Neuronetics (STIM) approves 2026 annual cash incentives for CEO and top executives

Rhea-AI Filing Summary

Neuronetics, Inc. reported that its Board and Compensation Committee approved annual cash incentive awards for three senior executives. On February 23, 2026, the Compensation Committee approved cash incentives of $73,216.44 for Executive Vice President and Chief Financial Officer Steven E. Pfanstiel and $163,383.75 for Executive Vice President, Chief Legal Officer, and Corporate Secretary W. Andrew Macan.

On the same date, the Board, following the Compensation Committee’s recommendation, approved an annual cash incentive award of $412,775.95 for President and Chief Executive Officer Keith J. Sullivan. The company stated that these cash incentive awards will be paid on or about March 13, 2026.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 23, 2026

NEURONETICS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-38546		33-1051425
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3222 Phoenixville Pike, Malvern, PA		19355
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (877) 600-7555

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock, $0.01 par value		STIM		The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) On February 23, 2026, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Neuronetics, Inc. (the “Company”) approved annual cash incentive compensation awards for Steven E. Pfanstiel, the Company’s Executive Vice President, Chief Financial Officer, and Treasurer, and W. Andrew Macan, the Company’s Executive Vice President, Chief Legal Officer, and Corporate Secretary, in the amounts of $73,216.44 and $163,383.75, respectively. Also on February 23, 2026, at the recommendation of the Compensation Committee, the Board approved an annual cash incentive compensation award for Keith J. Sullivan, the Company’s President and Chief Executive Officer, in the amount of $412,775.95. The awards will be paid on or about March 13, 2026.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				NEURONETICS, INC.
Date: February 25, 2026				By:		/s/ W. Andrew Macan
				Name:		W. Andrew Macan
				Title:		EVP, Chief Legal Officer, and Corporate Secretary

FAQ

What executive bonuses did Neuronetics (STIM) approve in February 2026?

Neuronetics approved annual cash incentive awards for three senior executives. CFO Steven E. Pfanstiel will receive $73,216.44, CLO W. Andrew Macan $163,383.75, and CEO Keith J. Sullivan $412,775.95. These awards represent their annual cash incentives for the year.

When will Neuronetics (STIM) pay the approved executive cash incentives?

Neuronetics plans to pay the approved executive cash incentive awards on or about March 13, 2026. This payment timing applies to the bonuses granted to CEO Keith Sullivan, CFO Steven Pfanstiel, and Chief Legal Officer W. Andrew Macan as part of their annual incentive compensation.

Which Neuronetics (STIM) committee approved the 2026 executive incentive awards?

The Compensation Committee of Neuronetics’ Board approved annual cash incentive awards for Steven E. Pfanstiel and W. Andrew Macan on February 23, 2026. The Board, following the committee’s recommendation, separately approved the 2026 annual cash incentive for President and CEO Keith J. Sullivan the same day.

How much is Neuronetics (STIM) paying its CEO in annual cash incentive for 2026?

Neuronetics’ President and Chief Executive Officer, Keith J. Sullivan, will receive an annual cash incentive award of $412,775.95. The Board approved this amount on February 23, 2026, based on the recommendation of the Compensation Committee, with payment expected on or about March 13, 2026.

What cash incentive did Neuronetics (STIM) award its CFO for 2026?

Neuronetics awarded its Executive Vice President, Chief Financial Officer, and Treasurer, Steven E. Pfanstiel, an annual cash incentive of $73,216.44. The Compensation Committee approved this award on February 23, 2026, as part of the company’s executive incentive compensation program for that year.

Filing Exhibits & Attachments

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Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB