How Sabel was paid
$39.1M 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 | Other | Total |
|---|---|---|---|---|
| Michael SabelChief Executive Officer, Executive Co-Chairman and Founder | $7,432,392 | $28,000,000 | $3,672,514 | $39,104,905 |
| Jonathan ThayerChief Financial Officer | $1,500,000 | $7,562,500 | $21,060 | $9,083,560 |
| Robert PenderExecutive Co-Chairman and Founder | $3,432,392 | $9,000,000 | $51,484 | $12,483,876 |
| Thomas EarlChief Commercial Officer | $1,500,000 | $7,587,500 | $36,000 | $9,123,500 |
| Keith LarsonGeneral Counsel and Secretary | $1,500,000 | $7,062,500 | $21,060 | $8,583,560 |
What changed and why
- 8%CEO total compensation increased by approximately 8% to $39,104,905 in fiscal year 2025.
- Base salaries for named executive officers remained unchanged from their 2024 levels.
- Performance bonuses included annual performance bonuses and project milestone bonuses.
- $2.7MPerquisites for the CEO included $2,710,254 for personal security and $941,200 for corporate aircraft use.
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.