How Walker was paid
$2.4M 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 |
|---|---|---|---|---|---|---|---|
| Matthew H. WalkerChief Executive Officer | $513,393 | — | $1,441,679 | $396,463 | — | $4,294 | $2,355,829 |
| Robert D. VelasquezSenior Vice President | $313,300 | $35,548 | $211,722 | $136,364 | — | $13,911 | $710,845 |
| Hugh F. McMahonExecutive Vice President, Real Estate | $315,800 | — | $213,369 | $137,766 | $30,160 | $11,961 | $709,056 |
| Michael R.W. HoustonSenior Vice President, General Counsel | $308,300 | — | $208,329 | $134,350 | — | $6,539 | $657,518 |
| Gregory S. BielliChief Executive Officer | $380,301 | $300,000 | — | — | — | $770,612 | $1,450,913 |
| Allen E. LydaChief Operating Officer | $74,585 | — | — | — | — | $255,528 | $330,113 |
| Brett A. BrownExecutive Vice President | $257,805 | — | $269,400 | — | — | $101,502 | $628,707 |
What changed and why
- Matthew H. Walker served as Chief Executive Officer following Gregory S. Bielli's retirement on March 31, 2025.
- $2.4MMatthew H. Walker received total compensation of $2,355,829 for fiscal year 2025.
- 59%Shareholders approved the 2024 say-on-pay advisory vote with a 59% approval rate at the 2025 annual meeting.
- 72%Investors representing approximately 72% of shares outstanding were engaged following the 2025 annual meeting to gather feedback.
- $765KGregory S. Bielli received consulting fees of $765,000 in connection with his retirement agreement.
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.