Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

American Superconductor (AMSC)

CEO Daniel McGahn was paid $7,529,025 in fiscal year 2025, ↑ up 25.2% from fiscal year 2024, the 94th percentile of its disclosed peer group (SEC filing 0001193125-26-275809 ↗): 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.

$7,529,025 ↑
Daniel McGahn total, FY2025
94th
CEO pay percentile vs peers
76:1
CEO-to-median pay ratio
94.13%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Daniel McGahn (Chairman of the Board, President and Chief Executive Officer), FY2025 total compensation $7,529,025 (base salary $715,769) [exec_comp, SEC accession 0001193125-26-275809, filed 2026-06-18]

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AMSC's next annual pay disclosure, estimated June 23, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Kosiba445,38502,822,4000499,275019,8213,786,881
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Daniel McGahn$7,529,025$6,015,053$3,297,209↑ +1,513,972
John Kosiba3,786,8812,896,7501,547,692↑ +890,131

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against AMSC
8 companies name AMSC as a compensation peer

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.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Daniel McGahnCEO$7,529,025
John KosibaCFO$3,786,881
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Arthur H. HouseLead Independent Director$138,992
Barbara G. LittlefieldIndependent Director$114,992
David R. Oliver, JrIndependent Director$119,992
Laura A. DambierIndependent Director$105,992
Margaret D. KleinIndependent Director$102,992
Terence R. DonnellyIndependent Director$92,289
02

Equity transactions since the proxy statement was filed

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.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Barbara G. LittlefieldDirector2026-09-18A1,607$0$0CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Daniel McGahnRSU2025-05-15——80,000—$1,881,600
Daniel McGahnPSU2025-05-1540,00080,000—160,0003,763,200
John KosibaRSU2025-05-15——40,000—940,800
John KosibaPSU2025-05-1520,00040,000—80,0001,881,600
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Daniel McGahn$1,881,600$3,763,200$066.7%
John Kosiba940,8001,881,600066.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Daniel McGahnRSU40,000—$1,354,000
Daniel McGahnPSU160,000—5,416,000
Daniel McGahnPSU120,000—4,062,000
John KosibaPSU63,000—2,132,550
Daniel McGahnRSU33,334—1,128,356
John KosibaRSU40,000—1,354,000
John KosibaPSU60,000—2,031,000
Daniel McGahnRSU150,000—5,077,500
Daniel McGahnRSU80,000—2,708,000
John KosibaPSU80,000—2,708,000
John KosibaRSU20,000—677,000
John KosibaRSU14,000—473,900
05

Incentive-plan design — the Compensation Discussion & Analysis

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 consultantCompensia, Inc.
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-07-3127,661,7311,724,91785,49394.13%Passed
20252025-07-2520,894,5031,789,738137,00792.11%Passed
20242024-08-0219,132,9791,220,532514,86094%Passed
20202020-07-319,311,684440,915246,72595.48%Passed
20172017-07-278,217,201256,505839,32996.97%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-07-3194.13%a
20252025-07-2592.11%b
20242024-08-0294%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.

07

CEO pay ratio

Ratio (CEO : median employee)76 : 1
CEO total compensation$7,529,025
Median employee compensation$99,511
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
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 Governance76,00043,992——0119,992
Barbara G. LittlefieldIndependent · Audit · Compensation71,00043,992——0114,992
Laura A. DambierIndependent · Audit62,00043,992——0105,992
Margaret D. KleinIndependent · Compensation59,00043,992——0102,992
Terence R. DonnellyIndependent · Audit · Newly elected52,291—39,998—092,289
Daniel P. McGahnEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

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—
09b

Total cost of the board

ComponentFY2025
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.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

