How Beard was paid
$17.2M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Stephen W. BeardPresident and Chief Executive Officer | $1,000,000 | — | $13,999,529 | $1,905,625 | $339,834 | $17,244,988 |
| Robert J. PhelanSenior Vice President and Chief Financial Officer | $540,268 | — | $948,817 | $501,696 | $24,546 | $2,015,327 |
| Douglas G. BeckSenior Vice President, General Counsel, Corporate Secretary and Institutional Support Services | $535,806 | — | $536,406 | $457,428 | $122,207 | $1,651,847 |
| Michael BetzPresident Walden University & Chief Digital Officer | $648,092 | $250,000 | $689,150 | $896,610 | $111,049 | $2,594,901 |
| Scott LilesPresident Medical & Veterinary | $537,500 | — | $671,180 | $376,212 | $34,806 | $1,619,698 |
What changed and why
- $17.2M$17,244,988 CEO total compensation in 2025 versus $14,302,581 in 2024.
- $14M$13,999,529 CEO stock awards represented the largest component of 2025 compensation.
- $1.9M$1,905,625 CEO MIP compensation was earned based on fiscal 2025 performance.
- $250K$250,000 sign-on bonus was paid to Michael Betz for expanded responsibilities and his Chief Digital Officer role.
- $16.8M$16,798,356 was the maximum-performance value of the CEO’s 2025 PSU award.
- 50%Revenue growth and EBITDA margin each weighted 50% in the three-year PSU performance cycle.
Other Covista proxy statements
- 2026 proxy statement
Stephen W. Beard paid $19M (+10% on the year), pay ratio 412:1.
Filed Oct 02, 2026
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.