v3.26.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following disclosure is required by SEC rules but is not reflective of how the Company or the Compensation Committee determine executive compensation. For a discussion of how the Company manages its executive compensation structure and philosophy, including alignment with Company performance, see the section entitled “Executive Compensation” above. The use of the term “compensation actually paid” is required by the SEC’s rules but does not reflect the amount of compensation actually paid, earned or received during the applicable year. Per SEC rules, “compensation actually paid” was calculated by adjusting the total amounts for the applicable year from the Summary Compensation Table above, as further described in the footnotes to the following table.
The following table presents certain information regarding compensation paid to Loop’s CEO and other named executive officers (“NEOs”), and certain measures of financial performance, for the three years ended February 28, 2026. The amounts shown below are calculated in accordance with Item 402(v) of Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total for
CEO
($)
 
 
Compensation
Actually Paid to
CEO(1)(2)
($)
 
 
Average
Summary
Compensation
Table Total for
non-CEO
Named
Executive
Officers
($)
 
 
Average
Compensation
Actually Paid to
non-CEO
Named
Executive
Officers(3)(4)
($)
 
 
Value of Initial
Fixed $100
Investment
Based on Loop
Total
Shareholder
Return
($)
 
 
Net Loss
($)
2026
 
 
1,507,112
 
 
1,660,191
 
 
664,640
 
 
588,089
 
 
97.74
 
 
(12,299,000)
2025
 
 
444,769
 
 
(3,175,231)
 
 
263,759
 
 
(60,137)
 
 
42.36
 
 
(15,057,000)
2024
 
 
566,586
 
 
1,646,586
 
 
1,255,193
 
 
1,315,281
 
 
120.77
 
 
(21,087,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
For all periods disclosed Mr. Solomita was the CEO.
(2)
The adjustments noted in the table below were made to Summary Compensation Table totals for Mr. Solomita for each year to determine compensation actually paid.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Reported Summary
Compensation Table
Total for CEO
($)
 
 
Reported Value of
Equity Awards
($)
 
 
Equity Award
Adjustments(a)
($)
 
 
Compensation Actually
Paid to CEO
($)
2026
 
 
1,507,112
 
 
1,063,421
 
 
1,216,500
 
 
1,660,191
2025
 
 
444,769
 
 
—
 
 
(3,620,000)
 
 
(3,175,231)
2024
 
 
566,586
 
 
—
 
 
1,080,000
 
 
1,646,586
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Year-
End Fair
Value of
Equity
Awards
($)
 
 
Add Year-
over-Year
Change in
Fair Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
($)
 
 
Add Year-
over-Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions
in the Year
($)
 
 
Add Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
or Total
Compensation
($)
 
 
Total
Equity
Award
Adjustment
($)
2026
 
 
1,276,500
 
 
(60,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,216,500
2025
 
 
—
 
 
(3,620,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(3,620,000)
2024
 
 
—
 
 
1,080,000
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,080,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(3)
In 2026, the other NEOs were Mr. Adel Essaddam and Mr. Spencer Hart. In 2025 and 2024, the other NEOs were Fady Mansour and Stephen Champagne.
(4)
The adjustments noted in the table below were made to Summary Compensation Table totals for our NEOs other than our CEO for each year to determine the compensation actually paid.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average Reported
Summary Compensation
Table Total for
Non-CEO NEOs
($)
 
 
Average Reported Value of
Equity Awards
($)
 
 
Average Equity Award
Adjustments(a)
($)
 
 
Average Compensation
Actually Paid to
Non-CEO NEOs
($)
2026
 
 
664,640
 
 
550,711
 
 
474,160
 
 
588,089
2025
 
 
263,759
 
 
—
 
 
(323,896)
 
 
(60,137)
2024
 
 
1,255,193
 
 
932,090
 
 
992,178
 
 
1,315,281
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Average
Year-End
Fair Value of
Equity
Awards
($)
 
 
Add Average
Year-over-
Year Change
in Fair
Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Average
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in the
Year
($)
 
 
Add Average
Year-over-
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract
Average Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
 
 
Add Average
Value of
Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustment
($)
2026
 
 
351,800
 
 
(184)
 
 
123,200
 
 
(656)
 
 
—
 
 
—
 
 
474,160
2025
 
 
—
 
 
(292,236)
 
 
—
 
 
(31,660)
 
 
—
 
 
—
 
 
(323,896)
2024
 
 
989,060
 
 
—
 
 
—
 
 
3,118
 
 
—
 
 
—
 
 
992,178
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Named Executive Officers, Footnote
(1)
For all periods disclosed Mr. Solomita was the CEO.
(3)
In 2026, the other NEOs were Mr. Adel Essaddam and Mr. Spencer Hart. In 2025 and 2024, the other NEOs were Fady Mansour and Stephen Champagne.
   
