How Lowenthal was paid
$9.5M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| A. G. LowenthalChairman and Director of the Company and Executive Chairman of Oppenheimer & Co. Inc. | $500,000 | — | $2,247,700 | $2,000,000 | $9,000 | $4,756,700 |
| R. S. LowenthalCEO and Director of the Company and CEO of Oppenheimer & Co. Inc. | $500,000 | — | $1,037,400 | $8,000,000 | $9,000 | $9,546,400 |
| P. AlbanoSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Fixed Income Business | $300,000 | $2,500,000 | $211,080 | — | $3,000 | $3,014,080 |
| E. HarringtonSenior Managing Director and Head of Oppenheimer & Co. Inc.’s Private Client Division | $275,000 | $1,350,000 | $259,350 | — | $3,000 | $1,887,350 |
| B. WatkinsCFO of the Company and Executive Vice President and CFO of Oppenheimer & Co. Inc. | $300,000 | $850,000 | $138,320 | — | $3,000 | $1,291,320 |
What changed and why
- R.S. Lowenthal became Chief Executive Officer effective May 6, 2025 following A.G. Lowenthal's resignation from the CEO role.
- $9.5MTotal compensation for CEO R.S. Lowenthal increased to $9,546,400 in 2025 from $8,051,800 in 2024.
- The CEO to median employee pay ratio for 2025 was reported as 48 to 1.
- $174KMedian employee annual total compensation for 2025 was calculated at $174,000.
- Stock awards represent grant date fair value determined using grant date closing prices adjusted for dividends.
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.