Click for Takeaways: CFO Compensation & Career Trends
- Competitive C-Suite Pay: CFOs consistently earn roughly one-third of CEO pay, yet they significantly outpace most other executive roles, with the gap narrowing in the S&P 500 to 35% of CEO compensation.
- Shortening Tenure: Average CFO tenure has dropped to 4.5 years as turnover reaches record highs, driven by finance leaders moving into CEO positions or seeking higher-paying strategic roles.
- Superior Growth Rates: CFOs are outperforming CEOs in pay raises; 72% of finance chiefs saw salary increases in 2023, with total direct compensation rising 8% compared to the CEO’s 5%.
- The Path to CEO: The finance-to-CEO pipeline is stronger than ever, with 15 out of 16 internal CEO promotions in 2023 coming directly from the CFO chair.
- Sector Leaders: Entertainment and media have surged to the top of the pay charts, with elite CFOs in these sectors commanding packages over $40 million to manage complex, multi-channel revenue streams.
Who is the highest paid CFO in the United States in 2026?
Based on fiscal year 2024 compensation data (filed in 2025 proxy statements), Tesla’s CFO Vaibhav Taneja ranks as the highest paid CFO, earning $139 million in total reported compensation.
This ranking is based exclusively on publicly traded U.S. companies that disclose executive compensation through SEC filings (DEF 14A proxy statements) available via the U.S. Securities and Exchange Commission’s EDGAR database.
Private company CFOs are excluded because they are not required to publish executive pay disclosures.
Total compensation includes:
- Base salary
- Annual cash bonuses
- Stock awards
- Option awards
- Other compensation
The wide range in public company CFO compensation reflects differences in equity structures, industry growth rates, company size, and leadership transitions.
Below, we break down how executive compensation for CFOs works, rank the top paid CFOs, and analyze broader CFO compensation trends shaping the finance profession.
How Executive Compensation for CFOs Is Calculated
When evaluating top CFO salary figures, base salary alone tells only part of the story.
According to data from Compensation Advisory Partners, CFOs typically earn between 30% and 39% of CEO pay across major indices such as the S&P 500 and Russell 3000.
A typical executive compensation CFO structure includes:
1. Base Salary
For large public companies, base salary often ranges between $500,000 and $1 million. However, this typically represents a small portion of total compensation for highest paid CFOs.
2. Annual Cash Bonus
Performance-based bonuses tied to revenue growth, EBITDA targets, or strategic milestones. Bonuses can equal or exceed base salary.
3. Equity Awards (Stock & Options)
Restricted stock units (RSUs), performance stock units (PSUs), and stock options often represent the largest portion of total compensation.
For most top paid CFOs, equity accounts for 60%–85% of total reported pay.
4. Other Compensation
Includes retirement contributions, deferred compensation, and limited executive benefits.
Because equity values fluctuate with stock performance, year-to-year rankings of the highest paid CFO can vary dramatically.
For broader benchmarking of executive pay ranges, resources like Salary.com provide additional industry-level comparisons.
Top 10 Highest Paid CFOs in 2026
| Rank | CFO | Company | Industry | Total Compensation |
| 1 | Vaibhav Taneja | Tesla | Automotive / Clean Energy | $139 million |
| 2 | Anat Ashkenazi | Alphabet (Google) | Technology | $50 million |
| 3 | Jean Hu | AMD | Semiconductors | $32.8 million |
| 4 | Amy Hood | Microsoft | Technology | $29.5 million |
| 5 | Brian T. Olsavsky | Amazon | Retail | $25.7 million |
| 6 | Susan Li | Meta Platforms | Technology | $23.6 million |
| 7 | Kevan Parekh | Apple | Technology | $22.4 million* |
| 8 | Colette M. Kress | NVIDIA | Technology | $21.4 million |
| 9 | Denis P. Coleman III | Goldman Sachs | Financial Services | $21 million |
| 10 | Jason Armstrong | Comcast | Media & Telecom | $15.1 million |
*Kevan Parekh became Apple’s CFO on January 1, 2025. His $22.4M reflects compensation earned in his prior executive role during FY2024.
For additional executive compensation benchmarking data, Equilar publishes executive pay research used widely by governance analysts and financial media.
These figures illustrate the gap between the average CFO salary vs top earners, particularly when equity transition awards are involved.
Average CFO Salary in the Fortune 500 vs Top Earners
The contrast between the average CFO salary at Fortune 500 companies and the highest paid CFOs is striking.
- Median Fortune 500 CFO compensation: ~$3M–$5M
- Large S&P 500 CFOs: Often $6M–$12M
- Elite top CFO salary packages: $20M–$139M
The difference primarily comes from:
- Large one-time equity grants
- Leadership transition packages
- Long-term performance incentives
- Market capitalization scale
This disparity explains why searches for top 500 CFOs salary and average CFO salary vs top earners show such wide ranges.
In most cases, the highest compensation packages occur during:
- CFO appointments
- Retention events
- Major restructuring or M&A cycles
CFO Pay by Industry
Industry plays a major role in determining public company CFO compensation.
Technology & Semiconductors
Tech companies dominate the highest paid CFOs list. Alphabet, Microsoft, Apple, AMD, NVIDIA, and Meta all appear in the top 10.
Why?
- Equity-heavy compensation structures
- High market capitalization
- Rapid growth and innovation cycles
- Large-scale capital allocation complexity
Financial Services
Goldman Sachs’ CFO ranks ninth at $21M. Financial institutions often reward risk management and regulatory expertise heavily.
Retail & Consumer
Amazon and Comcast demonstrate that large consumer-facing enterprises also generate eight-figure CFO packages.
Industry Observations
Industries with:
- Strong equity appreciation
- Large global footprints
- Heavy capital allocation demands
…tend to produce the highest paid CFOs.
CFO Compensation Trends (2020–2026)
Several major CFO compensation trends have emerged:
1. Equity Dominance
Stock awards now represent the majority of total compensation for most top CFOs.
2. Transition Awards
New CFO appointments often trigger large upfront equity grants, temporarily elevating reported compensation.
3. Strategic Role Expansion
Modern CFOs oversee:
- Capital markets strategy
- Digital finance transformation
- AI-driven forecasting
- Enterprise risk management
4. AI & Finance Transformation
Boards increasingly reward CFOs leading AI adoption, advanced financial modeling, and digital reporting initiatives.
Understanding AI in finance and AI in FP&A is becoming critical to long-term compensation growth.
CFO Pay vs Company Size
Company size is one of the strongest predictors of top CFO salary.
Factors influencing pay include:
- Revenue scale
- Market capitalization
- Regulatory complexity
- Global operations
- M&A activity
For example:
- Tesla and Alphabet operate at trillion-dollar valuations.
- Larger equity grants at high market caps translate into massive reported compensation.
At smaller public firms, CFO compensation typically remains in the low single-digit millions.
The role complexity, not just accounting responsibilities, drives higher compensation.
How CFOs Scale Financial Operations
The highest paid CFO is rarely compensated solely for overseeing financial statements.
Elite CFOs:
- Lead long-term financial forecasting methods
- Oversee cash flow forecasting software
- Manage capital allocation strategy
- Drive digital transformation
- Implement advanced financial modeling tools
Modern CFOs increasingly rely on:
- AI-powered forecasting
- Real-time financial dashboards
- Automated reporting
- Advanced scenario planning
If you’re exploring what is financial forecasting or improving your budgeting and forecasting process, these capabilities are foundational.
Scale Finance Like the Highest Paid CFOs
As anyone in finance can tell you, high-performing CFOs manage far more than reporting cycles.
They build forecasting capabilities that allow leadership teams to make capital allocation decisions with confidence. They oversee liquidity planning, long-term investment modeling, and enterprise risk visibility.
As companies scale, financial complexity and risk do too. Often, CFO salary scales alongside these factors.
CFOs who command the highest compensation often lead digital finance transformation initiatives. They integrate advanced financial modeling, scenario planning, and cash flow forecasting software into daily decision-making processes.
For finance leaders seeking to strengthen forecasting accuracy and operational insight, understanding what tools enable that visibility is the next logical step.
Despite earning less than CEOs on average, CFOs are seeing their compensation grow at a faster rate. In 2023, 72% of CFOs received salary increases compared to only 50% of CEOs, according to Compensation Advisory Partners. Among those who received increases, CFOs saw a median bump of 5.0% versus 4.0% for CEOs. Total direct compensation increased 8% for CFOs compared to 5% for CEOs, driven primarily by higher long-term incentive awards.
This trend reflects the expanding role of CFOs beyond traditional finance into strategic planning, risk management, and operational oversight, making them increasingly valuable to organizations and more competitive in the talent market.
The CFO role has become the primary pipeline to the CEO position. Among all internal CEO promotions analyzed in 2023, 15 out of 16 were former CFOs, according to data compiled by Datarails. This reflects the broadening scope of the CFO position, which now encompasses strategic planning, investor relations, technology oversight, and operational management in addition to traditional financial stewardship.
Explore how Datarails supports financial modeling, scenario planning, and real-time financial visibility.
Full list of top paid CFOs below.
