Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-06

Clearfield (CLFD)

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.

$1,613,404
Cheryl Beranek total, FY2025
20th
CEO pay percentile vs peers
24:1
CEO-to-median pay ratio
98.12%
Say-on-pay support, latest vote
Companies that benchmark against CLFD
4 companies name CLFD as a compensation peer

Each company listed discloses CLFD 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 CLFD 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
Cheryl Beranek$460,000$0$999,986$0$131,511$0$21,908$1,613,404
President and Chief Executive Officer
John Hill437,7620999,9860125,153021,8281,584,728
Chief Operating Officer
Daniel Herzog360,4000499,9620103,036017,182980,580
Chief Financial Officer

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 FY20242025
Cheryl Beranek$1,613,404$1,061,862
John Hill1,584,7281,061,764
Daniel Herzog980,580666,392

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

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
Donald R. HaywardDirector2026-02-19D3,595$32$115,040CommonForm 4 ↗
Rebecca B. SeidelDirector2026-02-27A2,54400CommonForm 4 ↗
Ronald G. RothDirector2026-02-27A2,54400CommonForm 4 ↗
Kathleen S. SkarvanDirector2026-02-27A2,54400CommonForm 4 ↗
Catherine T. KellyDirector2026-02-27A2,54400CommonForm 4 ↗
Carol A. WirsbinskiDirector2026-02-27A2,54400CommonForm 4 ↗
Walter L. Jones, JrDirector2026-02-27A2,54400CommonForm 4 ↗
Ademir SarcevicDirector2026-02-27A2,54400CommonForm 4 ↗
Anis KhemakhemChief Commercial Officer2026-05-06D6353019,228CommonForm 4 ↗
Cheryl BeranekDirector2026-05-08D5,00040201,350CommonForm 4 ↗
Cheryl BeranekDirector2026-05-08D2,50045112,550CommonForm 4 ↗
Walter L. Jones, JrDirector2026-05-11D2,39146110,106CommonForm 4 ↗
Cheryl BeranekDirector2026-05-27D2,50050125,000CommonForm 4 ↗
Cheryl BeranekDirector2026-06-01D7,50047351,900CommonForm 4 ↗
Anis KhemakhemChief Commercial Officer2026-06-09D1,6844067,192CommonForm 4 ↗
Anis KhemakhemChief Commercial Officer2026-06-30A158253,915CommonForm 4 ↗
Cheryl BeranekDirector2026-06-30A210255,204CommonForm 4 ↗
John HillChief Operating Officer2026-06-30A4592511,374CommonForm 4 ↗
Daniel HerzogChief Financial Officer2026-06-30A7522518,635CommonForm 4 ↗
Cheryl BeranekDirector2026-07-01D1,7784071,227CommonForm 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
John HillRSU2024-11-1616,181
John HillPSU2024-11-168,09116,18124,272499,993
Cheryl BeranekRSU2024-11-1616,181
Daniel HerzogPSU2024-11-164,0458,09012,135249,981
Cheryl BeranekRSU2024-11-1616,181499,993
Daniel HerzogRSU2024-11-168,090
Daniel HerzogRSU2024-11-168,090249,981
John HillRSU2024-11-1616,181499,993
Cheryl BeranekPSU2024-11-168,09116,18124,272499,993
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
John Hill$499,993$499,993$050.0%
Cheryl Beranek499,993499,993050.0%
Daniel Herzog249,981249,981050.0%

% 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
Cheryl BeranekPSU16,181$556,303
Cheryl BeranekPSU12,732437,726
John HillPSU3,333114,600
John HillPSU16,181556,303
Daniel HerzogPSU6,366218,863
Daniel HerzogPSU8,090278,134
Cheryl BeranekPSU3,333114,600
John HillPSU12,732437,726
Daniel HerzogPSU1,66757,300
05

Incentive-plan design — the Compensation Discussion & Analysis

Performance-based compensation should constitute a significant portion of the executive s overall compensation and be available to the executive when they individually deliver, and we as a company deliver, high performance.

