How Hedigan was paid
$8.2M 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 |
|---|---|---|---|---|---|
| Daniel HediganPresident and Chief Executive Officer | $650,000 | $4,736,511 | $2,850,000 | $10,886 | $8,247,397 |
| Michael AlvaradoChief Operating Officer and Chief Legal Officer | $600,000 | $3,366,635 | $2,280,000 | $24,093 | $6,270,728 |
| Greg McWilliamsChief Policy Officer | $530,000 | $1,068,032 | $1,450,625 | $10,886 | $3,059,543 |
| Kim ToblerChief Financial Officer and Treasurer | $500,000 | $2,391,472 | $1,595,000 | $11,040 | $4,497,512 |
What changed and why
- $8.2MCEO Daniel Hedigan received total compensation of $8,247,397 in 2025, representing an increase from prior years.
- Stock awards for executive officers included time-based RSUs and market-based PSUs valued using Monte Carlo models.
- $2.9MNon-equity incentive plan compensation for the CEO was set at $2,850,000 based on performance.
- $187KThe CEO to median employee pay ratio was calculated as 44.2 to 1 based on an employee median pay of $186,580.
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.