Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-10-02

FutureFuel (FF)

Fiscal year 2024 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.

$5,104,000
Roeland Polet total, FY2024
CEO pay percentile vs peers
77:1
CEO-to-median pay ratio
99.09%
Say-on-pay support, latest vote
Companies that benchmark against FF
1 company names FF as a compensation peer

Each company listed discloses FF 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 FF 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Roeland Polet$143,000$41,000$4,911,000$0$0$0$9,000$5,104,000
Chief Executive Officer
Rose Sparks317,00052,000000061,000430,000
Chief Financial Officer, principal financial officer, and treasurer
Tom McKinlay317,00052,000000060,000429,000
Chief Executive Officer and former Chief Operating Officer FutureFuel Chemical Company
Charles Lyon283,00052,000000051,000386,000
Chief Commercial Officer FutureFuel Corp.
Kyle Gaither258,00052,000000029,000339,000
Chief Operations 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Roeland Polet$5,104,000
Rose Sparks430,000560380,000+429,440
Tom McKinlay429,000699486,000+428,301
Charles Lyon386,000465380,000+385,535
Kyle Gaither339,000417+338,583

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.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Roeland PoletRSU2024-09-03750,000$4,911,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Roeland Polet$4,911,000$0$00.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

05

Incentive-plan design — the Compensation Discussion & Analysis

The objectives of our compensation program are to provide a competitive compensation package that rewards sustained financial and operating performance that creates long-term value for our shareholders. Our compensation programs are intended to meet the goals of attracting and retaining qualified personnel motivating these individuals to achieve short-term and long-term corporate goals without undue risk-taking and to promote equity among executive officer positions, while considering external competitiveness and differences in job responsibilities.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-09-1936,844,694338,37258,64699.09%Passed
20202020-09-0338,300,664133,9159,50199.65%Passed
20172017-09-0732,222,8223,409,4421,223,57390.43%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
20232023-09-1999.09%a
20202020-09-0399.65%b
20172017-09-0790.43%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)77 : 1
CEO total compensation$5,533,000
Median employee compensation$72,092
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Paul M. ManheimIndependent · Audit (Chair) · Nominating/Corporate Governance$127,500$25,800$0$0$0$153,300
Dale E. ColeIndependent · Audit · Compensation · Nominating/Corporate Governance120,00025,800000145,800
Donald C. BedellIndependent · Board Chair · Compensation (Chair) · Nominating/Corporate Governance (Chair)112,00025,800000137,800
Terrance C.Z. EggerIndependent · Audit · Compensation · Nominating/Corporate Governance · Not standing for re-election · Departed during FY110,00025,800000135,800
G. Bruce GreerIndependent · Audit · Nominating/Corporate Governance · Newly elected65,10025,80021,80000112,700
Ronald J. KruszewskiIndependent70,00025,80000095,800
Richard P. RoweIndependent · Audit · Newly elected29,00025,80016,2000071,000
Paul A. Novelly, IINot independent59,000000059,000
Pamela R. ButcherIndependent · Compensation · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$47,500
Annual equity retainer
Per board meeting fee$5,000
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$692,600
Equity awards (grant-date value)$180,600
All other compensation$0
Total cost of the board$873,200

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

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
1FutureFuel2024Roeland Polet$143,000$4,911,000$0$0$5,104,000

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.

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, Roeland PoletDEF 14A2025-10-020001437749-25-030236Section “Executive Compensation”. As printed: 5,104,000. Filing ↗
2Section 01, Rose SparksDEF 14A2025-10-020001437749-25-030236Section “Executive Compensation”. As printed: 430,000. Filing ↗
3Section 01, Tom McKinlayDEF 14A2025-10-020001437749-25-030236Section “Executive Compensation”. As printed: 429,000. Filing ↗
4Section 01, Charles LyonDEF 14A2025-10-020001437749-25-030236Section “Executive Compensation”. As printed: 386,000. Filing ↗
5Section 01, Kyle GaitherDEF 14A2025-10-020001437749-25-030236Section “Executive Compensation”. As printed: 339,000. Filing ↗
6Section 03, Roeland Polet RSUDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
7Section 07, pay ratioDEF 14A2025-10-020001437749-25-030236Section “CEO Pay Ratio”. As printed: 77 : 1. Filing ↗machine: span 511818–511820
8Section 08, Paul M. ManheimDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 153,300. Filing ↗
9Section 08, Dale E. ColeDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 145,800. Filing ↗
10Section 08, Donald C. BedellDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 137,800. Filing ↗
11Section 08, Terrance C.Z. EggerDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 135,800. Filing ↗
12Section 08, G. Bruce GreerDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 112,700. Filing ↗
13Section 08, Ronald J. KruszewskiDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 95,800. Filing ↗
14Section 08, Richard P. RoweDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 71,000. Filing ↗
15Section 08, Paul A. Novelly, IIDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 59,000. Filing ↗
16Section 08, Pamela R. ButcherDEF 14A2025-10-020001437749-25-030236Section “Director Compensation”. As printed: 0. Filing ↗
17Section 06, 2023 voteForm 8-K2023-09-190001437749-23-026304Item 5.07 · say-on-pay result. As reported: 99.09%. Filing ↗
18Section 06, 2020 voteForm 8-K2020-09-030001437749-20-019302Item 5.07 · say-on-pay result. As reported: 99.65%. Filing ↗
19Section 06, 2017 voteForm 8-K2017-09-080001437749-17-015801Item 5.07 · say-on-pay result. As reported: 90.43%. Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 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
22Section 09b board cost (computed)ComputedcomputedCash 692,600 + equity 180,600 + all other 0 = 873,200, summed across the director compensation table rows.machine: formula: Σ = 873,200
23FutureFuel (subject), Section 10b CEO totalDEF 14A2025-10-020001437749-25-030236CEO total compensation as printed in FutureFuel's own proxy. As printed: 5,104,000. Filing ↗