TSAT · Telesat Corporation

Summary

Telesat Corporation filed its 2025 Management Information Circular detailing executive compensation, director pay, equity plans, and governance ahead of its June 3, 2026 annual shareholder meeting.

Key takeaways

• Daniel S. Goldberg received $9.94M total 2025 compensation including $1.14M salary and $5.63M share-based awards.
• 2025 Adjusted EBITDA: GEO $309M (target $300M), LEO ($100M) (target ($113M)), driving 129% incentive achievement.
• NEO annual incentives averaged 129% of target based on EBITDA and Lightspeed progress metrics.
• Omnibus Plan has 1.75M equity awards outstanding (4.3% fully diluted) with 2.1M shares available.
• CFO transition: Andrew Browne retired November 21, 2025; Donald Tremblay appointed October 20, 2025.