Company: ELSE
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000897101-25-000161
Chunk: 16

Company: ELECTRO SENSORS INC
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 16
---
 for                
 non-PEO named      
 executive officers 
 ($)                | Compensation     
 actually paid to 
 non-PEO          
 named            
 officers         
 ($)              |    Value of 
  Fixed $100 
  Investment 
    Based on 
       Total 
 Shareholder 
      Return | Net Income 
        ($) |
| 2024 |            316,916 |          316,916 | Not applicable     | Not applicable   |      107.44 |    446,000 |
| 2023 |            336,172 |          336,172 | Not applicable     | Not applicable   |       79.00 |    275,000 |
| 2022 |            327,306 |          327,306 | Not applicable     | Not applicable   |       93.97 |    100,000 |

The Company’s principal executive officer, David L. Klenk, currently also serves as the Company’s chief financial officer. There are no other Named Executive Officers of the Company. The compensation actually paid to Mr. Klenk in 2024 and 2023 is the same as the amount appearing in the Summary Compensation Table. There were no defined benefit plans or actuarial pension plans covering the principal executive officer in 2024, 2023, or 2022. Mr. Klenk was granted options to purchase 25,000 shares in 2023 with 20% vesting upon the date of the grant and 20% vesting annually thereafter. Mr. Klenk was also granted 35,000 restricted stock units in 2023 which vest 20% on the first anniversary of the grant and 20% annually thereafter. There were no equity awards granted to Mr. Klenk in 2024 and 2022. Mr. Klenk had 5,000 stock options vest each year in 2023 and 2024, and had 7,000 restricted stock units vest during 2024. There were no equity awards from prior years that first vested in either 2023 or 2022.

12

Analysis of the Information Presented in the Pay Versus Performance Table

Compensation Actually Paid and Cumulative TSR

The following graph shows the relationship
of “compensation actually paid” to our principal executive officer in 2024, 2023 and 2022 to the cumulative TSR of
Electro-Sensors assuming an initial investment of $100.

Compensation Actually Paid and Net Income