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Companies Qnity Electronics, Inc.

Qnity Electronics (Q): executive pay, fiscal 2025

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CEO total pay$20,646,678CEO Jon Kemp · source
Say-on-pay support95.68%Latest vote · source
CEO vs. named peers80th pct.Of 15 peer CEOs

CEO pay, last three years

  • $3,250,960FY2024
  • $20,646,678FY2025

CEO total pay was $20,646,678 in fiscal 2025, up from $3,250,960 in fiscal 2024.

FY2025: salary $808,333 · bonus $0 · stock awards $12,553,872 · option awards $6,111,400

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Qnity Electronics, Inc. in fiscal 2025?
As disclosed, Jon Kemp (Chief Executive Officer) was the highest-paid executive at Qnity Electronics, Inc. in fiscal 2025, with total compensation of $20,646,678.
How does Qnity Electronics, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Jon Kemp's total compensation ranked at the 80th percentile of Qnity Electronics, Inc.'s disclosed peer group.
How did shareholders vote on Qnity Electronics, Inc.'s executive compensation?
As disclosed, 95.68% of shareholders supported Qnity Electronics, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Qnity Electronics, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Qnity Electronics, Inc. reported total board compensation of $2,576,227 for fiscal 2025.

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
Jon Kemp$808,333$0$12,553,872$6,111,400$996,764$0$176,309$20,646,678
Chief Executive Officer
Matthew Harbaugh466,66703,466,1981,800,025459,667072,3136,264,870
Former Chief Financial Officer
Chuck Xu496,18502,388,5181,520,525343,176076,6734,825,077
President, Interconnect Solutions
Peter Hennessey441,66701,630,350946,155267,283056,0303,341,485
General Counsel
Kathleen Fortebuono422,50001,111,053540,393307,103075,8492,456,898
Chief People 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 FY2024→2025
Jon Kemp$20,646,678$3,250,960—↑ +17,395,718
Matthew Harbaugh6,264,870———
Chuck Xu4,825,0771,110,125—↑ +3,714,952
Peter Hennessey3,341,485———
Kathleen Fortebuono2,456,8981,008,409—↑ +1,448,489

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

Incentive-plan design — the Compensation Discussion & Analysis

The Qnity Committee undertook a comprehensive review of executive compensation programs to ensure they are market-competitive, performance aligned, and supportive of Qnity's long-term strategic objectives as a standalone company.

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

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Peter HennesseyRSU2025-02-21——5,512—$450,055
Jon KempRSU2025-02-21——61,237—5,000,001
Chuck XuRSU2025-02-21——6,124—500,025
Matthew HarbaughPSU2025-12-0311,21122,422—44,8442,266,192
Chuck XuPSU2025-12-039,34318,685—37,3701,888,493
Kathleen FortebuonoPSU2025-11-01————15,387
Peter HennesseyPSU2025-11-01————8,647
Jon KempPSU2025-11-01————111,365
Jon KempOPTION2025-12-03——166,022—6,000,035
Chuck XuOPTION2025-12-03——41,506—1,500,027
Jon KempPSU2025-12-0337,37074,739—149,4787,553,871
Peter HennesseyPSU2025-12-035,83911,678—23,3561,180,295
Chuck XuPSU2025-11-01————20,498
Kathleen FortebuonoPSU2025-12-033,2706,540—13,080660,998
Matthew HarbaughRSU2025-05-05——18,374—1,200,006
Kathleen FortebuonoOPTION2025-12-03——14,527—525,006
Kathleen FortebuonoRSU2025-02-21——5,512—450,055
Peter HennesseyOPTION2025-12-03——25,941—937,508
Matthew HarbaughOPTION2025-12-03——49,807—1,800,025

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Peter Hennessey$450,055$1,188,942$937,50846.1%
Jon Kemp5,000,0017,665,2366,000,03541.1%
Chuck Xu500,0251,908,9911,500,02748.8%
Matthew Harbaugh1,200,0062,266,1921,800,02543.0%
Kathleen Fortebuono450,055676,385525,00641.0%

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

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Peter HennesseyRSU220—$17,975
Kathleen FortebuonoRSU302—24,669
Chuck XuRSU318—25,950
Peter HennesseyRSU441—17,732
Kathleen FortebuonoRSU606—24,351
Chuck XuRSU638—25,659
Kathleen FortebuonoRSU1,263—103,134
Jon KempRSU1,919—156,651
Kathleen FortebuonoRSU2,008—163,973
Peter HennesseyRSU2,191—178,883
Chuck XuRSU2,442—199,353
Kathleen FortebuonoRSU2,536—101,935
Peter HennesseyRSU2,804—228,968
Kathleen FortebuonoRSU2,804—228,968
Chuck XuRSU3,116—254,391
Jon KempRSU3,852—154,851
Kathleen FortebuonoRSU4,032—162,090
Peter HennesseyRSU4,399—176,833
Chuck XuRSU4,860—195,382
Peter HennesseyRSU5,632—226,396
Kathleen FortebuonoRSU5,632—226,396
Chuck XuRSU6,257—251,533
Kathleen FortebuonoRSU6,540—533,991
Matthew HarbaughRSU9,299—759,249
Peter HennesseyRSU11,678—953,509
Jon KempRSU12,773—1,042,897
Kathleen FortebuonoOption14,52780.28—
Matthew HarbaughRSU18,675—750,720
Chuck XuRSU18,685—1,525,630
Matthew HarbaughRSU22,422—1,830,756
Jon KempRSU25,650—1,031,141
Peter HennesseyOption25,94180.28—
Jon KempRSU31,155—2,543,824
Chuck XuOption41,50680.28—
Matthew HarbaughOption49,80780.28—
Jon KempRSU62,567—2,515,207
Jon KempRSU74,739—6,102,439
Jon KempOption166,02280.28—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark A. BlinnIndependent · Board Chair · Nomination and Governance (Chair)$50,000$350,342——$0$400,342
Anne NoonanIndependent · Compensation (Chair)25,833350,342——0376,175
Byron GreenIndependent · Compensation21,667350,342——0372,009
Shumeet BanerjiIndependent · Nomination and Governance21,667350,342——0372,009
Karin De BondtIndependent · Audit21,667350,342——0372,009
Yi Hyon PaikIndependent · Nomination and Governance21,667350,342——0372,009
Steven M. SterinIndependent · Audit (Chair)27,50080,280——0107,780
Terrence R. CurtinIndependent · Audit21,66780,280——0101,947
Kristina M. JohnsonIndependent · Compensation21,66780,280——0101,947

Board fee structure and ownership guideline

Annual cash retainer$130,000
Annual equity retainer$190,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 20,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$233,335
Equity awards (grant-date value)$2,342,892
All other compensation$0
Total cost of the board$2,576,227

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

Peer group, and who names Qnity Electronics as a peer

Companies that benchmark against Q

1 company names Q as a compensation peer

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

    Disclosed peer group — fiscal year 2025

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

    Peer reciprocity

    The companies Qnity Electronics, Inc. names as compensation peers that name it back in their own disclosed peer groups.

