Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2709

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 8
Chunk 2709
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 Wikborg.

78

Item 11. Executive Compensation

Summary Compensation Table

The following table sets
forth certain information with respect to compensation for the years ended December 31, 2024 and 2023, earned by or paid to
our Chief Executive Officer and our two other most highly compensated executive officers whose total compensation exceeded US$100,000
(the “named executive officers”). 

    Name
    and Principal Position 
    Year  
    Salary ($)  
    Bonus ($)  
    All Other Compensation ($)  
    Total ($) 
  
    Vincent
    Browne(1) 
     2024  
     192,000  
        
     44,100(2) 
     236,100 
  
    Chief Executive
    Officer and acting Chief Financial Officer 
     2023  
     192,000(1)(2) 
     193,000(3) 
        
     385,000 
  
    Joseph
    E. Duey(5) 
     2024  
     82,372  
        
     43,404(2) 
     125,776 
  
    Chief Financial
    Officer (Former) 
     2023  
     250,000  
     193,000(3) 
     18,000(2) 
     461,000 
  
    Taliesin Durant 
     2024  
     190,000  
        
     102,205(2)(4) 
     292,205 
  
    Chief Legal Officer 
     2023  
     190,000  
        
     54,305(2)(4) 
     244,305 

    (1)
    Mr. Browne’s salary
    includes fees earned by Vestco, a company he owns and controls, pursuant to a services agreement between VestCo and Alt Alliance
    LLC.

    (2)
    Other compensation includes
    car allowance (USA) 

    (3)
    Bonuses paid in October
    2023 for the fiscal year ended December 31, 2022.

    (4)
    Includes housing allowance
    effective July 2023.

    (5)
    Mr. Duey resigned from
    the Company effective April 30, 2024.

Employment Agreements.

Vincent Brow