Eric D Ashleman
First SEC filing: Aug. 19, 2024 · Latest: Aug. 19, 2024
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Aug. 20, 2026 | MOD | A | 812 | · | · | 43,162 Direct | +1.92% | Acquired | (price as of 2026-10-02) |
| June 16, 2026 | MOD | S | 5,939 | $291.12 | $1,728,962 | 42,350 Direct | -12.30% | Disposed | -38.8% (price as of 2026-10-02) |
| June 16, 2026 | MOD | S | 4,511 | $287.45 | $1,296,687 | 48,289 Direct | -8.54% | Disposed | -38.0% (price as of 2026-10-02) |
| June 16, 2026 | MOD | S | 4,550 | $286.27 | $1,302,528 | 52,800 Direct | -7.93% | Disposed | -37.8% (price as of 2026-10-02) |
| May 11, 2026 | IEX | M | 15,385 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| May 11, 2026 | IEX | S | 4,915 | $215.81 | $1,060,706 | 66,658 Direct | -6.87% | Disposed | 8.0% (price as of 2026-10-02) |
| May 11, 2026 | IEX | S | 10,470 | $214.95 | $2,250,526 | 71,573 Direct | -12.76% | Disposed | 8.4% (price as of 2026-10-02) |
| May 11, 2026 | IEX | M | 15,385 | $93.27 | $1,434,959 | 82,043 Direct | +23.08% | Acquired | 149.8% (price as of 2026-10-02) |
| Feb. 22, 2026 | IEX | A | 38,165 | · | · | 38,165 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 22, 2026 | IEX | A | 9,040 | · | · | 66,658 Direct | +15.69% | Acquired | (price as of 2026-10-02) |
| Aug. 21, 2025 | MOD | A | 1,149 | · | · | 57,350 Direct | +2.04% | Acquired | (price as of 2026-10-02) |
| Feb. 20, 2025 | IEX | A | 32,555 | · | · | 32,555 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 20, 2025 | IEX | A | 7,760 | · | · | 57,618 Direct | +15.56% | Acquired | (price as of 2026-10-02) |
| Feb. 11, 2025 | IEX | F | 3,137 | $196.45 | $616,264 | 49,858 Direct | -5.92% | Disposed | 18.6% (price as of 2026-10-02) |
| Feb. 11, 2025 | IEX | A | 7,053 | $196.45 | $1,385,562 | 52,995 Direct | +15.35% | Acquired | 18.6% (price as of 2026-10-02) |
| Aug. 15, 2024 | MOD | A | 1,320 | · | · | 56,201 Direct | +2.41% | Acquired | (price as of 2026-10-02) |
| Feb. 22, 2024 | IEX | A | 46,070 | · | · | 46,070 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 13, 2024 | IEX | A | 4,695 | $226.97 | $1,065,624 | 48,032 Direct | +10.83% | Acquired | 2.7% (price as of 2026-10-02) |
| Feb. 13, 2024 | IEX | F | 2,090 | $226.97 | $474,367 | 45,942 Direct | -4.35% | Disposed | 2.7% (price as of 2026-10-02) |
| Aug. 17, 2023 | MOD | A | 3,427 | · | · | 54,881 Direct | +6.66% | Acquired | (price as of 2026-10-02) |
| Feb. 23, 2023 | IEX | A | 39,065 | · | · | 39,065 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 18, 2023 | IEX | A | 8,737 | $231.00 | $2,018,247 | 47,217 Direct | +22.71% | Acquired | 0.9% (price as of 2026-10-02) |
| Feb. 18, 2023 | IEX | F | 3,880 | $231.00 | $896,280 | 43,337 Direct | -8.22% | Disposed | 0.9% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 5,848 | $74.74 | $437,080 | 44,328 Direct | +15.20% | Acquired | 211.7% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 10,000 | $93.27 | $932,700 | 54,328 Direct | +22.56% | Acquired | 149.8% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | S | 3,360 | $218.10 | $732,816 | 50,968 Direct | -6.18% | Disposed | 6.8% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | S | 9,426 | $219.07 | $2,064,954 | 41,542 Direct | -18.49% | Disposed | 