How Smalley was paid
$10M 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 | Other | Total |
|---|---|---|---|---|---|---|
| Gary G. SmalleyCEO and President | $1,200,000 | — | $5,693,196 | $2,777,619 | $370,590 | $10,041,405 |
| Ryan J. SorokaExecutive Vice President and Chief Financial Officer | $645,208 | — | $1,280,984 | $877,500 | $26,501 | $2,830,193 |
| Ghassan M. AriqatExecutive Vice President, Building and Specialty Contractors Groups | $800,000 | $300,000 | $4,723,330 | $1,481,685 | $65,214 | $7,370,229 |
| Kristiyan D. AssouriExecutive Vice President, Chief Legal Officer and Corporate Compliance Officer | $625,000 | — | $1,280,984 | $843,750 | $39,771 | $2,789,505 |
| William E. JensenExecutive Vice President - Western Civil | $775,407 | $600,000 | $4,726,051 | $1,200,000 | $317,686 | $7,619,144 |
What changed and why
- $10MGary G. Smalley earned total compensation of $10,041,405 in his first year as CEO and President.
- The company returned to solid profitability with record revenue, operating cash flow, and backlog in 2025.
- 177%Stock price grew 177% in 2025 reflecting investor confidence in the company's turnaround and operational progress.
- The Compensation Committee broadened the use of equity awards to align employee interests with shareholders.
- Executive Chairman Ronald N. Tutor's compensation was significantly reduced following his transition from CEO.
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.