V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

Materion Executive Compensation (FY25)

MTRN · Mayfield Hts., OH · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Materion

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 7, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Materion brief$1,500Get the executive brief
227 figures on this page: 217 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Jugal Vijayvargiya
Latest say-on-pay support
=
May 7, 2026

More on Materion

Five data products on this company. Each one is requested through the developer setup page.
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 — Jugal Vijayvargiya: $5,858,482 → $4,794,902 (18.2% lower)
Say-on-pay support: 95.2% → 95.6% (0.4 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Materion's chief executive and what were they paid?
Total compensation for Jugal Vijayvargiya, President and Chief Executive Officer, came to $4,794,902 in fiscal 2025. Compared with the $5,858,482 reported for fiscal 2024, Vijayvargiya's total was 18.2% lower.
What was Materion's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.6% of votes cast for or against in favor at the meeting held May 7, 2026.
Which companies are in Materion's peer group?
Companies named in the disclosed peer group include Advanced Energy Industries, Inc., Carpenter Technology Corp., CTS Corporation, Element Solutions Inc. and Fabrinet, among others.

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
Jugal K. Vijayvargiya
President and Chief Executive Officer
◇—◇◇◇—◇◇
Shelly M. Chadwick
Vice President, Finance and Chief Financial Officer
◇—◇◇◇—◇◇
Gregory R. Chemnitz
Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jugal K. Vijayvargiya
President and Chief Executive Officer
◇—◇◇◇—◇◇
Shelly M. Chadwick
Vice President, Finance and Chief Financial Officer
◇—◇◇◇—◇◇
Gregory R. Chemnitz
Vice President, General Counsel and Secretary
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jugal K. Vijayvargiya
President and Chief Executive Officer
◇—◇◇◇—◇◇
Shelly M. Chadwick
Vice President, Finance and Chief Financial Officer
◇—◇◇◇—◇◇
Gregory R. Chemnitz
Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jugal Vijayvargiya
President and Chief Executive Officer
◇—◇◇——◇◇
Shelly Chadwick
Vice President, Finance and Chief Financial Officer
◇—◇◇——◇◇
Gregory Chemnitz
Vice President, General Counsel and 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
Gregory R. ChemnitzPSU◇—◇———◇
Gregory R. ChemnitzOptions/SARs◇——◇——◇
Gregory R. ChemnitzPSU◇◇◇—◇—◇
Jugal K. VijayvargiyaOptions/SARs◇——◇——◇
Jugal K. VijayvargiyaPSU◇—◇———◇
Shelly M. ChadwickPSU◇—◇———◇
Shelly M. ChadwickRSU◇——◇——◇
Shelly M. ChadwickPSU◇◇◇—◇—◇
Shelly M. ChadwickPSU◇—◇———◇
Shelly M. ChadwickRSU◇——◇——◇
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
Gregory ChemnitzRSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Shelly ChadwickRSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Jugal VijayvargiyaOption◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
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.
Gregory Chemnitz
General Counsel · Severance agreement
Equity acceleration on change in control◇
Non-compete period◇
Jugal Vijayvargiya
Chief Executive Officer · Severance agreement
Equity acceleration on change in control◇
Non-compete period◇
Shelly Chadwick
Chief Financial Officer · Severance agreement
Equity acceleration on change in control◇
Non-compete period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vinod M. Khilnani
Board chair
◇◇————◇
Robert J. Phillippy
◇◇————◇
Craig S. Shular
◇◇————◇
Robert B. Toth
◇◇————◇
N. Mohan Reddy
◇◇————◇
Emily M. Liggett
◇◇————◇
Patrick Prevost
◇◇————◇
Darlene J. S. Solomon
◇◇————◇
Thomas T. Edman 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◇
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: 4x 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
  • Advanced Energy Industries, Inc. AEIS
  • Carpenter Technology Corp. CRS
  • CTS Corporation CTS
  • Element Solutions Inc. ESI
  • Fabrinet FN
  • Hexcel Corporation HXL
  • Innospec Inc. IOSP
  • Kennametal Inc. KMT
  • Knowles Corporation KN
  • Methode Electronics Inc. MEI
  • Minerals Technologies Inc. MTX
  • OSI Systems, Inc. OSIS
  • Penguin Solutions PENG
  • Quaker Chemical Corporation KWR
  • Rogers Corporation ROG
  • Sensient Technologies SXT
  • Standex International Corp. SXI
  • Viavi Solutions VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 13, 2020=◇◇◇
2018May 8, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 3, 2017=◇◇◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Materion files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Materion disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Materion 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.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Materion's disclosed peer group is defensible, who names Materion back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
227 figures on this page: 217 cited to the filing that reported them, 10 calculated from figures it prints.
217 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001104657-26-000031
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104657-26-000022
    2025 Compensation of Non-Employee Directors · 2025 SUMMARY COMPENSATION TABLE · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  3. 0001104657-25-000071
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104657-25-000045
    2024 SUMMARY COMPENSATION TABLE
  5. 0001104657-24-000072
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104657-24-000044
    2023 SUMMARY COMPENSATION TABLE
  7. 0001104657-23-000080
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001104657-23-000051
    Summary Compensation Table
  9. 0001104657-22-000076
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001104657-21-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104657-20-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001104657-19-000051
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001104657-18-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001104657-17-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000950152-08-005937
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Materion executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MTRN (accessed 2026).
Short form: data: Velarion

The paid brief for Materion

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 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
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Materion and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers Materion discloses

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

Advanced Energy Industries, Inc.Carpenter Technology Corp.CTS CorporationElement Solutions Inc.FabrinetHexcel CorporationInnospec Inc.Kennametal Inc.Knowles CorporationMethode Electronics Inc.Minerals Technologies Inc.OSI Systems, Inc.Penguin SolutionsQuaker Chemical CorporationRogers CorporationStandex International Corp.Viavi Solutions

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}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy