How Fernandez was paid
$1.6M 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 | Total |
|---|---|---|---|---|
| Ted A. FernandezChairman, Chief Executive Officer | $900,000 | $334,688 | $393,750 | $1,628,438 |
| David N. DunganVice Chairman, Chief Operating Officer | $630,000 | $175,711 | $220,500 | $1,026,211 |
| Robert A. RamirezExecutive Vice President Finance and Chief Financial Officer | $400,000 | $120,000 | $87,500 | $607,500 |
What changed and why
- $1.6MCEO total compensation decreased to $1,628,438 in fiscal 2025 from $15,933,536 in fiscal 2024.
- Performance-based incentive compensation was determined based on the achievement of annual adjusted diluted net earnings per share targets.
- Stock awards for fiscal 2025 included performance-based restricted stock units granted in February 2026.
- $394KNon-equity incentive compensation for the CEO was $393,750 based on fiscal 2025 performance.
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.