How Flanagan was paid
$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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Timothy K. FlanaganChief Executive Officer and President | $702,000 | $972,000 | $351,000 | $17,500 | $2,042,500 |
| Rory F. O’DonnellChief Financial Officer and Senior Vice President | $425,000 | $469,789 | $159,375 | $14,148 | $1,068,312 |
| Iñigo Perez OrtizSenior Vice President, Commercial and CTS | $572,812 | $554,457 | $218,269 | $92,221 | $1,437,759 |
| Andrew J. RenacciChief Legal Officer and Corporate Secretary | $351,411 | $380,508 | $103,805 | $17,500 | $853,224 |
| Jeremy J. ClemensVice President, Operations | $314,776 | $164,127 | $126,777 | $303,859 | $909,539 |
| Jeremy S. HalfordFormer Executive Vice President, Chief Operating Officer | $417,896 | $621,227 | — | $17,500 | $1,056,623 |
What changed and why
- $3MCEO total compensation decreased from $3,023,506 in 2024 to $2,042,500 in 2025.
- 50%Each NEO other than Mr. Halford was awarded 50 percent of their target short-term incentive opportunity.
- $219.8MNet loss for 2025 was $219.8 million compared to a net loss of $131.2 million in 2024.
- 6%Sales volume increased 6 percent compared to 2024 to 109.2 thousand metric tons.
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.