Materion CEO Jugal Vijayvargiya's 2021 pay jumps 73% to $4.5M
Materion reports 2021 executive compensation
By ExecPay News
Published: March 24, 2022
Materion reported fiscal year 2021 executive compensation information on March 24, 2022.
In 2021, three Materion executives received on average a compensation package of $2.5M, a 100% increase compared to previous year.
Average pay of disclosed executives at Materion
Jugal K. Vijayvargiya, Chief Executive Officer, received $4.5M in total, which increased by 73% compared to 2020. 39% of Vijayvargiya's compensation, or $1.7M, was in stock awards. Vijayvargiya also received $1.3M in non-equity incentive plan, $508K in option awards, $771K in salary, as well as $88K in other compensation.
For fiscal year 2021, the median employee pay was $68,247 at Materion. Therefore, the ratio of Jugal K. Vijayvargiya's pay to the median employee pay was 65 to one.
Shelly M. Chadwick, Chief Financial Officer, received a compensation package of $1.6M, which increased by 45% compared to previous year. 33% of the compensation package, or $528K, was in stock awards.
Gregory R. Chemnitz, General Counsel, earned $1.4M in 2021, a 36% increase compared to previous year.
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Source: SEC filing on March 24, 2022.