Companies Lantronix
Lantronix (LTRX): executive pay, fiscal 2026
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me Lantronix’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO vs. named peers47th pct.Of 18 peer CEOs
CEO pay, last three years
- $6,086,293FY2024
- $1,442,375FY2025
- $2,115,193FY2026
CEO total pay was $2,115,193 in fiscal 2026, up from $1,442,375 in fiscal 2025.
FY2026: salary $500,000 · bonus $0 · stock awards $1,208,488 · option awards $0
Executives and directors
Kurt Hoff · Chief Revenue OfficerMathi Gurusamy · ExecutiveSaleel Awsare · CEOChrista Steele · Independent DirectorJason W. Cohenour · Independent DirectorNarbeh Derhacobian · Independent DirectorPhilip G. Brace · Former director (through FY2025)Phu Hoang · Independent DirectorSailesh Chittipeddi · Independent Director
Frequently asked questions
Who was the highest-paid executive at Lantronix in fiscal 2026?
As disclosed, Saleel Awsare (Chief Executive Officer) was the highest-paid executive at Lantronix in fiscal 2026, with total compensation of $2,115,193.
How does Lantronix's chief executive pay compare to its disclosed peer group?
As disclosed, Saleel Awsare's total compensation ranked at the 47th percentile of Lantronix's disclosed peer group.
How did shareholders vote on Lantronix's executive compensation?
As disclosed, 93.95% of shareholders supported Lantronix's executive compensation in the latest say-on-pay vote.
How much does Lantronix spend in total on board compensation for fiscal 2026?
As disclosed, Lantronix reported total board compensation of $761,962 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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Saleel Awsare | $500,000 | $0 | $1,208,488 | $0 | $400,000 | $0 | $6,705 | $2,115,193 |
| Chief Executive Officer | ||||||||
| Brent Stringham | 340,500 | 100,000 | 717,879 | 0 | 150,000 | 0 | 5,136 | 1,313,515 |
| Chief Financial Officer | ||||||||
| Mathi Gurusamy | 375,000 | 0 | 596,194 | 0 | 150,000 | 0 | 5,738 | 1,126,932 |
| Chief Product & Strategy 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 officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Saleel Awsare | $2,115,193 | $1,442,375 | $6,086,293 | ↑ +672,818 |
| Brent Stringham | 1,313,515 | — | — | — |
| Mathi Gurusamy | 1,126,932 | 698,303 | 856,297 | ↑ +428,629 |
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 program is designed to drive behavior that aligns executive pay with stockholder interests through pay-for-performance outcomes consistent with the company’s transformation and growth strategy, at levels that allow us to attract and retain high quality talent. Our executive compensation philosophy reflects a combination of rigorous performance goals and short- and long-term incentive opportunities.
| CEO STI target (% of salary) | 100% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Compensation Strategies, Inc. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Brent Stringham | PSU | — | — | 51,167 | — | — | — |
| Saleel Awsare | PSU | — | — | 86,136 | — | — | — |
| Mathi Gurusamy | RSU | — | — | — | 84,989 | — | — |
| Brent Stringham | RSU | — | — | — | 102,336 | — | — |
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 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Brent Stringham | RSU | 551 | — | $3,240 |
| Mathi Gurusamy | PSU | 6,668 | — | 39,210 |
| Mathi Gurusamy | RSU | 13,338 | — | 78,427 |
| Brent Stringham | RSU | 16,117 | — | 94,768 |
| Mathi Gurusamy | PSU | 20,005 | — | 117,629 |
| Saleel Awsare | PSU | 23,298 | — | 136,992 |
| Saleel Awsare | RSU | 23,300 | — | 137,004 |
| Mathi Gurusamy | RSU | 31,899 | — | 187,566 |
| Mathi Gurusamy | RSU | 42,494 | — | 216,960 |
| Mathi Gurusamy | PSU | 42,494 | — | 249,865 |
| Brent Stringham | RSU | 51,167 | — | 261,243 |
| Brent Stringham | PSU | 51,167 | — | 300,862 |
| Mathi Gurusamy | PSU | 66,248 | — | 389,538 |
| Saleel Awsare | PSU | 69,894 | — | 410,977 |
| Mathi Gurusamy | RSU | 84,989 | — | 499,735 |
| Saleel Awsare | RSU | 86,136 | — | 439,783 |
| Saleel Awsare | PSU | 86,136 | — | 506,480 |
| Brent Stringham | RSU | 102,336 | — | 601,736 |
| Saleel Awsare | RSU | 156,752 | — | 921,702 |
| Saleel Awsare | RSU | 172,272 | — | 1,012,959 |
| Saleel Awsare | PSU | 223,931 | — | 1,316,714 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Hoshi PrinterIndependent · Board Chair · Audit Committee (Chair) · Not standing for re-election | $103,000 | $79,597 | $0 | — | $0 | $182,597 |
| James AukerIndependent · Audit Committee · Not standing for re-election | 50,000 | 110,135 | 0 | — | 1,430 | 161,565 |
| Kevin PalatnikIndependent · Audit Committee · Compensation Committee (Chair) · Corporate Governance and Nominating Committee | 62,500 | 79,597 | 0 | — | 2,997 | 145,095 |
| Sailesh ChittipeddiIndependent · Compensation Committee · Corporate Governance and Nominating Committee (Chair) | 57,500 | 79,597 | 0 | — | 3,547 | 140,645 |
| Narbeh DerhacobianIndependent · Compensation Committee · Corporate Governance and Nominating Committee | 50,000 | 79,597 | 0 | — | 2,465 | 132,062 |
Board fee structure and ownership guideline
| Annual cash retainer | $50,000 |
|---|---|
| Annual equity retainer | $75,000 |
| Per board meeting fee | $1,000 |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 10,000 / 10,000 |
| Stock ownership guideline | $3 |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $323,000 |
| Equity awards (grant-date value) | $428,523 |
| All other compensation | $10,439 |
| Total cost of the board | $761,962 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Lantronix as a peer
Companies that benchmark against LTRX
6 companies name LTRX as a compensation peer
The list of companies that name LTRX as a peer is temporarily unavailable — recheck shortly.
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.
FEIM Frequency Electronics, Inc.OOMA Ooma, Inc.BKTI BK Technologies CorporationAIOT PowerFleet, Inc.LPTH LightPath Technologies, Inc.KVHI KVH Industries, Inc. DNA X, Inc.INVE Identiv, Inc.INSG Inseego Corp.AIRG Airgain, Inc.MITK Mitek Systems, Inc.AVNW Aviat Networks, Inc.NSSC Napco Security Technologies, Inc.OSS One Stop Systems, Inc.CTLP Cantaloupe, Inc.SMSI Smith Micro Software, Inc.CLFD Clearfield, Inc.DGII Digi International Inc.
Peer reciprocity
The companies Lantronix 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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | LightPath Technologies, Inc. | 2026 | Shmuel Rubin | $421,734 | $4,038,007 | $11,050,936 | $15,000 | $15,824,493 |
| 2 | Inseego Corp. | 2025 | Juho Sarvikas | 480,769 | 4,578,311 | 6,685,850 | 0 | 11,988,776 |
| 3 | Mitek Systems, Inc. | 2025 | Edward H. West | 500,000 | 7,902,361 | 0 | 761,500 | 9,414,057 |
| 4 | Ooma, Inc. | 2026 | Eric Stang | 619,551 | 3,852,800 | 0 | 500,000 | 5,028,580 |
| 5 | Digi International Inc. | 2025 | Ronald Konezny | 583,846 | 3,454,324 | 0 | 949,179 | 5,002,124 |
| 6 | Aviat Networks, Inc. | 2026 | Peter Smith | 650,000 | 3,559,276 | 0 | 196,563 | 4,417,472 |
| 7 | BK Technologies Corporation | 2025 | John Suzuki | 392,442 | 0 | 2,799,998 | 221,487 | 3,431,787 |
| 8 | Frequency Electronics, Inc. | 2026 | Thomas McClelland | 366,833 | 2,629,000 | 0 | 0 | 3,259,827 |
| 9 | PowerFleet, Inc. | 2026 | Steve Towe | 555,778 | 1,469,007 | 0 | 110,044 | 2,134,829 |
| 10 | Lantronix | 2026 | Saleel Awsare | 500,000 | 1,208,488 | 0 | 400,000 | 2,115,193 |
| 11 | Identiv, Inc. | 2024 | Kirsten Newquist | 284,872 | 1,674,000 | 0 | 75,000 | 2,101,455 |
| 12 | Clearfield, Inc. | 2025 | Cheryl Beranek | 460,000 | 999,986 | 0 | 131,511 | 1,613,404 |
| 13 | Napco Security Technologies, Inc. | 2026 | Richard Soloway | 998,452 | 0 | 0 | 0 | 1,463,985 |
| 14 | KVH Industries, Inc. | 2025 | Brent Bruun | 538,810 | 0 | 425,840 | 485,185 | 1,461,335 |
| 15 | Airgain, Inc. | 2025 | Jacob Suen | 450,000 | 382,814 | 169,210 | 103,125 | 1,119,149 |
| 16 | One Stop Systems, Inc. | 2025 | Mike Knowles | 490,334 | 588,699 | 0 | 0 | 1,102,629 |
| 17 | Smith Micro Software, Inc. | 2025 | William Smith, Jr. | 450,000 | 516,675 | 0 | — | 984,096 |
| 18 | Cantaloupe, Inc. | 2025 | Ravi Venkatesan | 450,000 | 172,238 | 0 | 0 | 957,707 |
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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Lantronix | 80% | PSU 50 · RSU 50 | Yes — Relative TSR | Compensation Strategies, Inc. |
| Airgain, Inc. | not disclosed | RSU 60 · Option 40 | not disclosed | not disclosed |
| Aviat Networks, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Compensia |
| BK Technologies Corporation | not disclosed | not disclosed | not disclosed | Compensation Advisory Partners LLC |
| Cantaloupe, Inc. | 71.8% | RSU 100 | not disclosed | Aon Human Capital Solutions (McLagan) |
| Clearfield, Inc. | 29% | RSU 50 · PSU 50 | No | Compensia |
| Digi International Inc. | 147% | RSU 50 · PSU 50 | Yes — TSR vs Russell 2000 Index | Radford Consulting (AON) |
| Frequency Electronics, Inc. | not disclosed | not disclosed | not disclosed | Grant Thornton |
| Identiv, Inc. | not disclosed | not disclosed | No | not disclosed |
| Inseego Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| KVH Industries, Inc. | not disclosed | Options 100 | not disclosed | Compensia |
| LightPath Technologies, Inc. | not disclosed | RSU 50 · TSR Award 50 | not disclosed | not disclosed |
| Mitek Systems, Inc. | 152.3% | PSU 80 · RSU 20 | No | Frederic W. Cook & Company, Inc. |
| Napco Security Technologies, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| One Stop Systems, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Ooma, Inc. | 80% | RSU 100 | not disclosed | Compensia Inc. |
| PowerFleet, Inc. | not disclosed | PSU 66.7 · RSU 33.3 | not disclosed | Frederic W. Cook & Co., Inc. |
| Smith Micro Software, Inc. | not disclosed | RSU 100 | No | not disclosed |
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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-11-04 | 19,700,633 | 1,269,494 | 151,328 | 93.95% | Passed |
| 2024 | 2024-11-05 | 16,529,754 | 2,486,102 | 517,067 | 86.93% | Passed |
| 2023 | 2023-11-07 | 16,520,449 | 2,335,810 | 76,888 | 87.61% | Passed |
| 2022 | 2022-11-08 | 19,507,091 | 84,159 | 209,177 | 99.57% | Passed |
| 2021 | 2021-11-09 | 13,556,715 | 62,539 | 89,487 | 99.54% | Passed |
| 2020 | 2020-11-03 | 11,307,343 | 1,837,985 | 131,665 | 86.02% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-11-04 | 93.95%a |
| 2024 | 2024-11-05 | 86.93%b |
| 2023 | 2023-11-07 | 87.61%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (38 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, Saleel Awsare. DEF 14A, filed 2026-09-22. Section “Executive Compensation” · page 42. As printed: 2,115,193. View filing ↗
- Section 01, Brent Stringham. DEF 14A, filed 2026-09-22. Section “Executive Compensation”. As printed: 1,313,515. View filing ↗
- Section 01, Mathi Gurusamy. DEF 14A, filed 2026-09-22. Section “Executive Compensation”. As printed: 1,126,932. View filing ↗
- Section 03, Brent Stringham PSU. DEF 14A, filed 2026-09-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Saleel Awsare PSU. DEF 14A, filed 2026-09-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Mathi Gurusamy RSU. DEF 14A, filed 2026-09-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Brent Stringham RSU. DEF 14A, filed 2026-09-22. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Hoshi Printer. DEF 14A, filed 2026-09-22. Section “Director Compensation”. As printed: 182,597. View filing ↗
- Section 08, James Auker. DEF 14A, filed 2026-09-22. Section “Director Compensation”. As printed: 161,565. View filing ↗
- Section 08, Kevin Palatnik. DEF 14A, filed 2026-09-22. Section “Director Compensation”. As printed: 145,095. View filing ↗
- Section 08, Sailesh Chittipeddi. DEF 14A, filed 2026-09-22. Section “Director Compensation”. As printed: 140,645. View filing ↗
- Section 08, Narbeh Derhacobian. DEF 14A, filed 2026-09-22. Section “Director Compensation”. As printed: 132,062. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-11-06. Item 5.07 · say-on-pay result. As reported: 93.95% (votes for as printed: 19,700,633). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-11-06. Item 5.07 · say-on-pay result. As reported: 86.93% (votes for as printed: 16,529,754). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-11-07. Item 5.07 · say-on-pay result. As reported: 87.61% (votes for as printed: 16,520,449). 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 323,000 + equity 428,523 + all other 10,439 = 761,962, summed across the director compensation table rows.
- LightPath Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-26. CEO total compensation as printed in LightPath Technologies, Inc.'s own proxy. As printed: 15,824,493. 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 ↗
- Mitek Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-26. CEO total compensation as printed in Mitek Systems, Inc.'s own proxy. As printed: 9,414,057. View filing ↗
- Ooma, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in Ooma, Inc.'s own proxy. As printed: 5,028,580. 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 ↗
- 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 ↗
- BK Technologies Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in BK Technologies Corporation's own proxy. As printed: 3,431,787. View filing ↗
- Frequency Electronics, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-28. CEO total compensation as printed in Frequency Electronics, Inc.'s own proxy. As printed: 3,259,827. View filing ↗
- PowerFleet, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-29. CEO total compensation as printed in PowerFleet, Inc.'s own proxy. As printed: 2,134,829. View filing ↗
- Lantronix (subject), Section 10b CEO total. DEF 14A, filed 2026-09-22. CEO total compensation as printed in Lantronix's own proxy. As printed: 2,115,193. View filing ↗
- Identiv, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-30. CEO total compensation as printed in Identiv, Inc.'s own proxy. As printed: 2,101,455. View filing ↗
- Clearfield, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-15. CEO total compensation as printed in Clearfield, Inc.'s own proxy. As printed: 1,613,404. View filing ↗
- Napco Security Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-28. CEO total compensation as printed in Napco Security Technologies, Inc.'s own proxy. As printed: 1,463,985. View filing ↗
- KVH Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in KVH Industries, Inc.'s own proxy. As printed: 1,461,335. View filing ↗
- Airgain, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Airgain, Inc.'s own proxy. As printed: 1,119,149. View filing ↗
- One Stop Systems, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-15. CEO total compensation as printed in One Stop Systems, Inc.'s own proxy. As printed: 1,102,629. View filing ↗
- Smith Micro Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Smith Micro Software, Inc.'s own proxy. As printed: 984,096. View filing ↗
- Cantaloupe, Inc., Section 10b CEO total. DEF 14A, filed 2025-10-10. CEO total compensation as printed in Cantaloupe, Inc.'s own proxy. As printed: 957,707. View filing ↗
- Section 10a, PowerFleet, Inc. reciprocity. DEF 14A. PowerFleet, Inc. names Lantronix in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, LightPath Technologies, Inc. reciprocity. DEF 14A. LightPath Technologies, Inc. names Lantronix in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Clearfield, Inc. reciprocity. DEF 14A. Clearfield, Inc. names Lantronix in its own disclosed peer group (read from its most recent proxy). View filing ↗