Companies Broadwind
Broadwind (BWEN): executive pay, fiscal 2025
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CEO pay, last three years
- $1,216,040FY2023
- $877,649FY2024
- $757,549FY2025
CEO total pay was $757,549 in fiscal 2025, down from $877,649 in fiscal 2024.
FY2025: salary $447,501 · bonus $33,563 · stock awards $259,877 · option awards $0
Frequently asked questions
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Eric Blashford | $447,501 | $33,563 | $259,877 | $0 | $0 | $0 | $16,608 | $757,549 |
| President, Chief Executive Officer | ||||||||
| Thomas Ciccone | 242,811 | 22,141 | 93,733 | 0 | 0 | 0 | 11,535 | 370,220 |
| Vice President, Chief Financial Officer | ||||||||
| Gilbert Mayo Jr. | 221,867 | 0 | 51,896 | 0 | 41,440 | 0 | 9,197 | 324,400 |
| President, Broadwind Industrial Solutions, LLC | ||||||||
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 |
|---|---|---|---|---|
| Eric Blashford | $757,549 | $877,649 | $1,216,040 | ↓ −120,100 |
| Thomas Ciccone | 370,220 | 401,022 | 517,528 | ↓ −30,802 |
| Gilbert Mayo Jr. | 324,400 | 317,457 | — | ↑ +6,943 |
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 the overall objective of maximizing long-term stockholder value by aligning the interests of executive officers with stockholders and rewarding them for achieving Company and strategic objectives. It aims to attract and retain talented leaders by providing compensation opportunities that include a significant performance-based component.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co., Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Gilbert Mayo Jr. | RSU | 2,370 | — | $6,707 |
| Thomas Ciccone | RSU | 4,197 | — | 11,878 |
| Gilbert Mayo Jr. | RSU | 7,269 | — | 20,571 |
| Gilbert Mayo Jr. | PSU | 8,689 | — | — |
| Eric Blashford | RSU | 11,808 | — | 33,417 |
| Gilbert Mayo Jr. | RSU | 12,356 | — | 34,967 |
| Thomas Ciccone | RSU | 13,128 | — | 37,152 |
| Gilbert Mayo Jr. | PSU | 13,326 | — | 37,713 |
| Gilbert Mayo Jr. | PSU | 15,102 | — | 42,739 |
| Thomas Ciccone | PSU | 15,389 | — | — |
| Thomas Ciccone | RSU | 22,317 | — | 63,157 |
| Thomas Ciccone | PSU | 24,068 | — | 68,112 |
| Thomas Ciccone | PSU | 27,277 | — | 77,194 |
| Eric Blashford | RSU | 36,398 | — | 103,006 |
| Eric Blashford | PSU | 43,295 | — | — |
| Eric Blashford | RSU | 61,875 | — | 175,106 |
| Eric Blashford | PSU | 66,728 | — | 188,840 |
| Eric Blashford | PSU | 75,626 | — | 214,022 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Jeanette A. PressIndependent · Audit (Chair) · Compensation · Governance | $50,000 | $40,000 | — | — | — | $90,000 |
| Cary B. WoodIndependent · Board Chair · Compensation | 50,000 | 40,000 | — | — | — | 90,000 |
| David P. ReilandIndependent · Audit · Governance (Chair) · Not standing for re-election | 50,000 | 40,000 | — | — | — | 90,000 |
| Sachin M. ShivaramIndependent · Audit · Compensation · Governance | 50,000 | 40,000 | — | — | — | 90,000 |
| Philip J. ChristmanIndependent · Audit · Compensation · Governance | 50,000 | 40,000 | — | — | — | 90,000 |
| Eric B. BlashfordEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $40,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | $3 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $250,000 |
| Equity awards (grant-date value) | $200,000 |
| All other compensation | $0 |
| Total cost of the board | $450,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Broadwind as a peer
Companies that benchmark against BWEN
4 companies name BWEN as a compensation peer
- FUEL TECH, INC.FTEKFY2025
- HURCO COMPANIES INCHURCFY2025
- MAMMOTH ENERGY SERVICES, INC.TUSKFY2025
- Perma-Pipe International Holdings, Inc.PPIHFY2026
Each company listed discloses BWEN 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 BWEN 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.
Peer reciprocity
The companies Broadwind names as compensation peers that name it back in their own disclosed peer groups.
