Calix (CALX) executive compensation, 2026 proxy

Michael Weening, President and Chief Executive Officer, was paid $10.8M in 2025, up 31% from $8.3M the year before. The CEO-to-median-employee pay ratio was 74:1, on median employee pay of $147,197.

Filed
March 27, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
5
CEO total pay
$10.8M+31% vs prior year
CEO to median employee
74:1median $147,197
CEO Base Salary
$560,000Unchanged from prior year
CEO Option Awards
$9,227,829Based on grant date fair value
Median Employee Pay
$147,197Determined as of December 31, 2025
Pay Ratio
73.5:1Ratio of CEO to median employee

How Weening was paid

$10.8M 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.

Salary5%Option awards85%Non-equity incentive9%All other compensation0%

Named executive officers

ExecutiveTotal
Michael WeeningPresident and Chief Executive Officer$10,820,080
Cory SindelarChief Financial Officer$8,215,668
John DurocherChief Operating Officer$9,338,490
Shane EleniakChief Product Officer$9,238,285
J. Matthew CollinsChief Commercial Operations Officer$9,527,039

What changed and why

  • $10.8MCEO total compensation increased to $10,820,080 in 2025 compared to $8,265,659 in 2024.
  • $9.2MOption awards for CEO Michael Weening were valued at $9,227,829 for fiscal 2025.
  • $1MNon-equity incentive plan compensation for the CEO was $1,023,349 for fiscal 2025.
  • J. Matthew Collins served as Chief Commercial Operations Officer until his passing on May 7, 2025.
  • John Durocher was appointed Chief Operating Officer in November 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.