WILLAMETTE VALLEY VINEYARDS INC
For the period ended Jul 12, 2025. Filed May 30, 2025.
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Jul 12, 2025 · Filed May 30, 2025
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2.2 Pay versus Performance
The Company is providing this Pay Versus Performance (“PVP”) disclosure, as required by the SEC pursuant to Item 402(v) of Regulation S-K promulgated under the Exchange Act. These rules introduce a method for calculating total compensation called Compensation Actually Paid (“CAP”). The rules require us to provide a table reporting the total compensation for our principal executive officer (“PEO”), as well as the average total compensation of our other Named Executive Officers. The table below reports (i) the compensation for our PEO and other Named Executive Officers, as historically reported in the Summary Compensation Table, and on a CAP basis, as well as (ii) our total shareholder return; and (iii) our net income, for each of the past three years. For each such year, Mr. Bernau was our PEO, and Mr. Ferry was our sole other Named Executive Officer.
| (a) | (b) | (c) | (d) | (e) | (f) | (g) |
|---|---|---|---|---|---|---|
| Year | Summary Compensation Table Total for PEO ($) | Compensation Actually Paid to PEO ($) (1) | Average Summary Compensation Table Total for Non-PEO NEOs ($) | Average Compensation Actually paid to Non-PEO NEOs (1)($) | Value of Initial Fixed $100 Investment Based On Total Shareholder Return ($) (2) | Net income (loss) (In thousands) ($) (3) |
| 2024 | 451,219 | 451,219 | 237,859 | 237,859 | 37.33 | (117.89) |
| 2023 | 408,874 | 408,874 | 231,702 | 231,702 | 59.16 | (1,198.59) |
| 2022 | 392,203 | 392,203 | 220,219 | 220,219 | 65.89 | (646.49) |
| (1) | Reflects compensation actually paid to our PEO and non-PEO NEOs in 2024, 2023 and 2022, consisting of the respective amounts set forth in column (b) and (d) of the Summary Compensation Table above, with no further adjustments, as neither Mr. Bernau nor Mr. Ferry received any equity awards or had any such awards outstanding in fiscal years 2022 through 2024, and therefore no such adjustments are required under the SEC rules. |
| (2) | For the relevant fiscal year, represents the cumulative total shareholder return of the Company for the measurement periods ending on December 31, 2024, December 31, 2023, and December 31, 2022. |
| (3) | Reflects “Net income (loss)” in the Company’s Consolidated Statements of Operations included in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2024, 2023 and 2022. The Company also reported income (loss) applicable to common shareholders of ($2,370,835), ($3,245,690) and $(2,512,943) for the years ended December 31, 2024, 2023, and 2022, respectively. |
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