Bel Fuse increases CEO and CFO compensation effective June 1, 2026

BEL FUSE INC /NJ

CEO Farouq Tuweiq base salary raised to $725k (from $600k); target variable comp to $2.1M (from $1.6M) with 60% RSUs.
CFO Lynn Hutkin base salary raised to $400k (from $300k); variable comp target to 150% of base (from 125%) with 45% RSUs.
CEO long-term performance award increased to $1.875M (from $1.2M); CFO long-term award to 100% of base (from 75%).
Amendments effective June 1, 2026; approved by compensation committee on July 1, 2026.

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