Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-25

Credo Technology Group Holding Ltd (CRDO)

Fiscal year 2026 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$14,428,500
William Brennan total, FY2026
53rd
CEO pay percentile vs peers
123:1
CEO-to-median pay ratio
94.09%
Say-on-pay support, latest vote
Companies that benchmark against CRDO
9 companies name CRDO as a compensation peer

Each company listed discloses CRDO 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 CRDO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Brennan$650,000$0$12,641,000$0$1,137,500$0$0$14,428,500
President, Chief Executive Officer and Director
Daniel Fleming430,00006,320,5000564,375007,314,875
Chief Financial Officer
Chi Fung Cheng400,000000350,00000750,000
Chief Technology Officer
James Laufman400,000000350,00000750,000
Chief Legal Officer and Secretary
Yat Tung Lam375,000000328,12500703,125
Chief Operating 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 FY20252026
William Brennan$14,428,500$6,058,750$6,120,667+8,369,750
Daniel Fleming7,314,8753,604,1022,672,333+3,710,773
Chi Fung Cheng750,0001,776,307470,094−1,026,307
James Laufman750,00012,067,41512,067,415−11,317,415
Yat Tung Lam703,1251,907,4492,566,938−1,204,324

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William BrennanPSU2025-06-3050,000200,000200,000200,000$12,641,000
Daniel FlemingPSU2025-06-3025,000100,000100,000100,0006,320,500
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Brennan$0$12,641,000$0100.0%
Daniel Fleming06,320,5000100.0%

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

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
William BrennanRSU200,000$36,876,000
James LaufmanRSU187,50034,571,250
Yat Tung LamRSU18,7503,457,125
Daniel FlemingRSU120,00022,125,600
William BrennanRSU109,37520,166,563
Daniel FlemingRSU100,00018,438,000
Yat Tung LamRSU50,0009,219,000
Chi Fung ChengRSU50,0009,219,000
Yat Tung LamRSU43,7508,066,625
William BrennanRSU46,8758,642,813
Daniel FlemingRSU43,7508,066,625
Daniel FlemingRSU18,7503,457,125
Chi Fung ChengRSU18,7503,457,125
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program is designed to attract, retain, and motivate qualified individuals with market-competitive compensation while closely linking pay to the achievement of short- and long-term business and financial goals. The program emphasizes alignment of executive interests with shareholders by delivering the largest portion of compensation in the form of long-term equity incentive awards, which have been 100% performance-based since fiscal 2025.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantCompensia
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-13116,591,7727,323,034128,40694.09%Passed
20242024-10-21105,986,10114,124,29461,43288.24%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
20252025-10-1394.09%a
20242024-10-2188.24%b

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the vote on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will be entirely excluded from each of the votes and will have no effect on the outcome of this proposal.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)123 : 1
CEO total compensation
Median employee compensation$117,482
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Fariba DaneshIndependent · Audit · Nominating and Corporate Governance$72,583$648,342$720,925
Brian KelleherIndependent · Partial-year service30,806385,250416,056
Sylvia AcevedoIndependent · Lead Independent Director · Compensation · Nominating and Corporate Governance (Chair) · NCG (Chair)103,042202,371305,413
Clyde HoseinIndependent · Audit (Chair) · Compensation86,208202,371288,579
Manpreet KhairaIndependent · Audit · Compensation (Chair)83,917202,371286,288
Pantas SutardjaIndependent · Nominating and Corporate Governance61,250202,371263,621
Chi Fung (Lawrence) ChengEmployee director0
Yat Tung (Job) LamEmployee director0
William (Bill) BrennanEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$240,000
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$437,806
Equity awards (grant-date value)$1,843,076
All other compensation$0
Total cost of the board$2,280,882

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

10

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.

10a

Peer reciprocity

Of the companies Credo Technology Group Holding Ltd 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 Credo Technology Group Holding Ltd.

10b

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
1Microchip Technology Incorporated2026Steve Sanghi$961,616$38,286,419$0$1,220,739$40,501,951
2Marvell Technology, Inc.2026Matthew Murphy1,237,50020,200,06803,621,00025,064,348
3F5, Inc.2025François Locoh-Donou962,00020,642,85201,398,42123,039,819
4Monolithic Power Systems, Inc.2025Michael Hsing1,030,96212,686,33206,210,00019,930,736
5Trimble Inc.2025Robert Painter950,00013,311,8642,230,6372,633,44319,129,944
6Everpure, Inc.2026Charles Giancarlo850,00016,011,70801,568,25018,434,966
7Keysight Technologies Inc2025Satish Dhanasekaran933,00015,345,17601,575,47318,020,109
8ON Semiconductor Corporation2025Hassane El-Khoury1,200,00016,436,4670017,678,866
9Credo Technology Group Holding Ltd2026William Brennan650,00012,641,00001,137,50014,428,500
10SiTime Corporation2025Rajesh Vashist850,00011,456,63701,700,00014,261,046
11Teradyne, Inc.2025Gregory Smith959,45710,186,5131,033,3351,914,28314,107,588
12MACOM Technology & Solutions Holdings, Inc.2025Stephen Daly815,0008,147,39201,138,16510,102,699
13Rambus Inc.2025Luc Seraphin726,2507,898,0720869,6529,507,546
14Semtech Corporation2026Hong Hou692,3506,582,3430875,0638,177,250
15First Solar, Inc.2025Mark Widmar1,021,5355,500,03201,603,0388,138,605
16Teledyne Technologies Incorporated2025George C. Bobb III816,827601,5461,730,5221,080,9084,255,049
17Lattice Semiconductor Corporation2025Ford Tamer800,00000917,3081,725,091
18Ubiquiti Inc.2025Robert J. Pera0000630,709

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Credo Technology Group Holding Ltdnot disclosedPSU 100not disclosedCompensia
Everpure, Inc.123% corporate performance factor (individual factors ranged from 125% to 150%)%PSU 100NoMeridian Compensation Partners
F5, Inc.111.8%PSU 64 · RSU 36Yes — relative TSRCompensia
First Solar, Inc.113%RSU 75 · PSU 25NoWTW
Keysight Technologies Inc114.09%PSU 60 · RSU 40Yes — 3-Year Relative TSRMeridian Compensation Partners LLC
Lattice Semiconductor Corporation90%PRSU 57 · RSU 43NoSemler Brossy
MACOM Technology & Solutions Holdings, Inc.103.5%PSU 82 · RSU 18Yes — Relative TSRPearl Meyer & Partners, LLC
Marvell Technology, Inc.144.84%MSU 70 · RSU 30Yes — Relative TSR vs. S&P 500 IndexCompensia
Microchip Technology Incorporated152.03%PSU 60 · RSU 40NoSemler Brossy Consulting Group LLC
Monolithic Power Systems, Inc.400%PSU 100Yes — Relative TSR vs. PHLX IndexRadford
ON Semiconductor Corporationnot disclosedPSU 70 · RSU 30NoFW Cook
Rambus Inc.98.6%PSU 60 · RSU 40Yes — TSR relative to SOX semiconductor index minus Equipment CompaniesFarient Advisors LLC
Semtech Corporation100%PSU 50 · RSU 50NoCompensia
SiTime Corporation200%PSU 65 · RSU 35NoPearl Meyer
Teledyne Technologies Incorporated97.6%Options 33 · Cash LTI 33 · PSU 33NoExequity LLP
Teradyne, Inc.136.0%not disclosedYes — TSR vs NYSE Composite IndexCompensia
Trimble Inc.138.6%PSU 60 · RSU 25 · Options 15Yes — Total Shareholder Return (TSR) relative to S&P 500Mercer (US) LLC
Ubiquiti Inc.not disclosedRSU 100not disclosedNot used

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Credo Technology Group Holding Ltd in fiscal 2026?
As disclosed, the highest-paid executive was William Brennan, who served as President, Chief Executive Officer and Director with total compensation of $14,428,500.
How does Credo Technology Group Holding Ltd's chief executive pay compare to its disclosed peer group?
The filing shows the CEO's pay was at the 53rd percentile of the disclosed peer group.
What is Credo Technology Group Holding Ltd's CEO-to-median employee pay ratio?
The company reported a CEO-to-median employee pay ratio of 123:1.
How did shareholders vote on Credo Technology Group Holding Ltd's executive compensation?
Shareholders provided 94.09% support for the executive compensation plan in the latest vote.
How much does Credo Technology Group Holding Ltd spend in total on board compensation for fiscal 2026?
The filing indicates total board compensation for fiscal 2026 was $2,280,882.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, William BrennanDEF 14A2026-08-250001628280-26-058936Section “Summary Compensation Table” · page 44. As printed: 14,428,500. Filing ↗machine: r2 · c33 · span 515386–515396
2Section 01, Daniel FlemingDEF 14A2026-08-250001628280-26-058936Section “Summary Compensation Table” · page 44. As printed: 7,314,875. Filing ↗machine: r5 · c33 · span 521256–521265
3Section 01, Chi Fung ChengDEF 14A2026-08-250001628280-26-058936Section “Summary Compensation Table” · page 44. As printed: 750,000. Filing ↗machine: r11 · c33 · span 533059–533066
4Section 01, James LaufmanDEF 14A2026-08-250001628280-26-058936Section “Summary Compensation Table” · page 44. As printed: 750,000. Filing ↗machine: r14 · c33 · span 538956–538963
5Section 01, Yat Tung LamDEF 14A2026-08-250001628280-26-058936Section “Summary Compensation Table” · page 44. As printed: 703,125. Filing ↗machine: r8 · c33 · span 527173–527180
6Section 03, William Brennan PSUDEF 14A2026-08-250001628280-26-058936Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
7Section 03, Daniel Fleming PSUDEF 14A2026-08-250001628280-26-058936Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
8Section 07, pay ratioDEF 14A2026-08-250001628280-26-058936Section “CEO Pay Ratio”. As printed: 123 : 1. Filing ↗
9Section 08, Fariba DaneshDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 720,925. Filing ↗
10Section 08, Brian KelleherDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 416,056. Filing ↗
11Section 08, Sylvia AcevedoDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 305,413. Filing ↗
12Section 08, Clyde HoseinDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 288,579. Filing ↗
13Section 08, Manpreet KhairaDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 286,288. Filing ↗
14Section 08, Pantas SutardjaDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 263,621. Filing ↗
15Section 08, Chi Fung (Lawrence) ChengDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 0. Filing ↗
16Section 08, Yat Tung (Job) LamDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 0. Filing ↗
17Section 08, William (Bill) BrennanDEF 14A2026-08-250001628280-26-058936Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2025 voteForm 8-K2025-10-160001628280-25-045208Item 5.07 · say-on-pay result. As reported: 94.09% (votes for as printed: 116,591,772). Filing ↗
19Section 06, 2024 voteForm 8-K2024-10-220001628280-24-043302Item 5.07 · say-on-pay result. As reported: 88.24% (votes for as printed: 105,986,101). Filing ↗
20Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
21Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
22Section 09b board cost (computed)ComputedcomputedCash 437,806 + equity 1,843,076 + all other 0 = 2,280,882, summed across the director compensation table rows.machine: formula: Σ = 2,280,882
23Microchip Technology Incorporated, Section 10b CEO totalDEF 14A2026-07-060000827054-26-000026CEO total compensation as printed in Microchip Technology Incorporated's own proxy. As printed: 40,501,951. Filing ↗machine: t107 · r2 · c23 · span 848747–848757
24Marvell Technology, Inc., Section 10b CEO totalDEF 14A2026-05-130001104659-26-060253CEO total compensation as printed in Marvell Technology, Inc.'s own proxy. As printed: 25,064,348. Filing ↗machine: t97 · r3 · c39 · span 1119290–1119300
25F5, Inc., Section 10b CEO totalDEF 14A2026-01-260001048695-26-000012CEO total compensation as printed in F5, Inc.'s own proxy. As printed: 23,039,819. Filing ↗machine: r3 · c8 · span 2148428–2148438
26Monolithic Power Systems, Inc., Section 10b CEO totalDEF 14A2026-04-300001437749-26-014084CEO total compensation as printed in Monolithic Power Systems, Inc.'s own proxy. As printed: 19,930,736. Filing ↗machine: r1 · c25 · span 663335–663345
27Trimble Inc., Section 10b CEO totalDEF 14A2026-04-090000864749-26-000042CEO total compensation as printed in Trimble Inc.'s own proxy. As printed: 19,129,944. Filing ↗machine: r3 · c30 · span 695230–695240
28Everpure, Inc., Section 10b CEO totalDEF 14A2026-05-010001474432-26-000041CEO total compensation as printed in Everpure, Inc.'s own proxy. As printed: 18,434,966. Filing ↗
29Keysight Technologies Inc, Section 10b CEO totalDEF 14A2026-01-260001140361-26-002381CEO total compensation as printed in Keysight Technologies Inc's own proxy. As printed: 18,020,109. Filing ↗machine: r2 · c28 · span 1994587–1994597
30ON Semiconductor Corporation, Section 10b CEO totalDEF 14A2026-04-020001097864-26-000010CEO total compensation as printed in ON Semiconductor Corporation's own proxy. As printed: 17,678,866. Filing ↗machine: r2 · c18 · span 779113–779123
31Credo Technology Group Holding Ltd (subject), Section 10b CEO totalDEF 14A2026-08-250001628280-26-058936CEO total compensation as printed in Credo Technology Group Holding Ltd's own proxy. As printed: 14,428,500. Filing ↗machine: r2 · c33 · span 515386–515396
32SiTime Corporation, Section 10b CEO totalDEF 14A2026-04-150001451809-26-000026CEO total compensation as printed in SiTime Corporation's own proxy. As printed: 14,261,046. Filing ↗machine: r2 · c42 · span 517107–517117
33Teradyne, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127504CEO total compensation as printed in Teradyne, Inc.'s own proxy. As printed: 14,107,588. Filing ↗machine: t91 · r2 · c32 · span 2057888–2057898
34MACOM Technology & Solutions Holdings, Inc., Section 10b CEO totalDEF 14A2026-01-160001493594-26-000007CEO total compensation as printed in MACOM Technology & Solutions Holdings, Inc.'s own proxy. As printed: 10,102,699. Filing ↗machine: r2 · c48 · span 359612–359622
35Rambus Inc., Section 10b CEO totalDEF 14A2026-03-060001193125-26-096458CEO total compensation as printed in Rambus Inc.'s own proxy. As printed: 9,507,546. Filing ↗machine: r2 · c25 · span 447500–447509
36Semtech Corporation, Section 10b CEO totalDEF 14A2026-04-210001140361-26-015949CEO total compensation as printed in Semtech Corporation's own proxy. As printed: 8,177,250. Filing ↗machine: r2 · c25 · span 1219054–1219063
37First Solar, Inc., Section 10b CEO totalDEF 14A2026-04-020001274494-26-000096CEO total compensation as printed in First Solar, Inc.'s own proxy. As printed: 8,138,605. Filing ↗machine: r2 · c36 · span 626954–626963
38Teledyne Technologies Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-104187CEO total compensation as printed in Teledyne Technologies Incorporated's own proxy. As printed: 4,255,049. Filing ↗machine: t364 · r3 · c31 · span 1147322–1147331
39Lattice Semiconductor Corporation, Section 10b CEO totalDEF 14A2026-03-180001140361-26-010150CEO total compensation as printed in Lattice Semiconductor Corporation's own proxy. As printed: 1,725,091. Filing ↗machine: r2 · c22 · span 1063749–1063758
40Ubiquiti Inc., Section 10b CEO totalDEF 14A2025-10-240001511737-25-000063CEO total compensation as printed in Ubiquiti Inc.'s own proxy. As printed: 630,709. Filing ↗machine: span 335209–335216
41Section 10a, Everpure, Inc. reciprocityDEF 14A0001474432-26-000041Everpure, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
42Section 10a, First Solar, Inc. reciprocityDEF 14A0001274494-26-000096First Solar, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
43Section 10a, Marvell Technology, Inc. reciprocityDEF 14A0001104659-26-060253Marvell Technology, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
44Section 10a, ON Semiconductor Corporation reciprocityDEF 14A0001097864-26-000010ON Semiconductor Corporation's most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
45Section 10a, Semtech Corporation reciprocityDEF 14A0001140361-26-015949Semtech Corporation names Credo Technology Group Holding Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
46Section 10a, Teradyne, Inc. reciprocityDEF 14A0001193125-26-127504Teradyne, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
47Section 10a, F5, Inc. reciprocityDEF 14A0001048695-26-000012F5, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
48Section 10a, Teledyne Technologies Incorporated reciprocityDEF 14A0001193125-26-104187Teledyne Technologies Incorporated's most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
49Section 10a, Lattice Semiconductor Corporation reciprocityDEF 14A0001140361-26-010150Lattice Semiconductor Corporation's most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
50Section 10a, MACOM Technology & Solutions Holdings, Inc. reciprocityDEF 14A0001493594-26-000007MACOM Technology & Solutions Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
51Section 10a, SiTime Corporation reciprocityDEF 14A0001451809-26-000026SiTime Corporation names Credo Technology Group Holding Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Microchip Technology Incorporated reciprocityDEF 14A0000827054-26-000026Microchip Technology Incorporated's most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗
53Section 10a, Rambus Inc. reciprocityDEF 14A0001193125-26-096458Rambus Inc. names Credo Technology Group Holding Ltd in its own disclosed peer group (read from its most recent proxy). Filing ↗
54Section 10a, Trimble Inc. reciprocityDEF 14A0000864749-26-000042Trimble Inc.'s most recent proxy was read; its disclosed peer group does not include Credo Technology Group Holding Ltd. Filing ↗