Tech — Software
Stem Inc Executive Compensation (FY25)
STEM · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Arun Narayanan | Latest say-on-pay support = June 3, 2026 |
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Data as of November 5, 2026Latest filing (8-K): June 3, 2026
8 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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221 figures on this page: 217 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.
More on Stem Inc
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
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 of record: John Carrington → Arun Narayanan
Frequently asked questions
Answers drawn from the data on this page.
Who is Stem Inc's chief executive and what were they paid?
Arun Narayanan was paid $2,068,248 in total compensation as Chief Executive Officer for fiscal 2025.
What was Stem Inc's say-on-pay result?
Shareholders supported the say-on-pay proposal with 92.6% of votes cast including abstentions in favor at the meeting held June 3, 2026 for fiscal 2025.
Which companies are in Stem Inc's peer group?
Companies named in the disclosed peer group include Arteris, Inc., Backblaze, Inc., Cerence Inc., ChargePoint Holdings, Inc. and CoreCard Corporation, among others.
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 |
|---|---|---|---|---|---|---|---|---|
John Carrington Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | — | ◇ |
William Bush Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | — | ◇ |
Saul Laureles Chief Legal Officer and Corporate Secretary | ◇ | — | ◇ | ◇ | ◇ | — | — | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Bush Chief Financial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
John Carrington Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Saul Laureles Chief Legal Officer and Corporate Secretary | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Alan Russo Chief Revenue Officer | ◇ | — | ◇ | ◇ | ◇ | — | — | ◇ |
Prakesh Patel Chief Strategy Officer | ◇ | — | ◇ | ◇ | ◇ | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
John Carrington Former Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Doran Hole Chief Financial Officer and EVP | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Michael Carlson Chief Operating Officer | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
David Buzby Former Executive Chair of the Board and Interim CEO Departed during or after this year Served on an interim basis | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Arun Narayanan Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michael Carlson President, Managed Services & OEM Hardware | ◇ | ◇ | ◇ | ◇ | — | — | — | ◇ |
Saul Laureles Chief Legal Officer and Corporate Secretary | ◇ | ◇ | ◇ | ◇ | — | — | ◇ | ◇ |
David Buzby Former Interim Chief Executive Officer and Executive Chair of the Board Departed during or after this year Served on an interim basis | ◇ | — | ◇ | ◇ | — | — | — | ◇ |
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 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Arun Narayanan | OTHER | — | — | — | — | — | — | ◇ |
| David Buzby | OPTION | — | — | — | — | — | — | ◇ |
| David Buzby | OTHER | — | — | — | — | — | — | ◇ |
| Michael Carlson | OPTION | — | — | — | — | — | — | ◇ |
| Michael Carlson | OTHER | — | — | — | — | — | — | ◇ |
| Saul Laureles | OTHER | — | — | — | — | — | — | ◇ |
| Saul Laureles | OPTION | — | — | — | — | — | — | ◇ |
Fiscal 2023, 2024 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 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Arun Narayanan | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Saul Laureles | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 6/30/2035 | |
| Option | ◇ | — | ◇ | 2/15/2034 | |
| Option | ◇ | — | ◇ | 2/15/2033 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 3/1/2032 | |
| RSU | ◇ | ◇ | — | — | |
| Michael Carlson | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 6/30/2035 | |
| Option | ◇ | — | ◇ | 2/15/2034 | |
| Option | ◇ | — | ◇ | 2/15/2033 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 9/26/2032 | |
| RSU | ◇ | ◇ | — | — | |
| David Buzby | 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.
Arun Narayanan
Chief Executive Officer · Employment agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
David Buzby
Former Interim Chief Executive Officer and Executive Chair of the Board · Employment agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
Michael Carlson
President, Managed Services & OEM Hardware · Employment agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
Saul Laureles
Chief Legal Officer and Corporate Secretary · Employment agreement
| Severance multiple | ◇ |
| Severance base | ◇ |
| Change-in-control multiple | ◇ |
| Equity acceleration on change in control | ◇ |
| Benefits continuation on change in control | ◇ |
| Benefits continuation | ◇ |
| Non-solicit period | ◇ |
| Clawback | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Laura D'Andrea Tyson | ◇ | ◇ | — | — | — | — | ◇ |
Anil Tammineedi | ◇ | ◇ | — | — | — | — | ◇ |
Krishna Shivram | ◇ | ◇ | — | — | — | — | ◇ |
Vasudevan (Vasu) Guruswamy | ◇ | ◇ | — | — | — | — | ◇ |
Ira Birns | ◇ | ◇ | — | — | — | — | ◇ |
Adam E. Daley | ◇ | ◇ | — | — | — | — | ◇ |
Gerard Cunningham | ◇ | — | — | — | — | — | ◇ |
Jane Woodward | ◇ | — | — | — | — | — | ◇ |
Arun Narayanan and David Buzby 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 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 | ◇ |
Stock ownership guideline: As of March 31, 2025, all of our NEOs and board members were in compliance with our stock ownership guidelines.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Arteris, Inc. AIP
- Backblaze, Inc. BLZE
- Cerence Inc. CRNC
- ChargePoint Holdings, Inc. CHPT
- CoreCard Corporation CCRD
- CPI Card Group Inc. PMTS
- Crexendo, Inc. CXDO
- CS Disco, Inc. LAW
- Kaltura, Inc. KLTR
- LivePerson, Inc. LPSN
- ON24, Inc. ONTF
- Ooma, Inc. OOMA
- Rimini Street, Inc. RMNI
- SoundThinking, Inc. SSTI
- Spire Global, Inc. SPIR
- Synchronoss Technologies, Inc. SNCR
- Telos Corporation TLS
- Tucows Inc. TCX
- Upland Software, Inc. UPLD
- Veritone, Inc. VERI
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 3, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 4, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 29, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | June 7, 2023 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Arun Narayanan (Chief Executive Officer), FY2025 total compensation $2,068,248 (base salary $520,266) [exec_comp, SEC accession 0001758766-26-000037, filed 2026-04-24]What this page does not include
Everything above is a fact Stem Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stem Inc 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 — $500Written 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 — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable 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 IntelligenceAdviser 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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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
221 figures on this page: 217 cited to the filing that reported them, 4 calculated from figures it prints.
217 cited to the filing
4 calculated from the filing
Documents cited
- 0001758766-26-000059Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001758766-26-0000372025 Non-Employee Director Compensation Table · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Potential Payments Upon Termination · and 1 more section
- 0001193125-25-135268
- 0001193125-25-091355
- 0001758766-24-000108Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001758766-24-000069EXECUTIVE COMPENSATION TABLES
- 0001758766-23-000088Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Stem Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/STEM (accessed 2026).
Short form: data: Velarion
The paid brief for Stem Inc
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.
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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Tech — Software rankings
Peers Stem Inc discloses
The companies named in STEM's own disclosed peer group.
Arteris, Inc.Backblaze, Inc.Cerence Inc.ChargePoint Holdings, Inc.CoreCard CorporationCPI Card Group Inc.Crexendo, Inc.CS Disco, Inc.Kaltura, Inc.LivePerson, Inc.ON24, Inc.Ooma, Inc.Rimini Street, Inc.SoundThinking, Inc.Spire Global, Inc.Synchronoss Technologies, Inc.Telos CorporationTucows Inc.Upland Software, Inc.Veritone, Inc.
Terms on this page
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}
}