Velarion · Company Intelligence
Compensation Brief
Fiscal year 2023 · Filings through 2026-07-27

Vizio Holding (VZIO)

Fiscal year 2023 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.

$9,151,825
William Wang total, FY2023
CEO pay percentile vs peers
49:1
CEO-to-median pay ratio
98.67%
Say-on-pay support, latest vote
Companies that benchmark against VZIO
1 company names VZIO as a compensation peer

Each company listed discloses VZIO 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 VZIO 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 2023

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
William Wang$985,000$1,186,250$6,945,607$0$0$0$34,968$9,151,825
Chief Executive Officer and Chairman
Ben Wong956,7501,103,0003,136,74100013,2005,209,691
President and Chief Operating Officer
Michael O'Donnell585,150847,5752,688,60500027,1014,148,431
Chief Revenue/Strategic Growth Officer
Adam Townsend574,625750,1002,052,30600013,2003,390,231
Chief Financial 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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY20222023
William Wang$9,151,825
Ben Wong5,209,691
Michael O'Donnell4,148,431
Adam Townsend3,390,231

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 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Ben WongPSU2023-06-057,914237,452474,904$1,595,677
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Ben Wong$0$1,595,677$0100.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ben WongRSU142,152$1,094,570
William WangRSU45,804352,691
Adam TownsendRSU99,855768,884
Adam TownsendOption55,54421.84
Michael O'DonnellOption8,5058.55
William WangRSU525,7844,048,537
William WangRSU337,9382,602,123
William WangOption136,53621.84
William WangOption768,8528.6
Adam TownsendOption92,2508.55
Ben WongOption63,41021.84
Ben WongRSU21,272163,794
Adam TownsendRSU155,3601,196,272
Michael O'DonnellOption30,76821.84
Michael O'DonnellRSU203,5281,567,166
Adam TownsendRSU18,634143,482
Adam TownsendOption90,0008.55
Adam TownsendOption227,1848.6
Adam TownsendRSU110,250848,925
Michael O'DonnellRSU65,409503,649
Michael O'DonnellRSU4,99538,462
Michael O'DonnellOption148,8128.6
Michael O'DonnellRSU10,32279,479
Ben WongRSU237,4521,828,380
Ben WongOption323,4158.6
05

Incentive-plan design — the Compensation Discussion & Analysis

We strive to create an executive compensation program that balances short-term versus long-term payments and awards and is primarily aimed at ensuring a performance-based delivery that will ensure a strong connection between executive compensation and financial performance to drive results and maximize stockholder value.

CEO STI target (% of salary)83%
CEO LTI target (% of salary)
Independent consultantCompensia, Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20242024-06-12807,121,82610,801,19946,56298.67%Passed
20232023-06-08833,204,946313,98396,69099.95%Passed
20222022-06-09820,900,355505,888123,66299.92%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
20242024-06-1298.67%a
20232023-06-0899.95%b
20222022-06-0999.92%c

a. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote AGAINST 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)49 : 1
CEO total compensation$9,151,825
Median employee compensation$185,847
08

Director compensation — fiscal year 2023

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
R. Michael MohanIndependent · Transactions (Chair) · Newly elected$51,167$257,704$0$0$0$308,871
David RussellIndependent · Audit · Compensation (Chair) · Transactions90,660200,003000290,663
Julia S. GouwIndependent · Audit (Chair) · Transactions83,528200,003000283,531
John R. BurbankIndependent · Lead Independent Director · Audit · Nominating and Corporate Governance (Chair)83,218200,003000283,221
Vicky L. FreeIndependent · Compensation68,528200,003000268,531
William WangEmployee director · Board Chair · Nominating and Corporate Governance00000
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 / 13,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2023
Cash retainers and fees$377,101
Equity awards (grant-date value)$1,057,716
All other compensation$0
Total cost of the board$1,434,817

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

10

Disclosed peer group — fiscal year 2023

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 Vizio Holding 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 Vizio Holding.

