How Taylor was paid
$3.8M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| John ("Jack") A. TaylorPresident and Chief Executive Officer | $1,000,000 | — | $2,166,741 | $576,500 | $13,800 | $3,757,041 |
| Blake JohnsonVice President, Chief Financial Officer and Treasurer | $500,000 | $35,000 | $240,746 | $216,188 | $13,800 | $1,005,733 |
| Stephen AlpartVice President and Chief Investment Officer | $630,000 | — | $1,155,596 | $272,396 | $13,800 | $2,071,792 |
| Micheal KarberVice President, General Counsel and Secretary | $420,000 | — | $621,129 | $181,598 | $13,800 | $1,236,526 |
| Peter MorralVice President and Chief Development Officer | $600,000 | — | $914,845 | $259,425 | $10,500 | $1,784,770 |
What changed and why
- $3.8MCEO total compensation decreased to $3,757,041 in 2025 compared to $4,545,594 in 2024.
- The compensation committee committed to not granting off-cycle, time-based equity awards in the future.
- The size of equity awards granted to executives decreased significantly compared to the prior year.
- 69%Previous say-on-pay support received approximately 69% approval from votes cast at the 2025 annual meeting.
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.