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Varex Imaging Executive Compensation (FY25)

VREX · Salt Lake City, UT · Executive and director compensation, fiscal 2023 to 2025

The paid brief on Varex Imaging

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 $1,200 for the board report; $2,400 for both.
Data as of September 7, 2026Latest filing (8-K): February 13, 2026
11 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Varex Imaging brief$1,500Get the executive brief
403 figures on this page: 395 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Sunny Sanyal
Latest say-on-pay support
=
February 12, 2026
Chief executive pay ratio
◇
To the median employee

More on Varex Imaging

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 — Sunny Sanyal: $4,749,493 → $4,634,688 (2.4% lower)
Say-on-pay support: 97.2% → 97.1% (0.1 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Varex Imaging's chief executive and what were they paid?
Total compensation for Sunny Sanyal, President and Chief Executive Officer, came to $4,634,688 in fiscal 2025. Compared with the $4,749,493 reported for fiscal 2024, Sanyal's total was 2.4% lower.
What was Varex Imaging's say-on-pay result?
The say-on-pay proposal drew 97.1% of votes cast for or against in favor at the meeting held February 12, 2026 for fiscal 2025.
Which companies are in Varex Imaging's peer group?
Companies named in the disclosed peer group include Accuray Incorporated, AngioDynamics, Inc., Artivion, Inc., Avanos Medical, Inc. and CONMED Corporation, among others.
What is Varex Imaging's chief executive pay ratio?
The company reported a chief executive pay ratio of 75.9:1 for fiscal 2025, against median employee compensation of $61,090.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sunny Sanyal
President and Chief Executive Officer
◇—◇◇◇—◇◇
Shubham Maheshwari
Chief Financial Officer
◇—◇◇◇—◇◇
Kimberley Honeysett
SVP, CLO and Corporate Secretary
◇◇◇◇◇—◇◇
Andrew Hartmann
SVP and General Manager, Detectors
◇—◇◇◇—◇◇
Mark Jonaitis
SVP and General Manager, X-ray Sources
◇◇◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sunny Sanyal
President and Chief Executive Officer
◇—◇—◇—◇◇
Shubham Maheshwari
Chief Financial Officer
◇—◇—◇—◇◇
Karen Aranki
Chief Human Resources Officer
◇◇◇◇◇—◇◇
Kimberley Honeysett
Senior Vice President, Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
Andrew Hartmann
Senior Vice President and General Manager, Detectors
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sunny Sanyal
President and Chief Executive Officer
◇—◇—◇—◇◇
Shubham Maheshwari
Chief Financial Officer
◇—◇—◇—◇◇
Kimberley Honeysett
Former SVP, CLO and Corporate Secretary
Departed during or after this year
◇—◇—◇—◇◇
Andrew Hartmann
SVP and General Manager, Detectors
◇—◇—◇—◇◇
Mark Jonaitis
SVP and General Manager, X-Ray Sources
◇—◇—◇—◇◇
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
Andrew J. HartmannRSU◇——◇——◇
Andrew J. HartmannPSU◇◇◇◇◇—◇
Andrew J. HartmannPSU◇◇◇—◇—◇
Andrew J. HartmannPSU◇◇◇◇◇—◇
Kimberley E. HoneysettPSU◇◇◇—◇—◇
Kimberley E. HoneysettRSU◇——◇——◇
Kimberley E. HoneysettPSU◇◇◇◇◇—◇
Kimberley E. HoneysettPSU◇◇◇◇◇—◇
Mark S. JonaitisRSU◇——◇——◇
Mark S. JonaitisPSU◇◇◇◇◇—◇
Mark S. JonaitisPSU◇◇◇◇◇—◇
Shubham MaheshwariPSU◇◇◇—◇—◇
Shubham MaheshwariPSU◇◇◇◇◇—◇
Shubham MaheshwariPSU◇◇◇◇◇—◇
Shubham MaheshwariRSU◇——◇——◇
Sunny S. SanyalPSU◇◇◇—◇—◇
Sunny S. SanyalPSU◇◇◇◇◇—◇
Sunny S. SanyalPSU◇◇◇◇◇—◇
Sunny S. SanyalRSU◇——◇——◇
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
Mark JonaitisOption◇—◇12/8/2032
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/15/2026
Option◇—◇2/15/2030
Option◇—◇2/16/2031
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇12/10/2031
PSU◇◇——
RSU◇◇——
Andrew HartmannOption◇—◇12/8/2032
Option◇—◇12/10/2031
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/15/2030
Option◇—◇2/15/2026
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇2/16/2031
RSU◇◇——
Kimberley HoneysettOption◇—◇2/15/2026
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇2/16/2031
Option◇—◇12/10/2031
Option◇—◇2/15/2030
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/8/2032
PSU◇◇——
Sunny SanyalRSU◇◇——
Option◇—◇2/16/2031
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇2/15/2030
Option◇—◇12/10/2031
PSU◇◇——
RSU◇◇——
Option◇—◇2/15/2026
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇12/8/2032
Shubham MaheshwariPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇8/15/2030
Option◇—◇5/21/2031
Option◇—◇12/10/2031
PSU◇◇——
RSU◇◇——
Option◇—◇12/8/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
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.
Andrew Hartmann
SVP and General Manager, Detectors · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Mark Jonaitis
SVP and General Manager, X-Ray Sources · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇
Sunny Sanyal
President and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Walter M Rosebrough, Jr
Board chair
◇◇————◇
Christine A. Tsingos
◇◇————◇
Timothy E. Guertin
◇◇————◇
Kathleen L. Bardwell
◇◇————◇
Jocelyn D. Chertoff, M.D
◇◇————◇
Jay K. Kunkel
◇◇————◇
Sunny S. Sanyal 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◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Accuray Incorporated ARAY
  • AngioDynamics, Inc. ANGO
  • Artivion, Inc. AORT
  • Avanos Medical, Inc. AVNS
  • CONMED Corporation CNMD
  • CTS Corporation CTS
  • Faro Technologies, Inc. FARO
  • Inogen, Inc. INGN
  • Knowles Corporation KN
  • Methode Electronics, Inc. MEI
  • Mirion Technologies, Inc. MIR
  • Orthofix Medical, Inc. OFIX
  • OSI Systems, Inc OSIS
  • Rogers Corporation ROG
  • Vishay Precision Group VPG
  • ZimVie, Inc. ZIMV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025February 12, 2026=◇◇◇
2024February 13, 2025=◇◇◇
2023February 8, 2024=◇◇◇
2022February 9, 2023=◇◇◇
2021February 10, 2022=◇◇◇
2020February 11, 2021=◇◇◇
2019February 14, 2020=◇◇◇
2018February 14, 2019=◇◇◇

