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Industrials & Aerospace

Generac Holdings Executive Compensation (FY25)

GNRC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Aaron Jagdfeld
Latest say-on-pay support
=
June 12, 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
15 filings cited on this page
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Generac Holdings brief$500Get the executive brief
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355 figures on this page: 344 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 — Aaron Jagdfeld: $9,297,966 → $8,809,765 (5.3% lower)
Say-on-pay support: 96.2% → 94.9% (1.3 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Generac Holdings' chief executive and what were they paid?
Aaron Jagdfeld, Chairman, President and Chief Executive Officer, received $8,809,765 in total compensation for fiscal 2025. Jagdfeld's total was 5.3% lower than the $9,297,966 reported for fiscal 2024.
What was Generac Holdings' say-on-pay result?
The say-on-pay proposal drew 94.9% of votes cast for or against in favor at the meeting held June 12, 2026 for fiscal 2025.
Which companies are in Generac Holdings' peer group?
Companies named in the disclosed peer group include A.O. Smith Corporation, Acuity Brands, Inc., AMETEK, Inc., Dover Corporation and EnerSys, among others.
What is Generac Holdings' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 122:1, against median employee compensation of $72,040.

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
Aaron Jagdfeld
Chairman, President and Chief Executive Officer
◇—◇◇——◇◇
Norman Taffe
President Energy Technology
◇—◇———◇◇
York Ragen
Chief Financial Officer
◇—◇◇——◇◇
Erik Wilde
Executive Vice President Industrial Americas
◇—◇◇◇—◇◇
Patrick Forsythe
Chief Technical Officer
◇—◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Aaron Jagdfeld
Chairman, President and Chief Executive Officer
◇—◇◇——◇◇
Norman Taffe
President Energy Technology
◇—◇◇◇—◇◇
York Ragen
Chief Financial Officer
◇—◇◇——◇◇
Erik Wilde
EVP, Industrial Americas
◇—◇◇◇—◇◇
Kyle Raabe
President Consumer Power
◇—◇◇◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Aaron Jagdfeld
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
Norman Taffe
President, Energy Technology
◇—◇◇◇—◇◇
York Ragen
Chief Financial Officer
◇—◇◇◇—◇◇
Erik Wilde
President, Domestic C&I
◇—◇◇◇—◇◇
Kyle Raabe
President, Consumer Power
◇—◇◇◇—◇— not reconciled
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Aaron Jagdfeld
Chairman, President and Chief Executive Officer
◇—◇◇◇—◇◇
York Ragen
Chief Financial Officer
◇—◇◇◇—◇◇
Norman Taffe
President, Generac Home
◇—◇◇◇—◇◇
Erik Wilde
President, Domestic C&I
◇—◇◇◇—◇◇
Raj Kanuru
Executive Vice President, General Counsel & 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
Aaron JagdfeldPSU◇◇◇—◇—◇
Aaron JagdfeldOPTION◇——◇—◇◇
Aaron JagdfeldRSU◇——◇——◇
Erik WildeOPTION◇——◇—◇◇
Erik WildePSU◇◇◇—◇—◇
Erik WildeRSU◇——◇——◇
Norman TaffePSU◇◇◇—◇—◇
Norman TaffeOPTION◇——◇—◇◇
Norman TaffeRSU◇——◇——◇
Raj KanuruRSU◇——◇——◇
Raj KanuruOPTION◇——◇—◇◇
Raj KanuruPSU◇◇◇—◇—◇
York RagenRSU◇——◇——◇
York RagenOPTION◇——◇—◇◇
York RagenPSU◇◇◇—◇—◇
Fiscal 2022, 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
Aaron JagdfeldOption◇—◇03/01/35
Option◇—◇03/01/34
Option◇—◇03/01/33
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/01/32
Norman TaffePSU◇◇——
RSU◇◇——
Option◇—◇03/01/35
PSU◇◇——
Option◇—◇03/01/34
Option◇—◇03/01/33
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
York RagenOption◇—◇03/01/35
Option◇—◇03/01/34
Option◇—◇03/01/33
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/01/32
Raj KanuruOption◇—◇03/01/35
Option◇—◇03/01/34
Option◇—◇03/01/33
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/01/32
Erik WildeOption◇—◇03/01/35
Option◇—◇03/01/34
Option◇—◇03/01/33
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/01/32
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.
Aaron Jagdfeld
Chairman, President and Chief Executive Officer · Employment agreement
Severance multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Bennett J. Morgan
—◇————◇
Andrew G. Lampereur
—◇————◇
Marcia J. Avedon
◇◇————◇
Robert D. Dixon
◇◇————◇
William D. Jenkins Jr
◇◇————◇
Dominick P. Zarcone
◇◇————◇
Kathryn V. Bohl
◇◇————◇
Nam T. Nguyen
◇◇————◇
David A. Ramon
◇◇————◇
John D. Bowlin
—◇————◇
Aaron P. Jagdfeld 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◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Fully vested shares of common stock (or Deferred Stock Units).
Stock ownership guideline: Non-employee directors have five years to meet their minimum ownership requirement. All non-employee directors are compliant with the applicable stock ownership guidelines.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A.O. Smith Corporation AOS
  • Acuity Brands, Inc. AYI
  • AMETEK, Inc. AME
  • Dover Corporation DOV
  • EnerSys ENS
  • Enphase Energy, Inc. ENPH
  • First Solar, Inc. FSLR
  • Hubbell Incorporated HUBB
  • IDEX Corporation IEX
  • Ingersoll Rand, Inc. IR
  • Lennox International, Inc. LII
  • Nordson Corporation NDSN
  • Regal Rexnord Corporation RRX
  • Resideo Technologies, Inc. REZI
  • Rockwell Automation, Inc. ROK
  • Skyworks Solutions, Inc. SWKS
  • Snap-on Incorporated SNA
  • SolarEdge Technologies, Inc. SEDG
  • Sunrun Inc. RUN
  • Xylem, Inc. XYL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 12, 2026=◇◇◇
2024June 13, 2025=◇◇◇
2023June 13, 2024=◇◇◇
2022June 15, 2023=◇◇◇
2021June 17, 2022=◇◇◇
2020June 21, 2021=◇◇◇
2019June 19, 2020=◇◇◇
2018June 14, 2019=◇◇◇
2017June 21, 2018=◇◇◇
2016June 15, 2017=◇◇◇
2015June 16, 2016=◇◇◇

