How Hof was paid
$14.9M 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 |
|---|---|---|---|---|---|
| Travis D. SticeExecutive Chairman | $1,128,600 | — | $2,729,281 | $44,111 | $20,502,775 |
| Kaes Van’t HofChief Executive Officer | $1,109,500 | — | $2,676,350 | $44,111 | $14,931,423 |
| Jere W. Thompson IIIExecutive Vice President and Chief Financial Officer | $541,667 | — | $796,950 | $44,111 | $4,648,552 |
| Teresa L. DickExecutive Vice President, Chief Accounting Officer and Assistant Secretary | $545,833 | $3,110,764 | $796,950 | $44,111 | $4,497,658 |
| Daniel N. WessonExecutive Vice President and Chief Operating Officer | $691,667 | — | $1,127,000 | $44,111 | $7,682,774 |
| Matt ZmigroskyExecutive Vice President, Chief Legal and Administrative Officer and Secretary | $688,333 | — | $1,014,300 | $44,111 | $5,970,311 |
What changed and why
- Travis D. Stice transitioned from Chief Executive Officer to Executive Chairman in May 2025, while Kaes Van’t Hof succeeded him as Chief Executive Officer.
- $8.8BThe company generated $8.8 billion in operating cash flow and $5.5 billion in Free Cash Flow during 2025.
- 97%Stockholders approved the 2025 say-on-pay proposal with approximately 97% of votes cast in favor.
- Performance-based restricted stock units and annual cash incentives tied to operational and financial metrics formed the majority of executive compensation.
- Equity awards feature three-year performance periods and relative TSR performance conditions compared to peer groups.
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.