Ideal Power Inc.
For the period ended Jun 12, 2025. Filed Apr 29, 2025.
View on SEC.govAbout this filing
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 12, 2025 · Filed Apr 29, 2025
Contents
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following information regarding the relationship between executive compensation actually paid (“CAP”) for our principal executive officer (“PEO”) and Non-PEO NEOs, and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. The CAP amounts shown in the table below do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year.
| Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(2) | Average Summary Compensation Table Total for Non-PEO NEOs(1) | Average Compensation Actually Paid to Non-PEO NEOs(3) | Value of Initial Fixed $100 Investment Based On Total Shareholder Return(4) | Net Loss |
|---|---|---|---|---|---|---|
| 2024 | 1,180,139 | 1,093,370 | 669,293 | 631,251 | 328 | (10,417,813) |
| 2023 | 627,699 | 92,157 | 400,334 | 152,584 | 338 | (9,954,020) |
| 2022 | 1,536,109 | 1,445,043 | 875,602 | 849,761 | 465 | (7,189,350) |
| 2021 | 1,280,586 | 1,516,526 | 578,675 | 678,467 | 524 | (4,770,269) |
| 2020 | 996,317 | 1,089,128 | 541,384 | 603,257 | 355 | (7,793,897) |
| (1) | R. Daniel Brdar was our PEO for each year presented. Our only non-PEO NEO for each year presented was Timothy Burns, our CFO. |
| (2) | CAP reflects the exclusions and inclusions of certain amounts for the PEO as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards for PEO column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Inclusion of Equity Values for PEO are derived from the second table in this footnote. |
| Year | Summary Compensation Table Total for PEO | Exclusion of Stock Awards for PEO | Inclusion of Equity Values for PEO | CAP to PEO |
|---|---|---|---|---|
| 2024 | 1,180,139 | (599,250) | 512,481 | 1,093,370 |
| 2023 | 627,699 | — | (535,542) | 92,157 |
| 2022 | 1,536,109 | (909,841) | 818,775 | 1,445,043 |
| 2021 | 1,280,586 | (732,000) | 967,940 | 1,516,526 |
| 2020 | 996,317 | (437,116) | 529,927 | 1,089,128 |
| Year | Year-End Fair Value of Unvested Equity Awards Granted During the Year for PEO | Change in Fair Value of Unvested Equity Awards Granted in Prior Years for PEO | Change in Fair Value to Vesting Date of Equity Awards Granted and Vested During Year for PEO | Change in Fair Value to Vesting Date of Equity Awards Granted in Prior Years for PEO | Inclusion of Equity Values for PEO |
|---|---|---|---|---|---|
| 2024 | 641,750 | (93,669) | — | (35,600) | 512,481 |
| 2023 | — | (432,642) | — | (102,900) | (535,542) |
| 2022 | 936,971 | (68,000) | — | (50,196) | 818,775 |
| 2021 | 904,500 | 24,945 | — | 38,494 | 967,940 |
| 2020 | — | 74,248 | 437,116 | 18,563 | 529,927 |
| (3) | CAP reflects the exclusions and inclusions of certain amounts for the non-PEO NEO as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards for non-PEO NEO column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Inclusion of Equity Values for non-PEO NEO are derived from the second table in this footnote. |
| Year | Summary Compensation Table Total for non-PEO NEO | Exclusion of Stock Awards for non-PEO NEO | Inclusion of Equity Values for non-PEO NEO | CAP to non- PEO NEO |
|---|---|---|---|---|
| 2024 | 669,293 | (282,000) | 243,958 | 631,251 |
| 2023 | 400,334 | — | (247,750) | 152,584 |
| 2022 | 875,602 | (520,866) | 495,025 | 849,761 |
| 2021 | 578,675 | (244,000) | 343,792 | 678,467 |
| 2020 | 541,384 | (213,122) | 274,995 | 603,257 |
| Year | Year-End Fair Value of Unvested Equity Awards Granted During the Year for non-PEO NEO | Change in Fair Value of Unvested Equity Awards Granted in Prior Years for non-PEO NEO | Change in Fair Value to Vesting Date of Equity Awards Granted and Vested During Year for non-PEO NEO | Change in Fair Value to Vesting Date of Equity Awards Granted in Prior Years for non-PEO NEO | Inclusion of Equity Values for non-PEO NEO |
|---|---|---|---|---|---|
| 2024 | 302,000 | (37,951) | — | (20,091) | 243,958 |
| 2023 | — | (196,297) | — | (51,453) | (247,750) |
| 2022 | 536,239 | (22,666) | — | (18,548) | 495,025 |
| 2021 | 301,500 | 16,628 | — | 25,664 | 343,792 |
| 2020 | — | 49,497 | 213,122 | 12,376 | 274,995 |
| (4) | Assumes $100 was invested for the period starting December 31, 1999, through the end of the listed year in the Company. Historical stock performance is not necessarily indicative of future stock performance. |
Compensation Actually Paid and TSR
As demonstrated by the following graph, the CAP to the Company’s PEOs and the average amount of CAP to the Company’s non-PEO NEOs are aligned with the Company’s cumulative TSR over the five years presented in the pay versus performance table above with the exception that compensation actually paid in 2023 was significantly lower than in the other years due to a lack of equity grants during the year.
Compensation Actually Paid and Net Loss
As demonstrated by the following graph, the CAP to the Company’s PEOs and the average amount of CAP to the Company’s non-PEO NEOs are aligned with the Company’s net loss over the five years presented in the pay versus performance table above with the exception that compensation actually paid in 2023 was significantly lower than in the other years due to a lack of equity grants during the year.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.