Sunnova Energy International Executive Compensation (FY23)

Name: Sunnova Energy International (NOVA) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

NOVA · Executive and director compensation, fiscal 2022 to 2023

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Data as of September 7, 2026Latest filing (8-K): May 21, 2024

5 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

Sunnova Energy International brief$1,500Get the executive brief

294 figures on this page: 291 cited to the filing that reported them, 3 calculated from figures it prints. See the citations

Chief executive, fiscal 2023

◇

William Berger

Latest say-on-pay support

May 15, 2024

Chief executive pay ratio

◇

To the median employee

What changed from fiscal 2022 to fiscal 2023

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive total compensation — William Berger: $5,358,001 → $5,865,040 (9.5% higher)

CEO pay ratio: 91:1 → 89:1 (2.2% lower)

Frequently asked questions

Answers drawn from the data on this page.

Who is Sunnova Energy International's chief executive and what were they paid?

William Berger, Chairman, President and Chief Executive Officer, received $5,865,040 in total compensation for fiscal 2023. Berger's total moved 9.5% higher from the $5,358,001 reported for fiscal 2022.

What was Sunnova Energy International's say-on-pay result?

The say-on-pay proposal drew 78.7% of votes cast for or against in favor at the meeting held May 15, 2024 for fiscal 2023.

Which companies are in Sunnova Energy International's peer group?

Companies named in the disclosed peer group include Altus Power, Inc., Ameresco, Inc., Array Technologies, Inc., ChargePoint Holdings and Clearway Energy, among others.

What is Sunnova Energy International's chief executive pay ratio?

For fiscal 2023, the company reported a chief executive pay ratio of 89:1, against median employee compensation of $65,792.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
William Berger President and Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Robert Lane Executive Vice President, Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Kris Hillstrand Executive Vice President, International and Direct	◇	—	◇	◇	◇	—	◇	◇
Michael Grasso Executive Vice President, Chief Revenue Officer	◇	—	◇	◇	◇	—	◇	◇
Walter Baker Senior Vice President, Legal	◇	—	◇	◇	◇	—	◇	◇
John Santo Salvo Executive Vice President, Chief Procurement Officer	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
William Berger Chairman, President and Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Michael Grasso Executive Vice President, Chief Revenue Officer	◇	—	◇	◇	◇	—	◇	◇
Robert Lane Executive Vice President, Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
David Searle Executive Vice President, General Counsel and Chief Compliance Officer	◇	—	◇	◇	◇	—	◇	◇
Paul Mathews Executive Vice President, Chief Operating Officer	◇	◇	◇	◇	◇	—	◇	— not reconciled

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2023

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
David Searle	RSU	◇	—	—	◇	—	—	◇
David Searle	OPTION	◇	—	—	◇	—	◇	◇
David Searle	OPTION	◇	—	—	◇	—	◇	◇
Michael Grasso	OPTION	◇	—	—	◇	—	◇	◇
Michael Grasso	RSU	◇	—	—	◇	—	—	◇
Michael Grasso	OPTION	◇	—	—	◇	—	◇	◇
Michael Grasso	OPTION	◇	—	—	◇	—	◇	◇
Michael Grasso	OPTION	◇	—	—	◇	—	◇	◇
Paul Mathews	RSU	◇	—	—	◇	—	—	◇
Paul Mathews	RSU	◇	—	—	◇	—	—	◇
Paul Mathews	OPTION	◇	—	—	◇	—	◇	◇
Paul Mathews	OPTION	◇	—	—	◇	—	◇	◇
Robert L. Lane	RSU	◇	—	—	◇	—	—	◇
Robert L. Lane	OPTION	◇	—	—	◇	—	◇	◇
Robert L. Lane	OPTION	◇	—	—	◇	—	◇	◇
William J. Berger	RSU	◇	—	—	◇	—	—	◇
William J. Berger	OPTION	◇	—	—	◇	—	◇	◇
William J. Berger	OPTION	◇	—	—	◇	—	◇	◇

