How Vadlamudi was paid
$2.2M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Koti VadlamudiPresident and Chief Executive Officer | $115,385 | $1,050,000 | $900,104 | — | $111,453 | $2,176,941 |
| Kenneth M. DodgenExecutive Vice President, Chief Financial Officer | $596,667 | — | — | $1,133,667 | $130,626 | $2,782,245 |
| John M. PerisichExecutive Vice President Chief Legal Officer | $608,489 | — | — | $1,156,128 | $86,939 | $3,023,931 |
| Jeremy KinchExecutive Vice President Chief Operating Officer | $589,000 | — | — | $1,119,100 | $63,748 | $2,771,853 |
| David L. KingFormer Interim President and Chief Executive Officer | $606,538 | $1,000,000 | $1,253,529 | — | $186,326 | $3,046,393 |
| Thomas E. McCormickFormer Executive Vice President and Chief Executive Officer | $233,104 | — | $2,601,006 | $468,025 | $8,962,618 | $12,264,753 |
What changed and why
- $274.9MNet income increased 52 percent to $274.9 million alongside record revenue of $7.6 billion in 2025.
- Total CEO compensation was temporarily inflated due to leadership transitions involving three individuals serving as CEO.
- Koti Vadlamudi was appointed President and Chief Executive Officer during fiscal 2025.
- $8.8MThomas E. McCormick received $8,800,402 in separation payments and accelerated vesting upon his departure.
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.