How Penegor was paid
$8.4M 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 |
|---|---|---|---|---|---|---|
| Todd A. PenegorPresident and Chief Executive Officer | $1,000,000 | $250,000 | $5,300,026 | $1,585,500 | $307,427 | $8,442,953 |
| Ravi ThanawalaChief Financial Officer & President, North America | $677,885 | — | $1,599,984 | $558,736 | $14,000 | $2,850,605 |
| Kevin VasconiChief Digital & Technology Officer | $550,000 | — | $799,992 | $436,013 | $14,000 | $1,800,005 |
| Caroline Miller OylerChief Administrative Officer, Corporate Secretary | $553,270 | — | $729,956 | $438,604 | $14,000 | $1,735,830 |
| Joseph SieveFormer Chief Restaurant & Global Development Officer | $482,404 | — | $725,006 | $381,947 | $14,000 | $1,603,357 |
What changed and why
- $8.4MTodd Penegor received total compensation of $8,442,953 in his first full year as CEO.
- 105.7%Management incentive plan payouts averaged 105.7% of target based on adjusted EBITDA and sales goals.
- $2.1BTotal revenues were approximately $2.1 billion, remaining flat compared to the previous fiscal year.
- Prior performance-based units from 2023 yielded no vesting due to bottom quartile TSR ranking.
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.