How Rademacher was paid
$9.3M 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 |
|---|---|---|---|---|---|
| John C. RademacherPresident and Chief Executive Officer | $1,000,000 | $6,500,050 | $1,665,000 | $101,280 | $9,266,330 |
| Meenal A. SethnaChief Financial Officer | $165,096 | $1,500,025 | $148,735 | — | $1,813,856 |
| Luke WhitworthChief Operating Officer | $625,000 | $2,500,059 | $668,250 | $15,033 | $3,808,342 |
| Collin G. SmyserGeneral Counsel and Corporate Secretary | $500,000 | $1,200,049 | $445,500 | $31,820 | $2,177,369 |
| Christopher L. GrashoffChief Growth Officer | $407,781 | $1,075,001 | $331,036 | $45,849 | $1,859,667 |
| Michael ShapiroFormer Chief Financial Officer | $521,992 | $2,500,059 | $469,793 | $14,000 | $3,505,843 |
What changed and why
- $9.3MCEO total compensation increased to $9,266,330 in fiscal 2025 from $8,222,800 in fiscal 2024.
- 88%Approximately 88% of target CEO compensation was tied to corporate performance and long-term stockholder value creation.
- 90%Annual cash incentive payouts ranged from 90% to 119% of target based on financial and individual performance.
- 98%Stockholders overwhelmingly approved say-on-pay at the 2025 Annual Meeting with approximately 98% support.
- Meenal A. Sethna was appointed Chief Financial Officer effective October 1, 2025.
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.