6.4% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | S | 3,062 | $219.66 | $672,599 | 38,480 Direct | -7.37% | Disposed | 6.1% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 5,848 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 10,000 | · | · | 15,385 Direct | -39.39% | Disposed | (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 5,848 | $218.98 | $1,280,595 | 44,328 Direct | +15.20% | Acquired | 6.4% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | S | 5,848 | $74.74 | $437,080 | 38,480 Direct | -13.19% | Disposed | 211.7% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 10,000 | $218.98 | $2,189,800 | 48,480 Direct | +25.99% | Acquired | 6.4% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | S | 10,000 | $93.27 | $932,700 | 38,480 Direct | -20.63% | Disposed | 149.8% (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 5,848 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Oct. 28, 2022 | IEX | M | 10,000 | · | · | 15,385 Direct | -39.39% | Disposed | (price as of 2026-10-02) |
| July 21, 2022 | MOD | A | 10,682 | · | · | 51,454 Direct | +26.20% | Acquired | (price as of 2026-10-02) |
| Feb. 24, 2022 | IEX | A | 49,355 | · | · | 193,358 Direct | +34.27% | Acquired | (price as of 2026-10-02) |
| Feb. 16, 2022 | IEX | A | 7,165 | $191.27 | $1,370,450 | 36,402 Direct | +24.51% | Acquired | 21.8% (price as of 2026-10-02) |
| Feb. 16, 2022 | IEX | F | 3,175 | $191.27 | $607,282 | 33,227 Direct | -8.72% | Disposed | 21.8% (price as of 2026-10-02) |
| Feb. 16, 2022 | IEX | A | 9,446 | $191.27 | $1,806,736 | 42,673 Direct | +28.43% | Acquired | 21.8% (price as of 2026-10-02) |
| Feb. 16, 2022 | IEX | F | 4,193 | $191.27 | $801,995 | 38,480 Direct | -9.83% | Disposed | 21.8% (price as of 2026-10-02) |
| Aug. 25, 2021 | MOD | J | 8,160 | · | · | 32,612 Direct | -20.01% | Disposed | (price as of 2026-10-02) |
| Aug. 25, 2021 | MOD | A | 8,160 | · | · | 40,772 Direct | +25.02% | Acquired | (price as of 2026-10-02) |
| July 22, 2021 | MOD | A | 8,160 | · | · | 40,772 Direct | +25.02% | Acquired | (price as of 2026-10-02) |
| Feb. 25, 2021 | IEX | A | 47,955 | · | · | 144,003 Direct | +49.93% | Acquired | (price as of 2026-10-02) |
| Feb. 12, 2021 | IEX | A | 10,342 | $198.00 | $2,047,716 | 33,826 Direct | +44.04% | Acquired | 17.7% (price as of 2026-10-02) |
| Feb. 12, 2021 | IEX | F | 4,589 | $198.00 | $908,622 | 29,237 Direct | -13.57% | Disposed | 17.7% (price as of 2026-10-02) |
| Aug. 14, 2020 | IEX | S | 8,101 | $176.11 | $1,426,667 | 23,484 Direct | -25.65% | Disposed | 32.3% (price as of 2026-10-02) |
| July 23, 2020 | MOD | A | 23,992 | · | · | 32,612 Direct | +278.33% | Acquired | (price as of 2026-10-02) |
| May 8, 2020 | IEX | M | 8,850 | $77.61 | $686,848 | 40,435 Direct | +28.02% | Acquired | 200.2% (price as of 2026-10-02) |
| May 8, 2020 | IEX | S | 8,850 | $155.48 | $1,375,998 | 31,585 Direct | -21.89% | Disposed | 49.9% (price as of 2026-10-02) |
| May 8, 2020 | IEX | M | 1,150 | $74.74 | $85,951 | 32,735 Direct | +3.64% | Acquired | 211.7% (price as of 2026-10-02) |
| May 8, 2020 | IEX | S | 1,150 | $155.48 | $178,802 | 31,585 Direct | -3.51% | Disposed | 49.9% (price as of 2026-10-02) |
| May 8, 2020 | IEX | M | 8,850 | · | · | 97,198 Direct | -8.35% | Disposed | (price as of 2026-10-02) |
