Companies AIRGAIN INC
AIRGAIN (AIRG): executive pay, fiscal 2025
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CEO pay, last three years
- $825,361FY2023
- $1,315,616FY2024
- $1,119,149FY2025
CEO total pay was $1,119,149 in fiscal 2025, down from $1,315,616 in fiscal 2024.
FY2025: salary $450,000 · bonus $0 · stock awards $382,814 · option awards $169,210
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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 |
|---|---|---|---|---|---|---|---|---|
| Jacob Suen | $450,000 | $0 | $382,814 | $169,210 | $103,125 | $0 | $14,000 | $1,119,149 |
| President and Chief Executive Officer | ||||||||
| Ali Sadri | 325,000 | 0 | 162,467 | 67,682 | 44,686 | 0 | 7,245 | 607,081 |
| Former Chief Technology Officer | ||||||||
| Michael Elbaz | 315,000 | 0 | 164,824 | 70,503 | 43,311 | 0 | 11,655 | 605,293 |
| 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Jacob Suen | $1,119,149 | $1,315,616 | $825,361 | ↓ −196,467 |
| Ali Sadri | 607,081 | 758,996 | 603,612 | ↓ −151,915 |
| Michael Elbaz | 605,293 | 702,047 | 475,141 | ↓ −96,754 |
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
Airgain’s compensation philosophy is intended to attract, retain, and motivate executive team members, align rewards with company and individual performance, and incentivize executives to drive both short- and long-term value for shareholders. The company targets total target annual cash compensation between the 40th and 65th percentiles of market peers and equity compensation between the 45th and 75th percentiles.
| 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 |
|---|---|---|---|---|---|---|---|
| Jacob Suen | RSU | 2025-03-15 | — | — | 25,501 | — | — |
| Michael Elbaz | RSU | 2025-03-15 | — | — | 10,710 | — | — |
| Ali Sadri | RSU | 2025-03-15 | — | — | 11,050 | — | — |
| Ali Sadri | RSU | 2025-07-15 | — | — | 5,888 | — | — |
| Ali Sadri | RSU | 2026-03-15 | — | — | 11,116 | — | — |
| Jacob Suen | OPTION | 2025-03-15 | — | — | 70,799 | — | — |
| Jacob Suen | RSU | 2025-07-15 | — | — | 8,152 | — | — |
| Jacob Suen | RSU | 2025-03-15 | — | — | 58,290 | — | — |
| Michael Elbaz | OPTION | 2025-03-15 | — | — | 29,499 | — | — |
| Ali Sadri | OPTION | 2025-03-15 | — | — | 28,319 | — | — |
| Jacob Suen | RSU | 2026-03-15 | — | — | 25,653 | — | — |
| Ali Sadri | RSU | 2025-03-15 | — | — | 23,316 | — | — |
| Michael Elbaz | RSU | 2025-03-15 | — | — | 24,287 | — | — |
| Michael Elbaz | RSU | 2025-07-15 | — | — | 5,706 | — | — |
| Michael Elbaz | RSU | 2026-03-15 | — | — | 10,774 | — | — |
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 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Ali Sadri | Option | 962 | 9.46 | — |
| Jacob Suen | Option | 2,155 | 9.46 | — |
| Michael Elbaz | RSU | 2,853 | — | 11,583 |
| Ali Sadri | RSU | 2,917 | — | 11,843 |
| Ali Sadri | RSU | 2,944 | — | 11,953 |
| Jacob Suen | RSU | 4,076 | — | 16,549 |
| Jacob Suen | RSU | 6,536 | — | 26,536 |
| Michael Elbaz | RSU | 8,466 | — | 34,372 |
| Michael Elbaz | RSU | 11,743 | — | 47,677 |
| Ali Sadri | RSU | 14,433 | — | 58,598 |
| Michael Elbaz | Option | 18,121 | 7.11 | — |
| Ali Sadri | Option | 18,302 | 5.07 | — |
| Jacob Suen | RSU | 20,900 | — | 84,854 |
| Ali Sadri | RSU | 21,612 | — | 87,745 |
| Michael Elbaz | RSU | 22,476 | — | 91,253 |
| Michael Elbaz | RSU | 23,618 | — | 95,889 |
| Jacob Suen | Option | 26,501 | 5.07 | — |
| Ali Sadri | Option | 28,319 | 4.36 | — |
| Michael Elbaz | Option | 29,499 | 4.36 | — |
| Michael Elbaz | Option | 30,207 | 5.38 | — |
| Ali Sadri | RSU | 34,366 | — | 139,526 |
| Michael Elbaz | RSU | 34,997 | — | 142,088 |
| Ali Sadri | Option | 44,045 | 5.38 | — |
| Jacob Suen | RSU | 51,868 | — | 210,584 |
| Jacob Suen | RSU | 54,217 | — | 220,121 |
| Jacob Suen | Option | 70,799 | 4.36 | — |
| Jacob Suen | RSU | 83,791 | — | 340,191 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James K. SimsNot independent · Board Chair · Compensation | $63,800 | $59,231 | $43,231 | — | $0 | $166,261 |
| Thomas A. MunroIndependent · Audit · Compensation (Chair) | 50,600 | 41,495 | 28,820 | — | 0 | 120,915 |
| Joan H. GillmanIndependent · Audit · Nominating and Corporate Governance (Chair) | 48,000 | 40,846 | 28,820 | — | 0 | 117,667 |
| Arthur M. ToscaniniIndependent · Audit (Chair) | 48,000 | 40,846 | 28,820 | — | 0 | 117,667 |
| Tzau-Jin ChungIndependent · Compensation | 37,300 | 38,179 | 28,820 | — | 0 | 104,299 |
| Kiva A. AllgoodIndependent · Nominating and Corporate Governance | 36,000 | 37,852 | 28,820 | — | 0 | 102,673 |
| Jacob SuenEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $32,000 |
|---|---|