    Chief executive pay against the peer group

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

    RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
    1Coherent Corp.2026James Anderson$1,094,246$23,779,354$0$3,456,024$28,349,672
    2Element Solutions Inc.2025Benjamin H. Gliklich1,087,50023,688,89401,520,94726,480,462
    3Skyworks Solutions, Inc.2025Liam Griffin745,67510,416,7300024,717,041
    4Qnity Electronics, Inc.2025Jon Kemp808,33312,553,8726,111,400996,76420,646,678
    5Trimble Inc.2025Robert Painter950,00013,311,8642,230,6372,633,44319,129,944
    6Keysight Technologies, Inc.2025Satish Dhanasekaran933,00015,345,17601,575,47318,020,109
    7ON Semiconductor2025Hassane El-Khoury1,200,00016,436,4670017,678,866
    8Ametek, Inc.2025David Zapico1,400,0008,781,3062,165,6342,437,15516,462,630
    9Teradyne, Inc.2025Gregory Smith959,45710,186,5131,033,3351,914,28314,107,588
    10Zebra Technologies Corp.2025William Burns1,025,00111,000,21401,763,51413,890,300
    11Qorvo, Inc.2026Robert Bruggeworth1,065,65210,799,96101,671,68013,551,627
    12MKS Instruments, Inc.2025John Lee1,037,94510,133,32701,751,53312,961,940
    13Agilent Technologies, Inc.2025Padraig McDonnell1,141,3458,169,8502,017,7591,436,80912,827,236
    14Entegris, Inc.2025David Reeder432,4047,232,0073,329,868308,51511,507,888
    15Avantor, Inc.2025Emmanuel Ligner379,2972,499,9902,499,998330,0385,895,624
    16Teledyne Technologies, Inc.2025George C. Bobb III816,827601,5461,730,5221,080,9084,255,049

    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
    Qnity Electronics, Inc.not disclosednot disclosedYes — Relative TSRExequity
    Agilent Technologies, Inc.not disclosedPSU 60 · Option 20 · RSU 20NoSemler Brossy
    Ametek, Inc.147.5%not disclosedYes — Relative Total Shareholder Return (TSR)Pay Governance LLC
    Avantor, Inc.not disclosedPSU 50 · Options 25 · RSU 25Yes — TSR Relative to Comparator GroupFW Cook
    Coherent Corp.190%PSU 60 · RSU 40Yes — Relative TSRCompensia, Inc.
    Element Solutions Inc.126%PRSU 67 · RSU 33NoFW Cook
    Entegris, Inc.69.0%RSU 40 · Option 30 · PSU 30Yes — Relative TSRFW Cook
    Keysight Technologies, Inc.114.09%PSU 60 · RSU 40Yes — 3-Year Relative TSRMeridian Compensation Partners LLC
    MKS Instruments, Inc.135%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (rTSR)Pearl Meyer & Partners, LLC
    ON Semiconductornot disclosedPBRSU 70 · RSU 30NoFW Cook
    Qorvo, Inc.not disclosedPSU 60 · RSU 40NoCompensia
    Skyworks Solutions, Inc.not disclosedPSU 60 · RSU 40Yes — TSR Percentile RankingAon
    Teledyne Technologies, Inc.not disclosedOptions 33 · Cash LTI 33 · PSU 33NoExequity
    Teradyne, Inc.not disclosednot disclosedYes — TSR vs NYSE Composite IndexCompensia, Inc.
    Trimble Inc.138.6%PSU 60 · RSU 25 · Options 15Yes — Total Shareholder Return (TSR) relative to S&P 500Mercer (US) LLC
    Zebra Technologies Corp.114.7%not disclosedNoFW Cook

    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
    20262026-05-21136,385,6116,156,323474,70795.68%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
    20262026-05-2195.68%a

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

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

    CEO pay ratio

    Ratio (CEO : median employee)—
    CEO total compensation—
    Median employee compensation—
    Insider trades since the proxy

    No insider equity transactions reported since the proxy statement.

