How Vazquez was paid
$4.3M 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 | Total |
|---|---|---|---|---|
| Raul VazquezChief Executive Officer | $716,155 | $2,862,000 | $749,700 | $4,327,855 |
| Kathleen LaytonChief Legal Officer and Corporate Secretary | $414,231 | $1,220,615 | $233,279 | $1,868,125 |
| Patrick KirschtChief Credit Officer | $503,299 | $1,653,911 | $370,224 | $2,527,434 |
What changed and why
- $4.3M$4.3 million was Raul Vazquez’s 2025 total compensation, up from $1.9 million in 2024.
- $2.9M$2.9 million of Vazquez’s compensation was stock awards, including $1.6 million in PSUs.
- $750K$749,700 was Vazquez’s annual incentive compensation for 2025.
- 156%156% was the maximum potential payout for 2025 PSU awards.
- $700K$700,000 was Vazquez’s reinstated annual salary effective March 1, 2025, later increased to $735,000.
- 12%12% was the company’s 2025 year-over-year decline in total operating expenses.
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.