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 a total compensation of $12,295,167 for 2025, representing an increase from the prior year total of $8,511,945.
- 131%Named Executive Officer annual bonuses paid out at 131% of target based on strong performance on HSE and strategic positioning.
- The CEO promotional grant originally awarded in 2018 was amended to extend the expiration date to October 2030.
- Special retention long-term incentive awards were granted to two NEOs to drive key initiatives and support long-term succession planning.
- 50%Long-term equity incentive awards are structured as 50% time-based and 50% performance-based metrics over a cumulative three-year period.
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.