Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

Kopin (KOPN)

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.

$2,257,423
Michael Murray total, FY2025
59th
CEO pay percentile vs peers
CEO-to-median pay ratio
98.33%
Say-on-pay support, latest vote
Companies that benchmark against KOPN
5 companies name KOPN as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Murray$506,191$100,000$600,692$575,990$463,374$0$11,176$2,257,423
President and Chief Executive Officer
Erich Manz85,38530,000856,0000002,271973,656
Treasurer and Chief Financial Officer
Paul Baker348,86130,000326,13500011,002715,997
Chief Operating Officer of Kopin Government and Industrial and Strategic Business Officer
Richard Sneider269,84310,000228,55200011,064519,459
Treasurer and Chief Financial Officer (terminating September 1, 2025)

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 FY20242025
Michael Murray$2,257,423$2,390,838$950,902−133,415
Erich Manz973,656
Paul Baker715,997497,174430,855+218,823
Richard Sneider519,459534,847456,766−15,388

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Paul BakerChief Operating Officer2026-04-28D116,860$4$461,597CommonForm 4 ↗
Paul BakerChief Operating Officer2026-05-05D1,04155,101CommonForm 4 ↗
Paul BakerChief Operating Officer2026-05-06D58,9395288,801CommonForm 4 ↗
Jill J. AveryDirector2026-06-10A64,50000CommonForm 4 ↗
Paul V. Walsh, JrDirector2026-06-10A64,50000CommonForm 4 ↗
David NieuwsmaDirector2026-06-10A64,50000CommonForm 4 ↗
Margaret SeifDirector2026-06-10A64,50000CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Richard SneiderPSU2025-09-011359,520$269,843
Richard SneiderPSU2025-09-011359,520269,843
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Sneider$0$539,686$0100.0%

% 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
Michael MurrayPSU1,200,000$2,856,000
Richard SneiderRSU50,000211,600
Michael MurrayRSU728,6341,734,149
Richard SneiderPSU136,600325,108
Paul BakerRSU50,000296,350
Richard SneiderRSU75,000178,500
Michael MurrayOption480,4851.76
Erich ManzRSU400,000952,000
Erich ManzPSU400,000400,000
Paul BakerPSU146,350348,313
Michael MurrayRSU320,000761,600
Paul BakerRSU150,000357,000
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe that our NEOs play a critical role in the operational and financial performance of our company that creates long-term value for our stockholders. Accordingly, our executive compensation philosophy is to reward our executives for individual performance and for contributions to our corporate performance.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantAon plc (Human Capital Solutions practice)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2168,891,995879,772288,80398.33%Passed
20252025-06-2658,245,2551,951,8561,544,39394.34%Passed
20242024-06-0526,650,9294,175,3396,383,82071.62%Passed
20232023-05-2533,029,2441,290,870381,19195.18%Passed
20222022-05-2632,034,2452,608,227288,95391.71%Passed
20212021-05-2632,190,9591,094,818518,59695.23%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
20262026-05-2198.33%a
20252025-06-2694.34%b
20242024-06-0571.62%c

a. Approved under the standard stated in the filing — “Abstentions will be counted for Proposal 4 and will have the same effect as a vote against the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will be counted for Proposal 5 and will have the same effect as a vote against the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will be counted for Proposal 5 and will have the same effect as a vote against the proposal.”.

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)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jill J. AveryIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance$82,375$102,555$0$0$0$184,930
Margaret SeifIndependent · Compensation (Chair) · Nominating/Governance (Chair)60,000102,555000162,555
Paul V. Walsh, JrIndependent · Audit (Chair) · Nominating/Governance59,375102,555000161,930
David NieuwsmaIndependent · Audit · Compensation53,000102,555000155,555
Michael MurrayEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$102,555
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)15,000 / 10,000 / 7,188
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$254,750
Equity awards (grant-date value)$410,220
All other compensation$0
Total cost of the board$664,970

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Kopin names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Kopin.

