Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-09-10

Microvast Holdings (MVST)

Fiscal year 2024 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.

$1,465,000
Isida Tushe total, FY2024
President, General Counsel and Company Secretaryhighest-paid officer; CEO Yang Wu: $1,154,480
CEO (Yang Wu) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against MVST
No companies currently name MVST as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Isida Tushe$450,000$125,000$0$890,000$0$0$0$1,465,000
President, General Counsel and Company Secretary
Shengxian Wu564,48000001,383,750
Chief Operating Officer
Yang Wu564,4800590,00000001,154,480
Chairman and Chief Executive Officer

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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Isida Tushe$1,465,000
Shengxian Wu1,383,750
Yang Wu1,154,480649,008+505,472

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

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Isida TusheRSU890,000$1,465,000
WuRSU890,0001,383,750
WuPSU564,480590,000
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
2025590,000

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
2025a

a. 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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Arthur WongIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance$80,000$19,999$99,999
Wei YingIndependent · Audit · Compensation · Nominating and Corporate Governance079,99979,999
Yixin PanIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance (Chair) · Newly elected21,39958,09679,495
Yeelong Tan BalladonNot independent · Departed during FY66,4108,90775,317
Stephen VogelNot independent · Departed during FY46,712046,712
Yang WuEmployee director · Board Chair0
Yanzhuan ZhengNot independent · Departed during FY000
Isida TusheEmployee director · Newly elected0
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$95,000
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

ComponentFY2024
Cash retainers and fees$214,521
Equity awards (grant-date value)$167,001
All other compensation$0
Total cost of the board$381,522

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
1Microvast Holdings2024Yang Wu$564,480$590,000$0$0$1,154,480

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, Isida TusheDEF 14A2025-09-100001760689-25-000023Section “Executive Compensation”. As printed: 1,465,000. Filing ↗machine: r6 · c48 · span 216352–216361
2Section 01, Shengxian WuDEF 14A2025-09-100001760689-25-000023Section “Executive Compensation”. As printed: 1,383,750. Filing ↗
3Section 01, Yang WuDEF 14A2025-09-100001760689-25-000023Section “Executive Compensation”. As printed: 1,154,480. Filing ↗machine: r2 · c48 · span 201952–201961
4Section 08, Arthur WongDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 99,999. Filing ↗machine: span 323547–323814
5Section 08, Wei YingDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 79,999. Filing ↗machine: span 327828–328095
6Section 08, Yixin PanDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 79,495. Filing ↗machine: span 332242–332509
7Section 08, Yeelong Tan BalladonDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 75,317. Filing ↗machine: span 330128–330395
8Section 08, Stephen VogelDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 46,712. Filing ↗machine: span 325714–325981
9Section 08, Yang WuDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, Yanzhuan ZhengDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 0. Filing ↗
11Section 08, Isida TusheDEF 14A2025-09-100001760689-25-000023Section “Director Compensation”. As printed: 0. Filing ↗
12Section 06, 2025 voteForm 8-K2025-09-100001760689-25-000023Item 5.07 · say-on-pay result. As reported: —. Filing ↗
13Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
14Section 09b board cost (computed)ComputedcomputedCash 214,521 + equity 167,001 + all other 0 = 381,522, summed across the director compensation table rows.machine: formula: Σ = 381,522
15Microvast Holdings (subject), Section 10b CEO totalDEF 14A2025-09-100001760689-25-000023CEO total compensation as printed in Microvast Holdings's own proxy. As printed: 1,154,480. Filing ↗machine: r2 · c48 · span 201952–201961