Pure Cycle (PCYO) executive compensation, 2025 proxy

Mark W. Harding, President and CEO, was paid $965,016 in 2025, down 20% from $1.2M the year before.

Filed
December 4, 2025
Annual meeting
January 14, 2026
Pay year
2025
Named executives
2
CEO total pay
$965,016-20% vs prior year
CEO pay in equity
12%$114,300 in awards
Prior say-on-pay support
98%of votes cast
CEO 2025 Total Pay
$965,016Decreased from prior year
CEO Bonus
$300,000Discretionary bonus
Say-on-Pay Support
98%Prior annual meeting approval

How Harding was paid

$965,016 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.

Salary54%Bonus31%Stock awards12%All other compensation3%

Named executive officers

ExecutiveTotal
Mark W. HardingPresident and CEO$965,016
Marc S. SpezialyVice President and CFO$327,500

What changed and why

  • $965KCEO total compensation decreased to $965,016 in fiscal 2025 from $1,202,500 in fiscal 2024.
  • $300KMark W. Harding received a discretionary bonus of $300,000 for fiscal 2025.
  • $114KStock awards granted to the CEO were valued at $114,300 in fiscal 2025.
  • 98%Over 98% of votes cast approved the say-on-pay proposal at the prior annual meeting.

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.