How McGrath was paid
$7.5M 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 |
|---|---|---|---|---|---|
| Timothy McGrathPresident and Chief Executive Officer | $1,265,000 | $5,037,600 | $1,189,100 | $10,350 | $7,502,050 |
| Thomas BakerSenior Vice President, Chief Financial Officer and Treasurer | $453,750 | $2,518,800 | $426,525 | $10,500 | $3,409,575 |
| Patricia GallupChief Administrative Officer and Chair of the Board | $327,000 | $2,671,250 | $230,535 | $120,500 | $3,349,285 |
What changed and why
- $7.5MChief Executive Officer total compensation increased to $7,502,050 for fiscal 2025.
- $5MStock awards for the Chief Executive Officer totaled $5,037,600 in 2025.
- $1.2MNon-equity incentive compensation for the Chief Executive Officer was $1,189,100.
- Financial performance goals for 2025 cash performance awards included adjusted net income and expense leverage.
- $88.1MAdjusted net income for 2025 was $88.1 million resulting in 92.6 percent goal achievement.
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.