How Rapino was paid
$32.6M 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 RapinoPresident, Chief Executive Officer and Director | $3,000,000 | $10,000,368 | $17,372,522 | $2,179,434 | $32,552,324 |
| Joe BerchtoldPresident and Chief Financial Officer | $2,000,000 | — | $4,087,652 | $92,401 | $6,180,053 |
| Brian CapoChief Accounting Officer | $475,000 | $467,422 | $237,500 | — | $1,179,922 |
| John HopmansExecutive Vice President | $1,500,000 | — | $1,500,000 | $12,416 | $3,012,416 |
| Michael RowlesGeneral Counsel and Secretary | $1,100,000 | — | $1,650,000 | $32,871 | $2,782,871 |
What changed and why
- Chief executive officer total compensation was 32,552,324 dollars in fiscal year 2025.
- Revenue reached 25,200,000,000 dollars and adjusted operating income reached 2,400,000,000 dollars in 2025.
- 74%Approximately 74 percent of votes cast supported the say-on-pay proposal at the 2025 annual meeting.
- Chief executive officer pay ratio to the median employee total compensation was 976 to 1.
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.