GRWG · GrowGeneration Corp. · Executive Compensation
Market Cap
$91.92M
Shares
58.92M
Volume · Sep 30
657.31K
Avg daily vol (3M)
336.64K
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 |
|---|---|---|
| Michael Salaman | President | $658,000 |
| Darren Lampert | Chief Executive Officer | $658,000 |
| Gregory Sanders | Chief Financial Officer In 2025, the Board granted 30,000 short-term, PSUs each to our CEO, our President, and our CFO. The number of shares issuable as a result of the PSUs vesting ranged from —% and 125% and was determined based on Company-specific net sales targets for fiscal year 2025 as well as service conditions. The 2025 Company-specific net sales targets were not achieved and the PSUs were forfeited. In 2024, our CEO and our President were each granted 200,000 RSUs pursuant to their respective employment agreements, which vest ratably on a biannual basis through December 2026. In December 2025, our CFO, Gregory Sanders, was granted 80,000 RSUs pursuant to his 2025 employment agreement, which vest ratably on a biannual basis through December 2026. The amounts in the Stock Awards column reflect the aggregated grant date fair value of awards granted during 2025 and 2024 as computed in accordance with FASB ASC Topic 718. | $654,098 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Michael Salaman | President | $1,092,500 |
| Darren Lampert | Chief Executive Officer | $1,092,500 |
| Gregory Sanders | Chief Financial Officer The amounts in the Stock Awards column reflect the aggregated grant date fair value of awards granted during 2024 and 2023 as computed in accordance with FASB ASC Topic 718. | $486,417 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Michael Salaman | President | $1,305,176 |
| Darren Lampert | Chief Executive Officer | $1,298,148 |
| Gregory Sanders | Chief Financial Officer The amounts in the Stock Awards column reflect the aggregated grant date fair value of awards granted during 2024 and 2023 as computed in accordance with FASB ASC Topic 718. | $753,767 |
| Greg Sanders | Chief Financial Officer | $753,767 |
| Tony Sullivan | Former Chief Operating Officer | — |
| Jeffrey Lasher | Former Chief Financial Officer | — |
| Paul Rutenis | Former Chief Merchandising Officer Mr. Sanders was appointed Chief Financial Officer on August 12, 2022. Prior to that, Mr. Sanders had served as the Company’s Corporate Controller. Listed compensation for 2022 is for the full year. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. As of June 9, 2022, Paul Rutenis resigned as Chief Merchandising Officer. | — |
| Monty Lamirato | Former Chief Financial Officer | — |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Greg Sanders | Chief Financial Officer | $2,638,964 |
| Gregory Sanders | Chief Financial Officer The amounts in the Stock Based Awards column reflect the aggregated grant date fair value of awards granted during 2022, 2021, and 2020 as computed in accordance with FASB ASC Topic 718. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. Stock awards represent the fair market value of 100,000 RSUs issued January 5, 2022 and vest 25,000 shares each year of service beginning December 15, 2022 and the market value of 30,000 RSUs issued in connection with his separation agreement on August 12, 2022, of which 10,000 RSUs vested October 12, 2022 and 20,000 RSUs vested December 12, 2022. | $2,597,215 |
| Jeffrey Lasher | Former Chief Financial Officer | $1,948,723 |
| Darren Lampert | Chief Executive Officer | $1,343,118 |
| Michael Salaman | President | $1,342,308 |
| Paul Rutenis | Former Chief Merchandising Officer Mr. Sanders was appointed Chief Financial Officer on August 12, 2022. Prior to that, Mr. Sanders had served as the Company’s Corporate Controller. Listed compensation for 2022 is for the full year. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. As of June 9, 2022, Paul Rutenis resigned as Chief Merchandising Officer. | $1,129,610 |
| Tony Sullivan | Former Chief Operating Officer | — |
| Monty Lamirato | Former Chief Financial Officer | — |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Jeffrey Lasher | Former Chief Financial Officer | $3,573,119 |
| Michael Salaman | President | $2,040,132 |
