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 AMTX 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 AMTX 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 |
|---|---|---|---|---|---|---|---|---|
| Eric McAfee | $500,000 | $200,000 | $819,000 | $0 | $0 | $0 | $350,000 | $1,869,000 |
| Chair of the Board and Chief Executive Officer | ||||||||
| J. Michael Rockett | 400,000 | 125,000 | 0 | 464,000 | 0 | 0 | 60,973 | 1,049,973 |
| Executive Vice President, General Counsel, and Corporate Secretary | ||||||||
| Todd Waltz | 430,000 | 125,000 | 0 | 464,000 | 0 | 0 | 14,000 | 1,033,000 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Andrew Foster | 400,000 | 125,000 | 0 | 464,000 | 0 | 0 | 14,000 | 1,003,000 |
| Executive Vice President and Chief Operating Officer | ||||||||
| Sanjeev Gupta | 400,000 | 125,000 | 0 | 464,000 | 0 | 0 | 14,000 | 1,003,000 |
| Executive Vice President, Aemetis International | ||||||||
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 |
|---|---|---|---|---|
| Eric McAfee | $1,869,000 | $1,637,000 | $1,760,000 | +232,000 |
| J. Michael Rockett | 1,049,973 | 818,734 | 423,269 | +231,239 |
| Todd Waltz | 1,033,000 | 839,534 | 1,126,194 | +193,466 |
| Andrew Foster | 1,003,000 | 818,734 | 1,105,427 | +184,266 |
| Sanjeev Gupta | 1,003,000 | 818,734 | 1,105,427 | +184,266 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Timothy A. Simon | Director | 2026-06-10 | D | 10,000 | $2 | $20,500 | Common | Form 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.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Todd Waltz | OPTION | 2025-01-16 | — | — | 200,000 | — | $464,000 |
| Andrew Foster | OPTION | 2025-01-16 | — | — | 200,000 | — | 464,000 |
| Eric McAfee | RSU | 2025-01-16 | — | — | 300,000 | — | 819,000 |
| Sanjeev Gupta | OPTION | 2025-01-16 | — | — | 200,000 | — | 464,000 |
| J. Michael Rockett | OPTION | 2025-01-16 | — | — | 200,000 | — | 464,000 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Todd Waltz | $0 | $0 | $464,000 | 0.0% |
| Andrew Foster | 0 | 0 | 464,000 | 0.0% |
| Eric McAfee | 819,000 | 0 | 0 | 0.0% |
| Sanjeev Gupta | 0 | 0 | 464,000 | 0.0% |
| J. Michael Rockett | 0 | 0 | 464,000 | 0.0% |
% 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 |
|---|---|---|---|---|
| Andrew Foster | Option | 12,500 | 3.75 | — |
| J. Michael Rockett | Option | 83,333 | 3.09 | — |
| J. Michael Rockett | Option | 150,000 | 2.73 | — |
| Todd Waltz | Option | 12,500 | 3.75 | — |
| Sanjeev Gupta | Option | 12,500 | 3.75 | — |
| Todd Waltz | Option | 150,000 | 2.73 | — |
| Sanjeev Gupta | Option | 150,000 | 2.73 | — |
| Todd Waltz | Option | 83,333 | 3.09 | — |
| Andrew Foster | Option | 83,333 | 3.09 | — |
| Andrew Foster | Option | 150,000 | 2.73 | — |
| Sanjeev Gupta | Option | 83,333 | 3.09 | — |
| J. Michael Rockett | Option | 25,000 | 1.88 | — |
We strive to create a compensation program that rewards profitable company growth and differentiates pay based on business unit, division and individual contributions. The principles and objectives of our compensation and benefits programs for our executive officers are to: encourage highly talented executives to come, stay, grow and lead, enabling us to be an employer of choice in our industry; tie pay to performance to recognize and reward individual contributions to our success; focus leadership on our long-term strategies and value creation by providing a substantial percentage of compensation weighted towards equity incentives that are subject to multi-year vesting requirements; and ensure that our total compensation is fair, reasonable and competitive relative to the markets in which we compete for talent.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | false |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-05-14 | 10,875,885 | 2,153,875 | 113,132 | 82.75% | Passed |
| 2022 | 2022-05-26 | 15,242,918 | 187,218 | 23,798 | 98.79% | Passed |
| 2019 | 2019-04-25 | 11,300,677 | 50,820 | 32,259 | 99.55% | 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 |
|---|---|---|
| 2025 | 2025-05-14 | 82.75%a |
| 2022 | 2022-05-26 | 98.79%b |
| 2019 | 2019-04-25 | 99.55%c |
a. Approved under the standard stated in the filing — “Except for establishing a quorum, broker non-votes and abstentions will have no effect on Proposal Number 1, and broker non-votes and abstentions will have the same effect as a vote "AGAINST" Proposals Number 2 and Number 3.”.
b. Approved under the standard stated in the filing — “Thus, an abstention or broker non-vote will have no effect on Proposal No.”.
c. Approved under the standard stated in the filing — “Thus, an abstention or broker non-vote will have no effect on Proposal 1 and an abstention will be counted as a vote "AGAINST" Proposals 2, 3 and 4.”.
