Wisconsin’s public companies must disclose how much they pay CEOs. Here’s who topped the list.

Of the 25 companies, none of the CEOs’ actual salaries exceeded $2 million. Most of the time, the salary makes up a very small portion of a CEO’s pay package.

Many companies instead award their CEOs with shares of the company’s stock and other forms of equity to give CEOs “skin in the game,” said Fabio Gaertner, professor of accounting at the University of Wisconsin-Madison and an expert on executive compensation.