| Company | CFO | Salary ($) | Bonus ($) | Value ($) Stock Awards | Total Compensation | YoY Change (%) | Industry |
|---|---|---|---|---|---|---|---|
| LIVE NATION ENTERTAINMENT | Joe Berchtold | $1,300,000 | $6,000,000 | $42,401,504 | $52,356,095 | 27.7 | Movies & Entertainment |
| COMCAST CORP | Michael J. Cavanagh | $2,300,000 | $0 | $9,974,568 | $40,481,722 | 62.4 | Cable & Satellite |
| WALMART INC | John David Rainey | $700,000 | $5,000,000 | $32,651,678 | $39,725,601 | Not CFO previous year | Consumer Staples Merchandise Retail |
| APPLE INC | Luca Maestri | $1,000,000 | $0 | $22,132,015 | $27,151,798 | 0.7 | Technology Hardware, Storage & Peripherals |
| MICROSOFT CORP | Amy E. Hood | $1,000,000 | $0 | $21,681,666 | $26,319,581 | 12.2 | Systems Software |
| ALPHABET INC | Ruth M. Porat | $1,000,000 | $0 | $22,663,723 | $24,453,769 | 66.8 | Interactive Media & Services |
| PFIZER INC | David M. Denton | $833,333 | $5,000,000 | $4,000,012 | $24,444,158 | Not CFO previous year | Pharmaceuticals |
| MATCH GROUP INC | Gary Swidler | $675,000 | $2,000,000 | $20,992,633 | $23,677,633 | 786 | Interactive Media & Services |
| GOLDMAN SACHS GROUP INC | Denis P. Coleman, III | $1,850,000 | $6,060,000 | $14,500,517 | $23,568,553 | Not CFO previous year | Investment Banking & Brokerage |
| DILLARDS INC -CL A | William T. Dillard, II | $1,120,000 | $0 | $719,028 | $22,596,130 | -39.8 | Broadline Retail |
| CALIX INC | Michael Weening | $515,227 | $675,000 | $0 | $22,278,030 | 48.5 | Communications Equipment |
| AMC NETWORKS INC | Christina Spade | $1,247,945 | $0 | $7,412,144 | $21,357,041 | 204.9 | Broadcasting |
| INTEL CORP | David A. Zinsner | $790,600 | $2,000,000 | $16,560,600 | $20,326,600 | Not CFO previous year | Semiconductors |
| DISNEY (WALT) CO | Christine Mary McCarthy | $1,980,000 | $0 | $8,935,794 | $20,235,669 | 4.5 | Movies & Entertainment |
| ESTEE LAUDER COMPANIES INC | Tracey Thomas Travis | $1,150,000 | $0 | $14,883,692 | $20,136,630 | -1.3 | Personal Care Products |
| META PLATFORMS INC | David M. Wehner | $893,846 | $712,284 | $18,510,451 | $20,130,081 | -93.4 | Interactive Media & Services |
| EXXON MOBIL CORP | Kathryn A. Mikells | $1,100,000 | $4,376,000 | $13,744,160 | $20,013,825 | 40.9 | Integrated Oil & Gas |
| AMAZON.COM INC | Brian T. Olsavsky | $313,750 | $0 | $17,861,193 | $18,181,043 | 11040.4 | Broadline Retail |
| CORNERSTNE BULDNG BRNDS INC | Jeffrey S. Lee | $600,000 | $1,778,321 | $0 | $18,133,064 | 483.2 | Building Products |
| ZOOMINFO TECHNO INC | Peter Cameron Hyzer, CFA | $552,750 | $0 | $17,200,052 | $17,936,399 | -77.8 | Interactive Media & Services |
| NETFLIX INC | Spencer Adam Neumann | $7,000,000 | $0 | $0 | $17,061,489 | 16.8 | Movies & Entertainment |
| KEURIG DR PEPPER INC | Ozan Dokmecioglu | $847,692 | $0 | $15,795,752 | $16,663,492 | 382.6 | Soft Drinks & Non-alcoholic Beverages |
| FIDELITY NATIONAL INFO SVCS | James W. Woodall | $630,114 | $0 | $9,032,410 | $16,040,809 | 118.7 | Transaction & Payment Processing Services |
| UNITEDHEALTH GROUP INC | John F. Rex | $1,200,000 | $0 | $9,300,612 | $15,832,820 | -20.1 | Managed Health Care |
| SALESFORCE INC | Amy E. Weaver | $1,000,000 | $0 | $7,000,150 | $15,707,474 | 8.3 | Application Software |
| IHEARTMEDIA INC | Richard J. Bressler | $1,500,000 | $0 | $14,000,000 | $15,501,384 | 102.6 | Broadcasting |
| SEAGATE TECHNOLOGY HOLDINGS | Gianluca Romano | $644,242 | $0 | $12,973,374 | $15,077,573 | 155.9 | Technology Hardware, Storage & Peripherals |
| CITIGROUP INC | Mark A.L. Mason | $1,000,000 | $5,216,000 | $7,201,834 | $15,046,165 | 12.6 | Diversified Banks |
| AMERICAN EXPRESS CO | Jeffrey C. Campbell | $1,000,000 | $6,625,000 | $5,781,805 | $14,838,640 | -27.9 | Consumer Finance |
| CVS HEALTH CORP | Shawn Michael Guertin | $1,250,000 | $0 | $7,499,943 | $14,630,713 | -3.7 | Health Care Services |
| CISCO SYSTEMS INC | Richard Scott Herren | $838,461 | $0 | $12,457,042 | $14,608,279 | 16.3 | Communications Equipment |
| LOCKHEED MARTIN CORP | Jesus Malave, Jr. | $867,692 | $750,000 | $11,153,772 | $14,564,251 | Not CFO previous year | Aerospace & Defense |
| VISA INC | Vasant M. Prabhu | $1,104,239 | $0 | $7,263,594 | $14,537,263 | -22 | Transaction & Payment Processing Services |
| NVR INC | Daniel David Malzahn | $652,500 | $0 | $12,818,963 | $14,006,063 | 3789.8 | Homebuilding |
| MICRON TECHNOLOGY INC | Mark J. Murphy | $266,538 | $250,000 | $12,631,963 | $13,575,042 | Not CFO previous year | Semiconductors |
| WARNER BROS DISCOVERY INC | Gunnar Wiedenfels | $1,952,996 | $0 | $8,061,276 | $13,504,614 | -32.3 | Movies & Entertainment |
| PEPSICO INC | Hugh F. Johnston | $1,019,231 | $0 | $4,620,072 | $13,395,304 | 7.4 | Soft Drinks & Non-alcoholic Beverages |
| ADOBE INC | Daniel J. Durn | $850,000 | $3,100,000 | $8,502,393 | $13,289,714 | -58.5 | Application Software |
| WELLS FARGO & CO | Michael P. Santomassimo | $1,750,000 | $0 | $7,875,050 | $12,808,167 | 6.9 | Diversified Banks |
| BANK OF AMERICA CORP | Alastair M. Borthwick | $1,000,000 | $3,800,000 | $7,757,129 | $12,601,937 | 0.1 | Diversified Banks |
| S&P GLOBAL INC | Ewout Lucien Steenbergen | $825,000 | $0 | $10,000,020 | $12,363,350 | 113.3 | Financial Exchanges & Data |
| BOOKING HOLDINGS INC | David I. Goulden | $625,000 | $0 | $8,844,265 | $12,124,653 | -83.2 | Hotels, Resorts & Cruise Lines |
| ACTIVISION BLIZZARD INC | Armin Zerza | $800,000 | $0 | $5,598,818 | $12,087,986 | 25.7 | Interactive Home Entertainment |
| DOLLAR GENERAL CORP | Jeffery Carl Owen | $962,310 | $0 | $1,579,023 | $12,032,684 | 2.4 | Consumer Staples Merchandise Retail |
| ENPHASE ENERGY INC | Mandy Yang | $350,000 | $0 | $11,245,240 | $11,990,581 | Not CFO previous year | Semiconductor Materials & Equipment |
| AON PLC | Christa Davies | $1,250,000 | $0 | $7,608,231 | $11,988,808 | -26.1 | Insurance Brokers |
| COCA-COLA EUROPACIFIC PARTNE | Damian Paul Gammell | $1,208,000 | $3,730,000 | $0 | $11,819,000 | 54.1 | Soft Drinks & Non-alcoholic Beverages |
| SERVICENOW INC | Gina M. Mastantuono | $725,000 | $0 | $10,343,046 | $11,754,234 | 17.4 | Systems Software |
| AT&T INC | Pascal Desroches | $1,250,000 | $0 | $7,499,993 | $11,752,507 | 0.1 | Integrated Telecommunication Services |
| DOW INC | Howard I. Ungerleider | $1,244,004 | $0 | $7,470,887 | $11,618,900 | 6.8 | Commodity Chemicals |
| PNC FINANCIAL SVCS GROUP INC | Robert Q. Reilly | $700,000 | $0 | $8,821,108 | $11,615,100 | 90.5 | Diversified Banks |
| INTUIT INC | Michelle M. Clatterbuck | $700,000 | $0 | $7,632,122 | $11,542,166 | -19.1 | Application Software |
| CHOICE HOTELS INTL INC | Dominic E. Dragisich | $633,846 | $0 | $8,500,106 | $11,512,429 | 174.1 | Hotels, Resorts & Cruise Lines |
| APPLIED MATERIALS INC | Brice A. Hill | $441,346 | $2,000,000 | $8,351,018 | $11,374,430 | Not CFO previous year | Semiconductor Materials & Equipment |
| DESIGNER BRANDS INC | Douglas M. Howe | $740,385 | $250,000 | $8,549,964 | $11,230,591 | Not CFO previous year | Apparel Retail |
| CADENCE DESIGN SYSTEMS INC | John M. Wall | $550,000 | $0 | $8,528,597 | $11,153,745 | 102.4 | Application Software |
| ACCENTURE PLC | Kathleen R. McClure | $1,068,750 | $0 | $7,887,317 | $11,026,597 | 59 | IT Consulting & Other Services |
| NVIDIA CORP | Colette M. Kress | $897,149 | $0 | $10,004,677 | $10,917,228 | 11.7 | Semiconductors |
| JPMORGAN CHASE & CO | Jeremy Barnum | $750,000 | $4,500,000 | $5,583,750 | $10,838,750 | 57.8 | Diversified Banks |
| ITEOS THERAPEUTICS INC | Michel Detheux, Ph.D. | $555,729 | $0 | $358,600 | $10,508,869 | -1.6 | Biotechnology |
| WESTERN DIGITAL CORP | Robert K. Eulau | $605,000 | $0 | $3,777,265 | $10,383,238 | 89.2 | Technology Hardware, Storage & Peripherals |
| GENERAL MOTORS CO | Paul A. Jacobson | $1,000,000 | $0 | $5,362,500 | $10,235,938 | 2.3 | Automobile Manufacturers |
| LUMEN TECHNOLOGIES INC | Christopher David Stansbury | $565,200 | $150,000 | $8,792,466 | $10,161,435 | Not CFO previous year | Alternative Carriers |
| INTL BUSINESS MACHINES CORP | James J. Kavanaugh | $1,040,000 | $0 | $5,843,669 | $10,132,985 | -13.7 | IT Consulting & Other Services |
| T-MOBILE US INC | Peter Osvaldik | $800,000 | $0 | $6,864,054 | $10,070,254 | -57.2 | Wireless Telecommunication Services |
| MORGAN STANLEY | Sharon Yeshaya | $1,000,000 | $3,937,500 | $5,051,302 | $10,014,902 | 123 | Investment Banking & Brokerage |
| UNIVERSAL DISPLAY CORP | Sidney D. Rosenblatt | $842,703 | $0 | $7,250,626 | $9,998,764 | -7.2 | Semiconductors |
| ENCORE WIRE CORP | Bret J. Eckert | $500,000 | $3,000,000 | $6,434,500 | $9,976,051 | 164.1 | Electrical Components & Equipment |
| OMNICOM GROUP INC | Philip J. Angelastro | $920,835 | $0 | $4,499,971 | $9,942,156 | 2.4 | Advertising |
| XPERI INC | Jon E. Kirchner | $750,102 | $0 | $8,491,645 | $9,895,399 | 4.8 | Systems Software |