    Sources (55 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, Jon Kemp. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 49. As printed: 20,646,678. View filing ↗
    • Section 01, Matthew Harbaugh. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 49. As printed: 6,264,870. View filing ↗
    • Section 01, Chuck Xu. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 49. As printed: 4,825,077. View filing ↗
    • Section 01, Peter Hennessey. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 49. As printed: 3,341,485. View filing ↗
    • Section 01, Kathleen Fortebuono. DEF 14A, filed 2026-04-08. Section “Summary Compensation Table” · page 49. As printed: 2,456,898. View filing ↗
    • Section 03, Peter Hennessey RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Jon Kemp RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Chuck Xu RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Matthew Harbaugh PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Chuck Xu PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Kathleen Fortebuono PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Peter Hennessey PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Jon Kemp PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Jon Kemp OPTION. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Chuck Xu OPTION. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Jon Kemp PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Peter Hennessey PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Chuck Xu PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Kathleen Fortebuono PSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Matthew Harbaugh RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Kathleen Fortebuono OPTION. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Kathleen Fortebuono RSU. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Peter Hennessey OPTION. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 03, Matthew Harbaugh OPTION. DEF 14A, filed 2026-04-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
    • Section 07, pay ratio. DEF 14A, filed 2026-04-08. Section “CEO Pay Ratio”. As printed: —. View filing ↗
    • Section 08, Mark A. Blinn. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 400,342. View filing ↗
    • Section 08, Anne Noonan. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 376,175. View filing ↗
    • Section 08, Byron Green. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 372,009. View filing ↗
    • Section 08, Shumeet Banerji. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 372,009. View filing ↗
    • Section 08, Karin De Bondt. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 372,009. View filing ↗
    • Section 08, Yi Hyon Paik. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 372,009. View filing ↗
    • Section 08, Steven M. Sterin. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 107,780. View filing ↗
    • Section 08, Terrence R. Curtin. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 101,947. View filing ↗
    • Section 08, Kristina M. Johnson. DEF 14A, filed 2026-04-08. Section “Director Compensation”. As printed: 101,947. View filing ↗
    • Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 95.68% (votes for as printed: 136,385,611). View filing ↗
    • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
    • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
    • Section 09b board cost (computed). Computed. Cash 233,335 + equity 2,342,892 + all other 0 = 2,576,227, summed across the director compensation table rows.
    • Coherent Corp., Section 10b CEO total. DEF 14A, filed 2026-10-09. CEO total compensation as printed in Coherent Corp.'s own proxy. As printed: 28,349,672. View filing ↗
    • Element Solutions Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Element Solutions Inc.'s own proxy. As printed: 26,480,462. View filing ↗
    • Skyworks Solutions, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Skyworks Solutions, Inc.'s own proxy. As printed: 24,717,041. View filing ↗
    • Qnity Electronics, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Qnity Electronics, Inc.'s own proxy. As printed: 20,646,678. View filing ↗
    • Trimble Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Trimble Inc.'s own proxy. As printed: 19,129,944. View filing ↗
    • Keysight Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-26. CEO total compensation as printed in Keysight Technologies, Inc.'s own proxy. As printed: 18,020,109. View filing ↗
    • ON Semiconductor, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in ON Semiconductor's own proxy. As printed: 17,678,866. View filing ↗
    • Ametek, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Ametek, Inc.'s own proxy. As printed: 16,462,630. View filing ↗
    • Teradyne, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Teradyne, Inc.'s own proxy. As printed: 14,107,588. View filing ↗
    • Zebra Technologies Corp., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Zebra Technologies Corp.'s own proxy. As printed: 13,890,300. View filing ↗
    • Qorvo, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-26. CEO total compensation as printed in Qorvo, Inc.'s own proxy. As printed: 13,551,627. View filing ↗
    • MKS Instruments, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in MKS Instruments, Inc.'s own proxy. As printed: 12,961,940. View filing ↗
    • Agilent Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-02-06. CEO total compensation as printed in Agilent Technologies, Inc.'s own proxy. As printed: 12,827,236. View filing ↗
    • Entegris, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Entegris, Inc.'s own proxy. As printed: 11,507,888. View filing ↗
    • Avantor, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Avantor, Inc.'s own proxy. As printed: 5,895,624. View filing ↗
    • Teledyne Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Teledyne Technologies, Inc.'s own proxy. As printed: 4,255,049. View filing ↗
    • Section 10a, Element Solutions Inc. reciprocity. DEF 14A. Element Solutions Inc. names Qnity Electronics, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
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