Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-24

Xperi (XPER)

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.

$2,342,659
Matt Milne total, FY2025
37th
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against XPER
10 companies name XPER as a compensation peer

Each company listed discloses XPER 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 XPER 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
Matt Milne$465,000$0$1,447,043$0$420,947$0$9,669$2,342,659
President of TiVo Ads and Chief Revenue 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
Matt Milne$2,342,659

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
Jeremi T. GormanDirector2026-04-17A29,320$0$0CommonForm 4 ↗
Roderick K. RandallDirector2026-04-17A29,32000CommonForm 4 ↗
Darcy AntonellisDirector2026-04-17A29,32000CommonForm 4 ↗
Laura J. DurrDirector2026-04-17A29,32000CommonForm 4 ↗
David C. HabigerDirector2026-04-17A29,32000CommonForm 4 ↗
Christopher SeamsDirector2026-04-17A29,32000CommonForm 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
Jon E. KirchnerOTHER$5,287,694
Matt MilnePRSU1,447,043
Robert AndersenOTHER2,089,095
Geir SkaadenOTHER2,308,992
03b

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
SkaadenRSU71,995$421,891
Matt MilnePSU68,567401,803
Matt MilneRSU33,452196,029
Jon E. KirchnerPSU260,5571,526,864
Matt MilnePSU83,603489,914
Matt MilnePSU66,906392,069
Matt MilneRSU15,00015,000
Jon E. KirchnerPSU258,7361,516,193
SkaadenRSU50,494295,895
SkaadenRSU15,25015,250
SkaadenPSU100,990591,801
Jon E. KirchnerPSU267,5301,567,726
SkaadenRSU100,323587,893
Jon E. KirchnerRSU7,21742,292
SkaadenRSU4,51026,429
Jon E. KirchnerRSU66,50066,500
Jon E. KirchnerRSU178,3531,045,149
SkaadenPSU95,994562,525
Matt MilneRSU83,603489,914
SkaadenPSU100,323587,893
Jon E. KirchnerRSU130,278763,429
Jon E. KirchnerRSU86,244505,390
Matt MilneRSU51,425301,351
05

Incentive-plan design — the Compensation Discussion & Analysis

The executive compensation program emphasizes performance-based compensation and the amount of compensation paid to our executives varies significantly based on overall strategic and financial performance. The primary objective of our executive compensation program is to build long-term stockholder value. Our approach to short-term compensation is to pay for current results and strategic actions taken that are expected to translate into improved future financial performance. Combined with our emphasis on long-term equity compensation, we believe this approach appropriately motivates, rewards and retains our executives, while providing strong alignment with our stockholders.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantCompensia Inc.
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
David C. HabigerIndependent · Board Chair · Audit · Nominating and Corporate Governance$115,500$189,973$0$0$0$305,473
Darcy AntonellisIndependent · Compensation (Chair) · Audit82,750189,973000272,723
Laura J. DurrIndependent · Audit (Chair) · Compensation82,500189,973000272,473
Christopher SeamsIndependent · Nominating and Corporate Governance (Chair) · Audit79,750189,973000269,723
Roderick K. RandallIndependent · Compensation · Nominating and Corporate Governance62,500189,973000252,473
Jeremi T. GormanIndependent · Nominating and Corporate Governance56,000189,973000245,973
Jon E. KirchnerEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$190,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 20,000 / 15,000
Stock ownership guideline$150,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$479,000
Equity awards (grant-date value)$1,139,838
All other compensation$0
Total cost of the board$1,618,838

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 Xperi 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 Xperi.

