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Teradyne Executive Compensation (FY25)

TER · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Gregory Smith
Median of the other named officers
$5,381,057
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 8, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 11, 2026
15 filings cited on this page
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356 figures on this page: 345 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Teradyne

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 — Gregory Smith: $11,760,656 → $14,107,588 (20.0% higher)
Say-on-pay support: 95.1% → 96.0% (0.9 points higher)
CEO pay ratio: 101:1 → 120:1 (18.8% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Teradyne's chief executive and what were they paid?
Gregory Smith, President and Chief Executive Officer, received $14,107,588 in total compensation for fiscal 2025. Compared with the $11,760,656 reported for fiscal 2024, Smith's total was 20.0% higher.
What was Teradyne's say-on-pay result?
The say-on-pay proposal drew 96.0% of votes cast for or against in favor at the meeting held May 8, 2026 for fiscal 2025.
Which companies are in Teradyne's peer group?
The disclosed peer group includes Advantest Corp., Analog Devices, Inc., Applied Materials, Inc., ASML Holding NV and Cohu, Inc., among others.
What is Teradyne's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 120:1, against median employee compensation of $117,600.

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
Sanjay Mehta
Chief Financial Officer
◇◇◇◇◇—◇◇
Gregory Smith
President and President, Robotics
◇◇◇◇◇—◇◇
Richard Burns
President, Semiconductor Test
◇◇◇◇◇—◇◇
Charles Gray
Senior Vice President, General Counsel and Secretary
◇◇◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Smith
President and Chief Executive Officer
◇◇◇◇◇—◇◇
Mark Jagiela
Former President and Former Chief Executive Officer
Departed during or after this year
◇—◇◇—◇◇◇
Sanjay Mehta
Vice President, Chief Financial Officer and Treasurer
◇◇◇◇◇—◇◇
Richard Burns
President, Semiconductor Test
◇◇◇◇◇—◇◇
Ujjwal Kumar
President, Robotics
◇—◇◇◇—◇◇
Charles Gray
Vice President, General Counsel and Secretary
◇◇◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Smith
President and Chief Executive Officer
◇—◇◇◇—◇◇
Sanjay Mehta
Vice President, Chief Financial Officer & Treasurer
◇—◇◇◇—◇◇
Richard Burns
President, Semiconductor Test
◇—◇◇◇—◇◇
Ujjwal Kumar
President, Robotics
◇—◇◇◇—◇◇
Ryan Driscoll
Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gregory Smith
President and Chief Executive Officer
◇—◇◇◇—◇◇
Michelle Turner
Vice President, Chief Financial Officer & Treasurer
◇◇◇◇◇—◇◇
Shannon Poulin
President, Semiconductor Test
◇◇◇◇◇—◇◇
Sanjay Mehta
Vice President, Chief Financial Officer & Treasurer
Departed during or after this year
◇—◇◇◇—◇◇
Ryan Driscoll
Vice President, General Counsel and Secretary
◇—◇◇◇—◇◇
Regan Mills
President, Product Test
◇—◇—◇◇◇◇
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 S. SmithPSU◇—◇—◇—◇
Gregory S. SmithRSU◇——◇——◇
Gregory S. SmithOPTION◇——◇—◇◇
Gregory S. SmithPSU◇—◇—◇—◇
Gregory S. SmithRSU◇——◇——◇
Gregory S. SmithOPTION◇——◇—◇◇
Michelle TurnerPSU◇—◇—◇—◇
Ryan DriscollPSU◇—◇—◇—◇
Ryan DriscollRSU◇——◇——◇
Sanjay MehtaPSU◇—◇—◇—◇
Sanjay MehtaOPTION◇——◇—◇◇
Sanjay MehtaPSU◇—◇—◇—◇
Sanjay MehtaRSU◇——◇——◇
Sanjay MehtaOPTION◇——◇—◇◇
Sanjay MehtaRSU◇——◇——◇
Fiscal 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
Sanjay MehtaRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇—
Option◇—◇—
Ryan DriscollOption◇—◇—
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Gregory SmithRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Regan MillsRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Shannon PoulinOption◇—◇—
RSU◇◇——
PSU◇◇——
Michelle TurnerPSU◇◇——
RSU◇◇——
Option◇—◇—
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
Paul J. Tufano
Board chair
◇◇————◇
Mercedes Johnson
◇◇————◇
Peter Herweck
◇◇————◇
Marilyn Matz
◇◇————◇
Ernest E. Maddock
◇◇————◇
Bridget A. van Kralingen
◇◇————◇
Andrew Drew C. Henry
◇◇————◇
Drew Henry
◇◇————◇
Necip Sayiner
◇◇————◇
Ford Tamer
◇—————◇
Gregory S. Smith 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◇
Compensation committee chair◇
Nominating and governance chair◇
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
  • Advantest Corp. symbol not shown
  • Analog Devices, Inc. ADI
  • Applied Materials, Inc. AMAT
  • ASML Holding NV ASML
  • Cohu, Inc. COHU
  • KLA Corporation KLAC
  • Kulicke & Soffa Industries, Inc. KLIC
  • Lam Research Corporation LRCX
  • Veeco Instruments, Inc. VECO

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 8, 2026=◇◇◇
2024May 9, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 13, 2023=◇◇◇
2021May 13, 2022=◇◇◇
2020May 7, 2021=◇◇◇
2019May 8, 2020=◇◇◇
2018May 7, 2019=◇◇◇
2017May 8, 2018=◇◇◇
2016May 9, 2017=◇◇◇
2015May 10, 2016=◇◇◇

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?”
- Gregory Smith (President and Chief Executive Officer), FY2025 total compensation $14,107,588 (base salary $959,457) [exec_comp, SEC accession 0001193125-26-127504, filed 2026-03-27]

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What this page does not include

Everything above is a fact Teradyne disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Teradyne 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 — $499
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.
356 figures on this page: 345 cited to the filing that reported them, 11 calculated from figures it prints.
345 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-215848
  2. 0001193125-26-127504
    CEO Pay Ratio · Director Compensation · Director Compensation Table for 2025 · Grants Of Plan-Based Awards Table For 2025 · and 2 more sections
  3. 0001193125-25-117351
  4. 0000950170-25-046345
    Summary Compensation Table
  5. 0001193125-24-136164
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000950170-24-038544
    Summary Compensation Table for 2023
  7. 0001193125-23-146066
  8. 0001193125-23-086955
    Summary Compensation Table
  9. 0001193125-22-151657
  10. 0001193125-21-160178
  11. 0001193125-20-139310
  12. 0001193125-19-142574
  13. 0001193125-18-160260
  14. 0001193125-17-165410
  15. 0001193125-16-588361
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Teradyne executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TER (accessed 2026).
Short form: data: Velarion

The paid brief for Teradyne

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
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Tech — Hardware rankings

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

Peers Teradyne discloses

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

Analog Devices, Inc.Applied Materials, Inc.Cohu, Inc.KLA CorporationKulicke & Soffa Industries, Inc.Lam Research CorporationVeeco Instruments, Inc.

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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