CEO William Berger was paid $5,865,040 in fiscal year 2023, ↑ up 9.5% from fiscal year 2022, the 55th percentile of its disclosed peer group (SEC filing 0001772695-24-000049 ↗): 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.
$5,865,040 ↑ William Berger total, FY2023 | 55th CEO pay percentile vs peers | 89:1 CEO-to-median pay ratio | 78.73% Say-on-pay support, latest vote |
Track this company's pay every filing: join the Pro seat waitlist
Velarion Pro: every company page, peer tools and exports, one seat — $1,200/year
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| William Berger | $620,833 | $0 | $489,645 | $4,000,000 | $734,468 | $0 | $20,094 | $5,865,040 |
| Chairman, President and Chief Executive Officer | ||||||||
| Michael Grasso | 367,708 | 0 | 1,352,494 | 1,200,000 | 228,741 | 0 | 15,350 | 3,164,293 |
| Executive Vice President, Chief Revenue Officer | ||||||||
| Robert Lane | 400,000 | 0 | 938,660 | 800,000 | 207,990 | 0 | 13,200 | 2,359,850 |
| Executive Vice President, Chief Financial Officer | ||||||||
| David Searle | 305,529 | 0 | 993,645 | 562,500 | 196,717 | 0 | 7,500 | 2,065,891 |
| Executive Vice President, General Counsel and Chief Compliance Officer | ||||||||
| Paul Mathews | 329,567 | 50,000 | 802,794 | 562,500 | 210,441 | 0 | 121,030 | 2,026,332 |
| Executive Vice President, Chief Operating 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.
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| William Berger | $5,865,040 | $5,358,001 | — | ↑ +507,039 |
| Michael Grasso | 3,164,293 | 1,641,427 | — | ↑ +1,522,866 |
| Robert Lane | 2,359,850 | 2,152,358 | — | ↑ +207,492 |
| David Searle | 2,065,891 | — | — | — |
| Paul Mathews | 2,026,332 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
You have just read Sunnova Energy International's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper NOVA reports.
We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.
How we handle your data → Privacy
The list of companies that name NOVA as a peer is temporarily unavailable — recheck shortly.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2023 total |
|---|---|---|
| Akbar Mohamed | Independent Director | $197,113 |
| Anne S. Andrew | Independent Director | $206,948 |
| C. Park Shaper | Independent Director | $199,456 |
| Mark Longstreth | Independent Director | — |
| Mary Yang | Independent Director | $192,342 |
| Michael C. Morgan | Independent Director | $186,411 |
| Nora Mead Brownell | Independent Director | $215,079 |
| Rahman D'Argenio | Independent Director | — |
Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Nora Mead Brownell | Director | 2024-12-31 | D | 15,789 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Nora Mead Brownell | Director | 2024-12-31 | A | 15,789 | 0 | 0 | Common | Form 4 ↗ |
| Dividend-equivalent accruals | 2025-01-31 | — | 1,711 | — | — | 1 insider, 1 accrual row | ||
| Paul Mathews | See Remarks | 2025-01-31 | A | 1,711 | 0 | 0 | Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-02-03 | D | 562 | 2 | 1,332 | Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | A | 5,903 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | D | 1,751 | 2 | 3,414 | Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | A | 5,903 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-05 | A | 239,808 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Eric Michael Williams | EVP, Chief Financial Officer | 2025-03-05 | A | 1,199,040 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-05 | A | 1,151,079 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-03-05 | A | 1,151,079 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-03-05 | A | 671,462 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Jack O. Lynch III | See Remarks | 2025-03-05 | A | 431,654 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | D | 238,098 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | D | 64,084 | 0 | 21,122 | Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | A | 238,098 | 0 | 0 | Common | Form 4 ↗ |