| BANK OF NEW YORK MELLON CORP | Emily Hope Portney | $600,000 | $0 | $7,192,940 | $9,769,140 | 119 | Asset Management & Custody Banks |
| GENERAL ELECTRIC CO | Carolina Dybeck Happe | $1,500,000 | $0 | $3,354,008 | $9,741,192 | -4.4 | Industrial Conglomerates |
| CENTENE CORP | Andrew Lynn Asher | $1,007,115 | $0 | $5,999,942 | $9,739,210 | 25.7 | Managed Health Care |
| MASTERCARD INC | Sachin Mehra | $733,333 | $0 | $5,196,223 | $9,508,959 | 16.3 | Transaction & Payment Processing Services |
| VERISK ANALYTICS INC | Lee M. Shavel | $806,499 | $0 | $6,420,689 | $9,497,341 | 158.6 | Research & Consulting Services |
| EBAY INC | Stephen J. Priest | $788,462 | $1,750,000 | $4,209,628 | $9,405,920 | -30.5 | Broadline Retail |
| VERIZON COMMUNICATIONS INC | Matthew D. Ellis | $950,000 | $0 | $7,000,072 | $9,379,303 | 3 | Integrated Telecommunication Services |
| LINCOLN NATIONAL CORP | Randal Jay Freitag, FSA | $888,634 | $0 | $6,951,374 | $9,355,517 | -3.3 | Life & Health Insurance |
| PAYCOM SOFTWARE INC | Craig E. Boelte | $496,797 | $0 | $7,832,696 | $9,337,303 | -30.8 | Human Resource & Employment Services |
| EQUINIX INC | Keith D. Taylor | $680,000 | $0 | $8,607,310 | $9,321,828 | -28 | Data Center REITs |
| ABBOTT LABORATORIES | Robert E. Funck, Jr. | $866,154 | $0 | $3,372,286 | $9,145,220 | -27.6 | Health Care Equipment |
| DUN & BRADSTREET HOLDNGS INC | Bryan T. Hipsher | $500,000 | $0 | $6,000,010 | $9,113,311 | 86.7 | Research & Consulting Services |
| COCA-COLA CO | John Murphy | $961,062 | $0 | $2,839,082 | $9,056,312 | 53.8 | Soft Drinks & Non-alcoholic Beverages |
| FRANKLIN RESOURCES INC | Matthew Nicholls | $591,924 | $0 | $5,221,849 | $9,016,080 | 60.1 | Asset Management & Custody Banks |
| ANTERO RESOURCES CORP | Michael N. Kennedy | $478,500 | $487,255 | $7,476,082 | $8,959,206 | 322.2 | Oil & Gas Exploration & Production |
| FORD MOTOR CO | John T. Lawler | $1,124,850 | $0 | $6,535,903 | $8,956,211 | 10.7 | Automobile Manufacturers |
| PHILLIPS 66 | Kevin J. Mitchell | $951,992 | $0 | $4,899,887 | $8,945,610 | -59.3 | Oil & Gas Refining & Marketing |
| REGENERON PHARMACEUTICALS | Robert E. Landry, Jr. | $851,600 | $0 | $2,799,320 | $8,838,493 | 63 | Biotechnology |
| JOHNSON & JOHNSON | Joseph J. Wolk, CPA | $1,008,462 | $0 | $4,718,897 | $8,823,082 | 11.8 | Pharmaceuticals |
| PAYPAL HOLDINGS INC | John David Rainey | $305,769 | $100,000 | $8,353,168 | $8,788,002 | -28.3 | Transaction & Payment Processing Services |
| AMERIPRISE FINANCIAL INC | Walter S. Berman | $675,000 | $0 | $3,465,000 | $8,782,899 | -15.6 | Asset Management & Custody Banks |
| LABORATORY CP OF AMER HLDGS | Glenn A. Eisenberg | $780,500 | $0 | $6,551,496 | $8,682,493 | 93.4 | Health Care Services |
| BOEING CO | Brian J. West | $1,000,000 | $0 | $3,000,000 | $8,636,041 | 23.2 | Aerospace & Defense |
| IQVIA HOLDINGS INC | Ronald E. Bruehlman | $895,400 | $0 | $4,626,672 | $8,620,054 | 6.3 | Life Sciences Tools & Services |
| ALEXANDRIA R E EQUITIES INC | Dean A. Shigenaga, CPA | $695,000 | $1,500,000 | $6,086,488 | $8,596,883 | -68.4 | Office REITs |
| WESTROCK CO | Alexander W. Pease | $673,295 | $585,000 | $6,021,728 | $8,544,517 | Not CFO previous year | Paper & Plastic Packaging Products & Materials |
| PHILIP MORRIS INTERNATIONAL | Emmanuel Babeau | $1,256,882 | $0 | $4,575,952 | $8,519,466 | 3.4 | Tobacco |
| KEYSIGHT TECHNOLOGIES INC | Neil P. Dougherty | $650,000 | $0 | $7,251,044 | $8,437,922 | 82.5 | Electronic Equipment & Instruments |
| PAYLOCITY HOLDING CORP | Toby J. Williams, J.D. | $459,667 | $0 | $7,301,187 | $8,422,470 | 48.7 | Human Resource & Employment Services |
| GILEAD SCIENCES INC | Andrew D. Dickinson | $1,018,419 | $0 | $3,992,603 | $8,402,698 | 28.1 | Biotechnology |
| ETSY INC | Rachel C. Glaser | $468,750 | $0 | $7,498,440 | $8,284,340 | 20.6 | Broadline Retail |
| ANALOG DEVICES INC | Prashanth Mahendra-Rajah | $622,500 | $0 | $5,500,292 | $8,266,287 | -3.5 | Semiconductors |
| HEWLETT PACKARD ENTERPRISE | Tarek A. Robbiati, M.B.A., M.Sc. | $850,000 | $0 | $6,178,494 | $8,264,635 | -86.6 | Technology Hardware, Storage & Peripherals |
| METLIFE INC | John Dennis McCallion, CPA | $937,500 | $0 | $3,485,055 | $8,230,386 | 4 | Life & Health Insurance |
| BAXTER INTERNATIONAL INC | James K. Saccaro | $834,638 | $0 | $6,099,090 | $8,207,169 | 130.3 | Health Care Equipment |
| UDR INC | Joseph D. Fisher, CFA | $550,000 | $0 | $7,620,168 | $8,187,429 | 167.1 | Multi-Family Residential REITs |
| MEDICAL PROPERTIES TRUST | R. Steven Hamner, CPA | $675,000 | $303,750 | $6,190,172 | $8,163,771 | -6.1 | Health Care REITs |
| BLACKROCK INC | Gary Stephen Shedlin | $500,000 | $1,650,000 | $5,915,191 | $8,129,985 | -75.8 | Asset Management & Custody Banks |
| HILTON WORLDWIDE HOLDINGS | Kevin J. Jacobs | $940,625 | $0 | $4,199,776 | $8,096,327 | -69.7 | Hotels, Resorts & Cruise Lines |
| HONEYWELL INTERNATIONAL INC | Gregory Peter Lewis | $881,754 | $0 | $3,952,325 | $7,979,076 | -6.9 | Industrial Conglomerates |
| L3HARRIS TECHNOLOGIES INC | Michelle L. Turner | $706,731 | $750,000 | $3,288,058 | $7,913,071 | Not CFO previous year | Aerospace & Defense |
| STATE STREET CORP | Eric Walter Aboaf | $700,000 | $0 | $4,504,428 | $7,875,370 | 7.7 | Asset Management & Custody Banks |
| TRUIST FINANCIAL CORP | Daryl N. Bible | $803,333 | $0 | $2,008,761 | $7,784,871 | -22.9 | Regional Banks |
| MARATHON PETROLEUM CORP | Maryann T. Mannen | $943,835 | $0 | $4,660,985 | $7,718,410 | -32.2 | Oil & Gas Refining & Marketing |
| APTIV PLC | Joseph R. Massaro | $1,150,000 | $0 | $4,943,446 | $7,696,909 | 28.7 | Automotive Parts & Equipment |
| ROPER TECHNOLOGIES INC | Robert C. Crisci | $710,000 | $0 | $4,399,999 | $7,677,520 | 52.4 | Application Software |
| 3M CO | Monish D. Patolawala | $1,100,469 | $0 | $4,192,661 | $7,677,163 | -24.8 | Industrial Conglomerates |
| BRISTOL-MYERS SQUIBB CO | David V. Elkins | $1,073,859 | $0 | $4,922,614 | $7,647,290 | 14 | Pharmaceuticals |
| ELEVANCE HEALTH INC | John Edward Gallina | $919,231 | $0 | $3,937,532 | $7,641,837 | -58.3 | Managed Health Care |
| TJX COS INC (THE) | Scott Goldenberg | $1,047,079 | $0 | $3,900,048 | $7,615,564 | -36.4 | Apparel Retail |
| AMERICAN INTERNATIONAL GROUP | Shane Fitzsimons | $1,000,000 | $500,000 | $2,174,514 | $7,563,617 | Not CFO previous year | Multi-line Insurance |
| AXALTA COATING SYSTEMS LTD | Sean M. Lannon | $604,413 | $3,500,000 | $3,056,507 | $7,541,217 | 247.2 | Specialty Chemicals |
| CONOCOPHILLIPS | William L. Bullock, Jr. | $953,556 | $0 | $3,903,751 | $7,534,742 | 12.8 | Oil & Gas Exploration & Production |
| AUTOMATIC DATA PROCESSING | Don Edward McGuire | $603,173 | $0 | $3,622,595 | $7,460,417 | Not CFO previous year | Human Resource & Employment Services |
| EXPEDIA GROUP INC | Eric Hart | $712,501 | $0 | $5,283,253 | $7,373,720 | -35.2 | Hotels, Resorts & Cruise Lines |
| HOVNANIAN ENTRPRS INC -CL A | J. Larry Sorsby | $790,607 | $0 | $1,509,133 | $7,357,266 | 18.4 | Homebuilding |
| COSTAR GROUP INC | Scott T. Wheeler | $535,892 | $0 | $5,197,575 | $7,340,056 | -12.2 | Research & Consulting Services |
| ADVANCED MICRO DEVICES | Devinder Kumar | $692,639 | $0 | $4,888,375 | $7,325,241 | -76.7 | Semiconductors |
| CHEVRON CORP | Pierre R. Breber | $1,063,542 | $0 | $3,275,929 | $7,305,507 | 101.3 | Integrated Oil & Gas |
| NEWS CORP | Susan Lee Panuccio, B.Bus (Hons), BBUS (Dist), ICC | $1,426,923 | $0 | $2,403,339 | $7,270,885 | -6.9 | Publishing |
| COMSTOCK RESOURCES INC | Roland O. Burns | $600,000 | $1,144,000 | $4,288,266 | $7,230,297 | 119.5 | Oil & Gas Exploration & Production |
| CATERPILLAR INC | Andrew R. J. Bonfield | $882,575 | $0 | $2,200,090 | $7,223,543 | -40.2 | Construction Machinery & Heavy Transportation Equi |
| BIOGEN INC | Michael R. McDonnell, CPA | $901,308 | $0 | $5,083,295 | $7,209,834 | 21.8 | Biotechnology |
| UNITED PARCEL SERVICE INC | Brian O. Newman | $784,377 | $0 | $5,563,543 | $7,189,241 | -54.3 | Air Freight & Logistics |
| DANAHER CORP | Matthew R. McGrew | $878,460 | $0 | $2,197,854 | $7,183,344 | 26.2 | Life Sciences Tools & Services |
| MCDONALD'S CORP | Kevin M. Ozan | $935,000 | $0 | $2,150,189 | $7,176,627 | -78.8 | Restaurants |
| BAKER HUGHES CO | Nancy K. Buese, CPA | $131,538 | $2,000,000 | $4,999,998 | $7,141,782 | Not CFO previous year | Oil & Gas Equipment & Services |
| PROLOGIS INC | Timothy D. Arndt | $489,423 | $636,500 | $4,230,557 | $7,125,291 | Not CFO previous year | Industrial REITs |
| MANPOWERGROUP | John Thomas McGinnis | $746,750 | $0 | $5,499,981 | $7,113,032 | 20.9 | Human Resource & Employment Services |
| WALGREENS BOOTS ALLIANCE INC | James Kehoe | $969,202 | $0 | $3,330,666 | $7,112,186 | -24.2 | Drug Retail |
| HALLIBURTON CO | Eric J. Carre | $825,000 | $0 | $2,046,769 | $7,100,461 | -7 | Oil & Gas Equipment & Services |
| AMGEN INC | Peter H. Griffith | $1,044,492 | $0 | $3,149,736 | $7,073,735 | 4.8 | Biotechnology |
