CompBrief BY VELARION

Companies Casa Systems

Casa Systems (CASA): executive pay, fiscal 2022

Free brief. Every figure links to the company’s own filing.

Casa Systems no longer files a proxy statement; its last pay data is FY2022.

All products and prices

CEO total pay$4,542,850CEO Jerry Guo · source
Say-on-pay support76.12%Latest vote · source
CEO vs. named peers13th pct.Of 18 peer CEOs
CEO pay ratio51:1To the median employee · source

CEO pay, last three years

  • $6,169,044FY2021
  • $4,542,850FY2022

CEO total pay was $4,542,850 in fiscal 2022, down from $6,169,044 in fiscal 2021.

FY2022: salary $733,048 · bonus $0 · stock awards $3,800,652 · option awards $0

Frequently asked questions

Who was the highest-paid executive at Casa Systems in fiscal 2022?
As disclosed, Jerry Guo (President, Chief Executive Officer and Director) was the highest-paid executive at Casa Systems in fiscal 2022, with total compensation of $4,542,850.
How does Casa Systems's chief executive pay compare to its disclosed peer group?
As disclosed, Jerry Guo's total compensation ranked at the 13th percentile of Casa Systems's disclosed peer group.
What is Casa Systems's CEO-to-median employee pay ratio?
As disclosed, Casa Systems's CEO-to-median employee pay ratio was 51:1.
How did shareholders vote on Casa Systems's executive compensation?
As disclosed, 76.12% of shareholders supported Casa Systems's executive compensation in the latest say-on-pay vote.
How much does Casa Systems spend in total on board compensation for fiscal 2022?
As disclosed, Casa Systems reported total board compensation of $968,918 for fiscal 2022.

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
Jerry Guo$733,048$0$3,800,652$0$0$0$9,150$4,542,850
President, Chief Executive Officer and Director
Lucy Xie463,49701,699,129165,40200936,1503,264,178
Senior Vice President of Operations and Director
Weidong Chen463,49701,158,750308,000009,1501,939,397
Chief Technical 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 officerFY2022 totalFY2021 totalFY2020 totalΔ FY2021→2022
Jerry Guo$4,542,850$6,169,044—↓ −1,626,194
Lucy Xie3,264,1782,288,533—↑ +975,645
Weidong Chen1,939,3971,850,416—↑ +88,981

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

Our compensation philosophy is driven by the following objectives: Align with Performance—We seek to incorporate variability into our compensation program such that compensation will reflect corporate and individual achievement relative to our strategic objectives. Align with Stockholder Interests—We seek to structure compensation and incentives, particularly with respect to equity award grants, so as to create alignment with stockholder interests. Attract, Motivate and Retain Talent—We seek to offer compensation that will attract exceptional employment candidates, incentivize and reward outstanding employee performance, and offer total compensation that is competitive with the market. Align with Company Culture—We seek to structure compensation and incentives to align employee behavior with our core values.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)—
Independent consultantPearl Meyer & Partners, LLC
Clawback policyFalse
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Lucy XieOTHER—————$1,699,129
Jerry GuoOTHER—————3,800,652
Weidong ChenOTHER—————1,158,750

Vehicle mix — grant-date fair value by award type

Grant-level vehicle detail not disclosed.