| Paul Mathews | Director | 2025-03-18 | A | 1,522,795 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Mathews | Director | 2025-03-18 | A | 993,788 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | A | 7,170 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | D | 2,111 | 0 | 866 | Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | D | 5,221 | 0 | 2,141 | Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | A | 14,631 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | D | 7,170 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | A | 14,631 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Alisha Leveston | See Remarks. | 2025-03-28 | A | 543,478 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| C. Park Shaper | Director | 2025-05-15 | D | 24,948 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| C. Park Shaper | Director | 2025-05-15 | A | 24,948 | 0 | 0 | Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | D | 18,191 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | D | 24,948 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | A | 18,191 | 0 | 0 | Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | A | 24,948 | 0 | 0 | Common | Form 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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Nora Mead Brownell | Director | 2024-12-31 | D | 15,789 | $0 | $0 | Derivative, Class A Common | Form 4 ↗ |
| Nora Mead Brownell | Director | 2024-12-31 | A | 15,789 | 0 | 0 | Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-01-31 | D | 1,711 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-01-31 | A | 1,711 | 0 | 0 | Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-02-03 | D | 562 | 2 | 1,332 | Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | A | 5,903 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | D | 1,751 | 2 | 3,414 | Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-02-21 | A | 5,903 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-05 | A | 239,808 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Eric Michael Williams | EVP, Chief Financial Officer | 2025-03-05 | A | 1,199,040 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-05 | A | 1,151,079 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Mathews | See Remarks | 2025-03-05 | A | 1,151,079 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| David Searle | See Remarks. | 2025-03-05 | A | 671,462 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Jack O. Lynch III | See Remarks | 2025-03-05 | A | 431,654 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | D | 238,098 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | D | 64,084 | 0 | 21,122 | Common | Form 4 ↗ |
| William J. Berger | Director | 2025-03-17 | A | 238,098 | 0 | 0 | Common | Form 4 ↗ |
| Paul Mathews | Director | 2025-03-18 | A | 1,522,795 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Paul Mathews | Director | 2025-03-18 | A | 993,788 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | A | 7,170 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | D | 2,111 | 0 | 866 | Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | D | 5,221 | 0 | 2,141 | Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | A | 14,631 | 0 | 0 | Common | Form 4 ↗ |
| Meghan Nutting | See Remarks | 2025-03-22 | D | 7,170 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Michael Grasso | See Remarks | 2025-03-22 | A | 14,631 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Alisha Leveston | See Remarks. | 2025-03-28 | A | 543,478 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| C. Park Shaper | Director | 2025-05-15 | D | 24,948 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| C. Park Shaper | Director | 2025-05-15 | A | 24,948 | 0 | 0 | Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | D | 18,191 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | D | 24,948 | 0 | 0 | Derivative, Class A Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | A | 18,191 | 0 | 0 | Common | Form 4 ↗ |
| Anne S. Andrew | Director | 2025-05-15 | A | 24,948 | 0 | 0 | Common | Form 4 ↗ |
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| William Berger | RSU | 2023-03-10 | — | — | 22,568 | — | $368,084 |
| Robert Lane | OPTION | 2023-03-22 | — | — | 41,518 | — | 349,997 |
| Paul Mathews | RSU | 2023-01-31 | — | — | 5,133 | — | 99,991 |
| David Searle | OPTION | 2023-04-21 | — | — | 24,845 | — | 281,245 |
| William Berger | OPTION | 2023-03-22 | — | — | 158,165 | — | 1,333,331 |
| Paul Mathews | OPTION | 2023-04-21 | — | — | 24,141 | — | 281,243 |
| William Berger | OPTION | 2023-03-22 | — | — | 153,609 | — | 1,333,326 |
| Paul Mathews | RSU | 2023-04-21 | — | — | 31,180 | — | 562,487 |
| Michael Grasso | OPTION | 2023-03-22 | — | — | 31,138 | — | 262,493 |
| David Searle | RSU | 2023-02-21 | — | — | 17,709 | — | 299,990 |
| Robert Lane | RSU | 2023-03-10 | — | — | 8,206 | — | 133,840 |
| Paul Mathews | OPTION | 2023-04-21 | — | — | 24,845 | — | 281,245 |
| Michael Grasso | RSU | 2023-03-10 | — | — | 7,905 | — | 128,931 |
| David Searle | OPTION | 2023-04-21 | — | — | 24,141 | — | 281,243 |
| Michael Grasso | OPTION | 2023-03-22 | — | — | 30,241 | — | 262,492 |
| Michael Grasso | OPTION | 2023-09-15 | — | — | 37,063 | — | 318,742 |
| Robert Lane | OPTION | 2023-03-22 | — | — | 40,322 | — | 349,995 |
| William Berger | OPTION | 2023-03-22 | — | — | 161,812 | — | 1,333,331 |
| Michael Grasso | OPTION | 2023-09-15 | — | — | 38,082 | — | 318,746 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| William Berger | $368,084 | $0 | $3,999,988 | 0.0% |
| Robert Lane | 133,840 | 0 | 699,992 | 0.0% |
| Paul Mathews | 662,478 | 0 | 562,488 | 0.0% |
| David Searle | 299,990 | 0 | 562,488 | 0.0% |
| Michael Grasso | 128,931 | 0 | 1,162,473 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Paul Mathews | RSU | 31,180 | — | $475,495 |
| Michael Grasso | RSU | 9,103 | — | 138,821 |
| Paul Mathews | Option | 24,845 | 19.84 | — |
| William Berger | Option | 0 | 12.44 | — |
| Robert Lane | Option | 24,542 | 25.63 | — |
| Robert Lane | Option | 40,322 | 13.53 | — |
| Michael Grasso | Option | 17,580 | 28.19 | — |
| Robert Lane | Option | 25,492 | 28.19 | — |
| Paul Mathews | RSU | 5,133 | — | 78,278 |
| William Berger | Option | 0 | 24.87 | — |
| William Berger | Option | 90,273 | 25.63 | — |
| William Berger | Option | 93,764 | 28.19 | — |
| Michael Grasso | Option | 64,294 | 24.87 | — |
| Michael Grasso | Option | 30,241 | 13.53 | — |
| Paul Mathews | Option | 24,141 | 18.04 | — |
| Michael Grasso | Option | 37,063 | 12.86 | — |
| Michael Grasso | Option | 38,082 | 14.15 | — |
| Michael Grasso | Option | 16,926 | 25.63 | — |
| Robert Lane | Option | 41,518 | 14.88 | — |
| Michael Grasso | Option | 6,088 | 40.5 | — |
| William Berger | Option | 158,165 | 14.88 | — |
| William Berger | Option | 0 | 27.16 | — |
| William Berger | Option | 0 | 13.58 | — |
| Michael Grasso | RSU | 116,985 | — | 1,784,022 |
| Robert Lane | RSU | 89,826 | — | 1,369,847 |
| Michael Grasso | RSU | 160,403 | — | 177,118 |
| William Berger | RSU | 357,145 | — | 5,446,461 |
| Michael Grasso | RSU | 49,572 | — | 755,973 |
| Robert Lane | RSU | 28,287 | — | 431,377 |
| Robert Lane | RSU | 51,736 | — | 788,974 |
| Michael Grasso | RSU | 38,802 | — | 591,731 |
| Michael Grasso | RSU | 19,508 | — | 297,497 |
| Robert Lane | RSU | 9,803 | — | 149,496 |
| Robert Lane | RSU | 6,556 | — | 138,431 |
| William Berger | Option | 96,618 | 30.76 | — |
| William Berger | Option | 161,812 | 16.24 | — |
| William Berger | Option | 153,609 | 13.53 | — |
| Robert Lane | Option | 6,557 | 40.5 | — |
| Michael Grasso | Option | 90,021 | 12.44 | — |
| Michael Grasso | Option | 31,138 | 14.88 | — |
We design the structure of the executive compensation program to support this culture, encourage a high degree of collaboration, and reward individuals for achieving challenging financial and strategic objectives that we believe lead to the creation of sustained, long-term stockholder value.
| CEO STI target (% of salary) | 150% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | True |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-05-15 | 63,428,353 | 17,137,973 | 82,626 | 78.73% | Passed |
| 2023 | 2023-05-17 | 66,251,563 | 25,981,504 | 42,717 | 71.83% | Passed |
| 2022 | 2022-05-18 | 88,100,445 | 9,576,864 | 62,855 | 90.2% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2024 | 2024-05-15 | 78.73%a |
| 2023 | 2023-05-17 | 71.83%b |
| 2022 | 2022-05-18 | 90.2%c |
a. Approved under the standard stated in the filing — “With respect to the non-binding advisory vote on the compensation of our named executive officers... abstentions will have no effect on the outcome.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of these proposals.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of these proposals.”.
