How Clark was paid
$19.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Kevin P. ClarkChair and CEO | $1,462,272 | — | $15,145,160 | $2,303,078 | $339,767 | $19,250,277 |
| Varun LaroyiaExecutive Vice President and CFO | $850,000 | $1,000,000 | $4,230,214 | $892,500 | $159,978 | $7,132,692 |
| Javed A. KhanExecutive Vice President and President, Software and AS&UX | $900,000 | $1,500,000 | $4,718,198 | $1,190,700 | $122,487 | $8,431,385 |
| Joseph T. LiotineExecutive Vice President and President, EDS | $900,000 | $1,000,000 | $4,491,364 | $1,215,000 | $95,505 | $7,701,869 |
| Joseph R. MassaroVice Chair and President, ECG | $1,297,500 | — | $8,216,342 | $1,708,898 | $204,202 | $11,426,942 |
What changed and why
- 92%92% of CEO total target annual compensation is at risk and 80% is granted in equity.
- 97%Revenue and operating income exceeded target, resulting in annual incentive payouts ranging from 97% to 108% of target.
- Within the Annual Incentive Plan, Cash Flow and Growth over Market were replaced with Revenue while retaining Operating Income.
- In the Performance-Restricted Stock Unit program, Software and Adjacent Markets revenue was added as a weighted measure.
- The separation of the Electrical Distribution Systems business as Versigent is on track for completion on April 1, 2026.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.