How Reeder was paid
$11.5M 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 | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| David ReederPresident and Chief Executive Officer | $432,404 | $205,000 | $7,232,007 | $3,329,868 | — | $308,515 | $11,507,888 |
| Bertrand LoyExecutive Chair and Former President and Chief Executive Officer | $950,349 | — | $8,901,384 | $3,494,913 | $840,208 | $137,827 | $14,324,681 |
| Linda LaGorgaSenior Vice President and Chief Financial Officer | $584,615 | — | $1,757,224 | $689,943 | $284,970 | $57,240 | $3,373,992 |
| Susan RiceSenior Vice President, Global Human Resources and Corporate Communications | $510,962 | — | $1,260,618 | $494,859 | $248,745 | $51,648 | $2,566,832 |
| Joseph ColellaSenior Vice President, General Counsel, Chief Compliance Officer and Secretary | $520,962 | — | $1,222,417 | $479,986 | $253,575 | $51,118 | $2,528,058 |
| Daniel WoodlandSenior Vice President and President, Materials Solutions | $560,962 | — | $1,107,816 | $434,933 | $272,895 | $59,581 | $2,436,187 |
What changed and why
- David Reeder succeeded Bertrand Loy as President and Chief Executive Officer effective August 18, 2025.
- 12.7%Free cash flow margin increased to 12.7 percent of sales during fiscal year 2025.
- $300MThe company repaid approximately $300 million of debt in 2025 to strengthen its financial position.
- 77.2%Say-on-pay support dropped to 77.2 percent at the 2025 annual meeting from 91.2 percent in the prior year.
- 60%Beginning in 2026, the company increased performance share unit weighting to 60 percent for the CEO.
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.