How Gunderman was paid
$9.2M 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 |
|---|---|---|---|---|---|---|
| Kenneth A. GundermanPresident & CEO | $725,000 | — | $6,294,837 | $2,158,514 | $16,322 | $9,194,673 |
| Paul BullingtonSr. EVP, CFO & Treasurer | $453,200 | — | $2,523,299 | $599,687 | $15,113 | $3,591,299 |
| John HarrobinSr. EVP & President of Kinetic | $475,962 | $5,600,000 | $4,908,833 | $1,984,841 | $45,185 | $13,014,821 |
| Daniel L. HeardSr. EVP, General Counsel & Secretary | $424,360 | — | $1,548,650 | $575,604 | $15,029 | $2,563,643 |
| Michael FrilouxSr. EVP & Chief Technology Officer | $344,793 | — | $1,492,319 | $456,239 | $16,323 | $2,309,674 |
What changed and why
- $9.2MCEO total compensation decreased to $9,194,673 in 2025 from $11,274,640 in 2024.
- 132%Short-term cash incentive payouts were awarded at 132% of target based on 2025 performance.
- $5.6MJohn Harrobin received a one-time sign-on bonus of $5,600,000 upon joining the company.
- Equity compensation included restricted stock and performance-based restricted stock units under the 2015 Plan.
- The total number of company employees as of December 31, 2025 was 8,632.
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.