How Nagarajan was paid
$8.2M 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.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Sundaram NagarajanPresident and Chief Executive Officer | $1,049,385 | $3,514,413 | $1,519,547 | $1,327,472 | $677,468 | $65,616 | $8,153,900 |
| Daniel HopgoodExecutive Vice President and Chief Financial Officer | $549,539 | $850,184 | $367,633 | $417,100 | — | $43,683 | $2,228,140 |
| Joseph KelleyExecutive Vice President | $579,738 | $991,980 | $428,883 | $409,063 | $243,246 | $34,306 | $2,687,215 |
| Jennifer McDonoughExecutive Vice President | $479,723 | $720,094 | $220,594 | $339,836 | — | $31,284 | $1,791,531 |
| Srinivas SubramanianExecutive Vice President | $469,692 | $634,927 | $183,817 | $393,555 | $263,824 | $19,036 | $1,964,850 |
| Stephen LovassFormer Executive Vice President | $323,705 | $481,835 | $208,289 | $246,534 | $115,248 | $866,341 | $2,241,952 |
What changed and why
- $8.2MSundaram Nagarajan received total compensation of $8,153,900 in fiscal 2025, compared to $8,566,276 in fiscal 2024.
- 101%The annual cash incentive award payout for the CEO was 101 percent of target based on financial performance.
- 65%Performance share incentive awards for the fiscal year paid out at 65 percent of target.
- $866KStephen Lovass stepped down as segment leader and received severance payments totaling $866,341 in all other compensation.
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.