CEO STI target (% of salary)30%
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-02-268,282,235158,59421,23198.12%Passed
20252025-02-278,763,947238,26850,85697.35%Passed
20242024-02-228,941,891467,43771,49295.03%Passed
20232023-02-238,612,7451,502,516108,46385.15%Passed
20222022-02-247,843,860750,245130,82491.27%Passed
20212021-02-255,437,2823,133,903171,46263.44%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
20262026-02-2698.12%a
20252025-02-2797.35%b
20242024-02-2295.03%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.

07

CEO pay ratio

Ratio (CEO : median employee)24 : 1
CEO total compensation$1,613,404
Median employee compensation$66,648
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Donald R. HaywardIndependent · Audit · Nominating and Corporate Governance · Not standing for re-election$50,000$79,988$0$0$0$129,988
Charles N. HayssenIndependent · Board Chair · Audit (Chair) · Nominating and Corporate Governance · Not standing for re-election50,00079,988000129,988
Ronald G. RothIndependent · Board Chair · Compensation50,00079,988000129,988
Carol A. WirsbinskiIndependent · Compensation (Chair) · Nominating and Corporate Governance50,00079,988000129,988
Walter L. Jones, JrIndependent · Compensation · Nominating and Corporate Governance (Chair)40,00079,988000119,988
Catherine T. KellyIndependent · Audit · Nominating and Corporate Governance · Newly elected8,54889,97400098,522
Ademir SarcevicIndependent · Audit · Compensation · Newly elected8,54889,97400098,522
Rebecca B. SeidelIndependent · Audit · Compensation000000
Cheryl BeranekEmployee director00000
Kathleen S. SkarvanIndependent · Audit · Nominating and Corporate Governance000000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$80,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 10,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$257,096
Equity awards (grant-date value)$579,888
All other compensation$0
Total cost of the board$836,984

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 Clearfield 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 Clearfield.

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
1nLIGHT, Inc.2025Scott Keeney$476,808$36,086,000$0$756,217$37,333,189
2Gogo Inc.2025Christopher Moore850,0004,999,99701,033,8559,043,298
3ADTRAN Holdings, Inc.2025Thomas Stanton1,022,6853,763,04102,884,0007,683,726
4American Superconductor Corporation2025Daniel McGahn715,7695,644,80001,149,1257,529,025
5A10 Networks, Inc.2025Dhrupad Trivedi697,9175,211,97301,056,8006,974,141
6Harmonic Inc.2025Nimrod Ben-Natan609,0004,927,5620570,0006,163,092
7Digi International Inc.2025Ronald Konezny583,8463,454,3240949,1795,002,124
8Bel Fuse Inc.2025Farouq Tuweiq509,7113,299,75101,000,0004,909,182
9Applied Optoelectronics, Inc.2025Chih-Hsiang (Thompson) Lin828,6572,837,66701,009,0874,769,014
10CTS Corporation2025Kieran O'Sullivan856,3202,900,0490975,7804,758,899
11Aviat Networks, Inc.2025Peter A. Smith650,0003,111,023003,772,051
12Preformed Line Products Company2025Dennis McKenna725,0041,564,8430725,0043,287,390
13Vishay Precision Group, Inc.2025Ziv Shoshani743,2351,300,661002,279,041
14Clearfield2025Cheryl Beranek460,000999,9860131,5111,613,404
15Netlist, Inc.2024Chun K. Hong450,000997,500001,557,414
16KVH Industries, Inc.2025Brent Bruun538,8100425,840485,1851,461,335
17Vicor Corporation2025Patrizio Vinciarelli479,2570160,2420702,202
Lantronix, Inc.not in coverage universe
Shenandoah Telecommunications Companynot in coverage universe
RF Industries Ltd.not in coverage universe
Frequency Electronics, Inc.not in coverage universe
BK Technologies Corporationnot 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
Clearfield29%RSU 50 · PSU 50NoCompensia
A10 Networks, Inc.not disclosedPSU 50 · RSU 50NoRadford-AON
ADTRAN Holdings, Inc.200%RSU 57 · PSU 43NoPay Governance LLC
American Superconductor Corporation159%RSU 50 · PSU 50NoCompensia, Inc.
Applied Optoelectronics, Inc.104.8%PSU 50 · RSU 50Yes — Relative TSR vs. 2025 Peer GroupAon
Aviat Networks, Inc.not disclosedPSU 50 · RSU 50Yes — TSRCompensia
Bel Fuse Inc.not disclosednot disclosednot disclosedMeridian
BK Technologies Corporationnot disclosednot disclosednot disclosednot disclosed
CTS Corporation112.8%not disclosedYes — Relative Total Shareholder Return (RTSR) ModifierExequity, LLP
Digi International Inc.147%RSU 50 · PSU 50Yes — TSR vs Russell 2000 IndexRadford Consulting (AON)
Frequency Electronics, Inc.not disclosednot disclosednot disclosednot disclosed
Gogo Inc.122%RSU 100not disclosedCompensation Strategies, Inc.
Harmonic Inc.95%RSU 50 · PSU 50Yes — Total Stockholder Return (TSR)Exequity
KVH Industries, Inc.not disclosedOptions 100not disclosedCompensia
Lantronix, Inc.not disclosednot disclosednot disclosednot disclosed
Netlist, Inc.not disclosednot disclosednot disclosedNone - In Fiscal 2024, our Board did not engage the services of any compensation consultants.
nLIGHT, Inc.159%RSU 50 · PSU 50NoCompensia
Preformed Line Products Company100%RSU 100Nonot disclosed
RF Industries Ltd.not disclosednot disclosednot disclosednot disclosed
Shenandoah Telecommunications Companynot disclosednot disclosednot disclosednot disclosed
Vicor Corporationnot disclosedOptions 100not disclosednot disclosed
Vishay Precision Group, Inc.not disclosedPSU 50 · RSU 50NoEY 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.

