Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2025-12-19

Tecnoglass Holdings (TGLS)

CEO Jose Daes was paid $4,445,280 in fiscal year 2024, ↑ up 12.0% from fiscal year 2023 (SEC filing 0001493152-25-025221 ↗): 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.

$4,445,280 ↑
Jose Daes total, FY2024
—
CEO pay percentile vs peers
848:1
CEO-to-median pay ratio
77.49%
Say-on-pay support, latest vote

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TGLS's next annual pay disclosure, estimated November 28, 2026.est. Filing ↗

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jose Daes$3,292,800$1,152,480$0$0$0$0$0$4,445,280
Chief Executive Officer
Christian Daes3,292,8001,152,480000004,445,280
Chief Operating Officer
Samir Amin225,0000————1,426,5451,651,545
Vice president of Sales
Santiago Giraldo665,280232,848————0898,128
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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY2023→2024
Jose Daes$4,445,280$3,969,000$2,835,000↑ +476,280
Christian Daes4,445,2803,969,0002,835,000↑ +476,280
Samir Amin1,651,5451,641,9891,155,307↑ +9,556
Santiago Giraldo898,128801,900594,000↑ +96,228

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 TGLS

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2024 total
Christian DaesCOO$4,445,280
Jose DaesCEO$4,445,280
Samir AminVice president of Sales$1,651,545
Santiago GiraldoCFO$898,128
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2024 total
A. Lorne WeilIndependent Director$112,939
Anne Louise CarricarteIndependent Director$127,164
Carlos CureIndependent Director$143,562
Jon Paul PérezIndependent Director—
Julio A. TorresIndependent Director$112,939
Luis F. CastroIndependent Director$127,164
Luis Fernando Castro VergaraIndependent Director$127,164
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Carlos CureRSU143,562—$143,562
Carlos CureRSU127,164—127,164
Anne Louise CarricarteRSU127,164—127,164
Julio A. TorresRSU112,939—112,939
A. Lorne WeilRSU112,939—112,939
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation policies are intended to provide for compensation that is sufficient to attract and retain executives and directors of outstanding ability and potential, tailored to the unique characteristics and needs of our company, and designed to motivate our executive officers to achieve our annual and long-term goals by rewarding performance based on the attainment of those goals. The policies reflect an appropriate relationship between executive compensation and the creation of shareholder value and are sensitive to market benchmarks.

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
20252025-12-1931,326,7699,100,81418,11877.49%Passed
20222022-12-1536,775,8381,083,87447,71697.14%Passed
20192019-12-2034,518,17777,434123,29699.78%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
20252025-12-1977.49%a
20222022-12-1597.14%b
20192019-12-2099.78%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will have no effect on such proposal.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)848 : 1
CEO total compensation$4,445,280
Median employee compensation$5,242
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Carlos CureIndependent$143,562$0———$143,562
Luis Fernando Castro VergaraIndependent127,1640———127,164
Anne Louise CarricarteIndependent127,1640———127,164
Luis F. CastroIndependent · Audit · Compensation127,1640000127,164
A. Lorne WeilIndependent112,9390———112,939
Julio A. TorresIndependent112,9390———112,939
Jon Paul PérezIndependent · Nominating · Newly elected000000
Christian T. DaesEmployee director000000
Jose M. DaesEmployee director000000
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$750,932
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$750,932

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
1Tecnoglass Holdings2024Jose Daes$3,292,800$0$0$0$4,445,280

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.

10d

Frequently asked questions

Who was the highest-paid executive at Tecnoglass Holdings in fiscal 2024?
As disclosed, Jose Daes (Chief Executive Officer) was the highest-paid executive at Tecnoglass Holdings in fiscal 2024, with total compensation of $4,445,280.
What is Tecnoglass Holdings's CEO-to-median employee pay ratio?
As disclosed, Tecnoglass Holdings's CEO-to-median employee pay ratio was 848:1.
How did shareholders vote on Tecnoglass Holdings's executive compensation?
As disclosed, 77.49% of shareholders supported Tecnoglass Holdings's executive compensation in the latest say-on-pay vote.
How much does Tecnoglass Holdings spend in total on board compensation for fiscal 2024?
As disclosed, Tecnoglass Holdings reported total board compensation of $750,932 for fiscal 2024.

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, Jose DaesDEF 14A2025-11-280001493152-25-025221Section “Executive Compensation”. As printed: 4,445,280. Filing ↗
2Section 01, Christian DaesDEF 14A2025-11-280001493152-25-025221Section “Executive Compensation”. As printed: 4,445,280. Filing ↗
3Section 01, Samir AminDEF 14A2025-11-280001493152-25-025221Section “Executive Compensation”. As printed: 1,651,545. Filing ↗
4Section 01, Santiago GiraldoDEF 14A2025-11-280001493152-25-025221Section “Executive Compensation”. As printed: 898,128. Filing ↗
5Section 07, pay ratioDEF 14A2025-11-280001493152-25-025221Section “CEO Pay Ratio”. As printed: 848 : 1. Filing ↗
6Section 08, Carlos CureDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 143,562. Filing ↗machine: span 273205–273212
7Section 08, Luis Fernando Castro VergaraDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 127,164. Filing ↗machine: span 273865–273872
8Section 08, Anne Louise CarricarteDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 127,164. Filing ↗machine: span 275491–275498
9Section 08, Luis F. CastroDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 127,164. Filing ↗
10Section 08, A. Lorne WeilDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 112,939. Filing ↗machine: span 274941–274948
11Section 08, Julio A. TorresDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 112,939. Filing ↗machine: span 274408–274415
12Section 08, Jon Paul PérezDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 0. Filing ↗
13Section 08, Christian T. DaesDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 0. Filing ↗
14Section 08, Jose M. DaesDEF 14A2025-11-280001493152-25-025221Section “Director Compensation”. As printed: 0. Filing ↗
15Section 06, 2025 voteForm 8-K2025-12-190001493152-25-028586Item 5.07 · say-on-pay result. As reported: 77.49% (votes for as printed: 31,326,769). Filing ↗
16Section 06, 2022 voteForm 8-K2022-12-150001493152-22-035577Item 5.07 · say-on-pay result. As reported: 97.14% (votes for as printed: 36,775,838). Filing ↗
17Section 06, 2019 voteForm 8-K2019-12-200001493152-19-019500Item 5.07 · say-on-pay result. As reported: 99.78% (votes for as printed: 34,518,177). 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 750,932 + equity 0 + all other 0 = 750,932, summed across the director compensation table rows.machine: formula: Σ = 750,932
20Tecnoglass Holdings (subject), Section 10b CEO totalDEF 14A2025-11-280001493152-25-025221CEO total compensation as printed in Tecnoglass Holdings's own proxy. As printed: 4,445,280. Filing ↗

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