Netgear CEO Patrick Lo's 2019 pay falls 41% to $4.2M
Netgear reports 2019 executive compensation
By ExecPay News
Published: April 20, 2020
Netgear reported fiscal year 2019 executive compensation information on April 20, 2020.
In 2019, six Netgear executives received on average a compensation package of $2M, a 39% decrease compared to previous year.
Average pay of disclosed executives at Netgear
Patrick C.S. Lo, Chief Executive Officer, received $4.2M in total, which decreased by 41% compared to 2018. 40% of Lo's compensation, or $1.7M, was in option awards. Lo also received $922K in salary, $1.6M in stock awards, as well as $23K in other compensation.
For fiscal year 2019, the median employee pay was $108,186 at Netgear. Therefore, the ratio of Patrick C.S. Lo's pay to the median employee pay was 39 to one.
John P. McHugh, Former Senior Vice President, SMB Products and Services, received a compensation package of $2.2M, which increased by 50% compared to previous year. 44% of the compensation package, or $993K, was in option awards.
Michael A. Werdann, Senior Vice President of Worldwide Sales, earned $1.6M in 2019, a 21% decrease compared to previous year.
Bryan D. Murray, Chief Financial Officer, received $1.4M in 2019, which decreases by 25% compared to 2018.
Andrew W. Kim, General Counsel, earned $1.3M in 2019, a 64% decrease compared to previous year.
David J. Henry, Senior Vice President, Connected Home Products and Services, received $1.3M in 2019, which decreases by 33% compared to 2018.
Related executives
Patrick Lo
Netgear
Chief Executive Officer
Bryan Murray
Netgear
Chief Financial Officer
David Henry
Netgear
President and General Manager of Connected Home Products and Services
Andrew Kim
Netgear
Chief Legal Officer
John McHugh
Netgear
Former Senior Vice President, SMB Products and Services
Michael Werdann
Netgear
Chief Revenue Officer
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Source: SEC filing on April 20, 2020.