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

Pay Versus Performance

 

The following table sets forth information concerning the pay versus performance for our current named executive officers for their services in all capacities to us during 2025, 2024 and 2023.

 

Name and Principal Position

 

Year

 

Summary Compensation Table Total ($)

   

Compensation Actually Paid ($)(1)

   

Value of Initial Fund $100 Investment Based on TSR ($)(2)

   

Net Income Attributable to Ultralife ($000)

 

Michael E. Manna, President and Chief Executive Officer

 

2025

    434,114       373,148       148       (5,898 )
   

2024

    489,177       527,675       193       6,312  
   

2023

    779,043       887,321       177       7,197  

Philip A. Fain, Chief Financial Officer, Treasurer and Secretary

 

2025

    394,145       351,980       148       (5,898 )
   

2024

    445,987       479,910       193       6,312  
   

2023

    653,452       775,864       177       7,197  

 

 

(1)

Represents total compensation from the Summary Compensation Table with the following adjustments:

   
PEO Total Compensation Amount $ 434,114 $ 489,177 $ 779,043
PEO Actually Paid Compensation Amount $ 373,148 527,675 887,321
Adjustment To PEO Compensation, Footnote

 

Name and Principal Position

 

Year

 

Summary Compensation Table Total ($)

   

Grant date fair value of stock options granted during the year ($)

   

Year end fair value of stock options granted during the year that were outstanding and unvested as of year end ($)

   

Change in fair value from prior year end to vesting date of stock options that vested during the year ($)

   

Change in fair value of stock options granted in prior years that were outstanding and unvested as of year end ($)

   

Prior year end fair value of stock options granted in prior years that were forfeited during the year ($)

   

Compensation Actually Paid ($)

 

Michael E. Manna, President and

 

2025

    434,114       0       0       (26,411 )     (34,555 )     -       373,148  
Chief Executive Officer  

2024

    489,177       (81,652 )     75,854       30,109       14,187       -       527,675  
   

2023

    779,043       (106,004 )     137,980       45,332       30,970       -       887,321  

Philip A. Fain, Chief Financial

 

2025

    394,145       0       0       (20,570 )     (21,595 )     -       351,980  
Officer, Treasurer and Secretary  

2024

    445,987       (61,240 )     56,890       28,870       9,402       -       479,910  
   

2023

    653,452       (65,628 )     65,842       72,644       49,554       -       775,864  

 

 

(2)

Represents the value as of the end of the year indicated of $100 invested on December 31, 2022 in the Company’s common stock.

 

 

   
Non-PEO NEO Average Total Compensation Amount $ 394,145 445,987 653,452
Non-PEO NEO Average Compensation Actually Paid Amount $ 351,980 479,910 775,864
Adjustment to Non-PEO NEO Compensation Footnote

 

Name and Principal Position

 

Year

 

Summary Compensation Table Total ($)

   

Grant date fair value of stock options granted during the year ($)

   

Year end fair value of stock options granted during the year that were outstanding and unvested as of year end ($)

   

Change in fair value from prior year end to vesting date of stock options that vested during the year ($)

   

Change in fair value of stock options granted in prior years that were outstanding and unvested as of year end ($)

   

Prior year end fair value of stock options granted in prior years that were forfeited during the year ($)

   

Compensation Actually Paid ($)

 

Michael E. Manna, President and

 

2025

    434,114       0       0       (26,411 )     (34,555 )     -       373,148  
Chief Executive Officer  

2024

    489,177       (81,652 )     75,854       30,109       14,187       -       527,675  
   

2023

    779,043       (106,004 )     137,980       45,332       30,970       -       887,321  

Philip A. Fain, Chief Financial

 

2025

    394,145       0       0       (20,570 )     (21,595 )     -       351,980  
Officer, Treasurer and Secretary  

2024

    445,987       (61,240 )     56,890       28,870       9,402       -       479,910  
   

2023

    653,452       (65,628 )     65,842       72,644       49,554       -       775,864  

 

 

(2)

Represents the value as of the end of the year indicated of $100 invested on December 31, 2022 in the Company’s common stock.

 

 

   
Total Shareholder Return Amount $ 148 193 177
Net Income (Loss) (5,898,000) 6,312,000 7,197,000
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 (81,652) (106,004)
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 0 75,854 137,980
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 (34,555) 14,187 30,970
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 (26,411) 30,109 45,332
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 0 0 0
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 0 (61,240) (65,628)
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 0 56,890 65,842
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 (21,595) 9,402 49,554
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 (20,570) 28,870 72,644
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 $ 0 $ 0 $ 0