Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-14

Mercury Systems (MRCY)

Fiscal year 2025 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.

$10,229,945
William Ballhaus total, FY2025
68th
CEO pay percentile vs peers
91:1
CEO-to-median pay ratio
95.5%
Say-on-pay support, latest vote
Companies that benchmark against MRCY
13 companies name MRCY as a compensation peer

Each company listed discloses MRCY 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 MRCY 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Ballhaus$974,115$0$7,553,696$0$1,669,134$0$33,000$10,229,945
Chairman, President and Chief Executive Officer
David Farnsworth459,86503,088,4610577,150033,1054,158,581
EVP and Chief Financial Officer
Charles Wells373,15402,560,28900029,0182,962,461
Former EVP and Chief Operating Officer
Stuart Kupinsky459,86501,512,8160524,682038,2972,535,660
EVP, Chief Legal Officer and Corporate Secretary
Steven Ratner447,34701,420,6790510,400032,1852,410,611
EVP and Chief Human Resources 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
William Ballhaus$10,229,945$22,422,508$255,967−12,192,563
David Farnsworth4,158,5815,522,815−1,364,234
Charles Wells2,962,4612,332,750661,729+629,711
Stuart Kupinsky2,535,6601,824,770+710,890
Steven Ratner2,410,6111,370,876+1,039,735

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

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Douglas MunroVP, CAO2025-09-16D67$73$4,918CommonForm 4 ↗
Barry R. NearhosDirector2025-10-16A48700CommonForm 4 ↗
Barry R. NearhosDirector2025-10-22A2,36200CommonForm 4 ↗
Jean BuaDirector2025-10-22A2,36200CommonForm 4 ↗
Howard L. LanceDirector2025-10-22A2,36200CommonForm 4 ↗
Debora A. PlunkettDirector2025-10-22A2,36200CommonForm 4 ↗
Orlando P. CarvalhoDirector2025-10-22A2,36200CommonForm 4 ↗
JANA Partners Management, LPDirector2025-10-22A2,36200CommonForm 4 ↗
Lisa S. DisbrowDirector2025-10-22A2,36200CommonForm 4 ↗
Gerard J. DeMuroDirector2025-10-22A2,36200CommonForm 4 ↗
JANA Partners Management, LPDirector2025-11-06D1,000,0007575,450,000CommonForm 4 ↗
Debora A. PlunkettDirector2025-11-07D1,70074125,784CommonForm 4 ↗
Douglas MunroSVP, CAO2025-11-12D1,3297397,570CommonForm 4 ↗
Barry R. NearhosDirector2026-01-15A47400CommonForm 4 ↗
JANA Partners Management, LPDirector2026-02-09D400,0008132,400,000CommonForm 4 ↗
Stuart KupinskyEVP, CLO & Corp Sec2026-02-17D2,28784191,091CommonForm 4 ↗
Douglas MunroSVP, CAO2026-02-17D5828448,629CommonForm 4 ↗
Howard L. LanceDirector2026-02-25D4,83289429,960CommonForm 4 ↗
JANA Partners Management, LPDirector2026-03-02D100,899909,048,622CommonForm 4 ↗
JANA Partners Management, LPDirector2026-03-02D168,6489015,198,558CommonForm 4 ↗
JANA Partners Management, LPDirector2026-03-02D182,5109417,165,066CommonForm 4 ↗
Steven RatnerEVP, CHRO2026-03-16A43700CommonForm 4 ↗
David FarnsworthEVP, CFO2026-04-16D3,62585307,661CommonForm 4 ↗
Barry R. NearhosDirector2026-04-16A24500CommonForm 4 ↗
Steven RatnerEVP, CHRO2026-05-11D2,00092184,920CommonForm 4 ↗
Orlando P. CarvalhoDirector2026-05-12D7,00089625,527CommonForm 4 ↗
Howard L. LanceDirector2026-05-26D8,000100799,620CommonForm 4 ↗
Howard L. LanceDirector2026-05-26D1,25098123,124CommonForm 4 ↗
Barry R. NearhosDirector2026-07-16A17000CommonForm 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.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William BallhausRSU2024-08-1569,006$2,768,521
Stuart KupinskyRSU2024-08-1515,657628,159
Charles WellsRSU2024-08-1526,0951,046,931
Charles WellsPSU2024-12-2396638,930
David FarnsworthRSU2024-08-1520,876837,545
William BallhausPSU2024-08-158242425,877
David FarnsworthRSU2025-04-1522,3061,071,357
Steven RatnerRSU2024-08-1514,352575,802
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Ballhaus$2,768,521$25,877$00.9%
Stuart Kupinsky628,159000.0%
Charles Wells1,046,93138,93003.6%
David Farnsworth1,908,902000.0%
Steven Ratner575,802000.0%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David FarnsworthRSU20,876$1,114,987
William BallhausOption233,50042
William BallhausRSU69,0063,685,610
William BallhausOption233,50046
William BallhausOption233,50049
William BallhausRSU82,0344,381,436
William BallhausPSU23,2431,241,409
David FarnsworthPSU10,254547,666
Stuart KupinskyPSU6,814363,936
Steven RatnerRSU70637,717
David FarnsworthRSU27,3441,460,443
Stuart KupinskyRSU14,866793,993
Steven RatnerRSU14,352766,540
David FarnsworthPSU5,640301,232
David FarnsworthPSU57,4093,066,215
William BallhausOption233,50043
Steven RatnerRSU9,263487,635
Steven RatnerPSU2,632140,575
Steven RatnerPSU39,4672,107,932
David FarnsworthRSU12,305657,210
William BallhausPSU232,89312,438,815
Stuart KupinskyPSU43,0562,299,621
William BallhausRSU42,8392,288,031
David FarnsworthRSU22,3061,191,363
Stuart KupinskyRSU15,657836,240
Steven RatnerRSU5,742306,680
05

