How Osborn was paid
$351,663 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 |
|---|---|---|---|---|---|
| James W. BernauPresident | $340,195 | — | — | $91,107 | $431,302 |
| John FerryChief Financial Officer | $211,371 | — | $24,000 | $9,415 | $244,786 |
| Michael OsbornChief Executive Officer | $272,163 | $79,500 | — | — | $351,663 |
What changed and why
- $352K$351,663 was CEO Michael Osborn’s 2025 total compensation, including a $79,500 stock award.
- $431K$431,302 was President James Bernau’s 2025 total compensation, including $91,107 in other compensation.
- $30,097$30,097 was Bernau’s 2024 bonus; his 2025 bonus was a dash.
- $425K$425,000 is Osborn’s annualized base salary through December 31, 2026 under his employment agreement.
- 5%5% of pretax income above $3,500,000 is Osborn’s target incentive bonus, capped at 25% of base salary.
- $12200,000 performance restricted stock units may vest based on share-price targets from $12 to $25.
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.