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Companies BEL Fuse Inc /NJ

BEL Fuse Inc /NJ (BELFA): executive pay, fiscal 2025

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CEO total pay$4,909,182CEO Farouq Tuweiq · source
Say-on-pay support98.71%Latest vote · source
CEO vs. named peers67th pct.Of 22 peer CEOs
CEO pay ratio692:1To the median employee · source

CEO pay, last three years

  • $1,157,531FY2023
  • $962,365FY2024
  • $4,909,182FY2025

CEO total pay was $4,909,182 in fiscal 2025, up from $962,365 in fiscal 2024.

FY2025: salary $509,711 · bonus $0 · stock awards $3,299,751 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at BEL Fuse Inc /NJ in fiscal 2025?
As disclosed, Farouq Tuweiq (President and Chief Executive Officer (Former Chief Financial Officer and Treasurer)) was the highest-paid executive at BEL Fuse Inc /NJ in fiscal 2025, with total compensation of $4,909,182.
How does BEL Fuse Inc /NJ's chief executive pay compare to its disclosed peer group?
As disclosed, Farouq Tuweiq's total compensation ranked at the 67th percentile of BEL Fuse Inc /NJ's disclosed peer group.
What is BEL Fuse Inc /NJ's CEO-to-median employee pay ratio?
As disclosed, BEL Fuse Inc /NJ's CEO-to-median employee pay ratio was 692:1.
How did shareholders vote on BEL Fuse Inc /NJ's executive compensation?
As disclosed, 98.71% of shareholders supported BEL Fuse Inc /NJ's executive compensation in the latest say-on-pay vote.
How much does BEL Fuse Inc /NJ spend in total on board compensation for fiscal 2025?
As disclosed, BEL Fuse Inc /NJ reported total board compensation of $815,256 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Farouq Tuweiq$509,711$0$3,299,751$0$1,000,000$0$99,720$4,909,182
President and Chief Executive Officer (Former Chief Financial Officer and Treasurer)
Lynn Hutkin263,8850981,5570246,09491,10319,6841,602,323
Chief Financial Officer, Treasurer and Secretary
Daniel Bernstein243,4580690,7180281,2500380,8491,596,275
Former President and Chief Executive Officer
Joseph Berry220,0000785,1360123,750119,58517,4141,265,885
Former President of Bel Magnetic Solutions
Kenneth Lai225,000021,7710194,06367,955480,055988,844
Vice President of Asia Operations
Peter Bittner III300,0000120,849—225,00097,42720,132763,408
Former President of Bel Connectivity Solutions

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
Farouq Tuweiq$4,909,182$962,365$1,157,531↑ +3,946,817
Lynn Hutkin1,602,323———
Daniel Bernstein1,596,2752,012,1891,708,986↓ −415,914
Joseph Berry1,265,885———
Kenneth Lai988,844733,818—↑ +255,026
Peter Bittner III763,408650,982786,163↑ +112,426

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

The executive compensation program is designed to support a high-performing organization by rewarding performance, remain competitive in the market to attract and retain talent, align executive interests with shareholders, and effectively manage total program costs and dilution.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Lynn HutkinRSU2025-03-15——10,000—$763,900
Kenneth LaiRSU2025-03-15——285—21,771
Farouq TuweiqRSU2025-03-15——19,167—1,619,325
Farouq TuweiqPSU2025-05-278,11816,236—32,4721,680,426
Joseph BerryRSU2025-03-15——278—21,236
Lynn HutkinPSU2025-05-278881,776—3,552183,816
Daniel BernsteinRSU2025-03-15——9,042—690,718
Joseph BerryRSU2025-03-15——10,000—763,900
Peter Bittner IIIRSU2025-03-15——1,582—120,849
Lynn HutkinRSU2025-03-15——443—33,841

