How Chen was paid
$7.8M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Liren ChenPresident and Chief Executive Officer | $750,384 | — | $3,999,999 | $1,333,333 | $1,691,000 | $72,841 | $7,847,557 |
| Richard J. BrezskiChief Financial Officer and Treasurer | $468,269 | — | $2,100,000 | — | $634,125 | $37,343 | $3,239,737 |
| Julia C. MattisChief Licensing Officer | $376,064 | $50,000 | $1,875,000 | — | $427,200 | $13,746 | $2,742,010 |
| Rajesh PankajChief Technology Officer | $490,000 | — | $2,250,000 | — | $654,150 | $21,027 | $3,415,177 |
| Joshua D. SchmidtChief Legal Officer and Corporate Secretary | $424,230 | — | $1,500,000 | — | $574,050 | $34,217 | $2,532,497 |
| Eeva K. HakorantaChief Licensing Officer | $250,739 | — | $2,100,000 | — | $326,640 | $1,478,484 | $4,155,863 |
What changed and why
- $7.8MLiren Chen received total compensation of $7,847,557 in fiscal 2025 compared to $7,257,868 in fiscal 2024.
- 5xThe Human Capital Committee increased the CEO target stock ownership level from 5x to 6x base salary.
- The 2025 Long Term Compensation Program performance equity is based on average pro forma EBITDA over three years.
- 96%Shareholder support for the advisory say-on-pay vote at the 2025 annual meeting was approximately 96%.
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.