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.
This is the complete answer, not a partial one — the list is never padded.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Joseph Chee | $91,304 | $213,804 | $6,632,526 | $0 | $0 | $0 | $578 | $6,938,212 |
| Executive Chairman | ||||||||
| Dane Andreeff | 419,000 | 890,000 | 0 | 636,456 | 146,650 | 0 | 33,488 | 2,125,594 |
| President and Chief Executive Officer | ||||||||
| Jeffrey Mathiesen | 401,000 | 610,000 | 0 | 317,990 | 112,280 | 0 | 38,083 | 1,479,353 |
| Chief Financial Officer, Treasurer and Secretary | ||||||||
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 |
|---|---|---|---|---|
| Joseph Chee | $6,938,212 | — | — | — |
| Dane Andreeff | 2,125,594 | 1,269,419 | — | +856,175 |
| Jeffrey Mathiesen | 1,479,353 | 874,024 | — | +605,329 |
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 |
|---|---|---|---|---|---|---|---|
| Dane Andreeff | Option | — | — | — | — | — | $636,456 |
| Joseph Chee | RSU | — | — | — | — | — | 6,632,526 |
| Jeffrey Mathiesen | Option | — | — | — | — | — | 317,990 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Dane Andreeff | $0 | $0 | $636,456 | 0.0% |
| Joseph Chee | 6,632,526 | 0 | 0 | 0.0% |
| Jeffrey Mathiesen | 0 | 0 | 317,990 | 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 |
|---|---|---|---|---|
| Dane Andreeff | RSU | 138 | — | $11,587 |
Base salaries for such named executive officers have generally been set at levels deemed necessary to attract and retain individuals with superior talent.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Grant Thornton LLP |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-06-27 | 683,463 | 225,888 | 7,679 | 74.53% | Passed |
| 2021 | 2021-05-25 | 908,827 | 73,815 | 2,616 | 92.24% | Passed |
| 2016 | 2016-09-15 | 35,306,207 | 97,549 | 0 | 99.72% | 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 |
|---|---|---|
| 2024 | 2024-06-27 | 74.53%a |
| 2021 | 2021-05-25 | 92.24%b |
| 2016 | 2016-09-15 | 99.72%c |
a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against the matter.”.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against the matter.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have the same effect as a vote "Against" Proposal 3.”.
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 |
|---|---|---|---|---|---|---|
| Blane WalterIndependent · Lead Independent Director · Audit | $93,854 | $0 | $29,204 | — | $0 | $123,058 |
| Paul BuckmanIndependent · Audit (Chair) · Compensation · Nominating/Governance | 78,854 | 0 | 29,204 | — | 0 | 108,058 |
| Edward M. StrawIndependent · Audit · Compensation (Chair) · Nominating/Governance | 75,854 | 0 | 29,204 | — | 0 | 105,058 |
| Sherrie PerkinsIndependent · Compensation · Nominating/Governance (Chair) | 65,354 | 0 | 29,204 | — | 0 | 94,558 |
| Dane C. AndreeffEmployee director | 0 | 0 | 0 | — | 0 | 0 |
| Joseph CheeEmployee director · Board Chair · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Cosmo JiangNot independent · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Jeffrey S. MathiesenEmployee director · Departed during FY | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $35,000 |
|---|---|
| Annual equity retainer | $29,204 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 50,000 / 50,000 / 50,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $313,916 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $313,916 |
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 | Solana | 2025 | Dane Andreeff | $419,000 | $0 | $636,456 | $146,650 | $2,125,594 |
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, Joseph Chee | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Summary Compensation Table” · page 17. As printed: 6,938,212. Filing ↗machine: t41 · r5 · c16 · span 269462–269471 |
| 2 | Section 01, Dane Andreeff | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Summary Compensation Table” · page 17. As printed: 2,125,594. Filing ↗machine: t41 · r7 · c16 · span 278264–278273 |
| 3 | Section 01, Jeffrey Mathiesen | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Summary Compensation Table” · page 17. As printed: 1,479,353. Filing ↗machine: t41 · r10 · c16 · span 290771–290780 |
| 4 | Section 03, Dane Andreeff Option | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t41 · r7 · c8 · span 276229–276236 |
| 5 | Section 03, Joseph Chee RSU | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t41 · r5 · c10 · span 267823–267832 |
| 6 | Section 03, Jeffrey Mathiesen Option | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “EXECUTIVE COMPENSATION” · grants of plan-based awards table. Filing ↗machine: t41 · r10 · c8 · span 288584–288591 |
| 7 | Section 07, pay ratio | 10-K | 2026-03-31 | 0001104659-26-037194 | Section “CEO Pay Ratio”. As printed: —. Filing ↗ |
| 8 | Section 08, Blane Walter | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 123,058. Filing ↗machine: t75 · r7 · c8 · span 504728–504735 |
| 9 | Section 08, Paul Buckman | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 108,058. Filing ↗machine: t75 · r4 · c8 · span 498066–498073 |
| 10 | Section 08, Edward M. Straw | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 105,058. Filing ↗machine: t75 · r6 · c8 · span 502566–502573 |
| 11 | Section 08, Sherrie Perkins | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 94,558. Filing ↗machine: t75 · r5 · c8 · span 500231–500237 |
| 12 | Section 08, Dane C. Andreeff | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 13 | Section 08, Joseph Chee | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 08, Cosmo Jiang | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 15 | Section 08, Jeffrey S. Mathiesen | DEF 14A | 2026-04-10 | 0001104659-26-041970 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 06, 2024 vote | Form 8-K | 2024-06-28 | 0001558370-24-009613 | Item 5.07 · say-on-pay result. As reported: 74.53% (votes for as printed: 683,463). Filing ↗ |
| 17 | Section 06, 2021 vote | Form 8-K | 2021-05-27 | 0001564590-21-030425 | Item 5.07 · say-on-pay result. As reported: 92.24%. Filing ↗ |
| 18 | Section 06, 2016 vote | Form 8-K | 2016-09-20 | 0001176256-16-000658 | Item 5.07 · say-on-pay result. As reported: 99.72%. Filing ↗ |
| 19 | Section 01 trend, Δ column (computed) | 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 | — | 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 | — | computed | Cash 313,916 + equity 0 + all other 0 = 313,916, summed across the director compensation table rows.machine: formula: Σ = 313,916 |
| 22 | Solana (subject), Section 10b CEO total | DEF 14A | 2026-04-10 | 0001104659-26-041970 | CEO total compensation as printed in Solana's own proxy. As printed: 2,125,594. Filing ↗machine: t41 · r7 · c16 · span 278264–278273 |