| D R HORTON INC | Bill W. Wheat | $500,000 | $3,000,000 | $3,363,589 | $7,056,711 | 25.7 | Homebuilding |
| MCKESSON CORP | Britt J. Vitalone | $870,834 | $0 | $4,000,708 | $7,037,713 | 11.3 | Health Care Distributors |
| DIAMONDBACK ENERGY INC | Matthew Kaes Vant Hof | $607,500 | $0 | $5,681,157 | $7,035,418 | 11.4 | Oil & Gas Exploration & Production |
| EXPEDITORS INTL WASH INC | Bradley S. Powell | $100,000 | $0 | $1,169,594 | $7,034,525 | -18.7 | Air Freight & Logistics |
| DEERE & CO | Ryan D. Campbell | $890,703 | $0 | $1,976,834 | $6,997,172 | -44.4 | Agricultural & Farm Machinery |
| CIGNA GROUP (THE) | Brian C. Evanko | $836,731 | $0 | $3,493,584 | $6,965,681 | 32.2 | Health Care Services |
| ENSIGN GROUP INC | Suzanne D. Snapper | $415,236 | $0 | $1,506,637 | $6,964,503 | 15.7 | Health Care Facilities |
| MONOLITHIC POWER SYSTEMS INC | T. Bernie Blegen | $365,481 | $0 | $3,626,424 | $6,931,905 | 16.9 | Semiconductors |
| GENERAL DYNAMICS CORP | Jason W. Aiken, CPA | $900,000 | $0 | $3,177,503 | $6,901,579 | 19.9 | Aerospace & Defense |
| HP INC | Marie E. Myers | $780,000 | $0 | $3,670,097 | $6,888,877 | -14.3 | Technology Hardware, Storage & Peripherals |
| ENTERGY CORP | Andrew S. Marsh | $781,560 | $0 | $4,598,890 | $6,861,760 | 206.3 | Electric Utilities |
| THERMO FISHER SCIENTIFIC INC | Stephen Williamson | $974,808 | $0 | $2,340,271 | $6,853,073 | 1.4 | Life Sciences Tools & Services |
| COGNIZANT TECH SOLUTIONS | Jan Siegmund | $850,000 | $0 | $5,322,032 | $6,837,502 | 2.8 | IT Consulting & Other Services |
| GREIF INC -CL A | Lawrence Allen Hilsheimer | $779,451 | $0 | $4,273,103 | $6,837,133 | -8.3 | Metal, Glass & Plastic Containers |
| DIGITAL REALTY TRUST INC | Andrew P. Power | $645,096 | $0 | $4,751,662 | $6,835,895 | -6.3 | Data Center REITs |
| US BANCORP | Terrance R. Dolan | $750,000 | $0 | $4,200,000 | $6,828,538 | -5.7 | Diversified Banks |
| TOOTSIE ROLL INDUSTRIES INC | Ellen R. Gordon | $999,000 | $3,860,100 | $0 | $6,793,272 | 24.9 | Packaged Foods & Meats |
| BORGWARNER INC | Kevin A. Nowlan | $815,000 | $0 | $4,107,096 | $6,776,762 | 10.8 | Automotive Parts & Equipment |
| MARSH & MCLENNAN COS | Mark Christopher McGivney | $800,000 | $0 | $1,621,136 | $6,770,416 | 1.5 | Insurance Brokers |
| CORTEVA INC | David John Anderson, B.S., M.B.A., MBA | $792,115 | $0 | $2,400,037 | $6,742,452 | -1.5 | Fertilizers & Agricultural Chemicals |
| APA CORP | Stephen J. Riney | $795,000 | $0 | $4,459,396 | $6,729,950 | -2.5 | Oil & Gas Exploration & Production |
| RALPH LAUREN CORP | Jane Hamilton Nielsen | $1,050,000 | $0 | $3,796,028 | $6,653,851 | -52.4 | Apparel, Accessories & Luxury Goods |
| AFFILIATED MANAGERS GRP INC | Thomas M. Wojcik | $500,000 | $0 | $2,950,000 | $6,649,140 | -26 | Asset Management & Custody Banks |
| COTERRA ENERGY INC | Scott C. Schroeder | $661,154 | $0 | $4,786,121 | $6,611,316 | -45.8 | Oil & Gas Exploration & Production |
| OLD DOMINION FREIGHT | Adam N. Satterfield | $510,753 | $0 | $1,430,697 | $6,580,275 | 25.2 | Cargo Ground Transportation |
| PUBLIC STORAGE | H. Thomas Boyle, III | $550,000 | $0 | $2,852,985 | $6,560,596 | -12.7 | Self-Storage REITs |
| LIGAND PHARMACEUTICAL INC | Matthew E. Korenberg | $519,858 | $0 | $2,691,809 | $6,542,545 | 9 | Pharmaceuticals |
| PARAMOUNT GLOBAL | Naveen K. Chopra | $1,400,000 | $0 | $2,999,976 | $6,510,533 | 60.1 | Broadcasting |
| ON SEMICONDUCTOR CORP | Thad Trent | $600,000 | $0 | $4,667,814 | $6,494,381 | -39 | Semiconductors |
| MOLINA HEALTHCARE INC | Mark Lowell Keim | $850,000 | $0 | $3,750,045 | $6,474,974 | 9.3 | Managed Health Care |
| KLA CORP | Bren D. Higgins | $594,231 | $0 | $4,305,358 | $6,470,638 | 27.5 | Semiconductor Materials & Equipment |
| KROGER CO | Gary Millerchip | $809,879 | $0 | $3,358,792 | $6,453,123 | 7.9 | Food Retail |
| VALERO ENERGY CORP | Jason W. Fraser | $875,000 | $0 | $3,711,181 | $6,448,570 | 164.6 | Oil & Gas Refining & Marketing |
| RAYTHEON TECHNOLOGIES CORP | Neil G. Mitchill, Jr. | $876,250 | $1,200,000 | $2,453,365 | $6,444,550 | 4.6 | Aerospace & Defense |
| CAESARS ENTERTAINMENT INC | Bret Yunker | $1,150,000 | $244,375 | $3,425,776 | $6,437,030 | -57.9 | Casinos & Gaming |
| HF SINCLAIR CORP | Richard Lawrence Voliva, III, C.F.A. | $572,378 | $0 | $3,837,477 | $6,398,456 | 65.4 | Oil & Gas Refining & Marketing |
| BARRICK GOLD CORP | Graham Patrick Shuttleworth | $800,000 | $0 | $3,019,000 | $6,366,605 | 4.8 | Gold |
| PULTEGROUP INC | Robert T. OShaughnessy | $750,000 | $0 | $2,903,183 | $6,361,474 | -12.2 | Homebuilding |
| PRUDENTIAL FINANCIAL INC | Kenneth Yutaka Tanji | $650,000 | $0 | $3,600,104 | $6,357,548 | -17.7 | Life & Health Insurance |
| MONDELEZ INTERNATIONAL INC | Luca Zaramella | $872,603 | $0 | $2,871,387 | $6,253,171 | 32.4 | Packaged Foods & Meats |
| SUNRUN INC | Danny Abajian | $392,462 | $390,000 | $3,526,985 | $6,252,362 | Not CFO previous year | Electrical Components & Equipment |
| SIMON PROPERTY GROUP INC | Brian J. McDade | $580,769 | $3,700,000 | $1,891,621 | $6,235,511 | 108.7 | Retail REITs |
| ILLINOIS TOOL WORKS | Michael M. Larsen | $875,320 | $0 | $874,799 | $6,214,348 | 94.9 | Industrial Machinery & Supplies & Components |
| RESTAURANT BRANDS INTL INC | Matthew Dunnigan | $620,347 | $0 | $4,563,480 | $6,210,013 | -49.6 | Restaurants |
| MERCURY SYSTEMS INC | Michael D. Ruppert | $438,489 | $0 | $5,297,522 | $6,197,016 | 248.9 | Aerospace & Defense |
| DELL TECHNOLOGIES INC | Thomas W. Sweet | $873,077 | $0 | $4,298,891 | $6,179,953 | -92.6 | Technology Hardware, Storage & Peripherals |
| FOX CORP | Steven Silvester Tomsic | $1,500,000 | $0 | $1,493,016 | $6,136,772 | -19.2 | Broadcasting |
| TARGA RESOURCES CORP | Jennifer R. Kneale | $600,000 | $1,500,000 | $4,003,208 | $6,130,747 | 19.5 | Oil & Gas Storage & Transportation |
| LKQ CORP | Varun Laroyia | $792,438 | $0 | $3,325,072 | $6,130,684 | 53.5 | Distributors |
| DXC TECHNOLOGY CO | Kenneth P. Sharp | $690,865 | $0 | $4,877,660 | $6,125,834 | -1.5 | IT Consulting & Other Services |
| LYONDELLBASELL INDUSTRIES NV | Michael C. McMurray | $824,000 | $0 | $2,050,443 | $6,109,473 | 47.4 | Commodity Chemicals |
| VIATRIS INC | Sanjeev Narula | $840,385 | $0 | $3,400,006 | $6,108,406 | 8.1 | Pharmaceuticals |
| WYNN RESORTS LTD | Julie Mireille Cameron-Doe | $628,846 | $0 | $4,549,146 | $6,092,242 | Not CFO previous year | Casinos & Gaming |
| MARRIOTT INTL INC | Kathleen Kelly Oberg | $900,000 | $0 | $2,369,733 | $6,089,397 | -52.4 | Hotels, Resorts & Cruise Lines |
| PROCTER & GAMBLE CO | Andre Schulten | $802,500 | $1,295,305 | $2,528,746 | $6,064,181 | 21.5 | Household Products |
| HASBRO INC | Deborah M. Thomas | $1,192,308 | $0 | $3,450,106 | $6,060,076 | -18.1 | Leisure Products |
| TEXAS INSTRUMENTS INC | Rafael R. Lizardi | $767,500 | $1,210,000 | $1,900,010 | $6,055,305 | -58.2 | Semiconductors |
| ATLAS AIR WORLDWIDE HLDG INC | Spencer Schwartz | $625,024 | $0 | $1,563,963 | $6,039,200 | 91.6 | Air Freight & Logistics |
| PROGYNY INC | Mark S. Livingston | $425,000 | $0 | $0 | $6,033,372 | -93.2 | Managed Health Care |
| LENNAR CORP | Diane J. Bessette | $750,000 | $0 | $2,250,595 | $6,020,830 | 8.7 | Homebuilding |
| INTERACTIVE BROKERS GROUP | Paul Jonathan Brody | $525,000 | $2,250,000 | $3,037,500 | $6,015,440 | 6.3 | Investment Banking & Brokerage |
| SKECHERS U S A INC | John M. Vandemore | $1,490,284 | $0 | $2,793,450 | $6,006,262 | 44 | Footwear |
| LINDE PLC | Matthew J. White | $830,000 | $0 | $2,458,287 | $5,995,479 | -10.9 | Industrial Gases |
| MOTOROLA SOLUTIONS INC | Jason J. Winkler | $726,346 | $0 | $2,440,567 | $5,963,996 | 29.7 | Communications Equipment |
| TEXTRON INC | Frank Thomas Connor | $1,080,769 | $0 | $2,477,074 | $5,948,201 | -3.6 | Aerospace & Defense |
| WELLTOWER INC | Timothy G. McHugh | $675,026 | $0 | $3,728,158 | $5,936,493 | -49.5 | Health Care REITs |
| INCYTE CORP | Christiana Stamoulis, MBA | $649,977 | $0 | $3,731,890 | $5,913,761 | 13.7 | Biotechnology |
| CENTURY COMMUNITIES INC | David L. Messenger | $729,167 | $0 | $2,134,065 | $5,909,713 | 48.7 | Homebuilding |
| CADENCE BANK | James D. Rollins, III | $1,000,000 | $0 | $2,600,527 | $5,882,486 | 1 | Regional Banks |
| DOMINO'S PIZZA INC | Sandeep Reddy | $495,865 | $1,000,000 | $3,517,181 | $5,880,790 | Not CFO previous year | Restaurants |
| THOR INDUSTRIES INC | Colleen A. Zuhl | $725,000 | $0 | $2,829,035 | $5,867,141 | -12.6 | Automobile Manufacturers |
| SCIENCE APPLICATIONS INTL CP | Prabu Natarajan | $663,462 | $0 | $4,500,148 | $5,853,760 | 126.9 | Research & Consulting Services |
| STRYKER CORP | Glenn S. Boehnlein | $730,833 | $0 | $1,893,766 | $5,853,281 | -18.9 | Health Care Equipment |
| CHIPOTLE MEXICAN GRILL INC | John R. Hartung | $862,692 | $0 | $2,400,138 | $5,838,893 | -84.8 | Restaurants |
