How Boldea was paid
$15M 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 | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Lucian BoldeaPresident & CEO | $366,667 | $1,500,000 | $12,004,071 | $1,124,145 | — | $50,768 | $15,045,651 |
| Michael A. DiscenzaVice President, Chief Financial Officer | $392,181 | — | $348,841 | $182,607 | $11,376 | $65,979 | $1,000,984 |
| Christopher A. CoughlinExecutive Vice President | $675,000 | — | $1,788,554 | $441,483 | $0 | $237,393 | $3,142,430 |
| Andreas RoellgenExecutive Vice President and President Engineered Bearings | $641,891 | — | $1,270,550 | $415,919 | $167,316 | $117,974 | $2,613,650 |
| Hansal N. PatelExecutive Vice President, General Counsel & Secretary | $591,667 | — | $1,086,299 | $338,606 | $13,251 | $127,295 | $2,157,118 |
| Richard G. KyleFormer President & CEO | $854,545 | — | $11,824,924 | $106,283 | $661,987 | $511,813 | $13,959,552 |
| Tarak B. MehtaFormer President & CEO | $282,917 | — | $5,765,022 | — | $1,202 | $6,487,533 | $12,536,674 |
| Philip D. FracassaFormer Executive Vice President and Chief Financial Officer | $467,974 | — | $1,825,815 | — | $1,545,325 | $178,591 | $4,017,705 |
What changed and why
- Lucian Boldea was appointed President and CEO effective September 1, 2025.
- $4.6BTotal revenue reached approximately $4.6 billion, up slightly from 2024.
- $288MNet income for the year was $288 million.
- Annual cash incentive plan payouts were below target due to performance targets not being met.
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.