Michael Carlson compensation by year
Stem Summary Compensation Table · all 2 fiscal years held| Component | FY2024 | FY2025 |
|---|---|---|
| Salary | $418,269 | $430,373 |
| Bonus | $0 | $379,923 |
| Stock awards | $397,000 | $525,965 |
| Option awards | $282,108 | $29,095 |
| Non-equity incentive | $0 | $0 |
| Pension and deferred compensation | $0 | $0 |
| All other | $0 | $0 |
| Total | $1,097,377 | $1,365,356 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: Stem, Inc. DEF 14A filed April 24, 2026, accession 0001758766-26-000037, and prior-year filings. Open the filing on EDGAR.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| PSU | 15,000 | $225,750 | — |
| RSU | 15,000 | $225,750 | — |
| RSU | 13,750 | $206,938 | — |
| PSU | 8,250 | $124,163 | — |
| RSU | 7,084 | $106,614 | — |
| RSU | 1,342 | $20,197 | — |
| RSU | 305 | $4,590 | — |
| Option | 420 | — | $256.60 |
| Option | 1,735 | — | $205.00 |
| Option | 3,644 | — | $67.40 |
| Option | 5,500 | — | $6.23 |
Per the Outstanding Equity Awards at Fiscal Year-End table in Stem, Inc.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Stem’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Arun Narayanan | Chief Executive Officer | $2,068,248 |
| Michael Carlson · this page | President, Managed Services & OEM Hardware | $1,365,356 |
| Saul Laureles | Chief Legal Officer and Corporate Secretary | $1,350,315 |
| David Buzby | Former Interim Chief Executive Officer and Executive Chair of the Board | $264,911 |
The full Stem compensation record
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are Stem's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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