Companies Inve Technologies, Inc.
Inve Technologies (INVE): executive pay, fiscal 2024
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CEO pay, last three years
- $2,101,455FY2024
CEO total pay was $2,101,455 in fiscal 2024; the brief holds no earlier figure for this CEO.
FY2024: salary $284,872 · bonus $62,500 · stock awards $1,674,000 · option awards $0
Executives and directors
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kirsten Newquist | $284,872 | $62,500 | $1,674,000 | $0 | $75,000 | $0 | $5,083 | $2,101,455 |
| Chief Executive Officer and Director | ||||||||
| Steven Humphreys | 373,688 | 0 | 1,171,650 | 0 | 0 | 0 | 660 | 1,545,998 |
| Former Chief Executive Officer | ||||||||
| Justin Scarpulla | 340,000 | 0 | 731,775 | 0 | 93,750 | 0 | 5,750 | 1,171,275 |
| Chief Financial Officer 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.
Three-year trend — total compensation per named executive
| Named executive officer | FY2024 total | FY2023 total | FY2022 total | Δ FY2023→2024 |
|---|---|---|---|---|
| Kirsten Newquist | $2,101,455 | — | — | — |
| Steven Humphreys | 1,545,998 | 424,846 | 403,667 | ↑ +1,121,152 |
| Justin Scarpulla | 1,171,275 | 367,554 | 2,970,350 | ↑ +803,721 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our pay-for-performance philosophy links compensation to the achievement of our operational objectives, long-term performance goals and the enhancement of stockholder value. We focus on aligning key strategic objectives with stockholder interests through a mix of fixed base salary, performance-based variable compensation, and long-term equity awards that vest over multi-year periods.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2024
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Steven Humphreys | PRSU | — | — | — | — | — | $1,171,650 |
| Justin Scarpulla | PRSU | — | — | — | — | — | 731,775 |
| Kirsten Newquist | PRSU | — | — | — | — | — | 1,674,000 |
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.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Justin Scarpulla | RSU | 26,563 | — | $97,221 |
| Justin Scarpulla | RSU | 37,500 | — | 137,250 |
| Justin Scarpulla | RSU | 62,500 | — | 228,750 |
| Kirsten Newquist | RSU | 200,000 | — | 732,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| James E. OusleyIndependent · Board Chair · Audit (Chair) · Nominating | $102,500 | $100,003 | $0 | $0 | $0 | $202,503 |
| Gary KremenIndependent · Audit · Compensation | 80,000 | 78,053 | 0 | 0 | 0 | 158,053 |
| Laura AngeliniIndependent · Audit · Compensation (Chair) · Nominating | 65,000 | 65,769 | 0 | 0 | 0 | 130,769 |
| Richard E. KuntzIndependent · Compensation · Nominating (Chair) | 65,000 | 65,769 | 0 | 0 | 0 | 130,769 |
Board fee structure and ownership guideline
| Annual cash retainer | $125,000 |
|---|---|
| Annual equity retainer | $62,500 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 10,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $312,500 |
| Equity awards (grant-date value) | $309,594 |
| All other compensation | $0 |
| Total cost of the board | $622,094 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Inve Technologies as a peer
Companies that benchmark against INVE
4 companies name INVE as a compensation peer
- Digimarc CorpDMRCFY2025
- LANTRONIX INCLTRXFY2026
- OneSpan Inc.OSPNFY2025
- QUICKLOGIC CorpQUIKFY2026
Each company listed discloses INVE 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 INVE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Inve Technologies, Inc. | 2024 | Kirsten Newquist | $284,872 | $1,674,000 | $0 | $75,000 | $2,101,455 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-09-10 | 10,087,173 | 6,731,294 | 2,675 | 59.98% | Passed |
| 2025 | 2025-06-10 | 10,344,097 | 4,741,144 | 1,407,984 | 68.57% | Passed |
| 2024 | 2024-06-28 | 13,337,293 | 1,671,791 | 40,706 | 88.86% | Passed |
| 2023 | 2023-06-08 | 13,967,120 | 214,208 | 17,037 | 98.49% | Passed |
| 2022 | 2022-05-26 | 12,461,229 | 113,195 | 14,292 | 99.1% | Passed |
| 2021 | 2021-05-26 | 9,979,285 | 110,847 | 8,217 | 98.9% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-09-10 | 59.98%a |
| 2025 | 2025-06-10 | 68.57%b |
| 2024 | 2024-06-28 | 88.86%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.
