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Toby Neugebauer received $48.0M in total compensation as Chief Executive Officer of Fermi Inc. in FY2025. The largest component was $47.9M in stock awards. Source: SEC 10-K/A.
In fiscal year 2025, Toby Neugebauer, Chief Executive Officer of Fermi Inc. (FRMI), received total compensation of $48.0 million.
Toby Neugebauer's compensation breakdown includes: base salary of $125K, stock awards valued at $47.9 million,.
Fermi Inc.'s top 4 named executive officers received combined total compensation of $450.5 million in fiscal year 2025.
The named executive officers disclosed in Fermi Inc.'s 2025 proxy statement are:Toby Neugebauer (Chief Executive Officer) with total compensation of $48.0 million, Miles Everson (Chief Financial Officer and Secretary) with total compensation of $134.2 million, Jacobo Ortiz Blanes (Chief Operating Officer) with total compensation of $134.2 million, and Charlie Hamilton (Chief Site Development Officer) with total compensation of $134.2 million.
Toby Neugebauer, Chief Executive Officer of Fermi Inc. (FRMI), received $47,980,000 in total compensation for FY2025. Stock awards of $47,855,000 were the largest component. Figures come from Fermi Inc.'s 10-K/A 0002071778-26-000018 filed 30 Apr 2026.
Source Filing
Executive Record
Toby Neugebauer
Chief Executive Officer
Reported Pay
$48.0MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $48.0M against shareholder return and the latest filing-backed pay disclosures.
Spread between reported pay and stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for FRMI.
Fermi Inc. (FRMI) — Key Facts
Last updated Aug 19, 2026 · 10-K/A filed Apr 30, 2026
| CEO | Toby Neugebauer, Chief Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $48.0M |
| Base salary | $125K |
| Stock awards | $47.9M |
| Source | 10-K/A, 2026-04-30 |
Toby Neugebauer, the Chief Executive Officer of Fermi Inc., received total compensation of $47,980,000 in fiscal year 2025. This includes base salary of $125,000 and stock awards valued at $47,855,000. Figures come from Fermi Inc.'s 10-K/A 0002071778-26-000018 filed 30 Apr 2026.
Toby Neugebauer's base salary at Fermi Inc. is $125,000 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $47,980,000. Figures come from Fermi Inc.'s 10-K/A 0002071778-26-000018 filed 30 Apr 2026.
Fermi Inc.'s CEO, Toby Neugebauer, earned $47,980,000 in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($47,855,000) rather than base salary ($125,000). Figures come from Fermi Inc.'s 10-K/A 0002071778-26-000018 filed 30 Apr 2026.
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