Spire Global Inc

Overview

This section discusses our executive compensation objectives and policies, forms of compensation, and compensation related to services in 2024 paid to or earned by our named executive officers (the “named executive officers” or “NEOs”). The named executive officers for 2024 were:

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Peter Platzer, our former President and Chief Executive Officer and current Executive Chairman of the Board;

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Theresa Condor, our current President, Chief Executive Officer, and member of the Board and former Chief Operating Officer;

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Leonardo Basola, our former Chief Financial Officer.

Effective as of January 1, 2025, Mr. Platzer was removed as Chief Executive Officer of the Company and appointed Executive Chairman of the Company, (ii) effective as of January 1, 2025, Ms. Condor was removed as Chief Operating Officer of the Company and appointed as Chief Executive Officer of the Company, (iii) effective as of January 6, 2025, Ms. Pelaz was appointed as Chief Operating Officer of the Company, and (iv) effective as of March 5, 2025, Mr. Platzer was removed as President of the Company and Ms. Condor was appointed as President of the Company. In addition, effective March 7, 2025, Leonardo Basola resigned as Chief Financial Officer of the Company, and Mr. Krywe was appointed interim Chief Financial Officer while the Company searched for Mr. Basola’s replacement. Effective April 7, 2025, Mr. Krywe was removed as interim Chief Financial Officer and Ms. Engel was appointed as Chief Financial Officer of the Company.

Compensation Objectives and Process

The compensation committee has designed the Company’s executive compensation program with a strategy to facilitate its ability to attract, retain, reward, and motivate a high performing executive team. The Company’s compensation philosophy is based on a motivational plan to provide pay-for-performance (at both the individual and Company levels), to enable the Company’s executive team to achieve the Company’s objectives successfully.

Our compensation programs are designed to:

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attract and retain individuals with superior ability and managerial experience;

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align executive officers’ incentives with our corporate strategies, business objectives and the long-term interests of our stockholders; and

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increase the incentive to achieve key strategic performance measures by linking incentive award opportunities to the achievement of performance objectives and by providing a portion of total compensation for executive officers in the form of ownership in the Company.

The compensation committee is primarily responsible for establishing and approving the compensation for all of our executive officers. The compensation committee oversees our compensation and benefit plans and policies, oversees and administers our equity incentive plans and reviews and approves annually all compensation decisions relating to all of our executive officers, including our Chief Executive Officer. The compensation committee considers recommendations from our Chief Executive Officer regarding the compensation of our executive officers other than herself. Our compensation committee has the authority under its charter to engage the services of a consulting firm or other outside advisor to assist it in designing our compensation programs and in making compensation decisions.

In 2024, the compensation committee engaged Compensia, Inc., its independent compensation consultant, to research and prepare a list of peer companies for the purpose of reviewing comparator executive officer compensation. The compensation committee reviews and approves the peer company list each year, prior to the approval of compensation matters for our executive officers.