| May 8, 2020 | IEX | M | 1,150 | · | · | 96,048 Direct | -1.18% | Disposed | (price as of 2026-10-02) |
| Feb. 21, 2020 | IEX | A | 25,490 | · | · | 106,048 Direct | +31.64% | Acquired | (price as of 2026-10-02) |
| Feb. 7, 2020 | IEX | A | 16,425 | $171.19 | $2,811,796 | 38,878 Direct | +73.15% | Acquired | 36.1% (price as of 2026-10-02) |
| Feb. 7, 2020 | IEX | F | 7,293 | $171.19 | $1,248,489 | 31,585 Direct | -18.76% | Disposed | 36.1% (price as of 2026-10-02) |
| Aug. 29, 2019 | IEX | S | 2,922 | $165.75 | $484,322 | 22,453 Direct | -11.52% | Disposed | 40.6% (price as of 2026-10-02) |
| Aug. 1, 2019 | IEX | S | 5,608 | $170.02 | $953,472 | 25,375 Direct | -18.10% | Disposed | 37.0% (price as of 2026-10-02) |
| July 25, 2019 | MOD | A | 8,620 | · | · | 8,620 Direct | · | Acquired | (price as of 2026-10-02) |
| March 1, 2019 | IEX | A | 20,615 | · | · | 80,558 Direct | +34.39% | Acquired | (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | M | 3,647 | $78.43 | $286,034 | 39,175 Direct | +10.27% | Acquired | 197.1% (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | S | 3,647 | $143.86 | $524,657 | 35,528 Direct | -9.31% | Disposed | 62.0% (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | M | 6,997 | $74.74 | $522,956 | 42,525 Direct | +19.69% | Acquired | 211.7% (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | S | 6,997 | $143.86 | $1,006,588 | 35,528 Direct | -16.45% | Disposed | 62.0% (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | S | 4,545 | $143.86 | $653,844 | 30,983 Direct | -12.79% | Disposed | 62.0% (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | M | 3,647 | · | · | 66,940 Direct | -5.17% | Disposed | (price as of 2026-10-02) |
| Feb. 22, 2019 | IEX | M | 6,997 | · | · | 59,943 Direct | -10.45% | Disposed | (price as of 2026-10-02) |
| Feb. 8, 2019 | IEX | A | 17,238 | $137.85 | $2,376,258 | 43,185 Direct | +66.44% | Acquired | 69.0% (price as of 2026-10-02) |
| Feb. 8, 2019 | IEX | F | 7,657 | $137.85 | $1,055,517 | 35,528 Direct | -17.73% | Disposed | 69.0% (price as of 2026-10-02) |
| July 30, 2018 | IEX | M | 10,938 | $78.43 | $857,867 | 36,885 Direct | +42.16% | Acquired | 197.1% (price as of 2026-10-02) |
| July 30, 2018 | IEX | S | 10,938 | $149.24 | $1,632,387 | 25,947 Direct | -29.65% | Disposed | 56.1% (price as of 2026-10-02) |
| July 30, 2018 | IEX | M | 8,850 | $77.61 | $686,848 | 34,797 Direct | +34.11% | Acquired | 200.2% (price as of 2026-10-02) |
| July 30, 2018 | IEX | S | 8,850 | $149.24 | $1,320,774 | 25,947 Direct | -25.43% | Disposed | 56.1% (price as of 2026-10-02) |
| July 30, 2018 | IEX | M | 10,938 | · | · | 79,437 Direct | -12.10% | Disposed | (price as of 2026-10-02) |
| July 30, 2018 | IEX | M | 8,850 | · | · | 70,587 Direct | -11.14% | Disposed | (price as of 2026-10-02) |
| July 15, 2018 | IEX | F | 2,142 | $138.65 | $296,988 | 25,947 Direct | -7.63% | Disposed | 68.0% (price as of 2026-10-02) |
| May 11, 2018 | IEX | M | 10,500 | $72.73 | $763,665 | 38,589 Direct | +37.38% | Acquired | 220.3% (price as of 2026-10-02) |
| May 11, 2018 | IEX | S | 10,500 | $138.34 | $1,452,570 | 28,089 Direct | -27.21% | Disposed | 68.4% (price as of 2026-10-02) |
| May 11, 2018 | IEX | M | 13,995 | $74.74 | $1,045,986 | 42,084 Direct | +49.82% | Acquired | 211.7% (price as of 2026-10-02) |