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.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1PAR Technology Corp.2025Savneet Singh$645,000$12,875,702$0$615,034$14,164,778
2American Superconductor2025Daniel McGahn715,7695,644,80001,149,1257,529,025
3Shoals Technologies Group2025Brandon Moss791,6664,400,0020699,2005,961,218
4Redwire Corp.2025Peter Cannito574,5003,656,3330189,5854,432,562
5Powell Industries, Inc.2025Brett Cope660,0001,129,26801,650,0003,600,369
6Allient, Inc.2025Richard Warzala740,0001,110,03501,615,2323,530,820
7Bloom Energy Corporation2025KR Sridhar935,385002,470,0003,502,747
8Ouster, Inc.2025Angus Pacala400,0002,469,5000479,6003,363,100
9Preformed Line Products Company2025Dennis McKenna725,0041,564,8430725,0043,287,390
10Energy Recovery Inc.2025David Moon614,2312,599,996003,222,147
11FuelCell Energy Inc.2025Jason Few582,0361,420,3800686,3762,752,725
12Aspen Aerogels, Inc.2025Donald Young577,1151,670,722424,99802,685,085
13Plug Power Inc.2025Jose Luis Crespo397,47101,196,250526,4002,618,833
14Thermon Group Holdings, Inc.2025Bruce Thames715,0351,299,9630543,6202,579,122
15Powerfleet, Inc.2026Steve Towe555,7781,469,0070110,0442,134,829
16Graham Corporation2026Matthew Malone462,769600,0040636,3081,809,120
17Blink Charging Co.2025Michael Battaglia571,31537,10700805,635
—Ballard Power Systems, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
American Superconductor159%RSU 50 · PSU 50NoCompensia, Inc.
Allient, Inc.not disclosednot disclosedNoBurke Capital Group
Aspen Aerogels, Inc.not disclosedPSU 50 · Option 25 · RSU 25not disclosedMeridian Compensation Partners LLC
Ballard Power Systems, Inc.not disclosednot disclosednot disclosednot disclosed
Blink Charging Co.not disclosednot disclosednot disclosedKorn Ferry
Bloom Energy Corporation200%RSU 50 · PSU 50NoMeridian
Energy Recovery Inc.not disclosedRSU 50 · PSU 50NoCompensia, Inc.
FuelCell Energy Inc.100%PSU 50 · RSU 50Yes — Relative TSR (Russell 2000 Index)Meridian Compensation Partners, LLC
Graham Corporationnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Ouster, Inc.119.9%RSU 100not disclosedSemler Brossy
PAR Technology Corp.95.4%RSU 50 · PSU 50Yes — Relative TSR compared to the Information Technology sector of the Russell 2000 Index companiesFW Cook
Plug Power Inc.not disclosedOptions 100not disclosedFrederic W. Cook & Co., Inc.
Powell Industries, Inc.200%PSU 50 · RSU 50Nonot disclosed
Powerfleet, Inc.not disclosedPSU 66.7 · RSU 33.3not disclosedFrederic W. Cook & Co., Inc.
Preformed Line Products Company100% for Executive Chairman, CEO, CFO, and President; 85% for other NEOs%Performance-based RSUs 100Nonot disclosed
Redwire Corp.not disclosednot disclosednot disclosedWTW
Shoals Technologies Group74%not disclosedNoPay Governance
Thermon Group Holdings, Inc.76%not disclosedNoMercer

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.

10d

Frequently asked questions

Who was the highest-paid executive at American Superconductor in fiscal 2025?
As disclosed, Daniel McGahn (Chairman of the Board, President and Chief Executive Officer) was the highest-paid executive at American Superconductor in fiscal 2025, with total compensation of $7,529,025.
How does American Superconductor's chief executive pay compare to its disclosed peer group?
As disclosed, Daniel McGahn's total compensation ranked at the 94th percentile of American Superconductor's disclosed peer group.
What is American Superconductor's CEO-to-median employee pay ratio?
As disclosed, American Superconductor's CEO-to-median employee pay ratio was 76:1.
How did shareholders vote on American Superconductor's executive compensation?
As disclosed, 94.13% of shareholders supported American Superconductor's executive compensation in the latest say-on-pay vote.
How much does American Superconductor spend in total on board compensation for fiscal 2025?
As disclosed, American Superconductor reported total board compensation of $635,251 for fiscal 2025.

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.

