How Palmer was paid
$3.2M 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 | Other | Total |
|---|---|---|---|---|---|
| Ben M. PalmerPresident and Chief Executive Officer | $618,000 | $1,388,265 | $1,155,660 | $30,150 | $3,192,075 |
| Michael L. SchmitVice President, Chief Financial Officer, Treasurer and Corporate Secretary | $350,200 | $625,919 | $458,412 | $30,150 | $1,464,681 |
| Richard A. HubbellExecutive Chairman of the Board | $515,000 | $894,170 | $963,050 | $57,960 | $2,430,180 |
What changed and why
- $3.2MCEO total compensation increased to $3,192,075 in 2025 compared to $1,854,830 in 2024.
- $1.6BRevenues increased to $1.6 billion while diluted earnings per share declined to $0.15.
- $201MThe company generated operating cash flow of approximately $201 million in 2025.
- Stock awards included both restricted stock awards and performance share units subject to TSR modifiers.
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.