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Tech — Hardware

Pioneer Power Solutions Executive Compensation (FY25)

PPSI · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
November 9, 2023
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Data as of October 26, 2026Latest filing (DEF 14A): September 22, 2026
6 filings cited on this page
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81 figures on this page: 78 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Nathan Mazurek: $2,722,160 → $687,500 (74.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
What was Pioneer Power Solutions' say-on-pay result?
For fiscal 2022, shareholders backed the say-on-pay proposal with 95.5% of votes cast including abstentions in favor at the meeting held November 9, 2023.

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
Walter Michalec
Chief Financial Officer, Secretary, and Treasurer
◇◇◇◇———◇
Nathan Mazurek
President, Chief Executive Officer, Chairman of the Board of Directors
◇——◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nathan Mazurek
President, Chief Executive Officer, Chairman of the Board of Directors
◇—◇◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nathan Mazurek
President, Chief Executive Officer, Chairman of the Board of Directors
◇◇—◇——◇◇
Walter Michalec
Chief Financial Officer, Secretary, and Treasurer
◇◇◇————◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nathan Mazurek
President, Chief Executive Officer, Chairman of the Board of Directors
◇—————◇◇
Walter Michalec
Chief Financial Officer, Secretary, and Treasurer
◇◇—————◇
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 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Nathan MazurekRSU———◇——◇
Walter MichalecOTHER——————◇
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 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Nathan MazurekOption◇—◇3/30/2027
Option◇—◇5/13/2031
Option◇—◇12/5/2034
Option◇—◇5/16/2033
Option◇—◇5/13/2031
Option◇—◇3/31/2030
Option◇—◇5/13/2032
Option◇—◇5/13/2032
Option◇—◇3/30/2027
Option◇—◇4/3/2028
Option◇—◇3/10/2026
Walter MichalecOption◇—◇5/13/2031
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jonathan Tulkoff
◇—————◇
David Tesler
◇—————◇
Yossi Cohn
◇—————◇
Ian Ross
◇—————◇
Thomas Klink
◇—————◇
Kytchener Whyte
◇—————◇
Nathan J. Mazurek served on the board in fiscal 2025 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 meeting fee◇

Disclosed peer group

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

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2022November 9, 2023=◇◇◇
2019November 12, 2020=◇◇◇
2016May 11, 2017=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Nathan Mazurek (President, Chief Executive Officer, Chairman of the Board of Directors), FY2025 total compensation $687,500 (base salary $675,500) [exec_comp, SEC accession 0001493152-26-043622, filed 2026-09-22]

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What this page does not include

Everything above is a fact Pioneer Power Solutions disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
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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Whether Pioneer Power Solutions' disclosed peer group is defensible, who names Pioneer Power Solutions back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
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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.
81 figures on this page: 78 cited to the filing that reported them, 3 calculated from figures it prints.
78 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001493152-26-043622
    DIRECTOR COMPENSATION
  2. 0001493152-25-016306
    CORPORATE GOVERNANCE AND BOARD OF DIRECTORS MATTERS&
  3. 0001493152-23-040513
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001387131-20-010019
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001387131-17-002667
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001493152-23-033370
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Pioneer Power Solutions executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PPSI (accessed 2026).
Short form: data: Velarion

The Pioneer Power Solutions brief, $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.
From $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
6 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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Tech — Hardware rankings

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Terms on this page

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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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