How DeIuliis was paid
$7.4M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Nicholas J. DeIuliisFormer President and Chief Executive Officer | $800,000 | $3,000,024 | $2,396,000 | $1,180,381 | $43,913 | $7,420,318 |
| Alan K. ShepardPresident and Chief Executive Officer; Former Chief Financial Officer | $350,000 | $2,500,049 | $515,000 | — | $21,000 | $3,386,049 |
| Timothy S. BedardExecutive Vice President, General Counsel and Corporate Secretary | $375,000 | $6,592,383 | $507,000 | — | $21,000 | $7,495,383 |
| Navneet BehlChief Operating Officer | $475,000 | $2,750,042 | $656,000 | — | $65,436 | $3,946,478 |
| Hayley F. ScottSenior Vice President - Compliance and Reporting | $283,750 | $6,592,383 | $207,281 | — | $17,025 | $7,100,439 |
What changed and why
- $7.4MChief executive officer total compensation increased to $7,420,318 in 2025 from $6,120,603 in 2024.
- Nicholas J. DeIuliis served as president and chief executive officer until his retirement effective December 31, 2025.
- Alan K. Shepard was appointed as president and chief executive officer effective January 1, 2026.
- $646MThe company generated approximately $646 million in annual free cash flow during 2025.
- $528MCompany repurchased 16.9 million shares of common stock for $528 million during 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.