Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-22

Lightwave Logic (LWLG)

CEO Yves LeMaitre was paid $8,614,697 in fiscal year 2025, ↑ up 1274.2% from fiscal year 2024, the 82nd percentile of its disclosed peer group (SEC filing 0001553350-26-000061 ↗): 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.

$8,614,697 ↑
Yves LeMaitre total, FY2025
82nd
CEO pay percentile vs peers
6:1
CEO-to-median pay ratio
78.71%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Yves LeMaitre (CEO), FY2025 total compensation $8,614,697 (base salary $443,939) [exec_comp, SEC accession 0001553350-26-000061, filed 2026-04-10]

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LWLG's next annual pay disclosure, estimated April 10, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Yves LeMaitre$443,939$300,000$7,866,451$0$0$0$4,307$8,614,697
CEO
James Marcelli385,8750284,87848,068003,623722,444
CFO, COO
Thomas Zelibor360,00075,000218,4060003,375656,781
President

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Yves LeMaitre$8,614,697$626,873—↑ +7,987,824
James Marcelli722,444814,5091,108,385↓ −92,065
Thomas Zelibor656,781286,895—↑ +369,886

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 LWLG
2 companies name LWLG as a compensation peer

Each company listed discloses LWLG 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 LWLG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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.

ExecutiveRoleFY2025 total
James MarcelliCFO$722,444
Thomas ZeliborPresident$656,781
Yves LeMaitreCEO$8,614,697
01c

Board of directors

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

DirectorRoleFY2025 total
Craig CieslaIndependent Director$133,375
Laila S. PartridgeIndependent Director$142,250
Ronald A. BucchiChair of the Board$170,750
Siraj Nour El-AhmadiDirector$370,000
Thomas Connelly JrIndependent Director$138,625
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
James MarcelliRSU2025-02-06——307,113—$299,871
Yves LeMaitreRSU2025-09-12——826,617—2,661,707
Thomas ZeliborRSU2025-04-18——235,453—229,901
Yves LeMaitreRSU2025-09-12——1,616,380—5,204,744
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
James Marcelli$299,871$0$00.0%
Yves LeMaitre7,866,451000.0%
Thomas Zelibor229,901000.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Yves LeMaitrePSU2,442,997—$7,915,310
James MarcelliRSU250,000—810,000
Yves LeMaitrePSU4,308—13,958
Yves LeMaitreRSU85,000—0
05

Incentive-plan design — the Compensation Discussion & Analysis

The compensation program is performance-based and designed to attract, retain, and motivate talented executives critical to the advancement of the Company's commercialization roadmap, while aligning the interests of management with those of stockholders through long-term equity incentives. The program aims to be market-based, focus on measurable technical and commercial milestones, and remain affordable within the context of the Company's operating expense model.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC and Aon plc
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-05-2225,303,7455,455,1751,387,24478.71%Passed
20212021-05-2719,016,6621,747,7591,033,47487.24%Passed
20182018-05-1720,611,182246,065575,54598.82%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
20242024-05-2278.71%a
20212021-05-2787.24%b
20182018-05-1798.82%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "against" this proposal, and broker non-votes will have no effect on the vote for this proposal .”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote “against” this proposal, and broker non-votes will have no effect on the vote for this proposal .”.

c. 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.

07

CEO pay ratio

Ratio (CEO : median employee)6 : 1
CEO total compensation—
Median employee compensation$212,019
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Siraj Nour El-AhmadiNot independent$30,000$100,000$0$0$240,000$370,000
Ronald A. BucchiIndependent · Board Chair · Audit (Chair) · Nominating and Corporate Governance70,750100,000000170,750
Laila S. PartridgeIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance42,250100,000000142,250
Thomas Connelly JrIndependent · Compensation · Nominating and Corporate Governance (Chair)38,625100,000000138,625
Craig CieslaIndependent · Audit · Compensation · Nominating and Corporate Governance33,375100,000000133,375
Yves LeMaitreEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$45,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$215,000
Equity awards (grant-date value)$500,000
All other compensation$240,000
Total cost of the board$955,000

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

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Lightwave Logic names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Lightwave Logic.

