Tech — Hardware

NETGEAR Executive Compensation (FY25)

Name: NETGEAR (NTGR) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

NTGR · San Jose, CA · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Charles Prober

Latest say-on-pay support

May 28, 2026

Chief executive pay ratio

◇

To the median employee

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Data as of October 19, 2026Latest filing (8-K): June 2, 2026

13 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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279 figures on this page: 263 cited to the filing that reported them, 16 calculated from figures it prints. See the citations

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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Bryan D. Murray	PSU	◇	◇	◇	—	◇	—	◇
Bryan D. Murray	RSU	◇	—	—	◇	—	—	◇
Charles Prober	RSU	◇	—	—	◇	—	—	◇
Charles Prober	PSU	◇	◇	◇	—	◇	—	◇
Graeme McLindin	RSU	◇	—	—	◇	—	—	◇
Graeme McLindin	PSU	◇	◇	◇	—	◇	—	◇
Jonathan Oakes	RSU	◇	—	—	◇	—	—	◇
Jonathan Oakes	PSU	◇	◇	◇	—	◇	—	◇
Pramod Badjate	RSU	◇	—	—	◇	—	—	◇
Pramod Badjate	PSU	◇	◇	◇	—	◇	—	◇

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

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Pramod Badjate	PSU	◇	=	—	—
	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Charles Prober	PSU	◇	◇	—	—
	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	PSU	—	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
Jonathan Oakes	PSU	◇	=	—	—
	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Bryan Murray	RSU	◇	◇	—	—
	PSU	◇	=	—	—
	RSU	◇	◇	—	—
	PSU	◇	=	—	—
	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Graeme McLindin	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	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.

Pramod Badjate

President and General Manager, NETGEAR For Business · Employment agreement · dated July 12, 2024

Equity acceleration on change in control	◇
Clawback	◇

Charles Prober

Chairman and Chief Executive Officer · Offer letter

Severance multiple	◇
Change-in-control multiple	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
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	◇
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 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.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 28, 2026	=	◇	◇	◇
2024	May 29, 2025	=	◇	◇	◇
2023	May 30, 2024	=	◇	◇	◇
2022	June 1, 2023	=	◇	◇	◇
2021	June 2, 2022	=	◇	◇	◇
2020	May 27, 2021	=	◇	◇	◇
2019	May 28, 2020	=	◇	◇	◇
2018	May 30, 2019	=	◇	◇	◇
2017	May 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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Sample answer — “What is the CEO’s total compensation?”

- Charles Prober (Chairman and Chief Executive Officer), FY2025 total compensation $10,555,676 (base salary $767,740) [exec_comp, SEC accession 0001193125-26-159312, filed 2026-04-16]

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.

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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.

279 figures on this page: 263 cited to the filing that reported them, 16 calculated from figures it prints.

263 cited to the filing

16 calculated from the filing

Documents cited

8-K, filed June 2, 2026
0001193125-26-253493
DEF 14A, filed April 16, 2026
0001193125-26-159312
CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards in Fiscal Year 202 · Outstanding Equity Awards at 2025 Fiscal Year-End · and 2 more sections
8-K, filed May 30, 2025
0000950170-25-079709
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 18, 2025
0000950170-25-055906
Compensation Table · EX-10.22
8-K, filed June 4, 2024
0000950170-24-068644
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 18, 2024
0001193125-24-100773
Summary Compensation Table
8-K, filed June 5, 2023
0000950170-23-026442
Item 5.07 Submission of Matters to a Vote of Security Holders
DEF 14A, filed April 20, 2023
0001193125-23-108324
Summary Compensation Table
8-K, filed June 6, 2022
0001564590-22-022581
8-K, filed June 1, 2021
0001564590-21-031164
8-K, filed June 2, 2020
0001564590-20-028073
8-K, filed May 31, 2019
0001122904-19-000130
8-K, filed June 4, 2018
0001122904-18-000153

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Velarion, “NETGEAR executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NTGR (accessed 2026).

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The paid brief for NETGEAR

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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13 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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Tech — Hardware rankings

Chief executive pay — Tech — Hardware CEO pay ratio — Tech — Hardware Say-on-pay support — Tech — Hardware

Peers NETGEAR discloses

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

ADTRAN, Inc.Arlo Technologies, Inc.Aviat Networks, Inc.Calix, Inc.Comtech Telecommunications Corp.Corsair Gaming, Inc.Digi International Inc.Extreme Networks, Inc.GoPro, Inc.Harmonic Inc.Infinera Corp.Logitech International S.A.NetScout Systems, Inc.OSI Systems, Inc.Ribbon Communications Inc.Sonos, Inc.Viavi Solutions Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All 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}
}

More on NETGEAR

Frequently asked questions

Executive compensation

Equity awards granted

Outstanding awards

Severance and change in control

Director compensation

Director fee schedule

Disclosed peer group

Say-on-pay history

Chief executive pay ratio

Velarion Pro: every company page, peer tools and exports, one seat

What this page does not include

Citations

Documents cited

The paid brief for NETGEAR

Tech — Hardware rankings

Peers NETGEAR discloses

Terms on this page