How O’Herlihy was paid
$15.2M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Christopher A. O’HerlihyPresident & Chief Executive Officer | $1,337,271 | $5,249,957 | $5,249,996 | $2,702,389 | $255,793 | $415,605 | $15,211,011 |
| Michael M. LarsenSenior Vice President and Chief Financial Officer | $977,860 | $2,074,946 | $2,074,967 | $1,994,062 | — | $238,666 | $7,360,501 |
| Axel R.J. BeckExecutive Vice President | $665,769 | $774,846 | $774,973 | $924,742 | $53,263 | $32,716 | $3,226,309 |
| T. Kenneth EscoeExecutive Vice President | $567,570 | $749,810 | $749,999 | $808,698 | — | $151,652 | $3,027,729 |
| Mary K. LawlerSenior Vice President and Chief Human Resources Officer | $671,685 | $899,771 | $899,985 | $893,373 | — | $146,940 | $3,511,754 |
What changed and why
- $15.2MCEO total compensation increased to $15,211,011 in 2025 from $10,932,645 in 2024.
- The Compensation Committee eliminated the cash portion of performance awards in 2025, making them solely payable in stock-settled PSUs.
- CBI Yield was introduced as a new performance metric in the 2025-2027 PSU awards.
- $16BRevenue of $16 billion was achieved with an operating margin of 26.3 percent.
- 29.3%After-tax ROIC reached a best-in-class level of 29.3 percent in 2025.
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.