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Pay vs Performance Disclosure - USD ($)
12 Months Ended 36 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2025
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

 

PAY VERSUS PERFORMANCE

 

We are providing the following information about the relationship between executive compensation actually paid (CAP) and certain financial performance of Fuel Tech as required by SEC rules. Please see Summary of Named Executive Officer Compensation, above for discussion of our compensation program.

 

Year

 

Summary

Compensation Table

Total for PEO(1)

   

Compensation

Actually Paid to

PEO(2)

   

Average Summary Compensation Table

Total for Non-PEO

NEOs (3)

   

Average

Compensation

Actually Paid to Non-

PEO NEOs (4)

   

Value of Initial

Fixed $100

Investment Based

on Total

Shareholder

Return($) (5)

   

Fuel Tech

Net Income

(Loss) ($) (6)

 

2025

    788,338       833,307       466,179       482,418       148.57       (2,324,000)  

2024

    449,483       316,312       354,629       307,981       82.68       (1,943,000)  

2023

    913,486       810,080       508,801       474,498       82.68       (1,538,000)  

 


(1)

Amounts shown reflect total compensation set forth in the Summary Compensation Table for our PEO, Mr. Arnone, for 2023, 2024 and 2025.

     
PEO Total Compensation Amount $ 788,338 $ 449,483 $ 913,486  
PEO Actually Paid Compensation Amount $ 833,307 316,312 810,080  
Adjustment To PEO Compensation, Footnote
(2)

The following tables describes the adjustments, each of which is prescribed by SEC rule, to calculate the CAP amounts from the summary compensation table (SCT) amounts.

 

Compensation Actually Paid to PEO:

Year

 

Summary

Compensation Table

Total for PEO

   

Deduct Equity

Awards (A)

   

Equity Award

Adjustment (B)

   

Compensation

Actually Paid to PEO

 

2025

  $ 788,338     $ (338,604 )   $ 383,573     $ 833,307  

2024

    449,483             (133,171 )     316,312  

2023

    913,486       (420,353 )     316,947       810,080  

 

 

(A)

Represents the amounts reported in the Equity Awards column in the Summary Compensation Table for the applicable year

  (B)

Represents the stock award adjustments (deductions and additions) for Non-PEO NEO stock awards for each applicable year calculated as follows:

 

PEO Equity Award Adjustment:

Year

 

Year-End Fair

Value of

Outstanding and

Unvested Equity

Awards Granted

during the Year

   

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards

   

Fair Value as of

Vesting Date of

Equity Awards

Granted and

Vested in the

Year

   

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in

the Year

   

Fair Value at

the End of

the Prior

Fiscal Year of

Equity

Awards that

Failed to

Meet Vesting

Conditions

During the

Year

   

Total Equity

Award

Adjustments

 

2025

  $ 520,416       10,781             4,164       (151,788 )     383,573  

2024

                      7,957       (141,128 )     (133,171 )

2023

    350,280       (33,333 )                       316,947  

 

     
Non-PEO NEO Average Total Compensation Amount $ 466,179 354,629 508,801  
Non-PEO NEO Average Compensation Actually Paid Amount $ 482,418 307,981 474,498  
Adjustment to Non-PEO NEO Compensation Footnote
(3)

Amounts shown reflect average total compensation set forth in the Summary Compensation Table for our NEOs, Ms. Albrecht and Mr. Cummings, for fiscal 2023, 2024 and 2025.

 

 

(4)

The following tables describe the adjustments, each of which is prescribed by SEC rules to calculate the CAP amounts from the SCT amounts.