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
1Lumentum Holdings Inc.2025Michael Hurlston$315,000$24,740,145$0$603,353$27,670,076
2Roku, Inc.2025Anthony Wood1,000,00012,702,99012,832,220026,565,120
3F5, Inc.2025François Locoh-Donou962,00020,642,85201,398,42123,039,819
4GoDaddy Inc.2025Aman Bhutani1,000,00020,883,43801,104,00023,017,010
5Pure Storage, Inc.2026Charles Giancarlo850,00016,011,70801,568,25018,434,966
6Viasat, Inc.2026Mark Dankberg1,406,53810,305,39002,450,00014,208,178
7AMC Networks Inc.2025Kristin Dolan2,000,0004,231,55306,030,28812,525,644
8Rackspace Technology, Inc.2025Gajen Kandiah319,2315,200,0005,580,000493,15111,595,450
9Synaptics Incorporated2025Michael Hurlston467,08310,870,7080011,342,590
10Energizer Holdings, Inc.2025Mark LaVigne1,045,5008,605,08401,145,66510,972,516
11Dolby Laboratories, Inc.2025Kevin Yeaman950,0006,244,9562,067,450893,00010,193,397
12Stitch Fix, Inc.2025Matt Baer850,0007,821,66301,443,36910,129,032
13Vontier Corporation2025Mark Morelli1,140,8096,206,90602,079,5769,634,679
14Vizio Holding2023William Wang985,0006,945,607009,151,825
15Sonos Inc.2025Tom Conrad1,225,0006,073,1930227,1618,275,354
16Corsair Gaming, Inc.2025Thi La700,0004,476,1801,658,7851,134,3947,986,924
17Lions Gate Entertainment Corp.2025Jeffrey Hirsch1,162,8772,530,99402,950,4936,753,823
18Infinera Corporation2023David Heard729,0005,137,5000791,1636,663,648
19Coherent, Inc.2025James R. Anderson1,060,000002,654,5583,722,935
20GoPro, Inc.2025Nicholas Woodman202,692569,62300772,315
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
Vizio Holding144%RSU 50 · PSU 50NoCompensia, Inc.
AMC Networks Inc.101%Cash LTI 50 · RSU 50NoPay Governance LLC (through December 2025); ClearBridge Compensation Group LLC (engaged December 18, 2025)
Coherent, Inc.170%PSU 60 · RSU 40Yes — Relative Total Shareholder Return (TSR)Compensia
Corsair Gaming, Inc.107.6%not disclosedNoCompensia
Dolby Laboratories, Inc.94%RSU 50 · PSU 25 · Options 25Yes — 3-Year Annualized TSR Dolby vs. S&P Midcap 400 IndexCompensia / FW Cook
Energizer Holdings, Inc.87.67%PSU 70 · RSU 30NoFarient
F5, Inc.111.8%PSU 64 · RSU 36Yes — relative TSRCompensia
GoDaddy Inc.110.4%PSU 50 · RSU 50Yes — rTSRSemler Brossy
GoPro, Inc.not disclosedRSU 60 · PSU 40NoCompensia
Infinera Corporation83.5%PSU 55 · RSU 45NoCompensia
iRobot Corporationnot disclosednot disclosednot disclosednot disclosed
Lions Gate Entertainment Corp.85.4%PSU 70 · RSU 30NoPay Governance
Lumentum Holdings Inc.132.19%PSU 50 · RSU 50YesSemler Brossy
Pure Storage, Inc.not disclosednot disclosednot disclosednot disclosed
Rackspace Technology, Inc.not disclosednot disclosedYes — Relative TSRKorn Ferry
Roku, Inc.not disclosedOptions 50 · RSU 50not disclosedCompensia
Sonos Inc.91.4%PSU 50 · RSU 50Yes — Relative TSRCompensation Advisory Partners
Stitch Fix, Inc.169.8%not disclosedNoCompensia, Inc. and Meridian Compensation Partners, LLC
Synaptics Incorporated121.2%MSU 34 · PSU 33 · RSU 33NoCompensia, Inc.
Viasat, Inc.121%RSU 50 · PSU 25 · Cash LTI 25Yes — Relative Total Shareholder Return (TSR) vs. Russell 3000 IndexCompensia
Vontier Corporation121%PSU 60 · RSU 40NoPearl Meyer

