Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-28

SunPower (SPWR)

SunPower's highest-paid named officer for fiscal year 2025, Former Chief Financial Officer Daniel Foley, was paid $789,833 (SEC filing 0001213900-26-104038 ↗): 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.

$789,833
Daniel Foley total, FY2025
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CEO pay percentile vs peers
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CEO-to-median pay ratio
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Say-on-pay support, latest vote

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SPWR's next annual pay disclosure, estimated February 25, 2028.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Daniel Foley$233,333$1,500$455,000$0$0$0$100,000$789,833
Former Chief Financial Officer
Jeanne Nguyen350,0001,5001,5340000353,034
Former Chief Accounting Officer and former and Former Interim 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Daniel Foley$789,833$941,947—↓ −152,114
Jeanne Nguyen353,034295,346—↑ +57,688

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

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Companies that benchmark against SPWR
5 companies name SPWR as a compensation peer

The list of companies that name SPWR as a peer is temporarily unavailable — recheck shortly.

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
Adam GishenIndependent Director$167,091
Devin WhatleyIndependent Director$156,776
J. Daniel McCranieIndependent Director$2,217,185
Jamie HaenggiIndependent Director—
Lothar MaierIndependent Director$367,185
Ronald PasekIndependent Director$169,153
Tidjane ThiamIndependent Director$160,077
William J. AndersonDirector$214,536
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

05

Incentive-plan design — the Compensation Discussion & Analysis

SunPower's compensation program is designed to promote the success of the Company and align executive incentives with the long-term interests of its stockholders. Reflecting its startup origins, the program consists primarily of salary and equity-based awards, with the intent to maintain a strong link between executive incentives and the creation of stockholder value.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-25—————
20252025-05-29—————
20242024-12-18—————

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 yearMeeting dateApproval — company's computation
20262026-03-25—a
20252025-05-29—b
20242024-12-18—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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
J. Daniel McCranieNot independent$0$2,217,185——$0$2,217,185
Lothar MaierIndependent · Audit · Compensation0367,185——0367,185
William J. AndersonNot independent0214,536——0214,536
Ronald PasekIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating/Governance0169,153——0169,153
Adam GishenIndependent · Compensation · Nominating/Governance · Audit0167,091——0167,091
Antonio R. AlvarezIndependent · Compensation · Nominating/Governance (Chair)0160,901——0160,901
Tidjane ThiamIndependent · Audit · Compensation · Nominating/Governance0160,077——0160,077
Chris LundellNot independent0156,776——0156,776
Devin WhatleyIndependent · Compensation (Chair)0156,776——0156,776
Thurman J. RodgersEmployee director · Board Chair00——00
Bernard GutmannIndependent · Audit · Partial-year service00——00
Jamie HaenggiIndependent · Compensation · Nominating/Governance · Not standing for re-election00——00
09

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer—
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$0
Equity awards (grant-date value)$3,769,680
All other compensation$0
Total cost of the board$3,769,680

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

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
1SunPower2025Daniel Foley$233,333$455,000$0$0$789,833

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.

10d

Frequently asked questions

Who was the highest-paid executive at SunPower in fiscal 2025?
As disclosed, Daniel Foley (Former Chief Financial Officer) was the highest-paid executive at SunPower in fiscal 2025, with total compensation of $789,833.
How much does SunPower spend in total on board compensation for fiscal 2025?
As disclosed, SunPower reported total board compensation of $3,769,680 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, Daniel FoleyDEF 14A2026-09-280001213900-26-104038Section “Executive Compensation”. As printed: 789,833. Filing ↗machine: span 734279–734286
2Section 01, Jeanne NguyenDEF 14A2026-09-280001213900-26-104038Section “Executive Compensation”. As printed: 353,034. Filing ↗machine: r3 · c22 · span 707637–707644
3Section 08, J. Daniel McCranieDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 2,217,185. Filing ↗machine: span 1018254–1018599
4Section 08, Lothar MaierDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 367,185. Filing ↗machine: span 1010344–1010687
5Section 08, William J. AndersonDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 214,536. Filing ↗machine: span 1002425–1002768
6Section 08, Ronald PasekDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 169,153. Filing ↗machine: span 986594–986937
7Section 08, Adam GishenDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 167,091. Filing ↗machine: span 954945–955288
8Section 08, Antonio R. AlvarezDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 160,901. Filing ↗machine: span 962875–963218
9Section 08, Tidjane ThiamDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 160,077. Filing ↗machine: span 994514–994857
10Section 08, Chris LundellDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 156,776. Filing ↗machine: span 970775–971118
11Section 08, Devin WhatleyDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 156,776. Filing ↗machine: span 978695–979038
12Section 08, Thurman J. RodgersDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Bernard GutmannDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Jamie HaenggiDEF 14A2026-09-280001213900-26-104038Section “Director Compensation”. As printed: 0. Filing ↗
15Section 06, 2026 voteForm 8-K2026-03-300001213900-26-036427Item 5.07 · say-on-pay result. As reported: —. Filing ↗
16Section 06, 2025 voteForm 8-K2025-05-010001213900-25-038027Item 5.07 · say-on-pay result. As reported: —. Filing ↗
17Section 06, 2024 voteForm 8-K2024-12-190001213900-24-110592Item 5.07 · say-on-pay result. As reported: —. Filing ↗
18Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
19Section 09b board cost (computed)Computed——Cash 0 + equity 3,769,680 + all other 0 = 3,769,680, summed across the director compensation table rows.machine: formula: Σ = 3,769,680
20SunPower (subject), Section 10b CEO totalDEF 14A2026-09-280001213900-26-104038CEO total compensation as printed in SunPower's own proxy. As printed: 789,833. Filing ↗machine: span 734279–734286

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