Fiscal year 2025 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.
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.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Yves LeMaitre | $443,939 | $300,000 | $7,866,451 | $0 | $0 | $0 | $4,307 | $8,614,697 |
| CEO | ||||||||
| James Marcelli | 385,875 | 0 | 284,878 | 48,068 | 0 | 0 | 3,623 | 722,444 |
| CFO, COO | ||||||||
| Thomas Zelibor | 360,000 | 75,000 | 218,406 | 0 | 0 | 0 | 3,375 | 656,781 |
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Yves LeMaitre | $8,614,697 | $626,873 | — | +7,987,824 |
| James Marcelli | 722,444 | 814,509 | — | −92,065 |
| Thomas Zelibor | 656,781 | 286,895 | — | +369,886 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Yves LeMaitre | RSU | 2025-09-12 | — | — | 1,616,380 | — | $5,204,744 |
| Yves LeMaitre | RSU | 2025-09-12 | — | — | 826,617 | — | 2,661,707 |
| James Marcelli | OPTION | 2025-02-06 | — | — | — | — | 299,871 |
| Thomas Zelibor | RSU | 2025-04-18 | — | — | 235,453 | — | 229,901 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Yves LeMaitre | $7,866,451 | $0 | $0 | 0.0% |
| James Marcelli | 0 | 0 | 299,871 | 0.0% |
| Thomas Zelibor | 229,901 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Yves LeMaitre | PSU | 2,442,997 | — | $7,915,310 |
| James Marcelli | RSU | 250,000 | — | 810,000 |
| Yves LeMaitre | PSU | 4,308 | — | 13,958 |
| Yves LeMaitre | RSU | 85,000 | — | 0 |
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 consultant | Meridian Compensation Partners, LLC and Aon plc |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-05-22 | 25,303,745 | 5,455,175 | 1,387,244 | 82.26% | Passed |
| 2021 | 2021-05-27 | 19,016,662 | 1,747,759 | 1,033,474 | 91.58% | Passed |
| 2018 | 2018-05-17 | 20,611,182 | 246,065 | 575,545 | 98.82% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2024 | 2024-05-22 | 82.26%a |
| 2021 | 2021-05-27 | 91.58%b |
| 2018 | 2018-05-17 | 98.82%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
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.
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| 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 Governance | 70,750 | 100,000 | 0 | 0 | 0 | 170,750 |
| Laila S. PartridgeIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance | 42,250 | 100,000 | 0 | 0 | 0 | 142,250 |
| Thomas Connelly JrIndependent · Compensation · Nominating and Corporate Governance (Chair) | 38,625 | 100,000 | 0 | 0 | 0 | 138,625 |
| Craig CieslaIndependent · Audit · Compensation · Nominating and Corporate Governance | 33,375 | 100,000 | 0 | 0 | 0 | 133,375 |
| Yves LeMaitreEmployee director | — | — | — | — | — | 0 |
| Annual cash retainer | $30,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 12,000 / 10,000 / 6,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| 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.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
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.