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 WangDEF 14A2024-04-260001835591-24-000022Section “Summary Compensation Table” · page 46. As printed: 9,151,825. Filing ↗machine: r2 · c48 · span 612704–612713
2Section 01, Ben WongDEF 14A2024-04-260001835591-24-000022Section “Summary Compensation Table” · page 46. As printed: 5,209,691. Filing ↗machine: r8 · c48 · span 629157–629166
3Section 01, Michael O'DonnellDEF 14A2024-04-260001835591-24-000022Section “Summary Compensation Table” · page 46. As printed: 4,148,431. Filing ↗machine: t29 · r11 · c16 · span 637077–637086
4Section 01, Adam TownsendDEF 14A2024-04-260001835591-24-000022Section “Summary Compensation Table” · page 46. As printed: 3,390,231. Filing ↗machine: r5 · c48 · span 620871–620880
5Section 03, Ben Wong PSUDEF 14A2024-04-260001835591-24-000022Section “Grants of Plan-Based Awards for 202” · grants of plan-based awards table. Filing ↗machine: t28 · r6 · c5 · span 562506–562513
6Section 07, pay ratioDEF 14A0001835591-24-000022Section “CEO Pay Ratio”. As printed: 49 : 1.machine: span 988053–988057
7Section 08, R. Michael MohanDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 308,871. Filing ↗machine: t19 · r5 · c8 · span 366082–366089
8Section 08, David RussellDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 290,663. Filing ↗machine: t19 · r6 · c8 · span 367591–367598
9Section 08, Julia S. GouwDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 283,531. Filing ↗machine: t19 · r4 · c8 · span 364389–364396
10Section 08, John R. BurbankDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 283,221. Filing ↗machine: t19 · r2 · c8 · span 361290–361297
11Section 08, Vicky L. FreeDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 268,531. Filing ↗machine: t19 · r3 · c8 · span 362883–362890
12Section 08, William WangDEF 14A2024-04-260001835591-24-000022Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2024 voteForm 8-K2024-06-140001835591-24-000061Item 5.07 · say-on-pay result. As reported: 98.67% (votes for as printed: 807,121,826). Filing ↗
14Section 06, 2023 voteForm 8-K2023-06-120001835591-23-000070Item 5.07 · say-on-pay result. As reported: 99.95% (votes for as printed: 833,204,946). Filing ↗
15Section 06, 2022 voteForm 8-K2022-06-150001835591-22-000041Item 5.07 · say-on-pay result. As reported: 99.92%. Filing ↗
16Section 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
17Section 09b board cost (computed)ComputedcomputedCash 377,101 + equity 1,057,716 + all other 0 = 1,434,817, summed across the director compensation table rows.machine: formula: Σ = 1,434,817
18Lumentum Holdings Inc., Section 10b CEO totalDEF 14A2025-10-070001308179-25-000615CEO total compensation as printed in Lumentum Holdings Inc.'s own proxy. As printed: 27,670,076. Filing ↗machine: t322 · r1 · c14 · span 769843–769853
19Roku, Inc., Section 10b CEO totalDEF 14A2026-04-240001140361-26-016715CEO total compensation as printed in Roku, Inc.'s own proxy. As printed: 26,565,120. Filing ↗machine: r2 · c22 · span 629170–629180
20F5, 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
21GoDaddy Inc., Section 10b CEO totalDEF 14A2026-04-240001609711-26-000030CEO total compensation as printed in GoDaddy Inc.'s own proxy. As printed: 23,017,010. Filing ↗machine: r2 · c36 · span 1227323–1227333
22Pure Storage, Inc., Section 10b CEO totalDEF 14A2026-05-010001474432-26-000041CEO total compensation as printed in Pure Storage, Inc.'s own proxy. As printed: 18,434,966. Filing ↗machine: t123 · r2 · c12 · span 762824–762834
23Viasat, 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
24AMC Networks Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-194208CEO total compensation as printed in AMC Networks Inc.'s own proxy. As printed: 12,525,644. Filing ↗machine: r2 · c34 · span 747957–747967
25Rackspace Technology, Inc., Section 10b CEO totalDEF 14A2026-04-300001810019-26-000032CEO total compensation as printed in Rackspace Technology, Inc.'s own proxy. As printed: 11,595,450. Filing ↗machine: span 462737–462747
26Synaptics Incorporated, Section 10b CEO totalDEF 14A2025-09-160000817720-25-000083CEO total compensation as printed in Synaptics Incorporated's own proxy. As printed: 11,342,590. Filing ↗machine: t315 · r8 · c20 · span 1675805–1675815
27Energizer Holdings, Inc., Section 10b CEO totalDEF 14A2025-12-120001632790-25-000120CEO total compensation as printed in Energizer Holdings, Inc.'s own proxy. As printed: 10,972,516. Filing ↗machine: span 836550–836560
