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Companies Strattec Security Corp

Strattec Security (STRT): executive pay, fiscal 2026

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CEO total pay$3,409,754CEO Jennifer Slater · source
Say-on-pay support93.22%Latest vote · source
CEO vs. named peers56th pct.Of 17 peer CEOs
CEO pay ratio282:1To the median employee · source

CEO pay, last three years

  • $5,352,066FY2025
  • $3,409,754FY2026

CEO total pay was $3,409,754 in fiscal 2026, down from $5,352,066 in fiscal 2025.

FY2026: salary $675,000 · bonus $150,000 · stock awards $1,372,950 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Strattec Security Corp in fiscal 2026?
As disclosed, Jennifer Slater (President & Chief Executive Officer) was the highest-paid executive at Strattec Security Corp in fiscal 2026, with total compensation of $3,409,754.
How does Strattec Security Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Jennifer Slater's total compensation ranked at the 56th percentile of Strattec Security Corp's disclosed peer group.
What is Strattec Security Corp's CEO-to-median employee pay ratio?
As disclosed, Strattec Security Corp's CEO-to-median employee pay ratio was 282:1.
How did shareholders vote on Strattec Security Corp's executive compensation?
As disclosed, 93.22% of shareholders supported Strattec Security Corp's executive compensation in the latest say-on-pay vote.
How much does Strattec Security Corp spend in total on board compensation for fiscal 2026?
As disclosed, Strattec Security Corp reported total board compensation of $950,845 for fiscal 2026.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jennifer Slater$675,000$150,000$1,372,950$0$1,016,400$0$195,404$3,409,754
President & Chief Executive Officer
Matthew Pauli477,0000474,6600421,6610107,8251,481,146
Senior Vice President & Chief Financial Officer
Chey Becker-Varto355,5000230,0400235,877072,355893,772
Senior Vice President & Chief Commercial Officer
Richard Messina365,3200108,5400192,405062,610728,875
Former Senior Vice President & Chief Technology Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Jennifer Slater$3,409,754$5,352,066—↓ −1,942,312
Matthew Pauli1,481,1461,082,431—↑ +398,715
Chey Becker-Varto893,772———
Richard Messina728,875874,953567,141↓ −146,078

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation program is designed to reflect a philosophy that executive compensation should be directly linked to Company performance, with the ultimate goal of increasing long-term shareholder value. The program fosters a culture of performance, attracts and retains highly experienced executives, and provides balanced incentives for the achievement of near-term and long-term objectives without encouraging excessive risk.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPay Governance LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Richard MessinaPSU2025-08-22—804—1,608$54,270
Richard MessinaRSU2025-08-22——804—54,270
Matthew PauliPSU2025-08-22—3,516—7,032237,330
Chey Becker-VartoRSU2025-08-22——1,704—115,020
Matthew PauliRSU2025-08-22——3,516—237,330
Chey Becker-VartoPSU2025-08-22—1,704—3,408115,020
Jennifer SlaterPSU2025-08-22—10,170—20,340686,475
Jennifer SlaterRSU2025-08-22——10,170—686,475

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Richard Messina$54,270$54,270$050.0%
Matthew Pauli237,330237,330050.0%
Chey Becker-Varto115,020115,020050.0%
Jennifer Slater686,475686,475050.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Richard MessinaRSU804—$66,443
Richard MessinaRSU950—78,508
Richard MessinaPSU1,608—132,885
Chey Becker-VartoRSU1,704—140,819
Richard MessinaRSU1,900—157,016
Chey Becker-VartoPSU3,408—281,637
Matthew PauliRSU3,460—285,934
Matthew PauliRSU3,516—290,562
Matthew PauliPSU7,032—581,124
Jennifer SlaterRSU10,170—840,449
Jennifer SlaterRSU11,252—929,865
Jennifer SlaterPSU20,340—1,680,898
Jennifer SlaterRSU25,236—2,085,503
Jennifer SlaterPSU33,756—2,789,596
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
F. Jack Liebau JrIndependent · Board Chair · Audit · Board of Directors (Chair) · Nominating and Corporate Governance · Compensation$145,000$83,169$0$0$0$228,169
Matteo AnversaIndependent · Audit (Chair) · Compensation · Nominating and Corporate Governance105,00083,169000188,169
Tina ChangIndependent · Audit · Compensation · Nominating and Corporate Governance (Chair) · Not standing for re-election100,00083,169000183,169
Thomas W. Florsheim JrIndependent · Audit · Compensation (Chair) · Nominating and Corporate Governance100,00083,169000183,169
Bruce M. LismanIndependent · Audit · Nominating and Corporate Governance · Compensation85,00083,169000168,169
Jennifer L. SlaterEmployee director—————0
R. Bruce McDonaldIndependent · Partial-year service——000—
Tribby WarfieldIndependent · Partial-year service——000—

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$85,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2026
Cash retainers and fees$535,000
Equity awards (grant-date value)$415,845
All other compensation$0
Total cost of the board$950,845

