Companies Rekor Systems, Inc.
Rekor Systems (REKR): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Rekor Systems, Inc.’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $405,829FY2023
- $672,286FY2024
- $1FY2025
CEO total pay was $1 in fiscal 2025, down from $672,286 in fiscal 2024.
FY2025: salary $1 · bonus $0 · stock awards $0 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
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 |
|---|---|---|---|---|---|---|---|---|
| Eyal Hen | $388,956 | $0 | $0 | $0 | $0 | $0 | $11,602 | $400,018 |
| Former Chief Financial Officer | ||||||||
| Joseph Nalepa | 175,769 | 0 | 0 | 0 | 0 | 0 | 6,512 | 181,921 |
| Chief Financial Officer | ||||||||
| David Desharnais | 111,606 | 0 | 0 | 0 | 0 | 0 | 3,906 | 115,512 |
| Former President and Chief Executive Officer | ||||||||
| Robert Berman | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| President and Chief Executive Officer, Chairman | ||||||||
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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Eyal Hen | $400,018 | $634,083 | — | ↓ −234,065 |
| Joseph Nalepa | 181,921 | — | — | — |
| David Desharnais | 115,512 | 1,327,229 | — | ↓ −1,211,717 |
| Robert Berman | 1 | 672,286 | 405,829 | ↓ −672,285 |
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
Given the stage of Rekor’s lifecycle and the nature of its net income, the Company does not include total shareholder return or net income in its compensation policies. Instead, compensation primarily includes base salary and restricted stock awards that vest and are paid subject to the executive's continued employment, oriented toward the Company’s success at developing and deploying roadway intelligence products and services.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | not disclosed |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Robert Berman | RSA | — | — | — | 1,000,000 | — | — |
| David Desharnais | RSU | 2024-11-26 | — | — | 666,300 | — | 596,339 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Desharnais | $596,339 | $0 | $0 | 0.0% |
% 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 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Joseph Nalepa | RSU | 6,666 | — | $9,199 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Paul A. de BaryIndependent · Lead Independent Director · Audit Committee (Chair) · Governance and Nominations Committee · Technology Committee (2) | $96,625 | $0 | $0 | $0 | $0 | $96,625 |
| David HanlonIndependent · Audit Committee · Governance and Nominations Committee (Chair) | 41,750 | 0 | 0 | 0 | 0 | 41,750 |
| Steven D. CroxtonIndependent · Audit Committee · Compensation Committee (Chair) | 41,000 | 0 | 0 | 0 | 0 | 41,000 |
| Andrew MeyersIndependent · Audit Committee | 35,125 | 0 | 0 | 0 | 0 | 35,125 |
| Glenn GoordIndependent · Compensation Committee · Governance and Nominations Committee | 34,625 | 0 | 0 | 0 | 0 | 34,625 |
| Sanjay SarmaNot independent · Technology Committee (2) (Chair) · Departed during FY | 33,625 | 0 | — | — | — | 33,625 |
| Timothy DavenportNot independent · Departed during FY | 33,125 | 0 | — | — | — | 33,125 |
| Viraj MehtaNot independent · Departed during FY | 3,500 | 0 | — | — | — | 3,500 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 10,000 / 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $319,375 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $319,375 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Rekor Systems as a peer
Companies that benchmark against REKR
2 companies name REKR as a compensation peer
- Digimarc CorpDMRCFY2025
- INNODATA INCINODFY2024
- SOUNDTHINKING, INC.SSTIFY2025
Each company listed discloses REKR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named REKR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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 | Rekor Systems, Inc. | 2025 | Robert Berman | $1 | $0 | $0 | $0 | $1 |
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 | 2026-10-16 | 31,478,139 | 2,239,515 | 2,735,414 | 93.36% | Passed |
| 2025 | 2025-05-15 | 16,920,745 | 1,075,971 | 12,577,976 | 55.34% | Passed |
| 2023 | 2023-04-18 | 19,149,034 | 863,924 | 497,197 | 93.36% | Passed |
| 2022 | 2022-08-15 | 20,982,656 | 1,402,654 | 61,880 | 93.48% | Passed |
| 2021 | 2021-09-14 | 11,830,574 | 48,831 | 2,771,946 | 80.75% | Passed |
| 2018 | 2018-08-09 | 10,422,359 | 112,821 | 974,983 | 90.55% | Passed |
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 | 2026-10-16 | 93.36%a |
| 2025 | 2025-05-15 | 55.34%b |
| 2023 | 2023-04-18 | 93.36%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions will be counted as votes against this proposal and will have the same effect as a negative vote.”.
c. Approved under the standard stated in the filing — “Abstentions will be counted as votes against this proposal and will have the same effect as a negative vote.”.
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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Robert Berman | Director | 2026-04-21 | A | 1,000,000 | $0 | $0 | Common | Form 4 ↗ |
| Robert Berman | Director | 2026-05-27 | D | 1,000,000 | — | — | Common | Form 4 ↗ |
| Debra Shakerdge-Hennessy | Chief People Officer | 2026-09-02 | D | 580 | 1 | 297 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (25 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, Eyal Hen. DEF 14A, filed 2026-04-01. Section “Executive Compensation”. As printed: 400,018. View filing ↗
- Section 01, Joseph Nalepa. DEF 14A, filed 2026-04-01. Section “Executive Compensation”. As printed: 181,921. View filing ↗
- Section 01, David Desharnais. DEF 14A, filed 2026-04-01. Section “Executive Compensation” · page 16. As printed: 115,512. View filing ↗
- Section 01, Robert Berman. DEF 14A, filed 2026-04-01. Section “Executive Compensation”. As printed: 1. View filing ↗
- Section 03, Robert Berman RSA. DEF 14A, filed 2026-04-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, David Desharnais RSU. DEF 14A, filed 2026-04-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-03-31. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Paul A. de Bary. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 96,625. View filing ↗
- Section 08, David Hanlon. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 41,750. View filing ↗
- Section 08, Steven D. Croxton. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 41,000. View filing ↗
- Section 08, Andrew Meyers. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 35,125. View filing ↗
- Section 08, Glenn Goord. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 34,625. View filing ↗
- Section 08, Sanjay Sarma. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 33,625. View filing ↗
- Section 08, Timothy Davenport. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 33,125. View filing ↗
- Section 08, Viraj Mehta. DEF 14A, filed 2026-04-01. Section “Director Compensation”. As printed: 3,500. View filing ↗
- Section 02, Robert Berman 2026-04-21. Form 4, filed 2026-04-28. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert Berman 2026-05-27. Form 4, filed 2026-05-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Debra Shakerdge-Hennessy 2026-09-02. Form 4, filed 2026-09-09. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-10-16. Item 5.07 · say-on-pay result. As reported: 93.36% (votes for as printed: 31,478,139). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-16. Item 5.07 · say-on-pay result. As reported: 55.34% (votes for as printed: 16,920,745). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2024-04-19. Item 5.07 · say-on-pay result. As reported: 93.36% (votes for as printed: 19,149,034). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 319,375 + equity 0 + all other 0 = 319,375, summed across the director compensation table rows.
- Rekor Systems, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Rekor Systems, Inc.'s own proxy. As printed: 1. View filing ↗