How III was paid
$1.2M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| John D. Baker IIIChief Executive Officer starting May 8, 2024 | $411,000 | $31,500 | $350,000 | $378,120 | $10,680 | $1,181,300 |
| David H. deVilliers IIIChief Operating Officer | $411,000 | $392,000 | — | $378,120 | $49,093 | $1,230,213 |
| Matthew C. McNultyChief Financial Officer starting May 31, 2024 | $305,000 | $385,750 | — | $168,360 | $13,404 | $872,514 |
What changed and why
- $1.2MCEO total compensation decreased to $1,181,300 in 2025 from $1,197,005 in 2024.
- $355KBase salary for the CEO increased from $355,100 in 2024 to $411,000 in 2025.
- $378KNon-equity incentive compensation for the CEO was $378,120 in 2025 compared to $443,875 in 2024.
- $350KOption awards for the CEO remained constant at $350,000 for both 2024 and 2025.
- $31,500Stock awards for the CEO were $31,500 in 2025 compared to $37,500 in 2024.
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.