How Leathers was paid
$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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| Derek J. LeathersChief Executive Officer | $974,077 | $4,200,000 | $745,106 | $129,366 | $6,048,549 |
| Christopher D. WikoffEVP, Treasurer & Chief Financial Officer | $520,000 | $500,000 | $224,952 | $13,778 | $1,258,730 |
| Nathan J. MeisgeierPresident & Chief Legal Officer | $545,769 | $600,000 | $230,340 | $8,633 | $1,384,742 |
| Eric J. DowningEVP & Chief Operating Officer | $472,308 | $500,000 | $186,822 | $3,133 | $1,162,263 |
| Daragh P. MahonEVP & Chief Information Officer | $438,231 | $450,000 | $183,162 | $6,083 | $1,077,476 |
What changed and why
- $6MCEO total compensation increased to $6,048,549 in 2025 from $5,824,493 in 2024.
- 4%Base salary increases for executive officers ranged from 4% to 18% based on role.
- 125%Target cash annual incentive payout percentages remained at 125% of base salary for the CEO.
- Long-term equity incentives were split equally between restricted stock and performance stock.
- 92%Stockholders cast 92% of votes in favor of the say-on-pay resolution at the 2025 annual meeting.
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.