LIQTECH INTERNATIONAL INC
For the period ended Nov 8, 2024. Filed Oct 7, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Nov 8, 2024 · Filed Oct 7, 2024
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Contents
Pay Versus Performance Table
| Value of $100 fixed investment | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Year | Summary Compensation Table Total for PEO ($) (1) | Compensation Actually Paid to PEO ($) (1) | Summary Compensation table Total for PEO ($) (2) | Compensation Actually Paid to PEO ($) (2) | Summary Compensation Table Total for PEO ($) (3) | Compensation Actually Paid to PEO ($) (3) | Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (4) | Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (4) | Total Shareholder Return ($) | Net Income |
| 2023 | N/A | N/A | N/A | N/A | $940,811 | $1,344,623 | $574,941 | $823,453 | $5 | $-9 |
| 2022 | $425,266 | ($2,671,605) | $773,954 | $3,333,456 | $771,962 | $2,321,962 | $770,746 | $2,631,040 | $5 | -$8 |
| 2021 | $900,029 | $2,019,186 | N/A | N/A | N/A | N/A | $282,228 | $227,348 | $74 | -$11 |
| (1) | Reflects compensation for our former Chief Executive Officer, Sune Mathiesen, who served as our Principal Executive Officer (PEO) in 2021 and part of 2022. |
| (2) | Reflects compensation for our former Chief Executive Officer, Alexander Buehler, who served as our Principal Executive Officer (PEO) for part of 2022. |
| (3) | Reflects compensation for our Chief Executive Officer, Fei Chen, who served as our Principal Executive Officer (PEO) for part of 2022 and all of 2023. |
| (4) | Reflects compensation for Simon Stadil and Claus Toftegaard in 2021 and Simon Stadil in 2022 and 2023, as shown in the Summary Compensation Table for each respective year. |
To calculate “compensation actually paid” for our PEO and other NEOs the following adjustments were made to Summary Compensation Table total pay.
| Adjustments | PEO - Chen | Other NEO |
|---|---|---|
| 2023 | 2023 | |
| Summary Compensation Table Total | $940,811 | $574,941 |
| Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table | ($363,248) | ($130,769) |
| Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding | $412,893 | $149,870 |
| Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding | $154,167 | $181,373 |
| Addition of change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during the FY | $200,000 | $48,039 |
| Reduction of fair value of awards granted during prior FY that were forfeited during applicable FY, determined as of prior FY end (1) | $- | $0 |
| Compensation Actually Paid | $1,344,623 | $823,453 |
The equity awards included above comprise of restricted share units granted from 2019 through 2023. Measurement date equity fair values are calculated with assumptions derived on a basis consistent with those used for grant date fair value purposes. Restricted stock units are valued based on the stock price on the relevant measurement date.
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