How Villano was paid
$1.7M 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 | Other | Total |
|---|---|---|---|---|---|
| John L. VillanoChairman of the Board, President, Chief Executive Officer and Director | $750,000 | $675,000 | $125,000 | $105,089 | $1,655,089 |
| Jeffery C. WalravenExecutive Vice President and Chief Financial Officer | $689,231 | $50,000 | $323,800 | $32,622 | $1,095,653 |
What changed and why
- $1.7M$1,655,089 was John Villano’s 2025 total compensation, down from $1,722,327 in 2024.
- $675K$675,000 was Villano’s 2025 bonus, compared with $300,000 for 2024.
- $125K$125,000 was Villano’s 2025 restricted-stock award value, down from $506,712 in 2024.
- $1.1M$1,095,653 was Jeffery Walraven’s 2025 total compensation after becoming CFO in September.
- 50%50% of base salary was the annual cash incentive target for both named executives.
- $100K$100,000 was Walraven’s 2025 target bonus, prorated from his September employment-agreement effective date.
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.