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Nextpower Executive Compensation (FY26)

NXT · Fremont, CA · Executive and director compensation, fiscal 2022 to 2026

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Data as of September 21, 2026Latest filing (8-K): August 19, 2026
8 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Nextpower brief$1,500Get the executive brief
323 figures on this page: 319 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Chief executive, fiscal 2026
◇
Daniel Shugar
Latest say-on-pay support
=
August 18, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Daniel Shugar: $20,097,412 → $22,204,244 (10.5% higher)
Say-on-pay support: 80.4% → 93.5% (13.1 points higher)
CEO pay ratio: 289:1 → 324:1 (12.1% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Nextpower's chief executive and what were they paid?
Daniel Shugar was paid $22,204,244 in total compensation as Chief Executive Officer & Director for fiscal 2026. Compared with the $20,097,412 reported for fiscal 2025, Shugar's total was 10.5% higher.
What was Nextpower's say-on-pay result?
Shareholders supported the say-on-pay proposal with 93.5% of votes cast for or against in favor at the meeting held August 18, 2026 for fiscal 2026.
Which companies are in Nextpower's peer group?
The disclosed peer group includes Array Technologies, Inc., Dropbox, Inc., EnerSys, Enphase Energy, Inc. and F5, Inc., among others.
What is Nextpower's chief executive pay ratio?
The company reported a chief executive pay ratio of 324:1 for fiscal 2026, against median employee compensation of $68,491.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Bennett
Chief Financial Officer
◇—◇—◇◇◇◇
Daniel Shugar
Chief Executive Officer
◇—◇—◇◇◇◇
Bruce Ledesma
President - Strategy & Administration
◇—◇—◇◇◇◇
Nicholas (Marco) Miller
Chief Operation Officer
◇◇◇—◇—◇◇
Howard Wenger
President
◇———◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer
◇—◇◇◇◇◇◇
Howard Wenger
President
◇—◇◇◇◇◇◇
Bruce Ledesma
President, Strategy & Administration
◇—◇◇◇—◇◇
David Bennett
Chief Financial Officer
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer & Director
◇—◇◇◇—◇◇
Howard Wenger
President & Director
◇—◇◇◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer & Secretary
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer & Director
◇—◇◇◇—◇◇
Charles Boynton
Chief Financial Officer
◇◇◇—◇—◇◇
Howard Wenger
President & Director
◇—◇◇◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer & Secretary
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
David Bennett
Chief Accounting Officer and former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer & Director
◇—◇◇◇—◇◇
Howard Wenger
President & Director
◇—◇◇◇—◇◇
Charles Boynton
Chief Financial Officer
◇—◇—◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer & Secretary
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
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 2026
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bruce LedesmaPSU◇◇◇◇◇—◇
Bruce LedesmaRSU◇——◇——◇
Bruce LedesmaOPTION◇——◇—◇◇
Bruce LedesmaRSU◇——◇——◇
Bruce LedesmaOPTION◇——◇—◇◇
Bruce LedesmaPSU◇◇◇◇◇—◇
Charles BoyntonRSU◇——◇——◇
Charles BoyntonPSU◇◇◇◇◇—◇
Daniel ShugarRSU◇——◇——◇
Daniel ShugarPSU◇◇◇◇◇—◇
Daniel ShugarOPTION◇——◇—◇◇
Howard WengerPSU◇◇◇◇◇—◇
Howard WengerOPTION◇——◇—◇◇
Howard WengerRSU◇——◇——◇
Fiscal 2023, 2024, 2025 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 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Bruce LedesmaRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Charles BoyntonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Daniel ShugarRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Howard WengerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Nicholas MillerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
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.
Charles Boynton
Chief Financial Officer · Offer letter · dated March 15, 2024
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brandi Thomas
◇◇————◇
Willy Shih
◇◇————◇
Julie Blunden
◇◇————◇
Monica Karuturi
◇◇————◇
Mark Menezes
◇◇————◇
Jeffrey Guldner
◇◇————◇
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◇
Board chair 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.
Stock ownership guideline: 5x total annual cash retainer for Board and committee service

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Array Technologies, Inc. ARRY
  • Dropbox, Inc. DBX
  • EnerSys ENS
  • Enphase Energy, Inc. ENPH
  • F5, Inc. FFIV
  • First Solar, Inc. FSLR
  • Fluence Energy, Inc. FLNC
  • Juniper Networks, Inc. JNPR
  • Keysight Technologies, Inc. KEYS
  • NetApp, Inc. NTAP
  • nVent Electric plc NVT
  • Okta, Inc. OKTA
  • Pure Storage, Inc. PSTG
  • Resideo Technologies, Inc. REZI
  • Skyworks Solutions, Inc. SWKS
  • SolarEdge Technologies, Inc. SEDG
  • Sunnova Energy International Inc. NOVA
  • Sunrun Inc. RUN
  • Trimble Inc. TRMB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026August 18, 2026=◇◇◇
2025August 18, 2025=◇◇◇
2024August 19, 2024=◇◇◇
2023September 20, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Nextpower disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Nextpower 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.
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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.
323 figures on this page: 319 cited to the filing that reported them, 4 calculated from figures it prints.
319 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001852131-26-000052
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001852131-26-000038
    CEO Pay Ratio · Director Compensation Program · Grants of Plan-Based Awards · Outstanding Equity Awards at 2026 Fiscal Year-End · and 2 more sections
  3. 0001852131-25-000053
  4. 0001852131-25-000036
    Summary Compensation Table
  5. 0001852131-24-000018
  6. 0001628280-24-025460
    EX-10.21
  7. 0001140361-23-044967
  8. 0001140361-23-036830
    2023 Non-Qualified Deferred Compensation Table · Summary compensation table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Nextpower executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/NXT (accessed 2026).
Short form: data: Velarion

The Nextpower 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 briefGet the board briefNo account needed.
8 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 Nextpower discloses

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

Array Technologies, Inc.Dropbox, Inc.EnerSysEnphase Energy, Inc.F5, Inc.First Solar, Inc.Fluence Energy, Inc.Juniper Networks, Inc.Keysight Technologies, Inc.NetApp, Inc.nVent Electric plcOkta, Inc.Pure Storage, Inc.Resideo Technologies, Inc.Skyworks Solutions, Inc.SolarEdge Technologies, Inc.Sunnova Energy International Inc.Sunrun Inc.Trimble Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll 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}
}
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