Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-29

Research Frontiers (REFR)

CEO Joseph Harary was paid $754,777 in fiscal year 2025, ↓ down 1.6% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0001493152-26-020409 ↗): 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.

$754,777 ↓
Joseph Harary total, FY2025
1st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
81.94%
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

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Joseph Harary (President and Chief Executive Officer), FY2025 total compensation $754,777 (base salary $625,000) [exec_comp, SEC accession 0001493152-26-020409, filed 2026-04-30]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

REFR's next annual pay disclosure, estimated April 30, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joseph Harary$625,000$0$0$63,700$18,000$0$48,077$754,777
President and Chief Executive Officer
Michael LaPointe27,84600030,88403,07761,807
Vice President-Aerospace Products

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
Joseph Harary$754,777$766,962—↓ −12,185
Michael LaPointe61,80746,360—↑ +15,447

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

You have just read Research Frontiers'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 REFR 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

Companies that benchmark against REFR
No companies currently name REFR as a compensation peer in their most recent disclosure.

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

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
Alexander KaganowiczIndependent Director$84,100
Darryl DaigleIndependent Director$84,100
Eyal PesoIndependent Director$84,100
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Joseph HararyRSU2025-12-31—65,00065,000—$63,700
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Joseph Harary$63,700$0$00.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Michael LaPointeOption6,0001.02—
Joseph HararyOption60,0001.68—
Joseph HararyOption55,0001.72—
Michael LaPointeOption6,0001.95—
Michael LaPointeOption5,0001.72—
Joseph HararyOption60,0001.02—
Michael LaPointeOption5,0003.11—
Michael LaPointeOption6,0001.68—
Joseph HararyOption60,0001.95—
Joseph HararyOption65,0001.33—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company seeks to include in compensation for the Company's executive officers a combination of base salary, equity incentives, and performance-based bonuses that is intended to attract, retain and motivate executive officers who have the skills, experience and knowledge important to the success of the Company and to reward superior performance and encourage actions that drive our business strategy.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantConnell & Partners
Clawback policy—
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-117,016,8001,353,117193,17281.94%Passed
20252025-06-127,678,696614,856688,57585.49%Passed
20242024-06-138,772,887924,360300,11387.75%Passed
20232023-06-086,917,810819,624257,39186.53%Passed
20202020-06-118,379,1431,042,525342,62285.81%Passed
20172017-06-086,801,4191,138,830340,47382.14%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 yearMeeting dateApproval — company's computation
20262026-06-1181.94%a
20252025-06-1285.49%b
20242024-06-1387.75%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as votes against the 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.

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
Eyal PesoIndependent · Audit · Nominating and Corporate Governance$40,000$0$44,100$0$0$84,100
Alexander KaganowiczIndependent · Nominating and Corporate Governance (Chair) · Audit · Compensation40,000044,1000084,100
Darryl DaigleIndependent · Audit (Chair) · Compensation (Chair) · Nominating and Corporate Governance40,000044,1000084,100
Joseph M. HararyEmployee director000—00
09

Board fee structure and ownership guideline

Annual cash retainer$40,000
Annual equity retainer$47,700
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$120,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$120,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Research Frontiers 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 Research Frontiers.

