How Walters was paid
$2.9M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Eric W. ThornburgFormer President, Chief Executive Officer and Chairman of the Board | $461,572 | $1,783,435 | — | $806,463 | $13,800 | $3,065,270 |
| Andrew F. WaltersChief Executive Officer and Chairman of the Board | $619,308 | $1,690,019 | $427,660 | $25,540 | $110,415 | $2,872,942 |
| Ann P. KellyChief Financial Officer and Treasurer | $451,230 | $351,834 | $191,329 | $55,812 | $25,000 | $1,075,205 |
| Bruce A. HaukPresident and Chief Operating Officer | $543,598 | $471,538 | $264,935 | $97,061 | $14,000 | $1,391,132 |
| Kristen A. JohnsonPresident of Shared Services, Senior Vice President and Chief Administrative Officer | $543,809 | $395,349 | $211,681 | $569,962 | $18,122 | $1,738,923 |
| Willie BrownVice President and General Counsel | $460,000 | $286,655 | $166,367 | $128,088 | $39,000 | $1,080,110 |
What changed and why
- Andrew F. Walters became Chief Executive Officer and Chairman in July 2025 following Eric W. Thornburg's retirement.
- $2.9MAndrew F. Walters received total compensation of $2,872,942 for fiscal year 2025.
- $3.1MFormer CEO Eric W. Thornburg received total compensation of $3,065,270 for his partial year of service.
- $801MOperating revenue reached $801M for the full year 2025 alongside $501M in capital investments.
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.