Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-22

Montauk Renewables (MNTK)

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.

$671,702
Sean McClain total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against MNTK
2 companies name MNTK as a compensation peer

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

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Sean McClain$454,713$190,060$0$0$0$0$26,929$671,702
President and Chief Executive Officer
Kevin Van Asdalan359,541113,152000019,482492,175
Chief Financial Officer and Treasurer
John Ciroli353,002113,152000023,284489,438
Chief Legal Officer and 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Sean McClain$671,702
Kevin Van Asdalan492,175
John Ciroli489,438

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

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
John A. CopelynDirector2026-05-11A17,506$1$25,384CommonForm 4 ↗
Sean F. McClainDirector2026-05-20A383,18300CommonForm 4 ↗
Kevin Van AsdalanChief Financial Officer2026-05-20A302,98200CommonForm 4 ↗
John CiroliChief Legal Officer2026-05-20A302,98200CommonForm 4 ↗
James A. ShawChief Operating Officer2026-05-20A282,84200CommonForm 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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John CiroliOption133,3336.77
Kevin Van AsdalanOption166,6676.77
John CiroliOption133,3346.77
Sean McClainOption200,0006.77
Kevin Van AsdalanOption166,6666.77
05

Incentive-plan design — the Compensation Discussion & Analysis

Messrs. McClain, Van Asdalan and Ciroli were eligible to earn a 2025 discretionary cash bonus equal to approximately 25%, 30%, and 30%, respectively, of such NEO's 2025 base salary based on individual performance, and 25%, 15% and 15%, respectively, of such NEO's base salary based on the attainment of identified individual objectives.

CEO STI target (% of salary)50%
CEO LTI target (% of salary)
Independent consultant
Clawback policytrue
Anti-hedgingTrue
Anti-pledgingTrue
07

CEO pay ratio

Ratio (CEO : median employee)
CEO total compensation
Median employee compensation
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Theventheran (Kevin) G. GovenderIndependent · Compensation (Chair) · Environmental, Safety and Corporate Responsibility$115,000$0$0$0$115,000
Jennifer CunninghamIndependent · Audit · Environmental, Safety and Corporate Responsibility115,000000115,000
Yunis ShaikIndependent · Audit · Environmental, Safety and Corporate Responsibility (Chair)115,000000115,000
John A. CopelynIndependent · Board Chair · Nominating and Corporate Governance (Chair) · Compensation115,000000115,000
Mohamed H. AhmedIndependent · Lead Independent Director · Audit (Chair) · Nominating and Corporate Governance115,000000115,000
Michael A. JacobsonIndependent · Departed during FY57,50000057,500
Sean F. McClainEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$115,000
Annual equity retainer$0
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$632,500
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$632,500

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
1Montauk Renewables2025Sean McClain$454,713$0$0$0$671,702

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.

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, Sean McClainDEF 14A2026-04-100001193125-26-150358Section “Summary Compensation Table (2025 and 2024)” · page 18. As printed: 671,702. Filing ↗machine: r4 · c39 · span 310462–310469
2Section 01, Kevin Van AsdalanDEF 14A2026-04-100001193125-26-150358Section “Summary Compensation Table (2025 and 2024)” · page 18. As printed: 492,175. Filing ↗machine: t76 · r7 · c39 · span 317690–317697
3Section 01, John CiroliDEF 14A2026-04-100001193125-26-150358Section “Summary Compensation Table (2025 and 2024)” · page 18. As printed: 489,438. Filing ↗machine: r10 · c39 · span 324676–324683
4Section 07, pay ratio10-K2026-03-110001193125-26-102364Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Theventheran (Kevin) G. GovenderDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r5 · c4 · span 411036–411043
6Section 08, Jennifer CunninghamDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r4 · c4 · span 410083–410090
7Section 08, Yunis ShaikDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r8 · c4 · span 414147–414154
8Section 08, John A. CopelynDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r3 · c4 · span 409118–409125
9Section 08, Mohamed H. AhmedDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r2 · c4 · span 408182–408189
10Section 08, Michael A. JacobsonDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 57,500. Filing ↗machine: t89 · r6 · c4 · span 412004–412010
11Section 08, Sean F. McClainDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 0. Filing ↗machine: t89 · r7 · c4 · span 412976–412983
12Section 02, John A. Copelyn 2026-05-11Form 42026-05-130000950103-26-007157Insider equity transaction reported since the proxy statement. Filing ↗
13Section 02, Sean F. McClain 2026-05-20Form 42026-05-220000950103-26-007659Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Kevin Van Asdalan 2026-05-20Form 42026-05-220000950103-26-007658Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, John Ciroli 2026-05-20Form 42026-05-220000950103-26-007657Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, James A. Shaw 2026-05-20Form 42026-05-220000950103-26-007661Insider equity transaction reported since the proxy statement. Filing ↗
17Section 09b board cost (computed)ComputedcomputedCash 632,500 + equity 0 + all other 0 = 632,500, summed across the director compensation table rows.machine: formula: Σ = 632,500
18Montauk Renewables (subject), Section 10b CEO totalDEF 14A2026-04-100001193125-26-150358CEO total compensation as printed in Montauk Renewables's own proxy. As printed: 671,702. Filing ↗machine: r4 · c39 · span 310462–310469