Materion CEO Jugal Vijayvargiya's 2020 pay falls 49% to $2.6M
Materion reports 2020 executive compensation
By ExecPay News
Published: March 25, 2021
Materion reported fiscal year 2020 executive compensation information on March 25, 2021.
In 2020, five Materion executives received on average a compensation package of $1.2M, a 56% decrease compared to previous year.
Average pay of disclosed executives at Materion
Jugal K. Vijayvargiya, Chief Executive Officer, received $2.6M in total, which decreased by 49% compared to 2019. 49% of Vijayvargiya's compensation, or $1.3M, was in stock awards. Vijayvargiya also received $59K in non-equity incentive plan, $384K in option awards, $779K in salary, as well as $78K in other compensation.
For fiscal year 2020, the median employee pay was $84,404 at Materion. Therefore, the ratio of Jugal K. Vijayvargiya's pay to the median employee pay was 30 to one.
Shelly M. Chadwick, Chief Financial Officer, received a compensation package of $1.1M. 84% of the compensation package, or $920K, was in stock awards.
Gregory R. Chemnitz, General Counsel, earned $1M in 2020, a 39% decrease compared to previous year.
Joseph P. Kelley, Chief Financial Officer, received $923K in 2020, which decreases by 48% compared to 2019.
Stephen F. Shamrock, Vice President, Corporate Controller and Investor Relations, earned $574K in 2020.
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Source: SEC filing on March 25, 2021.