How Welch was paid
$6.2M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Jamie WelchPresident and Chief Executive Officer | $276,923 | $162,500 | $5,140,841 | $487,500 | $88,479 | $6,156,243 |
| Matthew WallExecutive Vice President and Chief Operating Officer | $353,365 | $81,047 | $1,610,355 | $243,141 | $17,500 | $2,305,408 |
| Steven StellatoExecutive Vice President, Chief Administrative Officer and Chief Accounting Officer | $336,538 | $73,125 | $1,467,705 | $219,375 | $17,500 | $2,114,243 |
| Trevor HowardSenior Vice President and Chief Financial Officer | $332,308 | $65,813 | $1,227,442 | $197,438 | $17,500 | $1,840,500 |
| Lindsay EllisGeneral Counsel, Chief Compliance Officer and Corporate Secretary | $298,615 | $51,188 | $713,267 | $153,563 | $17,500 | $1,234,132 |
| R. Todd CarpenterGeneral Counsel and Chief Compliance Officer | $83,077 | — | $2,215,590 | — | $1,131,113 | $3,429,780 |
| Anne PsencikChief Strategy Officer | $216,000 | — | $1,674,108 | — | $989,825 | $2,879,933 |
What changed and why
- $6.2MCEO total compensation decreased to $6,156,243 in 2025 from $7,243,604 in 2024.
- Executive officers were permitted to elect RSUs in lieu of cash for a portion of base salary.
- Certain named executive officers elected to receive annual incentive awards in shares of Class A Common Stock rather than cash.
- $988MAdjusted EBITDA reached $988 million alongside commercial in-service of the Kings Landing Plant.
- $176MClass A Common Stock repurchases totaled $176 million during 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.