Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
Each company listed discloses AMSC 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 AMSC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Daniel McGahn | $715,769 | $0 | $5,644,800 | $0 | $1,149,125 | $0 | $19,331 | $7,529,025 |
| Chairman of the Board, President and Chief Executive Officer | ||||||||
| John Kosiba | 445,385 | 0 | 2,822,400 | 0 | 499,275 | 0 | 19,821 | 3,786,881 |
| Senior Vice President, Chief Financial Officer and Treasurer | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Daniel McGahn | $7,529,025 | $6,015,053 | $3,297,209 | +1,513,972 |
| John Kosiba | 3,786,881 | 2,896,750 | 1,547,692 | +890,131 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Daniel McGahn | RSU | 2025-05-15 | — | — | 80,000 | — | $1,881,600 |
| Daniel McGahn | PSU | 2025-05-15 | 40,000 | 80,000 | — | 160,000 | 3,763,200 |
| John Kosiba | RSU | 2025-05-15 | — | — | 40,000 | — | 940,800 |
| John Kosiba | PSU | 2025-05-15 | 20,000 | 40,000 | — | 80,000 | 1,881,600 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Daniel McGahn | $1,881,600 | $3,763,200 | $0 | 66.7% |
| John Kosiba | 940,800 | 1,881,600 | 0 | 66.7% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Daniel McGahn | RSU | 40,000 | — | $1,354,000 |
| Daniel McGahn | PSU | 160,000 | — | 5,416,000 |
| Daniel McGahn | PSU | 120,000 | — | 4,062,000 |
| John Kosiba | PSU | 63,000 | — | 2,132,550 |
| Daniel McGahn | RSU | 33,334 | — | 1,128,356 |
| John Kosiba | RSU | 40,000 | — | 1,354,000 |
| John Kosiba | PSU | 60,000 | — | 2,031,000 |
| Daniel McGahn | RSU | 150,000 | — | 5,077,500 |
| Daniel McGahn | RSU | 80,000 | — | 2,708,000 |
| John Kosiba | PSU | 80,000 | — | 2,708,000 |
| John Kosiba | RSU | 20,000 | — | 677,000 |
| John Kosiba | RSU | 14,000 | — | 473,900 |
Our executive compensation program is designed to meet three principal objectives: Attract and retain executive officers who contribute to our long-term success; Align compensation with our short-and long-term business objectives; and Incentivize the executive officers to provide superior performance that will build long-term stockholder value.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensia, Inc. |
| Clawback policy | true |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-07-31 | 27,661,731 | 1,724,917 | 85,493 | 94.13% | Passed |
| 2025 | 2025-07-25 | 20,894,503 | 1,789,738 | 137,007 | 92.11% | Passed |
| 2024 | 2024-08-02 | 19,132,979 | 1,220,532 | 514,860 | 94% | Passed |
| 2020 | 2020-07-31 | 9,311,684 | 440,915 | 246,725 | 95.48% | Passed |
| 2017 | 2017-07-27 | 8,217,201 | 256,505 | 839,329 | 96.97% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-07-31 | 94.13%a |
| 2025 | 2025-07-25 | 92.11%b |
| 2024 | 2024-08-02 | 94%c |
a. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" will have no effect on the outcome of this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have no effect on the outcome of this proposal.”.
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.
| Ratio (CEO : median employee) | 76 : 1 |
|---|---|
| CEO total compensation | $7,529,025 |
| Median employee compensation | $99,511 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Arthur H. HouseIndependent · Lead Independent Director · Compensation (Chair) · Nominating and Corporate Governance (Chair) | $95,000 | $43,992 | — | — | $0 | $138,992 |
| David R. Oliver, JrIndependent · Audit (Chair) · Nominating and Corporate Governance | 76,000 | 43,992 | — | — | 0 | 119,992 |
| Barbara G. LittlefieldIndependent · Audit · Compensation | 71,000 | 43,992 | — | — | 0 | 114,992 |
| Laura A. DambierIndependent · Audit | 62,000 | 43,992 | — | — | 0 | 105,992 |
| Margaret D. KleinIndependent · Compensation | 59,000 | 43,992 | — | — | 0 | 102,992 |
| Terence R. DonnellyIndependent · Audit · Newly elected | 52,291 | — | 39,998 | — | 0 | 92,289 |
| Daniel P. McGahnEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $20,000 |
|---|---|
| Annual equity retainer | $43,992 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 12,000 / 12,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $415,291 |
| Equity awards (grant-date value) | $219,960 |
| All other compensation | $0 |
| Total cost of the board | $635,251 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies American Superconductor names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including American Superconductor.
