How III was paid
$32.3M in total for fiscal 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Harry A. Lawton IIIPresident, Chief Executive Officer, and Director | $1,344,231 | $26,937,383 | $2,311,740 | $1,635,837 | $48,003 | $32,277,194 |
| Kurt D. BartonExecutive Vice President - Chief Financial Officer and Treasurer | $788,462 | $1,424,956 | $474,836 | $549,318 | $45,504 | $3,283,076 |
| Robert D. MillsExecutive Vice President - Chief Technology, Digital Commerce, and Strategy Officer | $741,346 | $1,049,948 | $349,880 | $454,399 | $45,194 | $2,640,767 |
| J. Seth EstepExecutive Vice President - Chief Merchandising Officer | $729,615 | $974,979 | $324,891 | $448,341 | $42,610 | $2,520,436 |
| John P. OrdusExecutive Vice President - Chief Stores Officer | $672,115 | $824,933 | $274,901 | $408,959 | $44,931 | $2,225,839 |
What changed and why
- $32.3MCEO total compensation increased to $32,277,194 in fiscal 2025 due to retention equity awards granted in November 2025.
- 89%Approximately 89% of annual target compensation for the CEO was variable and performance-based.
- $15.5BThe company achieved record sales of $15.5 billion and generated over $1 billion in earnings.
- 93.0%Stockholders approved the 2025 say-on-pay proposal with 93.0% support.
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.