Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-03-13

Luminar Technologies (LAZR)

Former CEO Austin Russell was paid $497,253 in fiscal year 2024, ↓ down 32.3% from fiscal year 2023, the 1st percentile of its disclosed peer group (SEC filing 0001628280-25-029810 ↗): 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.

$4,925,096
Thomas Fennimore total, FY2024
Chief Financial Officer — highest-paid officer; CEO Austin Russell: $497,253
1st
CEO (Austin Russell) pay percentile vs peers
—
CEO-to-median pay ratio
6.44%
Say-on-pay support, latest vote

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01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Thomas Fennimore$300,000$3,125,100$1,499,996$0$0$0$0$4,925,096
Chief Financial Officer
Alan Prescott300,0001,850,0001,754,09800003,904,098
Former Chief Legal Officer and Secretary
Austin Russell000000497,253497,253
Former President and Chief Executive 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 FY2023→2024
Thomas Fennimore$4,925,096$2,843,142—↑ +2,081,954
Alan Prescott3,904,0982,131,097—↑ +1,773,001
Austin Russell497,253734,499—↓ −237,246

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

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Companies that benchmark against LAZR
4 companies name LAZR as a compensation peer

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Alan PrescottExecutive$3,904,098
Austin RussellCEO$497,253
Thomas FennimoreCFO$4,925,096
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
Alec E. GoresIndependent Director$243,638
Daniel D. TempestaIndependent Director$257,530
Dominick SchianoIndependent Director$499,387
Jun Hong HengFormer director (through FY2024)$264,745
Katharine A. MartinIndependent Director$268,638
Mary Lou JepsenIndependent Director$263,638
Matthew J. SimonciniLead Independent Director$280,030
Paul RicciDirector—
Shaun MaguireIndependent Director$247,245
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
Mary Lou JepsenDirector2025-07-03A61,576$0$0CommonForm 4 ↗
Daniel D. TempestaDirector2025-07-03A61,57600CommonForm 4 ↗
Dominick SchianoDirector2025-07-03A61,57600CommonForm 4 ↗
Katharine A. MartinDirector2025-07-03A61,57600CommonForm 4 ↗
Matthew J. SimonciniDirector2025-07-03A61,57600CommonForm 4 ↗
Shaun MaguireDirector2025-07-03A61,57600CommonForm 4 ↗
AEG Holdings, LLCDirector2025-07-03A61,57600CommonForm 4 ↗
Austin RussellDirector2025-07-03A61,57600CommonForm 4 ↗
Paul RicciDirector2025-07-28D239,1933794,121CommonForm 4 ↗
Paul RicciDirector2025-07-28A2,109,54600CommonForm 4 ↗
Paul RicciDirector2025-12-05D69,431164,543CommonForm 4 ↗
Dominick SchianoDirector2026-03-10D266015CommonForm 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
Thomas FennimoreRSU2024-12-05——183,598—$1,499,996
Alan PrescottPRSU2024-12-12—55,000——254,102
Alan PrescottRSU2024-12-05——183,598—1,500,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Thomas Fennimore$1,499,996$0$00.0%
Alan Prescott1,500,000000.0%

% 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
Austin RussellRSU720,000—$3,873,600
Alan PrescottRSU55,000—295,900
Thomas FennimoreRSU33,333—179,332
Thomas FennimoreRSU15,180—81,668
05

Incentive-plan design — the Compensation Discussion & Analysis

The company's compensation program is designed to attract and retain highly qualified executives, with a strong focus on pay-for-performance. Compensation is structured to align executive interests with long-term stockholder value through equity awards and to reward the achievement of specific operational and financial goals.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantnot disclosed
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-07-033,544,01851,497,754135,7676.44%Failed
20232023-06-07997,218,44130,002,221484,35297.03%Passed
20222022-06-071,010,271,6953,152,237343,08799.69%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
20252025-07-036.44%a
20232023-06-0797.03%b
20222022-06-0799.69%c

a. Approved under the standard stated in the filing — “Abstentions have no effect on Proposals One, Two, Three, Four or Five.”.

b. Approved under the standard stated in the filing — “Abstentions have no effect on Proposal One, Two or Three.”.

c. Approved under the standard stated in the filing — “Abstentions have no effect on Proposal One, Two, Three, Four or Five.”.

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
Dominick SchianoIndependent · Audit · Partial-year service$12,500$486,887$0$0$0$499,387
Matthew J. SimonciniIndependent · Lead Independent Director · Audit · Compensation & Human Capital Management87,785192,245000280,030
Katharine A. MartinIndependent · Compensation & Human Capital Management (Chair) · Nominating & ESG76,393192,245000268,638
Jun Hong HengIndependent · Departed during FY72,500192,245000264,745
Mary Lou JepsenIndependent · Compensation & Human Capital Management · Nominating & ESG (Chair)71,393192,245000263,638
Daniel D. TempestaIndependent · Audit (Chair)65,285192,245000257,530
Shaun MaguireIndependent · Nominating & ESG55,000192,245000247,245
Alec E. GoresIndependent · ESG51,393192,245000243,638
Paul RicciEmployee director · ESG · Partial-year service000000
Austin RussellEmployee director · ESG · Departed during FY000000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$492,249
Equity awards (grant-date value)$1,832,602
All other compensation$0
Total cost of the board$2,324,851

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
1Luminar Technologies2024Austin Russell$0$0$0$0$497,253

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.

