Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-28

Montauk Renewables (MNTK)

CEO Sean McClain was paid $671,702 in fiscal year 2025, ↑ up 2.8% from fiscal year 2024 (SEC filing 0001193125-26-150358 ↗): 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
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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MNTK's next annual pay disclosure, estimated April 12, 2027.est. Filing ↗

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 FY2024→2025
Sean McClain$671,702$653,377$3,016,530↑ +18,325
Kevin Van Asdalan492,175495,5242,472,427↓ −3,349
John Ciroli489,438509,8892,050,852↓ −20,451

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 MNTK
5 companies name MNTK as a compensation peer

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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
Kevin Van AsdalanCFO$492,175
Sean McClainCEO$671,702
John CiroliGeneral Counsel$489,438
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
Jennifer CunninghamIndependent Director$115,000
John A. CopelynChair of the Board$115,000
Michael A. JacobsonFormer director (through FY2025)$57,500
Mohamed H. AhmedLead Independent Director$115,000
Theventheran (Kevin) G. GovenderIndependent Director$115,000
Yunis ShaikIndependent Director$115,000
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 ↗
John CiroliChief Legal Officer2026-05-20A302,98200CommonForm 4 ↗
Kevin Van AsdalanChief Financial Officer2026-05-20A302,98200CommonForm 4 ↗
Sean F. McClainDirector2026-05-20A383,18300CommonForm 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
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-26—————
20252025-05-22—————
20242024-06-05—————
20232023-06-05—————
20222022-06-06—————
20212021-05-25—————

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
20262026-05-26—a
20252025-05-22—b
20242024-06-05—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.

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
Yunis ShaikIndependent · Audit · Environmental, Safety and Corporate Responsibility (Chair)115,00000—0115,000
Jennifer CunninghamIndependent · Audit · Environmental, Safety and Corporate Responsibility115,00000—0115,000
Mohamed H. AhmedIndependent · Lead Independent Director · Audit (Chair) · Nominating and Corporate Governance115,00000—0115,000
John A. CopelynIndependent · Board Chair · Nominating and Corporate Governance (Chair) · Compensation115,00000—0115,000
Michael A. JacobsonIndependent · Departed during FY57,50000—057,500
Sean F. McClainEmployee director000—00
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$345,000
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.

10d

Frequently asked questions

Who was the highest-paid executive at Montauk Renewables in fiscal 2025?
As disclosed, Sean McClain (President and Chief Executive Officer) was the highest-paid executive at Montauk Renewables in fiscal 2025, with total compensation of $671,702.
How much does Montauk Renewables spend in total on board compensation for fiscal 2025?
As disclosed, Montauk Renewables reported total board compensation of $632,500 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'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 411359–411373
6Section 08, Yunis ShaikDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r8 · c4 · span 414646–414660
7Section 08, Jennifer CunninghamDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r4 · c4 · span 410406–410420
8Section 08, Mohamed H. AhmedDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r2 · c4 · span 408505–408519
9Section 08, John A. CopelynDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t89 · r3 · c4 · span 409441–409455
10Section 08, Michael A. JacobsonDEF 14A2026-04-100001193125-26-150358Section “Director Compensation”. As printed: 57,500. Filing ↗machine: t89 · r6 · c4 · span 412326–412339
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, John Ciroli 2026-05-20Form 42026-05-220000950103-26-007657Insider 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, Sean F. McClain 2026-05-20Form 42026-05-220000950103-26-007659Insider 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 06, 2026 voteForm 8-K2026-05-280001193125-26-243221Item 5.07 · say-on-pay result. As reported: —. Filing ↗
18Section 06, 2025 voteForm 8-K2025-05-270001193125-25-127599Item 5.07 · say-on-pay result. As reported: —. Filing ↗
19Section 06, 2024 voteForm 8-K2024-06-070001193125-24-157549Item 5.07 · say-on-pay result. As reported: —. Filing ↗
20Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 09b board cost (computed)Computed——Cash 632,500 + equity 0 + all other 0 = 632,500, summed across the director compensation table rows.machine: formula: Σ = 632,500
22Montauk 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

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