How McKay was paid
$2.3M 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 | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Edward H. McKayPresident and CEO | $494,568 | $1,368,867 | $376,715 | $30,716 | $2,270,866 |
| Christopher E. FrenchExecutive Chairman | $638,779 | $1,784,519 | $555,061 | $29,000 | $3,007,359 |
| James J. VolkSVP-Finance and CFO | $436,048 | $868,664 | $250,015 | $29,848 | $1,584,575 |
| Richard W. MasonSVP-Eng & Ops | $351,261 | $652,894 | $157,907 | $28,473 | $1,190,535 |
| Elaine M. ChengSVP and CIO | $336,659 | $575,793 | $166,118 | $30,026 | $1,108,596 |
What changed and why
- $2.3MEdward H. McKay received total compensation of $2,270,866 for 2025 after succeeding Christopher E. French as CEO.
- 98%Shareholders approved executive compensation with 98% support at the prior annual meeting.
- The Compensation Committee maintained the core compensation design due to strong historical shareholder support.
- No named executive officers received option awards or above-market earnings on deferred compensation during 2025.
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.