How Farrell was paid
$7.5M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Stephen C. FarrellChief Executive Officer | $580,000 | — | $6,836,000 | — | $106,385 | $7,522,385 |
| Deborah AndrewsChief Financial Officer | $810,173 | — | $1,400,016 | $367,538 | $4,684 | $2,582,411 |
| Warren FoustPresident and Chief Operating Officer | $594,238 | $250,000 | $3,000,016 | $567,000 | $29,410 | $4,440,664 |
| Magda MichnaChief Development Officer | $516,819 | — | $1,800,036 | $353,025 | $25,872 | $2,695,752 |
| Nathaniel SisitskyChief Legal Officer and Corporate Secretary | $488,750 | $75,000 | $1,800,036 | $381,150 | $21,026 | $2,765,962 |
| Thomas G. FrinziFormer President and Chief Executive Officer | $167,154 | — | $1,088,761 | — | — | $1,255,915 |
| Patrick F. WilliamsFormer Chief Financial Officer | $146,070 | — | $780,871 | — | — | $926,941 |
What changed and why
- $7.5M$7,522,385 Farrell's 2025 total compensation included a $6,836,000 stock award after becoming CEO in February.
- 140%140% funded the 2025 annual cash bonus plan based on performance against pre-established targets.
- 50%50% RSUs and 50% PSUs comprised executives' 2025 annual long-term incentive awards.
- 0%2025 PSUs measure revenue growth over three years, with payouts ranging from 0% to 200% of target.
- 0%0% funded the 2024 executive annual cash bonus plan, and 2024 PSUs were forfeited.
- 97%97%+ of votes cast supported say-on-pay at the 2025 Annual Meeting.
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.