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Tech — Hardware

Nextpower Executive Compensation (FY26)

NXT · Fremont, CA · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026
◇
Daniel Shugar
Latest say-on-pay support
=
August 18, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 11, 2026Latest filing (8-K): August 19, 2026
8 filings cited on this page
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363 figures on this page: 359 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
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)
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 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 92.4% of votes cast including abstentions 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
◇—◇◇◇—◇◇
Howard Wenger
President
◇—◇◇◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer
◇—◇◇◇—◇◇
Charles Boynton
Chief Financial Officer
◇◇◇—◇—◇◇
Howard Wenger
President
◇—◇◇◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer
◇—◇◇◇—◇◇
Nicholas Miller
Chief Operating Officer
◇—◇◇◇—◇◇
David Bennett
Chief Accounting Officer and former Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2026
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Shugar
Chief Executive Officer
◇—◇◇◇—◇◇
Howard Wenger
President
◇—◇◇◇—◇◇
Charles Boynton
Chief Financial Officer
◇—◇—◇—◇◇
Bruce Ledesma
Chief Legal and Compliance Officer
◇—◇◇◇—◇◇
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 LedesmaRSU◇——◇——◇
Bruce LedesmaPSU◇◇◇—◇—◇
Bruce LedesmaOPTION◇——◇—◇◇
Charles BoyntonPSU◇◇◇—◇—◇
Charles BoyntonRSU◇——◇——◇
Daniel ShugarPSU◇◇◇—◇—◇
Daniel ShugarRSU◇——◇——◇
Daniel ShugarOPTION◇——◇—◇◇
Howard WengerPSU◇◇◇—◇—◇
Howard WengerRSU◇——◇——◇
Howard WengerOPTION◇——◇—◇◇
Nicholas MillerOPTION◇——◇—◇◇
Nicholas MillerRSU◇——◇——◇
Nicholas MillerPSU◇◇◇—◇—◇
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
Daniel ShugarOption◇—◇March 15, 2027
RSU◇◇——
RSU◇◇——
Option◇—◇June 21, 2033
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇May 21, 2034
RSU◇◇——
Option◇—◇May 23, 2035
PSU◇◇——
RSU◇◇——
Bruce LedesmaOption◇—◇March 15, 2027
RSU◇◇——
RSU◇◇——
Option◇—◇June 21, 2033
PSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇May 21, 2034
RSU◇◇——
Option◇—◇May 23, 2035
PSU◇◇——
RSU◇◇——
Howard WengerOption◇—◇March 15, 2027
RSU◇◇——
Option◇—◇May 21, 2034
RSU◇◇——
Option◇—◇June 21, 2033
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇May 23, 2035
PSU◇◇——
RSU◇◇——
Nicholas MillerOption◇—◇March 15, 2027
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇June 21, 2033
PSU◇◇——
Option◇—◇May 21, 2034
RSU◇◇——
Option◇—◇May 23, 2035
PSU◇◇——
RSU◇◇——
Charles BoyntonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
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
William Watkins
Board chair
◇◇————◇
Brandi Thomas
◇◇————◇
Willy Shih
◇◇————◇
Julie Blunden
◇◇————◇
Monica Karuturi
◇◇————◇
Mark Menezes
◇◇————◇
Jeffrey Guldner
◇◇————◇
Howard Wenger served on the board in fiscal 2026 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◇
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 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 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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Sample answer — “What is the CEO’s total compensation?”
- Daniel Shugar (Chief Executive Officer), FY2026 total compensation $22,204,244 (base salary $863,000) [exec_comp, SEC accession 0001852131-26-000038, filed 2026-07-07]

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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.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
363 figures on this page: 359 cited to the filing that reported them, 4 calculated from figures it prints.
359 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001852131-26-000052
    Proposal 3. Approval, on an Advisory Basis, of the Compensation of Our Named Executive Officers The results of the advisory vote regarding the Company’s fiscal year 2026 executive compensation as disc
  2. 0001852131-26-000038
    Director Compensation Program · Grants of Plan-Based Awards
  3. 0001852131-25-000053
    Proposal 3. Approval, on an Advisory Basis, of the Compensation of the Company’s Named Executive Officers The results of the advisory vote regarding the Company’s fiscal year 2025 executive compensati
  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
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Velarion, “Nextpower executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/NXT (accessed 2026).
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8 filings cited on this page
Method: intel.velarion.ai/methodology
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

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. PSTGResideo 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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