How Pfeifer was paid
$12.9M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|
| John C. PfeiferPresident and Chief Executive Officer | $1,243,847 | $10,000,031 | $1,314,864 | — | $377,253 | $12,935,995 |
| Matthew A. FieldExecutive Vice President and Chief Financial Officer | $700,000 | $1,750,271 | $443,583 | — | $190,126 | $3,083,980 |
| Michael E. PackExecutive Vice President and President, Vocational Segment | $720,731 | $1,750,271 | $843,241 | $230 | $107,123 | $3,421,596 |
| Mahesh NarangExecutive Vice President and President, Access Segment | $746,472 | $1,950,216 | $130,625 | — | $103,093 | $2,930,406 |
| Ignacio A. CortinaExecutive Vice President and Chief Legal & Administrative Officer and Secretary | $660,188 | $1,650,219 | $372,172 | — | $106,973 | $2,789,552 |
What changed and why
- $12.9MJohn C. Pfeifer received total compensation of $12,935,995 in 2025, reflecting an increase from the prior year.
- 92.8%Shareholders strongly supported executive compensation with 92.8% of votes cast in favor at the 2025 annual meeting.
- The company utilized consolidated and segment adjusted operating income and free cash flow conversion for annual cash incentives.
- Relative total shareholder return and relative ROIC were maintained as performance measures for long-term incentive performance share awards.
- Sustainability measures were discontinued from the long-term incentive plan for 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.