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Advanced Energy Industries Executive Compensation (FY25)

AEIS · Denver, CO · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Stephen Kelley
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 8, 2026
16 filings cited on this page
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Advanced Energy Industries brief$1,500Get the executive brief
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267 figures on this page: 256 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Stephen Kelley: $8,761,961 → $11,187,208 (27.7% higher)
CEO pay ratio: 980:1 → 840:1 (14.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Advanced Energy Industries' chief executive and what were they paid?
Total compensation for Stephen Kelley, President and Chief Executive Officer, came to $11,187,208 in fiscal 2025. Kelley's total moved 27.7% higher from the $8,761,961 reported for fiscal 2024.
What was Advanced Energy Industries' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.7% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in Advanced Energy Industries' peer group?
The disclosed peer group includes Cirrus Logic, Inc., Coherent Corp., Entegris, Inc., FormFactor, Inc. and Kulicke & Soffa Industries, Inc., among others.
What is Advanced Energy Industries' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 840:1, against median employee compensation of $13,320.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Kelley
President and Chief Executive Officer
◇—◇◇◇—◇◇
Paul Oldham
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Eduardo Bernal Acebedo
Executive Vice President and Chief Operations Officer
◇—◇◇◇—◇◇
John Donaghey
Executive Vice President and Global Head of Sales
◇—◇◇◇—◇◇
Elizabeth Vonne
Executive Vice President, General Counsel and Secretary
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Kelley
President and Chief Executive Officer
◇—◇—◇—◇◇
Paul Oldham
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Eduardo Bernal Acebedo
Executive Vice President and Chief Operations Officer
◇—◇—◇—◇◇
John Donaghey
Executive Vice President and Global Head of Sales
◇—◇—◇—◇◇
Elizabeth Vonne
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Kelley
President and Chief Executive Officer
◇—◇—◇—◇◇
Eduardo Bernal Acebedo
Executive Vice President and Chief Operations Officer
◇—◇—◇—◇◇
Paul Oldham
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
John Donaghey
Executive Vice President and Global Head of Sales
◇—◇—◇—◇◇
Elizabeth Vonne
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Kelley
President and Chief Executive Officer
◇—◇—◇—◇◇
Eduardo Bernal Acebedo
Executive Vice President and Chief Operations Officer
◇—◇—◇—◇◇
Paul Oldham
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
John Donaghey
Executive Vice President and Chief Commercial Officer
◇—◇—◇—◇◇
Elizabeth Vonne
Executive Vice President, General Counsel and Secretary
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eduardo Bernal AcebedoPSU◇◇◇—◇—◇
Eduardo Bernal AcebedoRSU◇——◇——◇
Elizabeth VonneRSU◇——◇——◇
Elizabeth VonnePSU◇◇◇—◇—◇
John DonagheyRSU◇——◇——◇
John DonagheyPSU◇◇◇—◇—◇
Paul OldhamPSU◇◇◇—◇—◇
Paul OldhamRSU◇——◇——◇
Stephen KelleyPSU◇◇◇—◇—◇
Stephen KelleyRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Stephen KelleyPSU◇◇——
RSU◇◇——
Eduardo Bernal AcebedoPSU◇◇——
RSU◇◇——
Paul OldhamPSU◇◇——
RSU◇◇——
John DonagheyPSU◇◇——
RSU◇◇——
Elizabeth VonnePSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Eduardo Bernal Acebedo
Chief Operating Officer · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Elizabeth Vonne
Executive Vice President, General Counsel and Secretary · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
John Donaghey
Executive Vice President and Chief Commercial Officer · Severance agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Grant H. Beard
Board chair
◇◇————◇
Ronald C. Foster
◇◇————◇
Tina M. Donikowski
◇◇————◇
Frederick A. Ball
◇◇————◇
Lanesha T. Minnix
◇◇————◇
John A. Roush
◇◇————◇
Anne T. DelSanto
◇◇————◇
Brian M. Shirley
◇◇————◇
David W. Reed
◇◇————◇
Stephen D. Kelley served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Cirrus Logic, Inc. CRUS
  • Coherent Corp. COHR
  • Entegris, Inc. ENTG
  • FormFactor, Inc. FORM
  • Kulicke & Soffa Industries, Inc. KLIC
  • Littelfuse Inc. LFUS
  • MaxLinear, Inc. MXL
  • MKS Instruments, Inc. MKSI
  • Monolithic Power Systems, Inc. MPWR
  • OSI Systems, Inc. OSIS
  • Penguin Solutions, Inc. PENG
  • Power Integrations, Inc. POWI
  • Silicon Laboratories Inc. SLAB
  • Synaptics Incorporated SYNA
  • Ultra Clean Holdings, Inc. UCTT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024April 24, 2025=◇◇◇
2023April 25, 2024=◇◇◇
2022April 27, 2023=◇◇◇
2021May 9, 2022=◇◇◇
2020April 30, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018June 4, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 4, 2017=◇◇◇
2015May 5, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Stephen Kelley (President and Chief Executive Officer), FY2025 total compensation $11,187,208 (base salary $977,792) [exec_comp, SEC accession 0001104659-26-035159, filed 2026-03-26]

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What this page does not include

Everything above is a fact Advanced Energy Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Advanced Energy Industries sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
267 figures on this page: 256 cited to the filing that reported them, 11 calculated from figures it prints.
256 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001104659-26-057731
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-035159
    2025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · CEO Pay Ratio · Director Compensation · and 1 more section
  3. 0001558370-25-005481
  4. 0001558370-25-002944
    Summary Compensation Table for 2024
  5. 0001558370-24-006391
  6. 0001558370-24-003395
    Summary Compensation Table for 2023
  7. 0001558370-23-018255
    Employment Agreement · Exhibit
  8. 0001558370-23-007263
  9. 0001558370-23-003522
    Summary Compensation Table
  10. 0001558370-22-008157
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001558370-21-005489
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001558370-20-004949
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000927003-19-000039
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000927003-18-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000927003-17-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0000927003-16-000114
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Advanced Energy Industries executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AEIS (accessed 2026).
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16 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Advanced Energy Industries discloses

The companies named in AEIS's own disclosed peer group.

Cirrus Logic, Inc.Coherent Corp.Entegris, Inc.FormFactor, Inc.Kulicke & Soffa Industries, Inc.Littelfuse Inc.MaxLinear, Inc.MKS Instruments, Inc.Monolithic Power Systems, Inc.OSI Systems, Inc.Penguin Solutions, Inc.Power Integrations, Inc.Silicon Laboratories Inc.Synaptics IncorporatedUltra Clean Holdings, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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