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
1Ribbon Communications2025Bruce McClelland$750,000$16,370,820$0$225,188$17,457,675
2Inseego2025Juho Sarvikas480,7694,578,3116,685,850011,988,776
3fuboTV2025David Gandler1,180,3007,901,64101,643,30910,886,885
4NETGEAR2025Charles Prober767,7408,603,20501,181,73110,555,676
5Dolby Laboratories2025Kevin Yeaman950,0006,244,9562,067,450893,00010,193,397
6LiveRamp Holdings2025Scott Howe690,0008,039,0470830,3469,582,835
7Knowles2025Jeffrey Niew750,0006,844,77301,050,3008,674,916
8Cerence2025Brian Krzanich590,7696,996,5380949,7078,544,306
9Vimeo2024Philip Moyer426,9236,217,624008,184,912
10Arlo Technologies2025Matthew McRae790,0005,590,0000963,8007,358,402
11Infinera2023David Heard729,0005,137,5000791,1636,663,648
12Adeia2025Paul Davis662,5004,526,02201,228,2316,454,507
13Harmonic2025Nimrod Ben-Natan609,0004,927,5620570,0006,163,092
14Aviat Networks2025Peter A. Smith650,0003,111,023003,772,051
158x82026Samuel Wilson500,0001,660,1140332,5002,495,614
16Digital Turbine2025William Stone650,0001,070,000735,00002,483,750
17Xperi2025Matt Milne465,0001,447,0430420,9472,342,659
18Turtle Beach2025Cris Keirn513,4621,333,5480219,2142,125,792
19Consensus Cloud Solutions2025Scott Turicchi750,000001,012,1901,800,548
20Universal Electronics2025Richard Carnifax394,125630,851231,00001,261,190
IMAXnot 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
Xperi49%PSU 60 · RSU 40NoCompensia Inc.
8x866.5%RSU 67 · PSU 33NoCompensia, Inc.
Adeia181.2%PSU 60 · RSU 40NoCompensia
Arlo Technologies122%PSU 100NoPay Governance
Aviat Networksnot disclosedPSU 50 · RSU 50Yes — TSRCompensia
Cerence160.93%PSU 50 · RSU 50NoFW Cook
Consensus Cloud Solutions122.69%not disclosedNoFrederic W. Cook & Co., Inc.
Digital Turbinenot disclosednot disclosedNoPearl Meyer
Dolby Laboratories94%RSU 50 · PSU 25 · Options 25Yes — 3-Year Annualized TSR Dolby vs. S&P Midcap 400 IndexCompensia / FW Cook
fuboTV116%RSU 50 · PSU 50NoAon (2025 Transition Period); Pay Governance (fiscal 2026 forward)
Harmonic95%RSU 50 · PSU 50Yes — Total Stockholder Return (TSR)Exequity
IMAXnot disclosednot disclosednot disclosednot disclosed
Infinera83.5%PSU 55 · RSU 45NoCompensia
Inseegonot disclosednot disclosednot disclosednot disclosed
Knowles116.7%PSU 55 · RSU 45NoCompensia, Inc.
LiveRamp Holdings109.4%PSU 60 · RSU 40Yes — Relative TSR vs Russell 2000Compensia, Inc.
NETGEAR128%PSU 50 · RSU 50Yes — Relative TSR RankFW Cook
Ribbon Communications30%PSU 50 · RSU 50Yes — Relative TSRFW Cook
Turtle Beach42%PSU 60 · RSU 40NoCompensia
Universal Electronicsnot disclosedPSU 75 · Options 25NoPay Governance LLC
Vimeo200%RSU 100not disclosedSemler Brossy

