Jing Tian
About Jing Tian
Jing Tian, age 61, is Chief Revenue Officer (since January 2025) and Chief Growth Officer (since the May 2023 Business Combination) at Tigo Energy (TYGO). She previously held senior roles at Trina Solar (Head of Global Marketing and President, North America), Ginlong Technologies USA (General Manager), and Shift Energy (Country Manager), with a 12-year focus in solar and PV equipment growth; notably, she launched the TrinaSmart Module with Tigo while at Trina Solar . She was appointed as an executive officer at the Business Combination closing in May 2023 and moved into the CRO role in January 2025 .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Trina Solar | Head of Global Marketing | May 2013 – Apr 2017 | Led global marketing; launched TrinaSmart Module with Tigo |
| Trina Solar | President, North American Region | Apr 2017 – Sep 2018 | Led regional P&L and expansion |
| Shift Energy LLC | Country Manager | Oct 2018 – Apr 2020 | Country leadership across energy solutions |
| Ginlong Technologies USA | General Manager | Apr 2020 – Feb 2021 | Ran U.S. business for inverter manufacturer |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Credence | Technical and business roles | Not disclosed | Part of 15-year technical/business track record |
| Solfocus | Technical and business roles | Not disclosed | Part of 15-year technical/business track record |
Fixed Compensation
- TYGO discloses compensation for Named Executive Officers (NEOs) under smaller reporting company rules (CEO, CFO, and other most highly compensated), and Jing Tian was not a NEO in 2023–2024; thus base salary, target bonus %, and cash compensation details for Jing are not disclosed in the Summary Compensation Table .
Performance Compensation
- Executive Short Term Incentive Plan (approved Feb 18, 2025) applies to key executives (including NEOs): cash bonus based on company revenue and Adjusted EBITDA plus individual objectives; threshold payouts begin at 75% of target, max at 150%; aggregate payouts capped by positive Adjusted EBITDA unless otherwise determined by the Committee .
| Metric | Weighting | Target Definition | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Company Revenue | 37.5% | Operating Budget revenue target; threshold 75%, target 100%, max 150% | Not disclosed | Determined post-year by Committee | Cash bonus (no vesting) |
| Adjusted EBITDA (before incentive comp) | 37.5% | Operating Budget Adjusted EBITDA; threshold 75%, target 100%, max 150% | Not disclosed | Determined post-year by Committee; aggregate capped by positive Adj. EBITDA | Cash bonus (no vesting) |
| Individual Performance Objectives | 25% | Objectives set by CEO/Committee; 0–100% achievement | Not disclosed | Factor up to 12.5% added to payout | Cash bonus (no vesting) |
Note: The plan does not disclose Jing Tian’s personal target bonus percentage; participants’ bonus targets are set as a percentage of base salary .
Equity Ownership & Alignment
- Beneficial ownership (as of the Business Combination closing): Jing Tian beneficially owned 102,667 shares; percentage “* Less than one percent” of 58,144,543 shares outstanding .
- Stock ownership guidelines: other executive officers must hold 2x annual base salary in common stock within 5 years; until compliant, must retain 100% of net shares from equity awards; as of April 1, 2025, all executives/directors had met or were within the grace period .
- Hedging and pledging policy: executives are prohibited from hedging, monetization transactions, holding stock in margin accounts, or pledging company securities .
- Clawback policy: covers current/former executive officers; requires recovery of excess incentive compensation (cash or equity, including vested/unvested) following material restatements, for awards on/after Oct 2, 2023 within the 3 prior completed fiscal years .
| Item | Detail |
|---|---|
| Shares Beneficially Owned | 102,667 |
| % of Outstanding Shares | Less than 1% of 58,144,543 |
| Ownership Guidelines | 2x salary for other executive officers; 5-year compliance; 100% net shares retained until compliant |
| Hedging/Pledging | Prohibited for directors, officers, employees |
| Clawback | Recovery of cash/equity incentive comp post-restatement, 3-year lookback |
Vesting/Selling Pressure Indicators:
- Option Exchange Participation: One Form 4 for Jing Tian filed Dec 23, 2024 reported a May 30, 2023 option grant and the disposition of 73,779 options with corresponding acquisition of 18,428 replacement options in the Dec 10, 2024 Option Exchange .
- Market reference for equity award tables: proxy uses $0.99 closing price on Dec 31, 2024 to compute market values (context for NEOs) .
| Date | Event | Options Disposed | Options Acquired | Notes |
|---|---|---|---|---|
| Dec 10, 2024 | Company Option Exchange; Jing participated | 73,779 | 18,428 | Replacement options issued; specific strike/vesting for Jing not disclosed in proxy |
Employment Terms
- Role and tenure: Chief Growth Officer since the Business Combination; Chief Revenue Officer since January 2025 .
- Employment agreements: The Feb 2025 8-K filed amended employment agreements for CEO (Alon) and CFO (Roeschlein) with detailed severance/change-in-control terms; no employment agreement for Jing Tian was filed in the reviewed documents .
- Company-wide policies affecting executives:
- Clawback (restatement-driven recovery)
- Hedging/pledging prohibited
- Stock ownership and retention requirements
- Non-compete/non-solicit: Specific terms are disclosed for CEO/CFO in Feb 2025 agreements; no such agreement for Jing was disclosed in filings reviewed .
Investment Implications
- Alignment and incentives: As CRO/CGO, Jing’s remit directly maps to the STI plan’s revenue and Adjusted EBITDA metrics, tying cash incentives to operational performance and individual objectives; aggregate bonuses are capped by positive Adjusted EBITDA, limiting payout risk in weak years .
- Ownership/retention: Stock ownership guidelines (2x salary) and 100% net share retention until compliant reduce near-term selling pressure and improve alignment; hedging/pledging prohibitions further constrain misaligned risk-taking .
- Option exchange dynamics: Jing’s participation (73,779 disposed; 18,428 acquired) reduced gross option overhang and reset option economics, which can change future exercise/sale dynamics; monitor subsequent Form 4s for vesting/exercises given limited visibility into her specific replacement option terms .
- Disclosure gaps: Absence of a filed employment agreement for Jing limits visibility into severance/change-in-control economics and restrictive covenants; continue to track 8-K Item 5.02 filings for updates and insider-trades for transactions as potential trading signals .