How Chiang was paid
$12.3M 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 |
|---|---|---|---|---|---|
| Willie ChiangChairman, Chief Executive Officer and President | $887,500 | $8,435,827 | $2,950,000 | $21,840 | $12,295,167 |
| Al SwansonExecutive Vice President and Chief Financial Officer | $565,000 | $1,444,984 | $1,125,000 | $21,840 | $3,156,824 |
| Richard McGeeExecutive Vice President, General Counsel and Secretary | $580,000 | $1,495,429 | $1,160,000 | $21,840 | $3,257,269 |
| Chris ChandlerExecutive Vice President and Chief Operating Officer | $618,750 | $7,187,300 | $1,230,000 | $21,840 | $9,057,890 |
| Jeremy GoebelExecutive Vice President and Chief Commercial Officer | $618,750 | $9,746,168 | $1,230,000 | $21,840 | $11,616,758 |
What changed and why
- $12.3MWillie Chiang received total compensation of $12,295,167 in 2025, compared to $8,511,945 in 2024.
- Annual base salaries for all NEOs were increased effective April 1, 2025.
- 131%Named Executive Officer bonuses paid out at 131% of target based on performance.
- 92%Approximately 92% of our CEO's compensation and 84% of other NEOs' compensation was at-risk.
- The CEO's promotional grant expiration date was extended to support retention and strategic execution.
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.