Companies Fermi Inc.
Fermi (FRMI): executive pay, fiscal 2025
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CEO pay, last three years
- $47,980,000FY2025
CEO total pay was $47,980,000 in fiscal 2025; the brief holds no earlier figure for this CEO.
FY2025: salary $125,000 · bonus $0 · stock awards $47,855,000 · 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 |
|---|---|---|---|---|---|---|---|---|
| Miles Everson | $125,000 | $1,750,000 | $132,300,000 | $0 | $0 | $0 | $0 | $134,175,000 |
| Chief Financial Officer and Secretary | ||||||||
| Jacobo Ortiz | 125,000 | 1,750,000 | 132,300,000 | 0 | 0 | 0 | 0 | 134,175,000 |
| Chief Operating Officer | ||||||||
| Charlie Hamilton | 125,000 | 1,750,000 | 132,300,000 | 0 | 0 | 0 | 0 | 134,175,000 |
| Chief Site Development Officer | ||||||||
| Toby Neugebauer | 125,000 | 0 | 47,855,000 | 0 | 0 | 0 | 0 | 47,980,000 |
| Chief Executive 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Miles Everson | $134,175,000 | — | — | — |
| Jacobo Ortiz | 134,175,000 | — | — | — |
| Charlie Hamilton | 134,175,000 | — | — | — |
| Toby Neugebauer | 47,980,000 | — | — | — |
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 compensation of our named executive officers primarily consists of base salary, annual incentive awards and equity awards. In determining compensation, the Board considers factors such as the NEO's performance, equity holdings, amounts paid to other executives, and competitive market conditions.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
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 |
|---|---|---|---|---|---|---|---|
| Miles Everson | RSU | 2025-08-02 | — | — | 6,300,000 | — | $132,300,000 |
| Jacobo Ortiz | RSU | 2025-08-02 | — | — | 6,300,000 | — | 132,300,000 |
| Charlie Hamilton | RSU | 2025-08-02 | — | — | 6,300,000 | — | 132,300,000 |
| Toby Neugebauer | RSU | 2025-08-02 | — | — | 7,500,000 | — | 47,855,000 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Miles Everson | $132,300,000 | $0 | $0 | 0.0% |
| Jacobo Ortiz | 132,300,000 | 0 | 0 | 0.0% |
| Charlie Hamilton | 132,300,000 | 0 | 0 | 0.0% |
| Toby Neugebauer | 47,855,000 | 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 |
|---|---|---|---|---|
| Miles Everson | RSU | 6,300,000 | — | $50,400,000 |
| Jacobo Ortiz | RSU | 6,300,000 | — | 50,400,000 |
| Charlie Hamilton | RSU | 6,300,000 | — | 50,400,000 |
| Toby Neugebauer | RSU | 7,500,000 | — | 60,000,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Miles EversonIndependent | $0 | $0 | $0 | — | $0 | $0 |
| Jeffrey S. SteinIndependent · Audit · Finance (Chair) | 0 | 0 | 0 | — | 0 | 0 |
| Lee McIntireEmployee director · Finance | — | — | — | — | — | 0 |
| Marius HaasIndependent · Board Chair · Audit · Compensation (Chair) · Finance | 0 | 0 | 0 | — | 0 | 0 |
| Cordel Robbin-CokerIndependent · Audit (Chair) · Compensation | 0 | 0 | 0 | — | 0 | 0 |
| Larry KellermanEmployee director | — | — | — | — | — | 0 |
| Rick PerryIndependent | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $200,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $0 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Fermi as a peer
Companies that benchmark against FRMI
No companies currently name FRMI 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 | Fermi Inc. | 2025 | Toby Neugebauer | $125,000 | $47,855,000 | $0 | $0 | $47,980,000 |
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
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (18 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, Miles Everson. DEF 14A, filed 2026-10-02. Section “2025 Summary Compensation Table” · page 17. As printed: 134,175,000. View filing ↗
- Section 01, Jacobo Ortiz. DEF 14A, filed 2026-10-02. Section “2025 Summary Compensation Table” · page 17. As printed: 134,175,000. View filing ↗
- Section 01, Charlie Hamilton. DEF 14A, filed 2026-10-02. Section “2025 Summary Compensation Table” · page 17. As printed: 134,175,000. View filing ↗
- Section 01, Toby Neugebauer. DEF 14A, filed 2026-10-02. Section “2025 Summary Compensation Table” · page 17. As printed: 47,980,000. View filing ↗
- Section 03, Miles Everson RSU. DEF 14A, filed 2026-10-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jacobo Ortiz RSU. DEF 14A, filed 2026-10-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Charlie Hamilton RSU. DEF 14A, filed 2026-10-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Toby Neugebauer RSU. DEF 14A, filed 2026-10-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Miles Everson. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jeffrey S. Stein. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Lee McIntire. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Marius Haas. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Cordel Robbin-Coker. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Larry Kellerman. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Rick Perry. DEF 14A, filed 2026-10-02. Section “Director Compensation”. As printed: 0. View filing ↗
- 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 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.
- Fermi Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-10-02. CEO total compensation as printed in Fermi Inc.'s own proxy. As printed: 47,980,000. View filing ↗