How Ray was paid
$3.9M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| James R. RayPresident and Chief Executive Officer and Director | $879,231 | — | $3,059,120 | $11,077 | $3,949,428 |
| Andy CheungChief Financial Officer | $468,923 | $90,833 | $208,302 | $10,367 | $778,425 |
| Aneezal H. MohamedChief Legal Officer, Compliance Officer and Secretary | $376,116 | — | $111,383 | $8,885 | $496,384 |
| Kristin S. MathersChief Human Resource Officer | $371,231 | — | $98,944 | $5,846 | $476,021 |
What changed and why
- $3.9MCEO total compensation increased to $3,949,428 in 2025 due to larger stock awards.
- The Compensation Committee exercised negative discretion and no annual incentive bonuses were paid to NEOs for 2025.
- Mr. Ray surrendered 85,031 unvested shares and forfeited a performance award that exceeded Plan share limitations.
- $23,896The median employee annual total compensation for 2025 was $23,896.
- The ratio of annual total cash compensation of the CEO to the median employee was 165:1.
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.