How West was paid
$9.4M 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 |
|---|---|---|---|---|---|---|
| Edward H. WestChief Executive Officer | $500,000 | $250,000 | $7,902,361 | $761,500 | $196 | $9,414,057 |
| David LyleChief Financial Officer | $425,000 | — | $1,199,997 | $420,729 | $196 | $2,045,922 |
| Garrett GafkeChief Operating Officer | $183,622 | $187,500 | $3,999,990 | $213,601 | — | $4,584,713 |
| Jason L. GrayChief Legal Officer, Chief Compliance Officer and Corporate Secretary | $400,000 | — | $849,991 | $365,520 | $11,296 | $1,626,807 |
| Michael E. DiamondSenior Vice President, Digital Banking | $375,000 | — | $999,988 | $280,688 | $10,546 | $1,666,222 |
What changed and why
- $9.4MCEO Edward H. West earned total compensation of $9,414,057 in fiscal 2025.
- None of our named executive officers received base salary increases for fiscal 2025.
- Adjusted EBITDA replaced non-GAAP operating income in our annual incentive plan to drive profitability.
- 70%Revenue weighting in the annual incentive plan decreased from 70% to 50%.
- 58%Approximately 58% of votes were cast in favor of our say-on-pay vote at the 2025 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.