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, Cheryl BeranekDEF 14A2026-01-150001171843-26-000288Section “Summary Compensation Table” · page 34. As printed: 1,613,404. Filing ↗machine: t49 · r1 · c8 · span 425387–425396
2Section 01, John HillDEF 14A2026-01-150001171843-26-000288Section “Summary Compensation Table” · page 34. As printed: 1,584,728. Filing ↗machine: r7 · c8 · span 435479–435488
3Section 01, Daniel HerzogDEF 14A2026-01-150001171843-26-000288Section “Summary Compensation Table” · page 34. As printed: 980,580. Filing ↗machine: r4 · c8 · span 430475–430482
4Section 03, John Hill RSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r3 · c1 · span 385783–385789
5Section 03, John Hill PSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r3 · c1 · span 385783–385789
6Section 03, Cheryl Beranek RSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r1 · c1 · span 383677–383683
7Section 03, Daniel Herzog PSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r2 · c1 · span 384682–384687
8Section 03, Cheryl Beranek RSUDEF 14A2025-01-160001171843-25-000278Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t60 · r1 · c3 · span 446328–446330
9Section 03, Daniel Herzog RSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r2 · c1 · span 384682–384687
10Section 03, Daniel Herzog RSUDEF 14A2025-01-160001171843-25-000278Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t55 · r4 · c0 · span 423051–423052
11Section 03, John Hill RSUDEF 14A2025-01-160001171843-25-000278Section “Grants of Plan-Based Awards in Fiscal Year 2024” · grants of plan-based awards table. Filing ↗machine: t60 · r7 · c3 · span 454999–455001
12Section 03, Cheryl Beranek PSUDEF 14A2026-01-150001171843-26-000288Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t47 · r1 · c1 · span 383677–383683
13Section 07, pay ratioDEF 14A2026-01-150001171843-26-000288Section “CEO Pay Ratio”. As printed: 24 : 1. Filing ↗machine: span 618949–618956
14Section 08, Donald R. HaywardDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 129,988. Filing ↗machine: t93 · r4 · c3 · span 681031–681038
15Section 08, Charles N. HayssenDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 129,988. Filing ↗machine: t93 · r3 · c3 · span 680260–680267
16Section 08, Ronald G. RothDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 129,988. Filing ↗machine: t93 · r7 · c3 · span 683435–683442
17Section 08, Carol A. WirsbinskiDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 129,988. Filing ↗machine: t93 · r9 · c3 · span 685149–685156
18Section 08, Walter L. Jones, JrDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 119,988. Filing ↗machine: t93 · r5 · c3 · span 681851–681858
19Section 08, Catherine T. KellyDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 98,522. Filing ↗machine: t93 · r6 · c3 · span 682622–682628
20Section 08, Ademir SarcevicDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 98,522. Filing ↗machine: t93 · r8 · c3 · span 684203–684209
21Section 08, Rebecca B. SeidelDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, Cheryl BeranekDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Kathleen S. SkarvanDEF 14A2026-01-150001171843-26-000288Section “Director Compensation”. As printed: 0. Filing ↗
