DEF 14A of Agilent Technologies, Inc.
Filed Feb 6, 2026 · FY20250001193125-26-040286
Director Nominees
Director Nominees The Board is currently divided into three classes serving staggered three-year terms. The following table provides summary information about each of the four director nominees who are being voted on at the annual meeting.
Director Nominees
| NAME | AGE | DIRECTOR SINCE | OCCUPATION | COMMITTEE MEMBERSHIPS | | Judy Gawlik Brown | 57 | 2025 | Founder and CEO of Downtown Advisory and Former Senior Vice President, Corporate Affairs and Senior Vice President, Finance of Amgen Inc. | Audit and Finance | | Sue H. Rataj | 69 | 2015 | Former Chief Executive of BP p.l.c. - Petrochemicals | Audit and Finance | | George A. Scangos, Ph.D. | 76 | 2011 | Former CEO of Vir Biotechnology, Inc. | Compensation (Chair) Nominating/Corporate Governance | | Dow R. Wilson | 66 | 2018 | Former President and CEO of Varian Medical Systems, Inc. | Audit and Finance (Chair) Nominating/Corporate Governance |
Director Nominees
| | SUMMARY INFORMATION |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029 Directors elected at the 2026 annual meeting will hold office for a three-year term expiring at the annual meeting in 2029 (or until their respective successors are elected and qualified, or until their earlier death, resignation or removal). All nominees are currently serving as our directors. To the best knowledge of the Board, all of the nominees are able and willing to serve. Each nominee has consented to be named in this proxy statement and to serve if elected. Information regarding each nominee is provided below as of December 31, 2025. There are no family relationships among our executive officers and directors.
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| JUDY GAWLIK BROWN | | | | | | Age: 57 | Board Committees: | | Other Public Directorships: | | | Director Since: May 2025 | • | Audit and Finance | • | Belden Inc. | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Ms. Brown is the Founder of Downtown Advisory, a Los Angeles based consultancy specializing in consumer healthcare, wellness, biotechnology and pharmaceutical clients, founded in November 2023. Previously, Ms. Brown served as Senior Vice President, Corporate Affairs of Amgen Inc., a global leader in biotechnology, from October 2018 through December 2022, and as Senior Vice President Global Business Solutions & Finance from April 2017 to October 2018. Prior to Amgen Inc., Ms. Brown served as Executive Vice President and Chief Financial Officer and Chief Business Officer of Perrigo Company (“Perrigo”), a global healthcare supplier of over-the-counter pharmaceutical products, from 2006 until her departure in February 2017, and as Vice President and Controller from 2004 to 2006. Prior to working at Perrigo, Ms. Brown worked for eight years at EY, a global accounting and advisory firm. Since 2008, Ms. Brown has served as an independent director for Belden Inc., where she serves as the chair of their Finance Committee and a member of the Audit Committee and has overseen multiple CEO transitions, portfolio transformations and leadership team evolutions.
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| | PROPOSAL 1 - ELECTION OF DIRECTORS |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Ms. Brown has deep knowledge of the healthcare and biotech industries and possesses significant experience in management and financial matters, having served as Chief Financial Officer and other executive positions of large public companies. Ms. Brown brings public company director experience and knowledge of public company management and governance practices. In addition, Ms. Brown is a certified public accountant with eight years of experience working domestically and internationally with EY.
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| SUE H. RATAJ | | | | | | Age: 69 | Board Committees: | | Other Public Directorships: | | | Director Since: September 2015 | • | Audit and Finance | • | None | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | Cabot Corporation | | |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Ms. Rataj was a member of the board of directors of Cabot Corporation (“Cabot”), a global specialty chemicals and performance materials company, from September 2011 to May 2024. She retired as the independent Chairperson of the Board of Directors of Cabot in October 2023. She was Chief Executive, Petrochemicals of BP p.l.c. (“BP”), a global energy company, until she retired in April 2011. In this role, she held responsibility for all of BP’s global petrochemical operations. Prior thereto, Ms. Rataj held a variety of senior management positions with BP, most recently serving as Group Vice President, Health, Safety, Operations and Technology for the Refining and Marketing Segment. Qualifications Ms. Rataj possesses significant leadership experience and business expertise from her executive positions with BP. Ms. Rataj has lived and worked extensively in the Asia Pacific and European regions and brings a global perspective to the Board. In addition, Ms. Rataj brings public company director experience and knowledge of public company management and governance practices.
