How Beck was paid
$4.8M 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 |
|---|---|---|---|---|---|---|
| Lakhbir S. LambaPresident and Chief Executive Officer | $78,356 | $150,000 | $349,973 | — | $8,923 | $587,252 |
| Robert W. BeckFormer President and Chief Executive Officer | $680,000 | — | $2,999,995 | $1,021,020 | $123,394 | $4,824,409 |
| Harpreet RanaExecutive Vice President and Chief Financial and Administrative Officer | $435,000 | — | $989,968 | $435,435 | $48,629 | $1,909,032 |
| Brian J. FisherExecutive Vice President and Chief Strategy and Development Officer | $412,000 | — | $334,991 | $412,412 | $37,905 | $1,197,308 |
| Manish ParmarExecutive Vice President and Chief Credit Risk Officer | $363,000 | — | $449,976 | $363,363 | $39,199 | $1,215,538 |
| Catherine R. AtwoodSenior Vice President, General Counsel, and Secretary | $372,000 | — | $439,982 | $372,372 | $34,880 | $1,219,234 |
What changed and why
- Lakhbir S. Lamba was appointed President and Chief Executive Officer effective November 10, 2025, succeeding Robert W. Beck.
- $4.8MRobert W. Beck received total compensation of $4,824,409 in fiscal 2025, compared to $4,923,166 in fiscal 2024.
- Long-term incentive awards for named executive officers were approximately one-half performance-contingent.
- 96%The say-on-pay proposal received approval from nearly 96 percent of voted shares at the prior annual meeting.
- The company revised its long-term incentive performance metrics following direct stockholder feedback.
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.