Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-01

Genie Energy (GNE)

CEO Michael Stein was paid $1,371,250 in fiscal year 2025, ↓ down 60.5% from fiscal year 2024 (SEC filing 0001437749-26-014295 ↗): 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.

$1,371,250 ↓
Michael Stein total, FY2025
—
CEO pay percentile vs peers
78:1
CEO-to-median pay ratio
92.43%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Michael Stein (Chief Executive Officer), FY2025 total compensation $1,371,250 (base salary $450,000) [exec_comp, SEC accession 0001437749-26-014295, filed 2026-05-01]

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GNE's next annual pay disclosure, estimated June 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Stein$450,000$875,000$0$0$0$0$46,250$1,371,250
Chief Executive Officer
Avi Goldin425,000430,000000014,025869,025
Chief Financial 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
Michael Stein$1,371,250$3,473,746$3,200,306↓ −2,102,496
Avi Goldin869,0251,417,2951,600,183↓ −548,270

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 GNE
4 companies name GNE as a compensation peer

Each company listed discloses GNE 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 GNE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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
Alan B. RosenthalIndependent Director$95,129
Allan SassIndependent Director$95,129
W. Wesley PerryLead Independent Director$95,129
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
Avi GoldinRSA———32,100—$575,400
Michael SteinRSA———125,000—2,125,000
Avi GoldinRSA———30,000——
Michael SteinRSA———90,000——
03b

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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
Michael SteinRSU113,333—$1,561,729
Avi GoldinRSU31,400—432,692
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is to provide sufficient compensation to attract the individuals necessary to meet our current needs and planned organic growth and anticipated and unanticipated changes in operations, as well as for the business units that represent longer-term growth initiatives and provide those individuals with the proper incentives to motivate them to excel in performing their duties and executing their roles in order to generate short and medium term success and position us to achieve our long-term plans.

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
20262026-06-1070,000————
20242024-05-086,189,100506,9442,96092.43%Passed
20212021-05-125,671,575376,8885,54593.77%Passed
20182018-05-075,958,596251,3594,36595.95%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
20262026-06-10—a
20242024-05-0892.43%b
20212021-05-1293.77%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)78 : 1
CEO total compensation$3,473,746
Median employee compensation$44,437
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Allan SassIndependent · Not standing for re-election$50,000$45,129——$0$95,129
Alan B. RosenthalIndependent50,00045,129——095,129
W. Wesley PerryIndependent · Lead Independent Director50,00045,129——095,129
Howard S. JonasNot independent · Board Chair——————
Irwin KatsofIndependent · Newly elected——————
James A. CourterNot independent · Not standing for re-election——————
Joyce MasonNot independent——————
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$2,920
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$150,000
Equity awards (grant-date value)$135,387
All other compensation$0
Total cost of the board$285,387

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
1Genie Energy2025Michael Stein$450,000$0$0$0$1,371,250

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 Genie Energy in fiscal 2025?
As disclosed, Michael Stein (Chief Executive Officer) was the highest-paid executive at Genie Energy in fiscal 2025, with total compensation of $1,371,250.
What is Genie Energy's CEO-to-median employee pay ratio?
As disclosed, Genie Energy's CEO-to-median employee pay ratio was 78:1.
How did shareholders vote on Genie Energy's executive compensation?
As disclosed, 92.43% of shareholders supported Genie Energy's executive compensation in the latest say-on-pay vote.
How much does Genie Energy spend in total on board compensation for fiscal 2025?
As disclosed, Genie Energy reported total board compensation of $285,387 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, Michael SteinDEF 14A2026-05-010001437749-26-014295Section “Executive Compensation”. As printed: 1,371,250. Filing ↗machine: r1 · c23 · span 385903–385912
2Section 01, Avi GoldinDEF 14A2026-05-010001437749-26-014295Section “Executive Compensation”. As printed: 869,025. Filing ↗machine: r6 · c23 · span 403381–403388
3Section 03, Avi Goldin RSADEF 14A2026-05-010001437749-26-014295Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 284525–284533
4Section 03, Michael Stein RSADEF 14A2026-05-010001437749-26-014295Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
5Section 03, Avi Goldin RSADEF 14A2026-05-010001437749-26-014295Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 312061–312067
6Section 03, Michael Stein RSADEF 14A2026-05-010001437749-26-014295Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 311528–311534
7Section 07, pay ratioDEF 14A2025-03-310001013762-25-004445Section “CEO Pay Ratio”. As printed: 78 : 1. Filing ↗machine: span 759585–759587
8Section 08, Allan SassDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 102745–102751
9Section 08, Alan B. RosenthalDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 99308–99314
10Section 08, W. Wesley PerryDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 95867–95873
11Section 08, Howard S. JonasDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: —. Filing ↗
12Section 08, Irwin KatsofDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: —. Filing ↗
13Section 08, James A. CourterDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: —. Filing ↗
14Section 08, Joyce MasonDEF 14A2026-05-010001437749-26-014295Section “Director Compensation”. As printed: —. Filing ↗
15Section 06, 2026 voteForm 8-K2026-05-010001437749-26-014295Item 5.07 · say-on-pay result. As reported: —. Filing ↗
16Section 06, 2024 voteForm 8-K2024-05-090001213900-24-041338Item 5.07 · say-on-pay result. As reported: 92.43% (votes for as printed: 6,189,100). Filing ↗
17Section 06, 2021 voteForm 8-K2021-05-140001213900-21-026234Item 5.07 · say-on-pay result. As reported: 93.77% (votes for as printed: 5,671,575). Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 09b board cost (computed)Computed——Cash 150,000 + equity 135,387 + all other 0 = 285,387, summed across the director compensation table rows.machine: formula: Σ = 285,387
20Genie Energy (subject), Section 10b CEO totalDEF 14A2026-05-010001437749-26-014295CEO total compensation as printed in Genie Energy's own proxy. As printed: 1,371,250. Filing ↗machine: r1 · c23 · span 385903–385912