How Lucey was paid
$7.9M 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 | Bonus | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Matthew C. LuceyPresident and Chief Executive Officer | $1,250,000 | $312,500 | $5,767,000 | — | $431,397 | $126,123 | $7,887,020 | $7,887,020 |
| Joseph MarinoSVP-Chief Financial Officer | $406,250 | $101,563 | $2,487,427 | — | $96,241 | $34,246 | $3,125,727 | $3,125,727 |
| T. Paul DavisSVP-Supply, Trading and Optimization | $632,500 | $158,125 | $2,487,427 | — | $268,436 | $73,259 | $3,619,747 | $3,619,747 |
| Trecia M. CantySVP-General Counsel | $632,500 | $158,125 | $2,487,427 | — | $217,562 | $73,259 | $3,550,861 | $3,550,861 |
| Thomas O’ConnorFormer SVP-Commodity Risk & Strategy | $632,500 | $158,125 | $2,487,427 | — | $228,964 | $77,759 | $3,584,775 | $3,584,775 |
| Karen B. DavisFormer SVP-Chief Financial Officer | $495,000 | — | $186,403 | $68,621 | $750,024 | — | $0 | $3,890,608 |
What changed and why
- $8.8MCEO total compensation decreased from $8,837,500 in 2024 to $7,887,020 in 2025.
- No cash bonus was paid to executives under the Cash Incentive Plan for the second consecutive year.
- 89.8%Stockholders approved the previous year compensation with approximately 89.8% of the vote.
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.