How Culley was paid
$2.1M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|
| Brian M. CulleyChief Executive Officer | $691,800 | $882,970 | $518,900 | $17,500 | $2,111,170 |
| Jill A. HoweChief Financial Officer | $467,000 | $287,925 | $233,500 | $17,500 | $1,005,925 |
| George A. Samuel IIIGeneral Counsel and Corporate Secretary | $448,500 | $287,925 | $224,300 | $17,500 | $978,225 |
What changed and why
- $2.1MCEO Brian M. Culley received total compensation of $2,111,170 in 2025, representing a decrease from the prior year total of $2,534,450.
- 96%Shareholders approved executive compensation at the prior annual meeting with approximately 96% support.
- 125%The board and compensation committee determined an overall performance achievement level of 125% for 2025.
- Performance bonuses were awarded based on program progress, capital raising, budget management, and shareholder value.
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.