CEO Larry Lei Wu was paid $1,933,609 in fiscal year 2025, ↓ down 44.5% from fiscal year 2024 (SEC filing 0001857816-26-000047 ↗): 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.
$1,933,609 ↓ Larry Lei Wu total, FY2025 | — CEO pay percentile vs peers | 48:1 CEO-to-median pay ratio | 99.47% Say-on-pay support, latest vote |
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| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Larry Lei Wu | $162,000 | $900,000 | $694,800 | $0 | $174,496 | $0 | $2,313 | $1,933,609 |
| Chief Executive Officer | ||||||||
| Erica Xiaoyang Wei | 319,602 | 195,000 | 150,540 | 0 | — | 0 | 0 | 665,142 |
| Chief Financial Officer | ||||||||
| Marshall Bernes | 360,000 | 0 | 231,600 | 0 | 36,458 | 0 | 0 | 628,058 |
| Head of Brand Center | ||||||||
| Xinyan Hao | 104,583 | 225,000 | 173,700 | 0 | 112,665 | 0 | 2,313 | 618,261 |
| Chief Operating Officer | ||||||||
| Xin Wan | 104,583 | 165,000 | 127,380 | 0 | 104,625 | 0 | 1,730 | 503,319 |
| Chief Technology 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 |
|---|---|---|---|---|
| Larry Lei Wu | $1,933,609 | $3,481,027 | $287,166 | ↓ −1,547,418 |
| Erica Xiaoyang Wei | 665,142 | 457,172 | — | ↑ +207,970 |
| Marshall Bernes | 628,058 | — | — | — |
| Xinyan Hao | 618,261 | 1,009,267 | 422,955 | ↓ −391,006 |
| Xin Wan | 503,319 | 850,306 | 281,488 | ↓ −346,987 |
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 |
|---|---|---|
| Erica Xiaoyang Wei | CFO | $665,142 |
| Larry Lei Wu | CEO | $1,933,609 |
| Marshall Bernes | Head of Brand Center | $628,058 |
| Xin Wan | CTO | $503,319 |
| Xinyan Hao | COO | $618,261 |
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Jan William Visser | Independent Director | $180,000 |
| Kenneth E Lebensburger Jr | Independent Director | $61,500 |
| Lorri Kelley | Former director (through FY2025) | $141,000 |
| Zhiwu Chen | Independent Director | $180,000 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Marshall Bernes | RSU | 2025-04-10 | — | — | 20,000 | — | $231,600 |
| Xinyan Hao | RSU | 2025-04-10 | — | — | 15,000 | — | 173,700 |
| Erica Xiaoyang Wei | RSU | 2025-04-10 | — | — | 13,000 | — | 150,540 |
| Larry Lei Wu | RSU | 2025-04-10 | — | — | 60,000 | — | 694,800 |
| Xin Wan | RSU | 2025-04-10 | — | — | 11,000 | — | 127,380 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Marshall Bernes | $231,600 | $0 | $0 | 0.0% |
| Xinyan Hao | 173,700 | 0 | 0 | 0.0% |
| Erica Xiaoyang Wei | 150,540 | 0 | 0 | 0.0% |
| Larry Lei Wu | 694,800 | 0 | 0 | 0.0% |
| Xin Wan | 127,380 | 0 | 0 | 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 |
|---|---|---|---|---|
| Xinyan Hao | RSU | 7,500 | — | $86,850 |
| Xin Wan | RSU | 5,500 | — | 63,690 |
Our compensation program is designed to align executive pay with measurable results intended to create value for shareholders, and utilize compensation as a tool to assist us in attracting and retaining the high-caliber executives that we believe are critical to our long-term success. Our compensation philosophy is weighted towards providing equity awards.
| 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 |
|---|---|---|---|---|---|---|
| 2025 | 2025-07-11 | 85,152,812 | 452,562 | 94,222 | 99.47% | 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 |
|---|---|---|
| 2025 | 2025-07-11 | 99.47%a |
a. 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.
