Latch (LTCH) executive compensation, 2026 proxy

David Lillis, Chief Executive Officer, was paid $976,340 in 2025.

Filed
April 30, 2026
Annual meeting
June 10, 2026
Pay year
2025
Named executives
7
CEO total pay
$976,3402025
CEO Salary
$450,685Prorated salary for fiscal year 2025
CEO Bonus
$270,411Cash leadership compensation program
CEO Non-Equity Incentive
$255,2442025 Performance Bonus Program
CFO Total Compensation
$609,206Jeff Mayfield total for 2025
Chief Strategy & Legal Officer Total
$806,420Priyen Patel total for 2025

How Lillis was paid

$976,340 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.

Salary46%Bonus28%Non-equity incentive26%

Named executive officers

ExecutiveTotal
David LillisChief Executive Officer$976,340
Jeff MayfieldChief Financial Officer$609,206
Priyen PatelChief Strategy & Legal Officer$806,420
Jamie SiminoffFormer Chief Strategy Officer—
Jason MituraFormer Chief Product Officer—
Jason KeyesFormer Interim Chief Executive Officer$4,450
Marc LandyFormer Interim Chief Financial Officer$40,608

What changed and why

  • $976KDavid Lillis received total compensation of $976,340 for fiscal year 2025 as Chief Executive Officer.
  • Named executive officers participated in a cash-based leadership compensation program providing additional semi-monthly cash payments.
  • The 2025 Performance Bonus Program provided quarterly bonus payouts based on financial and operational performance metrics.
  • 50%The annual target bonus for each employee named executive officer was set at 50% of base salary.
  • Messrs.
  • Keyes and Landy provided interim executive officer services through AlixPartners with hourly billing rates.

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.