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| GEORGE A. SCANGOS, Ph.D. | | | | | | Age: 76 | Board Committees: | | Other Public Directorships: | | | Director Since: January 2011 | • | Compensation (Chair) | • | Voyager Therapeutics, Inc. | | | • | Nominating/Corporate Governance | | | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | Vir Biotechnology, Inc. | | |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Dr. Scangos retired as Chief Executive Officer of Vir Biotechnology, Inc. (“Vir Biotechnology”), a clinical-stage biopharmaceutical company, in April 2023, where he also served as a director from January 2017 to May 2025. Dr. Scangos has served on the board of directors of Voyager Therapeutics, Inc. since May 2023. He is a co-founder and the Chairperson of the Board of Rezo Therapeutics, Inc., a privately-held biotechnology company, since May 2023. From July 2010 to January 2017, Dr. Scangos served as the Chief Executive Officer and is a member of the board of directors of Biogen Inc., a biopharmaceutical company. From 1996 to July 2010, Dr. Scangos served as the President and Chief Executive Officer of Exelixis, Inc., a drug discovery and development company. From 1993 to 1996, Dr. Scangos served as President of Bayer Biotechnology, a multinational pharmaceutical and biotechnology company, where he was responsible for research, business development, process development, manufacturing, engineering and quality assurance of Bayer’s biological products. Before joining Bayer in 1987, Dr. Scangos was a Professor of Biology at Johns Hopkins University beginning in 1981. Dr. Scangos served as the Chair of the California Healthcare Institute in 2010 and was a member of the board of the Global Alliance for TB Drug Development from 2006 until 2010. He currently serves on the board of advisors of the University of California, San Francisco and is an Adjunct Professor of Biology at Johns Hopkins University. Dr. Scangos has extensive training as a scientist, possesses significant knowledge and experience with respect to the biotechnology, healthcare and pharmaceutical industries, and has a comprehensive leadership background resulting from service on both public and private company boards of directors and as an executive in the pharmaceutical industry.
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| | PROPOSAL 1 - ELECTION OF DIRECTORS |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
| DOW R. WILSON | | | | | | Age: 66 | Board Committees: | | Other Public Directorships: | | | Director Since: March 2018 | • | Audit and Finance (Chair) | • | Siemens Healthineers AG | | | • | Nominating/Corporate Governance | | | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | Varian Medical Systems, Inc. | | |
Director Nominees for Election to New Three-Year Terms That Will Expire in 2029
Since February 2023, Mr. Wilson has served on the board of Siemens Healthineers AG, a multinational company specializing in medical technology. From September 2012 to April 2021, Mr. Wilson served as President and Chief Executive Officer of Varian Medical Systems, Inc. (“Varian”), a healthcare company. Prior to that, Mr. Wilson served in various capacities with Varian, including as Executive Vice President and Chief Operating Officer from October 2011 to September 2012 and as Vice President, Varian Medical and President of Varian Medical Oncology Systems business from January 2005 to September 2011. Prior to joining Varian Medical in 2005, Mr. Wilson held various senior management positions with GE Healthcare Technologies, Inc. (“GE Healthcare”), a health technology company. Qualifications Mr. Wilson has a deep knowledge of the medical and healthcare industries as well as significant experience in management and financial matters through serving as President and Chief Executive Officer of Varian. He also has critical insight into operational requirements of a company with worldwide reach, knowledge of corporate and business unit strategies and operational expertise, gained from his executive management experience at GE Healthcare and Varian. In addition, Mr. Wilson brings public company director experience and knowledge of public company management and governance practices.
Directors Whose Terms are not Expiring in 2026
Directors Whose Terms are not Expiring in 2026 The directors whose terms are not expiring this year and who will continue to serve as a director are listed below. They will continue to serve as directors for the remainder of their terms or such other date, in accordance with our Bylaws. Information regarding each of such directors is provided below as of December 31, 2025.
