0000724910 2025-04-01 2026-03-31 0000724910 2024-04-01 2025-03-31 0000724910 2023-04-01 2024-03-31 0000724910 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2025-04-01 2026-03-31 0000724910 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2024-04-01 2025-03-31 0000724910 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2023-04-01 2024-03-31 0000724910 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2025-04-01 2026-03-31 0000724910 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2024-04-01 2025-03-31 0000724910 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2023-04-01 2024-03-31 0000724910 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2025-04-01 2026-03-31 0000724910 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2024-04-01 2025-03-31 0000724910 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-04-01 2024-03-31 iso4217:USD pure 0000724910 2026-03-31 DEF 14A false NVE Corporation <kbd style="margin-left:18pt"></kbd>The following table summarizes “Compensation Actually Paid” versus performance in the past three fiscal years: <table style="border-collapse:collapse;width:100%"><tr><td style="width:9.46%;border-bottom:1pt solid #000000" valign="bottom">Year Ended March 31, </td><td style="width:1.6%" valign="middle"> </td><td style="width:11.96%;border-bottom:1pt solid #000000" valign="bottom">Summary Compensation Table Total for CEO($) </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.76%;border-bottom:1pt solid #000000" valign="bottom">“Actually Paid” CEO Compensation ($)(1) </td><td style="width:1.6%" valign="middle"> </td><td style="width:10.36%;border-bottom:1pt solid #000000" valign="bottom">Average Summary Comp. Table Total for Non-CEO NEOs($) </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.76%;border-bottom:1pt solid #000000" valign="bottom">Average Comp. Actually Paid to Non-CEO NEOs($)(1) </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.56%;border-bottom:1pt solid #000000" valign="bottom">Value of Initial Fixed $100 Investment Based on Total Shareholder Return($)(2) </td><td style="width:1.6%" valign="middle"> </td><td style="width:8.68%;border-bottom:1pt solid #000000" valign="bottom">Company Net Income($) </td><td style="width:1.6%" valign="middle"> </td><td colspan="2" style="width:10.26%;border-bottom:1pt solid #000000" valign="bottom">Company Income from Operations ($)(3) </td></tr> <tr><td style="background-color:#CCDAEF;width:9.46%" valign="middle">2026 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:11.96%" valign="middle">585,775 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.76%" valign="middle">575,924 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:10.36%" valign="bottom">215,515 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.76%" valign="bottom">215,515 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.56%" valign="middle">93.38 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:8.68%" valign="middle">15,199,195 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td colspan="2" style="background-color:#CCDAEF;width:10.26%" valign="middle">15,920,491 </td></tr> <tr><td style="width:9.46%" valign="middle">2025 </td><td style="width:1.6%" valign="middle"> </td><td style="width:11.96%" valign="middle">586,515 </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.76%" valign="middle">541,220 </td><td style="width:1.6%" valign="middle"> </td><td style="width:10.36%" valign="bottom">205,855 </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.76%" valign="bottom">205,855 </td><td style="width:1.6%" valign="middle"> </td><td style="width:12.56%" valign="middle">86.44 </td><td style="width:1.6%" valign="middle"> </td><td style="width:8.68%" valign="middle">15,064,516 </td><td style="width:1.6%" valign="middle"> </td><td colspan="2" style="width:10.26%" valign="middle">15,994,149 </td></tr> <tr><td style="background-color:#CCDAEF;width:9.46%" valign="middle">2024 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:11.96%" valign="middle">577,985 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.76%" valign="middle">619,910 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:10.36%" valign="bottom">192,726 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.76%" valign="bottom">195,226 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:12.56%" valign="middle">113.48 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td style="background-color:#CCDAEF;width:8.68%" valign="middle">17,124,699 </td><td style="background-color:#CCDAEF;width:1.6%" valign="middle"> </td><td colspan="2" style="background-color:#CCDAEF;width:10.26%" valign="middle">18,518,865 </td></tr> <tr><td colspan="2" style="width:11.06%;border-bottom:1pt solid #000000" valign="middle"> </td></tr> <tr><td colspan="2" style="width:11.06%" valign="middle"> </td></tr> <tr><td colspan="15" style="width:99.84%" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(1)</kbd>“Actually paid compensation” is defined as “total compensation” as reported in the Summary Compensation Table except the value of Option Awards calculated as follows: (i) for new option awards granted during the fiscal year, the fair value as of the earlier of the vesting