Ideal Power Inc. Definitive proxy statements

Definitive proxy statements

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following information regarding the relationship between executive compensation actually paid (“CAP”) for our principal executive officer (“PEO”) and Non-PEO NEOs, and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. The CAP amounts shown in the table below do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year.

Year	Summary Compensation Table Total for PEO⁽¹⁾		Compensation Actually Paid to PEO⁽²⁾		Average Summary Compensation Table Total for Non-PEO NEOs⁽¹⁾		Average Compensation Actually Paid to Non-PEO NEOs⁽³⁾		Value of Initial Fixed $100 Investment Based On Total Shareholder Return⁽⁴⁾		Net Loss
2024		1,180,139		1,093,370		669,293		631,251		328		(10,417,813	)
2023		627,699		92,157		400,334		152,584		338		(9,954,020	)
2022		1,536,109		1,445,043		875,602		849,761		465		(7,189,350	)
2021		1,280,586		1,516,526		578,675		678,467		524		(4,770,269	)
2020		996,317		1,089,128		541,384		603,257		355		(7,793,897	)

(1)	R. Daniel Brdar was our PEO for each year presented. Our only non-PEO NEO for each year presented was Timothy Burns, our CFO.

PEO Total Compensation Amount

$ 1,180,139

$ 627,699

$ 1,536,109

$ 1,280,586

$ 996,317

PEO Actually Paid Compensation Amount

$ 1,093,370

92,157

1,445,043

1,516,526

1,089,128

Adjustment To PEO Compensation, Footnote

(2)

CAP reflects the exclusions and inclusions of certain amounts for the PEO as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards for PEO column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Inclusion of Equity Values for PEO are derived from the second table in this footnote.

Year	Summary Compensation Table Total for PEO		Exclusion of Stock Awards for PEO			Inclusion of Equity Values for PEO			CAP to PEO
2024		1,180,139		(599,250	)		512,481			1,093,370
2023		627,699		—			(535,542	)		92,157
2022		1,536,109		(909,841	)		818,775			1,445,043
2021		1,280,586		(732,000	)		967,940			1,516,526
2020		996,317		(437,116	)		529,927			1,089,128

Year	Year-End Fair Value of Unvested Equity Awards Granted During the Year for PEO		Change in Fair Value of Unvested Equity Awards Granted in Prior Years for PEO			Change in Fair Value to Vesting Date of Equity Awards Granted and Vested During Year for PEO		Change in Fair Value to Vesting Date of Equity Awards Granted in Prior Years for PEO			Inclusion of Equity Values for PEO
2024		641,750		(93,669	)		—		(35,600	)		512,481
2023		—		(432,642	)		—		(102,900	)		(535,542	)
2022		936,971		(68,000	)		—		(50,196	)		818,775
2021		904,500		24,945			—		38,494			967,940
2020		—		74,248			437,116		18,563			529,927

Non-PEO NEO Average Total Compensation Amount

$ 669,293

400,334

875,602

578,675

541,384

Non-PEO NEO Average Compensation Actually Paid Amount

$ 631,251

152,584

849,761

678,467

603,257

Adjustment to Non-PEO NEO Compensation Footnote

(3)

CAP reflects the exclusions and inclusions of certain amounts for the non-PEO NEO as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards for non-PEO NEO column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Inclusion of Equity Values for non-PEO NEO are derived from the second table in this footnote.

Year	Summary Compensation Table Total for non-PEO NEO		Exclusion of Stock Awards for non-PEO NEO			Inclusion of Equity Values for non-PEO NEO			CAP to non- PEO NEO
2024		669,293		(282,000	)		243,958			631,251
2023		400,334		—			(247,750	)		152,584
2022		875,602		(520,866	)		495,025			849,761
2021		578,675		(244,000	)		343,792			678,467
2020		541,384		(213,122	)		274,995			603,257

Year	Year-End Fair Value of Unvested Equity Awards Granted During the Year for non-PEO NEO		Change in Fair Value of Unvested Equity Awards Granted in Prior Years for non-PEO NEO			Change in Fair Value to Vesting Date of Equity Awards Granted and Vested During Year for non-PEO NEO		Change in Fair Value to Vesting Date of Equity Awards Granted in Prior Years for non-PEO NEO			Inclusion of Equity Values for non-PEO NEO
2024		302,000		(37,951	)		—		(20,091	)		243,958
2023		—		(196,297	)		—		(51,453	)		(247,750	)
2022		536,239		(22,666	)		—		(18,548	)		495,025
2021		301,500		16,628			—		25,664			343,792
2020		—		49,497			213,122		12,376			274,995

(4)	Assumes $100 was invested for the period starting December 31, 1999, through the end of the listed year in the Company. Historical stock performance is not necessarily indicative of future stock performance.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid and TSR

As demonstrated by the following graph, the CAP to the Company’s PEOs and the average amount of CAP to the Company’s non-PEO NEOs are aligned with the Company’s cumulative TSR over the five years presented in the pay versus performance table above with the exception that compensation actually paid in 2023 was significantly lower than in the other years due to a lack of equity grants during the year.

Compensation Actually Paid vs. Net Income

Compensation Actually Paid and Net Loss

As demonstrated by the following graph, the CAP to the Company’s PEOs and the average amount of CAP to the Company’s non-PEO NEOs are aligned with the Company’s net loss over the five years presented in the pay versus performance table above with the exception that compensation actually paid in 2023 was significantly lower than in the other years due to a lack of equity grants during the year.