Directors Whose Terms Expire in 2027
Directors Whose Terms Expire in 2027
Directors Whose Terms Expire in 2027
| MALA ANAND | | | | | | Age: 58 | Board Committees: | | Other Public Directorships: | | | Director Since: March 2019 | • | Compensation | • | None | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Directors Whose Terms Expire in 2027
Ms. Anand has served as President & Chief Customer Experience Officer of Microsoft Corporation (“Microsoft”), a technology company, since October 2025. As Chief Customer Experience Officer of Microsoft, she leads the end-to-end delivery of technical services and AI implementations across Microsoft’s global customer base. Her team orchestrates complex deployments of advanced AI solutions—including large language models, agentic systems, and intelligent automation—integrated seamlessly in enterprise environments. The team drives measurable business outcomes by aligning technical execution with customer success, accelerating time-to-value, and enabling scalable transformation. Ms. Anand previously served as Corporate Vice President, Customer Experience of Microsoft from November 2019 to September 2025. Prior to joining Microsoft, she served as President, Intelligent Enterprise Solutions and Industries of SAP SE, a software company, from October 2016 to October 2019. Ms. Anand served as Senior Vice President, Data & Analytics and Automation Software Platform group at Cisco Systems, Inc. (“Cisco”), a digital communications technology company, from July 2014 to October 2016 and as Vice President and General Manager, Services Platform Group at Cisco from October 2007 to June 2014. Prior to that, Ms. Anand held various senior executive positions in software products, go-to-market, services, and technology businesses and served as the entrepreneur-in-residence for Kleiner Perkins, a venture capital firm. Qualifications Ms. Anand possesses significant leadership and experience in software and analytics, including holding multiple technology patents from her time at Cisco, which provides her valuable insight into the role of digital technology in the life science field. In addition, Ms. Anand has executive and operation expertise gained from executive management experience at large, global organizations.
Directors Whose Terms Expire in 2027
| KOH BOON HWEE | | | | | | Age: 75 | Board Committees: | | Other Public Directorships: | | | Director Since: May 2003 | • | Executive (Chair) | • | Singapore Exchange Ltd. | | | • | Nominating/Corporate Governance (Chair) | | | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | Far East Orchard Ltd. | | | | | • | Sunningdale Tech, Ltd. (formerly a public company) | | |
Directors Whose Terms Expire in 2027
Mr. Koh has served as the Independent Chairperson of the Board since March 2017. Since January 2023, Mr. Koh has been the Chairman and Non-Executive and Independent Director of the Singapore Exchange Ltd. He has been the Chairman and General Partner of Altara Ventures Pte. Ltd., a venture capital fund, since December 2011. Since April 2021, Mr. Koh has served as the Non-Executive Chairperson and Non-Executive Director of Sunningdale Tech Ltd., a manufacturing company that has been privately held since April 2021 (“Sunningdale Tech”). While Sunningdale Tech was a public company, Mr. Koh served as the Non-Executive Chairman and Non-Executive Director from January 2009 to March 2021, and as its Executive Chairman and Chief Executive Officer from July 2005 to January 2009. He served as the Chairperson and Non-Executive Director of Far East Orchard Ltd., a real estate company, from April 2013 to April 2022; as the Chairman, Independent and Non-Executive Director of Yeo Hiap Seng Ltd., a Singaporean beverage company, from April 2010 to December 2019; as Executive Director of MediaRing Limited, a communications company (“MediaRing”), from February 2002 to August 2009; as Chairperson of the board of directors of DBS Bank Ltd. (“DBS Bank”) from January 2006 to April 2010; as Chairperson of the board of directors of Singapore Airlines from July 2001 to December 2005 and Chairperson of the board
Directors Whose Terms Expire in 2027
| | PROPOSAL 1 - ELECTION OF DIRECTORS |
Directors Whose Terms Expire in 2027
of directors of Singapore Telecom from April 1992 to August 2001. Mr. Koh previously spent 14 years with Hewlett-Packard Company (“Hewlett-Packard”) in its Asia Pacific region. Mr. Koh possesses a strong mix of leadership and operational experience from his various senior positions with multiple private and public companies, such as Sunningdale Tech, MediaRing Limited, DBS Bank, Singapore Airlines and Singapore Telecom. In addition, Mr. Koh has deep experience in the Asia Pacific region and brings that knowledge and perspective to the Board. Mr. Koh has extensive experience with our Company and its predecessor, Hewlett-Packard, having served on the Board for over 20 years and having spent 14 years with Hewlett-Packard. In addition, Mr. Koh brings public company director experience and knowledge of public company management and governance practices.