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 | DMC Global Inc. | 2025 | James O’Leary | $654,231 | $3,699,992 | $0 | $1,233,304 | $5,615,614 |
| 2 | Eastern Company | 2025 | Robert Rivers | 995,000 | 1,480,480 | 0 | 1,094,500 | 4,432,693 |
| 3 | Preformed Line Products Company | 2025 | Dennis McKenna | 725,004 | 1,564,843 | 0 | 725,004 | 3,287,390 |
| 4 | Natural Gas Services | 2025 | Justin Jacobs | 581,250 | 1,631,862 | 0 | 711,706 | 2,968,713 |
| 5 | Twin Disc, Incorporated | 2026 | John Batten | 712,071 | 1,002,767 | 0 | 440,060 | 2,345,850 |
| 6 | Hurco Companies, Inc. | 2025 | Gregory Volovic | 675,800 | 1,249,991 | 0 | 0 | 2,023,603 |
| 7 | NCS Multistage | 2025 | Ryan Hummer | 470,833 | 707,034 | 0 | 688,991 | 1,893,018 |
| 8 | Graham Corporation | 2026 | Matthew Malone | 462,769 | 600,004 | 0 | 636,308 | 1,809,120 |
| 9 | Perma-Pipe International Holdings, Inc. | 2025 | Saleh Sagr | 424,502 | 450,003 | 0 | 649,970 | 1,747,437 |
| 10 | Broadwind | 2025 | Eric Blashford | 447,501 | 259,877 | 0 | 0 | 757,549 |
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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Broadwind | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| DMC Global Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Eastern Company | not disclosed | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (“TSR”) vs. KRX Banks | Pearl Meyer |
| Graham Corporation | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| Hurco Companies, Inc. | not disclosed | PSU 55 · RSU 45 | No | Pay Governance, LLC |
| Natural Gas Services | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. (FW Cook) |
| NCS Multistage | not disclosed | not disclosed | not disclosed | Mercer LLC |
| Perma-Pipe International Holdings, Inc. | not disclosed | not disclosed | not disclosed | Willis Towers Watson |
| Preformed Line Products Company | 100% for Executive Chairman, CEO, CFO, and President; 85% for other NEOs% | PRSU 66.67 · RSU 33.33 | No | not disclosed |
| Twin Disc, Incorporated | not disclosed | not disclosed | not disclosed | Pay Governance, 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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-28 | 8,025,229 | 277,659 | 37,059 | 96.66% | Passed |
| 2025 | 2025-05-15 | 6,774,460 | 537,553 | 126,848 | 92.65% | Passed |
| 2023 | 2023-05-23 | 8,451,752 | 2,500,410 | 768,742 | 77.17% | Passed |
| 2022 | 2022-04-26 | 4,763,849 | 245,540 | 189,995 | 95.1% | Passed |
| 2021 | 2021-04-30 | 7,273,537 | 131,914 | 66,596 | 98.22% | Passed |
| 2020 | 2020-05-01 | 5,389,792 | 568,100 | 396,942 | 84.81% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-28 | 96.66%a |
| 2025 | 2025-05-15 | 92.65%b |
| 2023 | 2023-05-23 | 77.17%c |
a. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" will not be counted in determining the number of votes cast and, therefore, will have no effect on the outcome of this vote.”.
b. Approved under the standard stated in the filing — “Abstentions and "broker non-votes" will not be counted in determining the number of votes cast and, therefore, will have no effect on the outcome of this vote.”.
c. Approved under the standard stated in the filing — “Abstentions and broker "non-votes" will not be counted in determining the number of votes cast and, therefore, will have no effect on the outcome of this vote.”.
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
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 |
|---|---|---|---|---|---|---|---|---|
| Eric B. Blashford | President and CEO | 2026-05-15 | D | 8,941 | $5 | $40,413 | Common | Form 4 ↗ |
| Thomas Ciccone | VP and CFO | 2026-05-15 | D | 2,898 | 5 | 13,099 | Common | Form 4 ↗ |
| Gilbert Mayo Jr. | Pres., Broadwind Ind. Solution | 2026-05-15 | D | 1,607 | 5 | 7,264 | Common | Form 4 ↗ |
| Eric B. Blashford | President and CEO | 2026-05-18 | D | 7,656 | 4 | 29,016 | Common | Form 4 ↗ |
| Thomas Ciccone | VP and CFO | 2026-05-18 | D | 2,332 | 4 | 8,838 | Common | Form 4 ↗ |
| Gilbert Mayo Jr. | Pres., Broadwind Ind. Solution | 2026-05-18 | D | 1,320 | 4 | 5,003 | Common | Form 4 ↗ |
| Eric B. Blashford | President and CEO | 2026-05-26 | D | 4,691 | 4 | 18,576 | Common | Form 4 ↗ |
| Thomas Ciccone | VP and CFO | 2026-05-26 | D | 1,282 | 4 | 5,077 | Common | Form 4 ↗ |
| Gilbert Mayo Jr. | Pres., Broadwind Ind. Solution | 2026-05-26 | D | 753 | 4 | 2,982 | Common | Form 4 ↗ |
| Philip J. Christman | Director | 2026-05-28 | A | 13,605 | 4 | 49,998 | Common | Form 4 ↗ |
| Thomas Ciccone | VP and CFO | 2026-05-28 | A | 15,157 | 4 | 55,702 | Common | Form 4 ↗ |
| Jeanette A. Press | Director | 2026-05-28 | A | 13,605 | 4 | 49,998 | Common | Form 4 ↗ |
| Sachin M. Shivaram | Director | 2026-05-28 | A | 13,605 | 4 | 49,998 | Common | Form 4 ↗ |
| Cary B. Wood | Director | 2026-05-28 | A | 13,605 | 4 | 49,998 | Common | Form 4 ↗ |
| Gilbert Mayo Jr. | Pres., Broadwind Ind. Solution | 2026-05-28 | A | 8,231 | 4 | 30,249 | Common | Form 4 ↗ |
| Eric B. Blashford | President and CEO | 2026-05-28 | A | 41,786 | 4 | 153,564 | Common | Form 4 ↗ |
