How Caravaggio was paid
$484,385 in total for 2024, 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 | Options | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Dante CaravaggioChief Executive Officer and President | $104,000 | $96,000 | $118,285 | $146,000 | $20,100 | $484,385 |
| Mitchell B. TrotterChief Financial Officer | $104,000 | $96,000 | $78,857 | $146,000 | $4,448 | $429,305 |
| David M. SmithGeneral Counsel and Secretary | $104,000 | $96,000 | $78,857 | $146,000 | $20,100 | $444,957 |
What changed and why
- $484K$484,385 was the CEO’s 2024 total compensation, compared with $10,417 in 2023.
- $118K$118,285 in option awards and $96,000 in stock awards comprised the CEO’s 2024 equity compensation.
- $146K$146,000 was reported for each NEO as nonqualified deferred compensation earnings in 2024.
- $250K$250,000 was the annual base salary specified in the executive employment agreements.
- 50,000 RSUs were issued to each NEO in March 2024, with time-based vesting over three years.
- The company reported no termination or change-in-control payments for NEOs.
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.