Lon Ensler
About Lon Ensler
Lon Ensler is Chief Financial Officer of Momentus Inc., appointed effective August 1, 2025, after serving as Interim CFO from April 2, 2024; he is currently the principal financial and accounting officer . He has 30+ years of finance leadership experience across medical devices and high‑tech capital equipment, including CFO roles at Ziteo Medical (2019–2024) and Xradia (2008–2015), and advisory CFO work via Ensler Consulting (2015–2019); he was 66 at appointment as CFO . Education reported externally: B.S. and MBA in Finance from California State University, Northridge . Company-level pay-versus-performance disclosures reference relationships between compensation and TSR and net income, but do not provide Ensler-specific performance metrics .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Ziteo Medical, Inc. | Chief Financial Officer | 2019–Mar 2024 | Led finance at developer of next-gen molecular imaging medical devices |
| Ensler Consulting | Advisory/Consulting CFO | Jun 2015–Feb 2019 | Provided interim CFO and advisory services to multiple companies |
| Xradia, Inc. | Chief Financial Officer | 2008–2015 | Finance leadership at high-tech capital equipment provider |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| EchoPixel | CFO | Not disclosed | External profile lists CFO role |
| Lyncean Technologies | CFO | Not disclosed | External profile lists CFO role |
No public company directorships disclosed in Momentus filings .
Fixed Compensation
| Component | Terms | Effective Date | Notes |
|---|---|---|---|
| Base salary (CFO) | $375,000 per year | Aug 1, 2025 | Per Employment Agreement summary |
| Target annual cash bonus (CFO) | 50% of base salary | Aug 1, 2025 | Per Employment Agreement summary |
| Interim CFO compensation | $340 per hour | Apr 2, 2024 | Appointment as Interim CFO; age 65 at announcement |
Performance Compensation
- No CFO-specific annual performance metrics (e.g., weighting, targets) were disclosed in the Aug 6, 2025 8‑K summary; only target bonus eligibility was specified .
- Company proxies describe non‑equity incentive plan compensation for NEOs as fixed annual bonuses tied to pre‑determined, measurable company milestones for 2023–2024, but this disclosure did not include Ensler as a NEO in those years .
Equity Ownership & Alignment
| Item | Detail | As-of Date/Grant | Notes |
|---|---|---|---|
| RSU grant (CFO) | 95,000 RSUs | Aug 1, 2025 | Reported on Form 4; a standard equity award |
| RSU sizing basis | Represents 1% of outstanding shares on grant date | Aug 1, 2025 | Per Employment Agreement summary |
| Vesting schedule | 25% on each of the first four anniversaries of grant | Aug 1 in 2026, 2027, 2028, 2029 | Time-based vesting; no performance condition disclosed |
| Beneficial ownership (shares) | — (less than 1%) | May 9, 2024 | No reported beneficial holdings |
| Beneficial ownership (shares) | — (less than 1%) | Apr 3, 2025 | No reported beneficial holdings |
| Beneficial ownership (shares) | — (less than 1%) | Jul 22, 2025 | No reported beneficial holdings |
| Beneficial ownership (shares) | — (less than 1%) | Oct 10, 2025 | No reported beneficial holdings |
- Stock ownership guidelines: Executive officers are expected to hold stock equal to 3x base salary, to be met within five years of first becoming subject to the guidelines (administered by the Compensation Committee) .
- Hedging/pledging: Insider Trading Policy prohibits hedging transactions; equity awards are nontransferable and may not be sold or pledged unless otherwise determined by the Administrator .
- Clawback: Equity awards are subject to the company’s clawback policy and potential reduction/cancellation/recoupment per plan terms and applicable law .
Employment Terms
| Provision | Terms |
|---|---|
| Employment Agreement | Effective August 1, 2025; governs CFO employment |
| Severance (non‑CoC) | Accrued benefits; severance payments of 6 months base salary plus annual cash bonus in effect immediately prior to termination (prorated based on days elapsed in the calendar year); accelerated vesting of RSUs |
| Change‑of‑control | The 8‑K summary references severance benefits and accelerated vesting but does not enumerate additional CoC multiples for Ensler; full terms are in Exhibit 10.1 |
| Other | No family relationships or Item 404(a) related-party interests; at‑will employment context implied by Momentus practices in proxies for other NEOs |
Performance & Track Record
- Certifications and filings: Ensler signed Sarbanes‑Oxley Section 906 certifications for the FY2024 10‑K/A and the Q2 FY2024 10‑Q, and signed the FY2024 10‑K and multiple 8‑Ks as principal financial officer, indicating active oversight of reporting and controls .
- Background achievements: External profiles note prior finance leadership contributing to strategic transactions (e.g., Xradia sale to ZEISS) and extensive high‑tech finance experience .
- Pay vs performance context: Company disclosed relationships between compensation actually paid and TSR/net income but did not provide Ensler‑specific metrics .
Board Governance
- Ensler is an executive officer (CFO), not listed as a director in proxies; director independence and committee frameworks described in filings are not specific to Ensler .
Compensation Committee Analysis
- Stock Ownership Guidelines for executives (3x base salary, five‑year compliance window) indicate alignment expectations; hedging is prohibited; clawback policy applies broadly to equity awards .
Investment Implications
- Alignment: A sizable, time‑based RSU grant sized at ~1% of outstanding shares with four‑year ratable vesting aligns Ensler’s incentives with equity value realization, while also creating predictable vesting events that can translate into periodic supply if monetized .
- Retention: Severance terms (6 months base + prorated bonus and accelerated RSU vesting) provide downside protection but are moderate compared to CEO‑level constructs, suggesting retention levers rely more on equity vesting than cash severance .
- Ownership build: The executive stock ownership guideline (3x salary within five years) requires meaningful accumulation; current filings show no beneficial holdings for Ensler as of multiple 2024–2025 dates, implying a multi‑year ramp to guideline compliance primarily through RSU vesting and potential open‑market accumulation .
- Trading signals: The disclosed RSU grant and annual vest schedule provide clear dates for potential insider selling pressure if shares are sold upon vest; hedging prohibitions and equity nontransferability reduce misalignment risks tied to derivatives or pledging .