How Jr. was paid
$12.1M 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 |
|---|---|---|---|---|---|---|
| William Andrew Hendricks, Jr.President & Chief Executive Officer | $1,300,000 | — | $8,497,991 | $2,264,330 | $15,000 | $12,077,321 |
| C. Andrew SmithExecutive Vice President & Chief Financial Officer | $680,000 | — | $2,099,943 | $1,042,290 | $17,500 | $3,839,733 |
| James M. HolcombExecutive Vice President & Chief Operating Officer | $670,000 | $750,000 | $1,998,725 | $933,600 | $17,500 | $4,369,825 |
| Seth D. WexlerExecutive Vice President, General Counsel & Secretary | $650,000 | — | $1,799,265 | $905,730 | $17,500 | $3,372,495 |
| Kenneth N. BernsExecutive Vice President & Chief Commercial Officer | $590,000 | — | $1,749,558 | $822,130 | — | $3,161,688 |
What changed and why
- $12.1MCEO total compensation was $12,077,321 for 2025, representing a slight increase from $12,051,176 in 2024.
- The company issued a portion of equity-based awards in cash-settled units to minimize dilution during lower stock prices.
- 82%Say-on-pay received 82% support at the most recent annual meeting of stockholders.
- $200MThe company delivered nearly $200 million to shareholders through share repurchases and dividends.
- The annual cash bonus plan used Operating Cash Flow and Adjusted EBITDA as primary performance metrics.
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.