How Riggs was paid
$34.2M 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 | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| R. Lane RiggsChairman, Chief Executive Officer and President | $1,720,000 | $15,760,536 | $5,482,810 | $10,839,917 | $425,260 | $34,228,523 |
| Jason W. FraserRetired EVP and Chief Financial Officer | $988,490 | $5,897,165 | $1,969,369 | $2,278,894 | $132,963 | $11,266,881 |
| Gary K. SimmonsEVP and Chief Operating Officer | $988,490 | $5,989,147 | $2,166,306 | $3,375,999 | $166,930 | $12,686,872 |
| Richard J. WalshEVP and General Counsel | $816,200 | $3,309,268 | $1,626,116 | $2,035,184 | $140,212 | $7,926,980 |
| Eric A. FisherSVP Product Supply, Trading and Wholesale | $740,540 | $2,771,963 | $1,254,072 | $1,335,475 | $142,676 | $6,244,726 |
What changed and why
- $34.2MCEO total compensation increased to $34,228,523 in 2025 from $22,412,292 in 2024.
- $15.8MStock awards for the CEO rose to $15,760,536 due to FASB calculations and grant modifications.
- $5.5MNon-equity incentive plan compensation for the CEO increased to $5,482,810.
- $10.8MChange in pension value for the CEO grew to $10,839,917 reflecting actuarial assumptions.
- No stock options were granted to named executive officers in 2025.
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.