CEO Stephen Altemus was paid $5,066,113 in fiscal year 2025, ↑ up 1.9% from fiscal year 2024 (SEC filing 0001628280-26-027022 ↗): 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.
$5,066,113 ↑ Stephen Altemus total, FY2025 | — CEO pay percentile vs peers | — CEO-to-median pay ratio | — Say-on-pay support, latest vote |
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LUNR's next annual pay disclosure, estimated April 26, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Stephen Altemus | $732,507 | $512,750 | $3,500,000 | $0 | $306,856 | $0 | $14,000 | $5,066,113 |
| President and Chief Executive Officer | ||||||||
| Peter McGrath | 450,000 | 247,500 | 1,000,000 | 0 | 150,810 | 0 | 14,000 | 1,862,310 |
| Senior Vice President and Chief Financial Officer | ||||||||
| Timothy Crain | 450,026 | 0 | 1,250,000 | 0 | 125,675 | 0 | 14,000 | 1,839,701 |
| Senior Vice President and 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Stephen Altemus | $5,066,113 | $4,973,559 | $714,483 | ↑ +92,554 |
| Peter McGrath | 1,862,310 | 1,562,460 | — | ↑ +299,850 |
| Timothy Crain | 1,839,701 | 2,166,210 | 441,190 | ↓ −326,509 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses LUNR 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 LUNR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Dr. Kamal Ghaffarian | Chair of the Board | $355,000 |
| Michael Blitzer | Independent Director | $295,000 |
| Nicole Seligman | Independent Director | $277,500 |
| Robert L. Masson | Independent Director | $290,000 |
| William J. Liquori | Independent Director | $287,500 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Timothy Crain | RSU | 43,000 | — | $697,890 |
| Stephen Altemus | RSU | 70,000 | — | 1,136,100 |
| Stephen Altemus | RSU | 525,000 | — | 8,520,750 |
| Stephen Altemus | RSU | 190,218 | — | 3,087,238 |
| Timothy Crain | RSU | 187,500 | — | 3,043,125 |
| Peter McGrath | RSU | 150,000 | — | 2,434,500 |
| Peter McGrath | RSU | 125,000 | — | 2,028,750 |
| Timothy Crain | RSU | 67,935 | — | 1,102,585 |
| Peter McGrath | RSU | 54,348 | — | 882,068 |
| Peter McGrath | Option | 27,812 | 1.8 | — |
We compensate our named executive officers with a combination of base salary, cash bonuses, long-term equity incentive awards, and other benefits. Each element is designed to achieve a specific purpose and to contribute to a total package that is competitive with similar packages provided by other like companies.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Exequity LLP |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2023 | 2023-02-08 | — | — | — | — | — |
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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2023 | 2023-02-08 | —a |
a. 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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Dr. Kamal GhaffarianNot independent · Board Chair | $105,000 | $250,000 | — | — | — | $355,000 |
| Michael BlitzerIndependent · Audit · Conflicts · Nominating and Corporate Governance · Strategic Transactions (Chair) · Compensation (Chair) | 95,000 | 200,000 | — | — | — | 295,000 |
| Robert L. MassonIndependent · Audit (Chair) · Conflicts · Strategic Transactions | 90,000 | 200,000 | — | — | — | 290,000 |
| William J. LiquoriIndependent · Audit · Nominating and Corporate Governance · Conflicts | 87,500 | 200,000 | — | — | — | 287,500 |
| Nicole SeligmanIndependent · Nominating and Corporate Governance · Conflicts | 77,500 | 200,000 | — | — | — | 277,500 |
| Stephen AltemusEmployee director · Strategic Transactions | — | — | — | — | — | 0 |
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | $200,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 15,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $455,000 |
| Equity awards (grant-date value) | $1,050,000 |
| All other compensation | $0 |
| Total cost of the board | $1,505,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
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 | Intuitive Machines | 2025 | Stephen Altemus | $732,507 | $3,500,000 | $0 | $306,856 | $5,066,113 |
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.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Stephen Altemus | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Summary Compensation Table” · page 30. As printed: 5,066,113. Filing ↗machine: r2 · c27 · span 357792–357801 |
| 2 | Section 01, Peter McGrath | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Summary Compensation Table” · page 30. As printed: 1,862,310. Filing ↗machine: r6 · c27 · span 365771–365780 |
| 3 | Section 01, Timothy Crain | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Summary Compensation Table” · page 30. As printed: 1,839,701. Filing ↗machine: r4 · c27 · span 361766–361775 |
| 4 | Section 08, Dr. Kamal Ghaffarian | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 355,000. Filing ↗machine: span 276274–276393 |
| 5 | Section 08, Michael Blitzer | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 295,000. Filing ↗machine: span 277236–277355 |
| 6 | Section 08, Robert L. Masson | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 290,000. Filing ↗machine: span 279164–279283 |
| 7 | Section 08, William J. Liquori | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 287,500. Filing ↗machine: span 278201–278320 |
| 8 | Section 08, Nicole Seligman | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 277,500. Filing ↗machine: span 280254–280373 |
| 9 | Section 08, Stephen Altemus | DEF 14A | 2026-04-24 | 0001628280-26-027022 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 10 | Section 06, 2023 vote | Form 8-K | 2023-02-08 | 0001213900-23-009374 | Item 5.07 · say-on-pay result. As reported: —. Filing ↗ |
| 11 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 12 | Section 09b board cost (computed) | Computed | — | — | Cash 455,000 + equity 1,050,000 + all other 0 = 1,505,000, summed across the director compensation table rows.machine: formula: Σ = 1,505,000 |
| 13 | Intuitive Machines (subject), Section 10b CEO total | DEF 14A | 2026-04-24 | 0001628280-26-027022 | CEO total compensation as printed in Intuitive Machines's own proxy. As printed: 5,066,113. Filing ↗machine: r2 · c27 · span 357792–357801 |