The NASDAQ-listed firm retroactively raised its CEO’s annual pay to $1.2 million including target incentives.
Soluna Holdings approved a $600,000 annual base salary for CEO John Belizaire, effective January 1, 2026, with a target bonus equal to 100% of base pay. The move follows a 58% year-over-year revenue increase in the first quarter.
The compensation committee cited market competitiveness and peer-group benchmarks in its decision. The bonus remains discretionary, tied to performance goals not disclosed in the filing. Soluna reported the changes in an SEC filing dated July 24.
At the target level, Belizaire’s total compensation could reach $1.2 million annually, excluding other compensation. The filing did not specify bonus payout timing or performance metrics.