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
1Arrowhead Pharmaceuticals, Inc.2025Christopher Anzalone$981,046$6,810,292$0$1,236,000$9,029,861
2Mesa Laboratories, Inc.2026Gary Owens808,8464,700,01701,120,0006,643,208
3Riot Blockchain, Inc.2025Jason Les1,584,337001,827,5813,460,222
4Innovative Solutions and Support, Inc.2025Shahram Askarpour525,0001,019,953196,340750,7502,506,043
5PowerFleet, Inc.2026Steve Towe555,7781,469,0070110,0442,134,829
6Aware, Inc.2025Ajay Amlani111,110881,751833,66401,826,746
7Research Frontiers2025Joseph Harary625,000063,70018,000754,777
8Creative Realities, Inc.2024Richard Mills450,000000450,000
9Autoscope Technologies Corp.2021Andrew Berger00000
—Microvision, Inc.——————not in coverage universe
—ParkerVision, Inc.——————not in coverage universe
—PURE Bioscience, Inc.——————not in coverage universe
—Peraso Inc.——————not in coverage universe
—eMagin Corp.——————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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Research Frontiersnot disclosedOptions 100not disclosedConnell & Partners
Arrowhead Pharmaceuticals, Inc.125%PSU 70 · RSU 30not disclosedCompensia
Autoscope Technologies Corp.not disclosednot disclosednot disclosedSemler Brossy Consulting Group, LLC
Aware, Inc.not disclosednot disclosednot disclosednot disclosed
Creative Realities, Inc.not disclosednot disclosednot disclosednot disclosed
eMagin Corp.not disclosednot disclosednot disclosednot disclosed
Innovative Solutions and Support, Inc.143%not disclosedNoFW Cook
Mesa Laboratories, Inc.125%PSU 50 · RSU 50NoFrederic W. Cook & Co, Inc.
Microvision, Inc.not disclosednot disclosednot disclosednot disclosed
ParkerVision, Inc.not disclosednot disclosednot disclosednot disclosed
Peraso Inc.not disclosednot disclosednot disclosednot disclosed
PowerFleet, Inc.not disclosedPSU 66.7 · RSU 33.3not disclosedFrederic W. Cook & Co., Inc.
PURE Bioscience, Inc.not disclosednot disclosednot disclosednot disclosed
Riot Blockchain, Inc.125%not disclosedYes — TSR relative to RUSSELL 3000 IndexCompensia Inc.

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.

