FLNC · Fluence Energy, Inc.
$13.14
-0.08 (-0.61%)
At close · Aug 14
Market Cap
$2.43B
Shares
184.60M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Julian Nebreda | President and Chief Executive Officer | $6,909,044 |
| Ahmed Pasha | Senior Vice President and Chief Financial Officer | $2,159,829 |
| Peter Williams | Senior Vice President and Chief Product and Supply Chain Officer | $1,591,395 |
| John Zahurancik | Senior Vice President and President, Americas | $1,095,704 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | $717,018 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Julian Nebreda | President and Chief Executive Officer | $6,607,788 |
| Ahmed Pasha | Senior Vice President and Chief Financial Officer | $3,283,390 |
| Peter Williams | Senior Vice President and Chief Supply Chain and Manufacturing Officer | $1,513,338 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | $1,273,400 |
| John Zahurancik | Senior Vice President and President, Americas | $1,233,908 |
| Manavendra Sial | 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. | $126,667 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Julian Nebreda | President and Chief Executive Officer | $1,774,772 |
| Manavendra Sial | 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. | $1,423,654 |
| Peter Williams | Senior Vice President and Chief Supply Chain and Manufacturing Officer | $848,760 |
| Carol Couch | Former Senior Vice President and Chief Supply Chain and Manufacturing Officer | $822,527 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | $795,347 |
| Krishna Vanka | Senior Vice President and Chief Digital Officer | $751,318 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Manavendra Sial | 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. | $2,623,085 |
| Julian Nebreda | President and Chief Executive Officer | $2,550,004 |
| Manuel Perez Dubuc | Former Chief Executive Officer | $1,943,101 |
| Dennis Fehr | Former Senior Vice President and Chief Financial Officer Mr. Nebreda commenced service with the Company as Chief Executive Officer and President on September 1, 2022. Mr. Sial commenced services with the Company as Senior Vice President and Chief Financial Officer on September 15, 2022. —For Ms. Boll and Mr. Fehr, this amount represents a portion of each of Ms. Boll’s and Mr. Fehr’s bonus that was paid in September 2021 which remained subject to a clawback until September 30, 2022. For Mr. Perez Dubuc, this amount represents Mr. Perez Dubuc’s bonus, a portion of which was paid in September 2021, which remained subject to a clawback until September 30, 2022 and a portion of which was paid in March 2022 which remained subject to a clawback until March 30, 2023. In connection with Mr. Perez Dubuc’s termination of employment, the Company waived the clawback requirement and Mr. Perez Dubuc was entitled to retain the full bonus. The amounts in this column reflects the grant date fair value of restricted stock units, phantom units, and stock options as determined in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in Company’s audited financial statements for each year shown included in the Company’s Annual Report on Form 10-K filed with the SEC on December 14, 2022. Reflects the fiscal year annual bonus payment. Messrs. Nebreda and Sial were not eligible for fiscal year 2022 annual bonus opportunity and became eligible for the annual bonus effective October 1, 2022 for fiscal year 2023. Ms. Boll and Mr. Fehr were eligible for an annual bonus plan award for fiscal year 2022, reflective of Company performance at 81% with individual performance modifier at 100% each calculated bonus earned. Mr. Perez Dubuc was not eligible for a fiscal year 2022 annual bonus award payment due to the terms and conditions of his severance payment. For Ms. Boll, this amount reflects a matching contribution under the Company’s 401(k) plan. For Mr. Perez Dubuc, this amount reflects (a) payment to Mr. Perez Dubuc of severance of 1,016,351 upon the termination of his employment with the Company, as described below in “─Manuel Perez Dubuc Separation Agreement" and (b) a matching contribution of 14,250 under the Company’s 401(k) plan. For Mr. Fehr, this amount reflects (a) payments to Mr. Fehr of severance of 374,468 and (b) a matching contribution of 14,250 under the Company’s 401(k) plan. | $1,058,627 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | $602,650 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Manuel Perez Dubuc | Former Chief Executive Officer | $2,037,253 |
