How McCormick was paid
$3.6M 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.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Robert J. McCormickChairman, President and Chief Executive Officer | $1,014,000 | $975,022 | $912,600 | $25,858 | $719,371 | $3,646,851 |
| Michael M. OzimekExecutive Vice President and Chief Financial Officer | $431,600 | $300,025 | $323,700 | $1,927 | $545,758 | $1,603,010 |
| Robert M. LeonardExecutive Vice President and Chief Operating Officer | $525,200 | $400,020 | $393,900 | $15,798 | $512,209 | $1,847,127 |
| Kevin M. CurleyExecutive Vice President and Chief Banking Officer | $416,000 | $300,025 | $312,000 | $16,051 | $525,892 | $1,569,968 |
| Michael HallGeneral Counsel and Corporate Secretary | $265,000 | $250,008 | $198,750 | — | $38,208 | $751,966 |
What changed and why
- $61.1MNet income increased to $61.1 million compared to $48.8 million in the prior year.
- $3.6MCEO total compensation increased to $3,646,851 from $2,853,652 in 2024.
- 4%Base salaries for named executive officers were increased between 4% and 5% for 2025.
- All short-term incentive metrics achieved superior performance triggering maximum payouts.
- 78%Shareholders representing 78% of outstanding shares supported the say-on-pay vote.
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.