CEO Vincent Arnone was paid $788,338 in fiscal year 2025, ↑ up 75.4% from fiscal year 2024, the 50th percentile of its disclosed peer group (SEC filing 0001437749-26-012157 ↗): 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.
$788,338 ↑ Vincent Arnone total, FY2025 | 50th CEO pay percentile vs peers | — CEO-to-median pay ratio | 94.94% Say-on-pay support, latest vote |
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FTEK's next annual pay disclosure, estimated April 5, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Vincent Arnone | $425,000 | $0 | $338,604 | $0 | $0 | $0 | $24,734 | $788,338 |
| President and Chief Executive Officer | ||||||||
| Ellen Albrecht | 294,000 | 0 | 135,604 | 0 | 30,664 | 0 | 24,260 | 484,864 |
| Vice President, Chief Financial Officer and Principal Financial Officer | ||||||||
| William Cummings | 240,000 | 0 | 101,500 | 0 | 66,905 | 0 | 39,089 | 447,494 |
| Senior Vice President, Sales | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Vincent Arnone | $788,338 | $449,483 | $913,486 | ↑ +338,855 |
| Ellen Albrecht | 484,864 | 345,720 | 493,060 | ↑ +139,144 |
| William Cummings | 447,494 | 339,710 | 524,002 | ↑ +107,784 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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This is the complete answer, not a partial one — the list is never padded.
One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.
| Executive | Role | FY2025 total |
|---|---|---|
| Vincent Arnone | CEO | $788,338 |
| William Cummings | SVP | $447,494 |
| Ellen Albrecht | CFO | $484,864 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Dennis L. Zeitler | Independent Director | $84,751 |
| Douglas G. Bailey | Independent Director | $79,751 |
| Sharon L. Jones | Independent Director | $82,251 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Vincent Arnone | OPTION | 2025-03-27 | — | — | 166,800 | — | $333,600 |
| Ellen Albrecht | OPTION | 2025-03-27 | — | — | 66,800 | — | 133,600 |
| William Cummings | RSU | — | — | — | 6,250 | — | — |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Vincent Arnone | $0 | $0 | $333,600 | 0.0% |
| Ellen Albrecht | 0 | 0 | 133,600 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Vincent Arnone | RSU | 20,734 | — | $32,345 |
| Vincent Arnone | PSU | 333,600 | — | 520,416 |
| Ellen Albrecht | PSU | 133,600 | — | 208,416 |
| William Cummings | PSU | 100,000 | — | 156,000 |
| Ellen Albrecht | RSU | 8,334 | — | 13,001 |
| William Cummings | RSU | 6,267 | — | 9,777 |
We use a combination of cash and stock-based incentive compensation to attract and retain qualified candidates to serve on our Board. In setting director compensation, we consider the role of the directors, the amount of time that directors expend in fulfilling their duties as well as the expertise required of Board members, the financial performance of Fuel Tech and the availability of shares under the Fuel Tech, Inc. 2024 Long-Term Incentive Plan.
| CEO STI target (% of salary) | 50% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | CODA Advisors, LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-04 | 11,949,173 | 637,014 | 187,055 | 94.94% | Passed |
| 2025 | 2025-06-05 | 13,458,829 | 746,185 | 214,310 | 94.75% | Passed |
| 2024 | 2024-06-06 | 12,714,159 | 506,653 | 141,720 | 96.17% | Passed |
| 2023 | 2023-06-08 | 12,725,010 | 736,222 | 59,065 | 94.53% | Passed |
| 2022 | 2022-06-02 | 10,272,981 | 913,011 | 99,460 | 91.84% | Passed |
| 2021 | 2021-05-20 | 10,944,586 | 333,955 | 139,746 | 97.04% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-04 | 94.94%a |
| 2025 | 2025-06-05 | 94.75%b |
| 2024 | 2024-06-06 | 96.17%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Approved under the standard stated in the filing — “Accordingly, if you "Abstain" from voting, it will have the same effect as an "Against" vote. Broker non-votes will have no effect on the proposal.”.
