How Sugarman was paid
$7.3M 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 | Other | Total |
|---|---|---|---|---|---|
| Steven A. SugarmanPresident and Chief Executive Officer of the Company; President and Chief Executive Officer of the Bank | $115,385 | $800,000 | $6,382,229 | $5,769 | $7,303,382 |
| David LoweryFormer Chief Executive Officer of the Company; former President and Chief Executive Officer of the Bank | $167,692 | — | — | $20,267 | $187,959 |
| Carlos P. SalasChief Financial Officer of the Company; Chief Financial Officer of the Bank | $156,731 | $150,000 | $1,000,000 | $2,773 | $1,309,504 |
| William Paul SimmonsExecutive Vice President and Chief Credit Officer of the Bank | $249,231 | $150,000 | $1,000,000 | $6,379 | $1,405,610 |
What changed and why
- $7.3MSteven A. Sugarman received total compensation of $7,303,382 following his appointment as Chief Executive Officer in 2025.
- Stock awards comprised the majority of the CEO total compensation for 2025.
- $188KDavid Lowery received total compensation of $187,959 before resigning as CEO in April 2025.
- $1MCarlos P. Salas and William Paul Simmons each received $1,000,000 in stock awards in 2025.
- $12,710KThe company reported a net loss of $12,710 thousand for the fiscal year ended December 2025.
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.