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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

 

The following table summarizes compensation paid to our Executive Officers and company performance metrics. Compensation is shown based on compensation provided during fiscal year 2023, and also is calculated as compensation "Actually Paid" according to SEC regulations that account for changes in the value of issued but unvested options during the year.

 

Year

  

Summary Compensation table total for PEO

    

Compensation Actually Paid to CEO

    

Average summary compensation table total for non-PEO named executive officers

    

Average compensation actually paid to non-PEO named executive officers

    

Value of initial fixed $100 investment based on Aemetis shareholder return

    

Aemetis GAAP Net income ($000s)

  

2023

   $ 1,760,000     $ 1,760,000     $ 1,112,349     $ 2,491,389     $ 210     $ (46,420 )

2022

   $ 460,000     $ 460,000     $ 1,808,819     $ (401,736 )   $ 159     $ (107,758 )

2021

   $ 2,427,700     $ 2,427,700     $ 854,826     $ 5,177,847     $ 494     $ (47,147 )

 

Our Chief Executive Officer (“CEO”), Eric A. McAfee, served as our Principal Executive Officer (“PEO”) during 2021 to 2023. The compensation for our other Named Executive Officers (“Non-PEO NEOs”) is the average of compensation for Todd A. Waltz, Andrew B. Foster, and Sanjeev Gupta during years 2021 to 2023.  Mr. Rockett's 2023 salary is excluded from the average because it reflects only a partial year so would lower the average.

    
PEO Total Compensation Amount $ 1,760,000 $ 460,000 $ 2,427,700
PEO Actually Paid Compensation Amount 1,760,000 460,000 2,427,700
Non-PEO NEO Average Total Compensation Amount 1,112,349 1,808,819 854,826
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,491,389 (401,736) 5,177,847
Adjustment to Non-PEO NEO Compensation Footnote

For each year, the values included for compensation "Actually Paid" to our non-CEO NEOs reflect the following adjustments to the summary compensation values:  

 

   

2021

    

2022

    

2023

  

Change in Option Value:

                        

Deduct Option Grants During Year, Value at Time of Grant

                   $ (514,694 )

(i) Add, Option Grants During Year, Value of Unvested at End of Year

                   $ 685,171  

(ii) Add Prior Unvested Options, Change in Value of Unvested at End of Year

                   $ 945,242  

(iii) Add Option Grants During Year, Value at Vesting During Year

                   $ 132,946  

(iv) Add Prior Unvested Options, Change in Value of Vested During Year

                   $ 130,374  

Net Change in Option Value

   $ 4,323,021     $ (2,210,555 )   $ 1,379,039  

Summary Compensation Table - Total Compensation

   $ 854,826     $ 1,808,819     $ 1,112,349  

Compensation Actually Paid (Average Non-PEO NEOs)

   $ 5,177,847     $ (401,736 )   $ 2,491,389  

 

For purpose of calculating the "Actually Paid" compensation, the value of stock options as of the end of a calendar year or as of a vesting date is based on a Black-Scholes valuation model using the following assumptions, expressed as a range over the applicable calendar year:

 

   

2021

    

2022

    

2023

  
Stock Price   $2.96 – $26.19     $3.75 – $12.38     $2.03 - $7.58  

Expected Life

    3.50 – 6.42      3.50 –  6.17      3.50 - 5.625  

Risk-Free Rate

    0.27% – 1.39%      1.25% – 4.27%      3.36% - 4.81%  

Volatility

    114.20% – 132.92%      116.50% – 129.33%      118.74% - 122.52%  

Dividend Yield

     0%         0%         0%    

 

 

    
Compensation Actually Paid vs. Total Shareholder Return

Pay Versus Performance Relationship

 

The following charts describe the relationship between the amounts included in the Pay versus Performance Table for each of 201, 2022, and 2023, including a comparison of Compensation Actually Paid to the CEO and the average Compensation Actually Paid to our non-CEO NEOs, and each of the two performance measures set forth the Pay versus Performance Table.

 

pvp01.jpg
    
Compensation Actually Paid vs. Net Income
pvp02.jpg

 

 

    
Total Shareholder Return Amount $ 210 159 494
Net Income (Loss) (46,420,000) (107,758,000) (47,147,000)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (514,694)    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 685,171    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 945,242    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 132,946    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 130,374    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 1,379,039 $ (2,210,555) $ 4,323,021