How Fries was paid
$37.7M 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 |
|---|---|---|---|---|---|
| Michael T. FriesChief Executive Officer & President | $3,000,000 | $18,042,057 | $13,000,000 | $3,675,889 | $37,717,946 |
| Charles H.R. BrackenEVP & Chief Financial Officer | $1,292,490 | $7,345,402 | $4,000,000 | $213,332 | $12,851,224 |
| Bryan H. HallEVP & General Counsel | $1,251,000 | $5,056,004 | $2,750,000 | — | $9,397,537 |
| Enrique RodriguezEVP & Chief Technology Officer | $1,197,000 | $11,213,478 | — | — | $12,789,089 |
| Andrea SalvatoEVP & Chief Development Officer | $1,064,559 | $6,951,724 | $3,500,000 | $139,445 | $11,655,728 |
What changed and why
- $37.7MCEO total compensation decreased to $37,717,946 for fiscal 2025 compared to $45,693,754 in the prior year.
- $3MCEO base salary remained unchanged at $3,000,000 for fiscal 2025.
- $13MNon-equity incentive compensation for the CEO was $13,000,000.
- $18MStock awards granted to the CEO totaled $18,042,057.
- $3MAll other compensation for the CEO included $3,000,000 in international support and $642,080 for personal aircraft use.
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.