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Strattec Security as a peer

Companies that benchmark against STRT

5 companies name STRT as a compensation peer

Each company listed discloses STRT in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named STRT in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2026

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Strattec Security Corp names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Methode Electronics, Inc.2026Jonathan DeGaynor$1,018,269$4,456,045$0$2,562,500$8,090,755
2Motorcar Parts of America, Inc.2026Selwyn Joffe831,5883,140,5290782,4964,840,825
3Miller Industries, Inc.2025William Miller II827,4242,556,84001,304,6584,748,987
4Holley, Inc.2025Matthew Stevenson700,0002,944,6300700,0004,381,737
5Commercial Vehicle Group, Inc.2025James Ray879,2313,059,120003,949,428
6Stoneridge, Inc.2025James Zizelman900,0002,256,6210405,0003,593,069
7Allient, Inc.2025Richard Warzala740,0001,110,03501,615,2323,530,820
8Strattec Security Corp2026Jennifer Slater675,0001,372,95001,016,4003,409,754
9Mayville Engineering Co.2025Jagadeesh (Jag) Reddy736,4502,380,000——3,183,288
10L.B. Foster Co.2025John Kasel790,4171,319,3570654,4002,920,512
11Power Solutions International2025C. (Dino) Xykis598,27600945,6122,425,216
12Twin Disc, Inc.2026John Batten712,0711,002,7670440,0602,345,850
13Vishay Precision Group, Inc.2025Ziv Shoshani743,2351,300,661002,279,041
14Gorman-Rupp2025Scott King717,500750,000002,187,652
15FreightCar America, Inc.2025Nicholas Randall605,000453,746449,219503,7362,032,701
16Hurco Companies, Inc.2025Gregory Volovic675,8001,249,991002,023,603
17Core Molding Technologies2025David Duvall787,350761,016001,571,116

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Strattec Security Corpnot disclosedRSU 50 · PSU 50NoPay Governance LLC
Allient, Inc.not disclosednot disclosedNoBurke Capital Group
Commercial Vehicle Group, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Core Molding Technologiesnot disclosednot disclosednot disclosedPearl Meyer & Partners LLC
FreightCar America, Inc.not disclosedRestricted Shares 50 · Option 50not disclosedMeridian Compensation Partners, LLC
Gorman-Ruppnot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Holley, Inc.not disclosednot disclosednot disclosednot disclosed
Hurco Companies, Inc.not disclosedPSU 55 · RSU 45NoPay Governance, LLC
L.B. Foster Co.not disclosedPSU 60 · Restricted Stock 40not disclosedPay Governance
Mayville Engineering Co.not disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Methode Electronics, Inc.200%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR)Frederic W. Cook & Co., Inc.
Miller Industries, Inc.not disclosedRSU 100not disclosedAlvarez & Marsal Tax, LLC
Motorcar Parts of America, Inc.not disclosedRSU 50 · PSU 50not disclosedWillis Towers Watson
Power Solutions Internationalnot disclosednot disclosednot disclosednot disclosed
Stoneridge, Inc.45%PSU 55 · RSU 45Yes — Total Shareholder Return (TSR)Meridian Compensation Partners
Twin Disc, Inc.not disclosednot disclosednot disclosedPay Governance, LLC
Vishay Precision Group, Inc.not disclosednot disclosedNoEY Parthenon

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-152,186,05097,98761,01993.22%Passed
20242024-10-232,354,020499,545143,12082.49%Passed
20232023-10-103,009,10693,165156,41697%Passed
20222022-10-112,407,78397,249123,06296.12%Passed
20212021-10-053,049,782102,5618,87396.75%Passed
20202020-10-062,893,670110,23310,52896.33%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20252025-10-1593.22%a
20242024-10-2382.49%b
20232023-10-1097%c

