How Jr. was paid
$15M in total for fiscal 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Joseph R. Nolan, Jr.Chairman, President and Chief Executive Officer | $1,432,308 | $9,020,890 | $3,000,000 | $1,482,022 | $51,948 | $14,987,168 |
| John M. MoreiraExecutive Vice President, Chief Financial Officer and Treasurer | $870,002 | $2,419,969 | $1,300,000 | $1,132,875 | $35,015 | $5,757,862 |
| Paul W. Chodak IIIExecutive Vice President and Chief Operating Officer | $870,002 | $2,191,672 | $1,016,000 | $103,200 | $36,237 | $4,217,111 |
| Gregory B. ButlerExecutive Vice President and General Counsel | $748,924 | $1,414,850 | $700,000 | $94,739 | $10,500 | $2,969,012 |
| James W. Hunt, IIIExecutive Vice President, Corporate Relations and Sustainability and Secretary | $564,078 | $1,065,557 | $750,000 | $216,123 | $42,825 | $2,638,583 |
What changed and why
- $15MCEO total compensation was $14,987,168 in 2025 compared to $13,578,154 in 2024.
- 22.7%Total shareholder return was up 22.7 percent for 2025.
- $4.76Non-GAAP earnings per share equaled $4.76, exceeding the goal by $0.05.
- 70%Annual incentive payouts were determined using a 70 percent financial and 30 percent operational weighting.
- Long-term incentives represent the majority of executive compensation opportunity.
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.