How Gallagher was paid
$9.9M in total for fiscal 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 | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Philip R. GallagherChief Executive Officer | $1,200,000 | $7,309,157 | $1,296,000 | $37,429 | $51,546 | $9,894,132 |
| Kenneth JacobsonChief Financial Officer | $675,000 | $1,791,861 | $486,000 | $45,598 | $27,707 | $3,026,166 |
| Ken E. ArnoldChief People Officer | $560,000 | $1,273,247 | — | $87,152 | $23,599 | $2,246,398 |
| Max ChanChief Information Officer | $550,000 | $801,731 | $316,800 | $46,849 | $20,586 | $1,735,966 |
| Michael R. McCoyGeneral Counsel and Chief Legal Officer | $595,000 | $1,381,652 | $342,720 | $49,881 | $81,310 | $2,450,563 |
What changed and why
- $9.9M$9.9 million: CEO total compensation increased from $8.8 million in fiscal 2024.
- $7.3M$7.3 million: CEO stock awards were the largest component of fiscal 2025 compensation.
- $44,676221:1: CEO-to-median-employee pay ratio, with median employee compensation of $44,676.
- 97.83%97.83%: Shareholders supported the prior advisory vote on executive compensation.
- $1.8M$1.8 million: CEO target annual cash incentive opportunity for fiscal 2025.
- No material program changes followed 2025 shareholder outreach because no concerns were expressed.
Other Avnet proxy statements
- 2026 proxy statement
Philip R. Gallagher paid $12M (+21% on the year), pay ratio 250:1.
Filed Oct 06, 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.