How Friedrichsen was paid
$4.1M 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 | Other | Total |
|---|---|---|---|---|---|
| Eric FriedrichsenChief Executive Officer and Director | $550,000 | $2,837,011 | $544,500 | $132,246 | $4,063,757 |
| Michael S. LafairFormer Executive Vice President, Chief Financial Officer | $410,000 | $917,780 | $243,540 | $17,398 | $1,588,719 |
| Richard CrumExecutive Vice President, Chief Product, Technology and Strategy Officer | $370,000 | $1,311,113 | $219,780 | $12,450 | $1,913,343 |
What changed and why
- $4.1MEric Friedrichsen received total compensation of $4,063,757 in fiscal 2025 compared to $8,651,343 in fiscal 2024.
- Base salaries for the named executive officers remained unchanged from 2024 levels.
- 99%Non-equity incentive plan payouts were based on achievement of revenue and Adjusted EBITDA targets at 99% of target.
- Long-term incentives consisted of restricted stock units and performance-based restricted stock units subject to vesting.
- Michael S. Lafair stepped down as Chief Financial Officer and entered into a transition agreement.
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.