Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-06-12

KULR Technology Group (KULR)

Fiscal year 2024 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.

$475,239
Michael Mo total, FY2024
CEO pay percentile vs peers
CEO-to-median pay ratio
99.01%
Say-on-pay support, latest vote
Companies that benchmark against KULR
No companies currently name KULR as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Michael Mo$272,196$100,000$103,043$0$0$0$0$475,239
Chief Executive Officer
Shawn Canter250,00145,00000000295,001
Chief Financial Officer
Keith Cochran186,6580000099,551286,209
Former Chief Operating Officer
William Walker228,27050,00000000278,270
Chief Technology 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.

Three-year trend — total compensation per named executive

Named executive officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Michael Mo$475,239$333,649$1,749,159+141,590
Shawn Canter295,0011,568,369−1,273,368
Keith Cochran286,2091,605,563
William Walker278,270489,703472,250−211,433

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 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Aron SchwartzDirector2025-11-24A13,130$0$0CommonForm 4 ↗
Dr. Joanna MasseyDirector2025-11-24A13,13000CommonForm 4 ↗
Jay Koichi YamamotoGeneral Counsel & Secretary2025-11-24A187,50000CommonForm 4 ↗
Donna H. GrierDirector2025-11-24A13,13000CommonForm 4 ↗
Jay Koichi YamamotoGeneral Counsel & Secretary2025-12-06D9,493437,307CommonForm 4 ↗
Michael MoDirector2026-01-21D31,557393,409CommonForm 4 ↗
Shawn CanterDirector2026-01-21D16,170467,591CommonForm 4 ↗
Michael MoDirector2026-01-21D20,156484,252CommonForm 4 ↗
William WalkerChief Technology Officer2026-01-21D9,020437,704CommonForm 4 ↗
Shawn CanterDirector2026-04-15D19,369242,031CommonForm 4 ↗
Jay Koichi YamamotoGeneral Counsel & Secretary2026-06-11D9,507436,317CommonForm 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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael MoRSU$103,043
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Mo$103,043$0$00.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William WalkerOption852,51411.92
Shawn CanterRSU150,0004,260,000
William WalkerRSU39,0631,109,375
Michael MoRSU129,5293,678,617
05

Incentive-plan design — the Compensation Discussion & Analysis

We believe that our compensation policies for the Named Executive Officers are designed to attract, motivate and retain talented executive officers and are aligned with the long-term interests of the Company's shareholders.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policyTrue
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-11-21106,986,5531,072,357177,87399.01%Passed
20242024-11-22113,102,4272,494,311556,36597.84%Passed
20232023-11-2848,731,5891,656,834463,46196.71%Passed
20222022-11-1746,598,781633,098106,27298.66%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
20252025-11-2199.01%a
20242024-11-2297.84%b
20232023-11-2896.71%c

a. Approved under the standard stated in the filing — “An abstention will not be counted for or against the proposals, and therefore will not affect the vote outcome.”.

b. Approved under the standard stated in the filing — “An abstention will not be counted for or against the proposals, and therefore will not affect the vote outcome.”.

c. Approved under the standard stated in the filing — “An abstention will not be counted for or against the proposals, and therefore will not affect the vote outcome.”.

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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Dr. Joanna MasseyIndependent · Lead Independent Director · Audit · Compensation · Nominating/Governance (Chair)$150,000$0$0$0$0$150,000
Donna H. GrierIndependent · Audit (Chair) · Compensation · Nominating/Governance70,000000070,000
Aron SchwartzIndependent · Audit · Compensation (Chair) · Nominating/Governance · Partial-year service · Newly elected000000
Michael MoEmployee director · Board Chair00000
Shawn CanterEmployee director · Partial-year service · Newly elected00000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$220,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$220,000

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

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
1KULR Technology Group2024Michael Mo$272,196$103,043$0$0$475,239

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.

