NETGEAR INC
For the period ended May 29, 2025. Filed Apr 18, 2025.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 29, 2025 · Filed Apr 18, 2025
Contents
Compensation Components
Total Compensation
The CTC emphasizes performance-based compensation, which includes elements dependent directly on results, for our executive team. Target total direct compensation (i.e., base salary, target annual cash incentive compensation, and long-term incentive compensation) is generally targeted at or near the median total direct compensation of the Peer Group for NEOs. By targeting this median, our CTC intends to set an overall compensation package that is competitive and within reasonable market parameters, with the goal of attracting, motivating, and retaining our executives for the long-term success of the Company. Comparing the elements of target total direct compensation for 2024 for our NEOs (other than Mr. Lo, who ceased serving as an executive officer of the Company in January 2024), base salary represented, on average, approximately 21% of our NEOs’ pay mix, target annual incentive compensation represented, on average, approximately 15% of our NEOs’ pay mix, and long-term incentive compensation represented, on average, approximately 64% of our NEOs’ pay mix. However, we do not have a formal policy allocating between cash and non-cash compensation or between each element of compensation.
| Component | Primary Purposes |
| Base Salary | Provide market competitive fixed compensation that attracts and retains key executive talent and that reflects the individual’s role, responsibilities, and performance. |
| Annual IncentiveCompensation | Motivate and reward executives for achieving pre-established, short-term performance goals that are critical to our strategic priorities. |
| Long-Term IncentiveCompensation | Promote retention of our key executive talent.Motivate executives to optimize the long-term success of the business.Align the interests of executives with those of stockholders by aligning executive compensation with long-term drivers of stockholder value. |
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