Tandy Leather Factory (TLF) executive compensation, 2026 proxy

Johan Hedberg, Chief Executive Officer, was paid $4.6M in 2025.

Filed
April 27, 2026
Annual meeting
June 9, 2026
Pay year
2025
Named executives
2
CEO total pay
$4.6M2025
CEO pay in equity
85%$4M in awards
Prior say-on-pay support
85%of votes cast
New CEO RSU Grant
$3,960,0001,000,000 total restricted stock units
Former CEO Stay Bonus
$310,000For remaining employed until March 31, 2025
Net Income
$9,102,000Fiscal 2025 net income

How Hedberg was paid

$4.6M 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.

Salary9%Stock awards85%All other compensation6%

Named executive officers

ExecutiveTotal
Johan HedbergChief Executive Officer$4,646,360
Janet Carrformer Chief Executive Officer$488,808

What changed and why

  • $4.6MJohan Hedberg received total compensation of $4,646,360 in 2025 upon his appointment as Chief Executive Officer.
  • $4MNew CEO compensation included initial RSU grants valued at $3,960,000 consisting of time-based and performance-based awards.
  • $489KFormer CEO Janet Carr received total compensation of $488,808 in 2025, which included a $310,000 stay bonus.
  • 85%Stockholders approved the prior say-on-pay proposal with approximately 85% support at last year's annual meeting.

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.