How Kelly was paid
$5.5M 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 | Other | Total |
|---|---|---|---|---|---|
| W. Matthew KellyChief Executive Officer | $750,000 | $1,260,000 | $3,499,994 | $11,867 | $5,521,861 |
| M. Moina BanerjeeChief Financial Officer | $550,000 | $924,000 | $787,491 | $11,867 | $2,273,358 |
| George L. XandersChief Investment Officer | $500,000 | $840,000 | $799,998 | $11,867 | $2,151,865 |
| Evan Regan-LevineChief Strategy Officer | $400,000 | $672,000 | $374,991 | $11,855 | $1,458,846 |
| Steven A. MuselesChief Legal Officer | $400,000 | $672,000 | $597,492 | $11,864 | $1,681,356 |
What changed and why
- $5.5MCEO total compensation decreased to $5,521,861 in 2025 from $9,179,792 in 2024.
- 10%General and administrative expenses were reduced by approximately 10% in 2025.
- 80%Shareholders approved the previous say-on-pay proposal with 80% support.
- New Share Price Performance LTIPs were added to more directly align with shareholders.
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.