| Darren Lampert | Chief Executive Officer | $2,040,132 |
| Paul Rutenis | Former Chief Merchandising Officer Mr. Sanders was appointed Chief Financial Officer on August 12, 2022. Prior to that, Mr. Sanders had served as the Company’s Corporate Controller. Listed compensation for 2022 is for the full year. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. As of June 9, 2022, Paul Rutenis resigned as Chief Merchandising Officer. | $1,629,323 |
| Tony Sullivan | Former Chief Operating Officer | $309,994 |
| Monty Lamirato | Former Chief Financial Officer | $129,114 |
| Gregory Sanders | Chief Financial Officer The amounts in the Stock Based Awards column reflect the aggregated grant date fair value of awards granted during 2022, 2021, and 2020 as computed in accordance with FASB ASC Topic 718. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. Stock awards represent the fair market value of 100,000 RSUs issued January 5, 2022 and vest 25,000 shares each year of service beginning December 15, 2022 and the market value of 30,000 RSUs issued in connection with his separation agreement on August 12, 2022, of which 10,000 RSUs vested October 12, 2022 and 20,000 RSUs vested December 12, 2022. | — |
| Greg Sanders | Chief Financial Officer | — |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Michael Salaman | President | $870,660 |
| Darren Lampert | Chief Executive Officer | $870,660 |
| Tony Sullivan | Former Chief Operating Officer | $345,000 |
| Monty Lamirato | Former Chief Financial Officer | $205,000 |
| Paul Rutenis | Former Chief Merchandising Officer | — |
| Jeffrey Lasher | Former Chief Financial Officer | — |
| Gregory Sanders | Chief Financial Officer The amounts in the Stock Based Awards column reflect the aggregated grant date fair value of awards granted during 2022, 2021, and 2020 as computed in accordance with FASB ASC Topic 718. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. As of August 12, 2022, Jeffrey Lasher resigned as Chief Financial Officer. Stock awards represent the fair market value of 100,000 RSUs issued January 5, 2022 and vest 25,000 shares each year of service beginning December 15, 2022 and the market value of 30,000 RSUs issued in connection with his separation agreement on August 12, 2022, of which 10,000 RSUs vested October 12, 2022 and 20,000 RSUs vested December 12, 2022. | — |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Michael Salaman | President | $2,942,215 |
| Darren Lampert | Chief Executive Officer | $2,942,215 |
| Tony Sullivan | Former Chief Operating Officer | $1,269,300 |
| Monty Lamirato | Chief Financial Officer and Secretary | $968,350 |
| Joe Prinzivalli | Chief Operating Officer | $127,400 |
| Paul Rutenis | Chief Merchandising Officer The amounts in the Stock Based Awards column reflect the aggregated grant date fair value of awards granted during 2021, 2020, and 2019 as computed in accordance with FASB ASC Topic 718. As of May 15, 2021, Monty Lamirato resigned as Chief Financial Officer and Secretary. As of December 13, 2021, Tony Sullivan resigned as Chief Operating Officer. Mr. Lasher joined the company on April 12, 2021. Listed compensation is for partial year services. Stock awards represent the fair market value of 60,000 RSUs issued on the date of hire that equally vest 10,000 shares each six months of service beginning October 12, 2021. Mr. Rutenis joined the company on June 21, 2021. Listed compensation is for partial year services. Stock awards represent the fair market value of 40,000 RSUs issued on the date of hire that equally vest 6,666 shares each six months of service beginning December 21, 2021. | — |
| Jeffrey Lasher | Chief Financial Officer | — |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Darren Lampert | Chief Executive Officer | $355,500 |
| Michael Salaman | President | $355,500 |
| Monty Lamirato | Chief Financial Officer and Secretary | $209,100 |
| Joe Prinzivalli | Chief Operating Officer | $133,300 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Starlett (Star) Carter | independent director on the Board | Appointed | 2024-04-25 |
| Paul Ciasullo | member of the Board of Directors | Retired | 2024-04-25 |