How Karanikolas was paid
$484,573 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Mike KaranikolasCo-Chief Executive Officer | $450,000 | — | — | — | $34,573 | $484,573 |
| Michael MenteCo-Chief Executive Officer | $450,000 | — | — | — | $19,623 | $469,623 |
| Jesse TimmermansChief Financial Officer | $487,822 | $100,000 | $749,998 | $337,500 | $34,573 | $1,709,893 |
What changed and why
- $485KMike Karanikolas received total compensation of $484,573 for fiscal 2025, representing a slight increase from the prior year.
- 100%Annual bonuses for executive officers were based on Net Sales Growth and Adjusted EBITDA Growth and were paid 100% in fully vested restricted stock units.
- $750KJesse Timmermans was granted a time-based stock option award valued at $749,998 that vests over a five-year period.
- 99%Stockholders showed overwhelming support for executive compensation with approximately 99% of the votes cast approving the say-on-pay proposal.
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.