11

Source register

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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Daniel McGahnDEF 14A2026-06-180001193125-26-275809Section “Fiscal 2025 Summary Compensation Table” · page 31. As printed: 7,529,025. Filing ↗machine: span 394587–394596
2Section 01, John KosibaDEF 14A2026-06-180001193125-26-275809Section “Fiscal 2025 Summary Compensation Table” · page 31. As printed: 3,786,881. Filing ↗machine: r7 · c23 · span 399461–399470
3Section 03, Daniel McGahn RSUDEF 14A2026-06-180001193125-26-275809Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r12 · c3 · span 451416–451422
4Section 03, Daniel McGahn PSUDEF 14A2026-06-180001193125-26-275809Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r12 · c3 · span 451416–451422
5Section 03, John Kosiba RSUDEF 14A2026-06-180001193125-26-275809Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r24 · c3 · span 459519–459525
6Section 03, John Kosiba PSUDEF 14A2026-06-180001193125-26-275809Section “Grants of Plan-Based Awards Table for Fiscal 2025” · grants of plan-based awards table. Filing ↗machine: t156 · r24 · c3 · span 459519–459525
7Section 07, pay ratioDEF 14A2026-06-180001193125-26-275809Section “CEO Pay Ratio”. As printed: 76 : 1. Filing ↗machine: span 487542–487549
8Section 08, Arthur H. HouseDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 138,992. Filing ↗machine: t190 · r7 · c15 · span 604580–604587
9Section 08, David R. Oliver, JrDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 119,992. Filing ↗machine: t190 · r13 · c15 · span 608885–608892
10Section 08, Barbara G. LittlefieldDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 114,992. Filing ↗machine: t190 · r11 · c15 · span 607458–607465
11Section 08, Laura A. DambierDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 105,992. Filing ↗machine: t190 · r3 · c15 · span 601704–601711
12Section 08, Margaret D. KleinDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 102,992. Filing ↗machine: t190 · r9 · c15 · span 606004–606011
13Section 08, Terence R. DonnellyDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 92,289. Filing ↗machine: t190 · r5 · c15 · span 603134–603140
14Section 08, Daniel P. McGahnDEF 14A2026-06-180001193125-26-275809Section “Director Compensation”. As printed: 0. Filing ↗
15Section 02, Barbara G. Littlefield 2026-09-18Form 42026-09-210001193125-26-396831Insider equity transaction reported since the proxy statement. Filing ↗
16Section 06, 2026 voteForm 8-K2026-08-050001437749-26-025921Item 5.07 · say-on-pay result. As reported: 94.13% (votes for as printed: 27,661,731). Filing ↗
17Section 06, 2025 voteForm 8-K2025-07-290001437749-25-023783Item 5.07 · say-on-pay result. As reported: 92.11% (votes for as printed: 20,894,503). Filing ↗
18Section 06, 2024 voteForm 8-K2024-08-050001193125-24-193965Item 5.07 · say-on-pay result. As reported: 94% (votes for as printed: 19,132,979). Filing ↗
19Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 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).machine: formula: sums + PSU ratio
21Section 09b board cost (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
22PAR Technology Corp., Section 10b CEO totalDEF 14A2026-04-160000708821-26-000048CEO total compensation as printed in PAR Technology Corp.'s own proxy. As printed: 14,164,778. Filing ↗machine: t104 · r3 · c14 · span 575281–575291
23American Superconductor (subject), Section 10b CEO totalDEF 14A2026-06-180001193125-26-275809CEO total compensation as printed in American Superconductor's own proxy. As printed: 7,529,025. Filing ↗machine: span 394587–394596
24Shoals Technologies Group, Section 10b CEO totalDEF 14A2026-03-200001831651-26-000041CEO total compensation as printed in Shoals Technologies Group's own proxy. As printed: 5,961,218. Filing ↗machine: span 828604–828613
25Redwire Corp., Section 10b CEO totalDEF 14A2026-04-100001819810-26-000050CEO total compensation as printed in Redwire Corp.'s own proxy. As printed: 4,432,562. Filing ↗
26Powell Industries, Inc., Section 10b CEO totalDEF 14A2026-01-060001140361-26-000342CEO total compensation as printed in Powell Industries, Inc.'s own proxy. As printed: 3,600,369. Filing ↗machine: r2 · c27 · span 542584–542594
27Allient, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011362CEO total compensation as printed in Allient, Inc.'s own proxy. As printed: 3,530,820. Filing ↗machine: r13 · c19 · span 507123–507133