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.
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dennis L. ZeitlerIndependent · Audit Committee (Chair) · Compensation Committee · Nominating and Corporate Governance Committee | $60,000 | $24,751 | $0 | $0 | $0 | $84,751 |
| Sharon L. JonesIndependent · Audit Committee · Compensation Committee (Chair) · Nominating and Corporate Governance Committee | 57,500 | 24,751 | 0 | 0 | 0 | 82,251 |
| Douglas G. BaileyIndependent · Audit Committee · Compensation Committee · Nominating and Corporate Governance Committee (Chair) | 55,000 | 24,751 | 0 | 0 | 0 | 79,751 |
| Vincent J. ArnoneEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $24,751 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 7,500 / 5,000 |
| Stock ownership guideline | $1 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $172,500 |
| Equity awards (grant-date value) | $74,253 |
| All other compensation | $0 |
| Total cost of the board | $246,753 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Fuel Tech 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 Fuel Tech.
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 | FuelCell Energy | 2025 | Jason Few | $582,036 | $1,420,380 | $0 | $686,376 | $2,752,725 |
| 2 | Flotek Industries | 2025 | Ryan Ezell | 561,994 | 1,356,750 | 0 | 662,805 | 2,604,376 |
| 3 | Graham Corporation | 2026 | Matthew Malone | 462,769 | 600,004 | 0 | 636,308 | 1,809,120 |
| 4 | Consolidated Water Company | 2025 | Frederick McTaggart | 562,275 | 281,138 | 0 | 359,153 | 1,222,966 |
| 5 | Cadiz | 2025 | Susan Kennedy | 400,000 | 645,625 | 0 | 0 | 1,057,625 |
| 6 | Pure Cycle Corporation | 2025 | Mark Harding | 525,000 | 114,300 | 0 | 0 | 965,016 |
| 7 | Fuel Tech | 2025 | Vincent Arnone | 425,000 | 338,604 | 0 | 0 | 788,338 |
| 8 | Broadwind | 2025 | Eric Blashford | 447,501 | 259,877 | 0 | 0 | 757,549 |
| 9 | Amtech Systems | 2025 | Robert C. Daigle | 450,000 | 0 | 259,410 | 0 | 723,580 |
| 10 | Pioneer Power Solutions | 2025 | Nathan Mazurek | 675,500 | 0 | 0 | 0 | 687,500 |
| 11 | LanzaTech Global | 2025 | Jennifer Holmgren | 630,000 | 0 | 0 | 0 | 642,559 |
| 12 | CPS Technologies | 2025 | Brian Mackey | 319,125 | 0 | 21,278 | 0 | 505,162 |
| 13 | Perma-Fix Environmental | 2025 | Mark Duff | 417,155 | 0 | 0 | 0 | 453,081 |
| — | ClearSign Technologies | — | — | — | — | — | — | not in coverage universe |
| — | Gencor Industries | — | — | — | — | — | — | not in coverage universe |
| — | Orion Energy Systems | — | — | — | — | — | — | 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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Fuel Tech | not disclosed | RSU 100 | not disclosed | CODA Advisors, LLC |
| Amtech Systems | not disclosed | not disclosed | not disclosed | not disclosed |
| Broadwind | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| Cadiz | not disclosed | RSU 100 | not disclosed | Coda Advisors |
| ClearSign Technologies | not disclosed | not disclosed | not disclosed | not disclosed |
| Consolidated Water Company | not disclosed | not disclosed | not disclosed | Frederic W. Cook & Co., Inc. |
| CPS Technologies | not disclosed | Option 100 | not disclosed | not disclosed |
| Flotek Industries | not disclosed | not disclosed | not disclosed | Meridian, Pay Governance |
| FuelCell Energy | 100% | PSU 50 · RSU 50 | Yes — Relative TSR (Russell 2000 Index) | Meridian Compensation Partners, LLC |
| Gencor Industries | not disclosed | not disclosed | not disclosed | not disclosed |
| Graham Corporation | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| LanzaTech Global | not disclosed | not disclosed | not disclosed | Willis Towers Watson |
