Ocean Power Technologies (OPTT) executive compensation, 2025 proxy

Philipp Stratmann, President and Chief Executive Officer, was paid $6M in fiscal 2025, up 593% from $858,889 the year before.

Filed
December 4, 2025
Annual meeting
January 27, 2026
Pay year
fiscal 2025
Named executives
5
CEO total pay
$6M+593% vs prior year
CEO pay in equity
91%$5.4M in awards
CEO Target Bonus
75%Percentage of base salary
CFO Target Bonus
50%Percentage of base salary
General Counsel Target Bonus
50%Percentage of base salary
Outstanding RSUs
22,461,633As of April 30, 2025
Outstanding Options
483,342As of April 30, 2025

How Stratmann was paid

$6M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary6%Bonus2%Stock awards91%All other compensation0%

Named executive officers

ExecutiveTotal
Philipp StratmannPresident and Chief Executive Officer$5,954,405
Robert PowersSenior Vice President and Chief Financial Officer$2,801,606
Matthew BurdynyChief Commercial Officer (former)$2,730,941
Tracy PagliaraSenior Vice President, General Counsel, & Corporate Secretary$2,731,395
Joseph DiPietroController and Treasurer (former)—

What changed and why

  • $6MCEO total compensation increased to $5,954,405 in fiscal 2025 compared to $858,889 in fiscal 2024.
  • $5.4MStock awards for the CEO rose significantly to $5,437,530 in fiscal 2025.
  • $374KBase salary for the CEO was $374,291 during the fiscal year.
  • $300KTracy Pagliara joined as General Counsel with a base salary of $300,000 and 75,000 restricted stock units.
  • All other compensation for named executive officers primarily consisted of 401(k) matching contributions.

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.