| COSTCO WHOLESALE CORP | Richard A. Galanti | $850,000 | $13,600 | $4,394,735 | $5,817,233 | 16.7 | Consumer Staples Merchandise Retail |
| AMERICAN ELECTRIC POWER CO | Julia A. Sloat | $779,769 | $0 | $3,948,384 | $5,815,963 | 98.8 | Electric Utilities |
| VERTEX PHARMACEUTICALS INC | Charles F. Wagner, Jr. | $793,269 | $0 | $3,750,197 | $5,811,611 | -6.7 | Biotechnology |
| ORGANON & CO | Matthew M. Walsh | $849,385 | $0 | $3,153,939 | $5,808,114 | 14.1 | Pharmaceuticals |
| FORTIVE CORP | Charles E. McLaughlin | $725,000 | $0 | $2,667,497 | $5,785,250 | -0.4 | Industrial Machinery & Supplies & Components |
| INVITATION HOMES INC | Ernest M. Freedman, CPA | $700,000 | $0 | $4,429,515 | $5,776,869 | 49.8 | Single-Family Residential REITs |
| MGM RESORTS INTERNATIONAL | Jonathan S. Halkyard | $966,849 | $0 | $2,750,000 | $5,775,640 | 24 | Casinos & Gaming |
| KYNDRYL HOLDINGS INC | David B. Wyshner | $780,000 | $0 | $4,000,027 | $5,768,416 | -55.3 | IT Consulting & Other Services |
| BECTON DICKINSON & CO | Christopher J. DelOrefice | $720,000 | $230,000 | $2,854,234 | $5,766,698 | 201.6 | Health Care Equipment |
| VOYA FINANCIAL INC | Michael Scott Smith, CFA, FSA, MAAA | $612,500 | $0 | $3,900,437 | $5,746,350 | -9 | Diversified Financial Services |
| MANHATTAN ASSOCIATES INC | Dennis B. Story | $450,000 | $3,000 | $4,750,088 | $5,704,286 | 116.5 | Application Software |
| MERCK & CO | Caroline Litchfield | $959,959 | $0 | $2,075,595 | $5,702,438 | 12.3 | Pharmaceuticals |
| GENUINE PARTS CO | Herbert C. Nappier | $565,625 | $0 | $4,150,050 | $5,682,081 | Not CFO previous year | Distributors |
| QUALYS INC | Joo Mi Kim | $410,000 | $0 | $5,069,403 | $5,672,984 | 11.5 | Systems Software |
| GENWORTH FINANCIAL INC | Daniel Joseph Sheehan, IV, CFA | $775,000 | $0 | $2,634,217 | $5,669,115 | 1.7 | Life & Health Insurance |
| FRONTIER COMMUNIC PARENT INC | Scott C. Beasley | $650,000 | $1,500,000 | $2,834,310 | $5,662,960 | -7.1 | Integrated Telecommunication Services |
| EMERSON ELECTRIC CO | Frank John Dellaquila | $800,000 | $1,365,000 | $3,370,678 | $5,658,988 | 10.7 | Electrical Components & Equipment |
| INTERPUBLIC GROUP OF COS | Ellen Tobi Johnson | $900,000 | $650,000 | $1,749,634 | $5,657,094 | -27.9 | Advertising |
| DEVON ENERGY CORP | Jeffrey L. Ritenour | $638,362 | $0 | $3,805,243 | $5,650,809 | 33.5 | Oil & Gas Exploration & Production |
| ABBVIE INC | Scott T. Reents | $753,139 | $0 | $2,104,732 | $5,621,936 | Not CFO previous year | Biotechnology |
| CAMPBELL SOUP CO | Mick J. Beekhuizen | $765,625 | $0 | $3,709,269 | $5,595,316 | 48.2 | Packaged Foods & Meats |
| YELP INC | David A. Schwarzbach | $500,000 | $0 | $4,876,423 | $5,586,473 | 23.4 | Interactive Media & Services |
| TE CONNECTIVITY LTD | Heath A. Mitts | $746,557 | $0 | $1,788,560 | $5,559,201 | -64.1 | Electronic Manufacturing Services |
| SBA COMMUNICATIONS CORP | Brendan Thomas Cavanagh, CPA | $680,000 | $0 | $3,857,585 | $5,549,733 | -71.2 | Telecom Tower REITs |
| CONSTELLATION BRANDS | Garth Hankinson | $748,000 | $0 | $1,961,384 | $5,547,943 | -19.6 | Distillers & Vintners |
| FAIR ISAAC CORP | Michael I. McLaughlin | $400,000 | $0 | $4,841,157 | $5,546,728 | -2.3 | Application Software |
| RAYMOND JAMES FINANCIAL INC | Paul M. Shoukry | $450,000 | $3,100,211 | $1,949,871 | $5,544,242 | 65.1 | Investment Banking & Brokerage |
| WASTE MANAGEMENT INC | Devina A. Rankin | $730,288 | $0 | $3,008,095 | $5,535,755 | -0.9 | Environmental & Facilities Services |
| ZIMMER BIOMET HOLDINGS INC | Suketu P. Upadhyay | $753,080 | $0 | $2,067,692 | $5,523,318 | 24.3 | Health Care Equipment |
| SKYWORKS SOLUTIONS INC | Kris Sennesael | $585,092 | $0 | $4,131,556 | $5,522,338 | 4.6 | Semiconductors |
| TRAVELERS COS INC | Daniel Stephen Frey | $787,692 | $0 | $1,349,985 | $5,521,735 | 28.3 | Property & Casualty Insurance |
| SABRE CORP | Douglas Elliott Barnett, CPA | $610,827 | $0 | $2,584,722 | $5,520,212 | -7 | Hotels, Resorts & Cruise Lines |
| DROPBOX INC | Timothy J. Regan, CPA | $518,333 | $0 | $4,692,710 | $5,487,043 | -3.2 | Application Software |
| STEEL DYNAMICS INC | Theresa E. Wagler | $730,000 | $0 | $2,047,696 | $5,481,596 | 5.1 | Steel |
| KEYCORP | Donald R. Kimble, Jr. | $800,000 | $0 | $2,159,961 | $5,480,758 | -9.5 | Diversified Banks |
| WORLD KINECT CORP | Ira M. Birns | $608,333 | $0 | $3,812,809 | $5,462,044 | 139.1 | Oil & Gas Refining & Marketing |
| AMERICAN TOWER CORP | Rodney M. Smith | $640,000 | $0 | $3,600,252 | $5,431,170 | 37.3 | Telecom Tower REITs |
| DELTA AIR LINES INC | Daniel Charles Janki | $650,000 | $0 | $3,000,076 | $5,415,523 | -43.2 | Passenger Airlines |
| FEDERATED HERMES INC | Thomas Robert Donahue | $720,000 | $0 | $1,771,755 | $5,412,771 | -1.2 | Asset Management & Custody Banks |
| OCCIDENTAL PETROLEUM CORP | Robert L. Peterson | $701,616 | $84,000 | $2,400,147 | $5,409,817 | 15.3 | Integrated Oil & Gas |
| EOG RESOURCES INC | Timothy K. Driggers | $691,154 | $0 | $3,457,439 | $5,401,033 | 45.9 | Oil & Gas Exploration & Production |
| DOMTAR CORP | Daniel Buron | $681,520 | $2,841,872 | $0 | $5,398,767 | 55 | Paper Products |
| TRANSDIGM GROUP INC | Michael J. Lisman | $656,250 | $18,200 | $0 | $5,391,405 | -60.7 | Aerospace & Defense |
| BATH & BODY WORKS INC | Wendy C. Arlin | $790,385 | $1,088,000 | $2,392,464 | $5,390,641 | 10.4 | Other Specialty Retail |
| NCR CORP | Timothy C. Oliver | $625,000 | $0 | $4,639,083 | $5,388,467 | -21.1 | Application Software |
| GLOBAL PAYMENTS INC | Joshua J. Whipple | $625,000 | $0 | $3,900,176 | $5,388,310 | Not CFO previous year | Transaction & Payment Processing Services |
| CHEMED CORP | David P. Williams | $826,833 | $0 | $821,156 | $5,377,271 | 191.6 | Health Care Services |
| SELECT MEDICAL HOLDINGS CORP | Martin F. Jackson | $700,000 | $0 | $4,456,500 | $5,375,391 | -23.6 | Health Care Facilities |
| GARTNER INC | Craig W. Safian | $644,175 | $0 | $2,434,104 | $5,358,506 | 4.3 | IT Consulting & Other Services |
| BUNGE LTD | John W. Neppl, CPA | $737,528 | $0 | $2,707,599 | $5,352,129 | 20.3 | Agricultural Products & Services |
| MUELLER INDUSTRIES | Jeffrey A. Martin | $425,000 | $0 | $3,244,560 | $5,348,767 | 79.2 | Industrial Machinery & Supplies & Components |
| EXELON CORP | Joseph Nigro | $839,223 | $0 | $3,209,758 | $5,348,604 | -9.2 | Electric Utilities |
| NEWELL BRANDS INC | Christopher H. Peterson | $880,208 | $0 | $2,694,447 | $5,340,878 | -18.3 | Housewares & Specialties |
| NACCO INDUSTRIES -CL A | John C. Butler, Jr. | $826,432 | $149,223 | $2,208,419 | $5,339,431 | 29.4 | Coal & Consumable Fuels |
| NORTHROP GRUMMAN CORP | David F. Keffer | $819,387 | $0 | $3,200,346 | $5,334,936 | 6.2 | Aerospace & Defense |
| ARTHUR J GALLAGHER & CO | Douglas K. Howell, CPA | $950,000 | $0 | $726,205 | $5,328,863 | 131 | Insurance Brokers |
| AMERISOURCEBERGEN CORP | James F. Cleary, Jr. | $770,000 | $0 | $3,200,064 | $5,321,701 | -6.2 | Health Care Distributors |
| BLACK KNIGHT INC | Kirk T. Larsen | $528,767 | $387,016 | $3,875,069 | $5,303,128 | 20 | Application Software |
| SEMPRA ENERGY | Trevor Ian Mihalik | $830,000 | $0 | $1,921,195 | $5,299,024 | 11.9 | Multi-Utilities |
| AMCOR PLC | Michael John Casamento, BBus (Acct), CPA, GradCert | $980,909 | $0 | $2,163,512 | $5,298,416 | 24.3 | Paper & Plastic Packaging Products & Materials |
| ALTRIA GROUP INC | Salvatore Mancuso | $704,367 | $0 | $2,012,554 | $5,294,966 | 47.2 | Tobacco |
| HARTFORD FINANCIAL SERVICES | Beth A. Costello | $762,500 | $0 | $1,288,375 | $5,290,975 | 47.9 | Multi-line Insurance |
| FREEPORT-MCMORAN INC | Maree E. Robertson | $520,833 | $625,000 | $3,254,740 | $5,267,351 | Not CFO previous year | Copper |
| CAPITAL ONE FINANCIAL CORP | Andrew M. Young | $940,692 | $1,656,200 | $2,475,108 | $5,262,486 | 56.4 | Consumer Finance |
| LILLY (ELI) & CO | Anat Ashkenazi | $940,385 | $0 | $3,135,000 | $5,260,270 | 23.5 | Pharmaceuticals |
| BOSTON SCIENTIFIC CORP | Daniel J. Brennan | $765,959 | $0 | $2,588,909 | $5,252,206 | 39.2 | Health Care Equipment |
| ANSYS INC | Nicole Anasenes | $452,865 | $140,275 | $4,190,965 | $5,232,258 | 45.5 | Application Software |
| KRAFT HEINZ CO | Andre Maciel | $621,124 | $0 | $3,325,720 | $5,230,855 | Not CFO previous year | Packaged Foods & Meats |
| RXO INC | James E. Harris | $150,001 | $218,000 | $3,999,100 | $5,192,480 | Not CFO previous year | Cargo Ground Transportation |
| LAM RESEARCH CORP | Douglas R. Bettinger | $687,984 | $0 | $2,519,532 | $5,190,210 | -8.7 | Semiconductor Materials & Equipment |
| EXELIXIS INC | Christopher J. Senner | $716,172 | $0 | $4,093,312 | $5,182,270 | 76.5 | Biotechnology |
| WEX INC | Jagtar Narula | $294,231 | $0 | $3,984,766 | $5,179,989 | Not CFO previous year | Transaction & Payment Processing Services |
| SCHLUMBERGER LTD | Stephane Biguet | $850,000 | $0 | $3,499,993 | $5,179,970 | -6.8 | Oil & Gas Equipment & Services |