| Eric B. Blashford | President and CEO | 2026-07-01 | A | 41,251 | 5 | 191,817 | Common | Form 4 ↗ |
| Thomas Ciccone | VP and CFO | 2026-07-01 | A | 16,289 | 5 | 75,744 | Common | Form 4 ↗ |
| Gilbert Mayo Jr. | Pres., Broadwind Ind. Solution | 2026-07-01 | A | 8,348 | 5 | 38,818 | 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.
Sources (44 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, Eric Blashford. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 757,549. View filing ↗
- Section 01, Thomas Ciccone. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 370,220. View filing ↗
- Section 01, Gilbert Mayo Jr.. DEF 14A, filed 2026-04-14. Section “Executive Compensation”. As printed: 324,400. View filing ↗
- Section 08, Jeanette A. Press. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Cary B. Wood. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, David P. Reiland. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Sachin M. Shivaram. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Philip J. Christman. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Eric B. Blashford. DEF 14A, filed 2026-04-14. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Eric B. Blashford 2026-05-15. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Ciccone 2026-05-15. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gilbert Mayo Jr. 2026-05-15. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eric B. Blashford 2026-05-18. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Ciccone 2026-05-18. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gilbert Mayo Jr. 2026-05-18. Form 4, filed 2026-05-19. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eric B. Blashford 2026-05-26. Form 4, filed 2026-05-28. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Ciccone 2026-05-26. Form 4, filed 2026-05-28. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gilbert Mayo Jr. 2026-05-26. Form 4, filed 2026-05-28. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Philip J. Christman 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Ciccone 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jeanette A. Press 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sachin M. Shivaram 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Cary B. Wood 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gilbert Mayo Jr. 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eric B. Blashford 2026-05-28. Form 4, filed 2026-06-01. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eric B. Blashford 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Thomas Ciccone 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gilbert Mayo Jr. 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-29. Item 5.07 · say-on-pay result. As reported: 96.66% (votes for as printed: 8,025,229). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-19. Item 5.07 · say-on-pay result. As reported: 92.65% (votes for as printed: 6,774,460). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-05-25. Item 5.07 · say-on-pay result. As reported: 77.17% (votes for as printed: 8,451,752). 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 250,000 + equity 200,000 + all other 0 = 450,000, summed across the director compensation table rows.
- DMC Global Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in DMC Global Inc.'s own proxy. As printed: 5,615,614. View filing ↗
- Eastern Company, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Eastern Company's own proxy. As printed: 4,432,693. View filing ↗
- Preformed Line Products Company, Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Preformed Line Products Company's own proxy. As printed: 3,287,390. View filing ↗
- Natural Gas Services, Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Natural Gas Services's own proxy. As printed: 2,968,713. View filing ↗
- Twin Disc, Incorporated, Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,345,850. View filing ↗
- Hurco Companies, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Hurco Companies, Inc.'s own proxy. As printed: 2,023,603. View filing ↗
- NCS Multistage, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in NCS Multistage's own proxy. As printed: 1,893,018. View filing ↗
- Graham Corporation, Section 10b CEO total. DEF 14A, filed 2026-07-14. CEO total compensation as printed in Graham Corporation's own proxy. As printed: 1,809,120. View filing ↗
- Perma-Pipe International Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-13. CEO total compensation as printed in Perma-Pipe International Holdings, Inc.'s own proxy. As printed: 1,747,437. View filing ↗
- Broadwind (subject), Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Broadwind's own proxy. As printed: 757,549. View filing ↗
- Section 10a, Perma-Pipe International Holdings, Inc. reciprocity. DEF 14A. Perma-Pipe International Holdings, Inc. names Broadwind in its own disclosed peer group (read from its most recent proxy). View filing ↗