Netgear CEO Patrick Lo's 2021 pay rises 4% to $5.2M
Netgear reports 2021 executive compensation
By ExecPay News
Published: April 21, 2022
Netgear reported fiscal year 2021 executive compensation information on April 21, 2022.
In 2021, five Netgear executives received on average a compensation package of $2.5M, a 18% increase compared to previous year.
Average pay of disclosed executives at Netgear
Patrick C.S. Lo, Chief Executive Officer, received $5.2M in total, which increased by 4% compared to 2020. 76% of Lo's compensation, or $3.9M, was in stock awards. Lo also received $337K in non-equity incentive plan, $936K in salary, as well as $3.3K in other compensation.
For fiscal year 2021, the median employee pay was $126,306 at Netgear. Therefore, the ratio of Patrick C.S. Lo's pay to the median employee pay was 41 to one.
Bryan D. Murray, Chief Financial Officer, received a compensation package of $2.3M, which increased by 41% compared to previous year. 75% of the compensation package, or $1.7M, was in stock awards.
Michael A. Werdann, Chief Revenue Officer, earned $1.8M in 2021, a 1% increase compared to previous year.
David J. Henry, President and General Manager of Connected Home Products and Services, received $1.5M in 2021, which increases by 10% compared to 2020.
Andrew W. Kim, Chief Legal Officer, earned $1.5M in 2021, a 6% increase compared to previous year.
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Source: SEC filing on April 21, 2022.