How Jr. was paid
$15.6M 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 | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Calvin G. Butler Jr.President and Chief Executive Officer | $1,379,000 | — | $10,900,024 | $2,665,719 | $400,595 | $256,567 | $15,601,905 |
| Jeanne JonesExecutive Vice President and Chief Finance Officer, Audit and Risk | $749,060 | — | $2,500,033 | $1,008,831 | $180,755 | $70,701 | $4,509,381 |
| Michael InnocenzoExecutive Vice President, Chief Operating Officer | $735,375 | $2,750,050 | $948,234 | $305,795 | — | $51,159 | $4,790,614 |
| Colette HonorableExecutive Vice President, Chief Legal Officer, Compliance and Corporate Secretary | $668,375 | $1,700,025 | $726,893 | — | — | $102,848 | $3,198,141 |
| David GlocknerFormer Executive Vice President, Compliance, Audit and Risk | $681,727 | $1,420,031 | $732,772 | — | — | $110,473 | $2,945,003 |
What changed and why
- $15.6MCEO total compensation increased to $15,601,905 in 2025 from $14,662,925 in 2024.
- 89.8%Shareholders showed strong support with an 89.8% say-on-pay approval vote.
- Annual incentives utilized adjusted operating EPS and operational metrics.
- Long-term incentive plans incorporated TSR, ROE, EPS, and debt metrics.
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.