How Svoboda was paid
$9.5M 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 | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Frank M. SvobodaCo-Chairman and Chief Executive Officer | $900,000 | $3,996,587 | $2,014,802 | $1,724,310 | $728,437 | $89,799 | $9,453,935 |
| J. Matthew DardenCo-Chairman and Chief Executive Officer | $900,000 | $3,996,587 | $2,014,802 | $1,724,310 | $331,208 | $98,957 | $9,065,864 |
| Thomas P. KalmbachExecutive Vice President and Chief Financial Officer | $684,131 | $1,615,812 | $666,664 | $645,000 | $526,009 | $47,163 | $4,184,779 |
| Michael C. MajorsExecutive Vice President and Chief Strategy Officer | $534,846 | $1,234,160 | $510,976 | $400,000 | $1,025,735 | $17,571 | $3,723,288 |
| R. Brian MitchellExecutive Vice President, General Counsel and Chief Risk Officer | $557,669 | $1,186,373 | $487,024 | $425,000 | $958,590 | $39,847 | $3,654,503 |
| Robert E. HensleyExecutive Vice President and Chief Investment Officer | $554,654 | $1,196,568 | $495,008 | $435,000 | $254,110 | $24,859 | $2,960,199 |
What changed and why
- $9.5MFrank M. Svoboda received total compensation of $9,453,935 for fiscal 2025, representing an increase over his prior year total.
- $9.1MJ. Matthew Darden served as Co-CEO alongside Frank M. Svoboda, earning total compensation of $9,065,864 for fiscal 2025.
- 92%Shareholders demonstrated strong support for executive compensation at the 2025 annual meeting with 92% approval on say-on-pay.
- 150%Annual incentive compensation payouts were capped at a maximum of 150% of each Named Executive Officer target opportunity.
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.