How Bagan was paid
$3.4M in total for fiscal 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 |
|---|---|---|---|---|---|---|---|
| Sean BaganPresident & Chief Executive Officer and Chief Financial Officer | $713,461 | $230,810 | $692,972 | $705,015 | $987,000 | $54,093 | $3,383,351 |
| Jeremy EvansExecutive Vice President, Chief Financial Officer | $269,656 | $75,000 | $38,729 | $39,371 | $160,592 | $21,000 | $604,348 |
| Marc GreenbergExecutive Vice President, General Counsel & Secretary | $407,692 | $100,000 | $216,255 | $219,998 | $333,600 | $54,093 | $1,331,638 |
| Matteo ArduiniPresident, Hydraulics EMEA Fluid Conveyance Technology | $394,852 | — | $198,612 | $202,060 | $324,568 | $106,173 | $1,226,265 |
| Rick MartichPresident, Hydraulics Motion Control Technology | $305,769 | $100,000 | $162,192 | $164,994 | $252,000 | $21,000 | $1,005,955 |
| Michael ConnawayFormer Executive Vice President, Chief Financial Officer | $112,115 | $150,000 | $367,770 | — | — | $576,572 | $1,206,457 |
What changed and why
- $3.4M$3,383,351 CEO total compensation in 2025, compared with $1,582,738 in 2024.
- $2.3M$2,279,256 was the CEO’s equity-award value assuming the highest performance conditions.
- January 2025: Sean Bagan became President and CEO; Jeremy Evans became CFO in November 2025.
- 99%99% of votes cast supported say-on-pay at the 2025 annual meeting, excluding abstentions and broker non-votes.
- $49,55568:1 was the CEO-to-median-employee pay ratio, based on median compensation of $49,555.
- $577K$576,572 of Michael Connaway’s other compensation reflected separation benefits after his November 2025 departure.
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.