| SYNCHRONY FINANCIAL | Brian J. Wenzel, Sr. | $700,000 | $0 | $3,000,036 | $5,160,727 | 16.5 | Consumer Finance |
| SCHWAB (CHARLES) CORP | Peter Brooks Crawford | $688,462 | $0 | $1,800,045 | $5,160,201 | -25.1 | Investment Banking & Brokerage |
| TRIPADVISOR INC | Ernst J. Teunissen | $548,000 | $1,071,449 | $2,999,987 | $5,148,586 | 109 | Interactive Media & Services |
| POST HOLDINGS INC | Jeff A. Zadoks | $622,833 | $0 | $4,494,571 | $5,145,749 | -60.5 | Packaged Foods & Meats |
| KENNEDY-WILSON HOLDINGS INC | Justin Enbody | $700,000 | $0 | $3,123,988 | $5,142,488 | -1.2 | Real Estate Operating Companies |
| LEAR CORP | Jason M. Cardew | $826,167 | $0 | $2,990,707 | $5,139,609 | 33.5 | Automotive Parts & Equipment |
| HESS CORP | John P. Rielly | $850,000 | $0 | $2,080,042 | $5,138,344 | -6.3 | Oil & Gas Exploration & Production |
| PIONEER NATURAL RESOURCES CO | Neal H. Shah | $567,700 | $0 | $3,831,087 | $5,131,346 | 57.7 | Oil & Gas Exploration & Production |
| GXO LOGISTIC INC | Baris Oran | $586,154 | $0 | $3,847,196 | $5,130,906 | 143.6 | Air Freight & Logistics |
| UNITED STATES STEEL CORP | Jessica T. Graziano | $278,986 | $500,000 | $3,999,882 | $5,124,585 | #VALUE! | Steel |
| KIMBERLY-CLARK CORP | Nelson Urdaneta | $547,421 | $250,000 | $2,899,954 | $5,114,024 | #VALUE! | Household Products |
| WESTLAKE CORP | Mark Steven Bender, CPA | $686,385 | $0 | $2,215,440 | $5,110,783 | 41.9 | Commodity Chemicals |
| CAPRI HOLDINGS LTD | Thomas J. Edwards, Jr. | $800,000 | $0 | $3,000,010 | $5,088,710 | -3.2 | Apparel, Accessories & Luxury Goods |
| CSX CORP | Sean R. Pelkey | $600,000 | $0 | $2,292,067 | $5,062,375 | 107.3 | Rail Transportation |
| HCA HEALTHCARE INC | William B. Rutherford | $935,078 | $0 | $1,736,717 | $5,058,078 | -84.3 | Health Care Facilities |
| 8X8 INC | Samuel C. Wilson | $440,444 | $300,000 | $4,025,897 | $5,044,815 | 27.8 | Application Software |
| EMCOR GROUP INC | Mark A. Pompa | $765,000 | $0 | $881,204 | $5,042,447 | 2.4 | Construction & Engineering |
| IRON MOUNTAIN INC | Barry A. Hytinen | $744,232 | $0 | $3,263,716 | $5,041,723 | 18.3 | Other Specialized REITs |
| BUILDERS FIRSTSOURCE | Peter M. Jackson | $655,000 | $150,000 | $3,018,612 | $5,035,035 | -36.4 | Building Products |
| CHARTER COMMUNICATIONS INC | Jessica M. Fischer | $700,000 | $0 | $349,762 | $5,032,835 | -46.2 | Cable & Satellite |
| JAZZ PHARMACEUTICALS PLC | Renee D. Gala | $690,357 | $0 | $3,895,415 | $5,029,436 | 9.3 | Pharmaceuticals |
| TALOS ENERGY INC | Shannon E. Young, III | $524,530 | $0 | $3,852,442 | $5,020,472 | 64.3 | Oil & Gas Exploration & Production |
| COLGATE-PALMOLIVE CO | Stanley J. Sutula, III | $905,018 | $589,199 | $1,022,228 | $5,000,327 | 3.4 | Household Products |
| AVIS BUDGET GROUP INC | Brian J. Choi | $600,000 | $0 | $3,300,136 | $4,988,032 | 80.3 | Passenger Ground Transportation |
| ASSURED GUARANTY LTD | Robert Adam Bailenson | $800,000 | $0 | $1,881,741 | $4,987,281 | -5 | Property & Casualty Insurance |
| ADIENT PLC | Jeffrey M. Stafeil | $634,125 | $0 | $3,286,830 | $4,987,217 | 8.2 | Automotive Parts & Equipment |
| SYNAPTICS INC | Dean Warren Butler | $400,000 | $0 | $4,093,109 | $4,978,497 | 51.4 | Semiconductors |
| VENTAS INC | Robert F. Probst | $659,041 | $0 | $2,857,083 | $4,943,506 | -32.7 | Health Care REITs |
| NOV INC | Jose A. Bayardo | $685,000 | $0 | $2,448,193 | $4,938,890 | 24.4 | Oil & Gas Equipment & Services |
| EURONET WORLDWIDE INC | Rick L. Weller | $500,000 | $0 | $1,582,979 | $4,933,053 | -28 | Transaction & Payment Processing Services |
| CHUBB LTD | Peter C. Enns | $880,000 | $1,528,000 | $1,800,027 | $4,928,136 | -1 | Property & Casualty Insurance |
| NEUROCRINE BIOSCIENCES INC | Matthew C. Abernethy | $618,240 | $373,262 | $1,570,128 | $4,924,323 | -20.4 | Biotechnology |
| NORFOLK SOUTHERN CORP | Mark R. George | $675,000 | $0 | $2,041,089 | $4,902,491 | -3.4 | Rail Transportation |
| REXFORD INDUS REALTY | Laura Elizabeth Clark | $575,000 | $0 | $3,130,003 | $4,872,354 | 38.4 | Industrial REITs |
| JUNIPER NETWORKS INC | Kenneth Bradley Miller | $637,500 | $0 | $3,888,938 | $4,866,148 | 16.1 | Communications Equipment |
| DAVE & BUSTER'S ENTMT INC | Michael A. Quartieri | $522,500 | $100,000 | $2,618,182 | $4,863,808 | 1102.3 | Restaurants |
| OMEGA HEALTHCARE INVS INC | Robert O. Stephenson | $541,000 | $182,869 | $3,895,991 | $4,848,102 | 6.3 | Health Care REITs |
| KELLOGG CO | Amit Banati | $805,385 | $0 | $2,530,481 | $4,842,340 | 46.2 | Packaged Foods & Meats |
| YUM BRANDS INC | Christopher Lee Turner | $871,154 | $0 | $1,977,749 | $4,835,941 | -40.9 | Restaurants |
| FORTINET INC | Keith F. Jensen | $504,000 | $0 | $1,878,456 | $4,832,078 | -10.8 | Systems Software |
| PACCAR INC | Harrie C. A. M. Schippers | $994,038 | $0 | $1,320,000 | $4,829,618 | -4.8 | Construction Machinery & Heavy Transportation Equi |
| HUMANA INC | Susan Marie Diamond | $750,000 | $0 | $2,258,317 | $4,810,998 | -16.6 | Managed Health Care |
| VICI PROPERTIES INC | David Andrew Kieske | $575,000 | $0 | $2,782,500 | $4,808,494 | 51.9 | Other Specialized REITs |
| DUKE ENERGY CORP | Steven Keith Young | $798,299 | $0 | $2,832,977 | $4,794,344 | 10.1 | Electric Utilities |
| AGCO CORP | Damon J. Audia | $350,000 | $0 | $3,207,997 | $4,792,556 | Not CFO previous year | Agricultural & Farm Machinery |
| AGILENT TECHNOLOGIES INC | Robert W. McMahon | $696,365 | $0 | $2,626,453 | $4,790,676 | -11.6 | Life Sciences Tools & Services |
| KNIGHT-SWIFT TRPTN HLDGS INC | Adam W. Miller | $803,365 | $0 | $2,563,484 | $4,775,506 | 2.5 | Cargo Ground Transportation |
| CALERES INC | Kenneth H. Hannah | $452,607 | $0 | $1,094,678 | $4,771,358 | 102.8 | Apparel Retail |
| MODERNA INC | David W. Meline | $426,497 | $428,055 | $1,918,342 | $4,768,145 | -12 | Biotechnology |
| ARROWHEAD PHARMACEUTICAL INC | Kenneth A. Myszkowski | $509,648 | $0 | $3,978,000 | $4,739,552 | -48.1 | Biotechnology |
| AKAMAI TECHNOLOGIES INC | Edward J. McGowan | $515,000 | $0 | $4,208,604 | $4,727,169 | 14.5 | Internet Services & Infrastructure |
| TRANE TECHNOLOGIES PLC | Christopher J. Kuehn | $762,500 | $0 | $1,900,662 | $4,713,159 | -5.3 | Building Products |
| HERSHEY CO | Steven E. Voskuil | $750,000 | $0 | $2,027,770 | $4,705,503 | 17.4 | Packaged Foods & Meats |
| DAVITA INC | Joel Ackerman | $700,000 | $0 | $1,985,362 | $4,702,708 | -74.9 | Health Care Services |
| AMETEK INC | William Joseph Burke | $676,502 | $108,240 | $2,393,717 | $4,702,675 | 37.8 | Electrical Components & Equipment |
| ATI INC -NEW | Donald P. Newman | $600,000 | $116,667 | $2,908,431 | $4,690,822 | 49 | Steel |
| TRANSOCEAN LTD | Mark-Anthony Lovell Mey, Sr. | $760,000 | $0 | $2,899,756 | $4,689,538 | -18.5 | Oil & Gas Drilling |
| VORNADO REALTY TRUST | Michael J. Franco | $1,000,000 | $1,500,000 | $2,117,143 | $4,688,933 | -6.2 | Office REITs |
| TERADATA CORP | Claire Bramley | $500,000 | $0 | $3,662,168 | $4,681,883 | -33.5 | Systems Software |
| FISERV INC | Robert W. Hau | $625,000 | $0 | $4,052,789 | $4,677,789 | -84.1 | Transaction & Payment Processing Services |
| PARKER-HANNIFIN CORP | Todd M. Leombruno | $736,667 | $0 | $1,412,505 | $4,670,334 | -22 | Industrial Machinery & Supplies & Components |
| HOME DEPOT INC | Richard V. McPhail | $872,154 | $0 | $2,276,663 | $4,661,157 | -53.5 | Home Improvement Retail |
| CBOE GLOBAL MARKETS INC | Brian Norman Schell | $525,000 | $0 | $2,681,830 | $4,652,340 | 35.6 | Financial Exchanges & Data |
| NORWEGIAN CRUISE LINE HLDGS | Mark A. Kempa | $900,000 | $0 | $1,895,383 | $4,649,640 | -23.7 | Hotels, Resorts & Cruise Lines |
| ULTA BEAUTY INC | Scott M. Settersten | $767,125 | $0 | $1,753,629 | $4,648,017 | 237.9 | Other Specialty Retail |
| CARRIER GLOBAL CORP | Patrick P. Goris | $748,750 | $0 | $1,453,401 | $4,642,443 | -16.1 | Building Products |
| PACKAGING CORP OF AMERICA | Robert P. Mundy | $738,690 | $0 | $2,225,016 | $4,640,293 | 11 | Paper & Plastic Packaging Products & Materials |
| EASTMAN CHEMICAL CO | William Thomas McLain, Jr. | $766,118 | $0 | $2,844,533 | $4,636,347 | -9.6 | Specialty Chemicals |
| TUESDAY MORNING CORP | Marc D. Katz | $567,628 | $100,000 | $3,692,366 | $4,609,149 | Not CFO previous year | Broadline Retail |
| PRIVIA HEALTH GROUP INC | Jeffrey S. Sherman, M.B.A. | $149,916 | $0 | $1,532,675 | $4,607,583 | Not CFO previous year | Health Care Services |
| AUTOZONE INC | Jamere Jackson | $708,462 | $0 | $0 | $4,576,867 | -46 | Automotive Retail |
| AUTODESK INC | Deborah L. Clifford | $626,318 | $91,233 | $3,781,422 | $4,568,422 | -58.2 | Application Software |
| M/I HOMES INC | Phillip G. Creek | $750,000 | $0 | $612,087 | $4,558,660 | -18.6 | Homebuilding |
| NEKTAR THERAPEUTICS | Jillian B. Thomsen | $522,200 | $0 | $1,629,478 | $4,558,317 | Not CFO previous year | Pharmaceuticals |
| JACOBS SOLUTIONS INC | Kevin C. Berryman | $855,385 | $0 | $3,200,038 | $4,555,206 | 29.8 | Research & Consulting Services |
