How Smith was paid
$3.8M 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 | Stock | Other | Total |
|---|---|---|---|---|
| Peter A. SmithDirector, President and Chief Executive Officer | $650,000 | $3,111,023 | $11,028 | $3,772,051 |
| Michael ConnawaySenior Vice President and Chief Financial Officer | $525,000 | $1,006,265 | $22,442 | $1,553,707 |
| Erin BoaseGeneral Counsel, Vice President Legal Affairs | $322,648 | $479,144 | $10,304 | $812,096 |
| Gary CrokeVice President, Marketing and Product Line Mgmt | $285,500 | $302,653 | $5,974 | $594,127 |
What changed and why
- 6.5%6.5% revenue growth was achieved in fiscal 2025, the fifth consecutive fiscal year of topline growth.
- 3 of 4 fiscal quarters produced record adjusted EBITDA.
- 100%100% of fiscal 2025 annual cash bonuses were performance-based and at-risk.
- 50%50% of fiscal 2025 equity award value was performance-based.
- CEO base pay remained unchanged in the August 2024 annual compensation review.
- Three-year PSUs were tied to TSR and revenue growth targets.
Other Aviat Networks proxy statements
- 2026 proxy statement
Peter A. Smith paid $4.4M (+17% on the year), pay ratio 75:1.
Filed Oct 02, 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.