Incentive-plan design — the Compensation Discussion & Analysis

As part of our results-oriented culture, we emphasize performance through smaller, integrated teams because we believe they promote agility, innovation, efficiency, collaboration and accountability, fostering better decision making and optimizing outcomes. To attract and retain top talent capable of thriving in this high-performance, high-contribution environment, we believe it is appropriate to consider a full array of market data from the market 25th through 75th percentile pay levels as reference points in making executive pay decisions.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-10-2252,430,0292,468,65535,62595.5%Passed
20242024-10-2338,372,22315,351,270278,85071.43%Passed
20232023-10-2551,583,2481,458,34070,18197.25%Passed
20222022-10-269,724,22339,364,9092,214,45219.81%Failed
20212021-10-2748,127,103728,559271,56798.51%Passed
20202020-11-0251,038,263367,28428,55099.29%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
20252025-10-2295.5%a
20242024-10-2371.43%b
20232023-10-2597.25%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes, which are described above, will have no effect on the outcome of voting on these matters.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes, which are described above, will have no effect on the outcome of voting on these matters.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes, which are described above, will have no effect on the outcome of voting on these matters.”.

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)91 : 1
CEO total compensation$10,229,945
Median employee compensation$112,956
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Barry R. NearhosIndependent · Lead Independent Director · Audit (Chair) · Nominating & Governance (Chair)$137,000$163,322$0$0$0$300,322
Jean BuaIndependent · Audit · Government Relations · Newly elected32,500233,770000266,270
Howard L. LanceIndependent · Human Capital & Compensation (Chair) · M&A and Finance · Nominating & Governance85,000163,322000248,322
Lisa S. DisbrowIndependent · Audit · Government Relations (Chair) · Human Capital & Compensation77,000163,322000240,322
Orlando P. CarvalhoIndependent · Human Capital & Compensation · M&A and Finance (Chair)77,000163,322000240,322
Gerard J. DeMuroIndependent · Government Relations · M&A and Finance65,000163,322000228,322
Debora A. PlunkettIndependent · Audit · Nominating & Governance · Government Relations65,000163,322000228,322
Roger A. KroneIndependent · Audit · M&A and Finance · Departed during FY48,75000048,750
Scott OstfeldIndependent · Human Capital & Compensation · M&A and Finance000000
William L. BallhausEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$163,322
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)45,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$587,250
Equity awards (grant-date value)$1,213,702
All other compensation$0
Total cost of the board$1,800,952

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

10

Disclosed peer group — fiscal year 2025

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 Mercury 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 Mercury Systems.

