Companies Aeluma, Inc.
Aeluma (ALMU): executive pay, fiscal 2026
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CEO pay, last three years
- $255,000FY2024
- $1,862,827FY2025
- $690,000FY2026
CEO total pay was $690,000 in fiscal 2026, down from $1,862,827 in fiscal 2025.
FY2026: salary $345,000 · bonus $345,000 · stock awards $0 · option awards $0
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Executives and directors
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Christopher Stewart | $273,864 | $110,000 | $1,145,100 | $1,930,940 | $0 | $0 | $0 | $3,459,904 |
| Chief Financial Officer | ||||||||
| Jonathan Klamkin | 345,000 | 345,000 | 0 | 0 | 0 | 0 | 0 | 690,000 |
| President and Chief Executive Officer | ||||||||
| James Seo | 188,000 | 35,374 | 25,956 | 43,677 | 0 | 0 | 0 | 293,007 |
| Vice President Finance, Former Interim Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Christopher Stewart | $3,459,904 | — | — | — |
| Jonathan Klamkin | 690,000 | 1,862,827 | 255,000 | ↓ −1,172,827 |
| James Seo | 293,007 | 285,961 | — | ↑ +7,046 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company provides a compensation package consisting of base salary, cash incentive compensation, and long-term equity incentive grants (restricted stock units or stock options) to align management interests with stockholders and promote the creation of long-term stockholder value. The Compensation Committee uses a subjective process to establish base salaries, considering individual performance, operating results, and available market data without specifically weighting any factors.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Human Capital Resource Partners |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| James Seo | RSU | 2026-09-21 | — | — | 1,436 | — | — |
| James Seo | RSU | 2026-01-31 | — | — | 1,000 | — | — |
Vehicle mix — grant-date fair value by award type
Grant-level vehicle detail not disclosed.
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| James Seo | RSU | 1,050 | — | $23,184 |
| James Seo | Option | 2,150 | 21.63 | — |
| James Seo | Option | 9,375 | 8.86 | — |
| James Seo | Option | 10,001 | 3 | — |
| Jonathan Klamkin | Option | 12,500 | 2.1 | — |
| Christopher Stewart | RSU | 55,000 | — | 1,214,400 |
| Christopher Stewart | Option | 110,000 | 20.82 | — |
| Jonathan Klamkin | Option | 137,501 | 7.8 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael J. ByronIndependent · Audit (Chair) · Compensation · Nominating and Governance | $0 | $176,000 | — | — | — | $176,000 |
| John K. PagliaIndependent · Lead Independent Director · Audit · Compensation (Chair) · Nominating and Governance (Chair) | 23,875 | 143,250 | — | — | — | 167,125 |
| Craig H. EnsleyIndependent · Audit · Compensation · Nominating and Governance · Not standing for re-election | 23,375 | 140,250 | — | — | — | 163,625 |
| Steven P. DenBaarsIndependent · Audit · Compensation | 22,250 | 133,500 | — | — | — | 155,750 |
Board fee structure and ownership guideline
| Annual cash retainer | $160,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 19,000 / 13,000 / 11,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $69,500 |
| Equity awards (grant-date value) | $593,000 |
| All other compensation | $0 |
| Total cost of the board | $662,500 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Aeluma as a peer
Companies that benchmark against ALMU
No companies currently name ALMU as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Aeluma, Inc. | 2026 | Jonathan Klamkin | $345,000 | $0 | $0 | $0 | $690,000 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-01-15 | — | — | — | — | — |
| 2025 | 2025-01-09 | — | — | — | — | — |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-01-15 | —a |
| 2025 | 2025-01-09 | —b |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (14 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Christopher Stewart. DEF 14A, filed 2026-09-30. Section “Executive Compensation”. As printed: 3,459,904. View filing ↗
- Section 01, Jonathan Klamkin. DEF 14A, filed 2026-09-30. Section “Executive Compensation”. As printed: 690,000. View filing ↗
- Section 01, James Seo. DEF 14A, filed 2026-09-30. Section “Executive Compensation”. As printed: 293,007. View filing ↗
- Section 03, James Seo RSU. DEF 14A, filed 2026-09-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, James Seo RSU. DEF 14A, filed 2026-09-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Michael J. Byron. DEF 14A, filed 2026-09-30. Section “Director Compensation”. As printed: 176,000. View filing ↗
- Section 08, John K. Paglia. DEF 14A, filed 2026-09-30. Section “Director Compensation”. As printed: 167,125. View filing ↗
- Section 08, Craig H. Ensley. DEF 14A, filed 2026-09-30. Section “Director Compensation”. As printed: 163,625. View filing ↗
- Section 08, Steven P. DenBaars. DEF 14A, filed 2026-09-30. Section “Director Compensation”. As printed: 155,750. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2025-12-02. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-01-10. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 69,500 + equity 593,000 + all other 0 = 662,500, summed across the director compensation table rows.
- Aeluma, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-09-30. CEO total compensation as printed in Aeluma, Inc.'s own proxy. As printed: 690,000. View filing ↗