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NETGEAR Executive Compensation (FY25)

NTGR · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 2, 2026
235 figures on this page: 226 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Charles Prober was paid $10,555,676 in total compensation as Chairman and Chief Executive Officer for fiscal 2025, and Prober's total moved 40.5% lower from the $17,753,288 reported for fiscal 2024. The company reported a chief executive pay ratio of 98:1 for fiscal 2025, against median employee compensation of $107,241. For fiscal 2025, shareholders backed the say-on-pay proposal with 97.8% of votes cast including abstentions in favor at the meeting held May 28, 2026. The disclosed peer group names ADTRAN, Inc., Arlo Technologies, Inc., Aviat Networks, Inc., Calix, Inc. and Comtech Telecommunications Corp., among others.
Chief executive, fiscal 2025
◇
Charles Prober
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 — Charles Prober: $17,753,288 → $10,555,676 (40.5% lower)
Say-on-pay support: 69.3% → 97.8% (28.5 points higher)
CEO pay ratio: 156:1 → 98:1 (37.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is NETGEAR's chief executive and what were they paid?
Charles Prober was paid $10,555,676 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Prober's total moved 40.5% lower from the $17,753,288 reported for fiscal 2024.
What was NETGEAR's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.8% of votes cast including abstentions in favor at the meeting held May 28, 2026.
Which companies are in NETGEAR's peer group?
The disclosed peer group names ADTRAN, Inc., Arlo Technologies, Inc., Aviat Networks, Inc., Calix, Inc. and Comtech Telecommunications Corp., among others.
What is NETGEAR's chief executive pay ratio?
The company reported a chief executive pay ratio of 98:1 for fiscal 2025, against median employee compensation of $107,241.

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
Patrick Lo
Chairman and Chief Executive Officer
◇—◇———◇◇
Bryan Murray
Chief Financial Officer
◇—◇———◇◇
Michael Werdann
Chief Revenue Officer
◇—◇—◇—◇◇
Michael Falcon
Chief Operations Officer
◇—◇———◇◇
David Henry
President and General Manager of Connected Home Products and Services
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Lo
Former Chairman and Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Michael Werdann
Chief Revenue Officer
◇—◇—◇—◇◇
Bryan Murray
Chief Financial Officer
◇—◇———◇◇
David Henry
President and General Manager of Connected Home Products and Services
◇—◇—◇—◇◇
Vikram Mehta
Former Senior Vice President of NETGEAR for Business Products and Services
Departed during or after this year
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Prober
Chairman and Chief Executive Officer
◇◇◇———◇◇
Pramod Badjate
President and General Manager, NETGEAR for Business
◇◇◇———◇◇
Patrick Lo
Former Chairman and Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Michael Werdann
Former Chief Revenue Officer
Departed during or after this year
◇—◇—◇—◇◇
David Henry
Former President and General Manager, Connected Home
Departed during or after this year
◇—◇—◇—◇◇
Bryan Murray
Chief Financial Officer
◇—◇—◇—◇◇
Michael Falcon
Former Chief Operations Officer
Departed during or after this year
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Charles Prober
Chairman and Chief Executive Officer
◇—◇—◇—◇◇
Jonathan Oakes
Senior Vice President, Home Networking
◇—◇—◇—◇◇
Bryan Murray
Chief Financial Officer
◇◇◇—◇—◇◇
Pramod Badjate
President and General Manager, NETGEAR For Business
◇—◇—◇—◇◇
Graeme McLindin
Former Vice President of Mobile
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
Bryan D. MurrayPSU◇◇◇—◇—◇
Bryan D. MurrayRSU◇——◇——◇
Charles ProberPSU◇◇◇—◇—◇
Charles ProberRSU◇——◇——◇
Fiscal 2022, 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
Graeme McLindinPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Bryan MurrayRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Pramod BadjateRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Charles ProberRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Jonathan OakesRSU◇◇——
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
Janice M. Roberts
Board chair
◇◇————◇
Laura J. Durr
◇◇————◇
Bradley L. Maiorino
◇◇————◇
Shravan K. Goli
◇◇————◇
Sarah S. Butterfass
◇◇————◇
Laura C. Orvidas
◇◇————◇
Thomas H. Waechter
◇—————◇
Charles (CJ) Prober 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◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • ADTRAN, Inc. ADTN
  • Arlo Technologies, Inc. ARLO
  • Aviat Networks, Inc. AVNW
  • Calix, Inc. CALX
  • Comtech Telecommunications Corp. CMTL
  • Corsair Gaming, Inc. CRSR
  • Digi International Inc. DGII
  • Extreme Networks, Inc. EXTR
  • GoPro, Inc. GPRO
  • Harmonic Inc. HLIT
  • Infinera Corp. INFN
  • Logitech International S.A. LOGI
  • NetScout Systems, Inc. NTCT
  • OSI Systems, Inc. OSIS
  • Ribbon Communications Inc. RBBN
  • Sonos, Inc. SONO
  • Viavi Solutions Inc. VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 28, 2026=◇◇◇
2024May 29, 2025=◇◇◇
2023May 30, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021June 2, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 28, 2020=◇◇◇
2018May 30, 2019=◇◇◇
2017May 31, 2018=◇◇◇

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 NETGEAR disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where NETGEAR 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.
235 figures on this page: 226 cited to the filing that reported them, 9 calculated from figures it prints.
226 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-253493
  2. 0001193125-26-159312
    CEO Pay Ratio · Compensation Table · Director Compensation · Grants of Plan-Based Awards in Fiscal Year 202 · and 2 more sections
  3. 0000950170-25-079709
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000950170-25-055906
    Compensation Table
  5. 0000950170-24-068644
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-24-100773
    Summary Compensation Table
  7. 0000950170-23-026442
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-108324
    Summary Compensation Table
  9. 0001564590-22-022581
  10. 0001564590-21-031164
  11. 0001564590-20-028073
  12. 0001122904-19-000130
  13. 0001122904-18-000153
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This page is free to cite. Attribution we ask for:
Velarion, “NETGEAR executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NTGR (accessed 2026).
Short form: data: Velarion
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Tech — Hardware rankings

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

Peers NETGEAR discloses

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

ADTRAN, Inc.Corsair Gaming, Inc.Harmonic Inc.Logitech International S.A.NetScout Systems, Inc.OSI Systems, Inc.Viavi Solutions 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}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy