Companies Upexi, Inc
Upexi (UPXI): executive pay, fiscal 2025
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CEO pay, last three years
- $1,271,068FY2023
- $1,090,769FY2024
- $2,502,194FY2025
CEO total pay was $2,502,194 in fiscal 2025, up from $1,090,769 in fiscal 2024.
FY2025: salary $840,000 · bonus $399,231 · stock awards $171,000 · option awards $1,091,963
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 |
|---|---|---|---|---|---|---|---|---|
| Allan Marshall | $840,000 | $399,231 | $171,000 | $1,091,963 | $0 | $0 | $0 | $2,502,194 |
| Chairman and Chief Executive Officer | ||||||||
| Andrew Norstrud | 266,385 | 350,000 | 228,000 | 0 | 0 | 0 | 0 | 844,385 |
| Chief Financial Officer | ||||||||
| Brian Rudick | 25,385 | 0 | 0 | 0 | 0 | 0 | 0 | 25,385 |
| Chief Strategy 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 |
|---|---|---|---|---|
| Allan Marshall | $2,502,194 | $1,090,769 | $1,271,068 | ↑ +1,411,425 |
| Andrew Norstrud | 844,385 | 250,000 | 430,000 | ↑ +594,385 |
| Brian Rudick | 25,385 | — | — | — |
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
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | — |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Allan Marshall | PSU | 75,000 | — | $223,500 |
| Andrew Norstrud | PSU | 80,000 | — | 238,400 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Gene SalkindIndependent · Audit Committee · Compensation Committee · Nominating and Governance Committee | $25,000 | $0 | $163,846 | — | $0 | $188,846 |
| Lawrence H. DuganIndependent · Audit Committee · Compensation Committee · Nominating and Governance Committee | 27,000 | 0 | 85,232 | — | 0 | 112,232 |
| Thomas C. WilliamsIndependent · Audit Committee · Compensation Committee · Nominating and Governance Committee | 25,000 | 0 | 85,232 | — | 0 | 110,232 |
| Allan MarshallEmployee director · Board Chair | — | — | — | — | — | 0 |
| Andrew J. NorstrudEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $25,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $5,000 |
| Committee chair fees (audit / comp / nom-gov) | 2,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $77,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $77,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Upexi as a peer
Companies that benchmark against UPXI
1 company names UPXI as a compensation peer
- Sharplink, Inc.SBETFY2025
Each company listed discloses UPXI 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 UPXI 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 | Upexi, Inc | 2025 | Allan Marshall | $840,000 | $171,000 | $1,091,963 | $0 | $2,502,194 |
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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (12 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, Allan Marshall. DEF 14A, filed 2026-05-05. Section “SUMMARY COMPENSATION TABLE”. As printed: 2,502,194. View filing ↗
- Section 01, Andrew Norstrud. DEF 14A, filed 2026-05-05. Section “SUMMARY COMPENSATION TABLE”. As printed: 844,385. View filing ↗
- Section 01, Brian Rudick. DEF 14A, filed 2026-05-05. Section “SUMMARY COMPENSATION TABLE”. As printed: 25,385. View filing ↗
- Section 07, pay ratio. 10-K, filed 2025-09-24. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Gene Salkind. DEF 14A, filed 2026-05-05. Section “Director Compensation”. As printed: 188,846. View filing ↗
- Section 08, Lawrence H. Dugan. DEF 14A, filed 2026-05-05. Section “Director Compensation”. As printed: 112,232. View filing ↗
- Section 08, Thomas C. Williams. DEF 14A, filed 2026-05-05. Section “Director Compensation”. As printed: 110,232. View filing ↗
- Section 08, Allan Marshall. DEF 14A, filed 2026-05-05. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Andrew J. Norstrud. DEF 14A, filed 2026-05-05. Section “Director Compensation”. As printed: 0. 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 77,000 + equity 0 + all other 0 = 77,000, summed across the director compensation table rows.
- Upexi, Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-05-05. CEO total compensation as printed in Upexi, Inc's own proxy. As printed: 2,502,194. View filing ↗