10d

Frequently asked questions

Who was the highest-paid executive at Research Frontiers in fiscal 2025?
As disclosed, Joseph Harary (President and Chief Executive Officer) was the highest-paid executive at Research Frontiers in fiscal 2025, with total compensation of $754,777.
How does Research Frontiers's chief executive pay compare to its disclosed peer group?
As disclosed, Joseph Harary's total compensation ranked at the 1st percentile of Research Frontiers's disclosed peer group.
How did shareholders vote on Research Frontiers's executive compensation?
As disclosed, 81.94% of shareholders supported Research Frontiers's executive compensation in the latest say-on-pay vote.
How much does Research Frontiers spend in total on board compensation for fiscal 2025?
As disclosed, Research Frontiers reported total board compensation of $120,000 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, Joseph HararyDEF 14A2026-04-300001493152-26-020409Section “Summary Compensation Table” · page 1. As printed: 754,777. Filing ↗
2Section 01, Michael LaPointeDEF 14A2026-04-300001493152-26-020409Section “Summary Compensation Table”. As printed: 61,807. Filing ↗machine: t66 · span 272573–272579
3Section 03, Joseph Harary RSUDEF 14A2026-04-300001493152-26-020409Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t70 · r6 · c17 · span 305911–305917
4Section 07, pay ratio10-K/A2026-03-190001493152-26-011611Section “CEO Pay Ratio”. As printed: —. Filing ↗
5Section 08, Eyal PesoDEF 14A2026-04-300001493152-26-020409Section “Director Compensation”. As printed: 84,100. Filing ↗machine: t80 · r5 · c11 · span 393913–393919
6Section 08, Alexander KaganowiczDEF 14A2026-04-300001493152-26-020409Section “Director Compensation”. As printed: 84,100. Filing ↗machine: t80 · r4 · c11 · span 393090–393096
7Section 08, Darryl DaigleDEF 14A2026-04-300001493152-26-020409Section “Director Compensation”. As printed: 84,100. Filing ↗machine: t80 · r3 · c11 · span 392529–392535
8Section 08, Joseph M. HararyDEF 14A2026-04-300001493152-26-020409Section “Director Compensation”. As printed: 0. Filing ↗
9Section 06, 2026 voteForm 8-K2026-06-120001493152-26-028339Item 5.07 · say-on-pay result. As reported: 81.94% (votes for as printed: 7,016,800). Filing ↗
10Section 06, 2025 voteForm 8-K2025-06-130001641172-25-015113Item 5.07 · say-on-pay result. As reported: 85.49% (votes for as printed: 7,678,696). Filing ↗
11Section 06, 2024 voteForm 8-K2024-06-140001493152-24-023797Item 5.07 · say-on-pay result. As reported: 87.75% (votes for as printed: 8,772,887). Filing ↗
12Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
13Section 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
14Section 09b board cost (computed)Computed——Cash 120,000 + equity 0 + all other 0 = 120,000, summed across the director compensation table rows.machine: formula: Σ = 120,000
15Arrowhead Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-01-270000879407-26-000019CEO total compensation as printed in Arrowhead Pharmaceuticals, Inc.'s own proxy. As printed: 9,029,861. Filing ↗machine: span 692475–692484
16Mesa Laboratories, Inc., Section 10b CEO totalDEF 14A2026-07-220000724004-26-000071CEO total compensation as printed in Mesa Laboratories, Inc.'s own proxy. As printed: 6,643,208. Filing ↗machine: r3 · c24 · span 580946–580955
17Riot Blockchain, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-053098CEO total compensation as printed in Riot Blockchain, Inc.'s own proxy. As printed: 3,460,222. Filing ↗
18Innovative Solutions and Support, Inc., Section 10b CEO totalDEF 14A2026-03-130001104659-26-027765CEO total compensation as printed in Innovative Solutions and Support, Inc.'s own proxy. As printed: 2,506,043. Filing ↗machine: r1 · c47 · span 412417–412426
19PowerFleet, Inc., Section 10b CEO totalDEF 14A2026-07-290001493152-26-035236CEO total compensation as printed in PowerFleet, Inc.'s own proxy. As printed: 2,134,829. Filing ↗machine: r1 · c26 · span 373462–373471
20Aware, Inc., Section 10b CEO totalDEF 14A2026-05-220001193125-26-237209CEO total compensation as printed in Aware, Inc.'s own proxy. As printed: 1,826,746. Filing ↗machine: r2 · c25 · span 317476–317485
21Research Frontiers (subject), Section 10b CEO totalDEF 14A2026-04-300001493152-26-020409CEO total compensation as printed in Research Frontiers's own proxy. As printed: 754,777. Filing ↗
22Creative Realities, Inc., Section 10b CEO totalDEF 14A2025-12-030001437749-25-036687CEO total compensation as printed in Creative Realities, Inc.'s own proxy. As printed: 450,000. Filing ↗machine: r1 · c29 · span 190047–190054
23Autoscope Technologies Corp., Section 10b CEO totalDEF 14A2022-03-220000897101-22-000300CEO total compensation as printed in Autoscope Technologies Corp.'s own proxy. As printed: 0. Filing ↗
24Section 10a, Arrowhead Pharmaceuticals, Inc. reciprocityDEF 14A—0000879407-26-000019Arrowhead Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Research Frontiers. Filing ↗
25Section 10a, PowerFleet, Inc. reciprocityDEF 14A—0001493152-26-035236PowerFleet, Inc.'s most recent proxy was read; its disclosed peer group does not include Research Frontiers. Filing ↗
26Section 10a, Riot Blockchain, Inc. reciprocityDEF 14A—0001104659-26-053098Riot Blockchain, Inc.'s most recent proxy was read; its disclosed peer group does not include Research Frontiers. Filing ↗
27Section 10a, Mesa Laboratories, Inc. reciprocityDEF 14A—0000724004-26-000071Mesa Laboratories, Inc.'s most recent proxy was read; its disclosed peer group does not include Research Frontiers. 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.