10d

Frequently asked questions

Who was the highest-paid executive at Luminar Technologies in fiscal 2024?
As disclosed, Thomas Fennimore (Chief Financial Officer) was the highest-paid executive at Luminar Technologies in fiscal 2024, with total compensation of $4,925,096.
How does Luminar Technologies's chief executive pay compare to its disclosed peer group?
As disclosed, Austin Russell's total compensation ranked at the 1st percentile of Luminar Technologies's disclosed peer group.
How did shareholders vote on Luminar Technologies's executive compensation?
As disclosed, 6.44% of shareholders supported Luminar Technologies's executive compensation in the latest say-on-pay vote.
How much does Luminar Technologies spend in total on board compensation for fiscal 2024?
As disclosed, Luminar Technologies reported total board compensation of $2,324,851 for fiscal 2024.

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.

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, Thomas FennimoreDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation”. As printed: 4,925,096. Filing ↗machine: r7 · c42 · span 378254–378263
2Section 01, Alan PrescottDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation”. As printed: 3,904,098. Filing ↗machine: r11 · c42 · span 385862–385871
3Section 01, Austin RussellDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation”. As printed: 497,253. Filing ↗machine: span 370514–370521
4Section 03, Thomas Fennimore RSUDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 377040–377049
5Section 03, Alan Prescott PRSUDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 398129–398137
6Section 03, Alan Prescott RSUDEF 14A2025-06-060001628280-25-029810Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 08, Dominick SchianoDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 499,387. Filing ↗machine: span 261898–262135
8Section 08, Matthew J. SimonciniDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 280,030. Filing ↗machine: span 252933–253170
9Section 08, Katharine A. MartinDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 268,638. Filing ↗machine: span 256462–256699
10Section 08, Jun Hong HengDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 264,745. Filing ↗machine: span 258224–258461
11Section 08, Mary Lou JepsenDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 263,638. Filing ↗machine: span 254698–254935
12Section 08, Daniel D. TempestaDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 257,530. Filing ↗machine: span 263661–263898
13Section 08, Shaun MaguireDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 247,245. Filing ↗machine: span 259976–260213
14Section 08, Alec E. GoresDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 243,638. Filing ↗machine: span 251252–251379
15Section 08, Paul RicciDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, Austin RussellDEF 14A2025-06-060001628280-25-029810Section “Director Compensation”. As printed: 0. Filing ↗
17Section 02, Mary Lou Jepsen 2025-07-03Form 42025-07-080000950170-25-094675Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Daniel D. Tempesta 2025-07-03Form 42025-07-080000950170-25-094676Insider equity transaction reported since the proxy statement. Filing ↗
19Section 02, Dominick Schiano 2025-07-03Form 42025-07-080000950170-25-094678Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Katharine A. Martin 2025-07-03Form 42025-07-080000950170-25-094679Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Matthew J. Simoncini 2025-07-03Form 42025-07-080000950170-25-094677Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Shaun Maguire 2025-07-03Form 42025-07-080000950170-25-094680Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, AEG Holdings, LLC 2025-07-03Form 42025-07-080000950170-25-094681Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Austin Russell 2025-07-03Form 42025-07-080000950170-25-094700Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Paul Ricci 2025-07-28Form 42025-07-290000950170-25-099846Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Paul Ricci 2025-07-28Form 42025-07-290000950170-25-099846Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Paul Ricci 2025-12-05Form 42025-12-090001193125-25-313191Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Dominick Schiano 2026-03-10Form 42026-03-130001140361-26-009440Insider equity transaction reported since the proxy statement. Filing ↗
29Section 06, 2025 voteForm 8-K2025-07-080001628280-25-034521Item 5.07 · say-on-pay result. As reported: 6.44% (votes for as printed: 3,544,018). Filing ↗
30Section 06, 2023 voteForm 8-K2023-06-090001628280-23-021717Item 5.07 · say-on-pay result. As reported: 97.03% (votes for as printed: 997,218,441). Filing ↗
31Section 06, 2022 voteForm 8-K2022-06-080001628280-22-016598Item 5.07 · say-on-pay result. As reported: 99.69%. Filing ↗
32Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
33Section 03b vehicle mix (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
34Section 09b board cost (computed)Computed——Cash 492,249 + equity 1,832,602 + all other 0 = 2,324,851, summed across the director compensation table rows.machine: formula: Σ = 2,324,851
35Luminar Technologies (subject), Section 10b CEO totalDEF 14A2025-06-060001628280-25-029810CEO total compensation as printed in Luminar Technologies's own proxy. As printed: 497,253. Filing ↗machine: span 370514–370521

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