How Handler was paid
$28.4M in total for fiscal 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Richard B. HandlerChief Executive Officer | $1,000,000 | $10,000,000 | $17,206,243 | $8,768 | $232,009 | $28,447,020 |
| Brian P. FriedmanPresident | $1,000,000 | $10,000,000 | $17,206,243 | — | $454,618 | $28,660,861 |
| Joseph S. SteinbergChairman of the Board | $810,693 | — | — | — | $502,339 | $1,313,032 |
| Michael J. SharpExecutive Vice President and General Counsel | $1,000,000 | $4,000,000 | $4,803,960 | — | $5,875 | $9,809,835 |
| Matthew S. LarsonExecutive Vice President and Chief Financial Officer | $1,000,000 | $3,000,000 | $4,803,960 | — | $5,750 | $8,809,710 |
What changed and why
- $28.4M$28,447,020 was CEO Richard Handler’s total compensation in 2025, compared with $22,622,248 in 2024.
- $17.2M$17,206,243 was the 2025 stock-award value for both the CEO and President.
- $12.9M$12,904,683 was the maximum payout grant-date value of each CEO and President PSU award.
- 10%10% ROTE over three years was the target performance threshold for the CEO and President’s performance-based RSUs.
- 7.5%7.5% ROTE was the threshold performance level, while 15% ROTE was the maximum level for those RSUs.
- 89%89% of votes supported the company’s say-on-pay proposal in the prior year.
About this page
The figures were read out of the DEF 14A proxy statement on EDGAR by a language model and every number was then checked against the filing text; a figure that could not be found there is left out rather than shown. Totals follow SEC rules, which value stock and option awards at grant. Read the filing for footnotes and the compensation committee's full reasoning.