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
1Immersion Corp2025Eric Singer$1,015,285$4,963,000$0$3,126,069$12,293,260
2CEVA Inc2025Amir Panush524,4573,686,4400242,5264,691,010
3Aehr Test Systems2025Gayn Erickson473,6542,655,0010245,6773,426,204
4Ouster2025Angus Pacala400,0002,469,5000479,6003,363,100
5Everspin Technologies2025Sanjeev Aggarwal450,0001,584,0000551,4542,586,384
6Innovation Solutions and Support2025Shahram Askarpour525,0001,019,953196,340750,7502,506,043
7Digimarc2025Riley McCormack415,0001,662,9310371,8402,449,771
8Kopin2025Michael Murray506,191600,692575,990463,3742,257,423
9Arteris2025K. Charles Janac477,000635,513557,924480,5302,166,523
10GSI Technology2026Lee-Lean Shu302,33901,639,50047,9311,989,770
11Clearfield2025Cheryl Beranek460,000999,9860131,5111,613,404
12KVH Industries2025Brent Bruun538,8100425,840485,1851,461,335
13Quicklogic2025Brian Faith468,000377,495001,196,495
14InTEST Corporation2025Richard Grant428,915400,003210,65554,6871,099,010
15Magnachip Semiconductor2025Camillo Martino347,085551,10000930,185
16Pixelworks Inc2025Todd DeBonis473,025436,56200909,587
17Amtech Systems2025Robert C. Daigle450,0000259,4100723,580
18LightPath Technologies2025Shmuel Rubin405,50085,7900692,875
Frequency Electronicsnot in coverage universe
Coda Octopus Groupnot in coverage universe
NVE Corpnot in coverage universe
One Stop Systemsnot in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Kopinnot disclosednot disclosedNoAon plc (Human Capital Solutions practice)
Aehr Test Systemsnot disclosedRSU 100Nonot disclosed
Amtech Systemsnot disclosedOptions 100not disclosednot disclosed
Arteris109.5%RSU 50 · Options 50not disclosedCompensia, Inc.
CEVA Inc58%PSU 60 · RSU 40NoMeridian Compensation Partners
Clearfield29%RSU 50 · PSU 50NoCompensia
Coda Octopus Groupnot disclosednot disclosednot disclosednot disclosed
Digimarcnot disclosedPRSU 50 · RSU 50not disclosedF.W. Cook & Co.
Everspin Technologies122.5%RSU 100not disclosednot disclosed
Frequency Electronicsnot disclosednot disclosednot disclosednot disclosed
GSI Technology17.4%Options 100not disclosedCompensia, Inc.
Immersion Corpnot disclosedRSU 100not disclosednot disclosed
Innovation Solutions and Support143%not disclosedNoFW Cook
InTEST Corporation15%not disclosedNoRadford
KVH Industriesnot disclosedOptions 100not disclosedCompensia
LightPath Technologiesnot disclosedRSU 100Nonot disclosed
Magnachip Semiconductornot disclosedPSU 67 · RSU 33NoCompensia Inc.
NVE Corpnot disclosednot disclosednot disclosednot disclosed
One Stop Systemsnot disclosednot disclosednot disclosednot disclosed
Ouster119.9%RSU 100not disclosedSemler Brossy
Pixelworks Incnot disclosednot disclosedYes — TSR relative to Peer Groupnot disclosed
Quicklogic75%RSU 100not disclosedCompensia

