How Kelly 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Peter KellyChief Executive Officer | $773,000 | — | $7,494,007 | $1,932,500 | $33,627 | $10,233,134 |
| Brad HerringExecutive Vice President and Chief Financial Officer | $315,192 | $100,000 | $2,409,414 | $528,000 | $12,250 | $3,364,856 |
| Brad LakhiaFormer Executive Vice President and Chief Financial Officer | $110,577 | — | — | — | $17,860 | $128,437 |
| James CoyleExecutive Vice President and President, Marketplace | $600,000 | — | $2,248,225 | $1,200,000 | $34,960 | $4,083,185 |
| Chuck ColemanExecutive Vice President, Chief Legal Officer and Secretary | $473,116 | — | $963,522 | $709,970 | $34,070 | $2,180,678 |
| Will MitchellPresident of AFC | $418,269 | — | $642,367 | $609,172 | $32,900 | $1,702,708 |
What changed and why
- 200%Exceptional Company financial performance resulted in 2025 annual incentive program payouts at 200% of the target award amount.
- 85%Over 85% of named executive officers' total compensation opportunity was variable, at-risk pay.
- 91.4%The 2023 PRSUs vested at 91.4% based on cumulative Adjusted EBITDA and relative TSR performance.
- Stock price vesting hurdles for certain 2021 performance-based stock options were achieved in 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.