How Shugar was paid
$20.1M in total for FY25, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|---|
| Daniel ShugarChief Executive Officer | $863,000 | — | $14,144,291 | $2,963,652 | $2,072,624 | $53,845 | $20,097,412 |
| Howard WengerPresident | $505,000 | — | $7,072,146 | $2,469,715 | $718,716 | $384 | $10,765,961 |
| Charles BoyntonChief Financial Officer | $491,539 | $2,000,000 | $15,444,808 | — | $806,954 | $320 | $18,743,621 |
| Bruce LedesmaChief Legal and Compliance Officer | $505,000 | — | $4,714,729 | $987,874 | $718,716 | $14,184 | $6,940,503 |
| Nicholas (Marco) MillerChief Operation Officer | $400,000 | — | $4,420,065 | $926,143 | $498,120 | $14,184 | $6,258,512 |
| David BennettChief Accounting Officer, former Chief Financial Officer | $470,000 | — | $1,767,984 | — | $585,291 | $14,184 | $2,837,459 |
What changed and why
- $20.1M$20,097,412 was CEO Daniel Shugar’s total compensation in FY25, down from $20,725,590 in FY24.
- $2M$2,000,000 was CFO Charles Boynton’s one-time sign-on cash award, subject to repayment under specified termination conditions.
- $6.5M$6,499,985 was the grant-date fair value of Boynton’s one-time service-based RSU sign-on award.
- 50%50% of FY25 PSU performance criteria were based on revenue and 50% on adjusted EPS.
- 300%300% of target was the maximum total PSU payout after the three-year relative TSR modifier.
- 289:1 was the FY25 CEO-to-median-employee pay ratio.
Other Nextpower proxy statements
- 2026 proxy statement
Daniel Shugar paid $22.2M (+10% on the year), pay ratio 324:1.
Filed Jul 07, 2026
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.