Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-07-13

SunPower (SPWR)

Fiscal year 2024 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.

$636,708
Daniel Foley total, FY2024
Chief Financial Officerhighest-paid officer; CEO Thurman J. (T.J.) Rodgers: $0
CEO (Thurman J. (T.J.) Rodgers) pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against SPWR
4 companies name SPWR as a compensation peer

Each company listed discloses SPWR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SPWR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Daniel Foley$161,947$0$0$474,761$0$0$0$636,708
Chief Financial Officer
Chris Lundell375,02400152,876000527,900
Former Chief Executive Officer
Brian Wuebbels210,70800280,732000491,440
Former Chief Financial Officer and former Chief Operation Officer
Thurman J. (T.J.) Rodgers00000000
Chief Executive 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Daniel Foley$636,708
Chris Lundell527,9005,010,000−4,482,100
Brian Wuebbels491,4402,296,514−1,805,074
Thurman J. (T.J.) Rodgers0

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

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2024 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Adam GishenDirector2025-05-16D10,000$2$19,200CommonForm 4 ↗
Adam GishenDirector2025-05-16D7,743214,634CommonForm 4 ↗
Adam GishenDirector2025-05-16D10,000218,900CommonForm 4 ↗
Adam GishenDirector2025-05-16D20,000237,600CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-05-30A150,0001207,000CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-05-30A150,0001207,000CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-06-02A10,589115,778CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-06-02A10,588115,776CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-06-03A303,0002509,040CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-06-03A303,0002509,040CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2025-07-10A5,000,000Derivative, Class A CommonForm 4 ↗
Adam GishenDirector2025-10-23D10,000220,400CommonForm 4 ↗
Adam GishenDirector2025-10-23D10,000220,400CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-01-29A5,000,000Derivative, Class A CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-01-29A3,300,000Derivative, Class A CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-04-23D0Derivative, Class A CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-04-23D0Derivative, Class A CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-04-23A6,000,000Derivative, Class A CommonForm 4 ↗
Tom KowalczukChief Financial Officer2026-06-30A1,000,00000CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-07-01A633,250CommonForm 4 ↗
Thurman J. (T.J.) RodgersDirector2026-07-01A7,226,186CommonForm 4 ↗
J. Daniel McCranieDirector2026-07-01A93,650CommonForm 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.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Brian WuebbelsOPTION$280,732
Chris LundellOPTION152,876
Daniel FoleyOPTION474,761
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Brian Wuebbels$0$0$280,7320.0%
Chris Lundell00152,8760.0%
Daniel Foley00474,7610.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Daniel FoleyOption500,0001.56
Chris LundellOption220,8330.73
Brian WuebbelsOption19,3055.18
05

Incentive-plan design — the Compensation Discussion & Analysis

Complete Solaria believes its compensation program should promote the success of the Company and align executive incentives with the long-term interests of its stockholders. Complete Solaria's current compensation programs reflect its startup origins in that they consist primarily of salary and equity-based awards.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantnot disclosed
Clawback policy
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
202510,000

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
2025a

a. 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 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Adam GishenIndependent · Audit · Nominating and Corporate Governance$0$0$0$0$0$0
Jamie HaenggiIndependent · Newly elected000000
J. Daniel McCranieIndependent · Compensation000000
Chris LundellNot independent000000
Devin WhatleyIndependent · Compensation000000
Antonio R. AlvarezNot independent000000
Thurman J. (T.J.) RodgersEmployee director00000
Tidjane ThiamIndependent · Compensation000000
William J. AndersonNot independent000000
Ronald PasekIndependent · Audit (Chair) · Nominating and Corporate Governance000000
Lothar MaierIndependent · Audit000000
09

Board fee structure and ownership guideline

Annual cash retainer
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$0
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$0

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
1SunPower2024Thurman J. (T.J.) Rodgers$0$0$0$0$0

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.

