Spruce Power Holding (SPRU) executive compensation, 2026 proxy

Christopher Hayes, President and CEO, was paid $2.2M in 2025, up 1% from $2.2M the year before.

Filed
June 23, 2026
Annual meeting
August 11, 2026
Pay year
2025
Named executives
4
CEO total pay
$2.2M+1% vs prior year
CEO pay in equity
41%$894,806 in awards
CEO target bonus
100% of salaryHayes annual target
CEO equity award
170% of salaryInitial base salary
Cimino RSUs
60,000Granted December 2025
Norling total compensation
$815,7552025 total
Cimino total compensation
$847,5452025 total

How Hayes was paid

$2.2M 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.

Salary30%Bonus30%Stock awards41%All other compensation0%

Named executive officers

ExecutiveTotal
Christopher HayesPresident and CEO$2,196,806
Thomas J. CiminoChief Financial Officer$847,545
Sarah Weber WellsFormer Chief Financial Officer and Head of Sustainability$126,842
Jonathan M. NorlingChief Legal Officer$815,755

What changed and why

  • $2.2M$2.2M Hayes’ 2025 total compensation increased from $2.17M in 2024.
  • $650K$650,000 Hayes’ salary and bonus each represented the same amount in 2025.
  • $895K$894,806 Hayes’ stock award was his largest 2025 compensation component.
  • 100%100% Hayes’ annual bonus target equals his base salary.
  • 170%170% Hayes’ equity awards were valued at his initial base salary.
  • 60,000 Cimino restricted stock units vest in equal annual installments over four years.

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.