{"url_path":"/sec/wast/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 EXECUTIVE COMPENSATION**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-14","source_url":"https://www.sec.gov/Archives/edgar/data/1515139/0001493152-26-033196-index.html","accession_number":"0001493152-26-033196","cik":"0001515139","ticker":"WAST","issuer_name":"WASTE ENERGY CORP.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1515139/0001493152-26-033196-index.html","primary_entity_key":"0001515139","primary_entity_name":"WASTE ENERGY CORP."},"word_count":1004,"has_tables":true,"body_markdown":"**ITEM\n11. EXECUTIVE COMPENSATION**\n\n \n\n**Summary Compensation**\n\n \n\nThe particulars of compensation paid to the following\npersons:\n\n \n\n \n(a)\nall individuals serving as our principal executive officer during the\nyear ended December 31, 2024;\n\n \n(b)\neach of two most highly compensated executive officers other than our\nprincipal executive officer who were serving as executive officers at December 31, 2024; and\n\n \n(c)\nup to two additional individuals for whom disclosure would have been\nprovided under (b) but for the fact that the individual was not serving as our executive officer at December 31, 2024,\n\n  \n\nwho we will collectively refer to as the named\nexecutive officers, for all services rendered in all capacities to our company for the years ended December 31, 2025 and 2024 are set\nout in the following summary compensation table:\n\n \n\n**Summary Compensation Table – Years Ended\nDecember 31, 2025 and 2024**\n\n \n\nName and Principal Position \nYear  \nSalary\n($)  \nBonus\n($)  \nStock\nAwards\n($)  \nOption\nAwards\n($)  \nNon-Equity\nIncentive\nPlan\nCompensation\n($)  \nNonqualified\nDeferred\n\nCompensation\nEarnings\n\n($)  \nAll Other Compensation\n\n($)  \nTotal\n($) \n\nScott Gallagher \n 2025  \n -  \n -  \n -  \n 15,000(2) \n -  \n    -  \n 180,000  \n 195,000 \n\nPresident \n 2024  \n -  \n -  \n -  \n 40,000(2) \n -  \n -  \n 180,000  \n 220,000 \n\nBraden Glasbergen \n 2025  \n -  \n -  \n -  \n -  \n -  \n -  \n 42,000  \n 42,000 \n\nFormer CFO \n 2024  \n -  \n -  \n -  \n -  \n -  \n -  \n -  \n - \n\n \n\n**Notes:**\n\n \n\n(1)\nReflects the grant date fair value computed in accordance with FASB\nASC Topic 718. See Note 15 of our annual financial statements for the years ended December 31, 2025 and 2024 for a description of\nthe assumptions made in the valuation of these stock options.\n\n \n\n25\n\n \n\n \n\n**Narrative Disclosure to Summary Compensation\nTable**\n\n \n\nIn connection with the appointment of Scott Gallagher\nas president, we have entered into an independent consultant agreement dated September 7, 2022. Pursuant to the agreement we have agreed\nto pay Mr. Gallagher a consulting fee of $10,000 per month. On January 1, 2023 the agreement was amended to $11,250 per month. On April\n1, 2023 the agreement was amended to $15,000 per month with the option to convert into shares. The agreement may be terminated by (i)\nMr. Gallagher by providing at least 30 days advance notice in writing, (ii) us by giving at least 30 days advance notice in writing,\nor (iii) us without notice in the event that Mr. Gallagher: (a) breaches any term of the agreement, (b) neglects the services or any\nother duty to be performed under the agreement, (c) engages in any conduct which is dishonest, or damages our reputation or standing,\n(d) is convicted of any criminal act, (e) engages in any act of moral turpitude, (f) files a voluntary petition in bankruptcy, or (g)\nis adjudicated as bankrupt or insolvent. Mr. Gallagher has also agreed for the term of the agreement not to compete with us in the business\nof providing services for blockchain initial coin offerings. During the term of the agreement and for a period of one year immediately\nfollowing the termination or expiration of the agreement, Mr. Gallagher has agreed not to solicit or induce any customer, prospective\ncustomer, supplier, sales personnel, employee or independent contractor involved with us to terminate or breach any employment, contractual\nor other relationship with us, or to otherwise discontinue or alter such third party’s relationship with us.