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Indie Semiconductor Executive Compensation (FY25)

INDI · Aliso Viejo, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 29, 2026
216 figures on this page: 213 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Donald McClymont was paid $3,704,970 in total compensation as Chief Executive Officer for fiscal 2025, and McClymont's total moved 19.6% higher from the $3,098,993 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 25.4:1, against median employee compensation of $145,881. The say-on-pay proposal drew 94.1% of votes cast for or against in favor at the meeting held May 28, 2026 for fiscal 2025. Companies named in the disclosed peer group include Aeva Technologies, Inc., Alpha and Omega Semiconductor Ltd., Ambarella, Inc., CEVA, Inc. and Credo Technology Group Holding Ltd., among others.
Chief executive, fiscal 2025
◇
Donald McClymont
Latest say-on-pay support
=
May 28, 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 — Donald McClymont: $3,098,993 → $3,704,970 (19.6% higher)
Say-on-pay support: 95.1% → 94.1% (1.0 points lower)
CEO pay ratio: 26:1 → 25.4:1 (2.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Indie Semiconductor's chief executive and what were they paid?
Donald McClymont was paid $3,704,970 in total compensation as Chief Executive Officer for fiscal 2025. McClymont's total moved 19.6% higher from the $3,098,993 reported for fiscal 2024.
What was Indie Semiconductor's say-on-pay result?
The say-on-pay proposal drew 94.1% of votes cast for or against in favor at the meeting held May 28, 2026 for fiscal 2025.
Which companies are in Indie Semiconductor's peer group?
Companies named in the disclosed peer group include Aeva Technologies, Inc., Alpha and Omega Semiconductor Ltd., Ambarella, Inc., CEVA, Inc. and Credo Technology Group Holding Ltd., among others.
What is Indie Semiconductor's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 25.4:1, against median employee compensation of $145,881.

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
Donald McClymont
Chief Executive Officer
◇—◇◇◇—◇◇
Steven Machuga
Chief Operating Officer
◇—◇◇◇—◇◇
Ichiro Aoki
President
◇—◇◇◇—◇◇
Thomas Schiller
Former Chief Financial Officer and Executive Vice President of Strategy
Departed during or after this year
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Donald McClymont
Chief Executive Officer
◇—◇———◇◇
Thomas Schiller
Chief Financial Officer and Executive Vice President of Strategy
◇—◇———◇◇
Steve Machuga
Chief Operating Officer
◇—◇———◇◇
Kanwardev Bal
Chief Accounting Officer
◇—◇———◇◇
Ichiro Aoki
President
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Donald McClymont
Chief Executive Officer
◇—◇———◇◇
Kanwardev Bal
Chief Financial Officer, Executive Vice President and Chief Accounting Officer
◇—◇———◇◇
Michael Wittmann
Chief Operating Officer
◇—◇———◇◇
Thomas Schiller
Former Chief Financial Officer and Executive Vice President of Strategy
Departed during or after this year
◇—◇———◇◇
Ichiro Aoki
President
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Donald McClymont
Chief Executive Officer
◇—◇—◇—◇◇
Naixi Wu
Chief Financial Officer, Chief Accounting Officer and Executive Vice President
◇—◇—◇—◇◇
Michael Wittmann
Chief Operating Officer
◇—◇—◇—◇◇
Kanwardev Bal
Former Chief Financial Officer, Chief Accounting Officer and Executive Vice President
Departed during or after this year
◇—————◇◇
Ichiro Aoki
President
◇—◇—◇—◇◇
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
Donald McClymontRSU◇——◇——◇
Donald McClymontPSU◇◇◇—◇—◇
Ichiro AokiRSU◇——◇——◇
Ichiro AokiPSU◇◇◇—◇—◇
Kanwardev Raja SinghRSU◇——◇——◇
Michael WittmannRSU◇——◇——◇
Michael WittmannRSU◇——◇——◇
Michael WittmannPSU◇◇◇—◇—◇
Naixi WuRSU◇——◇——◇
Naixi WuRSU◇——◇——◇
Naixi WuRSU◇——◇——◇
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
Ichiro AokiOption◇—◇1/3/2032
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michael WittmannRSU◇◇——
Naixi WuRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Donald McClymontRSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇1/3/2032
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
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
Diane Brink
◇◇————◇
David Aldrich
Board chair
◇◇————◇
Sonalee Parekh
◇◇————◇
Jeffrey Owens
◇◇————◇
Diane Biagianti
◇◇————◇
Karl-Thomas Neumann
◇◇————◇
Ichiro Aoki and Donald McClymont 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◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aeva Technologies, Inc. AEVA
  • Alpha and Omega Semiconductor Ltd. AOSL
  • Ambarella, Inc. AMBA
  • CEVA, Inc. CEVA
  • Credo Technology Group Holding Ltd. CRDO
  • Impinj, Inc. PI
  • Luminar Technologies, Inc. LAZR
  • MaxLinear, Inc. MXL
  • Navitas Semiconductor Corporation NVTS
  • Ouster, Inc. OUST
  • Power Integrations, Inc. POWI
  • Rambus Inc. RMBS
  • Silicon Laboratories, Inc. SLAB
  • SiTime Corporation SITM
  • SkyWater Technology, Inc. SKYT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024June 4, 2025=◇◇◇
2023June 13, 2024=◇◇◇

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 Indie Semiconductor disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Indie Semiconductor 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.
216 figures on this page: 213 cited to the filing that reported them, 3 calculated from figures it prints.
213 cited to the filing
3 calculated from the filing

Documents cited

  1. 0001193125-26-248380
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-161644
    CEO Pay Ratio · DIRECTOR COMPENSATION · GRANTS OF PLAN-BASED AWARDS · Grants of Plan-Based Awards · and 2 more sections
  3. 0001628280-25-030009
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-25-018658
    Summary Compensation Table
  5. 0001628280-24-028293
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001628280-24-018185
    Summary Compensation Table
  7. 0001628280-23-016166
    Summary Compensation Table
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Velarion, “Indie Semiconductor executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/INDI (accessed 2026).
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Tech — Hardware rankings

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

Peers Indie Semiconductor discloses

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

Alpha and Omega Semiconductor Ltd.Ambarella, Inc.CEVA, Inc.Credo Technology Group Holding Ltd.Impinj, Inc.MaxLinear, Inc.Power Integrations, Inc.Rambus Inc.Silicon Laboratories, Inc.SiTime CorporationSkyWater Technology, 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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