% 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 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Weidong ChenRSU22,550—$61,562
Weidong ChenPSU23,967—65,430
Lucy XieRSU31,570—86,186
Lucy XieRSU71,901—196,290
Lucy XiePSU71,901—196,290
Weidong ChenRSU71,901—196,290
Jerry GuoRSU90,549—247,199
Lucy XieRSU106,606—291,034
Weidong ChenRSU106,606—291,034
Jerry GuoRSU120,303—328,427
Lucy XiePSU128,750—351,488
Jerry GuoRSU178,370—486,950
Weidong ChenOption200,0003.6—
Jerry GuoPSU309,739—845,587
Jerry GuoPSU320,809—875,809
Lucy XieRSU321,875—878,719
Weidong ChenRSU321,875—878,719
Jerry GuoPSU407,249—1,111,790
Jerry GuoRSU509,061—1,389,737
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Susana D'EmicIndependent · Audit (Chair) · Nominating & Corporate Governance$80,959$170,000$0$0$0$250,959
Bill StyslingerIndependent · Compensation (Chair) · Nominating & Corporate Governance72,000170,000000242,000
Daniel S. MeadIndependent · Audit · Compensation68,459170,000000238,459
Michael T. HayashiIndependent · Audit · Compensation67,500170,000000237,500
Jerry GuoNot independent000000
Scott BrucknerIndependent · Newly elected000000
Lucy XieNot independent · Not standing for re-election000000
Bruce EvansIndependent · Board Chair · Nominating & Corporate Governance (Chair)000000

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$170,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 17,000 / 10,000
Stock ownership guideline4x annual base cash retainer (non-employee directors)

Total cost of the board

ComponentFY2022
Cash retainers and fees$288,918
Equity awards (grant-date value)$680,000
All other compensation$0
Total cost of the board$968,918

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

Peer group, and who names Casa Systems as a peer

Companies that benchmark against CASA

4 companies name CASA as a compensation peer

The list of companies that name CASA as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2022

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

Peer reciprocity

Of the companies Casa Systems names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including Casa Systems.

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
1HubSpot, Inc.2025Yamini Rangan$700,000$18,675,770$0$745,850$20,126,620
2Ribbon Communications Inc.2025Bruce McClelland750,00016,370,8200225,18817,457,675
3Viavi Solutions Inc.2026Oleg Khaykin900,00010,103,34401,295,43712,305,351
4Inseego Corp.2025Juho Sarvikas480,7694,578,3116,685,850011,988,776
5SPS Commerce, Inc.2025Chad Collins609,65810,789,7040011,410,244
6Calix, Inc.2025Michael Weening560,00009,227,8291,023,34910,820,080
7Netgear, Inc.2025Charles Prober767,7408,603,20501,181,73110,555,676
8InterDigital, Inc.2025Liren Chen750,3843,999,9991,333,3331,691,0007,847,557
9Adtran, Inc.2025Thomas Stanton1,022,6853,763,04102,884,0007,683,726
10Infinera Corporation2023David Heard729,0005,137,5000791,1636,663,648
11Harmonic Inc.2025Nimrod Ben-Natan609,0004,927,5620570,0006,163,092
12Digi International Inc.2025Ronald Konezny583,8463,454,3240949,1795,002,124
13Upland Software, Inc.2025John McDonald500,0004,235,000004,774,820
14Casa Systems2022Jerry Guo733,0483,800,652004,542,850
15Aviat Networks, Inc.2026Peter Smith650,0003,559,2760196,5634,417,472
16Faro Technologies, Inc.2024Peter Lau600,0002,956,7950438,0004,008,421
—Cambium Networks Corporation——————not in coverage universe

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
Casa Systems0%PSU 60 · RSU 40NoPearl Meyer & Partners, LLC
Adtran, Inc.200%not disclosedNoPay Governance LLC
Aviat Networks, Inc.not disclosedPSU 50 · RSU 50not disclosedCompensia
Calix, Inc.108%Options 100NoCompensia
Cambium Networks Corporationnot disclosednot disclosednot disclosednot disclosed
Digi International Inc.147%RSU 50 · PSU 50Yes — TSR vs Russell 2000 IndexRadford Consulting (AON)
Faro Technologies, Inc.73%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR) compared to Russell 2000 IndexCompensia
Harmonic Inc.not disclosedRSU 60 · MSU 20 · PSU 20Yes — TSR relative to Nasdaq Telecommunications IndexExequity
HubSpot, Inc.107%RSU 50 · PSU 50NoCompensia, Inc.
Infinera Corporation83.5%PSU 55 · RSU 45NoCompensia
Inseego Corp.not disclosednot disclosednot disclosednot disclosed
InterDigital, Inc.178%PSU 50 · RSU 50NoFW Cook
Netgear, Inc.128%RSU 50 · PSU 50Yes — Relative TSR RankFrederick W. Cook & Co., Inc.
Ribbon Communications Inc.30%not disclosedYes — Relative TSRFW Cook
SPS Commerce, Inc.not disclosedRSU 50 · PSU 50Yes — relative TSR performance against the Russell 2000 IndexCompensia, Inc.
Upland Software, Inc.not disclosednot disclosedYes — Absolute TSRKorn Ferry
Viavi Solutions Inc.115.1%MSU 50 · RSU 50Yes — TSR relative to the performance of companies in the Nasdaq Telecommunications IndexCompensia, Inc.