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Lynn Hutkin$797,741$183,816$018.7%
Kenneth Lai21,771000.0%
Farouq Tuweiq1,619,3251,680,426050.9%
Joseph Berry785,136000.0%
Daniel Bernstein690,718000.0%
Peter Bittner III120,849000.0%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter Bittner IIIPSU3,206—$543,834
Lynn HutkinPSU3,552—602,526
Kenneth LaiPSU7,699—1,305,981
Joseph BerryPSU12,460—2,113,590
Lynn HutkinRSU15,295—2,594,491
Daniel BernsteinPSU19,348—3,282,001
Farouq TuweiqPSU32,472—5,508,225
Farouq TuweiqRSU37,206—6,311,254
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David VallettaIndependent$55,000$92,126——$338$147,464
Mark B. SegallIndependent65,50030,938——33696,774
Rita V. SmithIndependent62,00030,938——33693,274
Eric NowlingIndependent67,00023,452——99091,442
Peter GilbertIndependent60,00030,938——19691,134
Jacqueline BritoIndependent65,50023,452——69789,649
Vincent VellucciIndependent58,00030,938——33689,274
Thomas E. DooleyIndependent36,00030,938——30767,245
Daniel BernsteinIndependent49,000————49,000

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$70,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 7,500 / 7,500
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$518,000
Equity awards (grant-date value)$293,720
All other compensation$3,536
Total cost of the board$815,256

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names BEL Fuse Inc /NJ as a peer

Companies that benchmark against BELFA

7 companies name BELFA as a compensation peer

Each company listed discloses BELFA 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 BELFA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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.

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
1nLIGHT, Inc.2025Scott Keeney$476,808$36,086,000$0$756,217$37,333,189
2PAR Technology Corporation2025Savneet Singh645,00012,875,7020615,03414,164,778
3Netgear, Inc.2025Charles Prober767,7408,603,20501,181,73110,555,676
4Arlo Technologies, Inc.2025Matthew McRae790,0005,590,0000963,8007,358,402
5Standex International Corporation2026David Dunbar936,4364,135,8190560,4576,407,973
6Kimball Electronics, Inc.2026Richard Phillips916,4234,142,9400993,4036,080,030
7Photronics, Inc.2025George Macricostas492,4043,773,012004,985,316
8BEL Fuse Inc /NJ2025Farouq Tuweiq509,7113,299,75101,000,0004,909,182
9CTS Corporation2025Kieran O'Sullivan856,3202,900,0490975,7804,758,899
10Veeco Instruments Inc.2025William Miller680,9613,931,130004,624,824
11Ichor Holdings, Ltd.2025Phil Barros497,7853,984,4390111,3134,605,287
12Aviat Networks, Inc.2026Peter Smith650,0003,559,2760196,5634,417,472
