Based on our performance for 2025, both quantitative and qualitative as discussed above, Mr. Fachner received a 2025 non-equity incentive payment of $834,300, eighty-one percent (81%) of the target amount. The Compensation Committee was particularly focused on rewarding Mr. Fachner for his strong leadership of the Company and continuing to prioritize and drive the right strategic initiatives in furtherance of the Company’s long-term success.
On November 19, 2024, Mr. Fachner was granted 6,228 time-vesting restricted stock units and 6,228 performance-vesting restricted stock units. The time-vesting restricted stock units vest in equal one-third annual installments over a three-year service period. The performance-vesting restricted stock units vest at the target level based on our achievement of $448,569,000 in cumulative adjusted EBITDA over a two-year performance period, provided Mr. Fachner remains employed for an additional year thereafter. Our Compensation Committee believes that the combination of these grants will have a retentive influence over Mr. Fachner and, at the same time, incentivize him to achieve our goals.
Chief Financial Officer
Mr. Munsell was paid base salary at a rate of $500,000 per annum for the fiscal year 2025. Based on our performance for 2025, both quantitative and qualitative as discussed above, Mr. Munsell received a 2025 non-equity incentive payment of $253,125, eighty-one percent (81%) of the target amount.
On December 2, 2024, Mr. Munsell was granted 1,151 time-vesting restricted stock units and 1,151 performance-vesting restricted stock units. The time-vesting restricted stock units vest in equal one-third annual installments over a three-year service period. The performance-vesting restricted stock units vest at the target level based on our achievement of $448,569,000 in cumulative adjusted EBITDA over a two-year performance period, provided Mr. Munsell remains employed for an additional year thereafter. Our Compensation Committee believes that the combination of these grants will have a retentive influence over Mr. Munsell and, at the same time, incentivize him to achieve our goals.
Senior Vice President, General Counsel & Secretary
Mr. Pollner was paid base salary at a rate of $385,082 per annum for the first few months of fiscal year 2025, and $396,635 per annum for the remainder of the fiscal year beginning in January 2025. Based on our performance for 2025, both quantitative and qualitative as discussed above, Mr. Pollner received a 2025 non-equity incentive payment of $160,637, eighty-one percent (81%) of the target amount.
On November 19, 2024, Mr. Pollner was granted 840 time-vesting restricted stock units and 839 performance-vesting restricted stock units. The time-vesting restricted stock units vest in equal one-third annual installments over a three-year service period. The performance-vesting restricted stock units vest at the target level based on our achievement of $448,569,000 in cumulative adjusted EBITDA over a two-year performance period, provided Mr. Pollner remains employed for an additional year thereafter. Our Compensation Committee believes that the combination of these grants will have a retentive influence over Mr. Pollner and, at the same time, incentivize him to achieve our goals.
Executive Vice President – Operations
Mr. Every was paid base salary at a rate of $346,104 per annum for the first few months of fiscal year 2025, and $363,409 per annum for the remainder of the fiscal year beginning in January 2025. Based on our performance for 2025, both quantitative and qualitative as discussed above, Mr. Every received a 2024 non-equity incentive payment of $147,181, eighty-one percent (81%) of the target amount.
On November 19, 2024, Mr. Every was granted 769 time-vesting restricted stock units and 769 performance-vesting restricted stock units. The time-vesting restricted stock units vest in equal one-third annual installments over a three-year service period. The performance-vesting restricted stock units vest at the target level based on our achievement of $448,569,000 in cumulative adjusted EBITDA over a two-year performance period, provided Mr. Every remains employed for an additional year thereafter. Our Compensation Committee believes that the combination of these grants will have a retentive influence over Mr. Every and, at the same time, incentivize him to achieve our goals.