 

Average Compensation Actually Paid to Non-PEO NEO (all amounts are averages):

Year

 

Summary

Compensation Table

Total for Non-PEO NEO

   

Deduct Equity

Awards (A)

   

Equity Award

Adjustment (B)

   

Compensation

Actually Paid to Non-

PEO NEO

 

2025

  $ 466,179     $ (118,152 )   $ 134,391     $ 482,418  

2024

    354,629             (46,648 )     307,981  

2023

    508,801       (141,172 )     106,869       474,498  

 

Average Non-PEO NEO Equity Award Adjustment:

Year

 

Year-End Fair

Value of

Outstanding and

Unvested Equity

Awards Granted

during the Year

   

Change in Fair

Value of

Outstanding

and Unvested

Equity Awards

   

Fair Value as of

Vesting Date of

Equity Awards

Granted and

Vested in the

Year

   

Change in Fair

Value of

Equity Awards

Granted in

Prior Years

that Vested in

the Year

   

Fair Value at

the End of

the Prior

Fiscal Year of

Equity

Awards that

Failed to

Meet Vesting

Conditions During the

Year

   

Total Equity

Award

Adjustments

 

2025

  $ 182,280     $ 3,796     $     $ 1,459       (53,144 )     134,391  

2024

                      2,880       (49,348 )     (46,648 )

2023

    122,640       (15,771 )                       106,869  

 

(5)

Amounts shown represent cumulative stockholder return assuming an initial investment of $100 on January 1, 2023.

 

(6)

The amounts reported in this column represent net income (loss) reflected in the Company's audited financial statements for the applicable year.

     
Compensation Actually Paid vs. Company Selected Measure

Analysis of Information Presented in the Pay Versus Performance Table

 

We are providing the following descriptions of the relationships between information presented in the Pay Versus Performance table, including CAP, as required by Item 402(v) of Regulation S-K. The Compensation Committee does not use TSR or net income (loss) in its compensation programs. However, we do utilize several other performance measures to align executive compensation with our performance, see Executive Compensation.

 

 

In fiscal 2023, compensation actually paid to the PEO equaled $810,080, and compensation actually paid to our non-PEO NEO’s averaged 474,498. These compensation levels are reflective of the elimination of the voluntary officer salary reduction program in the first half of 2023, the award of restricted stock units (subject to vesting contingent upon achieving performance conditions) pursuant to each officer’s 2023 Executive Performance RSU Agreement, a one-time cash bonus of $50,000 for Mr. Arnone and higher sales commission levels earned by Mr. Cummings. During this period, Fuel Tech’s common stock lost approximately 17% in value and Fuel Tech recorded an operating loss of ($1,538,000).

 

 

In fiscal 2024, compensation actually paid to the PEO decreased by $493,768, or approximately 61 percent, and compensation actually paid to the non-PEO NEO’s decreased by $155,517, or approximately 33 percent. The decrease in compensation is primarily attributable to the failure to vest of 135,700 RSUs for our PEO and an average of 94,900 RSUs for our two non-PEO NEOs. During this period, Fuel Tech’s common stock remained the same in value ($1.04) and Fuel Tech recorded an operating loss of ($1,943,000).

 

 

In fiscal 2025, Fuel Tech’s total stockholder return increased significantly to $149.99 (a 49.99% annual increase), while net loss increased to (2,324,000). The compensation actually paid to the PEO increased to $833,307 and the average compensation payable to the non-PEO NEO’s increased to $482,418. This compensation increases were primarily attributable to the award of restricted stock units (subject to vesting contingent upon achievement of performance conditions).

 

     
Total Shareholder Return Amount $ 148.57 82.68 82.68  
Net Income (Loss) (2,324,000) (1,943,000) (1,538,000)  
PEO Name       Mr. Arnone
PEO | Equity Awards Adjustments        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 383,573 (133,171) 316,947  
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (338,604) 0 (420,353)  
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 520,416 0 350,280  
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 10,781 0 (33,333)  
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0  
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,164 7,957 0  
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (151,788) (141,128) 0  
Non-PEO NEO | Equity Awards Adjustments        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 134,391 (46,648) 106,869  
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (118,152) 0 (141,172)  
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 182,280 0 122,640  
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,796 0 (15,771)  
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0  
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,459 2,880 0  
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (53,144) $ (49,348) $ 0