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 | PAR Technology Corp. | 2025 | Savneet Singh | $645,000 | $12,875,702 | $0 | $615,034 | $14,164,778 |
| 2 | American Superconductor | 2025 | Daniel McGahn | 715,769 | 5,644,800 | 0 | 1,149,125 | 7,529,025 |
| 3 | Shoals Technologies Group | 2025 | Brandon Moss | 791,666 | 4,400,002 | 0 | 699,200 | 5,961,218 |
| 4 | Powell Industries, Inc. | 2025 | Brett Cope | 660,000 | 1,129,268 | 0 | 1,650,000 | 3,600,369 |
| 5 | Allient, Inc. | 2025 | Richard Warzala | 740,000 | 1,110,035 | 0 | 1,615,232 | 3,530,820 |
| 6 | Bloom Energy Corporation | 2025 | KR Sridhar | 935,385 | 0 | 0 | 2,470,000 | 3,502,747 |
| 7 | Ouster, Inc. | 2025 | Angus Pacala | 400,000 | 2,469,500 | 0 | 479,600 | 3,363,100 |
| 8 | Preformed Line Products Company | 2025 | Dennis McKenna | 725,004 | 1,564,843 | 0 | 725,004 | 3,287,390 |
| 9 | Energy Recovery Inc. | 2025 | David Moon | 614,231 | 2,599,996 | 0 | 0 | 3,222,147 |
| 10 | FuelCell Energy Inc. | 2025 | Jason Few | 582,036 | 1,420,380 | 0 | 686,376 | 2,752,725 |
| 11 | Plug Power Inc. | 2025 | Jose Luis Crespo | 397,471 | 0 | 1,196,250 | 526,400 | 2,618,833 |
| 12 | Thermon Group Holdings, Inc. | 2025 | Bruce Thames | 715,035 | 1,299,963 | 0 | 543,620 | 2,579,122 |
| 13 | Powerfleet, Inc. | 2026 | Steve Towe | 555,778 | 1,469,007 | 0 | 110,044 | 2,134,829 |
| — | Graham Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Ballard Power Systems, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Redwire Corp. | — | — | — | — | — | — | not in coverage universe |
| — | Blink Charging Co. | — | — | — | — | — | — | not in coverage universe |
| — | Aspen Aerogels, Inc. | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| American Superconductor | 159% | RSU 50 · PSU 50 | No | Compensia, Inc. |
| Allient, Inc. | not disclosed | not disclosed | No | Burke Capital Group |
| Aspen Aerogels, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ballard Power Systems, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Blink Charging Co. | not disclosed | not disclosed | not disclosed | not disclosed |
| Bloom Energy Corporation | 200% | PSU 50 · RSU 50 | No | Meridian |
| Energy Recovery Inc. | not disclosed | RSU 50 · PSU 50 | No | Compensia, Inc. |
| FuelCell Energy Inc. | 100% | PSU 50 · RSU 50 | Yes — Relative TSR (Russell 2000 Index) | Meridian Compensation Partners, LLC |
| Graham Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Ouster, Inc. | 119.9% | RSU 100 | not disclosed | Semler Brossy |
| PAR Technology Corp. | 95.4% | RSU 50 · PSU 50 | Yes — Relative TSR compared to the Information Technology sector of the Russell 2000 Index companies | FW Cook |
| Plug Power Inc. | 112% | Options 100 | not disclosed | Frederic W. Cook & Co., Inc. and Alpine Rewards, LLC |
| Powell Industries, Inc. | 200% | PSU 50 · RSU 50 | No | not disclosed |
| Powerfleet, Inc. | not disclosed | PSU 66.7 · RSU 33.3 | not disclosed | Frederic W. Cook & Co., Inc. |
| Preformed Line Products Company | 100% | RSU 100 | No | not disclosed |
| Redwire Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| Shoals Technologies Group | 74% | PSU 50 · RSU 50 | No | Pay Governance |
| Thermon Group Holdings, Inc. | 76% | PSU 65 · RSU 35 | No | Mercer, LLC |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Daniel McGahn | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Fiscal 2025 Summary Compensation Table” · page 31. As printed: 7,529,025. Filing ↗machine: span 394587–394596 |
| 2 | Section 01, John Kosiba | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Fiscal 2025 Summary Compensation Table” · page 31. As printed: 3,786,881. Filing ↗machine: r7 · c23 · span 399461–399470 |
