How Burns was paid
$12M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Thomas W. BurnsChairman and Chief Executive Officer | $850,000 | — | $7,649,947 | $3,527,497 | — | $6,643 | $12,034,087 |
| Joseph E. GilliamPresident and Chief Operating Officer | $584,850 | $6,500,013 | — | $689,006 | $11,750 | $7,785,619 | $7,785,619 |
| Alex R. ThurmanSenior Vice President and Chief Financial Officer | $486,200 | — | $2,435,481 | — | $15,750 | $2,937,431 | $2,937,431 |
| Tomas NavratilSenior Vice President and Chief Development Officer | $499,400 | $2,399,930 | — | $504,290 | $11,750 | $3,415,370 | $3,415,370 |
What changed and why
- $12MThomas W. Burns received total compensation of $12,034,087 in 2025, representing an increase from $9,030,345 in 2024.
- 100%Mr. Burns elected to receive 100% of his 2025 bonus in the form of stock options rather than cash.
- $3MJoseph E. Gilliam received a special equity award valued at $3,000,002 tied to financial targets.
- 97.7%Stockholders approved the prior say-on-pay proposal with 97.7% of the votes cast.
- The CEO to median employee pay ratio was determined to be 67.4 to 1.
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.