How Hyzak was paid
$8.8M 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 | Bonus | Stock | Other | Total |
|---|---|---|---|---|---|
| Dwayne L. HyzakMember of the Board and Chief Executive Officer | $759,375 | $3,750,000 | $4,283,748 | $44,559 | $8,837,682 |
| David L. MagdolPresident and Chief Investment Officer | $640,000 | $2,700,000 | $3,099,391 | $21,549 | $6,460,940 |
| Jesse E. MorrisExecutive Vice President and Chief Operating Officer | $625,000 | $2,300,000 | $2,973,388 | $20,750 | $5,919,138 |
| Jason B. BeauvaisExecutive Vice President, General Counsel and Secretary | $545,000 | $1,775,000 | $1,763,923 | $20,750 | $4,104,673 |
| Ryan R. NelsonChief Financial Officer and Treasurer | $386,250 | $550,000 | $403,174 | $15,750 | $1,355,174 |
What changed and why
- $8.8MDwayne L. Hyzak received total compensation of $8,837,682 in 2025, representing an increase from the prior year.
- The compensation program relies on base salary, annual cash bonuses, and restricted stock awards.
- Restricted stock grants generally vest ratably over three or five years from the grant date.
- 88%Stockholders approved the previous executive compensation program with 88% support at the annual meeting.
- The CEO pay ratio was approximately 37 times that of the median employee annual total compensation.
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.