Companies Nextnav
Nextnav (NN): executive pay, fiscal 2025
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CEO pay, last three years
- $3,056,349FY2024
- $6,524,014FY2025
CEO total pay was $6,524,014 in fiscal 2025, up from $3,056,349 in fiscal 2024.
FY2025: salary $800,000 · bonus $0 · stock awards $999,992 · option awards $3,906,689
Frequently asked questions
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.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Mariam Sorond | $800,000 | $0 | $999,992 | $3,906,689 | $800,000 | $0 | $17,333 | $6,524,014 |
| President and Chief Executive Officer and Chair of the Board of Directors | ||||||||
| Timothy Gray | 147,239 | 0 | 1,587,073 | 1,512,746 | 0 | 0 | 23,557 | 3,270,615 |
| Chief Financial Officer | ||||||||
| James Black | 292,500 | 0 | 840,475 | 657,156 | 0 | 0 | 10,600 | 1,800,730 |
| Senior Vice President, General Counsel 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Mariam Sorond | $6,524,014 | $3,056,349 | — | ↑ +3,467,665 |
| Timothy Gray | 3,270,615 | — | — | — |
| James Black | 1,800,730 | — | — | — |
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
NextNav aims to keep salaries of Named Executive Officers competitive to retain and maintain talent while ensuring consistency with similarly situated pre-revenue companies. The company uses a combination of base salary, annual performance-based bonus, and long-term equity incentive awards to align the interests of executives with those of equity holders.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Sequoia Group and Thrive Consulting |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
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 |
|---|---|---|---|---|---|---|---|
| James Black | OPTION | 2025-03-11 | — | — | 104,319 | — | $374,536 |
| Timothy Gray | OPTION | 2025-09-22 | — | — | 139,646 | — | 1,512,746 |
| Mariam Sorond | OPTION | 2025-03-14 | — | — | 141,362 | — | 998,758 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| James Black | $0 | $0 | $374,536 | 0.0% |
| Timothy Gray | 0 | 0 | 1,512,746 | 0.0% |
| Mariam Sorond | 0 | 0 | 998,758 | 0.0% |
% 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 |
|---|---|---|---|---|
| Timothy Gray | PSU | 3,372 | — | $61,644 |
| James Black | PSU | 8,862 | — | 162,000 |
| James Black | RSU | 66,779 | — | 1,111,203 |
| Timothy Gray | RSU | 88,791 | — | 1,477,482 |
| Mariam Sorond | RSU | 90,579 | — | 1,507,235 |
| James Black | Option | 104,319 | 12.35 | — |
| Mariam Sorond | RSU | 117,647 | — | 1,957,646 |
| Timothy Gray | Option | 139,646 | 18.58 | — |
| Mariam Sorond | Option | 141,362 | 12.14 | — |
| Mariam Sorond | Option | 185,016 | 4.68 | — |
| Mariam Sorond | Option | 295,850 | 15.07 | — |
| Mariam Sorond | RSU | 500,000 | — | 8,320,000 |
| Mariam Sorond | PSU | 1,000,000 | — | 16,640,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| John B. MuletaIndependent · Compensation and Human Capital Committee · Nominating and Corporate Governance Committee (Chair) | $109,766 | $428,442 | — | — | — | $538,208 |
| Alan B. HoweIndependent · Audit Committee · Nominating and Corporate Governance Committee | 76,621 | 199,941 | — | — | — | 276,562 |
| Nicola PalmerIndependent · Audit Committee · Compensation and Human Capital Committee (Chair) · Technology and National Defense Committee | 70,014 | 199,941 | — | — | — | 269,955 |
| Jonathan A. MarcusIndependent · Audit Committee (Chair) | 68,338 | 199,941 | — | — | — | 268,279 |
| Bandel L. CaranoIndependent · Nominating and Corporate Governance Committee · Technology and National Defense Committee | 58,338 | 199,941 | — | — | — | 258,279 |
| Neil S. SubinIndependent · Audit Committee | 55,000 | 199,941 | — | — | — | 254,941 |
| H. Wyman Howard IIIIndependent · Compensation and Human Capital Committee · Technology and National Defense Committee (Co-Chair) | 54,536 | 199,941 | — | — | — | 254,477 |
| Lorin SelbyIndependent · Audit Committee · Technology and National Defense Committee (Co-Chair) | 54,536 | 199,941 | — | — | — | 254,477 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $175,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $547,149 |
| Equity awards (grant-date value) | $1,828,029 |
| All other compensation | $0 |
| Total cost of the board | $2,375,178 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Nextnav as a peer
Companies that benchmark against NN
- CONSTELLIUM SECSTMFY2025
Each company listed discloses NN in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy 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 | Nextnav | 2025 | Mariam Sorond | $800,000 | $999,992 | $3,906,689 | $800,000 | $6,524,014 |
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 | 2026-05-21 | — | — | — | — | — |
| 2025 | 2025-05-22 | — | — | — | — | — |
| 2024 | 2024-05-16 | — | — | — | — | — |
| 2023 | 2023-05-18 | — | — | — | — | — |
| 2022 | 2022-05-18 | — | — | — | — | — |
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 | 2026-05-21 | —a |
| 2025 | 2025-05-22 | —b |
| 2024 | 2024-05-16 | —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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (21 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, Mariam Sorond. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · page 22. As printed: 6,524,014. View filing ↗
- Section 01, Timothy Gray. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · page 22. As printed: 3,270,615. View filing ↗
- Section 01, James Black. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · page 22. As printed: 1,800,730. View filing ↗
- Section 03, James Black OPTION. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Timothy Gray OPTION. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Mariam Sorond OPTION. DEF 14A, filed 2026-04-08. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, John B. Muleta. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 538,208. View filing ↗
- Section 08, Alan B. Howe. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 276,562. View filing ↗
- Section 08, Nicola Palmer. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 269,955. View filing ↗
- Section 08, Jonathan A. Marcus. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 268,279. View filing ↗
- Section 08, Bandel L. Carano. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 258,279. View filing ↗
- Section 08, Neil S. Subin. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 254,941. View filing ↗
- Section 08, H. Wyman Howard III. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 254,477. View filing ↗
- Section 08, Lorin Selby. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 254,477. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-23. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-20. Item 5.07 · say-on-pay result. As reported: —. 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 547,149 + equity 1,828,029 + all other 0 = 2,375,178, summed across the director compensation table rows.
- Nextnav (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Nextnav's own proxy. As printed: 6,524,014. View filing ↗