How Matt was paid
$8M 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 | Other | Total |
|---|---|---|---|---|---|
| Peter R. MattPresident and Chief Executive Officer | $1,084,616 | $5,505,805 | $1,322,530 | $109,951 | $8,022,901 |
| Paul J. LawrenceSenior Vice President, Chief Financial Officer | $657,692 | $1,644,583 | $571,362 | $68,413 | $2,942,051 |
| Kekin M. GhelaniSenior Vice President, Chief Strategy Officer | $517,500 | $1,501,333 | $406,092 | $34,015 | $2,458,940 |
| Jody K. AbsherSenior Vice President, Chief Legal Officer and Corporate Secretary | $562,308 | $1,136,241 | $438,615 | $47,771 | $2,184,936 |
| Jennifer J. DurbinSenior Vice President, Chief Human Resources and Communications Officer | $558,077 | $985,510 | $407,591 | $58,119 | $2,009,298 |
What changed and why
- $8MPeter R. Matt received total compensation of $8,022,901 in fiscal 2025, representing an increase from the prior year total of $6,579,555.
- The Transform, Advance, and Grow operational excellence program exceeded anticipated targeted EBITDA benefits during fiscal year 2025.
- 97.1%Stockholders expressed strong support for executive compensation with approximately 97.1% approval at the prior say-on-pay vote.
- Long-term incentives for named executive officers consisted of time-based RSUs and performance-based stock units tied to financial goals and relative TSR.
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.