24Section 02, Donald R. Hayward 2026-02-19Form 42026-02-200000796505-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Rebecca B. Seidel 2026-02-27Form 42026-03-020000796505-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Ronald G. Roth 2026-02-27Form 42026-03-020000796505-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Kathleen S. Skarvan 2026-02-27Form 42026-03-020000796505-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Catherine T. Kelly 2026-02-27Form 42026-03-020000796505-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Carol A. Wirsbinski 2026-02-27Form 42026-03-020000796505-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Walter L. Jones, Jr 2026-02-27Form 42026-03-020000796505-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Ademir Sarcevic 2026-02-27Form 42026-03-020000796505-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Anis Khemakhem 2026-05-06Form 42026-05-080000796505-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Cheryl Beranek 2026-05-08Form 42026-05-120000796505-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Cheryl Beranek 2026-05-08Form 42026-05-120000796505-26-000015Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Walter L. Jones, Jr 2026-05-11Form 42026-05-120000796505-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Cheryl Beranek 2026-05-27Form 42026-05-280000796505-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Cheryl Beranek 2026-06-01Form 42026-06-030000796505-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Anis Khemakhem 2026-06-09Form 42026-06-110000796505-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Anis Khemakhem 2026-06-30Form 42026-07-020000796505-26-000021Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Cheryl Beranek 2026-06-30Form 42026-07-020000796505-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, John Hill 2026-06-30Form 42026-07-020000796505-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Daniel Herzog 2026-06-30Form 42026-07-020000796505-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Cheryl Beranek 2026-07-01Form 42026-07-060000796505-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
44Section 06, 2026 voteForm 8-K2026-02-270001171843-26-001184Item 5.07 · say-on-pay result. As reported: 98.12% (votes for as printed: 8,282,235). Filing ↗
45Section 06, 2025 voteForm 8-K2025-03-030001171843-25-001194Item 5.07 · say-on-pay result. As reported: 97.35% (votes for as printed: 8,763,947). Filing ↗
46Section 06, 2024 voteForm 8-K2024-02-260001171843-24-000982Item 5.07 · say-on-pay result. As reported: 95.03% (votes for as printed: 8,941,891). Filing ↗
47Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
48Section 09b board cost (computed)ComputedcomputedCash 257,096 + equity 579,888 + all other 0 = 836,984, summed across the director compensation table rows.machine: formula: Σ = 836,984
49nLIGHT, Inc., Section 10b CEO totalDEF 14A2026-04-240001124796-26-000018CEO total compensation as printed in nLIGHT, Inc.'s own proxy. As printed: 37,333,189. Filing ↗machine: span 525389–525399
50Gogo Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-158978CEO total compensation as printed in Gogo Inc.'s own proxy. As printed: 9,043,298. Filing ↗machine: t73 · r4 · c22 · span 1593836–1593845
51ADTRAN Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127315CEO total compensation as printed in ADTRAN Holdings, Inc.'s own proxy. As printed: 7,683,726. Filing ↗machine: t94 · r5 · c30 · span 1321525–1321534
52American Superconductor Corporation, Section 10b CEO totalDEF 14A2026-06-180001193125-26-275809CEO total compensation as printed in American Superconductor Corporation's own proxy. As printed: 7,529,025. Filing ↗machine: span 394587–394596
53A10 Networks, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008793CEO total compensation as printed in A10 Networks, Inc.'s own proxy. As printed: 6,974,141. Filing ↗machine: r2 · c21 · span 490057–490066
54Harmonic Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016701CEO total compensation as printed in Harmonic Inc.'s own proxy. As printed: 6,163,092. Filing ↗machine: t189 · r3 · c19 · span 1385331–1385341
55Digi International Inc., Section 10b CEO totalDEF 14A2025-12-170001104659-25-122033CEO total compensation as printed in Digi International Inc.'s own proxy. As printed: 5,002,124. Filing ↗machine: r1 · c6 · span 312252–312261