| May 11, 2018 | IEX | S | 13,995 | $138.34 | $1,936,068 | 28,089 Direct | -33.25% | Disposed | 68.4% (price as of 2026-10-02) |
| May 11, 2018 | IEX | M | 10,500 | · | · | 104,370 Direct | -9.14% | Disposed | (price as of 2026-10-02) |
| May 11, 2018 | IEX | M | 13,995 | · | · | 90,375 Direct | -13.41% | Disposed | (price as of 2026-10-02) |
| Feb. 22, 2018 | IEX | A | 12,954 | $138.12 | $1,789,206 | 33,829 Direct | +62.06% | Acquired | 68.7% (price as of 2026-10-02) |
| Feb. 22, 2018 | IEX | F | 5,740 | $138.12 | $792,809 | 28,089 Direct | -16.97% | Disposed | 68.7% (price as of 2026-10-02) |
| Feb. 22, 2018 | IEX | A | 18,710 | · | · | 114,870 Direct | +19.46% | Acquired | (price as of 2026-10-02) |
| Feb. 20, 2018 | IEX | F | 743 | $136.83 | $101,665 | 20,875 Direct | -3.44% | Disposed | 70.3% (price as of 2026-10-02) |
| May 16, 2017 | IEX | M | 6,745 | $50.45 | $340,285 | 28,363 Direct | +31.20% | Acquired | 361.8% (price as of 2026-10-02) |
| May 16, 2017 | IEX | S | 6,745 | $105.51 | $711,665 | 21,618 Direct | -23.78% | Disposed | 120.8% (price as of 2026-10-02) |
| May 16, 2017 | IEX | M | 6,000 | $72.73 | $436,380 | 27,618 Direct | +27.75% | Acquired | 220.3% (price as of 2026-10-02) |
| May 16, 2017 | IEX | S | 6,000 | $105.51 | $633,060 | 21,618 Direct | -21.72% | Disposed | 120.8% (price as of 2026-10-02) |
| May 16, 2017 | IEX | M | 6,745 | · | · | 102,160 Direct | -6.19% | Disposed | (price as of 2026-10-02) |
| May 16, 2017 | IEX | M | 6,000 | · | · | 96,160 Direct | -5.87% | Disposed | (price as of 2026-10-02) |
| Feb. 22, 2017 | IEX | A | 8,912 | $93.27 | $831,222 | 25,692 Direct | +53.11% | Acquired | 149.8% (price as of 2026-10-02) |
| Feb. 22, 2017 | IEX | F | 4,074 | $93.27 | $379,982 | 21,618 Direct | -15.86% | Disposed | 149.8% (price as of 2026-10-02) |
| Feb. 22, 2017 | IEX | A | 25,385 | · | · | 108,905 Direct | +30.39% | Acquired | (price as of 2026-10-02) |
| Feb. 15, 2017 | IEX | F | 2,266 | $92.40 | $209,378 | 16,780 Direct | -11.90% | Disposed | 152.2% (price as of 2026-10-02) |
| Feb. 13, 2017 | IEX | F | 895 | $91.96 | $82,304 | 19,046 Direct | -4.49% | Disposed | 153.4% (price as of 2026-10-02) |
Showing latest 100 of 122 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| May 11, 2026 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $93.27 | Feb. 22, 2027 | 15,385 | Disposed |
| Feb. 22, 2026 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $207.48 | Feb. 22, 2036 | 38,165 | Acquired |
| Feb. 20, 2025 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $196.07 | Feb. 20, 2035 | 32,555 | Acquired |
| Feb. 22, 2024 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $235.13 | Feb. 22, 2034 | 46,070 | Acquired |
| Feb. 23, 2023 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $225.69 | Feb. 23, 2033 | 39,065 | Acquired |
| Oct. 28, 2022 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 5,848 | Disposed |
| Oct. 28, 2022 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $93.27 | Feb. 22, 2027 | 10,000 | Disposed |
| Oct. 28, 2022 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 5,848 | Disposed |
| Oct. 28, 2022 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $93.27 | Feb. 22, 2027 | 10,000 | Disposed |
