Materion CEO Jugal Vijayvargiya's 2018 pay jumps 36% to $4.3M
Materion reports 2018 executive compensation
By ExecPay News
Published: March 25, 2019
Materion reported fiscal year 2018 executive compensation information on March 25, 2019.
In 2018, three Materion executives received on average a compensation package of $2.6M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Materion
Jugal K. Vijayvargiya, Chief Executive Officer, received $4.3M in total, which increased by 36% compared to 2017. 32% of Vijayvargiya's compensation, or $1.4M, was in stock awards. Vijayvargiya also received $467K in bonus, $1.3M in non-equity incentive plan, $390K in option awards, $718K in salary, as well as $18K in other compensation.
For fiscal year 2018, the median employee pay was $63,164 at Materion. Therefore, the ratio of Jugal K. Vijayvargiya's pay to the median employee pay was 67 to one.
Joseph P. Kelley, Chief Financial Officer, received a compensation package of $2.2M, which increased by 72% compared to previous year. 48% of the compensation package, or $1.1M, was in stock awards.
Gregory R. Chemnitz, General Counsel, earned $1.4M in 2018, a 11% increase compared to previous year.
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Source: SEC filing on March 25, 2019.