13Faro Technologies, Inc.2024Peter Lau600,0002,956,7950438,0004,008,421
14Powell Industries, Inc.2025Brett Cope660,0001,129,26801,650,0003,600,369
15Allient Inc.2025Richard Warzala740,0001,110,03501,615,2323,530,820
16Northwest Pipe Company2025Scott Montross732,1821,280,06101,464,3643,492,930
17Alpha and Omega Semiconductor Limited2026Stephen Chang504,6442,893,050003,401,014
18Thermon Group Holdings, Inc.2025Bruce Thames715,0351,299,9630543,6202,579,122
19Vishay Precision Group, Inc.2025Ziv Shoshani743,2351,300,661002,279,041
20Richardson Electronics, Ltd.2026Edward Richardson993,460194,60078,800393,7021,673,651
21RF Industries, Ltd.2025Robert Dawson452,233169,750165,134475,6001,342,917
22ACM Research, Inc2025David Wang267,801000632,769
—Cambium Networks Corporation——————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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
BEL Fuse Inc /NJnot disclosednot disclosednot disclosedMeridian
ACM Research, Incnot disclosedOption 100not disclosedAon plc
Allient Inc.not disclosednot disclosedNoBurke Capital Group
Alpha and Omega Semiconductor Limited0%RSU 50 · PSU 50NoCompensia
Arlo Technologies, Inc.122%PSU 100NoPay Governance
Aviat Networks, Inc.not disclosedPSU 50 · RSU 50not disclosedCompensia
Cambium Networks Corporationnot disclosednot disclosednot disclosednot disclosed
CTS Corporation112.8%not disclosedYes — Relative Total Shareholder Return (RTSR) ModifierExequity, LLP
Faro Technologies, Inc.73%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR) compared to Russell 2000 IndexCompensia
Ichor Holdings, Ltd.34%not disclosedYes — Relative total shareholder return (TSR)Aon Human Capital Solutions
Kimball Electronics, Inc.108.4%PSU 55 · RSU 45Yes — rTSRAon
Netgear, Inc.128%RSU 50 · PSU 50Yes — Relative TSR RankFrederick W. Cook & Co., Inc.
nLIGHT, Inc.159%RSU 50 · PSU 50NoCompensia
Northwest Pipe Companynot disclosedPSU 75 · RSU 25not disclosedWillis Towers Watson
PAR Technology Corporation95.4%RSU 50 · PRSU 50Yes — Relative TSR compared to the Information Technology sector of the Russell 2000 Index companiesFW Cook
Photronics, Inc.not disclosedRSU 100not disclosedF. W. Cook
Powell Industries, Inc.200%RSU 50 · PRSU 50Nonot disclosed
RF Industries, Ltd.not disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
Richardson Electronics, Ltd.not disclosednot disclosednot disclosednot disclosed
Standex International Corporationnot disclosedRSU 50 · PSU 50Yes — Relative TSRMeridian
Thermon Group Holdings, Inc.76%not disclosedNoMercer
Veeco Instruments Inc.not disclosedPSU 65 · RSU 35NoCompensation Strategies, Inc.
Vishay Precision Group, Inc.not disclosednot disclosedNoEY Parthenon