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
1American Battery Technology Company2026Ryan Melsert$425,000$5,213,916$15,260,540—$21,546,331
2Aeva Technologies, Inc.2025Soroush Salehian Dardashti600,6007,180,000008,792,350
3Lightwave Logic2025Yves LeMaitre443,9397,866,451008,614,697
4SES AI Corporation2024Qichao Hu530,0003,043,220—424,0004,099,946
5Amprius Technologies, Inc.2025Thomas Stepien319,7122,746,000003,354,715
6Frequency Electronics, Inc.2026Thomas McClelland366,8332,629,000003,259,827
7Kopin Corporation2025Michael Murray506,191600,692575,990463,3742,257,423
8AEye, Inc.2025Matthew Fisch500,000344,4700930,0001,864,345
9ASP Isotopes Inc.2024Robert Ainscow310,000658,500001,148,500
10LightPath Technologies, Inc.2025Shmuel Rubin405,50085,7900—692,875
11LanzaTech Global, Inc.2025Jennifer Holmgren630,000000642,559
12NVE Corporation2026Daniel Baker449,918041,02680,353585,775
—Interlink Electronics, Inc.——————not in coverage universe
—Dyadic International, Inc.——————not in coverage universe
—Neonode Inc.——————not in coverage universe
—Optical Cable Corporation——————not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Lightwave Logicnot disclosednot disclosednot disclosedMeridian Compensation Partners, LLC and Aon plc
Aeva Technologies, Inc.not disclosednot disclosedNoSemler Brossy Consulting Group
AEye, Inc.186%RSU 50 · PSU 50NoCompensia, Inc.
American Battery Technology Companynot disclosednot disclosednot disclosednot disclosed
Amprius Technologies, Inc.108% of target for Mr. Stepien and Dr. Sun%RSUs 100not disclosedCompensia
ASP Isotopes Inc.not disclosednot disclosednot disclosednot disclosed
Dyadic International, Inc.not disclosednot disclosednot disclosednot disclosed
Frequency Electronics, Inc.not disclosednot disclosednot disclosedGrant Thornton
Interlink Electronics, Inc.not disclosednot disclosednot disclosednot disclosed
Kopin Corporationnot disclosednot disclosedNoAon plc (Human Capital Solutions practice)
LanzaTech Global, Inc.not disclosednot disclosednot disclosedWillis Towers Watson
LightPath Technologies, Inc.not disclosedRSU 100Nonot disclosed
Neonode Inc.not disclosednot disclosednot disclosednot disclosed
NVE Corporationnot disclosedOption 100not disclosednot disclosed
Optical Cable Corporationnot disclosednot disclosednot disclosednot disclosed
SES AI Corporationnot disclosednot disclosednot disclosedMercer (US) Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Lightwave Logic in fiscal 2025?
As disclosed, Yves LeMaitre (CEO) was the highest-paid executive at Lightwave Logic in fiscal 2025, with total compensation of $8,614,697.
How does Lightwave Logic's chief executive pay compare to its disclosed peer group?
As disclosed, Yves LeMaitre's total compensation ranked at the 82nd percentile of Lightwave Logic's disclosed peer group.
What is Lightwave Logic's CEO-to-median employee pay ratio?
As disclosed, Lightwave Logic's CEO-to-median employee pay ratio was 6:1.
How did shareholders vote on Lightwave Logic's executive compensation?
As disclosed, 78.71% of shareholders supported Lightwave Logic's executive compensation in the latest say-on-pay vote.
How much does Lightwave Logic spend in total on board compensation for fiscal 2025?
As disclosed, Lightwave Logic reported total board compensation of $955,000 for fiscal 2025.