date or the last day of the fiscal year; plus (ii) for awards granted in prior fiscal years (and not vested as of the first day of the covered fiscal year), the change in fair value (positive or negative) from the end of the last fiscal year to the earlier of the vesting date or the end of the covered fiscal year. Fair value is determined from the Black-Scholes-Merton option-pricing model with the assumptions discussed in Note 7 to the Financial Statements in our Annual Report on Form 10-K for the year ended March 31, 2026. </td></tr> <tr><td colspan="15" style="width:99.84%" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(2)</kbd>Based on an initial fixed $100 investment at March 31, 2023. </td></tr> <tr><td colspan="15" style="width:99.84%" valign="top"><kbd style="position:absolute;font:10pt Times New Roman;margin-left:-18pt">(3)</kbd>We use income from operations as an important financial metric to link compensation to financial performance. </td></tr> </table> <kbd style="margin-left:18pt"></kbd>Adjustments to determine “Compensation Actually Paid” for the CEO are summarized as follows: <table style="margin:0 auto;border-collapse:collapse;width:101.44%"><tr><td style="width:68.3%" valign="bottom"> </td><td valign="middle"> </td><td colspan="6" style="border-bottom:1pt solid #000000" valign="bottom">Year Ended March 31, </td></tr> <tr><td style="width:68.3%;border-bottom:1pt solid #000000" valign="bottom">Adjustments to Determine “Compensation Actually Paid” for CEO </td><td valign="middle"> </td><td style="border-bottom:1pt solid #000000" valign="bottom"> 2026 </td><td valign="middle"> </td><td style="border-bottom:1pt solid #000000" valign="bottom"> 2025 </td><td valign="middle"> </td><td colspan="2" style="border-bottom:1pt solid #000000" valign="bottom"> 2024 </td></tr> <tr><td style="background-color:#CCDAEF" valign="middle">Deduction for amounts reported under the “Option Awards” columns in the Summary Compensation Table </td><td style="background-color:#CCDAEF" valign="middle"> </td><td style="background-color:#CCDAEF" valign="bottom">($41,026 </td><td style="background-color:#CCDAEF" valign="bottom">) </td><td style="background-color:#CCDAEF" valign="bottom">($57,045 </td><td style="background-color:#CCDAEF" valign="bottom">) </td><td style="background-color:#CCDAEF;width:7.72%" valign="bottom">($50,175 </td><td style="background-color:#CCDAEF;width:0.74%" valign="bottom">) </td></tr> <tr><td valign="middle">Increase for Fair Value of Awards granted during fiscal year that remained unvested as of fiscal year end </td><td valign="middle"> </td><td valign="bottom">37,675 </td><td valign="middle"> </td><td valign="bottom">28,500 </td><td valign="middle"> </td><td style="width:7.72%" valign="bottom">74,600 </td><td style="width:0.74%" valign="middle"> </td></tr> <tr><td style="background-color:#CCDAEF" valign="middle">Increase/deduction for change in Fair Value from prior fiscal year-end to vesting date of Awards granted prior to year that vested during the fiscal year </td><td style="background-color:#CCDAEF" valign="middle"> </td><td style="background-color:#CCDAEF" valign="bottom">(6,500 </td><td style="background-color:#CCDAEF" valign="bottom">) </td><td style="background-color:#CCDAEF" valign="bottom">(16,750 </td><td style="background-color:#CCDAEF" valign="bottom">) </td><td style="background-color:#CCDAEF;width:7.72%" valign="bottom">17,500 </td><td style="background-color:#CCDAEF;width:0.74%" valign="middle"> </td></tr> <tr><td valign="middle">Total Adjustments </td><td valign="middle"> </td><td style="border-top:0.75pt solid #000000;border-bottom:3px double #000000" valign="bottom">($9,851 </td><td valign="middle">) </td><td style="border-top:0.75pt solid #000000;border-bottom:3px double #000000" valign="bottom">($45,295 </td><td valign="middle">) </td><td style="width:7.72%;border-top:0.75pt solid #000000;border-bottom:3px double #000000" valign="bottom">$41,925 </td><td valign="middle"> </td></tr> </table> 585775 575924 215515 215515 93.38

15199195

15920491 586515 541220 205855 205855 86.44

15064516

15994149 577985 619910 192726 195226 113.48

17124699

18518865 -41026 -57045 -50175 37675 28500 74600 -6500 -16750 17500 -9851 -45295 41925 “Actually paid compensation” is defined as “total compensation” as reported in the Summary Compensation Table except the value of Option Awards calculated as follows: (i) for new option awards granted during the fiscal year, the fair value as of the earlier of the vesting date or the last day of the fiscal year; plus (ii) for awards granted in prior fiscal years (and not vested as of the first day of the covered fiscal year), the change in fair value (positive or negative) from the end of the last fiscal year to the earlier of the vesting date or the end of the covered fiscal year. Fair value is determined from the Black-Scholes-Merton option-pricing model with the assumptions discussed in Note 7 to the Financial Statements in our Annual Report on Form 10-K for the year ended March 31, 2026. Based on an initial fixed $100 investment at March 31, 2023. We use income from operations as an important financial metric to link compensation to financial performance.