LIQTECH INTERNATIONAL INC
For the period ended Jun 5, 2025. Filed Apr 21, 2025.
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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.
Jun 5, 2025 · Filed Apr 21, 2025
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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 |
| 2024 | N/A | N/A | N/A | N/A | $940,887 | $588,830 | $231,940 | $59,349 | $4.03 | ($10) |
| 2023 | N/A | N/A | N/A | N/A | $940,811 | $1,034,727 | $574,941 | $621,491 | $7.45 | (-9) |
| 2022 | $425,266 | $1,757 | $773,954 | $613,373 | $771,962 | $659,462 | $770,746 | $675,158 | $6.64 | ($-14) |
| (1) | Reflects compensation for our former Chief Executive Officer, Sune Mathiesen, who served as our Principal Executive Officer (PEO) for 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 and 2024. |
| (4) | Reflects compensation for Simon Stadil in 2022 and 2023, and Simon Stadil and Phillip Massie Price in 2024, 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.
| PEO – Mathiesen | PEO – Buehler | PEO – Chen | Other NEO | PEO – Chen | Other NEO | PEO – Chen | Other NEO | |
|---|---|---|---|---|---|---|---|---|
| Adjustments | 2022 | 2022 | 2022 | 2022 | 2023 | 2023 | 2024 | 2024 |
| Summary Compensation Table Total | $425,266 | $773,954 | $771,962 | $770,746 | $940,811 | $574,941 | $940,887 | $231,940 |
| Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table | ($41,600) | ($549,164) | ($350,000) | ($375,000) | ($363,248) | ($130,769) | (374,449) | ($85,734) |
| Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding | $30,400 | $388,187 | $237,500 | $279,412 | $412,893 | $149,870 | $196,602 | $12,668 |
| Addition of change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding | ($188,470) | $0 | $0 | $0 | $19,271 | $22,672 | (167,309) | $0 |
| Addition of change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during the FY | $0 | $396 | $0 | $0 | $25,000 | $6,005 | ($6,901) | $2,258 |
| Reduction of fair value of awards granted during prior FY that were forfeited during applicable FY, determined as of prior FY end (1) | ($223,839) | $0 | $0 | $0 | $0 | $0 | $0 | ($101,784) |
| Compensation Actually Paid | $1,757 | $613,373 | $659,462 | $675,158 | $1,034,727 | $621,491 | $588,830 | $59,349 |
Values for fiscal years 2022 and 2023 have been updated to reflect the impact of the reverse stock split that occurred in May 2023. The equity awards included above comprise of restricted share units granted from 2019 through 2024. 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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