CEO Michael Pruitt was paid $873,817 in fiscal year 2025 (SEC filing 0001683168-26-000507 ↗): 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.
$873,817 Michael Pruitt total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | 99.83% Say-on-pay support, latest vote |
Track this company's pay every filing: join the Pro seat waitlist
Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Pruitt | $75,000 | $30,000 | $0 | $713,817 | $0 | $0 | $55,000 | $873,817 |
| Interim Chief Executive Officer | ||||||||
| Kathleen Weisberg | 258,333 | 100,000 | 0 | 356,909 | 0 | 0 | 10,750 | 725,992 |
| Chief Financial Officer | ||||||||
| Robert Wild | 290,000 | 0 | 0 | 0 | 0 | 0 | 19,247 | 309,247 |
| Executive Officer of IPS | ||||||||
| Terence Wise | 160,500 | 0 | 0 | 0 | 0 | 0 | 8,000 | 168,500 |
| Former Chief Executive 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael Pruitt | $873,817 | — | — | — |
| Kathleen Weisberg | 725,992 | 257,995 | 64,499 | ↑ +467,997 |
| Robert Wild | 309,247 | — | 351,411 | — |
| Terence Wise | 168,500 | 252,750 | 337,000 | ↓ −84,250 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
You have just read Forward Industries's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper FWDI reports.
We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.
How we handle your data → Privacy
This is the complete answer, not a partial one — the list is never padded.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Keith Johnson | Independent Director | $53,333 |
| Pyahm (Kyle) Samani | Chair of the Board | — |
| Sangita Shah | Independent Director | $1,438,001 |
| Saurabh Sharma | Independent Director | — |
| Sharon Hrynkow | Former director (through FY2025) | $480,243 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Michael Pruitt | Option | — | — | — | — | — | $713,817 |
| Kathleen Weisberg | Option | — | — | — | — | — | 356,909 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Michael Pruitt | $0 | $0 | $713,817 | 0.0% |
| Kathleen Weisberg | 0 | 0 | 356,909 | 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 |
|---|---|---|---|---|
| Sangita Shah | PSU | 60,000 | — | $1,298,000 |
| Sharon Hrynkow | PSU | 43,333 | — | 436,909 |
| Keith Johnson | PSU | 13,333 | — | 134,431 |
| Sangita Shah | PSU | 80,001 | — | 1,438,001 |
| Michael Pruitt | PSU | 15,000 | — | 151,239 |
The compensation structure encourages management to make decisions that favor the Company's future stability and profitability, rather than short term results.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-03-03 | 49,676,221 | 84,871 | 2,369,901 | 99.83% | Passed |
| 2023 | 2023-02-14 | 4,649,801 | 116,883 | 15,838 | 97.22% | Passed |
| 2020 | 2020-02-11 | 4,836,017 | 92,294 | 35,223 | 98.13% | Passed |
| 2017 | 2017-02-09 | 2,973,306 | 133,673 | 22,141 | 95.7% | 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 | 2026-03-03 | 99.83%a |
| 2023 | 2023-02-14 | 97.22%b |
| 2020 | 2020-02-11 | 98.13%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “How are abstentions treated? Abstentions have the same effect as a vote "Against" for Proposals 2 and 3.”.
c. Approved under the standard stated in the filing — “Which Proposals are Considered "Routine" or "Non-Routine"? Proposals 1 and 2 are non-routine and Proposal 3 is routine How are abstentions treated? Abstentions have no effect on the outcome of any matter being voted on.”.
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 |
|---|---|---|---|---|---|---|
| Sangita ShahIndependent · Audit and Risk · Compensation (Chair) · Nominating and Governance | $60,000 | $1,298,000 | $80,001 | — | — | $1,438,001 |
| Sharon HrynkowIndependent · Departed during FY | 43,333 | — | 436,909 | — | 0 | 480,243 |
| Michael PruittEmployee director · Newly elected | 15,000 | — | 40,000 | — | — | 55,000 |
| Keith JohnsonIndependent · Audit and Risk (Chair) · Compensation · Nominating and Governance · Newly elected | 13,333 | — | 40,000 | — | — | 53,333 |
| Pyahm (Kyle) SamaniIndependent · Board Chair · Audit and Risk · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Saurabh SharmaIndependent · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $131,666 |
| Equity awards (grant-date value) | $1,298,000 |
| All other compensation | $0 |
| Total cost of the board | $1,429,666 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Forward Industries | 2025 | Michael Pruitt | $75,000 | $0 | $713,817 | $0 | $873,817 |
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.
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, Michael Pruitt | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Summary Compensation Table” · page 17. As printed: 873,817. Filing ↗machine: t42 · r2 · c10 · span 234070–234077 |
| 2 | Section 01, Kathleen Weisberg | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Summary Compensation Table” · page 17. As printed: 725,992. Filing ↗machine: r8 · c10 · span 240507–240514 |
| 3 | Section 01, Robert Wild | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Summary Compensation Table” · page 17. As printed: 309,247. Filing ↗machine: r11 · c10 · span 243602–243609 |
| 4 | Section 01, Terence Wise | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Summary Compensation Table” · page 17. As printed: 168,500. Filing ↗machine: t42 · r5 · c10 · span 237235–237242 |
| 5 | Section 03, Michael Pruitt Option | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t42 · r2 · c6 · span 233447–233454 |
| 6 | Section 03, Kathleen Weisberg Option | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “ELECTION OF DIRECTORS &” · grants of plan-based awards table. Filing ↗machine: t42 · r8 · c6 · span 239992–239999 |
| 7 | Section 07, pay ratio | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Sangita Shah | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 1,438,001. Filing ↗machine: t39 · r4 · c7 · span 217345–217435 |
| 9 | Section 08, Sharon Hrynkow | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 480,243. Filing ↗machine: t39 · r6 · c7 · span 218976–219064 |
| 10 | Section 08, Michael Pruitt | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 55,000. Filing ↗machine: t39 · r10 · c7 · span 222048–222135 |
| 11 | Section 08, Keith Johnson | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 53,333. Filing ↗machine: t39 · r8 · c7 · span 220606–220693 |
| 12 | Section 08, Pyahm (Kyle) Samani | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 0. Filing ↗machine: t39 · r2 · c7 · span 215795–215796 |
| 13 | Section 08, Saurabh Sharma | DEF 14A | 2026-01-26 | 0001683168-26-000507 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 06, 2026 vote | Form 8-K | 2026-03-09 | 0001683168-26-001618 | Item 5.07 · say-on-pay result. As reported: 99.83% (votes for as printed: 49,676,221). Filing ↗ |
| 15 | Section 06, 2023 vote | Form 8-K | 2023-02-15 | 0001683168-23-000939 | Item 5.07 · say-on-pay result. As reported: 97.22% (votes for as printed: 4,649,801). Filing ↗ |
| 16 | Section 06, 2020 vote | Form 8-K | 2020-02-19 | 0001683168-20-000527 | Item 5.07 · say-on-pay result. As reported: 98.13%. Filing ↗ |
| 17 | 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) |
| 18 | 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 |
| 19 | Section 09b board cost (computed) | Computed | — | — | Cash 131,666 + equity 1,298,000 + all other 0 = 1,429,666, summed across the director compensation table rows.machine: formula: Σ = 1,429,666 |
| 20 | Forward Industries (subject), Section 10b CEO total | DEF 14A | 2026-01-26 | 0001683168-26-000507 | CEO total compensation as printed in Forward Industries's own proxy. As printed: 873,817. Filing ↗machine: t42 · r2 · c10 · span 234070–234077 |
The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.
You'll confirm on The Pay Desk's sign-up page.