Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-14

Broadwind (BWEN)

CEO Eric Blashford was paid $757,549 in 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.

$757,549
Eric Blashford total, FY2025
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
96.66%
Say-on-pay support, latest vote

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Companies that benchmark against BWEN
4 companies name BWEN as a compensation peer

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.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Eric Blashford$447,501$33,563$259,877$0$0$0$16,608$757,549
President, Chief Executive Officer
Thomas Ciccone242,81122,14193,73300011,535370,220
Vice President, Chief Financial Officer
Gilbert Mayo Jr.221,867051,896041,44009,197324,400
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Eric Blashford$757,549$877,649—−120,100
Thomas Ciccone370,220401,022—−30,802
Gilbert Mayo Jr.324,400317,457—+6,943

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gilbert Mayo Jr.PSU15,102—$42,739
Gilbert Mayo Jr.RSU7,269—20,571
Eric BlashfordRSU11,808—33,417
Gilbert Mayo Jr.RSU12,356—34,967
Eric BlashfordPSU75,626—214,022
Eric BlashfordPSU66,728—188,840
Eric BlashfordRSU61,875—175,106
Eric BlashfordRSU36,398—103,006
Thomas CicconePSU27,277—77,194
Thomas CicconePSU24,068—68,112
Thomas CicconeRSU22,317—63,157
Gilbert Mayo Jr.PSU13,326—37,713
Thomas CicconeRSU13,128—37,152
Thomas CicconeRSU4,197—11,878
Gilbert Mayo Jr.RSU2,370—6,707
05

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 consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-288,025,229277,65937,05996.66%Passed
20252025-05-156,774,460537,553126,84892.65%Passed
20232023-05-238,451,7522,500,410768,74277.17%Passed
20222022-04-264,763,849245,540189,99595.1%Passed
20212021-04-307,273,537131,91466,59698.22%Passed
20202020-05-015,389,792568,100396,94284.81%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 yearMeeting dateApproval — company's computation
20262026-05-2896.66%a
20252025-05-1592.65%b
20232023-05-2377.17%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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Cary B. WoodIndependent · Board Chair · Compensation$50,000$40,000———$90,000
David P. ReilandIndependent · Audit · Governance (Chair) · Not standing for re-election50,00040,000———90,000
Sachin M. ShivaramIndependent · Audit · Compensation · Governance50,00040,000———90,000
Jeanette A. PressIndependent · Audit (Chair) · Compensation · Governance50,00040,000———90,000
Philip J. ChristmanIndependent · Audit · Compensation · Governance50,00040,000———90,000
Eric B. BlashfordEmployee director—————0
09

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
09b

Total cost of the board

ComponentFY2025
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.

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 Broadwind 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 Broadwind.

