How Cyr was paid
$12.5M 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 |
|---|---|---|---|---|---|
| William B. CyrChief Executive Officer | $712,308 | $11,599,846 | $187,344 | $14,000 | $12,513,498 |
| Scott MorrisPresident and Co-Founder | $572,769 | $4,869,919 | $105,095 | $14,000 | $5,561,783 |
| Nicola BatyChief Operating Officer | $542,769 | $2,434,506 | $85,398 | $14,000 | $3,076,673 |
| Thembeka MachabaChief Human Resources Officer | $426,154 | $2,343,649 | $67,132 | $14,000 | $2,850,935 |
| Ivan GarciaChief Financial Officer (Interim) | $304,819 | $674,167 | $35,514 | $13,665 | $1,028,165 |
| Todd CunferChief Financial Officer (Former) | $460,577 | $824,859 | — | $14,000 | $1,299,436 |
What changed and why
- 97%Say-on-pay approval of over 97% indicated continued strong support for our executive compensation program.
- $1BNet sales surpassed $1 billion for the first time, reflecting 13% growth despite industry headwinds.
- 26.02%Annual incentives were earned at 26.02% of target due to financial performance and responsible business goals.
- The company transitioned away from front-loaded options to annual equity grants of equal PSUs and RSUs.
- Transitionary retention PSU and RSU awards were approved for certain NEOs during the equity structure change.
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.