INVE Technologies, Inc.
For the period ended Jun 10, 2025. Filed Apr 30, 2025.
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Jun 10, 2025 · Filed Apr 30, 2025
Contents
PAY VERSUS PERFORMANCE
| Year | Summary Compensation Table Total for CEO #1 ($)(1) | Summary Compensation Table Total for CEO #2 ($)(2) | Compensation Actually Paid to CEO #1 ($)(3) | Compensation Actually Paid to CEO #2 ($)(4) | Average Summary Compensation Table Total for non-CEO Named Executive Officers ($)(5)(6) | Average Compensation Actually Paid to non-CEO Named Executive Officers ($)(7) | Value of Initial Fixed $100 Investment Based on Company Total Stockholder Return ($) | Net Income (Loss)($ in millions) |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2,101,455 | 1,545,998 | 1,891,455 | 1,545,998 | 1,171,275 | 708,724 | 64.89 | 74,820,000 |
| 2023 | — | 424,846 | — | 424,846 | 367,554 | 473,112 | 146.10 | (5,489,000) |
| 2022 | — | 403,667 | — | 403,667 | 2,970,350 | 1,443,400 | 128.37 | (392,000) |
(1)
Thedollar amounts reported are the total compensation reported to Ms. Newquist (“CEO #1”) for each fiscal year in the “Total” column of the Summary Compensation Table. Ms. Newquist became our Chief Executive Officer on September 6, 2024.
(2)
Thedollar amounts reported are the total compensation reported to Mr. Humphreys (“CEO #2”) for each fiscal year in the “Total” column of the Summary Compensation Table. Mr. Humphreys served as our Chief Executive Officer from September 2014 until September 6, 2024.
(3)
The following represents the adjustments made to the Summary Compensation Table totals for our CEO #1 to derive the compensation actually paid to our CEO #1.
| Adjustments | 2024 | 2023 | 2022 |
|---|---|---|---|
| Amounts reported in "Stock Awards" column of SCT | (1,674,000) | — | — |
| Fair value of outstanding and unvested stock awards that were granted in the current year | 1,464,000 | — | — |
| Change in fair value of stock awards outstanding and unvested at the end of the current year that were granted in a prior year | — | — | — |
| Fair value of stock awards granted and vested in the current year | — | — | — |
| Change in fair value for stock awards vested in the current year that were granted in a prior year | — | — | — |
| Fair value at the end of the prior year of stock awards that failed to meet vesting conditions in the year | — | — | — |
| Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation | — | — | — |
(4)
No adjustments made to the Summary Compensation Table totals to derive the compensation actually paid to Mr. Humphreys in his role as CEO #2.
(5)
Mr. Scarpulla was the only the Named Executive Officer included in the non-CEO Named Executive Officer average for fiscal year 2024, 2023, and 2022.
(6)
The dollar amounts reported represent the average of the amounts reported for our non-CEO Named Executive Officers as a group in the “Total” column of the Summary Compensation Table in each applicable fiscal year.
(7)
The following represents the adjustments made to the Summary Compensation Table totals for our non-CEO Named Executive Officers to derive the average compensation actually paid to our non-CEO Named Executive Officers.
| Adjustments | 2024 | 2023 | 2022 |
|---|---|---|---|
| Amounts reported in "Stock Awards" column of the Summary Compensation Table | (731,775) | — | (2,685,350) |
| Fair value of outstanding and unvested stock awards that were granted in the current year | 457,500 | — | 1,158,400 |
| Change in fair value of stock awards outstanding and unvested at the end of the current year that were granted in a prior year | (293,409) | (300,921) | — |
| Fair value of stock awards granted and vested in the current year | 208,650 | 405,731 | — |
| Change in fair value of stock awards vested in the current year that were granted in a prior year | (103,517) | 747 | — |
| Fair value at the end of the prior year of stock awards that failed to meet vesting conditions in the year | — | — | — |
| Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation | — | — | — |
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