How II was paid
$3.7M 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 | Other | Total |
|---|---|---|---|---|---|
| Donald S Swartz, IIChief Executive Officer | $145,833 | $525,000 | $2,942,416 | $120,000 | $3,733,249 |
| Jennifer GraftonChief Operating Officer | $125,000 | $225,000 | $925,568 | $90,000 | $1,365,568 |
| Joseph DwyerChief Financial Officer | $97,917 | — | $205,088 | $18,000 | $321,005 |
| Renato Aureo de Paula GonzagaStatutory Manager | — | — | — | $36,109 | $36,109 |
| João Paulo Agapito da VeigaStatutory Manager | — | — | — | $14,563 | $14,563 |
What changed and why
- $3.7M$3,733,249 was CEO Swartz's 2025 total compensation, including $2,942,416 in stock awards.
- $525K$525,000 was Swartz's 2025 bonus, approved and paid during fiscal 2026.
- $1.4M$1,365,568 was COO Grafton's 2025 total compensation, including $925,568 in stock awards.
- $321K$321,005 was CFO Dwyer's 2025 total compensation; he resigned effective February 1, 2026.
- 75%75% of base salary was Swartz's annual incentive bonus target, plus a one-time 100% base-salary bonus opportunity.
- 50%50% and 40% of base salary were the annual incentive targets for Grafton and Dwyer, respectively.
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.