How Nierenberg was paid
$20.5M 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 |
|---|---|---|---|---|---|---|
| Michael NierenbergChairman of the Board of Directors, Chief Executive Officer and President | $1,000,000 | — | $12,000,007 | $7,440,000 | $10,896 | $20,450,903 |
| Nicola Santoro, Jr.Chief Financial Officer, Chief Accounting Officer and Treasurer | $400,000 | $1,350,000 | $1,050,006 | — | $10,896 | $2,810,902 |
| David ZeidenChief Legal Officer | $500,000 | $907,224 | $499,998 | — | $10,896 | $1,918,118 |
What changed and why
- $20.5MCEO total compensation decreased to $20,450,903 in fiscal 2025 from $21,069,074 in fiscal 2024.
- $12MStock awards for the CEO were $12,000,007 consisting of Class B Profits Units.
- $7.4MNon-equity incentive plan compensation for the CEO was $7,440,000.
- 80%Stockholders approved the prior say-on-pay proposal with approximately 80% support.
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.