Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-30

GigaCloud Technology (GCT)

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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Sample answer — “What is the CEO’s total compensation?”
- Larry Lei Wu (Chief Executive Officer), FY2025 total compensation $1,933,609 (base salary $162,000) [exec_comp, SEC accession 0001857816-26-000047, filed 2026-04-30]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

GCT's next annual pay disclosure, estimated May 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Larry Lei Wu$162,000$900,000$694,800$0$174,496$0$2,313$1,933,609
Chief Executive Officer
Erica Xiaoyang Wei319,602195,000150,5400—00665,142
Chief Financial Officer
Marshall Bernes360,0000231,600036,45800628,058
Head of Brand Center
Xinyan Hao104,583225,000173,7000112,66502,313618,261
Chief Operating Officer
Xin Wan104,583165,000127,3800104,62501,730503,319
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.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Larry Lei Wu$1,933,609$3,481,027$287,166↓ −1,547,418
Erica Xiaoyang Wei665,142457,172—↑ +207,970
Marshall Bernes628,058———
Xinyan Hao618,2611,009,267422,955↓ −391,006
Xin Wan503,319850,306281,488↓ −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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Companies that benchmark against GCT
No companies currently name GCT as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01b

Executives — the named officers

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.

ExecutiveRoleFY2025 total
Erica Xiaoyang WeiCFO$665,142
Larry Lei WuCEO$1,933,609
Marshall BernesHead of Brand Center$628,058
Xin WanCTO$503,319
Xinyan HaoCOO$618,261
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Jan William VisserIndependent Director$180,000
Kenneth E Lebensburger JrIndependent Director$61,500
Lorri KelleyFormer director (through FY2025)$141,000
Zhiwu ChenIndependent Director$180,000
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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Marshall BernesRSU2025-04-10——20,000—$231,600
Xinyan HaoRSU2025-04-10——15,000—173,700
Erica Xiaoyang WeiRSU2025-04-10——13,000—150,540
Larry Lei WuRSU2025-04-10——60,000—694,800
Xin WanRSU2025-04-10——11,000—127,380
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Marshall Bernes$231,600$0$00.0%
Xinyan Hao173,700000.0%
Erica Xiaoyang Wei150,540000.0%
Larry Lei Wu694,800000.0%
Xin Wan127,380000.0%

% 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
Xinyan HaoRSU7,500—$86,850
Xin WanRSU5,500—63,690
05

Incentive-plan design — the Compensation Discussion & Analysis

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 policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-07-1185,152,812452,56294,22299.47%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.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20252025-07-1199.47%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.

07

CEO pay ratio

Ratio (CEO : median employee)48 : 1
CEO total compensation$1,933,609
Median employee compensation$39,958
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
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 · Audit66,000114,000000180,000
Lorri KelleyIndependent · Departed during FY55,50085,500000141,000
Kenneth E Lebensburger JrIndependent · Compensation · Nominating and Corporate Governance (Chair) · Audit33,00028,50000061,500
Marshall BernesEmployee director—————0
Larry Lei WuEmployee director · Board Chair—————0
09

Board fee structure and ownership guideline

Annual cash retainer$66,000
Annual equity retainer$114,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
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.

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
1GigaCloud Technology2025Larry 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.

10d

Frequently asked questions

Who was the highest-paid executive at GigaCloud Technology in fiscal 2025?
As disclosed, Larry Lei Wu (Chief Executive Officer) was the highest-paid executive at GigaCloud Technology in fiscal 2025, with total compensation of $1,933,609.
What is GigaCloud Technology's CEO-to-median employee pay ratio?
As disclosed, GigaCloud Technology's CEO-to-median employee pay ratio was 48:1.
How did shareholders vote on GigaCloud Technology's executive compensation?
As disclosed, 99.47% of shareholders supported GigaCloud Technology's executive compensation in the latest say-on-pay vote.
How much does GigaCloud Technology spend in total on board compensation for fiscal 2025?
As disclosed, GigaCloud Technology reported total board compensation of $562,500 for fiscal 2025.

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.

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, Larry Lei WuDEF 14A2026-04-300001857816-26-000047Section “Executive Compensation Tables” · page 33. As printed: 1,933,609. Filing ↗machine: span 294138–294147
2Section 01, Erica Xiaoyang WeiDEF 14A2026-04-300001857816-26-000047Section “Executive Compensation Tables” · page 33. As printed: 665,142. Filing ↗
3Section 01, Marshall BernesDEF 14A2026-04-300001857816-26-000047Section “Executive Compensation Tables” · page 33. As printed: 628,058. Filing ↗machine: span 338399–338406
4Section 01, Xinyan HaoDEF 14A2026-04-300001857816-26-000047Section “Executive Compensation Tables” · page 33. As printed: 618,261. Filing ↗machine: span 315907–315914
5Section 01, Xin WanDEF 14A2026-04-300001857816-26-000047Section “Executive Compensation Tables” · page 33. As printed: 503,319. Filing ↗machine: span 327405–327412
6Section 03, Marshall Bernes RSUDEF 14A2026-04-300001857816-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 380953–380960
7Section 03, Xinyan Hao RSUDEF 14A2026-04-300001857816-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 371324–371331
8Section 03, Erica Xiaoyang Wei RSUDEF 14A2026-04-300001857816-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 365784–365791
9Section 03, Larry Lei Wu RSUDEF 14A2026-04-300001857816-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 361842–361849
10Section 03, Xin Wan RSUDEF 14A2026-04-300001857816-26-000047Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 376011–376018
11Section 07, pay ratioDEF 14A2026-04-300001857816-26-000047Section “CEO Pay Ratio”. As printed: 48 : 1. Filing ↗machine: span 418761–418763
12Section 08, Zhiwu ChenDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 146994–147119
13Section 08, Jan William VisserDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 151415–151540
14Section 08, Lorri KelleyDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 141,000. Filing ↗machine: span 160586–160711
15Section 08, Kenneth E Lebensburger JrDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 61,500. Filing ↗machine: span 156047–156171
16Section 08, Marshall BernesDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Larry Lei WuDEF 14A2026-04-300001857816-26-000047Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2025 voteForm 8-K2025-07-140001857816-25-000083Item 5.07 · say-on-pay result. As reported: 99.47% (votes for as printed: 85,152,812). Filing ↗
19Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
20Section 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
21Section 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
22GigaCloud Technology (subject), Section 10b CEO totalDEF 14A2026-04-300001857816-26-000047CEO total compensation as printed in GigaCloud Technology's own proxy. As printed: 1,933,609. Filing ↗machine: span 294138–294147