| Annual equity retainer | $30,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 16,000 / 10,600 / 8,000 |
| Stock ownership guideline | $3 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $283,700 |
| Equity awards (grant-date value) | $258,449 |
| All other compensation | $0 |
| Total cost of the board | $542,149 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names AIRGAIN as a peer
Companies that benchmark against AIRG
3 companies name AIRG as a compensation peer
- EMCORE CORPEMKRFY2024
- LANTRONIX INCLTRXFY2026
- PIXELWORKS, INCPXLWFY2025
Each company listed discloses AIRG 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 AIRG 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 | AIRGAIN INC | 2025 | Jacob Suen | $450,000 | $382,814 | $169,210 | $103,125 | $1,119,149 |
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 | 2026-06-10 | 3,667,041 | 2,275,810 | 91,915 | 61.71% | Passed |
| 2025 | 2025-06-11 | 2,685,084 | 2,476,510 | 11,609 | 52.02% | Passed |
| 2024 | 2024-06-12 | 4,017,806 | 2,062,104 | 4,417 | 66.08% | Passed |
| 2023 | 2023-06-21 | 3,475,791 | 2,916,536 | 15,500 | 54.37% | Passed |
| 2022 | 2022-06-22 | 3,095,628 | 2,590,244 | 17,620 | 54.44% | Passed |
| 2021 | 2021-06-23 | — | — | — | — | — |
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 | 2026-06-10 | 61.71%a |
| 2025 | 2025-06-11 | 52.02%b |
| 2024 | 2024-06-12 | 66.08%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Abstentions are not an affirmative or negative vote on a proposal, so abstaining does not count as a vote cast and has no effect for purposes of determining whether our stockholders have ratified the appointment of Grant Thornton LLP, our independent registered public accounting firm or whether our stockholders have approved the compensation of the named executive officers.”.
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 (31 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, Jacob Suen. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 1,119,149. View filing ↗
- Section 01, Ali Sadri. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 607,081. View filing ↗
- Section 01, Michael Elbaz. DEF 14A, filed 2026-04-30. Section “Executive Compensation”. As printed: 605,293. View filing ↗
- Section 03, Jacob Suen RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Elbaz RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ali Sadri RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ali Sadri RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ali Sadri RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jacob Suen OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jacob Suen RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jacob Suen RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Elbaz OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ali Sadri OPTION. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Jacob Suen RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Ali Sadri RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Elbaz RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Elbaz RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Elbaz RSU. DEF 14A, filed 2026-04-30. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, James K. Sims. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 166,261. View filing ↗
- Section 08, Thomas A. Munro. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 120,915. View filing ↗
- Section 08, Joan H. Gillman. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 117,667. View filing ↗
- Section 08, Arthur M. Toscanini. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 117,667. View filing ↗
- Section 08, Tzau-Jin Chung. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 104,299. View filing ↗
- Section 08, Kiva A. Allgood. DEF 14A, filed 2026-04-30. Section “Director Compensation”. As printed: 102,673. View filing ↗
- Section 08, Jacob Suen. DEF 14A. Section “Director Compensation”. As printed: 0.
- Section 06, 2026 vote. Form 8-K, filed 2026-06-11. Item 5.07 · say-on-pay result. As reported: 61.71% (votes for as printed: 3,667,041). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-13. Item 5.07 · say-on-pay result. As reported: 52.02% (votes for as printed: 2,685,084). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-14. Item 5.07 · say-on-pay result. As reported: 66.08% (votes for as printed: 4,017,806). 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 283,700 + equity 258,449 + all other 0 = 542,149, summed across the director compensation table rows.
- AIRGAIN INC (subject), Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in AIRGAIN INC's own proxy. As printed: 1,119,149. View filing ↗