Netgear CEO Patrick Lo's 2018 pay jumps 55% to $7.1M
Netgear reports 2018 executive compensation
By ExecPay News
Published: April 20, 2020
Netgear reported fiscal year 2018 executive compensation information on April 20, 2020.
In 2018, eight Netgear executives received on average a compensation package of $3.3M, a 81% increase compared to previous year.
Average pay of disclosed executives at Netgear
Patrick C.S. Lo, Chief Executive Officer, received $7.1M in total, which increased by 55% compared to 2017. 40% of Lo's compensation, or $2.8M, was in stock awards. Lo also received $1M in non-equity incentive plan, $2.4M in option awards, $895K in salary, as well as $3K in other compensation.
For fiscal year 2018, the median employee pay was $126,832 at Netgear. Therefore, the ratio of Patrick C.S. Lo's pay to the median employee pay was 56 to one.
Christine M. Gorjanc, Chief Financial Officer, received a compensation package of $5.8M, which increased by 208% compared to previous year. 68% of the compensation package, or $3.9M, was in option awards.
Andrew W. Kim, General Counsel, earned $3.6M in 2018, a 179% increase compared to previous year.
Michael F. Falcon, Chief Operations Officer, received $2.7M in 2018, which increases by 107% compared to 2017.
Michael A. Werdann, Senior Vice President of Worldwide Sales, earned $2M in 2018, a 39% increase compared to previous year.
David J. Henry, Senior Vice President, Connected Home Products and Services, received $1.9M in 2018, which increases by 48% compared to 2017.
Bryan D. Murray, Chief Financial Officer, earned $1.9M in 2018.
John P. McHugh, Former Senior Vice President, SMB Products and Services, received $1.5M in 2018, which increases by 43% compared to 2017.
Related executives
David Henry
Netgear
President and General Manager of Connected Home Products and Services
John McHugh
Netgear
Former Senior Vice President, SMB Products and Services
Patrick Lo
Netgear
Chief Executive Officer
Bryan Murray
Netgear
Chief Financial Officer
Michael Falcon
Netgear
Chief Operations Officer
Andrew Kim
Netgear
Chief Legal Officer
Michael Werdann
Netgear
Chief Revenue Officer
Christine Gorjanc
Netgear
Chief Financial Officer
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Source: SEC filing on April 20, 2020.