How Ballhaus was paid
$10.2M 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 |
|---|---|---|---|---|---|
| William L. BallhausChairman, President and Chief Executive Officer | $974,115 | $7,553,696 | $1,669,134 | $33,000 | $10,229,945 |
| David E. FarnsworthEVP and Chief Financial Officer | $459,865 | $3,088,461 | $577,150 | $33,105 | $4,158,581 |
| Stuart H. KupinskyEVP, Chief Legal Officer and Corporate Secretary | $459,865 | $1,512,816 | $524,682 | $38,297 | $2,535,660 |
| Steven V. RatnerEVP and Chief Human Resources Officer | $447,347 | $1,420,679 | $510,400 | $32,185 | $2,410,611 |
| Charles R. Wells, IVFormer EVP and Chief Operating Officer | $373,154 | $2,560,289 | — | $29,018 | $2,962,461 |
What changed and why
- $10.2M$10,229,945 CEO total compensation in fiscal 2025 declined from $22,422,508 in fiscal 2024.
- $7.6M$7,553,696 of CEO compensation consisted of stock awards, alongside $1,669,134 in annual incentive compensation.
- $1.1M$1,071,357 one-time RSU award granted to Farnsworth followed the resignation of former COO Charles Wells.
- $2.6M$2,560,289 in Wells stock awards was reported, but his fiscal 2025 and unvested prior awards were forfeited upon resignation.
- $113K91:1 CEO pay ratio used median employee compensation of $112,956.
- 71%71% of votes cast supported fiscal 2024 say-on-pay compensation.
Other Mercury Systems proxy statements
- 2026 proxy statement
William L. Ballhaus paid $11.1M (+9% on the year), pay ratio 91:1.
Filed Sep 17, 2026
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.