Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 13

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 13
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 | Includes 10,000 shares issuable upon the exercise of stock options exercisable within 60 days of                                     
 February 27, 2025, 3,500 vested restricted stock units and 10,000 shares held by the Barbara J. Zipoy and Michael C. Zipoy Revocable 
 Trust of which Mr. Zipoy is a Trustee.                                                                                               |

<div align='center'>TRANSACTIONS WITH RELATED PERSONS,

PROMOTERS AND CERTAIN CONTROL PERSONS</div>

The Company was not
a party to any transactions with related persons, promoters or control persons during the last two fiscal years and is not currently
contemplating any such transactions.

<div align='center'>10

EXECUTIVE COMPENSATION</div>

Compensation Summary

The following table
summarizes information concerning the compensation awarded or paid to, or earned by, the Company’s Named Executive Officer
during 2024 and 2023.

<div align='center'>Summary Compensation Table</div>

| Name and principal position         | Year | Salary  
 ($)     | Bonus      
 ($)        | Option Awards ($) |     | Non-equity incentive plan compensation 
 ($)                                    |     | All other compensation 
 ($)(3)                 | Total   
 ($)     |
| David L. Klenk, President, CEO, CFO | 2024 
 2023 | 258,154 
 249,692 | 20,000 (1) 
 10,000 (2) | 0                 
 37,216            |     | 0                                      
 0                                      |     | 38,762                 
 39,264                 | 316,916 
 336,172 |

| (1) | Discretionary payment made under the 2024 Management Incentive Bonus Plan. |

| (2) | Discretionary payment made under the 2023 Management Incentive Bonus Plan. |

| (3) | Amounts reflect allocations to individual’s account of Company contributions to the ESOP,                                        
 401(k) Plan, and standard employee benefit plans. The Company matches 100% of the first 3% of employee 401(k) Plan contributions 
 and 50% of the next 2% of employee contributions. Standard employee benefits paid on behalf of Mr. Klenk were $28,036 and 401(k) 
 contributions were $10,726.                                                                                                      |

Compensation of Executive Officer

Mr. Klenk does not