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 | Aeva Technologies, Inc. | 2025 | Soroush Salehian Dardashti | $600,600 | $7,180,000 | $0 | $0 | $8,792,350 |
| 2 | Lightwave Logic | 2025 | Yves LeMaitre | 443,939 | 7,866,451 | 0 | 0 | 8,614,697 |
| 3 | SES AI Corporation | 2024 | Qichao Hu | 530,000 | 3,043,220 | 0 | 424,000 | 4,099,946 |
| 4 | Amprius Technologies, Inc. | 2025 | Thomas Stepien | 319,712 | 2,746,000 | 0 | 0 | 3,354,715 |
| 5 | Frequency Electronics, Inc. | 2026 | Thomas McClelland | 366,833 | 2,629,000 | 0 | 0 | 3,259,827 |
| 6 | Kopin Corporation | 2025 | Michael Murray | 506,191 | 600,692 | 575,990 | 463,374 | 2,257,423 |
| 7 | AEye, Inc. | 2025 | Matthew Fisch | 500,000 | 344,470 | 0 | 930,000 | 1,864,345 |
| 8 | American Battery Technology Company | 2025 | Ryan Melsert | 425,000 | 573,997 | 600,000 | 0 | 1,598,997 |
| 9 | ASP Isotopes Inc. | 2024 | Robert Ainscow | 310,000 | 658,500 | 0 | 0 | 1,148,500 |
| 10 | LightPath Technologies, Inc. | 2025 | Shmuel Rubin | 405,500 | 85,790 | 0 | — | 692,875 |
| 11 | LanzaTech Global, Inc. | 2025 | Jennifer Holmgren | 630,000 | 0 | 0 | 0 | 642,559 |
| 12 | NVE Corporation | 2026 | Daniel Baker | 449,918 | 0 | 41,026 | 80,353 | 585,775 |
| — | Neonode Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Dyadic International, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | Optical Cable Corporation | — | — | — | — | — | — | not in coverage universe |
| — | Interlink Electronics, Inc. | — | — | — | — | — | — | 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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Lightwave Logic | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC and Aon plc |
| Aeva Technologies, Inc. | not disclosed | not disclosed | No | Semler Brossy Consulting Group |
| AEye, Inc. | 186% | RSU 50 · PSU 50 | No | Compensia, Inc. |
| American Battery Technology Company | not disclosed | not disclosed | not disclosed | not disclosed |
| Amprius Technologies, Inc. | not disclosed | not disclosed | not disclosed | Compensia |
| ASP Isotopes Inc. | not disclosed | RSU 100 | not disclosed | not disclosed |
| Dyadic International, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Frequency Electronics, Inc. | not disclosed | not disclosed | not disclosed | Grant Thornton |
| Interlink Electronics, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Kopin Corporation | not disclosed | not disclosed | No | Aon plc (Human Capital Solutions practice) |
| LanzaTech Global, Inc. | not disclosed | not disclosed | not disclosed | Willis Towers Watson |
| LightPath Technologies, Inc. | not disclosed | RSU 100 | No | not disclosed |
| Neonode Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| NVE Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Optical Cable Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| SES AI Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
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.
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, Yves LeMaitre | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation”. As printed: 8,614,697. Filing ↗machine: r4 · c27 · span 284937–284946 |
| 2 | Section 01, James Marcelli | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation”. As printed: 722,444. Filing ↗machine: r10 · c27 · span 308464–308471 |
| 3 | Section 01, Thomas Zelibor | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation”. As printed: 656,781. Filing ↗machine: r7 · c27 · span 296465–296472 |
| 4 | Section 03, Yves LeMaitre RSU | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 331038–331047 |
| 5 | Section 03, Yves LeMaitre RSU | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 334327–334336 |
| 6 | Section 03, James Marcelli OPTION | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 347693–347700 |
| 7 | Section 03, Thomas Zelibor RSU | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 341251–341258 |
| 8 | Section 08, Siraj Nour El-Ahmadi | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 370,000. Filing ↗machine: span 467328–467335 |
| 9 | Section 08, Ronald A. Bucchi | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 170,750. Filing ↗machine: span 465637–465644 |
| 10 | Section 08, Laila S. Partridge | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 142,250. Filing ↗machine: span 470692–470699 |
| 11 | Section 08, Thomas Connelly Jr | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 138,625. Filing ↗machine: span 472389–472396 |
| 12 | Section 08, Craig Ciesla | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 133,375. Filing ↗machine: span 469014–469021 |
| 13 | Section 08, Yves LeMaitre | DEF 14A | 2026-04-10 | 0001553350-26-000061 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 14 | Section 06, 2024 vote | Form 8-K | 2024-05-24 | 0001079973-24-000811 | Item 5.07 · say-on-pay result. As reported: 82.26% (votes for as printed: 25,303,745). Filing ↗ |
| 15 | Section 06, 2021 vote | Form 8-K | 2021-06-01 | 0001553350-21-000489 | Item 5.07 · say-on-pay result. As reported: 91.58% (votes for as printed: 19,016,662). Filing ↗ |
| 16 | Section 06, 2018 vote | Form 8-K | 2018-05-22 | 0001553350-18-000615 | Item 5.07 · say-on-pay result. As reported: 98.82% (votes for as printed: 20,611,182). Filing ↗ |
| 17 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 18 | Section 03b vehicle mix (computed) | 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 |
| 19 | Section 09b board cost (computed) | Computed | — | computed | Cash 215,000 + equity 500,000 + all other 240,000 = 955,000, summed across the director compensation table rows.machine: formula: Σ = 955,000 |
| 20 | Aeva Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001140361-26-017859 | CEO total compensation as printed in Aeva Technologies, Inc.'s own proxy. As printed: 8,792,350. Filing ↗machine: t51 · r2 · c18 · span 192879–192888 |
| 21 | Lightwave Logic (subject), Section 10b CEO total | DEF 14A | 2026-04-10 | 0001553350-26-000061 | CEO total compensation as printed in Lightwave Logic's own proxy. As printed: 8,614,697. Filing ↗machine: r4 · c27 · span 284937–284946 |
| 22 | SES AI Corporation, Section 10b CEO total | DEF 14A | 2025-09-09 | 0001819142-25-000059 | CEO total compensation as printed in SES AI Corporation's own proxy. As printed: 4,099,946. Filing ↗ |
| 23 | Amprius Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001899287-26-000026 | CEO total compensation as printed in Amprius Technologies, Inc.'s own proxy. As printed: 3,354,715. Filing ↗machine: r2 · c45 · span 309212–309221 |
| 24 | Frequency Electronics, Inc., Section 10b CEO total | DEF 14A | 2026-08-28 | 0001185185-26-003746 | CEO total compensation as printed in Frequency Electronics, Inc.'s own proxy. As printed: 3,259,827. Filing ↗machine: span 198337–198346 |
| 25 | Kopin Corporation, Section 10b CEO total | DEF 14A | 2026-04-22 | 0001493152-26-018400 | CEO total compensation as printed in Kopin Corporation's own proxy. As printed: 2,257,423. Filing ↗machine: span 438656–438665 |
| 26 | AEye, Inc., Section 10b CEO total | DEF 14A | 2026-03-30 | 0001104659-26-036805 | CEO total compensation as printed in AEye, Inc.'s own proxy. As printed: 1,864,345. Filing ↗machine: r1 · c42 · span 582073–582082 |
| 27 | American Battery Technology Company, Section 10b CEO total | DEF 14A | 2025-09-19 | 0001493152-25-014267 | CEO total compensation as printed in American Battery Technology Company's own proxy. As printed: 1,598,997. Filing ↗machine: r2 · c35 · span 257461–257470 |
| 28 | ASP Isotopes Inc., Section 10b CEO total | DEF 14A | 2025-11-25 | 0001477932-25-008604 | CEO total compensation as printed in ASP Isotopes Inc.'s own proxy. As printed: 1,148,500. Filing ↗machine: r5 · c29 · span 266437–266446 |
| 29 | LightPath Technologies, Inc., Section 10b CEO total | DEF 14A | 2025-10-28 | 0001654954-25-012292 | CEO total compensation as printed in LightPath Technologies, Inc.'s own proxy. As printed: 692,875. Filing ↗machine: t54 · r5 · c29 · span 316871–316878 |
| 30 | LanzaTech Global, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001539497-26-001238 | CEO total compensation as printed in LanzaTech Global, Inc.'s own proxy. As printed: 642,559. Filing ↗ |
| 31 | NVE Corporation, Section 10b CEO total | DEF 14A | 2026-06-22 | 0001376474-26-000455 | CEO total compensation as printed in NVE Corporation's own proxy. As printed: 585,775. Filing ↗machine: r1 · c24 · span 215373–215380 |