How III was paid
$1.7M 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 | Other | Total |
|---|---|---|---|---|---|
| Richard F. ("Gordy") Bunch IIIChief Executive Officer and Chairman | $700,000 | $1,000,000 | — | $40,224 | $1,740,224 |
| Katherine C. NolanPresident | $400,000 | $400,000 | $251,600 | $30,787 | $1,082,387 |
| Janice E. ZwinggiChief Financial Officer | $400,000 | $400,000 | $251,600 | $18,415 | $1,070,015 |
What changed and why
- $1.7MCEO total compensation decreased to $1,740,224 in 2025 from $3,037,387 in 2024.
- 125.8%Annual short-term incentive awards paid out at 125.8% of target based on Adjusted EBITDA and Organic Revenue performance.
- 50%Long-term incentives consisted of 50% performance stock units and 50% restricted stock units.
- 0%CEO base salary remained unchanged at $700,000 with a target bonus of 0% to emphasize equity.
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.