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MedTech & Diagnostics

Merit Medical Systems Executive Compensation (FY25)

MMSI · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 19, 2026
261 figures on this page: 250 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
The disclosed peer group names CONMED Corporation, Globus Medical, Inc., Haemonetics Corporation, ICU Medical, Inc. and Inspire Medical Systems, among others, and the company reported 6 named executive officers for fiscal 2025. Total compensation for Martha Aronson, President and Chief Executive Officer, came to $6,728,320 in fiscal 2025, while the company reported a chief executive pay ratio of 184:1 for fiscal 2025, against median employee compensation of $40,694. Separately, for fiscal 2025, shareholders backed the say-on-pay proposal with 97.2% of votes cast for or against in favor at the meeting held May 13, 2026.
Chief executive, fiscal 2025
◇
Martha Aronson
Median of the other named officers
$4,440,299
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 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.
CEO pay ratio: 290:1 → 184:1 (36.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Merit Medical Systems' chief executive and what were they paid?
Total compensation for Martha Aronson, President and Chief Executive Officer, came to $6,728,320 in fiscal 2025.
What was Merit Medical Systems' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.2% of votes cast for or against in favor at the meeting held May 13, 2026.
Which companies are in Merit Medical Systems' peer group?
The disclosed peer group names CONMED Corporation, Globus Medical, Inc., Haemonetics Corporation, ICU Medical, Inc. and Inspire Medical Systems, among others.
What is Merit Medical Systems' chief executive pay ratio?
The company reported a chief executive pay ratio of 184:1 for fiscal 2025, against median employee compensation of $40,694.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Fred Lampropoulos
Former Chair of the Board, CEO and President
◇—◇◇◇—◇◇
Raul Parra
Chief Financial Officer and Treasurer
◇—◇◇◇—◇◇
Neil Peterson
Chief Operating Officer
◇—◇◇◇—◇◇
Brian Lloyd
Chief Legal Officer, Corporate Secretary
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Fred Lampropoulos
Former Chair of the Board, CEO and President
◇—◇—◇—◇◇
Raul Parra
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Neil Peterson
Chief Operating Officer
◇—◇—◇—◇◇
Brian Lloyd
Chief Legal Officer, Corporate Secretary
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Fred Lampropoulos
Former Chair of the Board, CEO and President
Departed during or after this year
◇—◇—◇—◇◇
Martha Aronson
President and Chief Executive Officer
◇◇◇————◇
Raul Parra
Chief Financial Officer and Treasurer
◇—◇—◇—◇◇
Brian Lloyd
Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Neil Peterson
Chief Operating Officer
◇—◇—◇—◇◇
Michel Voigt
Chief Human Resources Officer
◇—◇—◇—◇◇
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
Brian G. LloydPSU◇◇◇◇◇—◇
Fred P. LampropoulosPSU◇◇◇◇◇—◇
Martha G. AronsonPSU◇◇◇◇◇—◇
Michel J. VoigtPSU◇◇◇◇◇—◇
Neil W. PetersonPSU◇◇◇◇◇—◇
Raul ParraPSU◇◇◇◇◇—◇
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
Martha AronsonPSU◇◇——
PSU◇◇——
Fred LampropoulosOption◇—◇2/28/2030
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/28/2029
Neil PetersonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/28/2030
Raul ParraPSU◇◇——
PSU◇◇——
Option◇—◇2/28/2029
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/28/2030
Michel VoigtOption◇—◇2/28/2030
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/28/2029
PSU◇◇——
PSU◇◇——
Brian LloydOption◇—◇2/28/2029
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇2/28/2030
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
F. Ann Millner, Ed.D
Lead independent director
◇◇————◇
Lynne N. Ward
◇◇————◇
Lonny J. Carpenter
◇◇————◇
Thomas J. Gunderson
◇◇————◇
David K. Floyd
◇◇————◇
Stephen C. Evans
◇◇————◇
Michael R. McDonnell
◇◇————◇
Laura S. Kaiser
◇◇————◇
Silvia M. Perez
◇◇————◇
Martha G. Aronson, Fred P. Lampropoulos and Scott R. Ward 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.
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◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • CONMED Corporation CNMD
  • Globus Medical, Inc. GMED
  • Haemonetics Corporation HAE
  • ICU Medical, Inc. ICUI
  • Inspire Medical Systems INSP
  • Insulet Corporation PODD
  • Integer Holdings Corporation ITGR
  • Integra LifeSciences Holdings Corporation IART
  • iRhythm Holdings, Inc. IRTC
  • Lantheus Holdings, Inc. LNTH
  • LivaNova Plc LIVN
  • Masimo Corporation MASI
  • Orthofix Medical, Inc. OFIX
  • Penumbra, Inc. PEN
  • QuidelOrtho Corporation QDEL
  • Teleflex Incorporated TFX

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 18, 2023=◇◇◇
2021May 19, 2022=◇◇◇
2020June 17, 2021=◇◇◇
2019June 22, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 24, 2017=◇◇◇
2015May 26, 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 Merit Medical Systems disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Merit Medical Systems 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.
261 figures on this page: 250 cited to the filing that reported them, 11 calculated from figures it prints.
250 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000856982-26-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  2. 0000856982-26-000013
    CEO Pay Ratio · Director Compensation · EXECUTIVE COMPENSATION TABLES EXECUTIVE COMPENSATION TABLES · Outstanding Equity Awards at Year End · and 1 more section
  3. 0000856982-25-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  4. 0000856982-25-000017
    Summary Compensation Table
  5. 0000856982-24-000050
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000856982-24-000020
    Summary Compensation Table
  7. 0000856982-23-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000856982-22-000032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000856982-21-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000856982-20-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000856982-19-000072
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000856982-18-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000856982-17-000022
  14. 0000856982-16-000090
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Merit Medical Systems executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MMSI (accessed 2026).
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MedTech & Diagnostics rankings

Chief executive pay — MedTech & DiagnosticsCEO pay ratio — MedTech & DiagnosticsSay-on-pay support — MedTech & Diagnostics

Peers Merit Medical Systems discloses

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

CONMED CorporationGlobus Medical, Inc.Haemonetics CorporationICU Medical, Inc.Inspire Medical SystemsInsulet CorporationInteger Holdings CorporationIntegra LifeSciences Holdings CorporationiRhythm Holdings, Inc.LivaNova PlcMasimo CorporationOrthofix Medical, Inc.Penumbra, Inc.Teleflex Incorporated

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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