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
20232023-05-1842,127,73813,216,630384,84976.12%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
20232023-05-1876.12%a

a. Approved under the standard stated in the filing — “Abstentions will not be counted as shares voting on any of the other proposals.”.

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)51 : 1
CEO total compensation$4,542,850
Median employee compensation$89,223
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2022 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Weidong ChenSee Remarks2023-12-08D241,407$0$0Derivative, Class A CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08D47,93400Derivative, Class A CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08D53,30300Derivative, Class A CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08D121,366165,538CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08A366,611——CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08A23,96700Derivative, Class A CommonForm 4 ↗
Weidong ChenSee Remarks2023-12-08D23,96700Derivative, Class A CommonForm 4 ↗
Scott BrucknerDirector2023-12-13A22,936——CommonForm 4 ↗
Scott BrucknerDirector2023-12-13D22,93600Derivative, Class A CommonForm 4 ↗
Edward DurkinChief Financial Officer2024-01-01D62,50000Derivative, Class A CommonForm 4 ↗
Edward DurkinChief Financial Officer2024-01-01D21,656111,478CommonForm 4 ↗
Edward DurkinChief Financial Officer2024-01-01A62,500——CommonForm 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 (60 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, Jerry Guo. DEF 14A, filed 2023-04-06. Section “Summary Compensation Table” · page 31. As printed: 4,542,850. View filing ↗
  • Section 01, Lucy Xie. DEF 14A, filed 2023-04-06. Section “Summary Compensation Table” · page 31. As printed: 3,264,178. View filing ↗
  • Section 01, Weidong Chen. DEF 14A, filed 2023-04-06. Section “Summary Compensation Table” · page 31. As printed: 1,939,397. View filing ↗
  • Section 03, Lucy Xie OTHER. DEF 14A, filed 2023-04-06. Section “PROPOSAONE ELECTION OF DIRECTORS” · grants of plan-based awards table. View filing ↗
  • Section 03, Jerry Guo OTHER. DEF 14A, filed 2023-04-06. Section “PROPOSAONE ELECTION OF DIRECTORS” · grants of plan-based awards table. View filing ↗
  • Section 03, Weidong Chen OTHER. DEF 14A, filed 2023-04-06. Section “PROPOSAONE ELECTION OF DIRECTORS” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2023-04-06. Section “CEO Pay Ratio”. As printed: 51 : 1. View filing ↗
  • Section 08, Susana D'Emic. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 250,959. View filing ↗
  • Section 08, Bill Styslinger. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 242,000. View filing ↗
  • Section 08, Daniel S. Mead. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 238,459. View filing ↗
  • Section 08, Michael T. Hayashi. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 237,500. View filing ↗
  • Section 08, Jerry Guo. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Scott Bruckner. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Lucy Xie. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Bruce Evans. DEF 14A, filed 2023-04-06. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Weidong Chen 2023-12-08. Form 4, filed 2023-12-12. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Scott Bruckner 2023-12-13. Form 4, filed 2023-12-14. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Scott Bruckner 2023-12-13. Form 4, filed 2023-12-14. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Edward Durkin 2024-01-01. Form 4, filed 2024-01-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Edward Durkin 2024-01-01. Form 4, filed 2024-01-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Edward Durkin 2024-01-01. Form 4, filed 2024-01-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-18. Item 5.07 · say-on-pay result. As reported: 76.12% (votes for as printed: 42,127,738). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 09b board cost (computed). Computed. Cash 288,918 + equity 680,000 + all other 0 = 968,918, summed across the director compensation table rows.