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.
| Ratio (CEO : median employee) | 89 : 1 |
|---|---|
| CEO total compensation | $5,865,040 |
| Median employee compensation | $65,792 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Nora Mead BrownellIndependent · Compensation and Human Capital (Chair) · Nominating, Corporate Governance and Sustainability | — | $200,000 | $0 | $0 | $15,079 | $215,079 |
| Anne S. AndrewIndependent · Nominating, Corporate Governance and Sustainability (Chair) | — | 205,363 | 0 | 0 | 1,585 | 206,948 |
| C. Park ShaperIndependent · Audit (Chair) | 79,456 | 120,000 | 0 | 0 | — | 199,456 |
| Akbar MohamedIndependent · Audit · Nominating, Corporate Governance and Sustainability | — | 195,000 | 0 | 0 | 2,113 | 197,113 |
| Mary YangIndependent · Audit | 70,000 | 120,000 | 0 | 0 | 2,342 | 192,342 |
| Michael C. MorganIndependent · Compensation and Human Capital | 66,411 | 120,000 | 0 | 0 | — | 186,411 |
| Rahman D'ArgenioIndependent · Compensation and Human Capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Mark LongstrethIndependent · Audit · Nominating, Corporate Governance and Sustainability | 0 | 0 | 0 | 0 | 0 | 0 |
| William J. BergerEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | $120,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 12,500 |
| Stock ownership guideline | — |
| Component | FY2023 |
|---|---|
| Cash retainers and fees | $215,867 |
| Equity awards (grant-date value) | $960,363 |
| All other compensation | $21,119 |
| Total cost of the board | $1,197,349 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Sunnova Energy International names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Sunnova Energy International.
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 | Enphase Energy, Inc. | 2025 | Badrinarayanan Kothandaraman | $450,000 | $8,844,624 | $0 | $306,752 | $9,601,958 |
| 2 | Generac Holdings, Inc. | 2025 | Aaron Jagdfeld | 1,090,548 | 5,250,185 | 1,750,006 | 683,286 | 8,809,765 |
| 3 | Sunrun, Inc. | 2025 | Mary Powell | 850,000 | 5,767,490 | 0 | 1,698,300 | 8,331,132 |
| 4 | Fluence Energy, Inc. | 2025 | Julian Nebreda | 965,000 | 4,400,030 | 1,100,001 | 425,763 | 6,909,044 |
| 5 | Array Technologies, Inc. | 2025 | Kevin Hostetler | 869,135 | 4,776,334 | 0 | 1,126,563 | 6,803,799 |
| 6 | Sunnova Energy International | 2023 | William Berger | 620,833 | 489,645 | 4,000,000 | 734,468 | 5,865,040 |
| 7 | ChargePoint Holdings | 2026 | Rick Wilmer | 625,000 | 3,481,013 | 0 | 0 | 4,106,013 |
| 8 | Ormat Technologies, Inc. | 2025 | Doron Blachar | 641,062 | 2,000,000 | 0 | 816,000 | 3,618,005 |
| 9 | Altus Power, Inc. | 2023 | Gregg Felton | 550,000 | 2,944,134 | 0 | 0 | 3,494,134 |
| 10 | Ameresco, Inc. | 2025 | George Sakellaris | 1,500,000 | 155,100 | 1,385,999 | 0 | 3,339,804 |
| 11 | Clearway Energy | 2025 | Craig Cornelius | 0 | 2,899,181 | 0 | 0 | 2,899,181 |
| 12 | Stem, Inc. | 2025 | Arun Narayanan | 520,266 | 791,213 | 0 | 0 | 2,068,248 |
| — | SunPower Corporation | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Sunnova Energy International | 126% | Options 100 | not disclosed | Pearl Meyer |
| Altus Power, Inc. | not disclosed | not disclosed | No | Pearl Meyer |
| Ameresco, Inc. | 95% | not disclosed | No | FW Cook |
| Array Technologies, Inc. | 103% | RSU 50 · PSU 50 | No | Pay Governance |
| ChargePoint Holdings | not disclosed | PSU 75 · RSU 25 | No | FW Cook |
| Clearway Energy | 123% | PSU 67 · RSU 33 | Yes — Relative TSR | Pay Governance |
| Enphase Energy, Inc. | 68.2% | PSU 67 · RSU 33 | Yes — Relative TSR vs. S&P 500 | Compensia |
| Fluence Energy, Inc. | 36% | PSU 40 · RSU 40 · Options 20 | No | Pay Governance |
| Generac Holdings, Inc. | 46% | PSU 67 · RSU 33 | No | Pay Governance |
| Ormat Technologies, Inc. | 97% | PSU 60 · RSU 40 | Yes — Relative TSR | F.W. Cook & Co. |
| Stem, Inc. | 129.8% | RSU 50 · Options 25 · PSU 25 | No | Frederic W. Cook & Co., Inc. |
| SunPower Corporation | not disclosed | not disclosed | not disclosed | not disclosed |
| Sunrun, Inc. | 133.2% | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (rTSR) | Meridian Compensation Partners |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, William Berger | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “SUMMARY COMPENSATION TABLE”. As printed: 5,865,040. Filing ↗machine: span 634076–634085 |
| 2 | Section 01, Michael Grasso | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “SUMMARY COMPENSATION TABLE”. As printed: 3,164,293. Filing ↗machine: span 662078–662087 |