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, Matt MilneDEF 14A2026-03-040001788999-26-000004Section “2025 Summary Compensation Table”. As printed: 2,342,659. Filing ↗machine: r7 · c22 · span 1024131–1024140
2Section 03, Jon E. Kirchner OTHERDEF 14A2026-03-040001788999-26-000004Section “DIRECTOR COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t67 · r4 · c10 · span 990370–990379
3Section 03, Matt Milne PRSUDEF 14A2026-03-040001788999-26-000004Section “DIRECTOR COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t67 · r7 · c10 · span 1019688–1019697
4Section 03, Robert Andersen OTHERDEF 14ASection “Executive Compensation” · grants of plan-based awards table.
5Section 03, Geir Skaaden OTHERDEF 14A2026-03-040001788999-26-000004Section “DIRECTOR COMPENSATION TABLE &” · grants of plan-based awards table. Filing ↗machine: t67 · r6 · c10 · span 1010151–1010160
6Section 08, David C. HabigerDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 305,473. Filing ↗machine: t51 · r5 · c12 · span 700318–700325
7Section 08, Darcy AntonellisDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 272,723. Filing ↗machine: t51 · r2 · c12 · span 684738–684745
8Section 08, Laura J. DurrDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 272,473. Filing ↗machine: t51 · r3 · c12 · span 689932–689939
9Section 08, Christopher SeamsDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 269,723. Filing ↗machine: t51 · r7 · c12 · span 710713–710720
10Section 08, Roderick K. RandallDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 252,473. Filing ↗machine: t51 · r6 · c12 · span 705509–705516
11Section 08, Jeremi T. GormanDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 245,973. Filing ↗machine: t51 · r4 · c12 · span 695120–695127
12Section 08, Jon E. KirchnerDEF 14A2026-03-040001788999-26-000004Section “Director Compensation”. As printed: 0. Filing ↗
13Section 02, Jeremi T. Gorman 2026-04-17Form 42026-04-210001104659-26-046049Insider equity transaction reported since the proxy statement. Filing ↗
14Section 02, Roderick K. Randall 2026-04-17Form 42026-04-210001104659-26-046042Insider equity transaction reported since the proxy statement. Filing ↗
15Section 02, Darcy Antonellis 2026-04-17Form 42026-04-210001104659-26-046051Insider equity transaction reported since the proxy statement. Filing ↗
16Section 02, Laura J. Durr 2026-04-17Form 42026-04-210001104659-26-046047Insider equity transaction reported since the proxy statement. Filing ↗
17Section 02, David C. Habiger 2026-04-17Form 42026-04-210001104659-26-046048Insider equity transaction reported since the proxy statement. Filing ↗
18Section 02, Christopher Seams 2026-04-17Form 42026-04-210001104659-26-046052Insider equity transaction reported since the proxy statement. Filing ↗
19Section 09b board cost (computed)ComputedcomputedCash 479,000 + equity 1,139,838 + all other 0 = 1,618,838, summed across the director compensation table rows.machine: formula: Σ = 1,618,838
20Ribbon Communications, Section 10b CEO totalDEF 14A2026-04-170001104659-26-044643CEO total compensation as printed in Ribbon Communications's own proxy. As printed: 17,457,675. Filing ↗machine: t160 · r1 · c42 · span 1626864–1626874
21Inseego, Section 10b CEO totalDEF 14A2026-04-230001683168-26-003150CEO total compensation as printed in Inseego's own proxy. As printed: 11,988,776. Filing ↗machine: r1 · c25 · span 232920–232930
22fuboTV, Section 10b CEO totalDEF 14A2026-06-160001628280-26-043532CEO total compensation as printed in fuboTV's own proxy. As printed: 10,886,885. Filing ↗machine: t51 · r2 · c21 · span 769364–769374
23NETGEAR, Section 10b CEO totalDEF 14A2026-04-160001193125-26-159312CEO total compensation as printed in NETGEAR's own proxy. As printed: 10,555,676. Filing ↗machine: t84 · r4 · c27 · span 1491692–1491702
24Dolby Laboratories, Section 10b CEO totalDEF 14A2025-12-160001193125-25-320032CEO total compensation as printed in Dolby Laboratories's own proxy. As printed: 10,193,397. Filing ↗machine: r3 · c38 · span 684772–684782
25LiveRamp Holdings, Section 10b CEO totalDEF 14A2025-06-270001104659-25-063301CEO total compensation as printed in LiveRamp Holdings's own proxy. As printed: 9,582,835. Filing ↗machine: span 967320–967329
26Knowles, Section 10b CEO totalDEF 14A2026-03-110001587523-26-000010CEO total compensation as printed in Knowles's own proxy. As printed: 8,674,916. Filing ↗machine: r2 · c21 · span 691533–691542
27Cerence, Section 10b CEO totalDEF 14A2026-01-020001628280-26-000012CEO total compensation as printed in Cerence's own proxy. As printed: 8,544,306. Filing ↗machine: r2 · c42 · span 627290–627299