56Bel Fuse Inc., Section 10b CEO totalDEF 14A2026-04-100001437749-26-011998CEO total compensation as printed in Bel Fuse Inc.'s own proxy. As printed: 4,909,182. Filing ↗
57Applied Optoelectronics, Inc., Section 10b CEO totalDEF 14A2026-04-240001104659-26-048559CEO total compensation as printed in Applied Optoelectronics, Inc.'s own proxy. As printed: 4,769,014. Filing ↗machine: r1 · c19 · span 965927–965936
58CTS Corporation, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140010CEO total compensation as printed in CTS Corporation's own proxy. As printed: 4,758,899. Filing ↗
59Aviat Networks, Inc., Section 10b CEO totalDEF 14A2025-09-230001140361-25-035861CEO total compensation as printed in Aviat Networks, Inc.'s own proxy. As printed: 3,772,051. Filing ↗machine: t102 · r2 · c21 · span 465516–465525
60Preformed 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
61Vishay Precision Group, Inc., Section 10b CEO totalDEF 14A2026-04-090001437749-26-011815CEO total compensation as printed in Vishay Precision Group, Inc.'s own proxy. As printed: 2,279,041. Filing ↗machine: span 674953–674962
62Clearfield (subject), Section 10b CEO totalDEF 14A2026-01-150001171843-26-000288CEO total compensation as printed in Clearfield's own proxy. As printed: 1,613,404. Filing ↗machine: t49 · r1 · c8 · span 425387–425396
63Netlist, Inc., Section 10b CEO totalDEF 14A2025-07-240001558370-25-009552CEO total compensation as printed in Netlist, Inc.'s own proxy. As printed: 1,557,414. Filing ↗machine: t67 · r3 · c12 · span 235591–235600
64KVH Industries, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050409CEO total compensation as printed in KVH Industries, Inc.'s own proxy. As printed: 1,461,335. Filing ↗machine: r1 · c25 · span 311345–311354
65Vicor Corporation, Section 10b CEO totalDEF 14A2026-04-300001193125-26-194790CEO total compensation as printed in Vicor Corporation's own proxy. As printed: 702,202. Filing ↗machine: span 552868–552875
66Section 10a, A10 Networks, Inc. reciprocityDEF 14A0001140361-26-008793A10 Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
67Section 10a, Applied Optoelectronics, Inc. reciprocityDEF 14A0001104659-26-048559Applied Optoelectronics, Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
68Section 10a, CTS Corporation reciprocityDEF 14A0001193125-26-140010CTS Corporation's most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
69Section 10a, ADTRAN Holdings, Inc. reciprocityDEF 14A0001193125-26-127315ADTRAN Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
70Section 10a, Vishay Precision Group, Inc. reciprocityDEF 14A0001437749-26-011815Vishay Precision Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
71Section 10a, Aviat Networks, Inc. reciprocityDEF 14A0001140361-25-035861Aviat Networks, Inc. names Clearfield in its own disclosed peer group (read from its most recent proxy). Filing ↗
72Section 10a, Harmonic Inc. reciprocityDEF 14A0001140361-26-016701Harmonic Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
73Section 10a, Bel Fuse Inc. reciprocityDEF 14A0001437749-26-011998Bel Fuse Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
74Section 10a, nLIGHT, Inc. reciprocityDEF 14A0001124796-26-000018nLIGHT, Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
75Section 10a, American Superconductor Corporation reciprocityDEF 14A0001193125-26-275809American Superconductor Corporation's most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗
76Section 10a, Digi International Inc. reciprocityDEF 14A0001104659-25-122033Digi International Inc. names Clearfield in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Gogo Inc. reciprocityDEF 14A0001193125-26-158978Gogo Inc.'s most recent proxy was read; its disclosed peer group does not include Clearfield. Filing ↗