How Sorond was paid
$6.5M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Mariam SorondPresident and Chief Executive Officer and Chair of the Board of Directors | $800,000 | $999,992 | $3,906,689 | $800,000 | $17,333 | $6,524,014 |
| Timothy A. GrayChief Financial Officer | $147,239 | $1,587,073 | $1,512,746 | — | $23,557 | $3,270,615 |
| James BlackSenior Vice President, General Counsel and Secretary | $292,500 | $840,475 | $657,156 | — | $10,600 | $1,800,730 |
What changed and why
- $6.5MMariam Sorond received total compensation of $6,524,014 in 2025, up from $3,056,349 in 2024.
- $800KHer base salary was increased to $800,000 for 2025 to align with peer group compensation.
- $800KShe earned an annual performance-based cash bonus of $800,000 for 2025.
- $3.3MTimothy A. Gray joined as Chief Financial Officer in September 2025 with a total compensation of $3,270,615.
- $1.8MJames Black joined as Senior Vice President in March 2025 with a total compensation of $1,800,730.
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.