| 3 | Section 01, Robert Lane | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “SUMMARY COMPENSATION TABLE”. As printed: 2,359,850. Filing ↗machine: span 648187–648196 |
| 4 | Section 01, David Searle | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “SUMMARY COMPENSATION TABLE”. As printed: 2,065,891. Filing ↗machine: span 689951–689960 |
| 5 | Section 01, Paul Mathews | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “SUMMARY COMPENSATION TABLE”. As printed: 2,026,332. Filing ↗machine: t36 · r11 · c27 · span 675857–675866 |
| 6 | Section 03, William Berger RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 777978–777985 |
| 7 | Section 03, Robert Lane OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 796718–796725 |
| 8 | Section 03, Paul Mathews RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 813842–813848 |
| 9 | Section 03, David Searle OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 832468–832475 |
| 10 | Section 03, William Berger OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 784646–784655 |
| 11 | Section 03, Paul Mathews OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 820391–820398 |
| 12 | Section 03, William Berger OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 781669–781678 |
| 13 | Section 03, Paul Mathews RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 816817–816824 |
| 14 | Section 03, Michael Grasso OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 805339–805346 |
| 15 | Section 03, David Searle RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 825921–825928 |
| 16 | Section 03, Robert Lane RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 790171–790178 |
| 17 | Section 03, Paul Mathews OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 823365–823372 |
| 18 | Section 03, Michael Grasso RSU | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 799264–799271 |
| 19 | Section 03, David Searle OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 829494–829501 |
| 20 | Section 03, Michael Grasso OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 802365–802372 |
| 21 | Section 03, Michael Grasso OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 808312–808319 |
| 22 | Section 03, Robert Lane OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 793744–793751 |
| 23 | Section 03, William Berger OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 787623–787632 |
| 24 | Section 03, Michael Grasso OPTION | DEF 14A | 1900-01-01 | 0001772695-24-000049 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 811287–811294 |
| 25 | Section 07, pay ratio | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “CEO Pay Ratio”. As printed: 89 : 1. Filing ↗machine: span 1117430–1117432 |
| 26 | Section 08, Nora Mead Brownell | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 215,079. Filing ↗machine: t17 · r3 · c8 · span 337693–337919 |
| 27 | Section 08, Anne S. Andrew | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 206,948. Filing ↗machine: t17 · r2 · c8 · span 336237–336492 |
| 28 | Section 08, C. Park Shaper | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 199,456. Filing ↗machine: t17 · r6 · c8 · span 341960–342186 |
| 29 | Section 08, Akbar Mohamed | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 197,113. Filing ↗machine: t17 · r4 · c8 · span 339114–339340 |
| 30 | Section 08, Mary Yang | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 192,342. Filing ↗machine: t17 · r7 · c8 · span 343376–343602 |
| 31 | Section 08, Michael C. Morgan | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 186,411. Filing ↗machine: t17 · r5 · c8 · span 340537–340763 |
| 32 | Section 08, Rahman D'Argenio | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 33 | Section 08, Mark Longstreth | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 34 | Section 08, William J. Berger | DEF 14A | 2024-04-04 | 0001772695-24-000049 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 35 | Section 02, Nora Mead Brownell 2024-12-31 | Form 4 | 2025-01-02 | 0001608828-25-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 36 | Section 02, Nora Mead Brownell 2024-12-31 | Form 4 | 2025-01-02 | 0001608828-25-000002 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 37 | Section 02, Paul Mathews 2025-01-31 | Form 4 | 2025-02-04 | 0001608828-25-000015 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 38 | Section 02, Paul Mathews 2025-01-31 | Form 4 | 2025-02-04 | 0001608828-25-000015 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 39 | Section 