How Hewitt was paid
$3.1M 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 | Stock | Other | Total |
|---|---|---|---|---|
| John R. HewittChief Executive Officer | $800,000 | $2,236,270 | $33,189 | $3,069,459 |
| Kevin S. CavanahChief Financial Officer | $493,269 | $731,501 | $24,512 | $1,249,282 |
| Shawn P. PaynePresident—Engineering & Construction | $459,868 | $482,898 | $20,209 | $962,975 |
| Douglas J. MontalbanoPresident—Matrix North American Construction | $388,769 | $418,007 | $17,417 | $824,193 |
| Nancy E. AustinChief Administrative Officer | $389,423 | $412,499 | $21,096 | $823,018 |
| Alan R. UpdykeFormer Chief Operating Officer | $459,161 | $1,202,629 | $897,707 | $2,559,497 |
| Glyn A. RodgersFormer President—Matrix PDM Engineering | $349,560 | $663,417 | $637,415 | $1,650,392 |
What changed and why
- $3.1M$3,069,459 CEO total compensation declined from $4,097,287 in 2024.
- $2.2M$2,236,270 in CEO stock awards comprised the largest component of 2025 reported pay.
- $0$0 was paid under the annual/short-term incentive compensation plan for fiscal 2025.
- $795K$795,375 in severance was paid to former COO Alan R. Updyke after his April 30 separation.
- $603K$602,550 in severance was paid to former President Glyn A. Rodgers after his April 30 separation.
- 0%Three-year relative total shareholder return against peer companies determines performance-unit vesting from 0% to 200%.
Other Matrix Service proxy statements
- 2026 proxy statement
John R. Hewitt paid $6.7M (+120% on the year), pay ratio 57:1.
Filed Sep 23, 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.