CEO total pay
$14,674,543
Michael Farrell · 2025
Say on pay
Not disclosed
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CEO pay ratio
Item 402(u)187 to 1
Median employee: $14,674,543
Compensation committee
CD&ACompensation and Leadership Development Committee
Per the latest proxy
Filings indexed: 2 · 2025 · 2024
Executive pay
What did they pay them?
From the Summary Compensation Table. Pay mix and YoY are computed from these rows.
| Executive | Role | TotalYoY | Pay mix | Salary | Stock | Cash incentive | Other |
|---|---|---|---|---|---|---|---|
Michael Farrell2025 compensation | Chief executive officer | $14,674,543↑ 4% | 91% at-risk | $1,214,150 | $8,775,059 | $1,646,743 | $113,584 |
Brett Sandercock2025 compensation | Chief financial officer | $3,572,010↑ 10% | 84% at-risk | $498,967 | $2,600,037 | $407,171 | $65,835 |
Justin Leong2025 compensation | Chief product officer | $3,911,441 | 81% at-risk | $677,032 | $2,600,037 | $552,478 | $81,894 |
Bobby Ghoshal2025 compensation | Chief commercial officer, Residential Care Software | $3,652,455↑ 3% | 81% at-risk | $651,660 | $2,400,078 | $550,001 | $50,716 |
Mike Rider2025 compensation | Named executive officer | $2,289,122 | 75% at-risk | $508,745 | $1,400,005 | $311,363 | $69,009 |
Pay mix: base cash incentive equity other
CD&A excerpt
Compensation discussion & analysis
Opening passage of the loaded filing's CD&A. Use Ask below to query the full text with citations.
Read the full CD&A on SEC.gov ↗
Peer comparison
Who they benchmark against
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2024 Peer Group
13 members · 4 in ProxyMiner
ALGN · ALIGN TECHNOLOGY INCIDXX · IDEXX LABORATORIES INC /DEBAX · BAXTER INTERNATIONAL INCILMN · ILLUMINA, INC.BIO · BIO-RAD LABORATORIES, INC.ISRG · INTUITIVE SURGICAL INCSAM · BOSTON BEER CO INCCRL · CHARLES RIVER LABORATORIES INTERNATIONAL, INC.RVTY · REVVITY, INC.COO · COOPER COMPANIES, INC.STE · STERIS plcTFX · TELEFLEX INCWAT · WATERS CORP /DE/
Governance
Policy guardrails
hedging
prohibited
“Pledging and hedging prohibited”
pledging
prohibited
“Pledging and hedging prohibited”
clawback
present
“Clawback Policy”
stock ownership guidelines
present
“stock ownership guidelines, requiring our chief executive officer to hold stock valued at 600% of salary and our other named executive officers to hold stock valued at 300% of salary”
change in control
Change of Control Agreements
“Change of Control Agreements”
compensation consultant
independent
“independent compensation consultant.”
compensation committee
Compensation and Leadership Development Committee
“Compensation and Leadership Development Committee”
Performance markers
Metric facts
revenue
$4.720
“in our sales along with improvement in our operating profit created by procurement, manufacturing and logistics efficiencies in fiscal year 2025. Our fiscal year 2025 adjusted net sales (adjusted for committee-approved p…”
annual incentive payout
106.28%
“*Adjustments to actual performance under the 2025 cash incentive plan are set forth under “Incentive Plan Adjustments.””
performance equity mix
50%
“For fiscal year 2025, we continued our policy of allowing our named executive officers the choice of whether to receive all options, all performance-based RSUs, or a 50:50 split of the two award types for the 50% of thei…”
ceo pay ratio
187 to 1
“determining this pay ratio was $14,674,543. The annual total compensation of the median employee and the annual total compensation of the chief executive officer were calculated in accordance with the requirements of Ite…”
median employee compensation
$14,674,543
“and target incentive payments, due to turnover. The annual total compensation of the median employee for the fiscal year ending June 30, 2025, was $78,354; and the annual total compensation of our chief executive officer…”
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