PEO Total Compensation Amount $ 1,507,112 $ 444,769 $ 566,586
PEO Actually Paid Compensation Amount $ 1,660,191 (3,175,231) 1,646,586
Adjustment To PEO Compensation, Footnote
(2)
The adjustments noted in the table below were made to Summary Compensation Table totals for Mr. Solomita for each year to determine compensation actually paid.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Reported Summary
Compensation Table
Total for CEO
($)
 
 
Reported Value of
Equity Awards
($)
 
 
Equity Award
Adjustments(a)
($)
 
 
Compensation Actually
Paid to CEO
($)
2026
 
 
1,507,112
 
 
1,063,421
 
 
1,216,500
 
 
1,660,191
2025
 
 
444,769
 
 
—
 
 
(3,620,000)
 
 
(3,175,231)
2024
 
 
566,586
 
 
—
 
 
1,080,000
 
 
1,646,586
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Year-
End Fair
Value of
Equity
Awards
($)
 
 
Add Year-
over-Year
Change in
Fair Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
($)
 
 
Add Year-
over-Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions
in the Year
($)
 
 
Add Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
or Total
Compensation
($)
 
 
Total
Equity
Award
Adjustment
($)
2026
 
 
1,276,500
 
 
(60,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,216,500
2025
 
 
—
 
 
(3,620,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(3,620,000)
2024
 
 
—
 
 
1,080,000
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,080,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Non-PEO NEO Average Total Compensation Amount $ 664,640 263,759 1,255,193
Non-PEO NEO Average Compensation Actually Paid Amount $ 588,089 (60,137) 1,315,281
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The adjustments noted in the table below were made to Summary Compensation Table totals for our NEOs other than our CEO for each year to determine the compensation actually paid.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average Reported
Summary Compensation
Table Total for
Non-CEO NEOs
($)
 
 
Average Reported Value of
Equity Awards
($)
 
 
Average Equity Award
Adjustments(a)
($)
 
 
Average Compensation
Actually Paid to
Non-CEO NEOs
($)
2026
 
 
664,640
 
 
550,711
 
 
474,160
 
 
588,089
2025
 
 
263,759
 
 
—
 
 
(323,896)
 
 
(60,137)
2024
 
 
1,255,193
 
 
932,090
 
 
992,178
 
 
1,315,281
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Average
Year-End
Fair Value of
Equity
Awards
($)
 
 
Add Average
Year-over-
Year Change
in Fair
Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Average
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in the
Year
($)
 
 
Add Average
Year-over-
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract
Average Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
 
 
Add Average
Value of
Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustment
($)
2026
 
 
351,800
 
 
(184)
 
 
123,200
 
 
(656)
 
 
—
 
 
—
 
 
474,160
2025
 
 
—
 
 
(292,236)
 
 
—
 
 
(31,660)
 
 
—
 
 
—
 
 
(323,896)
2024
 
 
989,060
 
 
—
 
 
—
 
 
3,118
 
 
—
 
 
—
 
 
992,178
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Compensation Actually Paid vs. Total Shareholder Return
The chart below reflects the relationship between Compensation Actually Paid to the CEO, the average compensation actually paid to the non-CEO NEOs, and the Company’s Total Shareholder Return for the three years ended February 28, 2026.
    
Compensation Actually Paid vs. Net Income
The chart below reflects the relationship between Compensation Actually Paid to the CEO, the average compensation actually paid to the non-CEO NEOs, and the Company’s Net Income for the three years ended February 28, 2026. The Company’s Net Income for the three years ended February 28, 2026 reflects that it is in the pre-commercialization stage with limited revenues.
   
Total Shareholder Return Amount $ 97.74 42.36 120.77
Net Income (Loss) $ (12,299,000) $ (15,057,000) $ (21,087,000)
PEO Name Mr. Solomita Mr. Solomita Mr. Solomita
Equity Awards Adjustments, Footnote
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Year-
End Fair
Value of
Equity
Awards
($)
 
 
Add Year-
over-Year
Change in
Fair Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
($)
 
 
Add Year-
over-Year
Change in
Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions
in the Year
($)
 
 
Add Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
or Total
Compensation
($)
 
 
Total
Equity
Award
Adjustment
($)
2026
 
 
1,276,500
 
 
(60,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,216,500
2025
 
 
—
 
 
(3,620,000)
 
 
—
 
 
—
 
 
—
 
 
—
 
 
(3,620,000)
2024
 
 
—
 
 
1,080,000
 
 
—
 
 
—
 
 
—
 
 
—
 
 
1,080,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
The amounts deducted or added in calculating the average equity award adjustments, are as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Add Average
Year-End
Fair Value of
Equity
Awards
($)
 
 
Add Average
Year-over-
Year Change
in Fair
Value of
Outstanding
and Unvested
Equity
Awards
($)
 
 
Add Average
Fair Value as
of Vesting
Date of
Equity
Awards
Granted and
Vested in the
Year
($)
 
 
Add Average
Year-over-
Year Change
in Fair Value
of Equity
Awards
Granted in
Prior Years
that Vested
in the Year
($)
 
 
Subtract
Average Fair
Value at the
End of the
Prior Year of
Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
($)
 
 
Add Average
Value of
Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustment
($)
2026
 
 
351,800
 
 
(184)
 
 
123,200
 
 
(656)
 
 
—
 
 
—
 
 
474,160
2025
 
 
—
 
 
(292,236)
 
 
—
 
 
(31,660)
 
 
—
 
 
—
 
 
(323,896)
2024
 
 
989,060
 
 
—
 
 
—
 
 
3,118
 
 
—
 
 
—
 
 
992,178
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (1,063,421) $ 0 $ 0
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,216,500 (3,620,000) 1,080,000
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,276,500 0 0
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (60,000) (3,620,000) 1,080,000
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (550,711) 0 (932,090)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 474,160 (323,896) 992,178
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 351,800 0 989,060
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (184) (292,236) 0
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 123,200 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (656) (31,660) 3,118
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0 $ 0 $ 0