| Orion Energy Systems | not disclosed | not disclosed | not disclosed | not disclosed |
| Perma-Fix Environmental | not disclosed | not disclosed | not disclosed | not disclosed |
| Pioneer Power Solutions | not disclosed | not disclosed | not disclosed | not disclosed |
| Pure Cycle Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Vincent Arnone | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “SUMMARY COMPENSATION TABLE” · page 23. As printed: 788,338. Filing ↗machine: r5 · c24 · span 498353–498360 |
| 2 | Section 01, Ellen Albrecht | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Summary Compensation Table” · page 23. As printed: 484,864. Filing ↗machine: t134 · r2 · c24 · span 484076–484083 |
| 3 | Section 01, William Cummings | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “SUMMARY COMPENSATION TABLE” · page 23. As printed: 447,494. Filing ↗machine: r8 · c24 · span 511493–511500 |
| 4 | Section 03, Vincent Arnone OPTION | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Grants Of Plan-Based Awards In Fiscal Year 2025 To Named Executive Officers” · grants of plan-based awards table. Filing ↗machine: t102 · r1 · c6 · span 321905–321912 |
| 5 | Section 03, Ellen Albrecht OPTION | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Grants Of Plan-Based Awards In Fiscal Year 2025 To Named Executive Officers” · grants of plan-based awards table. Filing ↗machine: t102 · r3 · c6 · span 326979–326985 |
| 6 | Section 03, William Cummings RSU | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Grants Of Plan-Based Awards In Fiscal Year 2025 To Named Executive Officers” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 07, pay ratio | 10-K | 2026-03-03 | 0001437749-26-006623 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Dennis L. Zeitler | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Director Compensation”. As printed: 84,751. Filing ↗machine: span 187026–187183 |
| 9 | Section 08, Sharon L. Jones | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Director Compensation”. As printed: 82,251. Filing ↗machine: span 185128–185285 |
| 10 | Section 08, Douglas G. Bailey | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Director Compensation”. As printed: 79,751. Filing ↗machine: span 183232–183389 |
| 11 | Section 08, Vincent J. Arnone | DEF 14A | 2026-04-13 | 0001437749-26-012157 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 12 | Section 06, 2026 vote | Form 8-K | 2026-06-08 | 0001437749-26-019829 | Item 5.07 · say-on-pay result. As reported: 94.94% (votes for as printed: 11,949,173). Filing ↗ |
| 13 | Section 06, 2025 vote | Form 8-K | 2025-06-10 | 0001437749-25-019974 | Item 5.07 · say-on-pay result. As reported: 94.75% (votes for as printed: 13,458,829). Filing ↗ |
| 14 | Section 06, 2024 vote | Form 8-K | 2024-06-10 | 0001437749-24-019814 | Item 5.07 · say-on-pay result. As reported: 96.17% (votes for as printed: 12,714,159). Filing ↗ |
| 15 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 16 | 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).machine: formula: sums + PSU ratio |
| 17 | Section 09b board cost (computed) | Computed | — | — | Cash 172,500 + equity 74,253 + all other 0 = 246,753, summed across the director compensation table rows.machine: formula: Σ = 246,753 |
| 18 | FuelCell Energy, Section 10b CEO total | DEF 14A | 2026-02-18 | 0001104659-26-017145 | CEO total compensation as printed in FuelCell Energy's own proxy. As printed: 2,752,725. Filing ↗machine: t157 · r5 · c12 · span 1135829–1135838 |
