Ocean Power Technologies CEO Philipp Stratmann's 2024 pay slips 1% to $859K
Ocean Power Technologies reports 2024 executive compensation
By ExecPay News
Published: 2 hours ago
Ocean Power Technologies reported fiscal year 2024 executive compensation information on November 18, 2024.
In 2024, four executives at Ocean Power Technologies received on average a compensation package of $533K, a 2% increase compared to previous year.
Average pay of disclosed executives at Ocean Power Technologies
Philipp Stratmann, Chief Executive Officer, received $859K in total, which decreased by 1% compared to 2023. 43% of Stratmann's compensation, or $373K, was in salary. Stratmann also received $180K in bonus, $289K in stock awards, as well as $17K in other compensation.
Robert Powers, Chief Financial Officer, received a compensation package of $572K, which increased by 2% compared to previous year. 53% of the compensation package, or $301K, was in salary.
Matthew Burdyny, Chief Commercial Officer, earned $474K in 2024, a 14% increase compared to previous year.
Joseph DiPietro, Controller and Treasurer Former, received $228K in 2024, which decreases by 10% compared to 2023.
Ocean Power Technologies' fiscal year ends on April 30.
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Source: SEC filing on November 18, 2024.