GREENWAY TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
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Item 11. Executive Compensation
| Item 11. | Executive Compensation. |
|---|
Summary of Cash and Certain Other Compensation
At present, we have three executive officers, Messrs. Wright, R. K. Jones and R. Jones**.**
Summary Compensation Table
The following table sets forth the compensation for our named executive officers for each of the two completed fiscal years ended December 31, 2024, and December 31, 2023:
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Nonqualified deferred compensation earnings ($) | All Other Compensation ($) | Total ($) |
|---|---|---|---|---|---|---|---|---|---|
| Ray Wright (1) | 2024 | 180,000 | - | - | - | - | - | - | 180,000 |
| 2023 | 180,000 | - | - | - | - | - | - | 180,000 | |
| Ransom Jones | 2024 | 120,000 | 35,000 | - | - | - | - | - | 155,000 |
| 2023 | 120,000 | 35,000 | - | - | - | - | - | 155,000 | |
| Robert Kevin Jones (2) | 2024 | - | - | - | - | - | - | - | - |
| (1) | Mr. Wright is our President and Chairman of our Board of Directors. |
| (2) | Mr. Robert Kevin Jones is our President. He was named President on August 6, 2024. Mr. Robert Kevin has not taken a salary or any other form of compensation. Mr. Robert Kevin Jones does not have an employment agreement and serves at the pleasure of our Board of Directors. |
Outstanding Equity Awards at Fiscal Year-End
There were no outstanding equity awards for our named executive officers as of the end of our last completed fiscal year, December 31, 2024.
Director Compensation
Currently, our directors receive no compensation for their participation on our board, board committees or other activities related to the Company. There are no plans by the directors pay retirement benefits to directors or executive officers.
Executive Compensation
Ray Wright and Ransom Jones each have employment agreements that automatically renew on each employment anniversary date unless a party provides notice of non-renewal before sixty (60) days before each annual period’s end. Mr. Jones was provided with 250,000 shares at the inception of his agreement, and he is due a bonus of $35,000 each year he is employed by us. There were no changes to any of the named executives’ duties as described by their respective employment agreements. Mr. Robert Kevin Jones does not have an employment agreement and receives no compensation for his management roles and responsibilities. Mr. Robert Kevin Jones has agreed to this arrangement until the Company and him enter into a formal employment agreement..
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