28Vimeo, Section 10b CEO totalDEF 14A2025-04-290001104659-25-041232CEO total compensation as printed in Vimeo's own proxy. As printed: 8,184,912. Filing ↗machine: span 763762–763771
29Arlo Technologies, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016680CEO total compensation as printed in Arlo Technologies's own proxy. As printed: 7,358,402. Filing ↗machine: r2 · c19 · span 935213–935222
30Infinera, Section 10b CEO totalDEF 14A2024-05-170001138639-24-000128CEO total compensation as printed in Infinera's own proxy. As printed: 6,663,648. Filing ↗machine: r2 · c42 · span 746411–746420
31Adeia, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124075CEO total compensation as printed in Adeia's own proxy. As printed: 6,454,507. Filing ↗machine: span 1043685–1043694
32Harmonic, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016701CEO total compensation as printed in Harmonic's own proxy. As printed: 6,163,092. Filing ↗machine: t189 · r3 · c19 · span 1385331–1385341
33Aviat Networks, Section 10b CEO totalDEF 14A2025-09-230001140361-25-035861CEO total compensation as printed in Aviat Networks's own proxy. As printed: 3,772,051. Filing ↗machine: t102 · r2 · c21 · span 465516–465525
348x8, Section 10b CEO totalDEF 14A2026-06-240001023731-26-000089CEO total compensation as printed in 8x8's own proxy. As printed: 2,495,614. Filing ↗machine: t111 · r2 · c12 · span 929262–929271
35Digital Turbine, Section 10b CEO totalDEF 14A2025-07-170001628280-25-035216CEO total compensation as printed in Digital Turbine's own proxy. As printed: 2,483,750. Filing ↗machine: r2 · c48 · span 292859–292868
36Xperi (subject), Section 10b CEO totalDEF 14A2026-03-040001788999-26-000004CEO total compensation as printed in Xperi's own proxy. As printed: 2,342,659. Filing ↗machine: r7 · c22 · span 1024131–1024140
37Turtle Beach, Section 10b CEO totalDEF 14A2026-04-210001193125-26-167148CEO total compensation as printed in Turtle Beach's own proxy. As printed: 2,125,792. Filing ↗machine: span 778170–778179
38Consensus Cloud Solutions, Section 10b CEO totalDEF 14A2026-04-240001140361-26-016729CEO total compensation as printed in Consensus Cloud Solutions's own proxy. As printed: 1,800,548. Filing ↗machine: r2 · c19 · span 496972–496981
39Universal Electronics, Section 10b CEO totalDEF 14A2026-04-080001193125-26-147716CEO total compensation as printed in Universal Electronics's own proxy. As printed: 1,261,190. Filing ↗machine: r2 · c27 · span 542101–542110
40Section 10a, LiveRamp Holdings reciprocityDEF 14A0001104659-25-063301LiveRamp Holdings's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
41Section 10a, Aviat Networks reciprocityDEF 14A0001140361-25-035861Aviat Networks's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
42Section 10a, Turtle Beach reciprocityDEF 14A0001193125-26-167148Turtle Beach's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
43Section 10a, Universal Electronics reciprocityDEF 14A0001193125-26-147716Universal Electronics names Xperi in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, Digital Turbine reciprocityDEF 14A0001628280-25-035216Digital Turbine's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
45Section 10a, NETGEAR reciprocityDEF 14A0001193125-26-159312NETGEAR's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
46Section 10a, Vimeo reciprocityDEF 14A0001104659-25-041232Vimeo's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
47Section 10a, Arlo Technologies reciprocityDEF 14A0001140361-26-016680Arlo Technologies names Xperi in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Harmonic reciprocityDEF 14A0001140361-26-016701Harmonic names Xperi in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, Ribbon Communications reciprocityDEF 14A0001104659-26-044643Ribbon Communications's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
50Section 10a, Adeia reciprocityDEF 14A0001193125-26-124075Adeia's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
51Section 10a, Infinera reciprocityDEF 14A0001138639-24-000128Infinera's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
52Section 10a, Cerence reciprocityDEF 14A0001628280-26-000012Cerence's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
53Section 10a, Dolby Laboratories reciprocityDEF 14A0001193125-25-320032Dolby Laboratories's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
54Section 10a, Consensus Cloud Solutions reciprocityDEF 14A0001140361-26-016729Consensus Cloud Solutions's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗
55Section 10a, Knowles reciprocityDEF 14A0001587523-26-000010Knowles's most recent proxy was read; its disclosed peer group does not include Xperi. Filing ↗