| Feb. 24, 2022 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $188.99 | Feb. 24, 2032 | 49,355 | Acquired |
| Feb. 25, 2021 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $197.11 | Feb. 25, 2031 | 47,955 | Acquired |
| May 8, 2020 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $77.61 | July 15, 2025 | 8,850 | Disposed |
| May 8, 2020 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 1,150 | Disposed |
| Feb. 21, 2020 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $173.35 | Feb. 21, 2030 | 25,490 | Acquired |
| March 1, 2019 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $144.85 | March 1, 2029 | 20,615 | Acquired |
| Feb. 22, 2019 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $78.43 | Feb. 20, 2025 | 3,647 | Disposed |
| Feb. 22, 2019 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 6,997 | Disposed |
| July 30, 2018 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $78.43 | Feb. 20, 2025 | 10,938 | Disposed |
| July 30, 2018 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $77.61 | July 15, 2025 | 8,850 | Disposed |
| May 11, 2018 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $72.73 | Feb. 13, 2024 | 10,500 | Disposed |
| May 11, 2018 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 13,995 | Disposed |
| Feb. 22, 2018 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $138.12 | Feb. 22, 2028 | 18,710 | Acquired |
| May 16, 2017 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $50.45 | Feb. 15, 2023 | 6,745 | Disposed |
| May 16, 2017 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $72.73 | Feb. 13, 2024 | 6,000 | Disposed |
| Feb. 22, 2017 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $93.27 | Feb. 22, 2027 | 25,385 | Acquired |
| May 24, 2016 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $42.86 | Feb. 21, 2022 | 15,650 | Disposed |
| Feb. 19, 2016 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $74.74 | Feb. 19, 2026 | 27,990 | Acquired |
| July 15, 2015 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $77.61 | July 15, 2025 | 17,700 | Acquired |
| Feb. 24, 2015 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $40.89 | Feb. 22, 2021 | 8,500 | Disposed |
| Feb. 20, 2015 | IEX | OPTIONS (RIGHT TO BUY) | COMMON STOCK | $78.43 | Feb. 20, 2025 | 14,585 | Acquired |
| May 30, 2014 | IEX | OPTIONS (RIGHT TO BUY) | COMMOM STOCK | $31.77 | March 20, 2020 | 10,900 | Disposed |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 6 holdings
Securities held when first becoming an insider, per SEC Form 3.
| Date | Ticker | Security | Shares | Ownership |
|---|---|---|---|---|
| April 10, 2014 | IEX | COMMON STOCK | 29,594 | Direct |
| April 10, 2014 | IEX | OPTIONS (RIGHT TO BUY) | 10,900 | Direct |
| April 10, 2014 | IEX | OPTIONS (RIGHT TO BUY) | 8,500 | Direct |
| April 10, 2014 | IEX | OPTIONS (RIGHT TO BUY) | 15,650 | Direct |
| April 10, 2014 | IEX | OPTIONS (RIGHT TO BUY) | 6,745 | Direct |
| April 10, 2014 | IEX | OPTIONS (RIGHT TO BUY) | 16,500 | Direct |
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,079,885 | · | · | · | $1,345,163 | · | $232,727 | $9,112,893 |
| 2024 | · | · | · | · | · | · | · | · |
| 2023 | · | · | · | · | · | · | · | · |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.