk Officer on April 2, 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.