How Jr. was paid
$10M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| John M. Turner, Jr.Chairman, President and Chief Executive Officer | $1,190,385 | — | $4,223,579 | $4,313,096 | — | $310,369 | $10,037,428 |
| David J. Turner, Jr.Chief Financial Officer | $725,192 | — | $1,154,901 | $1,573,238 | $170,573 | $122,167 | $3,746,071 |
| C. Dandridge MasseyChief Enterprise Operations and Technology Officer | $663,077 | $500,000 | $989,890 | $1,339,158 | — | $129,593 | $3,621,718 |
| David R. KeenanChief Administrative Officer | $645,192 | — | $989,890 | $1,226,047 | $981,407 | $100,488 | $3,943,024 |
| Russell K. ZusiChief Risk Officer | $650,000 | — | $989,890 | $973,245 | — | $130,102 | $2,743,237 |
What changed and why
- 67%67% of our CEO's target 2025 compensation is linked to performance and heavily weighted toward shareholder interests.
- 111%Corporate performance compared to 2025 goals resulted in the achievement of 111% of target annual incentive expectations.
- 65%For the three-year performance period ending December 31, 2025, the 2023-2025 long-term incentive awards will pay out at 65% of target.
- $500KMr. Massey received a special one-time retention bonus of $500,000 and a base salary increase to support stability.
- 94.8%In our 2025 Say-on-Pay vote, 94.8% of votes were cast in favor of our executive compensation program.
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.