Companies NCS Multistage Holdings, Inc.
NCS Multistage (NCSM): executive pay, fiscal 2025
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CEO pay, last three years
- $1,717,052FY2024
- $1,893,018FY2025
CEO total pay was $1,893,018 in fiscal 2025, up from $1,717,052 in fiscal 2024.
FY2025: salary $470,833 · bonus $0 · stock awards $707,034 · option awards $0
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Full detail
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Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ryan Hummer | $470,833 | $0 | $707,034 | $0 | $688,991 | $0 | $26,160 | $1,893,018 |
| Chief Executive Officer | ||||||||
| Tim Willems | 374,125 | 25,000 | 318,590 | 0 | 370,967 | 0 | 30,960 | 1,119,642 |
| Chief Operations Officer | ||||||||
| Michael Morrison | 369,000 | 0 | 314,246 | 0 | 346,467 | 0 | 26,000 | 1,055,713 |
| Chief Financial 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Ryan Hummer | $1,893,018 | $1,717,052 | — | ↑ +175,966 |
| Tim Willems | 1,119,642 | 1,157,942 | — | ↓ −38,300 |
| Michael Morrison | 1,055,713 | 1,091,610 | — | ↓ −35,897 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Company's compensation program is designed to attract, motivate, and retain executives who can achieve corporate strategic plans, reward outstanding performance without subjecting the Company to excessive risk, and align the interests of executives with the long-term interests of stockholders through a balance of short-term and long-term incentives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Mercer LLC |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Ryan Hummer | PSU | — | — | 14,479 | — | — | $351,695 |
| Michael Morrison | PSU | — | — | 6,435 | — | — | 156,306 |
| Tim Willems | PSU | — | — | 6,525 | — | — | 158,492 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Ryan Hummer | $0 | $351,695 | $0 | 100.0% |
| Michael Morrison | 0 | 156,306 | 0 | 100.0% |
| Tim Willems | 0 | 158,492 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Michael Morrison | RSU | 3,218 | — | $127,079 |
| Tim Willems | RSU | 4,180 | — | 165,068 |
| Ryan Hummer | RSU | 7,240 | — | 285,908 |
| Michael Morrison | PSU | 32,226 | — | 1,272,605 |
| Tim Willems | PSU | 33,949 | — | 1,340,646 |
| Ryan Hummer | PSU | 84,223 | — | 3,325,966 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Michael McShaneIndependent · Board Chair · Audit (Chair) · Compensation, Nominating and Governance | $130,500 | $106,479 | — | — | — | $236,979 |
| John DeaneIndependent · Compensation, Nominating and Governance (Chair) | 80,500 | 106,479 | — | — | — | 186,979 |
| Gurinder GrewalIndependent | 62,500 | 106,479 | — | — | — | 168,979 |
| Valerie MitchellIndependent · Audit | 62,500 | 106,479 | — | — | — | 168,979 |
| W. Matt RallsIndependent · Audit · Compensation, Nominating and Governance | 62,500 | 106,479 | — | — | — | 168,979 |
| Robert NipperNot independent | 62,500 | 106,479 | — | — | — | 168,979 |
Board fee structure and ownership guideline
| Annual cash retainer | — |
|---|---|
| Annual equity retainer | $125,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 18,000 / 18,000 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $461,000 |
| Equity awards (grant-date value) | $638,874 |
| All other compensation | $0 |
| Total cost of the board | $1,099,874 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names NCS Multistage as a peer
Companies that benchmark against NCSM
4 companies name NCSM as a compensation peer
- BROADWIND, INC.BWENFY2025
- NATURAL GAS SERVICES GROUP INCNGSFY2025
- Perma-Pipe International Holdings, Inc.PPIHFY2026
- Ranger Energy Services, Inc.RNGRFY2025
- Thermon Group Holdings, Inc.THRFY2025
Each company listed discloses NCSM 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 NCSM in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | NCS Multistage Holdings, Inc. | 2025 | Ryan Hummer | $470,833 | $707,034 | $0 | $688,991 | $1,893,018 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-27 | 1,938,033 | 3,111 | 1,635 | 99.84% | Passed |
| 2025 | 2025-05-21 | 1,975,710 | 10,498 | 23,759 | 99.47% | Passed |
| 2024 | 2024-05-23 | 1,872,896 | 30,037 | 7,377 | 98.42% | Passed |
| 2023 | 2023-05-25 | 1,879,826 | 22,689 | 415 | 98.81% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-27 | 99.84%a |
| 2025 | 2025-05-21 | 99.47%b |
| 2024 | 2024-05-23 | 98.42%c |
a. Approved under the standard stated in the filing — “Abstentions will have no effect on this proposal.”.
b. Approved under the standard stated in the filing — “Abstentions will have no effect on this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have no effect on this proposal.”.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (19 citations)
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.
- Section 01, Ryan Hummer. DEF 14A, filed 2026-04-02. Section “Executive Compensation”. As printed: 1,893,018. View filing ↗
- Section 01, Tim Willems. DEF 14A, filed 2026-04-02. Section “Executive Compensation”. As printed: 1,119,642. View filing ↗
- Section 01, Michael Morrison. DEF 14A, filed 2026-04-02. Section “Executive Compensation”. As printed: 1,055,713. View filing ↗
- Section 03, Ryan Hummer PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Michael Morrison PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Tim Willems PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Michael McShane. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 236,979. View filing ↗
- Section 08, John Deane. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 186,979. View filing ↗
- Section 08, Gurinder Grewal. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 168,979. View filing ↗
- Section 08, Valerie Mitchell. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 168,979. View filing ↗
- Section 08, W. Matt Ralls. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 168,979. View filing ↗
- Section 08, Robert Nipper. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 168,979. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: 99.84% (votes for as printed: 1,938,033). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-21. Item 5.07 · say-on-pay result. As reported: 99.47% (votes for as printed: 1,975,710). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 98.42% (votes for as printed: 1,872,896). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 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).
- Section 09b board cost (computed). Computed. Cash 461,000 + equity 638,874 + all other 0 = 1,099,874, summed across the director compensation table rows.
- NCS Multistage Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in NCS Multistage Holdings, Inc.'s own proxy. As printed: 1,893,018. View filing ↗