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.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-261,564,82320,528170,55098.71%Passed
20252025-05-271,628,56115,926130,30099.03%Passed
20242024-05-141,353,08913,9661,33898.98%Passed
20232023-05-231,301,49227,27086597.95%Passed
20222022-05-241,275,2873,428124,29199.73%Passed
20212021-05-181,382,83137,02674,39397.39%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
20262026-05-2698.71%a
20252025-05-2799.03%b
20242024-05-1498.98%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

CEO pay ratio

Ratio (CEO : median employee)692 : 1
CEO total compensation$6,207,957
Median employee compensation$8,977
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (54 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, Farouq Tuweiq. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 4,909,182. View filing ↗
  • Section 01, Lynn Hutkin. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 1,602,323. View filing ↗
  • Section 01, Daniel Bernstein. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 1,596,275. View filing ↗
  • Section 01, Joseph Berry. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 1,265,885. View filing ↗
  • Section 01, Kenneth Lai. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 988,844. View filing ↗
  • Section 01, Peter Bittner III. DEF 14A, filed 2026-04-10. Section “Executive Compensation”. As printed: 763,408. View filing ↗
  • Section 03, Lynn Hutkin RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Kenneth Lai RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Farouq Tuweiq RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Farouq Tuweiq PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Berry RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Lynn Hutkin PSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Daniel Bernstein RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Joseph Berry RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Peter Bittner III RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Lynn Hutkin RSU. DEF 14A, filed 2026-04-10. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-10. Section “CEO Pay Ratio”. As printed: 692 : 1. View filing ↗
  • Section 08, David Valletta. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 147,464. View filing ↗
  • Section 08, Mark B. Segall. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 96,774. View filing ↗
  • Section 08, Rita V. Smith. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 93,274. View filing ↗
  • Section 08, Eric Nowling. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 91,442. View filing ↗
  • Section 08, Peter Gilbert. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 91,134. View filing ↗
  • Section 08, Jacqueline Brito. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 89,649. View filing ↗
  • Section 08, Vincent Vellucci. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 89,274. View filing ↗
  • Section 08, Thomas E. Dooley. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 67,245. View filing ↗
  • Section 08, Daniel Bernstein. DEF 14A, filed 2026-04-10. Section “Director Compensation”. As printed: 49,000. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-28. Item 5.07 · say-on-pay result. As reported: 98.71% (votes for as printed: 1,564,823). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-28. Item 5.07 · say-on-pay result. As reported: 99.03% (votes for as printed: 1,628,561). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-14. Item 5.07 · say-on-pay result. As reported: 98.98% (votes for as printed: 1,353,089). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 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).
  • Section 09b board cost (computed). Computed. Cash 518,000 + equity 293,720 + all other 3,536 = 815,256, summed across the director compensation table rows.
  • nLIGHT, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in nLIGHT, Inc.'s own proxy. As printed: 37,333,189. View filing ↗
  • PAR Technology Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in PAR Technology Corporation's own proxy. As printed: 14,164,778. View filing ↗
  • Netgear, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Netgear, Inc.'s own proxy. As printed: 10,555,676. View filing ↗
  • Arlo Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Arlo Technologies, Inc.'s own proxy. As printed: 7,358,402. View filing ↗
  • Standex International Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-04. CEO total compensation as printed in Standex International Corporation's own proxy. As printed: 6,407,973. View filing ↗
  • Kimball Electronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-30. CEO total compensation as printed in Kimball Electronics, Inc.'s own proxy. As printed: 6,080,030. View filing ↗
  • Photronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-02-23. CEO total compensation as printed in Photronics, Inc.'s own proxy. As printed: 4,985,316. View filing ↗
  • BEL Fuse Inc /NJ (subject), Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in BEL Fuse Inc /NJ's own proxy. As printed: 4,909,182. View filing ↗
  • CTS Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in CTS Corporation's own proxy. As printed: 4,758,899. View filing ↗
  • Veeco Instruments Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Veeco Instruments Inc.'s own proxy. As printed: 4,624,824. View filing ↗
  • Ichor Holdings, Ltd., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Ichor Holdings, Ltd.'s own proxy. As printed: 4,605,287. View filing ↗
  • Aviat Networks, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-02. CEO total compensation as printed in Aviat Networks, Inc.'s own proxy. As printed: 4,417,472. View filing ↗
  • Faro Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-10. CEO total compensation as printed in Faro Technologies, Inc.'s own proxy. As printed: 4,008,421. View filing ↗
  • Powell Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-06. CEO total compensation as printed in Powell Industries, Inc.'s own proxy. As printed: 3,600,369. View filing ↗
  • Allient Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Allient Inc.'s own proxy. As printed: 3,530,820. View filing ↗
  • Northwest Pipe Company, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Northwest Pipe Company's own proxy. As printed: 3,492,930. View filing ↗
  • Alpha and Omega Semiconductor Limited, Section 10b CEO total. DEF 14A, filed 2026-09-30. CEO total compensation as printed in Alpha and Omega Semiconductor Limited's own proxy. As printed: 3,401,014. View filing ↗
  • Thermon Group Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2025-06-18. CEO total compensation as printed in Thermon Group Holdings, Inc.'s own proxy. As printed: 2,579,122. View filing ↗
  • Vishay Precision Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Vishay Precision Group, Inc.'s own proxy. As printed: 2,279,041. View filing ↗
  • Richardson Electronics, Ltd., Section 10b CEO total. DEF 14A, filed 2026-08-21. CEO total compensation as printed in Richardson Electronics, Ltd.'s own proxy. As printed: 1,673,651. View filing ↗
  • RF Industries, Ltd., Section 10b CEO total. DEF 14A, filed 2026-07-28. CEO total compensation as printed in RF Industries, Ltd.'s own proxy. As printed: 1,342,917. View filing ↗
  • ACM Research, Inc, Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in ACM Research, Inc's own proxy. As printed: 632,769. View filing ↗
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