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 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.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Yves LeMaitreDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation”. As printed: 8,614,697. View filing ↗
2Section 01, James MarcelliDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation”. As printed: 722,444. View filing ↗
3Section 01, Thomas ZeliborDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation”. As printed: 656,781. View filing ↗
4Section 03, James Marcelli RSUDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
5Section 03, Yves LeMaitre RSUDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
6Section 03, Thomas Zelibor RSUDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
7Section 03, Yves LeMaitre RSUDEF 14A2026-04-100001553350-26-000061Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
8Section 07, pay ratioDEF 14A2024-04-110001079973-24-000528Section “CEO Pay Ratio”. As printed: 6 : 1. View filing ↗
9Section 08, Siraj Nour El-AhmadiDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 370,000. View filing ↗
10Section 08, Ronald A. BucchiDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 170,750. View filing ↗
11Section 08, Laila S. PartridgeDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 142,250. View filing ↗
12Section 08, Thomas Connelly JrDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 138,625. View filing ↗
13Section 08, Craig CieslaDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 133,375. View filing ↗
14Section 08, Yves LeMaitreDEF 14A2026-04-100001553350-26-000061Section “Director Compensation”. As printed: 0. View filing ↗
15Section 06, 2024 voteForm 8-K2024-05-240001079973-24-000811Item 5.07 · say-on-pay result. As reported: 78.71% (votes for as printed: 25,303,745). View filing ↗
16Section 06, 2021 voteForm 8-K2021-06-010001553350-21-000489Item 5.07 · say-on-pay result. As reported: 87.24% (votes for as printed: 19,016,662). View filing ↗
17Section 06, 2018 voteForm 8-K2018-05-220001553350-18-000615Item 5.07 · say-on-pay result. As reported: 98.82% (votes for as printed: 20,611,182). View filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.
19Section 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).
20Section 09b board cost (computed)Computed——Cash 215,000 + equity 500,000 + all other 240,000 = 955,000, summed across the director compensation table rows.
21American Battery Technology Company, Section 10b CEO totalDEF 14A2026-09-220001493152-26-043609CEO total compensation as printed in American Battery Technology Company's own proxy. As printed: 21,546,331. View filing ↗
22Aeva Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-290001140361-26-017859CEO total compensation as printed in Aeva Technologies, Inc.'s own proxy. As printed: 8,792,350. View filing ↗
23Lightwave Logic (subject), Section 10b CEO totalDEF 14A2026-04-100001553350-26-000061CEO total compensation as printed in Lightwave Logic's own proxy. As printed: 8,614,697. View filing ↗
24SES AI Corporation, Section 10b CEO totalDEF 14A2025-09-090001819142-25-000059CEO total compensation as printed in SES AI Corporation's own proxy. As printed: 4,099,946. View filing ↗
25Amprius Technologies, Inc., Section 10b CEO totalDEF 14A2026-04-290001899287-26-000026CEO total compensation as printed in Amprius Technologies, Inc.'s own proxy. As printed: 3,354,715. View filing ↗
26Frequency Electronics, Inc., Section 10b CEO totalDEF 14A2026-08-280001185185-26-003746CEO total compensation as printed in Frequency Electronics, Inc.'s own proxy. As printed: 3,259,827. View filing ↗
27Kopin Corporation, Section 10b CEO totalDEF 14A2026-04-220001493152-26-018400CEO total compensation as printed in Kopin Corporation's own proxy. As printed: 2,257,423. View filing ↗
28AEye, Inc., Section 10b CEO totalDEF 14A2026-03-300001104659-26-036805CEO total compensation as printed in AEye, Inc.'s own proxy. As printed: 1,864,345. View filing ↗
29ASP Isotopes Inc., Section 10b CEO totalDEF 14A2025-11-250001477932-25-008604CEO total compensation as printed in ASP Isotopes Inc.'s own proxy. As printed: 1,148,500. View filing ↗
30LightPath Technologies, Inc., Section 10b CEO totalDEF 14A2025-10-280001654954-25-012292CEO total compensation as printed in LightPath Technologies, Inc.'s own proxy. As printed: 692,875. View filing ↗
31LanzaTech Global, Inc., Section 10b CEO totalDEF 14A2026-04-290001539497-26-001238CEO total compensation as printed in LanzaTech Global, Inc.'s own proxy. As printed: 642,559. View filing ↗
32NVE Corporation, Section 10b CEO totalDEF 14A2026-06-220001376474-26-000455CEO total compensation as printed in NVE Corporation's own proxy. As printed: 585,775. View filing ↗
33Section 10a, LanzaTech Global, Inc. reciprocityDEF 14A—0001398432-24-000009LanzaTech Global, Inc.'s most recent proxy was read; its disclosed peer group does not include Lightwave Logic. View filing ↗
34Section 10a, LightPath Technologies, Inc. reciprocityDEF 14A—0001654954-22-012961LightPath Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Lightwave Logic. View filing ↗
35Section 10a, Aeva Technologies, Inc. reciprocityDEF 14A—0001140361-22-036105Aeva Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Lightwave Logic. View filing ↗