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?”
- Aaron Jagdfeld (Chairman, President and Chief Executive Officer), FY2025 total compensation $8,809,765 (base salary $1,090,548) [exec_comp, SEC accession 0001104659-26-051499, filed 2026-04-29]

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What this page does not include

Everything above is a fact Generac Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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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.
355 figures on this page: 344 cited to the filing that reported them, 11 calculated from figures it prints.
344 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001437749-26-020488
    Proposal No. 3 — Advisory Vote on Executive Compensation For Against Abstain Broker Non-Votes
  2. 0001104659-26-051499
    2025 DIRECTOR COMPENSATION · 2025 Summary Compensation Table · Proxy severance section
  3. 0001437749-25-020324
    Proposal No. 3 — Advisory Vote on Executive Compensation Votes For Votes Against Abstentions Broker Non-Votes
  4. 0001104659-25-040848
    2024 Summary Compensation Table
  5. 0001437749-24-020477
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-053993
    2023 Summary Compensation Table
  7. 0001437749-23-017683
  8. 0001104659-23-052898
    2022 Summary Compensation Table
  9. 0001437749-22-015288
  10. 0001437749-21-015257
  11. 0001437749-20-013495
  12. 0001437749-19-012111
  13. 0001437749-18-012307
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001437749-17-011405
  15. 0001437749-16-034181
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Generac Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GNRC (accessed 2026).
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The Generac Holdings brief, $500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $500 for the board report; $900 for both.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Generac Holdings discloses

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

A.O. Smith CorporationAcuity Brands, Inc.AMETEK, Inc.Dover CorporationEnerSysEnphase Energy, Inc.First Solar, Inc.Hubbell IncorporatedIDEX CorporationIngersoll Rand, Inc.Lennox International, Inc.Nordson CorporationRegal Rexnord CorporationResideo Technologies, Inc.Rockwell Automation, Inc.Skyworks Solutions, Inc.Snap-on IncorporatedSolarEdge Technologies, Inc.Sunrun Inc.Xylem, 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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