How Gray was paid
$5.8M 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 | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Brian R. GrayPresident and Chief Executive Officer (CEO) | $1,000,000 | $3,785,841 | $1,006,253 | — | $28,774 | $5,820,868 |
| Nathan W. RingVice President and Chief Financial Officer (CFO) | $545,000 | $935,426 | $342,755 | — | $83,274 | $1,906,455 |
| Trevor J. HastingsVice President and Chief Operating Officer (COO) | $545,000 | $935,426 | $342,755 | $61,030 | $94,274 | $1,978,485 |
| Karl A. LiepitzVice President, Chief Legal Officer and Secretary (CLO) | $485,000 | $832,371 | $305,021 | $3,358 | $84,251 | $1,710,001 |
| Glenn R. PladsenVice President and Chief Excellence Officer (CXO) | $425,000 | $536,385 | $267,286 | — | $71,158 | $1,299,829 |
What changed and why
- $5.8MBrian R. Gray received total compensation of $5,820,868 in 2025, reflecting a decrease from the prior year total of $6,941,573.
- $1MBase salary for the CEO was set at $1,000,000 for fiscal year 2025.
- 65%Long-term incentives were awarded in the form of 65% performance-based restricted stock units and 35% restricted stock units.
- $90,710The company achieved a CEO-to-median employee pay ratio of 64 to 1 based on median employee pay of $90,710.
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.