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 MoDEF 14A2025-10-060001104659-25-096890Section “Summary Compensation Table” · page 23. As printed: 475,239. Filing ↗machine: t131 · r1 · c26 · span 275557–275564
2Section 01, Shawn CanterDEF 14A2025-10-060001104659-25-096890Section “Summary Compensation Table” · page 23. As printed: 295,001. Filing ↗machine: t131 · r3 · c26 · span 280067–280074
3Section 01, Keith CochranDEF 14A2025-10-060001104659-25-096890Section “Summary Compensation Table” · page 23. As printed: 286,209. Filing ↗machine: t131 · r7 · c26 · span 289290–289297
4Section 01, William WalkerDEF 14A2025-10-060001104659-25-096890Section “Summary Compensation Table” · page 23. As printed: 278,270. Filing ↗machine: t131 · r5 · c26 · span 284678–284685
5Section 03, Michael Mo RSUDEF 14A2025-10-060001104659-25-096890Section “EXECUTIVE COMPENSATION &” · grants of plan-based awards table. Filing ↗machine: t131 · r1 · c14 · span 274501–274508
6Section 08, Dr. Joanna MasseyDEF 14A2025-10-060001104659-25-096890Section “Director Compensation”. As printed: 150,000. Filing ↗
7Section 08, Donna H. GrierDEF 14A2025-10-060001104659-25-096890Section “Director Compensation”. As printed: 70,000. Filing ↗machine: span 282399–282405
8Section 08, Aron SchwartzDEF 14A2025-10-060001104659-25-096890Section “Director Compensation”. As printed: 0. Filing ↗
9Section 08, Michael MoDEF 14A2025-10-060001104659-25-096890Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, Shawn CanterDEF 14A2025-10-060001104659-25-096890Section “Director Compensation”. As printed: 0. Filing ↗
11Section 02, Aron Schwartz 2025-11-24Form 42025-11-260001104659-25-116477Insider equity transaction reported since the proxy statement. Filing ↗
12Section 02, Dr. Joanna Massey 2025-11-24Form 42025-11-260001104659-25-116481Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Jay Koichi Yamamoto 2025-11-24Form 42025-11-260001104659-25-116480Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Donna H. Grier 2025-11-24Form 42025-11-260001104659-25-116479Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Jay Koichi Yamamoto 2025-12-06Form 42025-12-090001104659-25-119800Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Michael Mo 2026-01-21Form 42026-01-260001104659-26-006745Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, Shawn Canter 2026-01-21Form 42026-01-230001104659-26-006340Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Michael Mo 2026-01-21Form 42026-01-260001104659-26-006745Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, William Walker 2026-01-21Form 42026-01-230001104659-26-006341Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Shawn Canter 2026-04-15Form 42026-04-170001104659-26-045079Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Jay Koichi Yamamoto 2026-06-11Form 42026-06-120001104659-26-073665Insider equity transaction reported since the proxy statement. Filing ↗
22Section 06, 2025 voteForm 8-K2025-11-260001104659-25-116483Item 5.07 · say-on-pay result. As reported: 99.01% (votes for as printed: 106,986,553). Filing ↗
23Section 06, 2024 voteForm 8-K2024-11-270001104659-24-123759Item 5.07 · say-on-pay result. As reported: 97.84% (votes for as printed: 113,102,427). Filing ↗
24Section 06, 2023 voteForm 8-K2023-11-280001104659-23-121659Item 5.07 · say-on-pay result. As reported: 96.71% (votes for as printed: 48,731,589). Filing ↗
25Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
26Section 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
27Section 09b board cost (computed)ComputedcomputedCash 220,000 + equity 0 + all other 0 = 220,000, summed across the director compensation table rows.machine: formula: Σ = 220,000
28KULR Technology Group (subject), Section 10b CEO totalDEF 14A2025-10-060001104659-25-096890CEO total compensation as printed in KULR Technology Group's own proxy. As printed: 475,239. Filing ↗machine: t131 · r1 · c26 · span 275557–275564