How Armstrong was paid
$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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Mac ArmstrongChief Executive Officer and Chairman of the Board | $1,243,269 | $3,862,330 | $3,843,298 | $12,250 | $8,961,148 |
| Chris UchidaChief Financial Officer | $589,927 | $1,310,932 | $1,040,106 | $12,250 | $2,953,215 |
| Jon ChristiansonPresident | $556,035 | $1,206,697 | $980,370 | $15,015 | $2,758,117 |
| Jon KnutzenChief Risk Officer | $493,789 | $968,509 | $782,715 | $12,250 | $2,257,263 |
| Rodolphe HervéChief Operating Officer | $445,435 | $688,898 | $548,516 | $14,245 | $1,697,093 |
What changed and why
- $9MCEO total compensation increased to $8,961,148 in 2025 compared to $5,469,403 in 2024.
- 92%More than 92% of votes cast supported the 2025 say-on-pay proposal.
- Annual incentive plan payouts were based on pre-tax adjusted net income and MBO metrics.
- Long-term equity awards included RSUs and performance-based stock units.
- The CEO to median employee pay ratio was 65 to 1.
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.