Varex Imaging Corp
For the period ended Feb 12, 2026. Filed Dec 29, 2025.
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Feb 12, 2026 · Filed Dec 29, 2025
Contents
Program Overview
Program Overview
This Compensation Discussion and Analysis section focuses on the following executives who were our NEOs for fiscal year 2025:
| Name | | | Title | |
|---|---|---|---|---|
| Sunny S. Sanyal | | | President and Chief Executive Officer | |
| Shubham Maheshwari | | | Chief Financial Officer | |
| Kimberley E. Honeysett | | | Former Senior Vice President, Chief Legal Officer and Corporate Secretary* | |
| Andrew J. Hartmann | | | Senior Vice President and General Manager, Detectors | |
| Mark S. Jonaitis | | | Senior Vice President and General Manager, X-Ray Sources | |
Ms. Honeysett ceased to be the Company’s Senior Vice President, Chief Legal Officer and Corporate Secretary effective October 3, 2025, the last day of our 2025 fiscal year.
Each program component and the rationale for it are highlighted below:
| Component | | | Purpose and Role | |
|---|---|---|---|---|
| Base salary | | | • Provide a competitive, fixed level of cash compensation to attract and retain talented and skilled senior executives. | |
| | | | • Recognize sustained performance, capabilities, job scope, experience, and internal pay equity. | |
| Short Term Incentives (“STI”) | | | • Motivate and reward achievement of annual financial results that drive profitability and stockholder value. | |
| | | | • Reward achievement of strategic goals that provide the foundation for future growth and profitability. | |
| Long Term Incentives (“LTI”) | | | • Align the interests of executives with those of our stockholders as the value of all awards is tied to our stock price. | |
| | | | • Motivate and reward achievement of long-term financial results that drive profitability and stockholder value. | |
| | | | • Motivate and reward long-term value creation as measured on a relative basis. | |
| | | | • Encourage executive retention and long-term performance through vesting over four years for time-vested awards and three years for performance-based awards. | |
| Executive benefits and perquisites | | | • Provide the same 401(k) and other benefits as non-executive employees. | |
| | | | • Provide a competitive retirement benefit by allowing executives to defer compensation pursuant to a nonqualified deferred compensation plan. | |
Short Term Incentives consisted of an annual cash bonus, also sometimes referred to herein as an annual incentive.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.