Materion CEO Jugal Vijayvargiya's 2019 pay rises 19% to $5.1M
Materion reports 2019 executive compensation
By ExecPay News
Published: March 30, 2020
Materion reported fiscal year 2019 executive compensation information on March 30, 2020.
In 2019, three Materion executives received on average a compensation package of $2.8M, a 7% increase compared to previous year.
Average pay of disclosed executives at Materion
Jugal K. Vijayvargiya, Chief Executive Officer, received $5.1M in total, which increased by 19% compared to 2018. 37% of Vijayvargiya's compensation, or $1.9M, was in stock awards. Vijayvargiya also received $933K in bonus, $892K in non-equity incentive plan, $571K in option awards, $735K in salary, as well as $86K in other compensation.
For fiscal year 2019, the median employee pay was $95,168 at Materion. Therefore, the ratio of Jugal K. Vijayvargiya's pay to the median employee pay was 53 to one.
Joseph P. Kelley, Chief Financial Officer, received a compensation package of $1.8M, which decreased by 21% compared to previous year. 38% of the compensation package, or $675K, was in stock awards.
Gregory R. Chemnitz, General Counsel, earned $1.7M in 2019, a 17% increase compared to previous year.
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Source: SEC filing on March 30, 2020.