Directors Whose Terms Expire in 2027
| PADRAIG MCDONNELL | | | | | | Age: 54 | Board Committees: | | Other Public Directorships: | | | Director Since: May 2024 | • | Executive | • | None | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Directors Whose Terms Expire in 2027
Mr. McDonnell has served as our President and Chief Executive Officer since May 2024. From February 2024 to May 2024, he served as Senior Vice President, Chief Operating Officer, and CEO-elect. Mr. McDonnell served as Agilent's Chief Commercial Officer and President of Agilent CrossLab Group from November 2021 to February 2024. From May 2020 to November 2021, he served as Senior Vice President of Agilent and President of Agilent CrossLab Group. From November 2016 to April 2020, he served as Vice President and General Manager of the Chemistries and Supplies Division. Prior to that, he served as Vice President and General Manager of Laboratory Solutions Sales for the EMEAI region. Mr. McDonnell has previously held a variety of positions with Agilent and Hewlett-Packard. Qualifications Mr. McDonnell has broad and deep experience with the Company and its businesses having been an employee of the Company and its predecessor, Hewlett-Packard, for over 28 years. During his career, he has developed considerable expertise in, and in-depth knowledge of, our businesses from the perspective of an individual contributor and at numerous levels of management. This perspective, as well as serving as the Company's Chief Executive Officer, provides valuable insight to the Board.
Directors Whose Terms Expire in 2027
| DANIEL K. PODOLSKY, M.D. | | | | | | Age: 72 | Board Committees: | | Other Public Directorships: | | | Director Since: July 2015 | • | Audit and Finance | • | None | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Directors Whose Terms Expire in 2027
Dr. Podolsky has served as President of the University of Texas Southwestern Medical Center, a leading academic medical center, patient care provider and research institution, since September 2008. Previously, Dr. Podolsky also served concurrently as Mallinckrodt Professor of Medicine at Harvard Medical School and the Chief of Gastroenterology at Massachusetts General Hospital. From 2005 to 2008, Dr. Podolsky served as Chief Academic Officer and Faculty Dean, Academic Programs of Partners Healthcare System, Inc., a non-profit health care system committed to patient care, research, teaching and service. Dr. Podolsky holds the Philip O’Bryan Montgomery, Jr., M.D. Distinguished Presidential Chair in Academic Administration, and the Charles Cameron Sprague Distinguished Chair in Biomedical Science. He is a former President of the American Gastroenterological Association and, in 2008, was elected to the National Academy of Medicine. Dr. Podolsky is a member of the board of the Southwestern Medical Foundation. Dr. Podolsky brings deep scientific expertise to the Board. His current responsibilities in leading a large academic medical center give him relevant insight into healthcare delivery, and he brings that knowledge and insight to the Board.
Directors Whose Terms Expire in 2027
| | PROPOSAL 1 - ELECTION OF DIRECTORS |
Directors Whose Terms Expire in 2028
Directors Whose Terms Expire in 2028
Directors Whose Terms Expire in 2028
| OTIS W. BRAWLEY, M.D. | | | | | | Age: 66 | Board Committees: | | Other Public Directorships: | | | Director Since: November 2021 | • | Compensation | • | Incyte Corporation | | | | | • | Lyell Immunopharma, Inc. | | | | | • | PDS Biotechnology Corp | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Directors Whose Terms Expire in 2028
Since 2019, Dr. Brawley has served as the Bloomberg Distinguished Professor of Oncology and Epidemiology at Johns Hopkins University. From 2007 to 2018, he served as the Chief Medical and Scientific Officer at the American Cancer Society. He served as an Internist and Oncologist and Professor of Hematology, Oncology, Medicine and Epidemiology at Emory University from 2001 to 2018. Dr. Brawley has served on the board of directors of Incyte Corporation, a public biotechnology company, since September 2021, the board of directors of Lyell Immunopharma, Inc., a public biotechnology company, since April 2021, and the board of directors of PDS Biotechnology Corp, a public biotechnology company, since November 2020. Qualifications Dr. Brawley brings to the Board scientific expertise and relevant insight into healthcare delivery through his current responsibilities in a leading large academic medical center. In addition, Dr. Brawley brings considerable public company director experience.