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

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 MurrayDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table”. As printed: 2,257,423. Filing ↗machine: span 438656–438665
2Section 01, Erich ManzDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table”. As printed: 973,656. Filing ↗machine: span 441938–441945
3Section 01, Paul BakerDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table”. As printed: 715,997. Filing ↗machine: span 448001–448008
4Section 01, Richard SneiderDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table”. As printed: 519,459. Filing ↗machine: span 444708–444715
5Section 03, Richard Sneider PSUDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t62 · r5 · c7 · span 443542–443549
6Section 03, Richard Sneider PSUDEF 14A2026-04-220001493152-26-018400Section “Summary Compensation Table” · grants of plan-based awards table. Filing ↗machine: t62 · r5 · c7 · span 443542–443549
7Section 07, pay ratio10-K2026-04-130001493152-26-016338Section “CEO Pay Ratio”. As printed: —. Filing ↗
8Section 08, Jill J. AveryDEF 14A2026-04-220001493152-26-018400Section “Director Compensation”. As printed: 184,930. Filing ↗machine: t97 · r1 · c27 · span 703819–703826
9Section 08, Margaret SeifDEF 14A2026-04-220001493152-26-018400Section “Director Compensation”. As printed: 162,555. Filing ↗machine: t97 · r3 · c27 · span 706339–706346
10Section 08, Paul V. Walsh, JrDEF 14A2026-04-220001493152-26-018400Section “Director Compensation”. As printed: 161,930. Filing ↗machine: t97 · r4 · c27 · span 707593–707600
11Section 08, David NieuwsmaDEF 14A2026-04-220001493152-26-018400Section “Director Compensation”. As printed: 155,555. Filing ↗machine: t97 · r2 · c27 · span 705088–705095
12Section 08, Michael MurrayDEF 14A2026-04-220001493152-26-018400Section “Director Compensation”. As printed: 0. Filing ↗
13Section 02, Paul Baker 2026-04-28Form 42026-04-290001493152-26-019551Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Paul Baker 2026-05-05Form 42026-05-060001493152-26-021515Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Paul Baker 2026-05-06Form 42026-05-080001493152-26-021871Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Jill J. Avery 2026-06-10Form 42026-06-120001493152-26-028515Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Paul V. Walsh, Jr 2026-06-10Form 42026-06-120001493152-26-028523Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, David Nieuwsma 2026-06-10Form 42026-06-120001493152-26-028517Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Margaret Seif 2026-06-10Form 42026-06-120001493152-26-028511Insider equity transaction reported since the proxy statement. Filing ↗
20Section 06, 2026 voteForm 8-K2026-05-280001493152-26-025591Item 5.07 · say-on-pay result. As reported: 98.33% (votes for as printed: 68,891,995). Filing ↗
21Section 06, 2025 voteForm 8-K2025-06-300001641172-25-017172Item 5.07 · say-on-pay result. As reported: 94.34% (votes for as printed: 58,245,255). Filing ↗
22Section 06, 2024 voteForm 8-K2024-06-110001493152-24-023486Item 5.07 · say-on-pay result. As reported: 71.62% (votes for as printed: 26,650,929). Filing ↗
23Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
24Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
25Section 09b board cost (computed)ComputedcomputedCash 254,750 + equity 410,220 + all other 0 = 664,970, summed across the director compensation table rows.machine: formula: Σ = 664,970
26Immersion Corp, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104463CEO total compensation as printed in Immersion Corp's own proxy. As printed: 12,293,260. Filing ↗
27CEVA Inc, Section 10b CEO totalDEF 14A2026-04-200001437749-26-012845CEO total compensation as printed in CEVA Inc's own proxy. As printed: 4,691,010. Filing ↗machine: t104 · r1 · c33 · span 536853–536862
28Aehr Test Systems, Section 10b CEO totalDEF 14A2025-09-100001654954-25-010620CEO total compensation as printed in Aehr Test Systems's own proxy. As printed: 3,426,204. Filing ↗machine: r3 · c24 · span 428708–428717
