How Smith was paid
$4.4M in total for fiscal 2026, 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 |
|---|---|---|---|---|---|---|
| Peter A. SmithDirector, President and Chief Executive Officer | $650,000 | — | $3,559,276 | $196,563 | $11,633 | $4,417,472 |
| Andrew SchmidtSenior Vice President and Chief Financial Officer | $247,133 | $10,000 | $329,995 | $35,452 | $16,042 | $638,622 |
| Erin BoaseGeneral Counsel, Vice President Legal Affairs | $332,732 | $65,000 | $275,209 | $28,398 | $11,103 | $712,442 |
| Gary CrokeSenior Vice President Product and Innovation | $346,280 | $55,000 | $497,744 | $29,750 | $6,744 | $935,518 |
| Michael ConnawayFormer Senior Vice President and Chief Financial Officer | $141,362 | — | — | — | $1,195 | $142,558 |
| Andrew FredricksonFormer Interim Vice President and Chief Financial Office, Vice President of Corporate Finance | $247,286 | — | $174,270 | $20,949 | $11,218 | $453,723 |
What changed and why
- $4.4M$4,417,472 CEO total compensation in 2026 compared with $3,772,051 in 2025.
- $650K$650,000 CEO salary remained unchanged after other executives received August 2025 salary adjustments.
- 100%100% of fiscal 2026 annual incentive bonuses were performance-based and at-risk.
- 50%50% of fiscal 2026 equity award value granted to NEOs comprised performance-based restricted stock units.
- $1,195$1,195 was Michael Connaway’s only reported 2026 compensation beyond his $141,362 salary after separation.
- TSR and revenue growth were the performance measures for three-year PSU awards.
Other Aviat Networks proxy statements
- 2025 proxy statement
Peter A. Smith paid $3.8M (-11% on the year), pay ratio 64:1.
Filed Sep 23, 2025
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.