Local Bounti (LOCL) executive compensation, 2026 proxy

Kathleen Valiasek, President and Chief Executive Officer, was paid $3.4M in 2025, up 223% from $1M the year before.

Filed
April 23, 2026
Annual meeting
June 10, 2026
Pay year
2025
Named executives
4
CEO total pay
$3.4M+223% vs prior year
CEO pay in equity
85%$2.9M in awards
CEO Stock Awards
$2,856,000Grant date fair value of RSUs
CEO Base Salary
$500,000Annual base salary
Executive Chairman Salary
$58,656Adjusted in 2025

How Valiasek was paid

$3.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary15%Stock awards85%All other compensation0%

Named executive officers

ExecutiveTotal
Craig M. HurlbertExecutive Chairman$1,488,998
Kathleen ValiasekPresident and Chief Executive Officer$3,370,000
Dane AlmassyChief Commercial Officer$847,923
Anthony HughesInterim Chief Financial Officer$842,250

What changed and why

  • $3.4MKathleen Valiasek was promoted to Chief Executive Officer in March 2025, resulting in total compensation of $3,370,000.
  • $1.5MCraig M. Hurlbert transitioned to Executive Chairman and received total compensation of $1,488,998.
  • The Compensation Committee approved the acceleration of all outstanding equity awards held by certain executives in March 2025.
  • Restricted stock unit grants were awarded to named executive officers as part of restructuring and new equity transactions.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.