How Mazanderani was paid
$609,349 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Ali MazanderaniExecutive Chairman and Director | $541,667 | — | — | — | $67,682 | $609,349 |
| Dan SmithGroup Chief Financial Officer and Director | $246,886 | $911,200 | — | $251,397 | — | $1,409,483 |
| Naeem KolaGroup Chief Operating Officer and Director | $412,500 | $526,500 | — | $80,000 | $12,000 | $1,031,000 |
| Steven HeilbronHead of Mergers & Acquisitions and Corporate Development | $391,667 | — | $842,000 | $240,000 | — | $1,473,667 |
| Lincoln MaliChief Executive Officer: Southern Africa and Director | $410,709 | $526,500 | — | $230,447 | — | $1,167,656 |
What changed and why
- $609K$609,349 was CEO Ali Mazanderani’s fiscal 2025 total compensation, down from $5,709,225 in 2024.
- $9,60164:1 was the approximate CEO-to-median-employee pay ratio, based on median employee pay of $9,601.
- $911K$911,200 in stock awards went to CFO Dan Smith, while COO Naeem Kola and Lincoln Mali each received $526,500.
- $842K$842,000 in option awards went to Steven Heilbron, who also received $240,000 in incentive compensation.
- 20%20%-120% was the stated performance range for fiscal 2025 annual cash incentive awards.
- 97.5%97.5% of votes cast supported executive compensation at the previous annual meeting.
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.