How III was paid
$13.3M 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 | Options | Other | Total |
|---|---|---|---|---|---|---|
| Frank J. Fertitta IIIChairman of the Board and CEO | $1,000,000 | $1,000,000 | $4,856,814 | $4,856,797 | $1,635,542 | $13,349,153 |
| Lorenzo J. FertittaVice Chairman of the Board and Vice President | $500,000 | $1,000,000 | $4,856,814 | $4,856,797 | $105,681 | $11,319,292 |
| Scott KreegerPresident | $1,250,000 | $1,562,500 | $2,812,514 | $2,812,490 | $209,780 | $8,647,284 |
| Stephen L. CooteyExecutive Vice President, Chief Financial Officer and Treasurer | $953,846 | $1,500,000 | $1,200,019 | $1,199,990 | $184,260 | $5,038,115 |
| Jeffrey T. WelchExecutive Vice President and Chief Legal Officer | $807,692 | $1,125,000 | $1,124,995 | $1,125,011 | $119,735 | $4,302,433 |
| Kord NicholsExecutive Vice President and Chief Operating Officer | $807,692 | $1,125,000 | $1,124,995 | $1,125,011 | $71,506 | $4,254,204 |
What changed and why
- $13.3MFrank J. Fertitta III received total compensation of $13,349,153 for fiscal year 2025.
- 98.69%Stockholders holding approximately 98.69% of votes cast approved the prior year say-on-pay proposal.
- The CEO to median employee pay ratio was estimated to be 283 to 1.
- Long-term incentives were delivered through a combination of time-vested stock options and restricted stock awards.
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.