Soluna Increases CEO John Belizaire's Salary to $600,000 with 100% Bonus Target
On July 9, Soluna Holdings' Compensation Committee approved a significant raise for its CEO, John Belizaire. His annual base salary was increased to $600,000 and he received a target bonus of the same amount, potentially bringing his total compensation package up to $1.2 million annually before additional incentives. The changes are retroactive to January 1, 2026, and were disclosed in an SEC filing on July 24 under Item 5.02(e). The decision followed input from Soluna's compensation consultant regarding market competitiveness and peer-group benchmarks. However, the specific performance goals or payout timelines for bonuses have not been detailed. Belizaire attributed recent revenue growth to operational improvements across Soluna’s portfolio, citing a 58% year-over-year increase in first-quarter revenue reported earlier this month.
Tickers: $SLNH
Topics: CEO salary compensation SEC filing