Waters (WAT) executive compensation, 2026 proxy

Udit Batra, Ph.D., President & CEO, was paid $14M in 2025, up 25% from $11.1M the year before. The CEO-to-median-employee pay ratio was 153:1, on median employee pay of $92,793.

Filed
April 9, 2026
Pay year
2025
Named executives
4
CEO total pay
$14M+25% vs prior year
CEO to median employee
153:1median $92,793
CEO pay in equity
75%$10.4M in awards
Prior say-on-pay support
82%of votes cast
CEO target annual bonus
125%Percentage of base salary
Full-year sales growth
7%Reported and constant currency
Adjusted EPS increase
11%Reached $13.13
Say-on-pay support
82%Votes cast in favor

How Ph.D. was paid

$14M 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.

Salary8%Stock awards53%Option awards21%Non-equity incentive17%All other compensation0%

Named executive officers

ExecutiveTotal
Udit Batra, Ph.D.President & CEO$13,973,044
Amol ChaubalSVP & CFO$3,844,298
Jianqing Y. BennettSVP, TA & Clinical Division$2,966,345
Robert Carpio IIISVP, Waters Division$2,819,704

What changed and why

  • $14MCEO total compensation increased to $13,973,044 in fiscal year 2025.
  • 7%Full-year sales grew 7% on reported and constant currency bases.
  • 11%Adjusted earnings per share increased 11% to $13.13.
  • 55%Long-term incentives were rebalanced to 55% PSUs, 30% stock options, and 15% RSUs.
  • 82%Shares voted in favor of the say-on-pay proposal represented approximately 82% of votes cast.

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.