How Vijayvargiya was paid
$4.8M 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 | Options | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Jugal K. VijayvargiyaPresident and Chief Executive Officer | $982,693 | $2,960,100 | $779,921 | — | $72,188 | $4,794,902 |
| Shelly M. ChadwickVice President, Finance and Chief Financial Officer | $520,673 | $1,344,220 | $171,593 | — | $34,699 | $2,071,185 |
| Gregory R. ChemnitzVice President, General Counsel and Secretary | $494,650 | $395,215 | $80,333 | $42,824 | $27,302 | $1,040,324 |
What changed and why
- $4.8MCEO total compensation decreased to $4,794,902 in fiscal 2025 from $5,858,482 in fiscal 2024.
- Annual Incentive Plan funding resulted in zero payout due to performance falling below goals.
- 95%Shareholders approved the 2025 say-on-pay proposal with over 95% support.
- Stock ownership requirements increased to six times salary for the CEO and directors.
- 75%Performance-based grants represented approximately 75% of target equity for the CEO.
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.