Companies LiveWire Group, Inc.
LiveWire (LVWR): executive pay, fiscal 2025
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CEO pay, last three years
- $3,029,332FY2024
- $2,909,752FY2025
CEO total pay was $2,909,752 in fiscal 2025, down from $3,029,332 in fiscal 2024.
FY2025: salary $600,000 · bonus $0 · stock awards $1,800,001 · option awards $0
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 |
|---|---|---|---|---|---|---|---|---|
| Karim Donnez | $600,000 | $0 | $1,800,001 | $0 | $480,001 | $0 | $29,750 | $2,909,752 |
| Chief Executive Officer | ||||||||
| Tralisa Maraj | 214,712 | 0 | 462,001 | 0 | 0 | 0 | 8,996 | 685,709 |
| Former Chief Financial Officer | ||||||||
| Ryan Ragland | 300,000 | 0 | 285,004 | 0 | 96,001 | 0 | 0 | 681,005 |
| Head of Product Development & Design | ||||||||
| Allen Gerrard | 300,866 | 0 | 225,000 | 0 | 100,801 | 0 | 25,822 | 652,489 |
| General Counsel & Board 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 | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Karim Donnez | $2,909,752 | $3,029,332 | — | ↓ −119,580 |
| Tralisa Maraj | 685,709 | 1,164,399 | — | ↓ −478,690 |
| Ryan Ragland | 681,005 | 541,723 | — | ↑ +139,282 |
| Allen Gerrard | 652,489 | — | — | — |
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 attract, retain, and motivate executive officers by providing a competitive mix of base salary, short-term cash incentives tied to company performance, and long-term equity awards that align executive interests with stockholders. The Human Resources Committee oversees the implementation of this philosophy, utilizing independent compensation consultants to benchmark against market data.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners LLC |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Allen Gerrard | RSU | 98,146 | — | $433,805 |
| Ryan Ragland | RSU | 130,621 | — | 577,345 |
| Karim Donnez | RSU | 989,120 | — | 4,371,910 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John GarciaIndependent · Departed during FY | $95,500 | $125,001 | — | — | $0 | $220,501 |
| William CornogIndependent | 80,000 | 125,001 | — | — | 0 | 205,001 |
| Hiromichi MizunoIndependent | 68,000 | 125,001 | — | — | 8,451 | 201,452 |
| Kjell GrunerIndependent | 73,000 | 125,001 | — | — | 0 | 198,001 |
Board fee structure and ownership guideline
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,000 / 7,500 / 6,500 |
| Stock ownership guideline | $300,000 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $316,500 |
| Equity awards (grant-date value) | $500,004 |
| All other compensation | $8,451 |
| Total cost of the board | $824,955 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names LiveWire as a peer
Companies that benchmark against LVWR
2 companies name LVWR as a compensation peer
- QuantumScape CorpQSFY2025
Each company listed discloses LVWR 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 LVWR 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 | LiveWire Group, Inc. | 2025 | Karim Donnez | $600,000 | $1,800,001 | $0 | $480,001 | $2,909,752 |
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 (11 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, Karim Donnez. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 2,909,752. View filing ↗
- Section 01, Tralisa Maraj. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 685,709. View filing ↗
- Section 01, Ryan Ragland. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 681,005. View filing ↗
- Section 01, Allen Gerrard. DEF 14A, filed 2026-04-09. Section “Executive Compensation”. As printed: 652,489. View filing ↗
- Section 08, John Garcia. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 220,501. View filing ↗
- Section 08, William Cornog. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 205,001. View filing ↗
- Section 08, Hiromichi Mizuno. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 201,452. View filing ↗
- Section 08, Kjell Gruner. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 198,001. 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 316,500 + equity 500,004 + all other 8,451 = 824,955, summed across the director compensation table rows.
- LiveWire Group, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in LiveWire Group, Inc.'s own proxy. As printed: 2,909,752. View filing ↗