Companies KORE Group Holdings, Inc.
KORE (KORE): executive pay, fiscal 2024
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CEO pay, last three years
- $1,580,730FY2024
CEO total pay was $1,580,730 in fiscal 2024; the brief holds no earlier figure for this CEO.
FY2024: salary $466,732 · bonus $225,000 · stock awards $0 · option awards $0
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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 |
|---|---|---|---|---|---|---|---|---|
| Ronald Totton | $466,732 | $225,000 | $0 | $0 | $860,500 | $0 | $28,498 | $1,580,730 |
| President and Chief Executive Officer | ||||||||
| Jason Dietrich | 387,040 | 300,000 | 105,994 | 0 | 0 | 0 | 30,805 | 823,839 |
| Former Executive Vice President and Chief Revenue Officer | ||||||||
| Romil Bahl | 244,231 | 98,438 | 0 | 0 | 0 | 0 | 251,365 | 594,034 |
| Former President and Chief Executive Officer | ||||||||
| Bryan Lubel | 320,565 | 140,000 | 105,994 | 0 | 0 | 0 | 8,966 | 575,525 |
| Former Executive Vice President and General Manager, Global Industries | ||||||||
| Jack Kennedy Jr. | 348,357 | 78,750 | 90,852 | 0 | 0 | 0 | 31,697 | 549,656 |
| Executive Vice President, Chief Legal 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 |
|---|---|---|---|---|
| Ronald Totton | $1,580,730 | — | — | — |
| Jason Dietrich | 823,839 | 968,747 | — | ↓ −144,908 |
| Romil Bahl | 594,034 | 3,816,884 | — | ↓ −3,222,850 |
| Bryan Lubel | 575,525 | 794,941 | — | ↓ −219,416 |
| Jack Kennedy Jr. | 549,656 | — | — | — |
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
The Company's compensation program is designed to reward the achievement of corporate performance objectives through performance-based annual cash bonuses and long-term equity incentives. Base salary provides a fixed component reflecting the executive's skill set, experience, role, and responsibilities, while variable compensation aligns executive interests with stockholder value creation.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2024
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Jack Kennedy Jr. | PSU | 7,395 | — | $23,812 |
| Jack Kennedy Jr. | RSU | 8,568 | — | 27,589 |
| Jack Kennedy Jr. | RSU | 10,378 | — | 33,417 |
| Jack Kennedy Jr. | PSU | 15,567 | — | 50,126 |
| Jack Kennedy Jr. | RSU | 24,000 | — | 77,280 |
| Ronald Totton | RSU | 50,000 | — | 161,000 |
| Jason Dietrich | RSU | 108,346 | — | 348,874 |
| Romil Bahl | PSU | 177,913 | — | 572,880 |
| Ronald Totton | RSU | 200,000 | — | 644,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Timothy M. DonahueIndependent · Board Chair | $90,000 | $150,000 | — | — | — | $240,000 |
| Cheemin Bo-LinnIndependent · Lead Independent Director · Audit (Chair) · Nominating and Corporate Governance | 80,000 | 150,000 | — | — | — | 230,000 |
| H. Paulett EberhartIndependent · Audit · Nominating and Corporate Governance | 60,000 | 150,000 | — | — | — | 210,000 |
| James GeislerIndependent · Audit | 60,000 | 150,000 | — | — | — | 210,000 |
| Michael K. PalmerIndependent · Compensation | 0 | 0 | 0 | — | 0 | — |
| Robert P. MacInnisIndependent · Compensation · Nominating and Corporate Governance (Chair) | 0 | 0 | 0 | — | 0 | — |
| Andrew FreyIndependent · Compensation (Chair) · Newly elected | 0 | 0 | 0 | — | 0 | — |
| David FullerIndependent · Nominating and Corporate Governance | 0 | 0 | 0 | — | 0 | — |
| Jay M. GrossmanIndependent · Compensation | 0 | 0 | 0 | — | 0 | — |
Board fee structure and ownership guideline
| Annual cash retainer | $40,000 |
|---|---|
| Annual equity retainer | $150,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 20,000 / 20,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2024 |
|---|---|
| Cash retainers and fees | $290,000 |
| Equity awards (grant-date value) | $600,000 |
| All other compensation | $0 |
| Total cost of the board | $890,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names KORE as a peer
Companies that benchmark against KORE
1 company names KORE as a compensation peer
- ATN International, Inc.ATNIFY2025
- Spok Holdings, IncSPOKFY2025
Each company listed discloses KORE 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 KORE 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 | KORE Group Holdings, Inc. | 2024 | Ronald Totton | $466,732 | $0 | $0 | $860,500 | $1,580,730 |
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
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (17 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, Ronald Totton. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 1,580,730. View filing ↗
- Section 01, Jason Dietrich. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 823,839. View filing ↗
- Section 01, Romil Bahl. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 594,034. View filing ↗
- Section 01, Bryan Lubel. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 575,525. View filing ↗
- Section 01, Jack Kennedy Jr.. DEF 14A, filed 2025-04-30. Section “Executive Compensation”. As printed: 549,656. View filing ↗
- Section 08, Timothy M. Donahue. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 240,000. View filing ↗
- Section 08, Cheemin Bo-Linn. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 230,000. View filing ↗
- Section 08, H. Paulett Eberhart. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 210,000. View filing ↗
- Section 08, James Geisler. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: 210,000. View filing ↗
- Section 08, Michael K. Palmer. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Robert P. MacInnis. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Andrew Frey. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, David Fuller. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Jay M. Grossman. DEF 14A, filed 2025-04-30. Section “Director Compensation”. As printed: —. 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 290,000 + equity 600,000 + all other 0 = 890,000, summed across the director compensation table rows.
- KORE Group Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2025-04-30. CEO total compensation as printed in KORE Group Holdings, Inc.'s own proxy. As printed: 1,580,730. View filing ↗