Ocean Power Technologies CEO Philipp Stratmann's 2022 pay jumps 184% to $968K
Ocean Power Technologies reports 2022 executive compensation
By ExecPay News
Published: October 19, 2022
Ocean Power Technologies reported fiscal year 2022 executive compensation information on October 19, 2022.
In 2022, five executives at Ocean Power Technologies received on average a compensation package of $437K, a 22% decrease compared to previous year.
Average pay of disclosed executives at Ocean Power Technologies
Philipp Stratmann, Chief Executive Officer, received $968K in total, which increased by 184% compared to 2021. 36% of Stratmann's compensation, or $349K, was in stock awards. Stratmann also received $54K in bonus, $117K in option awards, $345K in salary, as well as $103K in other compensation.
George H. Kirby III, Chief Executive Officer, received a compensation package of $505K, which decreased by 39% compared to previous year. 100% of the compensation package, or $505K, was in salary.
Robert Powers, Chief Financial Officer, earned $404K in 2022.
Joseph DiPietro, Principal Accounting Officer, Controller, and Treasurer, received $187K in 2022.
Matthew T. Shafer, Chief Financial Officer, earned $120K in 2022, a 76% decrease compared to previous year.
Ocean Power Technologies' fiscal year ends on April 30.
Related executives
Philipp Stratmann
Ocean Power Technologies
Chief Executive Officer
Robert Powers
Ocean Power Technologies
Chief Financial Officer
Joseph DiPietro
Ocean Power Technologies
Controller and Treasurer Former
George Kirby
Ocean Power Technologies
Chief Executive Officer
Matthew Shafer
Ocean Power Technologies
Chief Financial Officer
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Source: SEC filing on October 19, 2022.