How Bergman was paid
$12M 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 | Total |
|---|---|---|---|---|---|
| Stanley M. BergmanChairman and Former Chief Executive Officer | $1,707,000 | $0 | $7,764,800 | $2,289,251 | $12,013,915 |
| Ronald N. SouthSenior Vice President, Chief Financial Officer | $640,000 | $0 | $1,500,000 | $509,166 | $2,677,296 |
| Mark E. MlotekExecutive Vice President and Chief Strategic Officer | $750,000 | $0 | $2,000,000 | $901,039 | $3,687,571 |
| Michael S. EttingerExecutive Vice President and Chief Operating Officer | $750,000 | $0 | $2,000,000 | $653,355 | $3,433,227 |
| Andrea AlbertiniChief Executive Officer, Global Distribution and Technology | $712,500 | $375,000 | $1,600,000 | $561,660 | $3,367,196 |
What changed and why
- $12MStanley M. Bergman received total compensation of $12,013,915 in fiscal 2025, compared to $11,640,272 in fiscal 2024.
- 0%Base salaries for named executive officers saw 0% increases, except for Mr. Albertini.
- The committee removed all non-financial and individual performance goals from the annual bonus plan.
- 0%PSUs granted in 2022 resulted in a 0% payout based on EPS performance.
- Frederick M. Lowery was appointed as Chief Executive Officer effective March 2, 2026.
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.