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Tech — Hardware

Enovix Executive Compensation (FY25)

ENVX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Raj Talluri
Latest say-on-pay support
=
June 11, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): June 12, 2026
7 filings cited on this page
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198 figures on this page: 194 cited to the filing that reported them, 4 calculated from figures it prints. See the citations

More on Enovix

Five data products on this company. Each one is requested through the developer setup page.
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 — Raj Talluri: $11,452,248 → $7,996,489 (30.2% lower)
Say-on-pay support: 76.9% → 82.5% (5.6 points higher)
CEO pay ratio: 30:1 → 47:1 (56.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Enovix's chief executive and what were they paid?
Total compensation for Raj Talluri, President and Chief Executive Officer, came to $7,996,489 in fiscal 2025. Compared with the $11,452,248 reported for fiscal 2024, Talluri's total was 30.2% lower.
What was Enovix's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 82.5% of votes cast for or against in favor at the meeting held June 11, 2026.
Which companies are in Enovix's peer group?
The disclosed peer group names Ambarella, Amprius Technologies, Cohu, Credo Technology Group and Impinj, among others.
What is Enovix's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 47:1, against median employee compensation of $169,800.

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
Ajay Marathe
Chief Operating Officer
◇—◇—◇—◇◇
Steffen Pietzke
Chief Financial Officer
◇—◇◇◇—◇◇
Edward Hejlek
Senior Vice President, Intellectual Property
◇—◇◇◇—◇◇
Harrold Rust
Former President and Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
Ashok Lahiri
Former Chief Technology Officer
Departed during or after this year
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ajay Marathe
Former Chief Operating Officer
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Raj Talluri
President and Chief Executive Officer
◇—◇—◇—◇◇
Farhan Ahmad
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Ajay Marathe
Chief Operating Officer
◇—◇—◇—◇◇
Arthi Chakravarthy
Chief Legal Officer and Head of Corporate Development
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Raj Talluri
President and Chief Executive Officer
◇—◇—◇—◇◇
Ryan Benton
Chief Financial Officer
◇—◇—◇—◇◇
Ajay Marathe
Former Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Arthi Chakravarthy
Chief Legal Officer
◇—◇—◇—◇◇
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
Ajay MarathePSU◇—◇—◇—◇
Ajay MaratheRSU◇——◇——◇
Ajay MaratheRSU◇——◇——◇
Arthi ChakravarthyPSU◇—◇—◇—◇
Arthi ChakravarthyRSU◇——◇——◇
Raj TalluriRSU◇——◇——◇
Raj TalluriPSU◇—◇—◇—◇
Ryan BentonRSU◇——◇——◇
Fiscal 2022, 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
Raj TalluriRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ryan BentonRSU◇◇——
Ajay MaratheRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Arthi ChakravarthyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
J. Daniel McCranie
◇◇————◇
Thurman John Rodgers
Board chair
◇◇————◇
Joseph Malchow
◇◇————◇
Gregory Reichow
◇◇————◇
Bernard Gutmann
◇◇————◇
Betsy Atkins
◇◇————◇
Pegah Ebrahimi
◇◇————◇
Dr. Raj Talluri 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
  • Ambarella AMBA
  • Amprius Technologies AMPX
  • Cohu COHU
  • Credo Technology Group CRDO
  • Impinj PI
  • IonQ IONQ
  • MaxLinear MXL
  • QuantumScape QS
  • Rambus RMBS
  • Semtech SMTC
  • Shoals Technologies Group SHLS
  • SiTime SITM
  • Wolfspeed WOLF

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 11, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 13, 2024=◇◇◇
2022June 15, 2023=◇◇◇

Chief executive pay ratio

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

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Raj Talluri (President and Chief Executive Officer), FY2025 total compensation $7,996,489 (base salary $617,505) [exec_comp, SEC accession 0001828318-26-000018, filed 2026-04-24]

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What this page does not include

Everything above is a fact Enovix disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Enovix 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.
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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.
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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.
198 figures on this page: 194 cited to the filing that reported them, 4 calculated from figures it prints.
194 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001828318-26-000046
    Proposal 2 – Compensation of Our Named Executive Officers Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.
  2. 0001828318-26-000018
    Director Compensation · Executive Compensation Tables · Pay Ratio Disclosure
  3. 0001828318-25-000209
    Proposal 2 – Compensation of Our Named Executive Officers Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement.
  4. 0001828318-25-000131
    2024 Summary Compensation Table
  5. 0001828318-24-000126
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001828318-23-000115
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001628280-23-014244
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Enovix executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ENVX (accessed 2026).
Short form: data: Velarion

The paid brief for Enovix

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
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 Enovix discloses

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

AmbarellaAmprius TechnologiesCohuCredo Technology GroupImpinjIonQMaxLinearQuantumScapeRambusSemtechShoals Technologies GroupSiTimeWolfspeed

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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