How Smith 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 | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Carey A. SmithChair, President & Chief Executive Officer | $1,078,846 | $4,459,883 | $1,531,669 | $28,208 | $167,748 | $7,266,354 |
| Matthew OfilosChief Financial Officer | $584,900 | $888,717 | $563,933 | $3,570 | $62,505 | $2,103,625 |
| Michael R. KollowayChief Legal Officer & Secretary | $543,946 | $549,319 | $411,642 | $11,114 | $81,266 | $1,597,287 |
| Susan M. BalaguerChief Human Resources Officer | $481,251 | $323,142 | $365,648 | $2,200 | $62,053 | $1,234,294 |
What changed and why
- $11MCEO total compensation decreased from $11,013,860 in 2024 to $7,266,354 in 2025.
- $6.4BRevenue decreased by 6% to $6.4 billion while net income increased by 3% to $241 million.
- $609MAdjusted EBITDA increased by 1% to $609 million, achieving a record margin of 9.6%.
- The company completed three accretive acquisitions during 2025 and a fourth in January 2026.
- The ratio of CEO to median employee annual total compensation was 60 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.