How MACKAY was paid
$9.5M 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 |
|---|---|---|---|---|---|
| MICHELLE MACKAYCEO | $1,243,269 | $5,687,408 | $2,500,000 | $39,022 | $9,469,699 |
| NEIL JOHNSTONExecutive Vice President & CFO | $647,692 | $1,826,946 | $975,616 | $14,000 | $3,464,254 |
| ANDREW MCDONALDGlobal President & COO | $900,000 | $3,168,139 | $1,700,000 | $12,250 | $5,780,389 |
| NATHANIEL ROBINSONExecutive Vice President, Chief Investment & Strategy Officer | $500,000 | $800,088 | $1,000,000 | $14,000 | $2,314,088 |
| NOELLE PERKINSExecutive Vice President, Chief Legal Officer & Secretary | $599,462 | $1,118,836 | $600,000 | $28,635 | $2,346,933 |
What changed and why
- $9.5MCEO Michelle MacKay received total compensation of $9,469,699 for 2025, representing a slight decrease from her 2024 total compensation.
- 98.6%The company achieved strong support for its executive compensation program with 98.6% approval at the 2025 annual meeting.
- Long-term incentives for executives included performance-vesting restricted stock units tied to adjusted EPS and relative TSR modifiers.
- Named Executive Officers received annual incentive plan cash bonuses based on pre-established corporate performance metrics.
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.