29Ouster, Section 10b CEO totalDEF 14A2026-04-280001140361-26-017433CEO total compensation as printed in Ouster's own proxy. As printed: 3,363,100. Filing ↗machine: r2 · c21 · span 449053–449062
30Everspin Technologies, Section 10b CEO totalDEF 14A2026-04-070001628280-26-024076CEO total compensation as printed in Everspin Technologies's own proxy. As printed: 2,586,384. Filing ↗machine: span 337469–337478
31Innovation Solutions and Support, Section 10b CEO totalDEF 14A2026-03-130001104659-26-027765CEO total compensation as printed in Innovation Solutions and Support's own proxy. As printed: 2,506,043. Filing ↗machine: r1 · c47 · span 412417–412426
32Digimarc, Section 10b CEO totalDEF 14A2026-03-240001437749-26-009586CEO total compensation as printed in Digimarc's own proxy. As printed: 2,449,771. Filing ↗machine: span 797567–797576
33Kopin (subject), Section 10b CEO totalDEF 14A2026-04-220001493152-26-018400CEO total compensation as printed in Kopin's own proxy. As printed: 2,257,423. Filing ↗machine: span 438656–438665
34Arteris, Section 10b CEO totalDEF 14A2026-04-210001193125-26-166706CEO total compensation as printed in Arteris's own proxy. As printed: 2,166,523. Filing ↗machine: r2 · c31 · span 244035–244044
35GSI Technology, Section 10b CEO totalDEF 14A2026-07-160001104659-26-084241CEO total compensation as printed in GSI Technology's own proxy. As printed: 1,989,770. Filing ↗machine: r1 · c35 · span 406094–406103
36Clearfield, Section 10b CEO totalDEF 14A2026-01-150001171843-26-000288CEO total compensation as printed in Clearfield's own proxy. As printed: 1,613,404. Filing ↗machine: t49 · r1 · c8 · span 425387–425396
37KVH Industries, Section 10b CEO totalDEF 14A2026-04-280001104659-26-050409CEO total compensation as printed in KVH Industries's own proxy. As printed: 1,461,335. Filing ↗machine: r1 · c25 · span 311345–311354
38Quicklogic, Section 10b CEO totalDEF 14A2026-03-270001437749-26-010092CEO total compensation as printed in Quicklogic's own proxy. As printed: 1,196,495. Filing ↗machine: span 283569–283578
39InTEST Corporation, Section 10b CEO totalDEF 14A2026-04-280001036262-26-000024CEO total compensation as printed in InTEST Corporation's own proxy. As printed: 1,099,010. Filing ↗machine: t46 · r2 · c22 · span 384281–384290
40Magnachip Semiconductor, Section 10b CEO totalDEF 14A2026-04-300001193125-26-197484CEO total compensation as printed in Magnachip Semiconductor's own proxy. As printed: 930,185. Filing ↗machine: t27 · r2 · c33 · span 825175–825182
41Pixelworks Inc, Section 10b CEO totalDEF 14A2026-04-170001040161-26-000024CEO total compensation as printed in Pixelworks Inc's own proxy. As printed: 909,587. Filing ↗machine: span 418195–418202
42Amtech Systems, Section 10b CEO totalDEF 14A2026-01-230001193125-26-020762CEO total compensation as printed in Amtech Systems's own proxy. As printed: 723,580. Filing ↗machine: t7 · r3 · c26 · span 258228–258235
43LightPath Technologies, Section 10b CEO totalDEF 14A2025-10-280001654954-25-012292CEO total compensation as printed in LightPath Technologies's own proxy. As printed: 692,875. Filing ↗machine: t54 · r5 · c29 · span 316871–316878
44Section 10a, Magnachip Semiconductor reciprocityDEF 14A0001193125-26-197484Magnachip Semiconductor's most recent proxy was read; its disclosed peer group does not include Kopin. Filing ↗
45Section 10a, GSI Technology reciprocityDEF 14A0001104659-26-084241GSI Technology names Kopin in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Digimarc reciprocityDEF 14A0001437749-24-013039Digimarc's most recent proxy was read; its disclosed peer group does not include Kopin. Filing ↗
47Section 10a, CEVA Inc reciprocityDEF 14A0001437749-26-012845CEVA Inc's most recent proxy was read; its disclosed peer group does not include Kopin. Filing ↗
48Section 10a, Quicklogic reciprocityDEF 14A0001437749-26-010092Quicklogic names Kopin in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Clearfield reciprocityDEF 14A0001171843-26-000288Clearfield's most recent proxy was read; its disclosed peer group does not include Kopin. Filing ↗