Ivan Ronald
About Ivan Ronald
Ivan Ronald serves as Chief Financial Officer (Principal Financial Officer) of AleAnna, Inc. and was in role by October 1, 2025, as evidenced by his signature on the company’s Form S-8; he executed SOX 302 and 906 certifications for the Q3 2025 Form 10-Q on November 12, 2025 . Company performance during his visible tenure improved materially: Q3 2025 revenue was $11.2 million versus $0.65 million in Q3 2024, with operating income of $5.7 million in Q3 2025 versus a loss in Q3 2024 . His equity incentives include time-vested RSUs and performance RSUs tied to near-term milestones through June 30, 2026 .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| AleAnna, Inc. | Chief Financial Officer (Principal Financial Officer) | 2025–present | Signed Form S-8 registering the 2025 LTIP; served as agent for service; executed SOX 302/906 certifications on the Q3 2025 10-Q; signatory on earnings and filings |
Fixed Compensation
- Base salary, target bonus, and cash compensation for the CFO were not disclosed in the 2025 DEF 14A (which covered 2023–2024 and listed only Marco Brun and William K. Dirks as named executive officers) .
Performance Compensation
| Metric/Plan | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| RSU Award (time-vesting) | — | — | — | 39,952 units | Vests 1/3 on each of the 1st, 2nd, and 3rd anniversaries of Oct 29, 2025, subject to continued employment |
| PRSU Award (performance-vesting) | Committee-set milestones (undisclosed) | Milestones over Oct 29, 2025–Jun 30, 2026 | Determined after performance period (date set by Compensation Committee) | 39,952 units | Vests upon Committee determination after the performance period, subject to continued employment |
Notes:
- The 2025 Plan prohibits option/SAR repricing without shareholder approval and permits the Compensation Committee to accelerate vesting at its discretion, but award-level change-in-control acceleration terms for executives were not disclosed in the filings reviewed .
- Specific PRSU performance metrics (e.g., revenue, EBITDA, TSR) were not disclosed; only the performance periods and Committee oversight are specified .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Equity awards granted (Oct 29, 2025) | RSU: 39,952; PRSU: 39,952; total 79,904 units |
| Vested vs. unvested (current status) | As of grant, all unvested; first RSU tranche expected to vest on Oct 29, 2026; PRSU vesting contingent on milestones determined after Jun 30, 2026 |
| Hedging/pledging policy | Company Insider Trading Policy prohibits hedging and pledging of Company securities |
| Clawback | Company adopted a Compensation Recovery Policy allowing clawback of incentive compensation upon restatements or misconduct |
| Ownership guidelines | Not disclosed in DEF 14A; no CFO-specific ownership guidelines identified |
Employment Terms
- Indemnification: The Company entered into indemnification agreements with each director and officer providing for expense advancement and protection to the fullest extent permitted by Delaware law .
- Insider Trading Policy: Prohibits short sales, derivative transactions providing economic exposure, and pledging as collateral; policy available on the Company’s investor website .
- Clawback: Compensation Recovery Policy enables recovery of incentive compensation in case of restatement or significant misconduct .
- 2025 Long-Term Incentive Plan: Share pool of 7,780,483 Class A shares registered on Form S-8; Committee discretion to accelerate vesting; no repricing of options/SARs without shareholder approval .
- Severance/change-of-control economics: Executive-specific severance or change-of-control terms for the CFO were not disclosed in reviewed filings; director RSU forms include change-in-control vesting, but executive award agreements were not included in the available exhibits .
Performance & Track Record
| Metric | Q3 2024 | Q3 2025 |
|---|---|---|
| Revenue ($USD) | $648,328 | $11,224,868 |
| Operating income (loss) ($USD) | $(1,472,257) | $5,728,614 |
- Certifications: CFO executed SOX 302 and 906 certifications for Q3 2025 and signed earnings-related filings, indicating responsibility for disclosure controls and fair presentation .
- Compensation process: The Compensation Committee planned to consult Mercer on executive compensation for FY2025; no peer group or targets were disclosed in the DEF 14A .
Investment Implications
- Alignment and incentives: The 79,904-unit grant split between time-vested RSUs and near-term PRSUs aligns the CFO with equity value and milestone execution; anti-hedging/anti-pledging and clawback policies strengthen alignment quality .
- Vesting-driven supply: Potential selling pressure begins with RSU vesting tranches (starting Oct 29, 2026) and PRSU vesting post-Committee determination after Jun 30, 2026; monitor subsequent Form 4 filings around these dates for liquidity events.
- Governance and risk: Indemnification, clawback, and no-repricing provisions are shareholder-friendly; disclosure gaps (cash compensation, severance/change-of-control specifics for CFO) limit pay-for-performance benchmarking at present .
- Execution focus: Company’s Q3 2025 inflection in revenue/operating income sets a performance baseline; PRSU milestones through mid-2026 imply emphasis on delivering operational and financial objectives in the near term .