02, Paul Mathews 2025-02-03 | Form 4 | 2025-02-04 | 0001608828-25-000015 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 40 | Section 02, David Searle 2025-02-21 | Form 4 | 2025-02-25 | 0001608828-25-000016 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 41 | Section 02, David Searle 2025-02-21 | Form 4 | 2025-02-25 | 0001608828-25-000016 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 42 | Section 02, David Searle 2025-02-21 | Form 4 | 2025-02-25 | 0001608828-25-000016 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 43 | Section 02, Meghan Nutting 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000026 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 44 | Section 02, Eric Michael Williams 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000027 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 45 | Section 02, Michael Grasso 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000028 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 46 | Section 02, Paul Mathews 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000029 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 47 | Section 02, David Searle 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000030 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 48 | Section 02, Jack O. Lynch III 2025-03-05 | Form 4 | 2025-03-07 | 0001608828-25-000031 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 49 | Section 02, William J. Berger 2025-03-17 | Form 4 | 2025-03-19 | 0001772695-25-000030 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 50 | Section 02, William J. Berger 2025-03-17 | Form 4 | 2025-03-19 | 0001772695-25-000030 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 51 | Section 02, William J. Berger 2025-03-17 | Form 4 | 2025-03-19 | 0001772695-25-000030 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 52 | Section 02, Paul Mathews 2025-03-18 | Form 4 | 2025-03-20 | 0001772695-25-000032 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 53 | Section 02, Paul Mathews 2025-03-18 | Form 4 | 2025-03-20 | 0001772695-25-000032 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 54 | Section 02, Meghan Nutting 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000036 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 55 | Section 02, Meghan Nutting 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000036 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 56 | Section 02, Michael Grasso 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000038 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 57 | Section 02, Michael Grasso 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000038 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 58 | Section 02, Meghan Nutting 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000036 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 59 | Section 02, Michael Grasso 2025-03-22 | Form 4 | 2025-03-25 | 0001772695-25-000038 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 60 | Section 02, Alisha Leveston 2025-03-28 | Form 4 | 2025-04-01 | 0001772695-25-000052 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 61 | Section 02, C. Park Shaper 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 62 | Section 02, C. Park Shaper 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000086 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 63 | Section 02, Anne S. Andrew 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 64 | Section 02, Anne S. Andrew 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 65 | Section 02, Anne S. Andrew 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 66 | Section 02, Anne S. Andrew 2025-05-15 | Form 4 | 2025-05-19 | 0001772695-25-000089 | Insider equity transaction reported since the proxy statement. Filing ↗ |
| 67 | Section 06, 2024 vote | Form 8-K | 2024-05-21 | 0001772695-24-000058 | Item 5.07 · say-on-pay result. As reported: 78.73% (votes for as printed: 63,428,353.15). Filing ↗ |
| 68 | Section 06, 2023 vote | Form 8-K | 2023-05-18 | 0001772695-23-000075 | Item 5.07 · say-on-pay result. As reported: 71.83% (votes for as printed: 66,251,563). Filing ↗ |
| 69 | Section 06, 2022 vote | Form 8-K | 2022-05-18 | 0001772695-22-000085 | Item 5.07 · say-on-pay result. As reported: 90.2%. Filing ↗ |
| 70 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 71 | 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).machine: formula: sums + PSU ratio |
