How M.B.A. was paid
$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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael Cloonan, M.B.A.President and Chief Executive Officer | $646,580 | — | $5,950,575 | $374,062 | $10,000 | $6,981,217 |
| Elena Ridloff, C.F.A.Chief Financial Officer | $506,677 | — | $2,085,765 | $254,925 | $10,000 | $2,857,367 |
| Caroline Stark Beer, M.B.A.Chief Business Officer | $158,945 | $30,000 | $5,324,783 | $71,599 | $7,569 | $5,592,896 |
What changed and why
- $7MCEO Michael Cloonan received total compensation of $6,981,217 in fiscal 2025, an increase from $3,726,785 in 2024.
- $6MThe increase was primarily driven by higher option awards of $5,950,575 and a base salary of $646,580.
- 112.5%Corporate performance objectives for the annual bonus were achieved at 112.5% of target.
- $30,000Chief Business Officer Caroline Stark Beer received a one-time sign-on bonus of $30,000.
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.