How Speetzen was paid
$11.1M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael T. SpeetzenChief Executive Officer | $1,216,562 | $3,292,784 | $3,661,011 | $2,719,747 | $254,533 | $11,144,637 |
| Robert P. MackChief Financial Officer and Executive Vice President – Finance and Corporate Development | $747,027 | $1,888,793 | $1,400,011 | $1,237,077 | $126,530 | $5,399,438 |
| James P. WilliamsSenior Vice President – Chief Human Resources Officer | $584,923 | $1,241,223 | $920,013 | $774,907 | $145,400 | $3,666,466 |
| Benjamin D. DukePresident – Marine | $597,222 | $1,187,259 | $880,002 | $818,791 | $128,004 | $3,611,278 |
| Michael D. DoughertyFormer President – On Road and International | $613,669 | $863,473 | $640,002 | $1,005,190 | $109,077 | $3,231,411 |
What changed and why
- $11.1MCEO total compensation increased to $11,144,637 in fiscal 2025 from $9,026,124 in fiscal 2024.
- The Board shifted to more time-based RSUs and eliminated PRSUs to support retention.
- 72%Stockholders approved the prior say-on-pay proposal with 72 percent support.
- 10.4%The company achieved an adjusted ROIC of 10.4 percent for 2025.
- $39,984The median employee annual total compensation was $39,984.
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.