Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 111

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 111
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 failed to timely file Form 4s on October 31, 2024, to report the disposition
of 8,000 shares of Common Stock, on November 1, 2024, to report the disposition of 31,300 shares of Common Stock, and on November 4,
2024, to report the disposition of 20,600 shares of Common Stock.

69

Item
11. Executive Compensation

Compensation
Philosophy

The
primary objectives of our compensation policies are to attract, retain, motivate, develop, and reward our\ management team for executing
our strategic business plan, thereby enhancing stockholder value, while recognizing and rewarding individual and Company performance.
These compensation policies include: (i) an overall management compensation program that is competitive with companies of similar size
or within our industries and (ii) long-term incentive compensation in the form of stock-based compensation that is aimed towards encouraging
management to continue to focus on stockholder returns. Our executive compensation program ties a substantial portion of our executives’
overall compensation to key strategic, financial, and operational goals, including: establishing and maintaining customer relationships;
meeting revenue targets and profit and expense targets; growing our assets under management; evolving our AI business; and improving
operational efficiency.

We
believe that potential equity ownership in the Company is important to provide executive officers with incentives to build value for
our stockholders. We believe that equity awards provide executives with a strong link to our short-term and long-term performance while
creating an ownership culture to maintain the alignment of interests between our executives and our stockholders. When implemented responsibly,
we also believe these equity incentives can function as a powerful executive retention tool.

The
Compensation Committee of the Board, consisting entirely of independent directors, administers our compensation plans and policies, including
the establishment of policies that govern base salary as well as short-term and long-term incentives for our executive management team.

Summary
of Cash and Other Compensation

The
following table sets forth the total compensation awarded to, earned by, or paid to, for services rendered in all capacities to the Company
during the fiscal years ended December 31, 2024 and December 31, 2023, our “named executive officers,” as defined in SEC
rules.

SUMMARY
COMPENSATION TABLE

    Name and Principal 
       
    Salary  
    Stock Awards  
    All Other Compensation  
    Total 
  
    Position 
    Year  
    ($)  
    ($)(