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
1Eastern Company2025Denis Sheahan$800,000$3,371,297$0$792,000$5,069,867
2Preformed Line Products Company2025Dennis McKenna725,0041,564,8430725,0043,287,390
3Natural Gas Services2025Justin Jacobs581,2501,631,8620711,7062,968,713
4Twin Disc, Incorporated2025John Batten704,6981,033,8300495,6102,411,245
5Hurco Companies, Inc.2025Gregory Volovic675,8001,249,991002,023,603
6Graham Corporation2026Matthew Malone462,769600,0040636,3081,809,120
7Perma-Pipe International Holdings, Inc.2025Saleh Sagr424,502450,0030649,9701,747,437
8Broadwind2025Eric Blashford447,501259,87700757,549
—DMC Global Inc.——————not in coverage universe
—NCS Multistage——————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
Broadwindnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
DMC Global Inc.not disclosednot disclosednot disclosednot disclosed
Eastern Companynot disclosedPSU 60 · RSU 40not disclosedPearl Meyer
Graham Corporationnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Hurco Companies, Inc.not disclosedPSU 55 · RSU 45NoPay Governance, LLC
Natural Gas Servicesnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc.
NCS Multistagenot disclosednot disclosednot disclosednot disclosed
Perma-Pipe International Holdings, Inc.not disclosednot disclosednot disclosedWillis Towers Watson
Preformed Line Products Company100%RSU 100Nonot disclosed
Twin Disc, Incorporatednot disclosednot disclosednot disclosedPay 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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Broadwind in fiscal 2025?
As disclosed, Eric Blashford, President and Chief Executive Officer, was the highest-paid executive at Broadwind in fiscal 2025 with total compensation of $757,549.
How does Broadwind's chief executive pay compare to its disclosed peer group?
The filing shows that the chief executive's pay ranked in the 1st percentile of the disclosed peer group.
What is Broadwind's CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio is not disclosed in this filing.
How did shareholders vote on Broadwind's executive compensation?
Shareholders voted in support of the executive compensation proposal with 96.66% approval.
How much does Broadwind spend in total on board compensation for fiscal 2025?
The company reported total board compensation of $450,000 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, Eric BlashfordDEF 14A2026-04-140001437749-26-012220Section “Executive Compensation”. As printed: 757,549. Filing ↗machine: span 465124–465131
2Section 01, Thomas CicconeDEF 14A2026-04-140001437749-26-012220Section “Executive Compensation”. As printed: 370,220. Filing ↗machine: span 474141–474148
3Section 01, Gilbert Mayo Jr.DEF 14A2026-04-140001437749-26-012220Section “Executive Compensation”. As printed: 324,400. Filing ↗machine: span 483165–483172
4Section 08, Cary B. WoodDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 178045–178051
5Section 08, David P. ReilandDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 181489–181495
6Section 08, Sachin M. ShivaramDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 188336–188342
7Section 08, Jeanette A. PressDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 191856–191862
8Section 08, Philip J. ChristmanDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 184913–184919
9Section 08, Eric B. BlashfordDEF 14A2026-04-140001437749-26-012220Section “Director Compensation”. As printed: 0. Filing ↗
10Section 06, 2026 voteForm 8-K2026-05-290001437749-26-018834Item 5.07 · say-on-pay result. As reported: 96.66% (votes for as printed: 8,025,229). Filing ↗
11Section 06, 2025 voteForm 8-K2025-05-190001437749-25-017586Item 5.07 · say-on-pay result. As reported: 92.65% (votes for as printed: 6,774,460). Filing ↗
12Section 06, 2023 voteForm 8-K2023-05-250001437749-23-015812Item 5.07 · say-on-pay result. As reported: 77.17% (votes for as printed: 8,451,752). Filing ↗
13Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)Computed——Cash 250,000 + equity 200,000 + all other 0 = 450,000, summed across the director compensation table rows.machine: formula: Σ = 450,000
15Eastern Company, Section 10b CEO totalDEF 14A2026-03-260001193125-26-126283CEO total compensation as printed in Eastern Company's own proxy. As printed: 5,069,867. Filing ↗machine: span 693146–693155
16Preformed 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
17Natural Gas Services, Section 10b CEO totalDEF 14A2026-04-280001084991-26-000032CEO total compensation as printed in Natural Gas Services's own proxy. As printed: 2,968,713. Filing ↗machine: r4 · c21 · span 588917–588926
18Twin Disc, Incorporated, Section 10b CEO totalDEF 14A2025-09-150001437749-25-029012CEO total compensation as printed in Twin Disc, Incorporated's own proxy. As printed: 2,411,245. Filing ↗machine: span 566177–566186
19Hurco Companies, Inc., Section 10b CEO totalDEF 14A2026-01-280001104659-26-007238CEO total compensation as printed in Hurco Companies, Inc.'s own proxy. As printed: 2,023,603. Filing ↗machine: r1 · c41 · span 754495–754504
20Graham 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
21Perma-Pipe International Holdings, Inc., Section 10b CEO totalDEF 14A2026-05-130001437749-26-016549CEO total compensation as printed in Perma-Pipe International Holdings, Inc.'s own proxy. As printed: 1,747,437. Filing ↗machine: span 515435–515444
22Broadwind (subject), Section 10b CEO totalDEF 14A2026-04-140001437749-26-012220CEO total compensation as printed in Broadwind's own proxy. As printed: 757,549. Filing ↗machine: span 465124–465131
23Section 10a, Natural Gas Services reciprocityDEF 14A—0001084991-26-000032Natural Gas Services's most recent proxy was read; its disclosed peer group does not include Broadwind. Filing ↗
24Section 10a, Perma-Pipe International Holdings, Inc. reciprocityDEF 14A—0001437749-26-016549Perma-Pipe International Holdings, Inc. names Broadwind in its own disclosed peer group (read from its most recent proxy). Filing ↗
25Section 10a, Twin Disc, Incorporated reciprocityDEF 14A—0001437749-25-029012Twin Disc, Incorporated's most recent proxy was read; its disclosed peer group does not include Broadwind. Filing ↗
26Section 10a, Graham Corporation reciprocityDEF 14A—0001193125-26-302521Graham Corporation's most recent proxy was read; its disclosed peer group does not include Broadwind. Filing ↗
27Section 10a, Eastern Company reciprocityDEF 14A—0001193125-26-126283Eastern Company's most recent proxy was read; its disclosed peer group does not include Broadwind. Filing ↗

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