How Chalmers was paid
$2.6M 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 | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Mark S. ChalmersFormer CEO | $646,314 | $922,862 | $372,874 | $635,892 | $23,785 | $2,601,728 |
| Ross R. BhappuPresident and CEO | $224,520 | $1,458,000 | — | $220,900 | $10,271 | $1,913,691 |
| David C. FrydenlundExecutive VP and CLO | $463,920 | $552,020 | $223,038 | $375,891 | $12,750 | $1,627,619 |
| Nathan R. BennettCFO | $295,000 | $146,525 | $59,202 | $204,878 | $13,800 | $719,405 |
| Timothy J. CarstensExecutive VP, HMS | $486,580 | $570,663 | $285,331 | — | $733,914 | $2,076,488 |
What changed and why
- $2.6MMark S. Chalmers received total compensation of $2,601,728 in 2025, representing an increase from $2,445,027 in 2024.
- $1.9MRoss R. Bhappu joined as President in August 2025 and total compensation was $1,913,691.
- $23,000The CEO to median employee pay ratio was approximately 113 to 1 based on total employee median compensation of $23,000.
- $0.7MTimothy J. Carstens departed on December 31, 2025, receiving severance of $0.7 million included in other compensation.
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.