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 14A2025-05-010001213900-25-038027Section “Summary Compensation Table”. As printed: 636,708. Filing ↗machine: r3 · c15 · span 745993–746000
2Section 01, Chris LundellDEF 14A2025-05-010001213900-25-038027Section “Summary Compensation Table”. As printed: 527,900. Filing ↗machine: r5 · c15 · span 767883–767890
3Section 01, Brian WuebbelsDEF 14A2025-05-010001213900-25-038027Section “Summary Compensation Table”. As printed: 491,440. Filing ↗machine: r7 · c15 · span 789850–789857
4Section 01, Thurman J. (T.J.) RodgersDEF 14A2025-05-010001213900-25-038027Section “Executive Compensation”. As printed: 0. Filing ↗
5Section 03, Brian Wuebbels OPTIONDEF 14A2025-05-010001213900-25-038027Section “EXECUTIVE COMPENSATION FACT” · grants of plan-based awards table. Filing ↗machine: t19 · r7 · c10 · span 785894–785901
6Section 03, Chris Lundell OPTIONDEF 14A2025-05-010001213900-25-038027Section “EXECUTIVE COMPENSATION FACT” · grants of plan-based awards table. Filing ↗machine: t19 · r5 · c10 · span 763927–763934
7Section 03, Daniel Foley OPTIONDEF 14A2025-05-010001213900-25-038027Section “EXECUTIVE COMPENSATION FACT” · grants of plan-based awards table. Filing ↗machine: t19 · r3 · c10 · span 742037–742044
8Section 08, Adam GishenDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
9Section 08, Jamie HaenggiDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
10Section 08, J. Daniel McCranieDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
11Section 08, Chris LundellDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
12Section 08, Devin WhatleyDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Antonio R. AlvarezDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Thurman J. (T.J.) RodgersDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
15Section 08, Tidjane ThiamDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, William J. AndersonDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, Ronald PasekDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
18Section 08, Lothar MaierDEF 14A2025-05-010001213900-25-038027Section “Director Compensation”. As printed: 0. Filing ↗
19Section 02, Adam Gishen 2025-05-16Form 42025-05-280001213900-25-048372Insider equity transaction reported since the proxy statement. Filing ↗
20Section 02, Adam Gishen 2025-05-16Form 42025-05-280001213900-25-048372Insider equity transaction reported since the proxy statement. Filing ↗
21Section 02, Adam Gishen 2025-05-16Form 42025-05-280001213900-25-048372Insider equity transaction reported since the proxy statement. Filing ↗
22Section 02, Adam Gishen 2025-05-16Form 42025-05-280001213900-25-048372Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Thurman J. (T.J.) Rodgers 2025-05-30Form 42025-06-030001213900-25-050947Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Thurman J. (T.J.) Rodgers 2025-05-30Form 42025-06-030001213900-25-050947Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, Thurman J. (T.J.) Rodgers 2025-06-02Form 42025-06-040001213900-25-051321Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Thurman J. (T.J.) Rodgers 2025-06-02Form 42025-06-040001213900-25-051321Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Thurman J. (T.J.) Rodgers 2025-06-03Form 42025-06-050001213900-25-051705Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Thurman J. (T.J.) Rodgers 2025-06-03Form 42025-06-050001213900-25-051705Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Thurman J. (T.J.) Rodgers 2025-07-10Form 42025-07-150001213900-25-064418Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Adam Gishen 2025-10-23Form 42025-10-280001213900-25-103070Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Adam Gishen 2025-10-23Form 42025-10-280001213900-25-103070Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Thurman J. (T.J.) Rodgers 2026-01-29Form 42026-04-100001213900-26-042615Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Thurman J. (T.J.) Rodgers 2026-01-29Form 42026-04-100001213900-26-042615Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Thurman J. (T.J.) Rodgers 2026-04-23Form 42026-04-270001213900-26-048125Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Thurman J. (T.J.) Rodgers 2026-04-23Form 42026-04-270001213900-26-048125Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Thurman J. (T.J.) Rodgers 2026-04-23Form 42026-04-270001213900-26-048125Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Tom Kowalczuk 2026-06-30Form 42026-07-130001213900-26-077581Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Thurman J. (T.J.) Rodgers 2026-07-01Form 42026-07-060001213900-26-075658Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Thurman J. (T.J.) Rodgers 2026-07-01Form 42026-07-060001213900-26-075658Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, J. Daniel McCranie 2026-07-01Form 42026-07-060001213900-26-075520Insider equity transaction reported since the proxy statement. Filing ↗
41Section 06, 2025 voteForm 8-K2025-05-010001213900-25-038027Item 5.07 · say-on-pay result. As reported: —. Filing ↗
42Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
43Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
44Section 09b board cost (computed)ComputedcomputedCash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.machine: formula: Σ = 0
45SunPower (subject), Section 10b CEO totalDEF 14A2025-05-010001213900-25-038027CEO total compensation as printed in SunPower's own proxy. As printed: 0. Filing ↗