How Sullivan was paid
$4.4M 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 |
|---|---|---|---|---|---|---|
| Keith J. SullivanPresident and Chief Executive Officer | $728,000 | — | $3,208,750 | $412,776 | $15,538 | $4,365,064 |
| Steven E. PfanstielExecutive Vice President, Chief Financial Officer, and Treasurer | $221,818 | $27,945 | $2,036,749 | $45,271 | — | $2,331,784 |
| Stephen FurlongExecutive Vice President, Chief Financial Officer, and Treasurer | $281,867 | — | $936,600 | — | — | $1,218,467 |
| W. Andrew MacanExecutive Vice President, Chief Legal Officer, and Corporate Secretary | $463,500 | $69,525 | $1,461,974 | $93,859 | $25,661 | $2,114,519 |
What changed and why
- $4.4MCEO total compensation increased to $4,365,064 in fiscal 2025 primarily due to larger stock awards.
- 98.11%Stockholders approved the previous say-on-pay proposal with 98.11% of the votes cast.
- Annual cash incentives for executives were tied to corporate revenue and EBIT objectives alongside individual goals.
- 81%The company achieved $149,157,000 in revenue for 2025, resulting in an 81% payout for the revenue metric.
- The company did not meet threshold levels for the EBIT metric, resulting in no payout for EBIT.
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.