Netgear CEO Patrick Lo's 2020 pay rises 19% to $5M
Netgear reports 2020 executive compensation
By ExecPay News
Published: April 21, 2022
Netgear reported fiscal year 2020 executive compensation information on April 21, 2022.
In 2020, seven Netgear executives received on average a compensation package of $2.1M, a 5% increase compared to previous year.
Average pay of disclosed executives at Netgear
Patrick C.S. Lo, Chief Executive Officer, received $5M in total, which increased by 19% compared to 2019. 57% of Lo's compensation, or $2.9M, was in stock awards. Lo also received $1.2M in non-equity incentive plan, $922K in salary, as well as $3K in other compensation.
For fiscal year 2020, the median employee pay was $115,833 at Netgear. Therefore, the ratio of Patrick C.S. Lo's pay to the median employee pay was 43 to one.
Martin D. Westhead, Chief Technology Officer, received a compensation package of $1.8M. 51% of the compensation package, or $906K, was in stock awards.
Michael A. Werdann, Senior Vice President of Worldwide Sales, earned $1.8M in 2020, a 13% increase compared to previous year.
Vikram Mehta, Senior Vice President, SMB Products and Services, received $1.6M in 2020.
Bryan D. Murray, Chief Financial Officer, earned $1.6M in 2020, a 12% increase compared to previous year.
Andrew W. Kim, Chief Legal Officer, received $1.4M in 2020, which increases by 11% compared to 2019.
David J. Henry, President and General Manager of Connected Home Products and Services, earned $1.4M in 2020, a 10% increase compared to previous year.
Related executives
David Henry
Netgear
President and General Manager of Connected Home Products and Services
Andrew Kim
Netgear
Chief Legal Officer
Patrick Lo
Netgear
Chief Executive Officer
Bryan Murray
Netgear
Chief Financial Officer
Vikram Mehta
Netgear
Senior Vice President, SMB Products and Services
Michael Werdann
Netgear
Chief Revenue Officer
Martin Westhead
Netgear
Chief Technology Officer
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Source: SEC filing on April 21, 2022.