a. Approved under the standard stated in the filing — “accordingly, for purposes of Proposal 2, abstentions will be counted in determining the required vote and will have the effect of a vote "against" approving the advisory resolution.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count toward the determination of whether this proposal is approved and will have no impact on the vote.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not count toward the determination of whether this proposal is approved and will have no impact on the vote.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)282 : 1
CEO total compensation$3,409,754
Median employee compensation$12,098
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2026 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
R. Bruce McDonaldDirector2026-10-13A1,434$66$95,031CommonForm 4 ↗
F. Jack Liebau JrDirector2026-10-13A1,4346695,031CommonForm 4 ↗
Tribby WarfieldDirector2026-10-13A1,4346695,031CommonForm 4 ↗
Matteo AnversaDirector2026-10-13A1,4346695,031CommonForm 4 ↗
Bruce M. LismanDirector2026-10-13A1,4346695,031CommonForm 4 ↗
Thomas W. Florsheim JrDirector2026-10-13A1,4346695,031CommonForm 4 ↗
Jennifer Lynn SlaterDirector2026-10-25D2,64500CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (54 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Jennifer Slater. DEF 14A, filed 2026-09-16. Section “Summary Compensation Table” · page 27. As printed: 3,409,754. View filing ↗
  • Section 01, Matthew Pauli. DEF 14A, filed 2026-09-16. Section “Summary Compensation Table” · page 27. As printed: 1,481,146. View filing ↗
  • Section 01, Chey Becker-Varto. DEF 14A, filed 2026-09-16. Section “Summary Compensation Table” · page 27. As printed: 893,772. View filing ↗
  • Section 01, Richard Messina. DEF 14A, filed 2026-09-16. Section “Summary Compensation Table” · page 27. As printed: 728,875. View filing ↗
  • Section 03, Richard Messina PSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Messina RSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Pauli PSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Chey Becker-Varto RSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Pauli RSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Chey Becker-Varto PSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jennifer Slater PSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jennifer Slater RSU. DEF 14A, filed 2026-09-16. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-09-16. Section “CEO Pay Ratio”. As printed: 282 : 1. View filing ↗
  • Section 08, F. Jack Liebau Jr. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 228,169. View filing ↗
  • Section 08, Matteo Anversa. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 188,169. View filing ↗
  • Section 08, Tina Chang. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 183,169. View filing ↗
  • Section 08, Thomas W. Florsheim Jr. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 183,169. View filing ↗
  • Section 08, Bruce M. Lisman. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 168,169. View filing ↗
  • Section 08, Jennifer L. Slater. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, R. Bruce McDonald. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 08, Tribby Warfield. DEF 14A, filed 2026-09-16. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 02, R. Bruce McDonald 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, F. Jack Liebau Jr 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Tribby Warfield 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Matteo Anversa 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Bruce M. Lisman 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Thomas W. Florsheim Jr 2026-10-13. Form 4, filed 2026-10-15. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jennifer Lynn Slater 2026-10-25. Form 4, filed 2026-10-27. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-10-17. Item 5.07 · say-on-pay result. As reported: 93.22% (votes for as printed: 2,186,050). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-10-23. Item 5.07 · say-on-pay result. As reported: 82.49% (votes for as printed: 2,354,020). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-10-11. Item 5.07 · say-on-pay result. As reported: 97% (votes for as printed: 3,009,106). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 535,000 + equity 415,845 + all other 0 = 950,845, summed across the director compensation table rows.
  • Methode Electronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-31. CEO total compensation as printed in Methode Electronics, Inc.'s own proxy. As printed: 8,090,755. View filing ↗
  • Motorcar Parts of America, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-29. CEO total compensation as printed in Motorcar Parts of America, Inc.'s own proxy. As printed: 4,840,825. View filing ↗
  • Miller Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Miller Industries, Inc.'s own proxy. As printed: 4,748,987. View filing ↗
  • Holley, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-20. CEO total compensation as printed in Holley, Inc.'s own proxy. As printed: 4,381,737. View filing ↗
  • Commercial Vehicle Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Commercial Vehicle Group, Inc.'s own proxy. As printed: 3,949,428. View filing ↗
  • Stoneridge, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Stoneridge, Inc.'s own proxy. As printed: 3,593,069. View filing ↗
  • Allient, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Allient, Inc.'s own proxy. As printed: 3,530,820. View filing ↗
  • Strattec Security Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-09-16. CEO total compensation as printed in Strattec Security Corp's own proxy. As printed: 3,409,754. View filing ↗
  • Mayville Engineering Co., Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Mayville Engineering Co.'s own proxy. As printed: 3,183,288. View filing ↗
  • L.B. Foster Co., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in L.B. Foster Co.'s own proxy. As printed: 2,920,512. View filing ↗
  • Power Solutions International, Section 10b CEO total. DEF 14A, filed 2026-06-09. CEO total compensation as printed in Power Solutions International's own proxy. As printed: 2,425,216. View filing ↗
  • Twin Disc, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in Twin Disc, Inc.'s own proxy. As printed: 2,345,850. View filing ↗
  • Vishay Precision Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Vishay Precision Group, Inc.'s own proxy. As printed: 2,279,041. View filing ↗
  • Gorman-Rupp, Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Gorman-Rupp's own proxy. As printed: 2,187,652. View filing ↗
  • FreightCar America, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in FreightCar America, Inc.'s own proxy. As printed: 2,032,701. View filing ↗
  • Hurco Companies, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Hurco Companies, Inc.'s own proxy. As printed: 2,023,603. View filing ↗
  • Core Molding Technologies, Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Core Molding Technologies's own proxy. As printed: 1,571,116. View filing ↗
  • Section 10a, Stoneridge, Inc. reciprocity. DEF 14A. Stoneridge, Inc. names Strattec Security Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Core Molding Technologies reciprocity. DEF 14A. Core Molding Technologies names Strattec Security Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Motorcar Parts of America, Inc. reciprocity. DEF 14A. Motorcar Parts of America, Inc. names Strattec Security Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗
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