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 Varex Imaging disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Varex Imaging 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.
403 figures on this page: 395 cited to the filing that reported them, 8 calculated from figures it prints.
395 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001681622-26-000031
  2. 0001104659-25-124842
    CEO Pay Ratio · Compensation Discussion and Analysis · Compensation of Directors · Director Compensation for Fiscal Year 2025 · and 3 more sections
  3. 0001681622-25-000018
  4. 0001104659-24-132504
    Grants of Plan-Based Awards · Summary Compensation Table
  5. 0001681622-24-000014
  6. 0001104659-23-129477
    Summary Compensation Table
  7. 0001681622-23-000016
  8. 0001681622-22-000032
  9. 0001681622-21-000031
  10. 0001104659-20-022081
  11. 0001681622-19-000015
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Varex Imaging executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/VREX (accessed 2026).
Short form: data: Velarion

The paid brief for Varex Imaging

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 $1,200 for the board report; $2,400 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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Peers Varex Imaging discloses

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

Accuray IncorporatedAngioDynamics, Inc.Artivion, Inc.Avanos Medical, Inc.CONMED CorporationCTS CorporationFaro Technologies, Inc.Inogen, Inc.Knowles CorporationMethode Electronics, Inc.Mirion Technologies, Inc.Orthofix Medical, Inc.OSI Systems, IncRogers CorporationVishay Precision GroupZimVie, 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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