How Kelly was paid
$6.7M 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 | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Liam J. KellyFormer President and Chief Executive Officer | $1,144,400 | $143,050 | $2,005,604 | $2,886,518 | $227,280 | — | $325,566 | $6,732,419 |
| John R. DerenExecutive Vice President and Chief Financial Officer | $548,916 | $144,590 | $526,442 | $757,730 | $59,972 | $3,011 | $71,122 | $2,111,783 |
| Cameron P. HicksCorporate Vice President and Chief Human Resources Officer | $436,300 | $110,541 | $279,728 | $402,604 | $48,524 | — | $68,677 | $1,346,374 |
| James P. WintersCorporate Vice President, Manufacturing and Supply Chain | $529,040 | $137,033 | $372,997 | $536,819 | $58,838 | — | $87,683 | $1,722,410 |
| Daniel V. LogueCorporate Vice President, General Counsel and Secretary | $453,375 | $131,736 | $372,997 | $536,819 | $50,423 | $142 | $59,354 | $1,604,846 |
| Thomas E. PowellFormer Executive Vice President and Chief Financial Officer | $171,855 | — | $278,558 | $525,992 | — | $1,493 | $437,781 | $1,415,679 |
| Jay K. WhiteFormer Corporate Vice President and President, Global Commercial | $324,629 | $20,452 | $372,997 | $536,819 | $36,104 | $823 | $696,899 | $1,988,723 |
What changed and why
- $6.7MLiam J. Kelly received total compensation of $6,732,419 in fiscal 2025, down from $9,204,397 in fiscal 2024.
- Liam J. Kelly departed as President and Chief Executive Officer effective January 7, 2026.
- Thomas E. Powell retired as Executive Vice President and Chief Financial Officer on April 1, 2025.
- Jay K. White departed as Corporate Vice President and President, Global Commercial on July 1, 2025.
- The ratio of the CEO annual total compensation to the median employee annual total compensation was 131 to 1.
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.