| DUPONT DE NEMOURS INC | Lori D. Koch | $741,667 | $0 | $2,556,721 | $4,539,708 | -10.9 | Specialty Chemicals |
| PTC INC | Kristian P. Talvitie | $519,231 | $0 | $3,363,922 | $4,539,389 | -3.1 | Application Software |
| DISCOVER FINANCIAL SVCS | John Thomas Greene | $700,000 | $0 | $2,275,211 | $4,528,276 | -0.3 | Consumer Finance |
| KB HOME | Jeff J. Kaminski | $785,417 | $0 | $1,400,008 | $4,517,860 | 3.4 | Homebuilding |
| HILTON GRAND VACATIONS | Daniel J. Mathewes | $650,000 | $0 | $1,389,364 | $4,501,994 | -33.7 | Hotels, Resorts & Cruise Lines |
| CHARLES RIVER LABS INTL INC | Flavia H. Pease | $403,844 | $200,000 | $2,883,429 | $4,484,150 | Not CFO previous year | Life Sciences Tools & Services |
| CINCINNATI FINANCIAL CORP | Michael James Sewell, CPA, CPA | $943,156 | $0 | $1,234,675 | $4,480,608 | 28 | Property & Casualty Insurance |
| ENOVA INTERNATIONAL INC | Steven E. Cunningham | $553,375 | $202,143 | $2,116,260 | $4,479,971 | 15.7 | Consumer Finance |
| ENOVIS CORP | Christopher M. Hix | $650,000 | $2,000,000 | $1,292,047 | $4,475,412 | -7.2 | Health Care Equipment |
| PVH CORP | Zachary James Coughlin | $705,114 | $0 | $2,140,275 | $4,473,203 | Not CFO previous year | Apparel, Accessories & Luxury Goods |
| EQUIFAX INC | John W. Gamble, Jr. | $750,000 | $0 | $2,437,902 | $4,469,995 | 5.7 | Research & Consulting Services |
| ROCKWELL AUTOMATION | Nicholas C. Gangestad | $819,425 | $0 | $2,240,235 | $4,466,892 | -41.1 | Electrical Components & Equipment |
| NABORS INDUSTRIES LTD | William J. Restrepo | $748,077 | $0 | $1,751,742 | $4,465,274 | 25.1 | Oil & Gas Drilling |
| CHURCHILL DOWNS INC | Marcia Ann Dall, CPA | $826,923 | $0 | $2,179,699 | $4,464,312 | 20.5 | Casinos & Gaming |
| HEALTHEQUITY INC | Tyson Murdock | $391,917 | $0 | $3,702,566 | $4,457,884 | 64.9 | Managed Health Care |
| PINNACLE FINL PARTNERS INC | Harold R. Carpenter, Jr. | $578,000 | $0 | $3,282,850 | $4,449,859 | 95 | Regional Banks |
| TAPESTRY INC | Scott A. Roe | $925,000 | $250,000 | $1,100,018 | $4,444,959 | 412.4 | Apparel, Accessories & Luxury Goods |
| TYSON FOODS INC -CL A | Stewart F. Glendinning | $787,000 | $0 | $1,553,214 | $4,438,501 | -16.9 | Packaged Foods & Meats |
| ARCHER-DANIELS-MIDLAND CO | Vikram Luthar | $704,798 | $0 | $2,411,505 | $4,438,428 | Not CFO previous year | Agricultural Products & Services |
| BIO-TECHNE CORP | James T. Hippel | $636,600 | $0 | $624,760 | $4,436,029 | -10.9 | Life Sciences Tools & Services |
| INNOVATIVE INDUSTRIAL PPTYS | Catherine Hastings, CPA | $400,000 | $600,000 | $3,400,509 | $4,409,659 | 62.5 | Industrial REITs |
| LIVEPERSON INC | John Deneen Collins | $506,250 | $0 | $3,745,412 | $4,408,986 | 213.8 | Application Software |
| BROWN & BROWN INC | R. Andrew Watts | $600,000 | $60,000 | $2,689,057 | $4,408,516 | 38.2 | Insurance Brokers |
| AMPHENOL CORP | Craig A. Lampo | $650,000 | $0 | $0 | $4,373,930 | -79.1 | Electronic Components |
| HARLEY-DAVIDSON INC | Gina Goetter | $550,000 | $0 | $3,250,308 | $4,370,053 | 114.8 | Motorcycle Manufacturers |
| JANUS HENDERSON GROUP PLC | Roger Martin James Thompson | $442,764 | $941,119 | $2,336,443 | $4,365,335 | 36.4 | Asset Management & Custody Banks |
| VERITEX HOLDINGS INC | Terry S. Earley | $500,000 | $419,500 | $3,343,964 | $4,365,086 | 57.5 | Regional Banks |
| MDC HOLDINGS INC | Robert Nathaniel Martin | $850,000 | $1,500,000 | $1,999,966 | $4,359,386 | 20 | Homebuilding |
| UFP INDUSTRIES INC | Michael Richard Cole, CMA, CPA | $444,684 | $0 | $2,951,424 | $4,356,028 | -11.1 | Building Products |
| FLEETCOR TECHNOLOGIES INC | Charles Richard Freund | $388,774 | $0 | $1,535,089 | $4,351,410 | 224.7 | Transaction & Payment Processing Services |
| MATIV HOLDINGS INC | R. Andrew Wamser, Jr. | $531,731 | $0 | $3,195,832 | $4,348,919 | 180.1 | Commodity Chemicals |
| NORTHERN TRUST CORP | Jason Jerrome Tyler | $587,500 | $0 | $2,520,081 | $4,348,108 | 18 | Asset Management & Custody Banks |
| MARATHON OIL CORP | Dane E. Whitehead | $590,000 | $0 | $2,580,829 | $4,343,407 | 137.1 | Oil & Gas Exploration & Production |
| AVALONBAY COMMUNITIES INC | Kevin P. O'Shea | $600,000 | $0 | $2,602,358 | $4,340,241 | 14.9 | Multi-Family Residential REITs |
| NXP SEMICONDUCTORS NV | William J. Betz | $495,346 | $0 | $3,180,859 | $4,334,292 | 5 | Semiconductors |
| JOHNSON CONTROLS INTL PLC | Olivier C. Leonetti | $775,000 | $0 | $2,174,863 | $4,334,104 | -10.8 | Building Products |
| CITIZENS FINANCIAL GROUP INC | John F. Woods | $700,000 | $1,215,000 | $2,374,765 | $4,332,555 | -10.5 | Regional Banks |
| TARGET CORP | Michael J. Fiddelke | $746,027 | $184,673 | $3,102,051 | $4,330,602 | -32.9 | Consumer Staples Merchandise Retail |
| SYSCO CORP | Aaron E. Alt | $789,247 | $0 | $1,804,782 | $4,322,593 | 19.8 | Food Distributors |
| WEC ENERGY GROUP INC | Xia Liu, C.F.A. | $766,549 | $0 | $1,424,199 | $4,314,429 | 9.4 | Multi-Utilities |
| TRIMBLE INC | David G. Barnes | $515,000 | $0 | $3,478,978 | $4,312,635 | -6.5 | Electronic Equipment & Instruments |
| AMEREN CORP | Michael L. Moehn | $785,000 | $0 | $2,438,476 | $4,303,166 | 11.1 | Multi-Utilities |
| LUMENTUM HOLDINGS INC | Wajid Ali, B.A., C.M.A., M.A., M.B.A. | $516,154 | $0 | $3,317,096 | $4,269,379 | 5.5 | Communications Equipment |
| INVESCO LTD | Laura Allison Dukes | $500,000 | $0 | $2,649,987 | $4,260,038 | 11.4 | Asset Management & Custody Banks |
| COMPASS MINERALS INTL INC | Lorin James Crenshaw | $447,917 | $637,000 | $2,576,841 | $4,255,371 | Not CFO previous year | Diversified Metals & Mining |
| REDWOOD TRUST INC | Brooke E. Carillo | $700,000 | $0 | $2,999,987 | $4,246,987 | -56.1 | Mortgage REITs |
| JABIL INC | Michael Dastoor | $700,000 | $0 | $2,056,286 | $4,244,748 | -18.7 | Electronic Manufacturing Services |
| SEI INVESTMENTS CO | Dennis J. McGonigle | $642,692 | $0 | $1,049,000 | $4,243,789 | 27.4 | Asset Management & Custody Banks |
| MOODY'S CORP | Mark Bradley Kaye | $709,872 | $0 | $2,079,816 | $4,241,491 | -2.9 | Financial Exchanges & Data |
| ALIGN TECHNOLOGY INC | John F. Morici | $597,308 | $0 | $3,626,393 | $4,238,884 | -22.5 | Health Care Supplies |
| NMI HOLDINGS INC | Ravi Mallela | $470,000 | $0 | $3,089,991 | $4,236,921 | Not CFO previous year | Commercial & Residential Mortgage Finance |
| SONIC AUTOMOTIVE INC -CL A | Heath R. Byrd | $930,001 | $0 | $1,657,834 | $4,221,802 | 72 | Automotive Retail |
| RYDER SYSTEM INC | John J. Diez | $663,000 | $0 | $2,152,795 | $4,218,092 | 2.4 | Cargo Ground Transportation |
| PRINCIPAL FINANCIAL GRP INC | Deanna Dawnette Strable-Soethout | $686,385 | $0 | $2,323,577 | $4,215,598 | 14.9 | Life & Health Insurance |
| ARCH CAPITAL GROUP LTD | Francois Morin | $675,000 | $0 | $1,049,474 | $4,210,710 | 12 | Property & Casualty Insurance |
| INTL PAPER CO | Timothy S. Nicholls | $770,833 | $0 | $2,950,892 | $4,195,008 | -10.5 | Paper & Plastic Packaging Products & Materials |
| BOSTON PROPERTIES INC | Michael E. LaBelle | $525,000 | $0 | $1,921,544 | $4,193,404 | -2.4 | Office REITs |
| COMMUNITY HEALTH SYSTEMS INC | Kevin J. Hammons | $750,000 | $0 | $2,290,500 | $4,191,086 | -23.9 | Health Care Facilities |
| CIRRUS LOGIC INC | Venkatesh R. Nathamuni | $415,385 | $150,000 | $1,816,904 | $4,189,765 | Not CFO previous year | Semiconductors |
| CERIDIAN HCM HOLDING | Noemie Clemence Heuland | $600,000 | $0 | $3,429,872 | $4,188,962 | 330.8 | Human Resource & Employment Services |
| SOLARWINDS CORP | J. Barton Kalsu | $440,000 | $0 | $3,736,515 | $4,188,715 | -26.6 | Systems Software |
| KIMCO REALTY CORP | Glenn Gary Cohen, CPA | $675,000 | $0 | $2,141,988 | $4,188,582 | 8.9 | Retail REITs |
| R1 RCM INC | Rachel Wilson | $500,000 | $250,000 | $3,000,001 | $4,185,711 | 45.6 | Health Care Services |
| JONES LANG LASALLE INC | Karen G. Brennan | $500,000 | $0 | $2,247,954 | $4,178,304 | -63.8 | Real Estate Services |
| ALLEGRO MICROSYSTEMS INC | Derek P. D'Antilio | $407,692 | $0 | $3,124,457 | $4,165,671 | 127.1 | Semiconductors |
| PATTERSON-UTI ENERGY INC | C. Andrew Smith | $450,000 | $0 | $2,718,489 | $4,165,064 | 29.8 | Oil & Gas Drilling |
| AMEDISYS INC | Scott G. Ginn | $582,692 | $0 | $3,125,170 | $4,160,241 | -24 | Health Care Services |
| CHESAPEAKE ENERGY CORP | Mohit Singh | $525,000 | $0 | $2,806,674 | $4,132,630 | 64.1 | Oil & Gas Exploration & Production |
| HUNTINGTON BANCSHARES | Zachary J. Wasserman | $671,875 | $50,000 | $1,999,980 | $4,130,499 | 41.2 | Regional Banks |
| CROWN CASTLE INC | Daniel K. Schlanger | $618,077 | $0 | $2,583,864 | $4,127,679 | -16.7 | Telecom Tower REITs |
| SERVICE CORP INTERNATIONAL | Eric Tanzberger | $630,000 | $0 | $1,047,747 | $4,125,769 | -25.2 | Specialized Consumer Services |
| DRIL-QUIP INC | Kyle F. McClure | $403,726 | $200,000 | $3,193,781 | $4,118,844 | Not CFO previous year | Oil & Gas Equipment & Services |
