How Kaplan was paid
$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 |
|---|---|---|---|---|---|
| Jordan L. KaplanChairman and CEO | $800,000 | — | $8,170,000 | $42,069 | $9,012,069 |
| Kenneth M. PanzerPresident and COO | $800,000 | — | $8,170,000 | $35,480 | $9,005,480 |
| Kevin A. CrummyCIO | $600,000 | $150,000 | $1,015,131 | $13,000 | $1,778,131 |
| Peter D. SeymourCFO | $550,000 | — | $1,750,218 | $13,000 | $2,313,218 |
| Michele L. AronsonEVP, GC and Secretary | $450,000 | — | $1,820,227 | $13,000 | $2,283,227 |
What changed and why
- $9MJordan L. Kaplan received total compensation of $9,012,069 for 2025.
- 91%Long-term restricted equity represented 91% of total compensation for the CEO and COO in 2025.
- 100%All 2025 equity grants are 100% at risk and subject to a stock performance hurdle.
- Executive equity awards are restricted from transfer for four to seven years after grant.
- The ratio of the CEO annual total compensation to the median employee total compensation was 122:1.
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.