28Bloom Energy Corporation, Section 10b CEO totalDEF 14A2026-04-080001628280-26-024237CEO total compensation as printed in Bloom Energy Corporation's own proxy. As printed: 3,502,747. Filing ↗machine: r2 · c36 · span 1617061–1617070
29Ouster, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017433CEO total compensation as printed in Ouster, Inc.'s own proxy. As printed: 3,363,100. Filing ↗machine: r2 · c21 · span 449053–449062
30Preformed Line Products Company, Section 10b CEO totalDEF 14A2026-03-200000080035-26-000011CEO total compensation as printed in Preformed Line Products Company's own proxy. As printed: 3,287,390. Filing ↗machine: r8 · c11 · span 750280–750289
31Energy Recovery Inc., Section 10b CEO totalDEF 14A2026-04-210001421517-26-000033CEO total compensation as printed in Energy Recovery Inc.'s own proxy. As printed: 3,222,147. Filing ↗machine: t138 · r4 · c14 · span 2344778–2344787
32FuelCell Energy Inc., Section 10b CEO totalDEF 14A2026-02-180001104659-26-017145CEO total compensation as printed in FuelCell Energy Inc.'s own proxy. As printed: 2,752,725. Filing ↗machine: t157 · r5 · c12 · span 1135829–1135838
33Aspen Aerogels, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-129161CEO total compensation as printed in Aspen Aerogels, Inc.'s own proxy. As printed: 2,685,085. Filing ↗machine: r2 · c29 · span 852379–852388
34Plug Power Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-052851CEO total compensation as printed in Plug Power Inc.'s own proxy. As printed: 2,618,833. Filing ↗
35Thermon Group Holdings, Inc., Section 10b CEO totalDEF 14A2025-06-180001489096-25-000097CEO total compensation as printed in Thermon Group Holdings, Inc.'s own proxy. As printed: 2,579,122. Filing ↗machine: r2 · c55 · span 730045–730054
36Powerfleet, Inc., Section 10b CEO totalDEF 14A2026-07-290001493152-26-035236CEO total compensation as printed in Powerfleet, Inc.'s own proxy. As printed: 2,134,829. Filing ↗machine: r1 · c26 · span 373462–373471
37Graham Corporation, Section 10b CEO totalDEF 14A2026-07-140001193125-26-302521CEO total compensation as printed in Graham Corporation's own proxy. As printed: 1,809,120. Filing ↗machine: span 1148738–1148747
38Blink Charging Co., Section 10b CEO totalDEF 14A2026-05-200001493152-26-024670CEO total compensation as printed in Blink Charging Co.'s own proxy. As printed: 805,635. Filing ↗machine: r2 · c35 · span 369908–369915
39Section 10a, Thermon Group Holdings, Inc. reciprocityDEF 14A—0001489096-25-000097Thermon Group Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
40Section 10a, Allient, Inc. reciprocityDEF 14A—0001140361-26-011362Allient, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
41Section 10a, PAR Technology Corp. reciprocityDEF 14A—0000708821-26-000048PAR Technology Corp.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
42Section 10a, Bloom Energy Corporation reciprocityDEF 14A—0001628280-26-024237Bloom Energy Corporation's most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
43Section 10a, Shoals Technologies Group reciprocityDEF 14A—0001831651-26-000041Shoals Technologies Group names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Aspen Aerogels, Inc. reciprocityDEF 14A—0001193125-26-129161Aspen Aerogels, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
45Section 10a, Plug Power Inc. reciprocityDEF 14A—0001104659-26-052851Plug Power Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
46Section 10a, Powell Industries, Inc. reciprocityDEF 14A—0001140361-26-000342Powell Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
47Section 10a, Blink Charging Co. reciprocityDEF 14A—0001493152-26-024670Blink Charging Co. names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Powerfleet, Inc. reciprocityDEF 14A—0001493152-26-035236Powerfleet, Inc.'s most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
49Section 10a, Graham Corporation reciprocityDEF 14A—0001193125-26-302521Graham Corporation's most recent proxy was read; its disclosed peer group does not include American Superconductor. Filing ↗
50Section 10a, Energy Recovery Inc. reciprocityDEF 14A—0001421517-26-000033Energy Recovery Inc. names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗
51Section 10a, FuelCell Energy Inc. reciprocityDEF 14A—0001104659-26-017145FuelCell Energy Inc. names American Superconductor in its own disclosed peer group (read from its most recent proxy). Filing ↗

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