| Ratio (CEO : median employee) | 48 : 1 |
|---|---|
| CEO total compensation | $1,933,609 |
| Median employee compensation | $39,958 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Zhiwu ChenIndependent · Compensation · Nominating and Corporate Governance · Audit (Chair) | $66,000 | $114,000 | $0 | $0 | $0 | $180,000 |
| Jan William VisserIndependent · Compensation (Chair) · Nominating and Corporate Governance · Audit | 66,000 | 114,000 | 0 | 0 | 0 | 180,000 |
| Lorri KelleyIndependent · Departed during FY | 55,500 | 85,500 | 0 | 0 | 0 | 141,000 |
| Kenneth E Lebensburger JrIndependent · Compensation · Nominating and Corporate Governance (Chair) · Audit | 33,000 | 28,500 | 0 | 0 | 0 | 61,500 |
| Marshall BernesEmployee director | — | — | — | — | — | 0 |
| Larry Lei WuEmployee director · Board Chair | — | — | — | — | — | 0 |
| Annual cash retainer | $66,000 |
|---|---|
| Annual equity retainer | $114,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $220,500 |
| Equity awards (grant-date value) | $342,000 |
| All other compensation | $0 |
| Total cost of the board | $562,500 |
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 | GigaCloud Technology | 2025 | Larry Lei Wu | $162,000 | $694,800 | $0 | $174,496 | $1,933,609 |
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, Larry Lei Wu | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Executive Compensation Tables” · page 33. As printed: 1,933,609. Filing ↗machine: span 294138–294147 |
| 2 | Section 01, Erica Xiaoyang Wei | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Executive Compensation Tables” · page 33. As printed: 665,142. Filing ↗ |
| 3 | Section 01, Marshall Bernes | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Executive Compensation Tables” · page 33. As printed: 628,058. Filing ↗machine: span 338399–338406 |
| 4 | Section 01, Xinyan Hao | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Executive Compensation Tables” · page 33. As printed: 618,261. Filing ↗machine: span 315907–315914 |
| 5 | Section 01, Xin Wan | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Executive Compensation Tables” · page 33. As printed: 503,319. Filing ↗machine: span 327405–327412 |
| 6 | Section 03, Marshall Bernes RSU | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 380953–380960 |
| 7 | Section 03, Xinyan Hao RSU | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 371324–371331 |
| 8 | Section 03, Erica Xiaoyang Wei RSU | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 365784–365791 |
| 9 | Section 03, Larry Lei Wu RSU | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 361842–361849 |
| 10 | Section 03, Xin Wan RSU | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 376011–376018 |
| 11 | Section 07, pay ratio | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “CEO Pay Ratio”. As printed: 48 : 1. Filing ↗machine: span 418761–418763 |
| 12 | Section 08, Zhiwu Chen | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 146994–147119 |
| 13 | Section 08, Jan William Visser | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 151415–151540 |
| 14 | Section 08, Lorri Kelley | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 141,000. Filing ↗machine: span 160586–160711 |
| 15 | Section 08, Kenneth E Lebensburger Jr | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 61,500. Filing ↗machine: span 156047–156171 |
| 16 | Section 08, Marshall Bernes | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 08, Larry Lei Wu | DEF 14A | 2026-04-30 | 0001857816-26-000047 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 18 | Section 06, 2025 vote | Form 8-K | 2025-07-14 | 0001857816-25-000083 | Item 5.07 · say-on-pay result. As reported: 99.47% (votes for as printed: 85,152,812). Filing ↗ |
| 19 | 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) |
| 20 | 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 |
| 21 | Section 09b board cost (computed) | Computed | — | — | Cash 220,500 + equity 342,000 + all other 0 = 562,500, summed across the director compensation table rows.machine: formula: Σ = 562,500 |
| 22 | GigaCloud Technology (subject), Section 10b CEO total | DEF 14A | 2026-04-30 | 0001857816-26-000047 | CEO total compensation as printed in GigaCloud Technology's own proxy. As printed: 1,933,609. Filing ↗machine: span 294138–294147 |