Ocean Power Technologies Management
Management criteria checks 3/4
Ocean Power Technologies' CEO is Philipp Stratmann, appointed in Jun 2021, has a tenure of 2.92 years. total yearly compensation is $868.07K, comprised of 41.5% salary and 58.5% bonuses, including company stock and options. directly owns 0.25% of the company’s shares, worth $27.75K. The average tenure of the management team and the board of directors is 2.4 years and 3.4 years respectively.
Key information
Philipp Stratmann
Chief executive officer
US$868.1k
Total compensation
| CEO salary percentage | 41.5% |
| CEO tenure | 2.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.4yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
Ocean Power announces planned transfer of Nasdaq listing to NYSE
Jun 08Ocean Power Technologies buys 3Dent Technology
Feb 02Did Business Growth Power Ocean Power Technologies' (NASDAQ:OPTT) Share Price Gain of 261%?
Jan 13
Ocean Power reports FQ2 results
Dec 07Ocean Power: Could Come Crashing Down
Dec 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jan 31 2024 | n/a | n/a | -US$30m |
| Oct 31 2023 | n/a | n/a | -US$30m |
| Jul 31 2023 | n/a | n/a | -US$28m |
| Apr 30 2023 | US$868k | US$360k | -US$26m |
| Jan 31 2023 | n/a | n/a | -US$22m |
| Oct 31 2022 | n/a | n/a | -US$21m |
| Jul 31 2022 | n/a | n/a | -US$22m |
| Apr 30 2022 | US$968k | US$345k | -US$19m |
| Jan 31 2022 | n/a | n/a | -US$19m |
| Oct 31 2021 | n/a | n/a | -US$17m |
| Jul 31 2021 | n/a | n/a | -US$14m |
| Apr 30 2021 | US$340k | US$240k | -US$15m |
Compensation vs Market: Philipp's total compensation ($USD868.07K) is above average for companies of similar size in the US market ($USD667.63K).
Compensation vs Earnings: Philipp's compensation has been consistent with company performance over the past year.
CEO
Philipp Stratmann (43 yo)
2.9yrs
Tenure
US$868,068
Compensation
Dr. Philipp Stratmann is Chief Executive Officer, President & Director of Ocean Power Technologies, Inc. from June 18, 2021. He served as the Vice President of Global Business Development at Ocean Power Te...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.9yrs | US$868.07k | 0.25% $ 27.8k | |
| Senior VP | 2.4yrs | US$562.50k | 0.13% $ 14.4k | |
| General Counsel & Secretary | no data | no data | no data | |
| Vice President of Global Sales | no data | no data | no data | |
| Chief Commercial Officer | less than a year | no data | 0.095% $ 10.5k |
2.4yrs
Average Tenure
43yo
Average Age
Experienced Management: OPTT's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2.9yrs | US$868.07k | 0.25% $ 27.8k | |
| Independent Director | 3.4yrs | US$191.00k | 0.31% $ 33.8k | |
| Independent Chairman of the Board | 11.6yrs | US$277.00k | 0.44% $ 48.2k | |
| Independent Director | 3.4yrs | US$165.00k | 0.31% $ 33.8k | |
| Independent Director | 3.4yrs | US$185.00k | 0.35% $ 38.5k | |
| Independent Director | 2.4yrs | US$153.00k | 0.27% $ 30.3k |
3.4yrs
Average Tenure
60yo
Average Age
Experienced Board: OPTT's board of directors are considered experienced (3.4 years average tenure).