Fiscal 2022 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2023 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Michael Grasso	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	1/29/2028
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	1/29/2028
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	3/22/2031
	RSU	◇	◇	—	—
Robert Lane	Option	◇	—	◇	3/22/2031
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	3/22/2033
William Berger	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	3/22/2032
	RSU	◇	◇	—	—
	Option	◇	—	◇	4/2/2028
	Option	◇	—	◇	4/7/2026
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	3/22/2032
	Option	◇	—	◇	3/22/2033
	Option	◇	—	◇	4/2/2028
	Option	◇	—	◇	4/7/2026
Paul Mathews	RSU	◇	◇	—	—
	Option	◇	—	◇	4/21/2033
	Option	◇	—	◇	4/21/2033
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

David Searle

Executive Vice President, General Counsel and Chief Compliance Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

Michael Grasso

Executive Vice President, Chief Revenue Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

Paul Mathews

Executive Vice President, Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

Robert Lane

Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing

Severance multiple	◇
Severance base	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

William Berger

Chairman, President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-compete period	◇
Non-solicit period	◇

Director compensation

What each non-employee director was paid.

Fiscal 2023

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Nora Mead Brownell	—	◇	—	—	—	◇	◇
Anne S. Andrew	—	◇	—	—	—	◇	◇
C. Park Shaper	◇	◇	—	—	—	—	◇
Akbar Mohamed	—	◇	—	—	—	◇	◇
Mary Yang	◇	◇	—	—	—	◇	◇
Michael C. Morgan	◇	◇	—	—	—	—	◇

William J. Berger, Mark Longstreth and Rahman D'Argenio served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Lead independent director premium	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2023

Altus Power, Inc. AMPS
Ameresco, Inc. AMRC
Array Technologies, Inc. ARRY
ChargePoint Holdings CHPT
Clearway Energy CWEN
Enphase Energy, Inc. ENPH
Fluence Energy, Inc. FLNC
Generac Holdings, Inc. GNRC
Hannon Armstrong, Inc. symbol not shown
Ormat Technologies, Inc. ORA
Stem, Inc. STEM
SunPower Corporation SPWR
Sunrun, Inc. RUN

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2023	May 15, 2024	=	◇	◇	◇
2022	May 17, 2023	=	◇	◇	◇
2021	May 18, 2022	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Sunnova Energy International disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Sunnova Energy International sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

Executive Compensation Report — $1,500

Written compensation analysis

A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.

Executive Compensation Report — $1,500

Board and governance analysis

Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

Board Governance Report — $1,200

Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

Velarion Intelligence

Adviser switching and vote outcomes

Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.

Inquire about access

Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

294 figures on this page: 291 cited to the filing that reported them, 3 calculated from figures it prints.

291 cited to the filing

3 calculated from the filing

Documents cited

8-K, filed May 21, 2024
0001772695-24-000058
DEF 14A, filed April 4, 2024
0001772695-24-000049
CEO PAY RATIO · Compensation Discussion and Analysis · ELECTION OF DIRECTORS · GRANTS OF PLAN-BASED AWARDS DURING FISCAL YEAR 2023 · and 3 more sections
8-K, filed May 18, 2023
0001772695-23-000075
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 6, 2023
0001772695-23-000060
SUMMARY COMPENSATION TABLE
8-K, filed May 18, 2022
0001772695-22-000085

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Velarion, “Sunnova Energy International executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/NOVA (accessed 2026).

Short form: data: Velarion

The Sunnova Energy International brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.

Both reports for $2,400.

Get the executive brief Get the board briefNo account needed.

5 filings cited on this page

Method: intel.velarion.ai/methodology

A report that fails to generate is refunded in full

Published by Velarion Company Intelligence

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Peers Sunnova Energy International discloses

The companies named in NOVA's own disclosed peer group.

Altus Power, Inc.Ameresco, Inc.Array Technologies, Inc.ChargePoint Holdings Clearway Energy Enphase Energy, Inc.Fluence Energy, Inc.Generac Holdings, Inc.Ormat Technologies, Inc.Stem, Inc.SunPower Corporation Sunrun, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}