How Gratziani was paid
$7.4M 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 | Other | Total |
|---|---|---|---|---|---|---|
| Michael O. JohnsonExecutive Chairman and Former Chief Executive Officer | $944,001 | $3,999,994 | $1,999,996 | $1,371,756 | $346,896 | $8,662,643 |
| John DeSimoneChief Financial Officer | $2,031 | — | — | — | — | $2,031 |
| Stephan GratzianiChief Executive Officer and Former President | $930,385 | $2,799,996 | $1,399,998 | $1,411,650 | $842,812 | $7,384,841 |
| Frank LambertiChief Commercial Officer | $630,769 | $849,990 | $424,996 | $554,820 | $21,720 | $2,482,295 |
| Henry WangChief Legal Officer and Corporate Secretary | $636,346 | $699,993 | $349,997 | $565,020 | $18,528 | $2,269,884 |
| Robert LevyPresident | $624,923 | $576,706 | $288,353 | $572,914 | $30,662 | $2,093,558 |
What changed and why
- $7.4MStephan Gratziani served as Chief Executive Officer with total compensation of $7,384,841 in fiscal 2025.
- Performance share units returned as a key component of the executive compensation program in 2025.
- 51.5%Shareholders expressed support for the executive compensation program with approximately 51.5% of votes cast in favor.
- The compensation program places strong emphasis on actions that create long-term sustainable growth for shareholders.
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.