How Gray was paid
$830,833 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 | Other | Total |
|---|---|---|---|---|
| Kit GrayPresident | $375,000 | $428,195 | $27,638 | $830,833 |
| Ryan CarhartCFO, Treasurer and Secretary | — | — | — | — |
| Sue McNamaraCRO | $325,000 | $158,375 | $15,358 | $498,733 |
| Aaron Sullivanformer CFO | — | — | — | — |
What changed and why
- $831K$830,833 was Kit Gray’s 2025 total compensation, up from $683,480 in 2024.
- $428K$428,195 of Gray’s 2025 compensation was stock awards, compared with $282,750 in 2024.
- $499K$498,733 was Sue McNamara’s 2025 total compensation, including $158,375 in stock awards.
- February 19, 2025 marked Ryan Carhart’s CFO appointment and Aaron Sullivan’s resignation from all company positions.
- 100%100% of Gray’s average annualized base salary is his target performance bonus under the new employment agreement.
- 700,000 Company restricted stock units were granted to Gray under the employment agreement effective June 1, 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.