28Dolby Laboratories, Inc., Section 10b CEO totalDEF 14A2025-12-160001193125-25-320032CEO total compensation as printed in Dolby Laboratories, Inc.'s own proxy. As printed: 10,193,397. Filing ↗machine: r3 · c38 · span 684772–684782
29Stitch Fix, Inc., Section 10b CEO totalDEF 14A2025-10-310001628280-25-047825CEO total compensation as printed in Stitch Fix, Inc.'s own proxy. As printed: 10,129,032. Filing ↗machine: r2 · c24 · span 432212–432222
30Vontier Corporation, Section 10b CEO totalDEF 14A2026-04-100001628280-26-024579CEO total compensation as printed in Vontier Corporation's own proxy. As printed: 9,634,679. Filing ↗machine: r3 · c66 · span 851924–851933
31Vizio Holding (subject), Section 10b CEO totalDEF 14A2024-04-260001835591-24-000022CEO total compensation as printed in Vizio Holding's own proxy. As printed: 9,151,825. Filing ↗machine: r2 · c48 · span 612704–612713
32Sonos Inc., Section 10b CEO totalDEF 14A2026-01-220001314727-26-000021CEO total compensation as printed in Sonos Inc.'s own proxy. As printed: 8,275,354. Filing ↗machine: r2 · c48 · span 699019–699028
33Corsair Gaming, Inc., Section 10b CEO totalDEF 14A2026-04-300001193125-26-197141CEO total compensation as printed in Corsair Gaming, Inc.'s own proxy. As printed: 7,986,924. Filing ↗machine: r6 · c16 · span 652560–652569
34Lions Gate Entertainment Corp., Section 10b CEO totalDEF 14A2026-04-020000929351-26-000021CEO total compensation as printed in Lions Gate Entertainment Corp.'s own proxy. As printed: 6,753,823. Filing ↗machine: t153 · r2 · c16 · span 880473–880482
35Infinera 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
36Coherent, Inc., Section 10b CEO totalDEF 14A2025-10-020001104659-25-096170CEO total compensation as printed in Coherent, Inc.'s own proxy. As printed: 3,722,935. Filing ↗machine: r1 · c22 · span 1172135–1172144
37GoPro, Inc., Section 10b CEO totalDEF 14A2026-04-210001628280-26-026268CEO total compensation as printed in GoPro, Inc.'s own proxy. As printed: 772,315. Filing ↗machine: r2 · c42 · span 704856–704863
38Section 10a, Roku, Inc. reciprocityDEF 14A0001140361-26-016715Roku, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
39Section 10a, Pure Storage, Inc. reciprocityDEF 14A0001474432-26-000041Pure Storage, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
40Section 10a, Dolby Laboratories, Inc. reciprocityDEF 14A0001193125-25-320032Dolby Laboratories, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
41Section 10a, Synaptics Incorporated reciprocityDEF 14A0000817720-25-000083Synaptics Incorporated's most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
42Section 10a, Rackspace Technology, Inc. reciprocityDEF 14A0001810019-26-000032Rackspace Technology, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
43Section 10a, Infinera Corporation reciprocityDEF 14A0001138639-24-000128Infinera Corporation's most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
44Section 10a, Lumentum Holdings Inc. reciprocityDEF 14A0001308179-25-000615Lumentum Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
45Section 10a, GoPro, Inc. reciprocityDEF 14A0001628280-26-026268GoPro, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
46Section 10a, Coherent, Inc. reciprocityDEF 14A0001104659-25-096170Coherent, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
47Section 10a, GoDaddy Inc. reciprocityDEF 14A0001609711-26-000030GoDaddy Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
48Section 10a, Energizer Holdings, Inc. reciprocityDEF 14A0001632790-25-000120Energizer Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
49Section 10a, F5, Inc. reciprocityDEF 14A0001048695-26-000012F5, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
50Section 10a, Stitch Fix, Inc. reciprocityDEF 14A0001628280-25-047825Stitch Fix, Inc.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
51Section 10a, Corsair Gaming, Inc. reciprocityDEF 14A0001193125-26-197141Corsair Gaming, Inc. names Vizio Holding in its own disclosed peer group (read from its most recent proxy). Filing ↗
52Section 10a, Vontier Corporation reciprocityDEF 14A0001628280-26-024579Vontier Corporation's most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗
53Section 10a, Lions Gate Entertainment Corp. reciprocityDEF 14A0000929351-26-000021Lions Gate Entertainment Corp.'s most recent proxy was read; its disclosed peer group does not include Vizio Holding. Filing ↗