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Infinera Executive Compensation (FY23)

INFN · Executive and director compensation, fiscal 2022 to 2023

The paid brief on Infinera

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 19, 2026Latest filing (8-K): June 12, 2024
10 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Infinera brief$1,500Get the executive brief
192 figures on this page: 183 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Chief executive, fiscal 2023
◇
David Heard
Latest say-on-pay support
=
June 12, 2024
Chief executive pay ratio
◇
To the median employee

More on Infinera

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2022 to fiscal 2023
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Heard: $6,260,700 → $6,663,648 (6.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Infinera's chief executive and what were they paid?
David Heard was paid $6,663,648 in total compensation as Chief Executive Officer for fiscal 2023. Heard's total moved 6.4% higher from the $6,260,700 reported for fiscal 2022.
What was Infinera's say-on-pay result?
The say-on-pay proposal drew 97.4% of votes cast for or against in favor at the meeting held June 12, 2024 for fiscal 2023.
Which companies are in Infinera's peer group?
Companies named in the disclosed peer group include ADTRAN Holdings, Inc., Advanced Energy Industries, Inc., Calix, Inc., Ciena Corporation and Cirrus Logic, Inc., among others.
What is Infinera's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2023 is 49:1, against median employee compensation of $134,941.

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
David Heard
Chief Executive Officer
◇—◇—◇—◇◇
Nancy Erba
Chief Financial Officer
◇—◇—◇—◇◇
Nicholas Walden
Senior Vice President, Worldwide Sales
◇—◇—◇—◇◇
David Teichmann
Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Heard
Chief Executive Officer
◇—◇—◇—◇◇
Nancy Erba
Chief Financial Officer
◇—◇—◇—◇◇
Nicholas Walden
Senior Vice President, Worldwide Sales
◇—◇—◇—◇◇
David Teichmann
Chief Legal Officer 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 2023
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David L. TeichmannPSU◇— withheld◇◇◇—◇
David W. HeardPSU◇— withheld◇◇◇—◇
Nancy L. ErbaPSU◇— withheld◇◇◇—◇
Nicholas R. WaldenPSU◇— withheld◇◇◇—◇
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 2023 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
David HeardPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Nancy ErbaRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Nicholas WaldenPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
David TeichmannRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
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.
David Heard
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance cash amount◇
David Teichmann
Chief Legal Officer and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Nancy Erba
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Nicholas Walden
Senior Vice President, Worldwide Sales · Terms as described in the company’s compensation discussion · citing a 2024 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2023
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David F. Welch, Ph.D
—◇———◇◇
George A. Riedel
Board chair
◇◇————◇
Paul J. Milbury
◇◇————◇
Roop K. Lakkaraju
◇◇————◇
Sharon E. Holt
◇◇————◇
Gregory P. Dougherty
◇◇————◇
Christine B. Bucklin
◇◇————◇
David W. Heard and Amy H. Rice served on the board in fiscal 2023 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
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 2023
  • ADTRAN Holdings, Inc. ADTN
  • Advanced Energy Industries, Inc. AEIS
  • Calix, Inc. CALX
  • Ciena Corporation CIEN
  • Cirrus Logic, Inc. CRUS
  • Diodes Incorporated DIOD
  • Extreme Networks, Inc. EXTR
  • Lumentum Holdings Inc. LITE
  • MaxLinear, Inc. MXL
  • NETGEAR, Inc. NTGR
  • NetScout Systems, Inc. NTCT
  • OSI Systems, Inc. OSIS
  • Ribbon Communications Inc. RBBN
  • Synaptics Incorporated SYNA
  • ViaSat, Inc. VSAT
  • Viavi Solutions Inc. VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2023June 12, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020May 21, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 12, 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 Infinera disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Infinera 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.
192 figures on this page: 183 cited to the filing that reported them, 9 calculated from figures it prints.
183 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001138639-24-000174
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001138639-24-000128
    2023 CEO Pay Ratio · Compensation Discussion and Analysis · EXECUTIVE COMPENSATION TABLES · Executive Compensation Tables
  3. 0001138639-23-000094
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001138639-22-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001138639-21-000089
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001138639-20-000074
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001138639-19-000055
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001138639-18-000069
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001138639-17-000040
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001138639-16-000023
    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, “Infinera executive compensation, FY2022–FY2023.” https://intel.velarion.ai/comp/INFN (accessed 2026).
Short form: data: Velarion

The paid brief for Infinera

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 $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
10 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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Peers Infinera discloses

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

ADTRAN Holdings, Inc.Advanced Energy Industries, Inc.Calix, Inc.Ciena CorporationCirrus Logic, Inc.Diodes IncorporatedExtreme Networks, Inc.Lumentum Holdings Inc.MaxLinear, Inc.NETGEAR, Inc.NetScout Systems, Inc.OSI Systems, Inc.Ribbon Communications Inc.Synaptics IncorporatedViaSat, Inc.Viavi Solutions 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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