David Ludwig

President, Financial AssetsatHeritage Global· In proxies 2022–2025

Pay in FY2025-29% from the year before · Heritage Global stock -33.0% the same year

David Ludwig was paid $1.0M in FY2025 (Dec), down 29%. Heritage Global stock fell 33.0% that year.

Pay$100 in the stock at the end of FY21 → $66

Pay is from the Summary Compensation Table of each Heritage Global proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Experience

HGBL
Heritage GlobalPublic company · 4 yr
- President, Financial Assets2022 – Present · 4 yrStock in role -14%

Roles come from the proxy statements of each company.

Activity

Pay
Heritage Global Division head pay fell 29% to $1.0M. The stock fell 33% in FY2025 (Dec).
DEF 14AApr 21, 2026
Pay
Heritage Global Division head pay fell 16% to $1.4M. The stock fell 33% in FY2024 (Dec).
DEF 14AApr 22, 2025
Pay
Heritage Global Division head pay rose 54% to $1.7M. The stock rose 18% in FY2023 (Dec).
DEF 14AApr 23, 2024

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