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
1RBC Bearings Incorporated2026Michael Hartnett$1,545,000$16,086,450$0$3,090,000$20,912,354
2BWX Technologies, Inc.2025Rex Geveden1,100,0006,736,9285,333,2422,110,00015,742,833
3AeroVironment, Inc.2026Wahid Nawabi1,118,82913,339,7150767,60915,253,775
4Viasat, Inc.2026Mark Dankberg1,406,53810,305,39002,450,00014,208,178
5Curtiss-Wright Corporation2025Lynn Bamford1,100,0005,720,00005,139,70014,135,280
6Kratos Defense & Security Solutions, Inc.2025Eric DeMarco1,000,0008,244,00001,500,00010,832,739
7Mercury Systems2025William Ballhaus974,1157,553,69601,669,13410,229,945
8MACOM Technology Solutions Holdings, Inc.2025Stephen Daly815,0008,147,39201,138,16510,102,699
9Novanta Inc.2025Matthijs Glastra863,0398,275,5350854,47910,042,292
10Leonardo DRS, Inc.2025William Lynn III1,157,2494,846,53202,126,5008,224,992
11Onto Innovation Inc.2025Michael Plisinski762,4616,428,6790611,0027,813,551
12Belden Inc.2025Ashish Chand1,025,0005,341,96201,149,0947,648,088
13OSI Systems, Inc.2025Ajay Mehra621,4485,269,72001,500,0007,512,141
14Infinera Corporation2023David Heard729,0005,137,5000791,1636,663,648
15FormFactor, Inc.2025Michael Slessor664,6154,398,7700406,0355,481,644
16Axcelis Technologies, Inc.2025Russell Low608,6543,852,7010627,5225,100,394
17Diodes Incorporated2025Gary Yu700,2192,722,4230878,3594,331,731
18Kaman Corporation2022Ian Walsh781,2742,290,4080258,4003,553,792
19Rogers Corporation2025Ali El-Haj558,8881,582,485002,504,583
203D Systems Corporation2025Jeffrey Graves849,800629,750001,487,950
iRobot Corporationnot 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Mercury Systems113.2%PSU 60 · RSU 40NoMeridian Compensation Partners
3D Systems Corporationnot disclosedPSU 50 · RSU 50Yes — Absolute TSR (aTSR)Meridian Compensation Partners, LLC
AeroVironment, Inc.62%PSU 65 · RSU 35NoPay Governance
Axcelis Technologies, Inc.103.1%RSU 50 · PSU 50NoPearl Meyer
Belden Inc.85%PSU 50 · RSU 50NoMeridian Compensation Partners LLC
BWX Technologies, Inc.153.5%PSU 60 · RSU 20 · Options 20NoExequity
Curtiss-Wright Corporation179%PSU 40 · Cash LTI 30 · RSU 30Yes — Three-year relative TSR against the peer groupFrederic W. Cook & Co., Inc.
Diodes Incorporated105%PSU 50 · RSU 50NoPay Governance LLC
FormFactor, Inc.61.8%PSU 50 · RSU 50Yes — Total Shareholder Return (TSR)Aon's Human Capital Solutions practice
Infinera Corporation83.5%PSU 55 · RSU 45NoCompensia
iRobot Corporationnot disclosednot disclosednot disclosednot disclosed
Kaman Corporation32.3%not disclosedYes — Total Shareholder Return (TSR)Pay Governance LLC
Kratos Defense & Security Solutions, Inc.not disclosedRSU 50 · PSU 50NoBoard Advisory, LLC
Leonardo DRS, Inc.153%RSU 50 · PSU 50NoExequity
MACOM Technology Solutions Holdings, Inc.103.5%PSU 82 · RSU 18Yes — Relative TSRPearl Meyer & Partners, LLC
Novanta Inc.65.3%PSU 70 · RSU 30NoAon
Onto Innovation Inc.not disclosednot disclosednot disclosedCompensia, Inc.
OSI Systems, Inc.not disclosedPSU 100NoPearl Meyer
RBC Bearings Incorporated200%RSU 100Yes — Trailing Five-Year TSR vs. Peer Group Average (future three-year periods ending fiscal 2027+)not disclosed
Rogers Corporation5.94%PSU 60 · RSU 40NoCompensia
Viasat, Inc.121%RSU 50 · PSU 25 · Cash LTI 25Yes — Relative Total Shareholder Return (TSR) vs. Russell 3000 IndexCompensia

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.

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 BallhausDEF 14A2025-09-100001049521-25-000029Section “Summary Compensation Table”. As printed: 10,229,945. Filing ↗machine: t51 · r4 · c26 · span 817842–817852
2Section 01, David FarnsworthDEF 14A2025-09-100001049521-25-000029Section “Summary Compensation Table”. As printed: 4,158,581. Filing ↗machine: r7 · c48 · span 827457–827466
3Section 01, Charles WellsDEF 14A2025-09-100001049521-25-000029Section “Summary Compensation Table”. As printed: 2,962,461. Filing ↗machine: r18 · c48 · span 854827–854836
4Section 01, Stuart KupinskyDEF 14A2025-09-100001049521-25-000029Section “Summary Compensation Table”. As printed: 2,535,660. Filing ↗machine: r10 · c48 · span 835805–835814
5Section 01, Steven RatnerDEF 14A2025-09-100001049521-25-000029Section “Summary Compensation Table”. As printed: 2,410,611. Filing ↗machine: t51 · r13 · c22 · span 843848–843857
6Section 03, William Ballhaus RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r7 · c23 · span 908322–908331
7Section 03, Stuart Kupinsky RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r16 · c23 · span 930614–930621
8Section 03, Charles Wells RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Charles Wells PSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
10Section 03, David Farnsworth RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r11 · c23 · span 918767–918774
11Section 03, William Ballhaus PSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r6 · c13 · span 905128–905134
12Section 03, David Farnsworth RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t53 · r12 · c23 · span 921524–921533
13Section 03, Steven Ratner RSUDEF 14A2025-09-100001049521-25-000029Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t54 · r20 · c10 · span 1016867–1016873
14Section 07, pay ratioDEF 14A2025-09-100001049521-25-000029Section “CEO Pay Ratio”. As printed: 91 : 1. Filing ↗machine: span 1140709–1140711
15Section 08, Barry R. NearhosDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 300,322. Filing ↗machine: t21 · r8 · c8 · span 396635–396642
16Section 08, Jean BuaDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 266,270. Filing ↗machine: t21 · r2 · c11 · span 387712–387719
17Section 08, Howard L. LanceDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 248,322. Filing ↗machine: t21 · r7 · c8 · span 395149–395156
18Section 08, Lisa S. DisbrowDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 240,322. Filing ↗machine: t21 · r5 · c8 · span 392189–392196
19Section 08, Orlando P. CarvalhoDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 240,322. Filing ↗machine: t21 · r3 · c8 · span 389226–389233
20Section 08, Gerard J. DeMuroDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 228,322. Filing ↗machine: t21 · r4 · c8 · span 390708–390715
21Section 08, Debora A. PlunkettDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 228,322. Filing ↗machine: t21 · r10 · c8 · span 399600–399607
22Section 08, Roger A. KroneDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 48,750. Filing ↗machine: t21 · r6 · c2 · span 392850–392856
23Section 08, Scott OstfeldDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 0. Filing ↗
24Section 08, William L. BallhausDEF 14A2025-09-100001049521-25-000029Section “Director Compensation”. As printed: 0. Filing ↗
25Section 02, Douglas Munro 2025-09-16Form 42025-09-170001049521-25-000038Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Barry R. Nearhos 2025-10-16Form 42025-10-200001049521-25-000042Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Barry R. Nearhos 2025-10-22Form 42025-10-240001049521-25-000048Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Jean Bua 2025-10-22Form 42025-10-240001049521-25-000056Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Howard L. Lance 2025-10-22Form 42025-10-240001049521-25-000047Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Debora A. Plunkett 2025-10-22Form 42025-10-240001049521-25-000052Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Orlando P. Carvalho 2025-10-22Form 42025-10-240001049521-25-000046Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, JANA Partners Management, LP 2025-10-22Form 42025-10-240000902664-25-004562Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Lisa S. Disbrow 2025-10-22Form 42025-10-240001049521-25-000045Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Gerard J. DeMuro 2025-10-22Form 42025-10-240001049521-25-000049Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, JANA Partners Management, LP 2025-11-06Form 42025-11-100000902664-25-004829Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Debora A. Plunkett 2025-11-07Form 42025-11-100001049521-25-000071Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Douglas Munro 2025-11-12Form 42025-11-130001049521-25-000072Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Barry R. Nearhos 2026-01-15Form 42026-01-200001049521-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, JANA Partners Management, LP 2026-02-09Form 42026-02-110000902664-26-000878Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Stuart Kupinsky 2026-02-17Form 42026-02-190001049521-26-000011Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Douglas Munro 2026-02-17Form 42026-02-190001049521-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Howard L. Lance 2026-02-25Form 42026-02-270001049521-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, JANA Partners Management, LP 2026-03-02Form 42026-03-040000902664-26-001432Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, JANA Partners Management, LP 2026-03-02Form 42026-03-040000902664-26-001432Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, JANA Partners Management, LP 2026-03-02Form 42026-03-040000902664-26-001432Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Steven Ratner 2026-03-16Form 42026-03-180001049521-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, David Farnsworth 2026-04-16Form 42026-04-170001049521-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Barry R. Nearhos 2026-04-16Form 42026-04-170001049521-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Steven Ratner 2026-05-11Form 42026-05-120001049521-26-000026Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Orlando P. Carvalho 2026-05-12Form 42026-05-130001049521-26-000028Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Howard L. Lance 2026-05-26Form 42026-05-270001049521-26-000030Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Howard L. Lance 2026-05-26Form 42026-05-270001049521-26-000030Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Barry R. Nearhos 2026-07-16Form 42026-07-200001049521-26-000034Insider equity transaction reported since the proxy statement. Filing ↗
54Section 06, 2025 voteForm 8-K2025-10-280001049521-25-000057Item 5.07 · say-on-pay result. As reported: 95.5% (votes for as printed: 52,430,029). Filing ↗
55Section 06, 2024 voteForm 8-K2024-10-280001049521-24-000039Item 5.07 · say-on-pay result. As reported: 71.43% (votes for as printed: 38,372,223). Filing ↗
56Section 06, 2023 voteForm 8-K2023-10-310001049521-23-000043Item 5.07 · say-on-pay result. As reported: 97.25% (votes for as printed: 51,583,248.00). Filing ↗
57Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
58Section 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
59Section 09b board cost (computed)ComputedcomputedCash 587,250 + equity 1,213,702 + all other 0 = 1,800,952, summed across the director compensation table rows.machine: formula: Σ = 1,800,952
60RBC Bearings Incorporated, Section 10b CEO totalDEF 14A2026-07-240001140361-26-029594CEO total compensation as printed in RBC Bearings Incorporated's own proxy. As printed: 20,912,354. Filing ↗machine: r2 · c25 · span 992933–992943
61BWX Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-180001486957-26-000021CEO total compensation as printed in BWX Technologies, Inc.'s own proxy. As printed: 15,742,833. Filing ↗machine: span 897711–897721
62AeroVironment, Inc., Section 10b CEO totalDEF 14A2026-08-140001104659-26-096689CEO total compensation as printed in AeroVironment, Inc.'s own proxy. As printed: 15,253,775. Filing ↗machine: t127 · r1 · c42 · span 1424713–1424723
63Viasat, Inc., Section 10b CEO totalDEF 14A2026-07-270001193125-26-318060CEO total compensation as printed in Viasat, Inc.'s own proxy. As printed: 14,208,178. Filing ↗machine: r2 · c39 · span 764367–764377
64Curtiss-Wright Corporation, Section 10b CEO totalDEF 14A2026-03-260000930413-26-000878CEO total compensation as printed in Curtiss-Wright Corporation's own proxy. As printed: 14,135,280. Filing ↗machine: t229 · r3 · c41 · span 584197–584207
65Kratos Defense & Security Solutions, Inc., Section 10b CEO totalDEF 14A2026-04-020001069258-26-000040CEO total compensation as printed in Kratos Defense & Security Solutions, Inc.'s own proxy. As printed: 10,832,739. Filing ↗machine: span 783149–783159
66Mercury Systems (subject), Section 10b CEO totalDEF 14A2025-09-100001049521-25-000029CEO total compensation as printed in Mercury Systems's own proxy. As printed: 10,229,945. Filing ↗machine: t51 · r4 · c26 · span 817842–817852
67MACOM 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
68Novanta Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-175367CEO total compensation as printed in Novanta Inc.'s own proxy. As printed: 10,042,292. Filing ↗machine: r2 · c8 · span 950118–950128
69Leonardo DRS, Inc., Section 10b CEO totalDEF 14A2026-04-030001833756-26-000019CEO total compensation as printed in Leonardo DRS, Inc.'s own proxy. As printed: 8,224,992. Filing ↗machine: t120 · r5 · c20 · span 845349–845358
70Onto Innovation Inc., Section 10b CEO totalDEF 14A2026-04-060001193125-26-143699CEO total compensation as printed in Onto Innovation Inc.'s own proxy. As printed: 7,813,551. Filing ↗machine: t94 · r2 · c7 · span 833042–833051
71Belden Inc., Section 10b CEO totalDEF 14A2026-04-090000913142-26-000011CEO total compensation as printed in Belden Inc.'s own proxy. As printed: 7,648,088. Filing ↗machine: r4 · c27 · span 869845–869854
72OSI Systems, Inc., Section 10b CEO totalDEF 14A2025-10-220001104659-25-101517CEO total compensation as printed in OSI Systems, Inc.'s own proxy. As printed: 7,512,141. Filing ↗machine: r1 · c54 · span 1051906–1051915
73Infinera Corporation, Section 10b CEO totalDEF 14A2024-05-170001138639-24-000128CEO total compensation as printed in Infinera Corporation's own proxy. As printed: 6,663,648. Filing ↗machine: r2 · c42 · span 746411–746420
74FormFactor, Inc., Section 10b CEO totalDEF 14A2026-04-020001039399-26-000016CEO total compensation as printed in FormFactor, Inc.'s own proxy. As printed: 5,481,644. Filing ↗machine: r2 · c21 · span 765051–765060
75Axcelis Technologies, Inc., Section 10b CEO totalDEF 14A2026-03-310001104659-26-037356CEO total compensation as printed in Axcelis Technologies, Inc.'s own proxy. As printed: 5,100,394. Filing ↗machine: t18 · r2 · c36 · span 566992–567001
76Diodes Incorporated, Section 10b CEO totalDEF 14A2026-04-010001193125-26-138028CEO total compensation as printed in Diodes Incorporated's own proxy. As printed: 4,331,731. Filing ↗machine: r5 · c12 · span 1101056–1101065
77Kaman Corporation, Section 10b CEO totalDEF 14A2023-03-030000054381-23-000024CEO total compensation as printed in Kaman Corporation's own proxy. As printed: 3,553,792. Filing ↗machine: r2 · c27 · span 814336–814346
78Rogers Corporation, Section 10b CEO totalDEF 14A2026-03-240001140361-26-010927CEO total compensation as printed in Rogers Corporation's own proxy. As printed: 2,504,583. Filing ↗machine: r2 · c22 · span 664816–664826
793D Systems Corporation, Section 10b CEO totalDEF 14A2026-04-080001193125-26-146294CEO total compensation as printed in 3D Systems Corporation's own proxy. As printed: 1,487,950. Filing ↗machine: r3 · c23 · span 1032332–1032341
80Section 10a, Curtiss-Wright Corporation reciprocityDEF 14A0000930413-26-000878Curtiss-Wright Corporation names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
81Section 10a, 3D Systems Corporation reciprocityDEF 14A0001193125-26-1462943D Systems Corporation names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Kaman Corporation reciprocityDEF 14A0000054381-23-000024Kaman Corporation names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Leonardo DRS, Inc. reciprocityDEF 14A0001833756-26-000019Leonardo DRS, Inc. names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 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 Mercury Systems. Filing ↗
85Section 10a, Onto Innovation Inc. reciprocityDEF 14A0001193125-26-143699Onto Innovation Inc.'s most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
86Section 10a, OSI Systems, Inc. reciprocityDEF 14A0001104659-25-101517OSI Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
87Section 10a, RBC Bearings Incorporated reciprocityDEF 14A0001140361-26-029594RBC Bearings Incorporated's most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
88Section 10a, Infinera Corporation reciprocityDEF 14A0001138639-24-000128Infinera Corporation's most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
89Section 10a, Novanta Inc. reciprocityDEF 14A0001193125-26-175367Novanta Inc. names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, Rogers Corporation reciprocityDEF 14A0001140361-26-010927Rogers Corporation's most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
91Section 10a, Kratos Defense & Security Solutions, Inc. reciprocityDEF 14A0001069258-26-000040Kratos Defense & Security Solutions, Inc. names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
92Section 10a, Axcelis Technologies, Inc. reciprocityDEF 14A0001104659-26-037356Axcelis Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
93Section 10a, Belden Inc. reciprocityDEF 14A0000913142-26-000011Belden Inc.'s most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
94Section 10a, BWX Technologies, Inc. reciprocityDEF 14A0001486957-26-000021BWX Technologies, Inc. names Mercury Systems in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, FormFactor, Inc. reciprocityDEF 14A0001039399-26-000016FormFactor, Inc.'s most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗
96Section 10a, Diodes Incorporated reciprocityDEF 14A0001193125-26-138028Diodes Incorporated's most recent proxy was read; its disclosed peer group does not include Mercury Systems. Filing ↗