Celia Pelaz

About Celia Pelaz

Celia Pelaz, age 47, is Spire Global’s Chief Operating Officer, appointed effective January 6, 2025; she holds a degree in Industrial Technical Engineering from Cámarabilbao University Business School and previously served in senior operating and strategy roles at HENSOLDT AG, a defense sensor technologies company . The 2025 proxy identifies her role and background but does not disclose her individual compensation metrics or pay outcomes; Spire’s compensation program emphasizes pay-for-performance with objectives set by the Compensation Committee and peer benchmarking via Compensia .

Past Roles

External Roles

• No external public company directorships or committee roles are disclosed for Pelaz in Spire’s 2025 proxy; her biography covers HENSOLDT roles and education only .

Fixed Compensation

• The 2025 proxy does not disclose Pelaz’s base salary, target bonus, or actual bonus; she was appointed COO in January 2025 and was not a named executive officer in the 2024 Summary Compensation Table (which covers Platzer, Condor, and Basola) .

Performance Compensation

• No Pelaz-specific incentive design (metrics, weightings, targets, payouts, vesting schedules) is disclosed; at a program level, the Compensation Committee links incentive opportunities to performance objectives and uses an independently vetted peer group via Compensia .

Equity Ownership & Alignment

• Pelaz is not listed in the Security Ownership table (which covers directors and named executive officers as of April 7, 2025), so no Pelaz-specific beneficial ownership data is disclosed there .
• Hedging/derivative trading, pledging, and holding Spire shares in margin accounts are prohibited for officers, directors, and employees; pre-clearance is required for certain transactions by directors and executive officers .
• A clawback policy (NYSE rule-compliant) allows recovery of erroneously awarded incentive compensation for Section 16 officers after restatements; following Spire’s restatements for 2022–2024 periods, no recovery was required because no incentive-based compensation was received for the relevant period .

Employment Terms

• No Pelaz-specific employment agreement terms are disclosed. For context, the proxy describes employment agreements for certain executives (Platzer and Condor) with the following economics:
  • Non–Change-in-Control severance: lump-sum 100% of annual base salary, 100% of target annual bonus, 12 months of group health benefits equivalent, and up to $15,000 in outplacement services .
  • Change-in-Control severance (during 18-month CIC period): lump-sum 150% of annual base salary, 150% of target annual bonus, and 18 months of group health benefits equivalent, plus outplacement; additional make-whole if CIC occurs within 90 days of a qualifying termination .
  • Equity vesting: accelerated vesting and extended exercise periods are explicitly stated for Platzer and Condor under qualifying terminations; no such clause is disclosed for Pelaz .

Investment Implications

• Operating pedigree: Pelaz brings senior operations and strategy experience in defense sensor technologies, which aligns with Spire’s focus on Earth intelligence and space services execution needs; this background is supportive of operational rigor in complex technology environments .
• Alignment guardrails: Company-wide prohibitions on hedging/pledging and a formal clawback policy for Section 16 officers strengthen alignment and reduce misaligned trading incentives; however, without Pelaz-specific ownership or incentive detail, direct pay-for-performance signal mapping remains limited .
• Disclosure gap and retention read-through: The proxy does not provide Pelaz-specific compensation, vesting schedules, or ownership, constraining analysis of potential insider selling pressure or retention triggers; investors should monitor future filings (e.g., 8-Ks, proxy updates, Form 4s) for her RSU/PSU grants and vesting cadence .
• Governance and execution risk context: Spire disclosed non-reliance on 2024 financials and material weaknesses in disclosure controls, with subsequent restatements and an auditor transition to KPMG; as COO, Pelaz’s remit sits amid a heightened need for process discipline, making operational turnaround and control environment normalization key watch items for pay outcomes and tenure stability .