How Stedham was paid
$312,094 in total for 2024, 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 | Other | Total |
|---|---|---|---|---|
| Adam StedhamChief Executive Officer and President | $285,000 | $12,844 | $14,250 | $312,094 |
| Fred G Volk, IIIVP of Operations, PeriShip Global | $190,000 | $81,763 | $9,327 | $281,090 |
| Nancy MeyersCFO | $171,000 | $7,706 | $8,550 | $187,256 |
| Paul RyanFormer EVP, Authentication Segment | $210,266 | — | $6,308 | $216,574 |
| Curt KoleFormer EVP, Precision Logistics; EVP Global Sales and Strategy, PeriShip Global | $230,000 | — | $5,854 | $235,854 |
What changed and why
- $312K$312,094 was Adam Stedham's 2024 total compensation, compared with $1,145,819 in 2023.
- 10%10% salary reductions for Stedham and Meyers were exchanged for restricted stock units through December 31, 2025.
- 50%50% was Stedham's annual bonus potential, based on adjusted EBITDA performance goals.
- $106K$105,750 was the maximum performance value of Fred Volk's 2024 performance-based restricted stock units.
- July 7, 2025 marked Nancy Meyers's retirement as Executive Vice President and Chief Financial Officer.
- December 8, 2024 marked Paul Ryan's employment termination following the Trust Codes Global Limited divestiture.
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.