  • HubSpot, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in HubSpot, Inc.'s own proxy. As printed: 20,126,620. View filing ↗
  • Ribbon Communications Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Ribbon Communications Inc.'s own proxy. As printed: 17,457,675. View filing ↗
  • Viavi Solutions Inc., Section 10b CEO total. DEF 14A, filed 2026-10-02. CEO total compensation as printed in Viavi Solutions Inc.'s own proxy. As printed: 12,305,351. View filing ↗
  • Inseego Corp., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Inseego Corp.'s own proxy. As printed: 11,988,776. View filing ↗
  • SPS Commerce, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in SPS Commerce, Inc.'s own proxy. As printed: 11,410,244. View filing ↗
  • Calix, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Calix, Inc.'s own proxy. As printed: 10,820,080. View filing ↗
  • Netgear, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Netgear, Inc.'s own proxy. As printed: 10,555,676. View filing ↗
  • InterDigital, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in InterDigital, Inc.'s own proxy. As printed: 7,847,557. View filing ↗
  • Adtran, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Adtran, Inc.'s own proxy. As printed: 7,683,726. View filing ↗
  • Infinera Corporation, Section 10b CEO total. DEF 14A, filed 2024-05-17. CEO total compensation as printed in Infinera Corporation's own proxy. As printed: 6,663,648. View filing ↗
  • Harmonic Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Harmonic Inc.'s own proxy. As printed: 6,163,092. View filing ↗
  • Digi International Inc., Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in Digi International Inc.'s own proxy. As printed: 5,002,124. View filing ↗
  • Upland Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Upland Software, Inc.'s own proxy. As printed: 4,774,820. View filing ↗
  • Casa Systems (subject), Section 10b CEO total. DEF 14A, filed 2023-04-06. CEO total compensation as printed in Casa Systems's own proxy. As printed: 4,542,850. View filing ↗
  • Aviat Networks, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-02. CEO total compensation as printed in Aviat Networks, Inc.'s own proxy. As printed: 4,417,472. View filing ↗
  • Faro Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-10. CEO total compensation as printed in Faro Technologies, Inc.'s own proxy. As printed: 4,008,421. View filing ↗
  • Section 10a, Calix, Inc. reciprocity. DEF 14A. Calix, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, FARO Technologies, Inc. reciprocity. DEF 14A. FARO Technologies, Inc. names Casa Systems in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Harmonic Inc. reciprocity. DEF 14A. Harmonic Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, NETGEAR, Inc. reciprocity. DEF 14A. NETGEAR, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Upland Software, Inc. reciprocity. DEF 14A. Upland Software, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Viavi Solutions Inc. reciprocity. DEF 14A. Viavi Solutions Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Ribbon Communications Inc. reciprocity. DEF 14A. Ribbon Communications Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, ADTRAN, Inc. reciprocity. DEF 14A. ADTRAN, Inc. names Casa Systems in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, HubSpot, Inc. reciprocity. DEF 14A. HubSpot, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Aviat Networks, Inc. reciprocity. DEF 14A. Aviat Networks, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Infinera Corporation reciprocity. DEF 14A. Infinera Corporation's most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, InterDigital, Inc. reciprocity. DEF 14A. InterDigital, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, Digi International Inc. reciprocity. DEF 14A. Digi International Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗
  • Section 10a, SPS Commerce, Inc. reciprocity. DEF 14A. SPS Commerce, Inc.'s most recent proxy was read; its disclosed peer group does not include Casa Systems. View filing ↗