How Riddle was paid
$5.1M 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 |
|---|---|---|---|---|---|
| Joel RiddleFormer Managing Director and Chief Executive Officer | $485,850 | $4,137,000 | $417,948 | $64,797 | $5,105,595 |
| Eric DyerChief Financial Officer | $368,356 | $1,861,650 | $226,383 | $58,475 | $2,514,864 |
| Faron ThibodeauxChief Operating Officer | $419,602 | $2,275,350 | $254,700 | $136,607 | $3,086,259 |
What changed and why
- 80%80% of target bonuses paid based on corporate-goal achievement under the short-term incentive plan.
- $4.1M$4,137,000 in CEO stock awards represented the largest 2025 compensation component.
- 400,000 shares were granted to the CEO, split equally between time-vesting and performance stock units.
- Top-quartile total shareholder return relative to the US Small Cap Index determines performance-unit vesting.
- July 27, 2025 termination triggered severance, accelerated vesting, and a Commercial Discovery Bonus for Joel Riddle.
- January 1, 2025 salary increases raised Riddle’s and Dyer’s annualized base salaries.
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.