How Seraphin was paid
$9.5M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Luc SeraphinChief Executive Officer | $726,250 | $7,898,072 | $869,652 | $13,572 | $9,507,546 |
| Desmond LynchSenior Vice President, Finance, and Chief Financial Officer | $453,750 | $2,053,416 | $340,170 | $11,652 | $2,858,988 |
| Sean FanExecutive Vice President, Chief Operating Officer | $541,250 | $5,403,964 | $429,896 | $15,572 | $6,390,682 |
| John ShinnSenior Vice President, Secretary and General Counsel | $417,500 | $972,623 | $207,060 | $13,572 | $1,610,755 |
What changed and why
- $9.5MChief executive officer total compensation increased to $9,507,546 in 2025 compared to $7,168,732 in 2024.
- 92%Approximately 92% of the chief executive officer total target compensation was subject to performance in 2025.
- 98.6%Corporate incentive plan pool was funded at 98.6% based on pro-forma operating income performance.
- 97%Stockholders approved the prior say-on-pay proposal by approximately 97% of votes cast.
- $348MAnnual product revenue grew to $348 million, representing a 41% increase over 2024.
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.