| 3 | Section 03, Daniel McGahn RSU | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r12 · c3 · span 451416–451422 |
| 4 | Section 03, Daniel McGahn PSU | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r12 · c3 · span 451416–451422 |
| 5 | Section 03, John Kosiba RSU | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r24 · c3 · span 459519–459525 |
| 6 | Section 03, John Kosiba PSU | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r24 · c3 · span 459519–459525 |
| 7 | Section 07, pay ratio | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “CEO Pay Ratio”. As printed: 76 : 1. Filing ↗machine: span 487542–487549 |
| 8 | Section 08, Arthur H. House | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 138,992. Filing ↗machine: t190 · r7 · c15 · span 604580–604587 |
| 9 | Section 08, David R. Oliver, Jr | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 119,992. Filing ↗machine: t190 · r13 · c15 · span 608885–608892 |
| 10 | Section 08, Barbara G. Littlefield | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 114,992. Filing ↗machine: t190 · r11 · c15 · span 607458–607465 |
| 11 | Section 08, Laura A. Dambier | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 105,992. Filing ↗machine: t190 · r3 · c15 · span 601704–601711 |
| 12 | Section 08, Margaret D. Klein | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 102,992. Filing ↗machine: t190 · r9 · c15 · span 606004–606011 |
| 13 | Section 08, Terence R. Donnelly | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 92,289. Filing ↗machine: t190 · r5 · c15 · span 603134–603140 |
| 14 | Section 08, Daniel P. McGahn | DEF 14A | 2026-06-18 | 0001193125-26-275809 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 06, 2026 vote | Form 8-K | 2026-08-05 | 0001437749-26-025921 | Item 5.07 · say-on-pay result. As reported: 94.13% (votes for as printed: 27,661,731). Filing ↗ |
| 16 | Section 06, 2025 vote | Form 8-K | 2025-07-29 | 0001437749-25-023783 | Item 5.07 · say-on-pay result. As reported: 92.11% (votes for as printed: 20,894,503). Filing ↗ |
| 17 | Section 06, 2024 vote | Form 8-K | 2024-08-05 | 0001193125-24-193965 | Item 5.07 · say-on-pay result. As reported: 94% (votes for as printed: 19,132,979). Filing ↗ |
| 18 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 19 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 20 | Section 09b board cost (computed) | Computed | — | computed | Cash 415,291 + equity 219,960 + all other 0 = 635,251, summed across the director compensation table rows.machine: formula: Σ = 635,251 |
| 21 | PAR Technology Corp., Section 10b CEO total | DEF 14A | 2026-04-16 | 0000708821-26-000048 | CEO total compensation as printed in PAR Technology Corp.'s own proxy. As printed: 14,164,778. Filing ↗machine: t104 · r3 · c14 · span 575281–575291 |
| 22 | American Superconductor (subject), Section 10b CEO total | DEF 14A | 2026-06-18 | 0001193125-26-275809 | CEO total compensation as printed in American Superconductor's own proxy. As printed: 7,529,025. Filing ↗machine: span 394587–394596 |
| 23 | Shoals Technologies Group, Section 10b CEO total | DEF 14A | 2026-03-20 | 0001831651-26-000041 | CEO total compensation as printed in Shoals Technologies Group's own proxy. As printed: 5,961,218. Filing ↗machine: span 828604–828613 |
| 24 | Powell Industries, Inc., Section 10b CEO total | DEF 14A | 2026-01-06 | 0001140361-26-000342 | CEO total compensation as printed in Powell Industries, Inc.'s own proxy. As printed: 3,600,369. Filing ↗machine: r2 · c27 · span 542584–542594 |
| 25 | Allient, Inc., Section 10b CEO total | DEF 14A | 2026-03-26 | 0001140361-26-011362 | CEO total compensation as printed in Allient, Inc.'s own proxy. As printed: 3,530,820. Filing ↗machine: r13 · c19 · span 507123–507133 |