| 72 | Section 09b board cost (computed) | Computed | — | — | Cash 215,867 + equity 960,363 + all other 21,119 = 1,197,349, summed across the director compensation table rows.machine: formula: Σ = 1,197,349 |
| 73 | Enphase Energy, Inc., Section 10b CEO total | DEF 14A | 2026-04-01 | 0001463101-26-000026 | CEO total compensation as printed in Enphase Energy, Inc.'s own proxy. As printed: 9,601,958. Filing ↗machine: span 731757–731766 |
| 74 | Generac Holdings, Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001104659-26-051499 | CEO total compensation as printed in Generac Holdings, Inc.'s own proxy. As printed: 8,809,765. Filing ↗machine: r1 · c48 · span 700297–700306 |
| 75 | Sunrun, Inc., Section 10b CEO total | DEF 14A | 2026-04-15 | 0001469367-26-000029 | CEO total compensation as printed in Sunrun, Inc.'s own proxy. As printed: 8,331,132. Filing ↗machine: r3 · c24 · span 715556–715566 |
| 76 | Fluence Energy, Inc., Section 10b CEO total | DEF 14A | 2026-01-26 | 0001140361-26-002380 | CEO total compensation as printed in Fluence Energy, Inc.'s own proxy. As printed: 6,909,044. Filing ↗machine: r2 · c25 · span 1396025–1396034 |
| 77 | Array Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-04-07 | 0001140361-26-013682 | CEO total compensation as printed in Array Technologies, Inc.'s own proxy. As printed: 6,803,799. Filing ↗machine: t254 · r2 · c22 · span 1316076–1316085 |
| 78 | Sunnova Energy International (subject), Section 10b CEO total | DEF 14A | 2024-04-04 | 0001772695-24-000049 | CEO total compensation as printed in Sunnova Energy International's own proxy. As printed: 5,865,040. Filing ↗machine: span 634076–634085 |
| 79 | ChargePoint Holdings, Section 10b CEO total | DEF 14A | 2026-05-28 | 0001777393-26-000022 | CEO total compensation as printed in ChargePoint Holdings's own proxy. As printed: 4,106,013. Filing ↗machine: t18 · r2 · c28 · span 464412–464421 |
| 80 | Ormat Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-04-21 | 0001193125-26-166752 | CEO total compensation as printed in Ormat Technologies, Inc.'s own proxy. As printed: 3,618,005. Filing ↗machine: r5 · c14 · span 1948476–1948485 |
| 81 | Altus Power, Inc., Section 10b CEO total | DEF 14A | 2024-04-11 | 0001828723-24-000049 | CEO total compensation as printed in Altus Power, Inc.'s own proxy. As printed: 3,494,134. Filing ↗machine: r5 · c18 · span 256111–256120 |
| 82 | Ameresco, Inc., Section 10b CEO total | DEF 14A | 2026-04-23 | 0001628280-26-026695 | CEO total compensation as printed in Ameresco, Inc.'s own proxy. As printed: 3,339,804. Filing ↗machine: r2 · c39 · span 713614–713623 |
| 83 | Clearway Energy, Section 10b CEO total | DEF 14A | 2026-03-24 | 0001104659-26-033918 | CEO total compensation as printed in Clearway Energy's own proxy. As printed: 2,899,181. Filing ↗machine: r1 · c53 · span 1183724–1183733 |
| 84 | Stem, Inc., Section 10b CEO total | DEF 14A | 2026-04-24 | 0001758766-26-000037 | CEO total compensation as printed in Stem, Inc.'s own proxy. As printed: 2,068,248. Filing ↗machine: t28 · r2 · c8 · span 503952–503961 |
| 85 | Section 10a, Stem, Inc. reciprocity | DEF 14A | — | 0001758766-26-000037 | Stem, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 86 | Section 10a, Ameresco, Inc. reciprocity | DEF 14A | — | 0001628280-26-026695 | Ameresco, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 87 | Section 10a, Array Technologies, Inc. reciprocity | DEF 14A | — | 0001140361-26-013682 | Array Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 88 | Section 10a, ChargePoint Holdings reciprocity | DEF 14A | — | 0001777393-26-000022 | ChargePoint Holdings names Sunnova Energy International in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 89 | Section 10a, Clearway Energy reciprocity | DEF 14A | — | 0001104659-26-033918 | Clearway Energy's most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 90 | Section 10a, Generac Holdings, Inc. reciprocity | DEF 14A | — | 0001104659-26-051499 | Generac Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 91 | Section 10a, Enphase Energy, Inc. reciprocity | DEF 14A | — | 0001463101-26-000026 | Enphase Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 92 | Section 10a, Fluence Energy, Inc. reciprocity | DEF 14A | — | 0001140361-26-002380 | Fluence Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Sunnova Energy International. Filing ↗ |
| 93 | Section 10a, Sunrun, Inc. reciprocity | DEF 14A | — | 0001469367-26-000029 | Sunrun, Inc. names Sunnova Energy International in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.
You'll confirm on The Pay Desk's sign-up page.