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Justin Scarpulla | Chief Financial Officer | 2025-05-30 | D | 2,360 | $3 | $7,717 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2025-07-15 | D | 6,348 | 3 | 21,202 | Common | Form 4 ↗ |
| Richard E. Kuntz | Director | 2025-07-29 | A | 21,148 | 0 | 0 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2025-07-29 | A | 25,000 | 0 | 0 | Common | Form 4 ↗ |
| Miguel A. Lopez | Director | 2025-07-29 | A | 23,414 | 0 | 0 | Common | Form 4 ↗ |
| Laura Angelini | Director | 2025-07-29 | A | 22,659 | 0 | 0 | Common | Form 4 ↗ |
| Gary Kremen | Director | 2025-07-29 | A | 18,882 | 0 | 0 | Common | Form 4 ↗ |
| James E. Ousley | Director | 2025-07-29 | A | 28,701 | 0 | 0 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2025-08-09 | A | 15,000 | 0 | 0 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2025-08-29 | D | 1,361 | 4 | 5,036 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2025-10-15 | D | 6,348 | 3 | 21,901 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2025-12-01 | D | 1,117 | 3 | 3,764 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-01-15 | D | 7,023 | 3 | 24,089 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2026-02-27 | D | 1,252 | 3 | 3,944 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-03-02 | A | 150,000 | 0 | 0 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-03-02 | D | 77,532 | 3 | 245,776 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-04-15 | D | 6,360 | 4 | 23,405 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2026-06-01 | D | 1,133 | 4 | 4,589 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2026-07-10 | D | 19,875 | 3 | 58,234 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-07-15 | D | 6,361 | 3 | 18,956 | Common | Form 4 ↗ |
| James E. Ousley | Director | 2026-07-30 | A | 23,810 | 0 | 0 | Common | Form 4 ↗ |
| Laura Angelini | Director | 2026-07-30 | A | 18,797 | 0 | 0 | Common | Form 4 ↗ |
| Miguel A. Lopez | Director | 2026-07-30 | A | 19,424 | 0 | 0 | Common | Form 4 ↗ |
| Richard E. Kuntz | Director | 2026-07-30 | A | 17,544 | 0 | 0 | Common | Form 4 ↗ |
| Gary Kremen | Director | 2026-07-30 | A | 15,664 | 0 | 0 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2026-09-01 | D | 1,077 | 3 | 2,973 | Common | Form 4 ↗ |
| Edward Kirnbauer | See Remarks | 2026-09-15 | D | 6,618 | 3 | 17,207 | Common | Form 4 ↗ |
| Kirsten Newquist | Director | 2026-09-15 | D | 44,520 | 3 | 115,752 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (44 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kirsten Newquist. DEF 14A, filed 2025-04-30. Section “Executive Compensation” · page 28. As printed: 2,101,455. View filing ↗
- Section 01, Steven Humphreys. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 1,545,998. View filing ↗
- Section 01, Justin Scarpulla. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 1,171,275. View filing ↗
- Section 03, Steven Humphreys PRSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. View filing ↗
- Section 03, Justin Scarpulla PRSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. View filing ↗
- Section 03, Kirsten Newquist PRSU. DEF 14A, filed 2025-04-30. Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. View filing ↗
- Section 08, James E. Ousley. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 202,503. View filing ↗
- Section 08, Gary Kremen. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 158,053. View filing ↗
- Section 08, Laura Angelini. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 130,769. View filing ↗
- Section 08, Richard E. Kuntz. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 130,769. View filing ↗
- Section 02, Justin Scarpulla 2025-05-30. Form 4, filed 2025-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2025-07-15. Form 4, filed 2025-07-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Richard E. Kuntz 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Miguel A. Lopez 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Laura Angelini 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary Kremen 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, James E. Ousley 2025-07-29. Form 4, filed 2025-07-31. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2025-08-09. Form 4, filed 2025-08-12. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2025-08-29. Form 4, filed 2025-09-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2025-10-15. Form 4, filed 2025-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2025-12-01. Form 4, filed 2025-12-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-01-15. Form 4, filed 2026-01-20. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2026-02-27. Form 4, filed 2026-03-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-03-02. Form 4, filed 2026-03-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-03-02. Form 4, filed 2026-03-04. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-04-15. Form 4, filed 2026-04-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2026-07-10. Form 4, filed 2026-07-13. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-07-15. Form 4, filed 2026-07-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, James E. Ousley 2026-07-30. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Laura Angelini 2026-07-30. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Miguel A. Lopez 2026-07-30. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Richard E. Kuntz 2026-07-30. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Gary Kremen 2026-07-30. Form 4, filed 2026-08-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2026-09-01. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edward Kirnbauer 2026-09-15. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kirsten Newquist 2026-09-15. Form 4, filed 2026-09-17. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-09-16. Item 5.07 · say-on-pay result. As reported: 59.98% (votes for as printed: 10,087,173). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-13. Item 5.07 · say-on-pay result. As reported: 68.57% (votes for as printed: 10,344,097). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-07-02. Item 5.07 · say-on-pay result. As reported: 88.86% (votes for as printed: 13,337,293). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 312,500 + equity 309,594 + all other 0 = 622,094, summed across the director compensation table rows.
- Inve Technologies, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-04-30. CEO total compensation as printed in Inve Technologies, Inc.'s own proxy. As printed: 2,101,455. View filing ↗