| 26 | Bloom Energy Corporation, Section 10b CEO total | DEF 14A | 2026-04-08 | 0001628280-26-024237 | CEO total compensation as printed in Bloom Energy Corporation's own proxy. As printed: 3,502,747. Filing ↗machine: t217 · r2 · c17 · span 1617061–1617070 |
| 27 | Ouster, Inc., Section 10b CEO total | DEF 14A | 2026-04-28 | 0001140361-26-017433 | CEO total compensation as printed in Ouster, Inc.'s own proxy. As printed: 3,363,100. Filing ↗machine: r2 · c21 · span 449053–449062 |
| 28 | Preformed Line Products Company, Section 10b CEO total | DEF 14A | 2026-03-20 | 0000080035-26-000011 | CEO total compensation as printed in Preformed Line Products Company's own proxy. As printed: 3,287,390. Filing ↗machine: r8 · c11 · span 750280–750289 |
| 29 | Energy Recovery Inc., Section 10b CEO total | DEF 14A | 2026-04-21 | 0001421517-26-000033 | CEO total compensation as printed in Energy Recovery Inc.'s own proxy. As printed: 3,222,147. Filing ↗machine: t138 · r4 · c14 · span 2344778–2344787 |
| 30 | FuelCell Energy Inc., Section 10b CEO total | DEF 14A | 2026-02-18 | 0001104659-26-017145 | CEO total compensation as printed in FuelCell Energy Inc.'s own proxy. As printed: 2,752,725. Filing ↗machine: t157 · r5 · c12 · span 1135829–1135838 |
| 31 | Plug Power Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001104659-26-052851 | CEO total compensation as printed in Plug Power Inc.'s own proxy. As printed: 2,618,833. Filing ↗machine: t29 · r2 · c47 · span 555333–555342 |
| 32 | Thermon Group Holdings, Inc., Section 10b CEO total | DEF 14A | 2025-06-18 | 0001489096-25-000097 | CEO total compensation as printed in Thermon Group Holdings, Inc.'s own proxy. As printed: 2,579,122. Filing ↗machine: span 730045–730054 |
| 33 | Powerfleet, Inc., Section 10b CEO total | DEF 14A | 2026-07-29 | 0001493152-26-035236 | CEO total compensation as printed in Powerfleet, Inc.'s own proxy. As printed: 2,134,829. Filing ↗machine: r1 · c26 · span 373462–373471 |
| 34 | Section 10a, Thermon Group Holdings, Inc. reciprocity | DEF 14A | — | 0001489096-25-000097 | Thermon Group Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 35 | Section 10a, Energy Recovery Inc. reciprocity | DEF 14A | — | 0001421517-26-000033 | Energy Recovery Inc. names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 36 | Section 10a, Allient, Inc. reciprocity | DEF 14A | — | 0001140361-26-011362 | Allient, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 37 | Section 10a, PAR Technology Corp. reciprocity | DEF 14A | — | 0000708821-26-000048 | PAR Technology Corp.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 38 | Section 10a, Powerfleet, Inc. reciprocity | DEF 14A | — | 0001493152-26-035236 | Powerfleet, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 39 | Section 10a, Bloom Energy Corporation reciprocity | DEF 14A | — | 0001628280-26-024237 | Bloom Energy Corporation's most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 40 | Section 10a, Shoals Technologies Group reciprocity | DEF 14A | — | 0001831651-26-000041 | Shoals Technologies Group names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 41 | Section 10a, Powell Industries, Inc. reciprocity | DEF 14A | — | 0001140361-26-000342 | Powell Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 42 | Section 10a, Plug Power Inc. reciprocity | DEF 14A | — | 0001104659-26-052851 | Plug Power Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗ |
| 43 | Section 10a, FuelCell Energy Inc. reciprocity | DEF 14A | — | 0001104659-26-017145 | FuelCell Energy Inc. names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗ |