How Heraud was paid
$986,249 in total for fiscal 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 | Other | Total |
|---|---|---|---|---|---|
| Talman PizzeyFormer Chief Executive Officer | $708,697 | — | $2,021,800 | $11,185 | $2,741,682 |
| Kristin SchultesChief Financial Officer | $453,846 | — | $1,441,500 | $499,525 | $2,394,871 |
| Benjamin HeraudChief Executive Officer | $232,692 | — | $750,005 | $3,552 | $986,249 |
| MaryJo O’BrienChief Human Resources Officer | $139,615 | — | — | $1,099 | $140,714 |
| Richard TongFormer General Counsel | $181,923 | $300,000 | — | $435,884 | $917,807 |
| Fiona SutherlandFormer General Counsel | $254,914 | $72,540 | $551,400 | $570,204 | $1,449,058 |
| Greg ConawayFormer Chief Accounting Officer | $129,101 | — | — | $172,719 | $301,820 |
What changed and why
- $2.7M$2,741,682: Pizzey’s 2025 total compensation reflected $2,021,800 in stock awards and $708,697 in salary.
- $986K$986,249: Heraud’s 2025 total compensation included a $750,005 stock award after joining in August.
- March 31, 2026: Heraud succeeded Pizzey as CEO following Pizzey’s retirement.
- $700K$700,000: Heraud’s annual CEO base salary under his March 2026 employment agreement.
- 100%100%: Heraud and Schultes had annual cash incentive target opportunities equal to base salary.
- $52,24352:1: CEO-to-median-employee pay ratio, based on median employee compensation of $52,243.
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.