How Blaser was paid
$11.3M 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 | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Brian J. BlaserPresident and CEO | $1,000,000 | — | $8,965,822 | — | $1,274,500 | $15,460 | $11,255,782 |
| Joseph M. BuskyCFO | $680,000 | $1,150,999 | $2,714,831 | — | $795,328 | $14,462 | $5,355,620 |
| Michelle A. HodgesFormer CLO | $625,000 | $533,025 | $1,121,526 | $575,702 | $637,250 | $15,567 | $3,508,070 |
| Philip D. McLellanCOO | $515,000 | $100,000 | $639,439 | $359,801 | $393,821 | $13,931 | $2,021,992 |
| Jonathan P. SiegristEVP of R&D and CTO | $575,000 | $250,000 | $319,698 | $179,925 | $452,640 | $13,833 | $1,791,096 |
What changed and why
- $11.3MBrian J. Blaser received total compensation of $11,255,782 for fiscal 2025, representing a decrease from the prior year total of $15,044,937.
- $73,316The CEO pay ratio was estimated to be 154 to 1 compared to the median employee total compensation of $73,316.
- Executive compensation programs incorporate annual cash incentive plans and long-term equity awards tied to performance metrics.
- $1.2MJoseph M. Busky received a supplemental cash bonus of $1,150,999 in recognition of contributions to cost-savings efforts.
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.