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Ichor Holdings Executive Compensation (FY25)

ICHR · Fremont, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Phil Barros
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 14, 2026
9 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Ichor Holdings brief$1,500Get the executive brief
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308 figures on this page: 303 cited to the filing that reported them, 5 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 — Phil Barros: $1,997,060 → $4,605,287 (130.6% higher)
Say-on-pay support: 94.3% → 97.0% (2.7 points higher)
CEO pay ratio: 121:1 → 64:1 (47.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Ichor Holdings' chief executive and what were they paid?
Phil Barros was paid $4,605,287 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $1,997,060 reported for fiscal 2024, Barros' total was 130.6% higher.
What was Ichor Holdings' say-on-pay result?
The say-on-pay proposal drew 97.0% of votes cast for or against in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Ichor Holdings' peer group?
The disclosed peer group includes 3D Systems, Advanced Energy Industries, Alpha and Omega Semiconductor, Axcelis Technologies and Benchmark Electronics, among others.
What is Ichor Holdings' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 64:1, against median employee compensation of $53,347.

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
Jeffrey Andreson
Chief Executive Officer and Director
◇—◇—◇—◇◇
Paul Chhabra
former Chief Operating Officer
Departed during or after this year
◇—◇———◇◇
Larry Sparks
Chief Financial Officer
◇—◇—◇—◇◇
Phil Barros
Chief Technology Officer
◇—◇—◇—◇◇
Kevin Canty
former Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Christopher Smith
Chief Commercial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Andreson
Chief Executive Officer
◇—◇—◇—◇◇
Greg Swyt
Chief Financial Officer
◇—◇—◇—◇◇
Larry Sparks
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Bruce Ragsdale
Chief Operating Officer
◇—◇—◇—◇◇
Christopher Smith
Chief Commercial Officer
◇—◇—◇—◇◇
Phil Barros
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey Andreson
Chief Executive Officer
◇—◇—◇—◇◇
Bruce Ragsdale
Chief Operating Officer
◇—◇—◇—◇◇
Greg Swyt
Chief Financial Officer
◇—◇—◇—◇◇
Christopher Smith
Chief Commercial Officer
◇—◇—◇—◇◇
Phil Barros
Chief Technology Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phil Barros
Chief Executive Officer
◇—◇—◇—◇◇
Jeffrey Andreson
Former Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Bruce Ragsdale
Chief Operating Officer
◇—◇—◇—◇◇
Greg Swyt
Chief Financial Officer
◇—◇—◇—◇◇
Christopher Smith
Former Chief Commercial Officer
Departed during or after this year
◇—◇—◇—◇◇
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
Bruce RagsdaleRSU◇——◇——◇
Bruce RagsdalePSU◇◇◇—◇—◇
Christopher SmithPSU◇◇◇—◇—◇
Christopher SmithRSU◇——◇——◇
Greg SwytPSU◇◇◇—◇—◇
Greg SwytRSU◇——◇——◇
Jeffrey AndresonPSU◇◇◇—◇—◇
Jeffrey AndresonRSU◇——◇——◇
Phil BarrosRSU◇——◇——◇
Phil BarrosPSU◇◇◇—◇—◇
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
Jeffrey AndresonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Phil BarrosPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Greg SwytPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Bruce RagsdalePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Christopher SmithPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
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.
Bruce Ragsdale
Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Christopher Smith
Former Chief Commercial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Greg Swyt
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Jeffrey Andreson
Former Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Iain MacKenzie
Board chair
◇◇———◇◇
John Kispert
◇◇————◇
Jorge Titinger
◇◇————◇
Laura Black
◇◇————◇
Yuval Wasserman
◇◇————◇
Marc Haugen
◇◇————◇
Thomas Rohrs
◇◇————◇
Wendy Arienzo
◇◇————◇
Sarah O'Dowd
◇—————◇
Phil Barros and Jeffrey Andreson 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◇
Lead independent director 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
  • 3D Systems DDD
  • Advanced Energy Industries AEIS
  • Alpha and Omega Semiconductor AOSL
  • Axcelis Technologies ACLS
  • Benchmark Electronics BHE
  • Cohu COHU
  • Enpro NPO
  • FormFactor FORM
  • Kulicke and Soffa Industries KLIC
  • MACOM Technology Solutions MTSI
  • Onto Innovation ONTO
  • OSI Systems OSIS
  • Penguin Solutions, Inc. PENG
  • Photronics PLAB
  • Ultra Clean UCTT
  • Veeco Instruments VECO
  • Xperi XPER

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 24, 2022=◇◇◇

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?”
- Phil Barros (Chief Executive Officer), FY2025 total compensation $4,605,287 (base salary $497,785) [exec_comp, SEC accession 0001652535-26-000023, filed 2026-04-01]

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What this page does not include

Everything above is a fact Ichor Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Ichor Holdings 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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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.
308 figures on this page: 303 cited to the filing that reported them, 5 calculated from figures it prints.
303 cited to the filing
5 calculated from the filing

Documents cited

  1. 0001652535-26-000034
  2. 0001652535-26-000023
    2025 Summary Compensation Table · Chief Executive Officer Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  3. 0001652535-25-000023
  4. 0001652535-25-000004
    Compensation Discussion and Analysis · Summary Compensation Table
  5. 0001628280-24-023772
  6. 0001628280-24-014868
    Summary Compensation Table
  7. 0001628280-23-018992
  8. 0001628280-23-010567
    Summary Compensation Table
  9. 0001564590-22-021216
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Ichor Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ICHR (accessed 2026).
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9 filings cited on this page
Method: intel.velarion.ai/methodology
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Tech — Hardware rankings

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

Peers Ichor Holdings discloses

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

3D SystemsAdvanced Energy IndustriesAlpha and Omega SemiconductorAxcelis TechnologiesBenchmark ElectronicsCohuEnproFormFactorKulicke and Soffa IndustriesMACOM Technology SolutionsOnto InnovationOSI SystemsPenguin Solutions, Inc.PhotronicsUltra CleanVeeco InstrumentsXperi

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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