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Consumer & Retail

Sonos Executive Compensation (FY25)

SONO · Santa Barbara, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Tom Conrad
Median of the other named officers
$4,259,912
5 officers, excluding the chief executive
Latest say-on-pay support
=
March 5, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): March 11, 2026
11 filings cited on this page
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286 figures on this page: 280 cited to the filing that reported them, 6 calculated from figures it prints. See the citations

More on Sonos

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 of record: Patrick Spence → Tom Conrad
Say-on-pay support: 55.9% → 91.1% (35.2 points higher)
CEO pay ratio: 35:1 → 37:1 (5.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Sonos' chief executive and what were they paid?
Tom Conrad, Chief Executive Officer, received $8,275,354 in total compensation for fiscal 2025.
What was Sonos' say-on-pay result?
Shareholders supported the say-on-pay proposal with 91.1% of votes cast for or against in favor at the meeting held March 5, 2026 for fiscal 2025.
What is Sonos' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 37:1, against median employee compensation of $170,401.

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 Spence
Chief Executive Officer
◇—◇—◇——◇
Edward Lazarus
Chief Financial Officer, Chief Legal Officer & Corporate Secretary
◇—◇—◇—◇◇
Brittany Bagley
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Matthew Siegel
Chief Commercial Officer
◇—◇—◇—◇◇
Anna Fraser
Former Chief People Officer
Departed during or after this year
◇—◇———◇◇
Nicholas Millington
Chief Innovation Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Spence
Chief Executive Officer
◇—◇—◇——◇
Maxime Bouvat-Merlin
Chief Product Officer
◇—◇—◇—◇◇
Nicholas Millington
Chief Innovation Officer
◇—◇—◇—◇◇
Matthew Siegel
Former Chief Commercial Officer
Departed during or after this year
◇—◇———◇◇
Shamayne Braman
Chief People Officer
◇—◇—◇—◇◇
Edward Lazarus
Former Chief Financial Officer, Chief Legal and Strategy Officer and Corporate Secretary
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Saori Casey
Chief Financial Officer
◇—◇———◇◇
Patrick Spence
Former Chief Executive Officer
Departed during or after this year
◇—◇————◇
Deirdre Findlay
Chief Commercial Officer
◇—◇———◇◇
Maxime Bouvat-Merlin
Former Chief Product Officer
Departed during or after this year
◇—◇———◇◇
Edward Lazarus
Chief Legal and Strategy Officer and Corporate Secretary
◇—◇———◇◇
Nicholas Millington
Chief Innovation Officer
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick Spence
Former Chief Executive Officer
Departed during or after this year
◇—◇◇——◇◇
Tom Conrad
Chief Executive Officer
◇◇◇—◇—◇◇
Eddie Lazarus
Chief Legal and Business Development Officer
◇—◇—◇—◇◇
Saori Casey
Chief Financial Officer
◇—◇—◇—◇◇
Shamayne Braman
Former Chief People Officer
Departed during or after this year
◇—◇———◇◇
Nicholas Millington
Chief Innovation 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
Eddie LazarusRSU◇——◇——◇
Eddie LazarusPSU◇◇◇—◇—◇
Eddie LazarusPSU◇◇◇—◇—◇
Eddie LazarusRSU◇——◇——◇
Nicholas MillingtonPSU◇◇◇—◇—◇
Nicholas MillingtonRSU◇——◇——◇
Nicholas MillingtonPSU◇◇◇—◇—◇
Nicholas MillingtonPSU◇◇◇—◇—◇
Patrick SpencePSU◇—————◇
Patrick SpenceRSU◇——◇——◇
Patrick SpenceRSU◇——◇——◇
Saori CaseyRSU◇——◇——◇
Saori CaseyPSU◇◇◇—◇—◇
Saori CaseyPSU◇◇◇—◇—◇
Shamayne BramanRSU◇——◇——◇
Shamayne BramanPSU◇◇◇—◇—◇
Shamayne BramanPSU◇◇◇—◇—◇
Shamayne BramanPSU◇◇◇—◇—◇
Tom ConradRSU◇——◇——◇
Tom ConradRSU◇——◇——◇
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
Tom ConradRSU◇◇——
Saori CaseyRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Eddie LazarusRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Nicholas MillingtonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
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.
Nicholas Millington
Chief Innovation Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Patrick Spence
Former Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇
Change-in-control trigger◇
Equity acceleration on change in control◇
Benefits continuation◇
Saori Casey
Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Shamayne Braman
Former Chief People Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇
Benefits continuation◇
Tom Conrad
Chief Executive Officer · Terms as announced by the company
Severance base◇
Equity acceleration on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Julius Genachowski
Board chair
◇◇————◇
Karen Boone
◇◇————◇
Bracken Darrell
◇◇————◇
Joanna Coles
◇◇————◇
Jonathan Mildenhall
◇◇————◇
Hugo Barra
—◇————◇
Joe Kennedy, Michelangelo Volpi, Tom Conrad, Carmine Arabia and Mandy Fields 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◇
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: For a description of the Stock Ownership Guidelines Policy that applies to our directors, please see “Executive Compensation—Executive and Director Stock Ownership Guidelines Policy” below.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025March 5, 2026=◇◇◇
2024March 11, 2025=◇◇◇
2023March 11, 2024=◇◇◇
2022March 9, 2023=◇◇◇
2021March 10, 2022=◇◇◇
2020March 11, 2021=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Tom Conrad (Chief Executive Officer), FY2025 total compensation $8,275,354 (base salary $1,258,654) [exec_comp, SEC accession 0001314727-26-000021, filed 2026-01-22]

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What this page does not include

Everything above is a fact Sonos disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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 — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
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.
286 figures on this page: 280 cited to the filing that reported them, 6 calculated from figures it prints.
280 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001314727-26-000050
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001314727-26-000021
    Compensation Discussion and Analysis
  3. 0001314727-25-000067
    EX-10.16
  4. 0001314727-25-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001314727-25-000012
    Summary Compensation Table
  6. 0001314727-24-000002
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000950170-24-008143
    Summary Compensation Table
  8. 0000950170-23-007617
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000950170-23-000922
  10. 0001314727-22-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001314727-21-000013
    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, “Sonos executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SONO (accessed 2026).
Short form: data: Velarion

The paid brief for Sonos

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 $500 for the board report; $900 for both.
Get the executive briefGet the board briefNo account needed.
11 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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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

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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