\n\n \n\nOn August 26, 2022 we granted 1,000,000 stock\noptions to Scott Gallagher. Each option is exercisable for a period of 10 years at a price of $0.09 per share. The stock options granted\nto Scott Gallagher vest as to one-third on the date of grant, one-third on the first anniversary of the date of grant, and one-third\non the second anniversary of the date of grant.\n\n \n\nOn April 21, 2023 we granted 2,000,000 stock\noptions to Scott Gallagher. Each option is exercisable for a period of 10 years at a price of $0.09 per share. The stock options granted\nto vesting upon issuance.\n\n \n\nOn January 6, 2024 we granted 2,000,000 stock\noptions to Scott Gallagher. Each option is exercisable for a period of 10 years at a price of $0.02 per share. The stock options granted\nto vesting upon issuance.\n\n \n\n**Retirement or Similar Benefit Plans**\n\n \n\nThere are no arrangements or plans in which we\nprovide retirement or similar benefits for our directors or executive officers.\n\n \n\n**Resignation, Retirement, Other Termination,\nor Change in Control Arrangements**\n\n \n\nWe have no contract, agreement, plan or arrangement,\nwhether written or unwritten, that provides for payments to our directors or executive officers at, following, or in connection with\nthe resignation, retirement or other termination of its directors or executive officers, or a change in control of our company or a change\nin our directors’ or executive officers’ responsibilities following a change in control.\n\n \n\n**Outstanding Equity Awards at Fiscal Year-End**\n\n \n\nThe following table sets forth for each named\nexecutive officer certain information concerning the outstanding equity awards as of December 31, 2025:\n\n \n\n \n \n**Option awards**\n \n \n \n**Stock awards**\n \n\n**Name**\n** **\n\n**Number**\n\n**of**\n\n**securities**\n\n**underlying**\n\n**unexercised**\n\n**options(#)**\n\n**exercisable**\n\n** **\n** **\n** **\n\n**Number**\n\n**of**\n\n**securities**\n\n**underlying**\n\n**unexercised**\n\n**options (#)unexercisable**\n\n** **\n\n**Equity\nincentive plan**\n\n**awards: Number of**\n\n**securities underlying**\n\n**unexercised**\n\n**unearned**\n\n**options (#)**\n\n** **\n\n**Option**\n\n**exercise**\n\n**price ($)**\n\n** **\n\n**Option**\n\n**expiration**\n\n**date**\n\n** **\n\n**Number\nof**\n\n**shares or units of stock that**\n\n**have not**\n\n**vested (#)**\n\n** **\n\n**Market\nvalue of**\n\n**shares of**\n\n**units of stock that**\n\n**have not**\n\n**vested ($)**\n\n** **\n\n**Equity\nincentive plan**\n\n**awards: Number**\n\n**of unearned**\n\n**shares, units or other**\n\n**rights that have not**\n\n**vested (#)**\n\n** **\n\n**Equity\nincentive plan**\n\n**awards: Market or**\n\n**payout value of unearned**\n\n**shares, units**\n\n**or other rights that have not vested ($)**\n\n** **\n\nScott Gallagher\n \n1,000,000\n \n(1)\n \n-\n \n-\n \n0.09\n \nAugust 26, 2032\n \n-\n \n-\n \n-\n \n-\n \n\nScott Gallagher\n \n2,000,000\n \n(2)\n \n-\n \n-\n \n0.09\n \nApril 21, 2033\n \n-\n \n-\n \n-\n \n-\n \n\nScott Gallagher\n \n2,000,000\n \n(3)\n \n \n \n \n \n0.02\n \nJanuary 6, 2034\n \n \n \n \n \n \n \n \n \n\n \n\n**Notes:**\n\n \n\n(1)\nThe stock options become exercisable as follows: (i) 1/3 upon the date of grant (August 26, 2022); (ii) 1/3 on the first anniversary date and (iii) 1/3 on the second anniversary date.\n\n(2)\nThe stock options become exercisable upon the grant date (April 21, 2023).\n\n(3)\nThe stock options become exercisable upon the grant date (January 26, 2024).\n\n \n\n26"}