| Dennis Fehr | Former Senior Vice President and Chief Financial Officer Mr. Nebreda commenced service with the Company as Chief Executive Officer and President on September 1, 2022. Mr. Sial commenced services with the Company as Senior Vice President and Chief Financial Officer on September 15, 2022. —For Ms. Boll and Mr. Fehr, this amount represents a portion of each of Ms. Boll’s and Mr. Fehr’s bonus that was paid in September 2021 which remained subject to a clawback until September 30, 2022. For Mr. Perez Dubuc, this amount represents Mr. Perez Dubuc’s bonus, a portion of which was paid in September 2021, which remained subject to a clawback until September 30, 2022 and a portion of which was paid in March 2022 which remained subject to a clawback until March 30, 2023. In connection with Mr. Perez Dubuc’s termination of employment, the Company waived the clawback requirement and Mr. Perez Dubuc was entitled to retain the full bonus. The amounts in this column reflects the grant date fair value of restricted stock units, phantom units, and stock options as determined in accordance with FASB ASC Topic 718. Assumptions used in the calculation of these amounts are included in Company’s audited financial statements for each year shown included in the Company’s Annual Report on Form 10-K filed with the SEC on December 14, 2022. Reflects the fiscal year annual bonus payment. Messrs. Nebreda and Sial were not eligible for fiscal year 2022 annual bonus opportunity and became eligible for the annual bonus effective October 1, 2022 for fiscal year 2023. Ms. Boll and Mr. Fehr were eligible for an annual bonus plan award for fiscal year 2022, reflective of Company performance at 81% with individual performance modifier at 100% each calculated bonus earned. Mr. Perez Dubuc was not eligible for a fiscal year 2022 annual bonus award payment due to the terms and conditions of his severance payment. For Ms. Boll, this amount reflects a matching contribution under the Company’s 401(k) plan. For Mr. Perez Dubuc, this amount reflects (a) payment to Mr. Perez Dubuc of severance of 1,016,351 upon the termination of his employment with the Company, as described below in “─Manuel Perez Dubuc Separation Agreement" and (b) a matching contribution of 14,250 under the Company’s 401(k) plan. For Mr. Fehr, this amount reflects (a) payments to Mr. Fehr of severance of 374,468 and (b) a matching contribution of 14,250 under the Company’s 401(k) plan. | $1,068,040 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | $974,730 |
| Manavendra Sial | Senior Vice President and Chief Financial Officer | — |
| Julian Nebreda | President and Chief Executive Officer | — |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| John Christopher ("Chris") Shelton | Board of Directors | Resigned | 2026-06-05 |
| John Christopher ("Chris") Shelton | Director | Appointed | 2026-03-16 |
| Julian Nebreda | Director | Appointed | 2026-03-16 |
| Letitia ("Tish") Mendoza | Director | Appointed | 2026-03-16 |
| Peter Chi-Shun Luk | Director | Appointed | 2026-03-16 |
| Axel Meier | Director | Appointed | 2026-03-16 |
| Harald von Heynitz | Director | Appointed | 2026-03-16 |
| Ruth Gratzke | Director | Appointed | 2026-03-16 |
| Ricardo Falú | Director | Appointed | 2026-03-16 |
| Elizabeth Fessenden | Director | Appointed | 2026-03-16 |
| Herman Bulls | Director | Appointed | 2026-03-16 |
| Cynthia Arnold | Director | Appointed | 2026-03-16 |
| Fahad Al-Darwish | Director | Appointed | 2026-03-16 |
| Barbara Humpton | Board | Resigned | 2025-10-03 |
| Rebecca Boll | Senior Vice President and Chief Product Officer | Resigned | 2025-01-10 |
| Manavendra Sial | Senior Vice President and Chief Financial Officer | Resigned | 2023-11-16 |
| Ahmed Pasha | Senior Vice President and Chief Financial Officer | Appointed | 2023-11-16 |
| Michelle Philpot | Chief Accounting Officer | Appointed | 2023-08-18 |
| Tish Mendoza | member of the Nominating and Corporate Governance Committee | Appointed | 2022-09-19 |
| Ricardo Falu | director | Appointed | 2022-09-19 |
| Manavendra Sial | Senior Vice President and Chief Financial Officer | Appointed | 2022-09-15 |
| Manavendra (Manu) Sial | Senior Vice President and Chief Financial Officer | Appointed | 2022-08-31 |
| Manuel Perez Dubuc | member of the Board | Resigned | 2022-08-30 |
| Manuel Perez Dubuc | director | Resigned | 2022-08-08 |
| Lisa Krueger | Board | Resigned | 2022-08-08 |
Key facts
CIK
1868941
CUSIP
34379V103
13F (30d)
288 filings
282 filers
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