| CBL & ASSOCIATES PPTYS INC | Farzana Mitchell Khaleel, CPA | $522,792 | $138,033 | $1,507,724 | $4,117,722 | 63.3 | Retail REITs |
| EVEREST RE GROUP LTD | Mark Kociancic | $875,000 | $0 | $1,589,090 | $4,114,621 | -37.7 | Reinsurance |
| EATON CORP PLC | Thomas B. Okray | $849,063 | $224,142 | $1,804,348 | $4,109,231 | -65.2 | Electrical Components & Equipment |
| HEALTHPEAK PROPERTIES INC | Peter A. Scott | $650,000 | $0 | $2,001,834 | $4,107,934 | 8.6 | Health Care REITs |
| FOOT LOCKER INC | Andrew E. Page | $641,250 | $0 | $1,040,019 | $4,103,386 | 14.8 | Apparel Retail |
| APOLLO MEDICAL HOLDING INC | Chandan Basho | $195,000 | $385,000 | $3,308,377 | $4,103,227 | Not CFO previous year | Health Care Services |
| PRICE (T. ROWE) GROUP | Jennifer Benson Dardis | $350,000 | $0 | $1,350,160 | $4,088,264 | 6.4 | Asset Management & Custody Banks |
| GAP INC | Katrina O'Connell | $866,538 | $0 | $2,521,291 | $4,088,089 | -40.5 | Apparel Retail |
| PROGRESSIVE CORP-OHIO | John Peter Sauerland | $672,116 | $0 | $2,531,445 | $4,082,590 | -12.8 | Property & Casualty Insurance |
| AUTONATION INC | Joseph T. Lower | $806,297 | $0 | $1,999,992 | $4,080,175 | -62.7 | Automotive Retail |
| MURPHY OIL CORP | Thomas J. Mireles | $475,014 | $0 | $2,879,692 | $4,079,995 | 90.1 | Oil & Gas Exploration & Production |
| ZIFF DAVIS INC | Bret Richter | $625,000 | $0 | $3,127,039 | $4,060,613 | Not CFO previous year | Interactive Media & Services |
| AFLAC INC | Max Kristian Broden | $655,000 | $0 | $1,724,741 | $4,039,185 | -7.1 | Life & Health Insurance |
| CDW CORP | Albert Joseph Miralles, Jr. | $650,000 | $0 | $1,099,917 | $4,034,562 | -43.2 | Technology Distributors |
| ROBERT HALF INTL INC | Michael C. Buckley | $350,000 | $0 | $1,755,150 | $4,019,460 | 5.4 | Human Resource & Employment Services |
| AMERICAN WATER WORKS CO INC | John C. Griffith | $460,099 | $950,000 | $1,812,518 | $4,011,837 | Not CFO previous year | Water Utilities |
| WYNDHAM HOTELS & RESRTS | Michele Allen | $525,393 | $0 | $2,749,866 | $4,007,584 | -72.6 | Hotels, Resorts & Cruise Lines |
| DOVER CORP | Brad M. Cerepak | $747,448 | $771,151 | $1,467,135 | $4,005,610 | -69.3 | Industrial Machinery & Supplies & Components |
| SHUTTERSTOCK INC | Jarrod Yahes | $550,000 | $0 | $3,074,684 | $4,001,634 | 1.8 | Interactive Media & Services |
| HOST HOTELS & RESORTS INC | Sourav Ghosh | $600,000 | $0 | $2,410,527 | $3,999,293 | 46.7 | Hotel & Resort REITs |
| EQT CORP | David M. Khani, CFA | $540,000 | $0 | $3,005,765 | $3,994,415 | -30.4 | Oil & Gas Exploration & Production |
| RENAISSANCERE HOLDINGS LTD | Robert Qutub | $650,000 | $0 | $1,624,832 | $3,985,514 | 13.9 | Reinsurance |
| CF INDUSTRIES HOLDINGS INC | Christopher D. Bohn | $660,000 | $0 | $2,166,292 | $3,967,848 | 41.8 | Fertilizers & Agricultural Chemicals |
| F5 INC | Francis J. Pelzer, V | $540,000 | $0 | $2,988,305 | $3,966,495 | 10.1 | Communications Equipment |
| KITE REALTY GROUP TRUST | Heath R. Fear | $550,000 | $0 | $2,211,276 | $3,962,916 | 117.6 | Retail REITs |
| RESIDEO TECHNOLOGIES | Anthony L. Trunzo | $625,684 | $0 | $2,815,717 | $3,961,409 | -10.2 | Building Products |
| DOUBLEVERIFY HOLD INC | Nicola T. Allais | $400,000 | $0 | $1,625,000 | $3,941,366 | 254.1 | Application Software |
| O-I GLASS INC | John A. Haudrich | $703,000 | $0 | $2,049,069 | $3,937,229 | 17.1 | Metal, Glass & Plastic Containers |
| REPUBLIC SERVICES INC | Brian M. DelGhiaccio | $610,866 | $0 | $1,837,795 | $3,936,088 | 19.2 | Environmental & Facilities Services |
| VALARIS LTD | Christopher T. Weber | $217,885 | $0 | $3,564,929 | $3,913,039 | Not CFO previous year | Oil & Gas Drilling |
| REINSURANCE GROUP AMER INC | Todd Cory Larson | $675,000 | $0 | $742,514 | $3,912,745 | -9.9 | Reinsurance |
| LOWE'S COS INC | Brandon J. Sink | $620,868 | $0 | $1,329,324 | $3,909,833 | Not CFO previous year | Home Improvement Retail |
| REGIONS FINANCIAL CORP | David Jackson Turner, Jr. | $683,153 | $0 | $944,551 | $3,894,801 | 4.4 | Regional Banks |
| ASSURANT INC | Richard Steven Dziadzio | $680,000 | $0 | $2,417,074 | $3,888,101 | 2.8 | Multi-line Insurance |
| FIRST AMERICAN FINANCIAL CP | Mark Edward Seaton | $665,000 | $0 | $2,641,705 | $3,883,355 | -4.2 | Property & Casualty Insurance |
| CARDINAL HEALTH INC | Jason M. Hollar | $729,247 | $0 | $2,762,792 | $3,882,699 | 177.1 | Health Care Distributors |
| THRYV HOLDINGS INC | Paul D. Rouse | $521,673 | $0 | $0 | $3,877,120 | 172.4 | Advertising |
| FULGENT GENETICS INC | Paul Kim | $579,167 | $128,440 | $3,115,000 | $3,872,587 | 478.1 | Health Care Services |
| WHIRLPOOL CORP | James W. Peters | $841,667 | $0 | $1,968,546 | $3,868,145 | -70.5 | Household Appliances |
| HEALTHCARE REALTY TRUST INC | James Christopher Douglas | $450,000 | $0 | $2,663,117 | $3,866,488 | 120.4 | Health Care REITs |
| OTIS WORLDWIDE CORP | Rahul Ghai | $500,000 | $0 | $2,372,187 | $3,863,948 | -35.4 | Industrial Machinery & Supplies & Components |
| EQUITY RESIDENTIAL | Robert A. Garechana | $600,000 | $0 | $2,127,400 | $3,861,550 | 67.1 | Multi-Family Residential REITs |
| EDWARDS LIFESCIENCES CORP | Scott B. Ullem | $704,816 | $0 | $1,314,025 | $3,861,399 | -6.3 | Health Care Equipment |
| VITAL ENGY INC | Bryan J. Lemmerman | $468,269 | $0 | $2,976,911 | $3,860,070 | 34.7 | Oil & Gas Exploration & Production |
| VERISIGN INC | George E. Kilguss, III | $546,923 | $0 | $2,799,772 | $3,846,203 | 12 | Internet Services & Infrastructure |
| NNN REIT INC | Kevin B. Habicht | $620,000 | $0 | $1,779,478 | $3,845,594 | 6.2 | Retail REITs |
| ALLSTATE CORP | Mario Rizzo | $793,750 | $0 | $1,490,699 | $3,842,783 | -13.4 | Property & Casualty Insurance |
| WILLIAMS COS INC | John D. Porter | $550,000 | $0 | $2,400,017 | $3,839,695 | Not CFO previous year | Oil & Gas Storage & Transportation |
| FIRSTCASH HOLDINGS INC | R. Douglas Orr | $723,060 | $0 | $1,788,532 | $3,828,917 | 34.4 | Consumer Finance |
| CARLISLE COS INC | Kevin P. Zdimal | $609,673 | $0 | $1,902,805 | $3,827,189 | #VALUE! | Building Products |
| SOUTHERN CO | Daniel S. Tucker | $711,113 | $0 | $2,127,069 | $3,819,380 | 9.5 | Electric Utilities |
| MALLINCKRODT PLC | Bryan M. Reasons | $611,308 | $150,000 | $2,290,137 | $3,816,999 | 35.8 | Pharmaceuticals |
| BLOCK H & R INC | Tony G. Bowen | $618,561 | $0 | $1,866,715 | $3,801,917 | 30.3 | Specialized Consumer Services |
| SL GREEN REALTY CORP | Matthew J. DiLiberto | $575,000 | $725,000 | $2,488,387 | $3,800,587 | -0.8 | Office REITs |
| MACOM TECHNLGY SOL HLDGS INC | John F. Kober, III | $475,000 | $0 | $2,787,632 | $3,799,287 | 148.7 | Semiconductors |
| LATTICE SEMICONDUCTOR CORP | Sherri R. Luther | $405,256 | $0 | $2,831,937 | $3,797,406 | -75.3 | Semiconductors |
| CNA FINANCIAL CORP | Scott Robert Lindquist, CPA | $684,295 | $0 | $1,364,990 | $3,797,027 | Not CFO previous year | Property & Casualty Insurance |
| STARBUCKS CORP | Rachel Ruggeri | $833,085 | $0 | $2,951,606 | $3,796,396 | 2.3 | Restaurants |
| TOLL BROTHERS INC | Martin P. Connor | $1,020,192 | $0 | $1,372,414 | $3,789,761 | -20.6 | Homebuilding |
| GLOBE LIFE INC | Frank Martin Svoboda | $650,000 | $0 | $1,135,530 | $3,785,166 | -64.3 | Life & Health Insurance |
| MASTEC INC | George L. Pita | $536,510 | $0 | $2,500,000 | $3,773,136 | -0.3 | Construction & Engineering |
| CME GROUP INC | John William Pietrowicz, CPA, M.B.A. | $600,000 | $0 | $1,879,270 | $3,770,243 | 4 | Financial Exchanges & Data |
| BRINKS CO | Ronald J. Domanico | $666,667 | $0 | $1,999,913 | $3,769,516 | 116.2 | Security & Alarm Services |
Highest Paid CFO FAQs
How much does the highest paid CFO make in the US?
The current highest paid CFO earned $139 million in total compensation, largely driven by equity awards tied to a leadership transition.
What is the average CFO salary in the Fortune 500?
The average CFO salary in the Fortune 500 typically ranges from $3M to $5M annually, though top earners exceed $20M depending on equity awards.
Which industries have the highest paid CFOs?
Technology and semiconductor companies dominate the top ranks, followed by financial services and large consumer enterprises.
Is executive compensation for CFOs mostly salary or equity?
For most highest paid CFOs, equity represents the majority of total compensation. Base salary typically accounts for a smaller percentage.
How does CFO pay compare to CEOs?
CFOs typically earn 30%–39% of CEO compensation in large public companies, according to Compensation Advisory Partners.
Do private company CFOs earn as much?
Private companies do not disclose pay publicly. While some may offer competitive packages, public company equity awards often result in higher reported total compensation.
What is the difference between the average CFO salary vs top earners?
Median CFO compensation is typically under $5M, while the top CFO salary packages exceed $20M and can reach nine figures during transition years.