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) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Francis P. BartonIndependent · Lead Independent Director · Audit (Chair) · Governance, Compensation and Nominating | $124,000 | $49,140 | $0 | — | $0 | $173,140 |
| Lydia I. BeebeIndependent · Governance, Compensation and Nominating (Chair) | 93,000 | 39,585 | 0 | — | 0 | 132,585 |
| Naomi L. BonessIndependent · Audit | 75,000 | 32,760 | 0 | — | 0 | 107,760 |
| Timothy A. SimonIndependent · Audit | 75,000 | 32,760 | 0 | — | 0 | 107,760 |
| John R. BlockIndependent · Governance, Compensation and Nominating · Not standing for re-election | 75,000 | 32,760 | 0 | — | 0 | 107,760 |
| Eric A. McAfeeEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $32,760 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $442,000 |
| Equity awards (grant-date value) | $187,005 |
| All other compensation | $0 |
| Total cost of the board | $629,005 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Aemetis | 2025 | Eric McAfee | $500,000 | $819,000 | $0 | $0 | $1,869,000 |
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.
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, Eric McAfee | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Summary Compensation Table”. As printed: 1,869,000. Filing ↗machine: span 372987–372996 |
| 2 | Section 01, J. Michael Rockett | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Summary Compensation Table”. As printed: 1,049,973. Filing ↗machine: r13 · c24 · span 420668–420677 |
| 3 | Section 01, Todd Waltz | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Summary Compensation Table”. As printed: 1,033,000. Filing ↗machine: r4 · c24 · span 384908–384917 |
| 4 | Section 01, Andrew Foster | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Summary Compensation Table”. As printed: 1,003,000. Filing ↗machine: r7 · c24 · span 396828–396837 |
| 5 | Section 01, Sanjeev Gupta | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Summary Compensation Table”. As printed: 1,003,000. Filing ↗machine: r10 · c24 · span 408745–408754 |
| 6 | Section 03, Todd Waltz OPTION | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t39 · r4 · c17 · span 383883–383890 |
| 7 | Section 03, Andrew Foster OPTION | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t39 · r7 · c17 · span 395803–395810 |
| 8 | Section 03, Eric McAfee RSU | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “GOVERNANCE, COMPENSATION, AND NOMINATING COMMITTEE REPORT &” · grants of plan-based awards table. Filing ↗machine: t39 · r1 · c13 · span 371467–371474 |
| 9 | Section 03, Sanjeev Gupta OPTION | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t39 · r10 · c17 · span 407720–407727 |
| 10 | Section 03, J. Michael Rockett OPTION | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t39 · r13 · c17 · span 419643–419650 |
| 11 | Section 07, pay ratio | 10-K | 2026-03-16 | 0001437749-26-008289 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 12 | Section 08, Francis P. Barton | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 173,140. Filing ↗machine: t23 · r1 · c15 · span 233245–233252 |
| 13 | Section 08, Lydia I. Beebe | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 132,585. Filing ↗machine: t23 · r2 · c15 · span 235608–235615 |
| 14 | Section 08, Naomi L. Boness | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 107,760. Filing ↗machine: t23 · r4 · c15 · span 240334–240341 |
| 15 | Section 08, Timothy A. Simon | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 107,760. Filing ↗machine: t23 · r5 · c15 · span 242699–242706 |
| 16 | Section 08, John R. Block | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 107,760. Filing ↗machine: t23 · r3 · c15 · span 237970–237977 |
| 17 | Section 08, Eric A. McAfee | DEF 14A | 2026-04-07 | 0001437749-26-011626 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 18 | Section 02, Timothy A. Simon 2026-06-10 | Form 4 | 2026-06-11 | 0000738214-26-000036 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 19 | Section 06, 2025 vote | Form 8-K | 2025-05-16 | 0001437749-25-017423 | Item 5.07 · say-on-pay result. As reported: 82.75% (votes for as printed: 10,875,885). Filing ↗ |
| 20 | Section 06, 2022 vote | Form 8-K | 2022-06-02 | 0001654954-22-007866 | Item 5.07 · say-on-pay result. As reported: 98.79%. Filing ↗ |
| 21 | Section 06, 2019 vote | Form 8-K | 2019-04-26 | 0001654954-19-004894 | Item 5.07 · say-on-pay result. As reported: 99.55%. Filing ↗ |
| 22 | 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) |
| 23 | 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 |
| 24 | Section 09b board cost (computed) | Computed | — | computed | Cash 442,000 + equity 187,005 + all other 0 = 629,005, summed across the director compensation table rows.machine: formula: Σ = 629,005 |
| 25 | Aemetis (subject), Section 10b CEO total | DEF 14A | 2026-04-07 | 0001437749-26-011626 | CEO total compensation as printed in Aemetis's own proxy. As printed: 1,869,000. Filing ↗machine: span 372987–372996 |