Fiscal year 2025 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.
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.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Michael Stein | $450,000 | $875,000 | $0 | $0 | $0 | $0 | $46,250 | $1,371,250 |
| Chief Executive Officer | ||||||||
| Avi Goldin | 425,000 | 430,000 | 0 | 0 | 0 | 0 | 14,025 | 869,025 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Michael Stein | $1,371,250 | — | — | — |
| Avi Goldin | 869,025 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Avi Goldin | RSA | — | — | — | 30,000 | — | — |
| Avi Goldin | RSA | — | — | — | 32,100 | — | 575,400 |
| Michael Stein | RSA | — | — | — | 125,000 | — | 2,125,000 |
| Michael Stein | RSA | — | — | — | 90,000 | — | — |
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.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Michael Stein | RSU | 113,333 | — | $1,561,729 |
| Avi Goldin | RSU | 31,400 | — | 432,692 |
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 policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | — | 70,000 | — | — | — | — |
| 2024 | 2024-05-08 | 6,189,100 | 506,944 | 2,960 | 92.43% | Passed |
| 2021 | 2021-05-12 | 5,671,575 | 376,888 | 5,545 | 93.77% | Passed |
| 2018 | 2018-05-07 | 5,958,596 | 251,359 | 4,365 | 95.95% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | — | —a |
| 2024 | 2024-05-08 | 92.43%b |
| 2021 | 2021-05-12 | 93.77%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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Alan B. RosenthalIndependent | $50,000 | $45,129 | — | — | $0 | $95,129 |
| W. Wesley PerryIndependent · Lead Independent Director | 0 | 95,129 | — | — | 0 | 95,129 |
| Allan SassIndependent · Not standing for re-election | 50,000 | 45,129 | — | — | 0 | 95,129 |
| Joyce MasonNot independent | — | — | — | — | — | — |
| Irwin KatsofIndependent · Newly elected | — | — | — | — | — | — |
| Howard S. JonasNot independent · Board Chair | — | — | — | — | — | — |
| James A. CourterNot independent · Not standing for re-election | — | — | — | — | — | — |
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $2,920 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $100,000 |
| Equity awards (grant-date value) | $185,387 |
| 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.
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 | Genie Energy | 2025 | Michael 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.
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 Stein | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation”. As printed: 1,371,250. Filing ↗machine: r1 · c23 · span 385903–385912 |
| 2 | Section 01, Avi Goldin | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation”. As printed: 869,025. Filing ↗machine: r6 · c23 · span 403381–403388 |
| 3 | Section 03, Avi Goldin RSA | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 312061–312067 |
| 4 | Section 03, Avi Goldin RSA | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 284525–284533 |
| 5 | Section 03, Michael Stein RSA | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 6 | Section 03, Michael Stein RSA | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 311528–311534 |
| 7 | Section 08, Alan B. Rosenthal | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 99308–99314 |
| 8 | Section 08, W. Wesley Perry | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 95867–95873 |
| 9 | Section 08, Allan Sass | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: 95,129. Filing ↗machine: span 102745–102751 |
| 10 | Section 08, Joyce Mason | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 11 | Section 08, Irwin Katsof | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 12 | Section 08, Howard S. Jonas | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 13 | Section 08, James A. Courter | DEF 14A | 2026-05-01 | 0001437749-26-014295 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 14 | Section 06, 2026 vote | Form 8-K | 2026-05-01 | 0001437749-26-014295 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 15 | Section 06, 2024 vote | Form 8-K | 2024-05-09 | 0001213900-24-041338 | Item 5.07 · say-on-pay result. As reported: 92.43% (votes for as printed: 6,189,100). Filing ↗ |
| 16 | Section 06, 2021 vote | Form 8-K | 2021-05-14 | 0001213900-21-026234 | Item 5.07 · say-on-pay result. As reported: 93.77% (votes for as printed: 5,671,575). Filing ↗ |
| 17 | Section 09b board cost (computed) | Computed | — | computed | Cash 100,000 + equity 185,387 + all other 0 = 285,387, summed across the director compensation table rows.machine: formula: Σ = 285,387 |
| 18 | Genie Energy (subject), Section 10b CEO total | DEF 14A | 2026-05-01 | 0001437749-26-014295 | CEO total compensation as printed in Genie Energy's own proxy. As printed: 1,371,250. Filing ↗machine: r1 · c23 · span 385903–385912 |