| 19 | Flotek Industries, Section 10b CEO total | DEF 14A | 2026-04-02 | 0000928054-26-000033 | CEO total compensation as printed in Flotek Industries's own proxy. As printed: 2,604,376. Filing ↗ |
| 20 | Graham Corporation, Section 10b CEO total | DEF 14A | 2026-07-14 | 0001193125-26-302521 | CEO total compensation as printed in Graham Corporation's own proxy. As printed: 1,809,120. Filing ↗machine: span 1148738–1148747 |
| 21 | Consolidated Water Company, Section 10b CEO total | DEF 14A | 2026-04-22 | 0001104659-26-046528 | CEO total compensation as printed in Consolidated Water Company's own proxy. As printed: 1,222,966. Filing ↗machine: r1 · c35 · span 724131–724140 |
| 22 | Cadiz, Section 10b CEO total | DEF 14A | 2026-04-30 | 0001437749-26-014053 | CEO total compensation as printed in Cadiz's own proxy. As printed: 1,057,625. Filing ↗ |
| 23 | Pure Cycle Corporation, Section 10b CEO total | DEF 14A | 2025-12-04 | 0001104659-25-118311 | CEO total compensation as printed in Pure Cycle Corporation's own proxy. As printed: 965,016. Filing ↗machine: span 328887–328894 |
| 24 | Fuel Tech (subject), Section 10b CEO total | DEF 14A | 2026-04-13 | 0001437749-26-012157 | CEO total compensation as printed in Fuel Tech's own proxy. As printed: 788,338. Filing ↗machine: r5 · c24 · span 498353–498360 |
| 25 | Broadwind, Section 10b CEO total | DEF 14A | 2026-04-14 | 0001437749-26-012220 | CEO total compensation as printed in Broadwind's own proxy. As printed: 757,549. Filing ↗machine: span 465124–465131 |
| 26 | Amtech Systems, Section 10b CEO total | DEF 14A | 2026-01-23 | 0001193125-26-020762 | CEO total compensation as printed in Amtech Systems's own proxy. As printed: 723,580. Filing ↗machine: t7 · r3 · c26 · span 258228–258235 |
| 27 | Pioneer Power Solutions, Section 10b CEO total | DEF 14A | 2026-09-22 | 0001493152-26-043622 | CEO total compensation as printed in Pioneer Power Solutions's own proxy. As printed: 687,500. Filing ↗ |
| 28 | LanzaTech Global, Section 10b CEO total | DEF 14A | 2026-04-29 | 0001539497-26-001238 | CEO total compensation as printed in LanzaTech Global's own proxy. As printed: 642,559. Filing ↗ |
| 29 | CPS Technologies, Section 10b CEO total | DEF 14A | 2026-03-20 | 0001437749-26-009121 | CEO total compensation as printed in CPS Technologies's own proxy. As printed: 505,162. Filing ↗machine: r2 · c21 · span 209420–209427 |
| 30 | Perma-Fix Environmental, Section 10b CEO total | DEF 14A | 2026-06-12 | 0001493152-26-028364 | CEO total compensation as printed in Perma-Fix Environmental's own proxy. As printed: 453,081. Filing ↗machine: r3 · c26 · span 400810–400817 |
| 31 | Section 10a, FuelCell Energy reciprocity | DEF 14A | — | 0001104659-26-017145 | FuelCell Energy's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
| 32 | Section 10a, Cadiz reciprocity | DEF 14A | — | 0001437749-26-014053 | Cadiz's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
| 33 | Section 10a, Consolidated Water Company reciprocity | DEF 14A | — | 0001104659-26-046528 | Consolidated Water Company's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
| 34 | Section 10a, Broadwind reciprocity | DEF 14A | — | 0001437749-26-012220 | Broadwind's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
| 35 | Section 10a, Graham Corporation reciprocity | DEF 14A | — | 0001193125-26-302521 | Graham Corporation's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
| 36 | Section 10a, LanzaTech Global reciprocity | DEF 14A | — | 0001398432-24-000009 | LanzaTech Global's most recent proxy was read; its disclosed peer group does not include Fuel Tech. Filing ↗ |
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