How Gallagher was paid
$12M 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 | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Philip R. GallagherChief Executive Officer | $1,200,000 | $7,970,035 | $2,706,893 | $38,689 | $65,281 | $11,980,898 |
| Kenneth A. JacobsonChief Financial Officer | $725,000 | $2,062,763 | $1,022,134 | $54,354 | $49,410 | $3,913,661 |
| Ken E. ArnoldChief People Officer | $600,000 | $1,406,527 | $634,428 | $101,925 | $20,278 | $2,763,158 |
| Max ChanChief Information Officer | $585,000 | $937,752 | $659,805 | $54,831 | $24,802 | $2,262,190 |
| Michael R. McCoyGeneral Counsel and Chief Legal Officer | $635,000 | $1,500,181 | $716,198 | $52,250 | $63,013 | $2,966,642 |
What changed and why
- $12M$11,980,898 CEO total compensation increased from $9,894,132 in fiscal 2025.
- $8M$7,970,035 CEO stock awards represented the largest component of fiscal 2026 compensation.
- $2.7M$2,706,893 CEO non-equity incentive compensation increased from $1,296,000 in fiscal 2025.
- 250:1 was the fiscal 2026 CEO-to-median-employee pay ratio.
- $47,977$47,977 was the median employee’s fiscal 2026 total compensation.
- PSUs used three one-fiscal-year performance tranches measured over a three-year period.
Other Avnet proxy statements
- 2025 proxy statement
Philip R. Gallagher paid $9.9M (+13% on the year), pay ratio 221:1.
Filed Oct 07, 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.