How Banks was paid
$627,125 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 | Options | Other | Total |
|---|---|---|---|---|---|
| Robert BanksPresident and Chief Executive Officer | $362,500 | $253,750 | — | $10,875 | $627,125 |
| Judy KrandelChief Financial Officer | $144,200 | $60,564 | $117,853 | — | $322,617 |
What changed and why
- $627K$627,125: Robert Banks’ 2025 total compensation, compared with $410,172 in 2024.
- $15M$400,000: Banks’ base salary was raised effective October 1, 2025, despite the agreement’s $15 million revenue milestone not yet being achieved.
- 50%50%: Banks’ annual performance bonus target as a percentage of annualized base salary.
- 30%30%: Krandel’s annual performance bonus target, increased from 25% in a February 2025 amendment.
- $118K$117,853: Krandel’s 2025 option awards; one 2025 option grant provides for vesting upon a qualifying strategic transaction.
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.