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Harmonic Executive Compensation (FY25)

HLIT · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
282 figures on this page: 271 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Nimrod Ben-Natan, President and Chief Executive Officer, received $6,163,092 in total compensation for fiscal 2025, and Ben-Natan's total moved 26.9% lower from the $8,431,528 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 56:1, against median employee compensation of $109,991. The say-on-pay proposal drew 97.0% of votes cast including abstentions in favor at the meeting held June 4, 2026 for fiscal 2025. The disclosed peer group names A10 Networks, Inc., ADTRAN Holdings, Inc., Alpha and Omega Semiconductor Limited, Calix, Inc. and Cohu, Inc., among others.
Chief executive, fiscal 2025
◇
Nimrod Ben-Natan
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
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 — Nimrod Ben-Natan: $8,431,528 → $6,163,092 (26.9% lower)
Say-on-pay support: 95.2% → 97.0% (1.8 points higher)
CEO pay ratio: 85:1 → 56:1 (34.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Harmonic's chief executive and what were they paid?
Nimrod Ben-Natan, President and Chief Executive Officer, received $6,163,092 in total compensation for fiscal 2025. Ben-Natan's total moved 26.9% lower from the $8,431,528 reported for fiscal 2024.
What was Harmonic's say-on-pay result?
The say-on-pay proposal drew 97.0% of votes cast including abstentions in favor at the meeting held June 4, 2026 for fiscal 2025.
Which companies are in Harmonic's peer group?
The disclosed peer group names A10 Networks, Inc., ADTRAN Holdings, Inc., Alpha and Omega Semiconductor Limited, Calix, Inc. and Cohu, Inc., among others.
What is Harmonic's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 56:1, against median employee compensation of $109,991.

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
Patrick J. Harshman
President and Chief Executive Officer
◇—◇—◇—◇◇
Sanjay Kalra
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Neven Haltmayer
Senior Vice President, Video R&D
◇—◇—◇—◇◇
Nimrod Ben-Natan
Senior Vice President and General Manager, Broadband Business
◇—◇—◇—◇◇
Ian Graham
Senior Vice President, Global Sales and Video Services
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick J. Harshman
President and Chief Executive Officer
◇—◇—◇—◇◇
Walter Jankovic
Chief Financial Officer
◇—◇—◇—◇◇
Nimrod Ben-Natan
Senior Vice President and General Manager, Broadband Business
◇—◇—◇—◇◇
Neven Haltmayer
Senior Vice President, Video R&D
◇—◇—◇—◇◇
Ian Graham
Senior Vice President, Global Sales
◇—◇—◇—◇◇
Jeremy Rosenberg
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
Sanjay Kalra
Former Chief Financial Officer
Departed during or after this year
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nimrod Ben-Natan
President and Chief Executive Officer
◇—◇—◇—◇◇
Patrick J. Harshman
Former President and Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Walter Jankovic
Chief Financial Officer
◇—◇—◇—◇◇
Neven Haltmayer
Senior Vice President and General Manager, Video Business
◇—◇—◇—◇◇
Timothy Chu
General Counsel, SVP Human Resources and Corporate Secretary
◇—◇—◇—◇◇
Ian Graham
Former Senior Vice President, Global Sales
Departed during or after this year
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nimrod Ben-Natan
President and Chief Executive Officer
◇—◇—◇—◇◇
Walter Jankovic
Chief Financial Officer
◇—◇—◇—◇◇
Neven Haltmayer
Senior Vice President and General Manager, Video Business
◇—◇—◇—◇◇
Timothy Chu
General Counsel, SVP Human Resources and Corporate 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
Neven HaltmayerRSU◇——◇——◇
Neven HaltmayerPSU◇◇◇—◇—◇
Neven HaltmayerPSU◇◇◇—◇—◇
Nimrod Ben-NatanRSU◇——◇——◇
Nimrod Ben-NatanPSU◇◇◇—◇—◇
Nimrod Ben-NatanPSU◇◇◇—◇—◇
Timothy ChuPSU◇◇◇—◇—◇
Timothy ChuRSU◇——◇——◇
Timothy ChuPSU◇◇◇—◇—◇
Walter JankovicPSU◇◇◇—◇—◇
Walter JankovicPSU◇◇◇—◇—◇
Walter JankovicRSU◇——◇——◇
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
Walter JankovicRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Timothy ChuRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Neven HaltmayerRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Nimrod Ben-NatanPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
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
Patrick Gallagher
Board chair
◇◇————◇
Deborah L. Clifford
◇◇————◇
David Krall
◇◇————◇
Neel Dev
◇◇————◇
Stephanie Copeland
◇◇————◇
Dan Whalen
◇◇————◇
Dana Crandall
◇◇————◇
Nimrod Ben-Natan 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.
Stock ownership guideline: 5x annual cash retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • A10 Networks, Inc. ATEN
  • ADTRAN Holdings, Inc. ADTN
  • Alpha and Omega Semiconductor Limited AOSL
  • Calix, Inc. CALX
  • Cohu, Inc. COHU
  • Digi International Inc. DGII
  • Extreme Networks, Inc. EXTR
  • Five9, Inc. FIVN
  • Gogo Inc. GOGO
  • InterDigital, Inc. IDCC
  • Lumentum Holdings Inc. LITE
  • MaxLinear, Inc. MXL
  • N-able, Inc. NABL
  • NetScout Systems, Inc. NTCT
  • Progress Software Corporation PRGS
  • Rambus Inc. RMBS
  • Ribbon Communications Inc. RBBN
  • Viavi Solutions Inc. VIAV
  • Xperi Inc. XPER
  • Yext, Inc. YEXT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 11, 2024=◇◇◇
2022June 23, 2023=◇◇◇
2021June 9, 2022=◇◇◇
2020June 8, 2021=◇◇◇
2019June 10, 2020=◇◇◇
2018June 5, 2019=◇◇◇
2017June 8, 2018=◇◇◇
2016June 13, 2017=◇◇◇
2015June 9, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Harmonic disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Harmonic 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.
Board Governance Report — $1,200
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.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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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.
282 figures on this page: 271 cited to the filing that reported them, 11 calculated from figures it prints.
271 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-259564
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-016701
    2025 Director Compensation · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0000851310-25-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-016640
    Summary Compensation Table
  5. 0000851310-24-000061
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-023022
    Summary Compensation Table
  7. 0000851310-23-000059
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001140361-23-021538
    Summary Compensation Table
  9. 0000851310-22-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000851310-21-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000851310-20-000010
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000851310-19-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000851310-18-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000851310-17-000041
  15. 0001193125-16-619064
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Harmonic executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HLIT (accessed 2026).
Short form: data: Velarion
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Tech — Hardware rankings

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

Peers Harmonic discloses

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

ADTRAN Holdings, Inc.Alpha and Omega Semiconductor LimitedCohu, Inc.Five9, Inc.Lumentum Holdings Inc.MaxLinear, Inc.N-able, Inc.NetScout Systems, Inc.Progress Software CorporationRambus Inc.Viavi Solutions Inc.Yext, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
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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