How Knutson was paid
$7.1M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| C. L. KnutsonChief Executive Officer | $825,000 | $555,500 | $4,080,011 | $1,605,123 | $14,000 | $7,079,634 |
| B. WulfsohnPresident and Chief Investment Officer | $700,000 | $422,500 | $2,250,009 | $1,033,000 | $14,000 | $4,419,509 |
| M. C. RoperSenior Vice President and Chief Financial Officer | $500,000 | $896,000 | $800,024 | — | $14,000 | $2,210,024 |
| L. R. SamuelsSenior Vice President and Chief Loan Operations Officer | $400,000 | $565,000 | $600,018 | — | $14,000 | $1,579,018 |
| H. E. SchwartzSenior Vice President and General Counsel | $475,000 | $648,000 | $750,013 | — | $14,000 | $1,887,013 |
What changed and why
- $7.1MCEO total compensation decreased to $7,079,634 in fiscal 2025 from $8,081,167 in fiscal 2024.
- 96.9%Approximately 96.9% of the votes cast approved the say-on-pay proposal at the 2025 annual meeting.
- Formulaic annual incentive cash bonuses for executive officers were based on Adjusted GAAP ROAE and Distributable Earnings ROAE.
- Performance-based restricted stock units vest based on absolute and relative total stockholder return metrics over a three-year period.
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.