Personal wealth note: Equibles reports source-backed professional activity and disclosed compensation; it does not estimate personal net worth.
Earlier roles on record: CFO at Fluence Energy, Inc. (FLNC) until December 31, 2023. Fluence Energy, Inc. reported in an 8-K filed November 16, 2023 that Manavendra Sial resigned as Senior Vice President and Chief Financial Officer, effective December 31, 2023. Fluence Energy, Inc. reported in an 8-K filed September 15, 2022 that Manavendra Sial was appointed Senior Vice President and Chief Financial Officer, effective September 15, 2022. The proxy statement of Fluence Energy, Inc. reports total compensation of $126,667 for Manavendra Sial in fiscal 2024, including a base salary of $125,000. Disclosed compensation is on record for 4 fiscal years. Manavendra Sial has spoken on 3 earnings calls across 1 company, most recently for Fluence Energy, Inc. on August 9, 2023.
“Mr. Sial tendered his resignation to the Company on November 13, 2023, effective at 11:59 p.m. on December 31, 2023, and he remains in office for the Company until that time.”
“Manavendra Sial was appointed as the Company’s new Senior Vice President and Chief Financial Officer, effective as of 12:00 a.m. on September 15, 2022, replacing Dennis Fehr.”
Summary generated from SEC filings and earnings-call records held by Equibles.
Recorded current and former roles; source labels appear when available.
2022-09-15–2023-12-31
Start not stated–2023-12-31
Recorded roles and call appearances connecting this person to public companies.
FLNC
CFO
2022-09-15–2023-12-31
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | Fluence Energy, Inc. (FLNC) | Former Senior Vice President and Chief Financial Officer Mr. Sial ceased serving as our Senior Vice President and Chief Financial Officer on December 31, 2023 and Mr. Pasha commenced service with the Company as Senior Vice President and Chief Financial Officer on January 1, 2024. For Mr. Pasha, the amount represents two sign-on bonuses, one in the amount of 250,000 paid in February 2024 and one in the amount of 271,452 paid in March 2024, both as provided in his offer letter. Pursuant to Mr. Williams' offer letter, Mr. Williams received a sign-on bonus of 500,000, which was paid in two installments: (i) 250,000 within 30 days of his hire date of July 17, 2023 and (ii) 250,000 on or about July 17, 2024. If Mr. Williams voluntarily leaves the Company as an employee prior to the two-year anniversary date of each payment or is terminated by the Company due to cause (as defined in the ESP), Mr. Williams will be required to pay each respective part of this sign-on cash bonus back to the Company. The amount in this column reflects the aggregate grant date fair value of RSUs and PSUs as determined in accordance with FASB ASC 718. For a description of the assumptions used to determine the compensation cost of these awards, see Note 17 to our audited consolidated financial statements in the 2024 10-K. These awards are described in more detail in the footnotes to the Grants of Plan-Based Awards and the Outstanding Equity Awards at 2024 Fiscal Year-End tables below. The value of the PSUs included in the amounts shown reflects the grant date fair value of the PSUs at target payout levels based on the probable outcome of the performance conditions determined as of the grant date. The maximum value of the PSU awards is 200% of the target award. The maximum potential for the PSUs granted in fiscal year 2024 for Messrs. Nebreda, Pasha, Williams and Zahurancik, and Ms. Boll is 3,440,028, 1,560,028, 540,004, 403,204, and 403,204, respectively. The amounts in this column reflect the grant date fair value for the fiscal year ended September 30, 2024 that is attributable to NQSO grants as determined in accordance with FASB ASC 718. Assumptions used in the calculation of these amounts are included in Note 17 to our audited consolidated financial statements included in the 2024 Form 10-K. The amounts in this column represent annual incentive cash awards earned under our AIP. For fiscal year 2024, Messrs. Nebreda, Pasha, Williams and Zahurancik and Ms. Boll were eligible for an award under our AIP, and received a payment equal to 134%, 134%, 136%, 120%, and 138% of their target 2024 AIP award, respectively. Mr. Pasha's payout was pro-rated from his hire date on January 1, 2024 through fiscal year end. For more information, see “Compensation Discussion and Analysis – Elements of Compensation - Annual Incentive Plan" above. The amounts shown reflect employer matching contributions under the Company’s 401(k) plan with respect to fiscal year 2024. | $125,000 | $126,667 |
| 2023 | Fluence Energy, Inc. (FLNC) | Former Senior Vice President and Chief Financial Officer Mr. Sial ceased serving as our Senior Vice President and Chief Financial Officer on December 31, 2023 and Mr. Pasha commenced service with the Company as Senior Vice President and Chief Financial Officer on January 1, 2024. For Mr. Pasha, the amount represents two sign-on bonuses, one in the amount of 250,000 paid in February 2024 and one in the amount of 271,452 paid in March 2024, both as provided in his offer letter. Pursuant to Mr. Williams' offer letter, Mr. Williams received a sign-on bonus of 500,000, which was paid in two installments: (i) 250,000 within 30 days of his hire date of July 17, 2023 and (ii) 250,000 on or about July 17, 2024. If Mr. Williams voluntarily leaves the Company as an employee prior to the two-year anniversary date of each payment or is terminated by the Company due to cause (as defined in the ESP), Mr. Williams will be required to pay each respective part of this sign-on cash bonus back to the Company. The amount in this column reflects the aggregate grant date fair value of RSUs and PSUs as determined in accordance with FASB ASC 718. For a description of the assumptions used to determine the compensation cost of these awards, see Note 17 to our audited consolidated financial statements in the 2024 10-K. These awards are described in more detail in the footnotes to the Grants of Plan-Based Awards and the Outstanding Equity Awards at 2024 Fiscal Year-End tables below. The value of the PSUs included in the amounts shown reflects the grant date fair value of the PSUs at target payout levels based on the probable outcome of the performance conditions determined as of the grant date. The maximum value of the PSU awards is 200% of the target award. The maximum potential for the PSUs granted in fiscal year 2024 for Messrs. Nebreda, Pasha, Williams and Zahurancik, and Ms. Boll is 3,440,028, 1,560,028, 540,004, 403,204, and 403,204, respectively. The amounts in this column reflect the grant date fair value for the fiscal year ended September 30, 2024 that is attributable to NQSO grants as determined in accordance with FASB ASC 718. Assumptions used in the calculation of these amounts are included in Note 17 to our audited consolidated financial statements included in the 2024 Form 10-K. The amounts in this column represent annual incentive cash awards earned under our AIP. For fiscal year 2024, Messrs. Nebreda, Pasha, Williams and Zahurancik and Ms. Boll were eligible for an award under our AIP, and received a payment equal to 134%, 134%, 136%, 120%, and 138% of their target 2024 AIP award, respectively. Mr. Pasha's payout was pro-rated from his hire date on January 1, 2024 through fiscal year end. For more information, see “Compensation Discussion and Analysis – Elements of Compensation - Annual Incentive Plan" above. The amounts shown reflect employer matching contributions under the Company’s 401(k) plan with respect to fiscal year 2024. | $500,000 | $1,423,654 |
| 2022 | Fluence Energy, Inc. (FLNC) | Former Senior Vice President and Chief Financial Officer Mr. Sial ceased serving as our Senior Vice President and Chief Financial Officer on December 31, 2023 and Mr. Pasha commenced service with the Company as Senior Vice President and Chief Financial Officer on January 1, 2024. For Mr. Pasha, the amount represents two sign-on bonuses, one in the amount of 250,000 paid in February 2024 and one in the amount of 271,452 paid in March 2024, both as provided in his offer letter. Pursuant to Mr. Williams' offer letter, Mr. Williams received a sign-on bonus of 500,000, which was paid in two installments: (i) 250,000 within 30 days of his hire date of July 17, 2023 and (ii) 250,000 on or about July 17, 2024. If Mr. Williams voluntarily leaves the Company as an employee prior to the two-year anniversary date of each payment or is terminated by the Company due to cause (as defined in the ESP), Mr. Williams will be required to pay each respective part of this sign-on cash bonus back to the Company. The amount in this column reflects the aggregate grant date fair value of RSUs and PSUs as determined in accordance with FASB ASC 718. For a description of the assumptions used to determine the compensation cost of these awards, see Note 17 to our audited consolidated financial statements in the 2024 10-K. These awards are described in more detail in the footnotes to the Grants of Plan-Based Awards and the Outstanding Equity Awards at 2024 Fiscal Year-End tables below. The value of the PSUs included in the amounts shown reflects the grant date fair value of the PSUs at target payout levels based on the probable outcome of the performance conditions determined as of the grant date. The maximum value of the PSU awards is 200% of the target award. The maximum potential for the PSUs granted in fiscal year 2024 for Messrs. Nebreda, Pasha, Williams and Zahurancik, and Ms. Boll is 3,440,028, 1,560,028, 540,004, 403,204, and 403,204, respectively. The amounts in this column reflect the grant date fair value for the fiscal year ended September 30, 2024 that is attributable to NQSO grants as determined in accordance with FASB ASC 718. Assumptions used in the calculation of these amounts are included in Note 17 to our audited consolidated financial statements included in the 2024 Form 10-K. The amounts in this column represent annual incentive cash awards earned under our AIP. For fiscal year 2024, Messrs. Nebreda, Pasha, Williams and Zahurancik and Ms. Boll were eligible for an award under our AIP, and received a payment equal to 134%, 134%, 136%, 120%, and 138% of their target 2024 AIP award, respectively. Mr. Pasha's payout was pro-rated from his hire date on January 1, 2024 through fiscal year end. For more information, see “Compensation Discussion and Analysis – Elements of Compensation - Annual Incentive Plan" above. The amounts shown reflect employer matching contributions under the Company’s 401(k) plan with respect to fiscal year 2024. | $23,077 | $2,623,085 |
| 2021 | Fluence Energy, Inc. (FLNC) | Senior Vice President and Chief Financial Officer | — | — |
Earnings-call and investor-event appearances, plus filed executive appointments or departures, newest first.
