Giovanni Catino
About Giovanni Catino
Giovanni Catino, 49, is Chief Revenue Officer (CRO) of Loop Industries (appointed March 2025). He holds a bachelor’s degree in Economics from Concordia University and previously led Sales & Business Development at Loop; his remit centers on commercialization and customer partnerships to drive revenue growth . Company performance during FY2026 year-to-date shows revenue increased to $252k for the six months ended August 31, 2025 (vs. $29k prior year), while net loss improved by $3.38M to $(6.65)M, reflecting early commercialization progress and tighter operating discipline .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Loop Industries | Senior Director, Sales & Business Development | Mar 2017–Feb 2022 | Built relationships with global brands; implemented supply-chain agreements supporting sustainability objectives . |
| Loop Industries | Vice President, Sales & Business Development | Mar 2022–Mar 2025 | Led commercialization efforts and customer agreements ahead of CRO appointment . |
| Loop Industries | Chief Revenue Officer | Mar 2025–present | Oversees revenue strategy and customer partnerships to commercialize Loop’s technology . |
External Roles
No public company board service or external director roles disclosed in company filings for Catino .
Fixed Compensation
- Base salary, target bonus %, and actual bonus amounts for Catino are not disclosed in FY2025/FY2024 proxy materials (he is not listed among Named Executive Officers) .
- Loop’s program design: mix of salary, annual cash incentive tied to specific objectives, and long-term equity; case-by-case structuring to attract talent for commercialization stage .
Performance Compensation
- Company policies emphasize at-risk pay tied to specified performance goals and/or stock price, with time-based equity requiring at least three years of service to fully vest .
- No single-trigger change-in-control benefits; no tax gross-ups; no post-employment pensions beyond general employee plans; hedging and pledging prohibited under Insider Trading Policy (preclearance required; margin accounts not permitted) .
Equity Ownership & Alignment
Catino’s initial beneficial ownership and derivative holdings at appointment (SEC Form 3):
| Metric | Value | Notes |
|---|---|---|
| Common shares owned (Direct) | 379,455 | Form 3 Table I. |
| Ownership vs. common shares outstanding | ~0.80% | 379,455 / 47,718,350 outstanding as of May 20, 2025 . |
| Pledged shares | None disclosed; pledging prohibited by policy . | |
| Ownership guidelines | Not disclosed for executives; no multiple-of-salary guideline reported . |
Stock options (Form 3 Table II):
| Option Grant | Shares | Exercise Price ($) | Expiration | Ownership Form |
|---|---|---|---|---|
| Stock options (right to buy) | 380,000 | 5.25 | 08/28/2027 | Direct (D) |
| Stock options (right to buy) | 324,000 | 2.68 | 11/28/2032 | Direct (D) |
| Stock options (right to buy) | 72,371 | 2.89 | 03/07/2034 | Direct (D) |
| Stock options (right to buy) | 200,000 | 1.16 | 04/04/2035 | Direct (D) |
- Vested vs. unvested breakdown for Catino’s RSUs/options is not provided in Form 3 beyond expirations; RSU holdings for Catino are not disclosed in available filings. Company-level RSU/option continuity is reported in the 10-Q (not executive-specific) .
Insider selling pressure:
- Our document search identified Catino’s initial Form 3 but found no Form 4 transactions for Catino through November 19, 2025; absence of filings in search is not definitive of no activity and should be monitored .
Employment Terms
- Executive officers serve at the discretion of the Board absent an employment agreement; Catino’s CRO appointment occurred in March 2025, and no individual employment agreement terms (severance, non-compete, change-of-control) are disclosed for Catino .
- Company-wide practices: no single-trigger change-in-control benefits, no tax gross-ups; strict Insider Trading Policy with hedging/pledging prohibitions and 10b5-1 preclearance and cooling-off guidelines .
Company Performance Context
| Metric (USD ‘000) | Six months ended Aug 31, 2024 | Six months ended Aug 31, 2025 |
|---|---|---|
| Revenues | $29 | $252 |
| Net loss | $(10,028) | $(6,651) |
- Revenue growth in FY2026 YTD was driven primarily by $244k in engineering fees and $8k in PET resin sales; operating expense reductions contributed to net loss improvement .
Governance, Policies, and Shareholder Feedback
- Compensation Committee entirely independent; executive pay program assessed for risk and designed to encourage long-term success using cash/equity mix and milestone-based design reflecting commercialization stage .
- Say-on-Pay approval: 99.68% in 2023 and 99.57% in 2024, supporting compensation framework continuity .
- Insider Trading Policy prohibits short sales, hedging, and pledging; preclearance required; margin accounts disallowed; 10b5-1 plan guidelines in place .
Investment Implications
- Alignment: Catino’s sizable multi-year option portfolio with staggered expirations (2027–2035) aligns incentives with stock price appreciation and commercialization milestones, while company policy bars pledging/hedging—reducing misalignment risk .
- Retention risk: Lack of disclosed cash compensation detail and absence of individualized severance/change-of-control terms for Catino elevate opacity; however, time-based equity vesting requirements and program structure imply retention incentives typical for a commercialization-stage CRO .
- Trading signals: No Form 4 sales or grants for Catino were identified in our search window, suggesting limited near-term selling pressure visibility; monitor future Section 16 filings for exercises or sales, especially ahead of the earliest 2027 option expiration .
- Performance linkage: Company YTD revenue inflection and reduced losses indicate commercialization progress; continued execution on engineering/licensing and offtake agreements will be the primary driver of CRO-linked pay-for-performance outcomes .