Companies SMITH MIDLAND CORP
SMITH MIDLAND (SMID): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Email me SMITH MIDLAND CORP’s executive pay brief as a PDF
It arrives in about 2 minutes, with every figure cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO pay, last three years
- $365,191FY2023
- $473,493FY2024
- $628,280FY2025
CEO total pay was $628,280 in fiscal 2025, up from $473,493 in fiscal 2024.
FY2025: salary $479,148 · bonus $135,769 · stock awards $0 · option awards $0
Order SMID
Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.
Executives and directors
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 |
|---|---|---|---|---|---|---|---|---|
| Ashley Smith | $479,148 | $135,769 | $0 | $0 | $0 | $0 | $13,363 | $628,280 |
| Chief Executive Officer and President | ||||||||
| Dominic Hunter | 187,465 | 0 | 0 | 0 | 0 | 0 | 0 | 187,465 |
| Chief Financial Officer, Secretary, and Treasurer | ||||||||
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 |
|---|---|---|---|---|
| Ashley Smith | $628,280 | $473,493 | $365,191 | ↑ +154,787 |
| Dominic Hunter | 187,465 | 133,311 | — | ↑ +54,154 |
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 philosophy is designed to attract and retain selected employees, directors, and consultants who contribute to the Company's success and achieve long-term objectives that benefit all stockholders through the additional incentives inherent in equity-based awards. The Compensation Committee determines executive compensation based on performance evaluations and the achievement of established goals and objectives.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Dominic Hunter | RSU | 18,776 | — | $399,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Richard GerhardtIndependent · Audit · Compensation (Chair) | $55,000 | $15,003 | $0 | $0 | $0 | $70,003 |
| James Russell BrunerIndependent · Audit (Chair) · Compensation | 55,000 | 15,003 | 0 | 0 | 0 | 70,003 |
| Read Van de WaterIndependent · Audit · Compensation | 55,000 | 15,003 | 0 | 0 | 0 | 70,003 |
| Matthew I. SmithEmployee director | 0 | 0 | 0 | 0 | 0 | 0 |
| Ashley B. SmithEmployee director · Board Chair | 0 | 0 | 0 | 0 | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $55,000 |
|---|---|
| Annual equity retainer | $15,003 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $165,000 |
| Equity awards (grant-date value) | $45,009 |
| All other compensation | $0 |
| Total cost of the board | $210,009 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names SMITH MIDLAND as a peer
Companies that benchmark against SMID
No companies currently name SMID as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
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 | SMITH MIDLAND CORP | 2025 | Ashley Smith | $479,148 | $0 | $0 | $0 | $628,280 |
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 |
|---|---|---|---|---|---|---|
| 2025 | 2025-08-01 | 3,045,521 | 13,362 | 6,832 | 99.56% | Passed |
| 2022 | 2022-06-01 | 1,420,956 | 11,975 | 19,154 | 99.16% | Passed |
| 2019 | 2019-08-13 | 1,560,682 | 685,047 | 8,234 | 69.5% | Passed |
| 2016 | 2016-08-15 | 948,000 | 228,562 | 690,694 | 50.77% | 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 |
|---|---|---|
| 2025 | 2025-08-01 | 99.56%a |
| 2022 | 2022-06-01 | 99.16%b |
| 2019 | 2019-08-13 | 69.5%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.
CEO pay ratio
| Ratio (CEO : median employee) | — |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (14 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, Ashley Smith. DEF 14A, filed 2026-06-02. Section “Executive Compensation”. As printed: 628,280. View filing ↗
- Section 01, Dominic Hunter. DEF 14A, filed 2026-06-02. Section “Executive Compensation”. As printed: 187,465. View filing ↗
- Section 07, pay ratio. 10-K, filed 2026-04-14. Section “CEO Pay Ratio”. As printed: —. View filing ↗
- Section 08, Richard Gerhardt. DEF 14A, filed 2026-06-02. Section “Director Compensation”. As printed: 70,003. View filing ↗
- Section 08, James Russell Bruner. DEF 14A, filed 2026-06-02. Section “Director Compensation”. As printed: 70,003. View filing ↗
- Section 08, Read Van de Water. DEF 14A, filed 2026-06-02. Section “Director Compensation”. As printed: 70,003. View filing ↗
- Section 08, Matthew I. Smith. DEF 14A, filed 2026-06-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Ashley B. Smith. DEF 14A, filed 2026-06-02. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-08-06. Item 5.07 · say-on-pay result. As reported: 99.56% (votes for as printed: 3,045,521). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-06-03. Item 5.07 · say-on-pay result. As reported: 99.16% (votes for as printed: 1,420,956). View filing ↗
- Section 06, 2019 vote. Form 8-K, filed 2019-08-14. Item 5.07 · say-on-pay result. As reported: 69.5% (votes for as printed: 1,560,682). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 165,000 + equity 45,009 + all other 0 = 210,009, summed across the director compensation table rows.
- SMITH MIDLAND CORP (subject), Section 10b CEO total. DEF 14A, filed 2026-06-02. CEO total compensation as printed in SMITH MIDLAND CORP's own proxy. As printed: 628,280. View filing ↗