How Jr. was paid
$9.7M 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 |
|---|---|---|---|---|---|
| Thomas J. Baltimore, Jr.President and Chief Executive Officer | $1,100,000 | $5,967,307 | $2,661,505 | — | $9,729,412 |
| Sean M. Dell’OrtoExecutive Vice President, Chief Financial Officer and Treasurer | $621,621 | $1,580,142 | $902,096 | $14,600 | $3,118,459 |
| Carl A. MayfieldExecutive Vice President, Design and Construction | $590,540 | $955,263 | $856,991 | $14,600 | $2,417,394 |
| Thomas C. MoreyExecutive Vice President and Chief Investment Officer | $621,621 | $1,264,102 | $777,772 | $18,350 | $2,681,845 |
| Nancy M. VuExecutive Vice President and General Counsel | $536,855 | $868,421 | $779,084 | $14,600 | $2,198,960 |
What changed and why
- $9.7MThomas J. Baltimore, Jr. received total compensation of $9,729,412 in fiscal year 2025.
- 131.4%Company performance objectives for the short-term incentive plan were achieved at 131.4%.
- 125%Short-term incentive payouts to named executive officers ranged from 125% to 145% of target.
- The ratio of the CEO to median employee annual total compensation was 35:1.
- 94%Average say-on-pay support over the last three years reached 94%.
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.