How Ledbetter was paid
$1.5M 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 | Other | Total |
|---|---|---|---|---|
| Terry LedbetterExecutive Chairman | $389,015 | $975,000 | $4,231 | $1,368,246 |
| Luke LedbetterChief Executive Officer | $568,561 | $950,000 | $7,780 | $1,526,341 |
| Patrick HaveronPresident & Chief Financial Officer | $568,561 | $950,000 | $13,431 | $1,531,992 |
What changed and why
- $1.5MChief Executive Officer Luke Ledbetter received total compensation of $1,526,341 for fiscal 2025.
- The company did not grant equity awards to named executive officers during fiscal 2025.
- Annual bonuses for 2025 were discretionary and determined by the Compensation Committee based on performance.
- Initial post-IPO equity grants were scheduled for 2026 in connection with 2025 performance.
- Employment agreements provide severance benefits including base salary continuation and pro-rata bonuses upon certain terminations.
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.