Directors Whose Terms Expire in 2028
| MIKAEL DOLSTEN, M.D., Ph.D. | | | | | | Age: 67 | Board Committees: | | Other Public Directorships: | | | Director Since: September 2021 | • | Audit and Finance | • | Rocket Pharmaceuticals, Inc. | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | Karyopharm Therapeutics Inc. | | | | | • | Vimian Group AB | | |
Directors Whose Terms Expire in 2028
Since March 2025, Dr. Dolsten has served as the Founding CEO and Chairman of the Board of Quarry Thera, LLC, a biotechnology company. Previously, he served as President of Worldwide Research, Development and Medical, Chief Scientific Officer and Executive Vice President of Pfizer, Inc. (“Pfizer”), a public biopharmaceutical company, from 2010 to January 2025 and as advisor to the CEO from January 2025 to February 2025. Dr. Dolsten has served as President of Worldwide Research and Development and Senior Vice President of Pfizer from May 2010 until December 2010 and President of Pfizer BioTherapeutics Research & Development Group and Senior Vice President of Pfizer from 2009 until 2010. From 2008 to 2009, Dr. Dolsten served as Senior Vice President of Wyeth Pharmaceuticals, Inc. (“Wyeth”), a public biopharmaceutical company that was acquired by Pfizer in 2009, and President of Wyeth Research from 2008 to 2009. Prior to joining Wyeth, Dr. Dolsten was a Private Equity Partner at Orbimed Advisors, LLC and Executive Vice President, Head of Pharma Research at Boehringer Ingelheim, a pharmaceutical company. Dr. Dolsten also previously held research leadership positions at AstraZeneca PLC (“AstraZeneca”), Pharmacia and Upjohn Company. Dr. Dolsten served on the board of directors of Karyopharm Therapeutics Inc., a public pharmaceutical company, from March 2015 to December 2021, and on the board of directors of Vimian Group AB, a public company supporting veterinary professionals, from April 2021 to May 2024. Since September 2024, Dr. Dolsten has served on the board of directors of Rocket Pharmaceuticals, Inc., a public biopharmaceutical company. Additionally, Dr. Dolsten is a board member of several private biotechnology and AI oriented companies. Dr. Dolsten has significant experience in the pharmaceutical and biotechnology industries, including his experience serving in senior management positions with Pfizer, Wyeth, Boehringer Ingelheim, AstraZeneca, Pharmacia and Upjohn Company. In addition, Dr. Dolsten brings considerable public company director experience as well as extensive experience within our industry and expertise in business finance.
Directors Whose Terms Expire in 2028
| | PROPOSAL 1 - ELECTION OF DIRECTORS |
Directors Whose Terms Expire in 2028
| PASCAL SORIOT | | | | | | Age: 66 | Board Committees: | | Other Public Directorships: | | | Director Since: May 2025 | • | Compensation | • | AstraZeneca PLC | | | Former Public Directorships Held During the Past Five Years: | | | | | | • | None | | |
Directors Whose Terms Expire in 2028
Mr. Soriot has served as an Executive Director on the board of directors and Chief Executive Officer of AstraZeneca since October 2012. Prior to joining AstraZeneca, Mr. Soriot served as the Chief Operating Officer of Roche Pharma AG (“Roche”) from January 2010 until August 2012. Prior to that, he served as the Chief Executive Officer of Genentech, Inc. from April 2009 to 2010, until its merger with Roche. In 2022, Mr. Soriot received a knighthood for services to life sciences and leadership in the global response to the COVID-19 pandemic. Mr. Soriot has also served as a director of Sustainable Markets Initiative Limited since April 2023. Mr. Soriot has significant experience leading one of the world’s largest pharmaceutical companies, and brings to the Board his extensive experience in the life sciences industry and previous leadership and management roles.
Directors Whose Terms Expire in 2028
| | COMPENSATION OF NON-EMPLOYEE DIRECTORS |
Directors Whose Terms Expire in 2028
COMPENSATION OF NON-EMPLOYEE DIRECTORS Directors who are employed by us do not receive any compensation for their Board services. As a result, Mr. McDonnell, our Chief Executive Officer, received no additional compensation for his services as a director. The general policy of the Board is that compensation for non-employee directors should be a mix of cash and equity-based compensation that is competitive with the compensation paid to non-employee directors within our peer group. The non-employee directors’ compensation plan year begins on March 1 of each year (the “Plan Year”).
Summary of Non-Employee Director Annual Compensation for the 2025 Plan Year
| | COMPENSATION OF NON-EMPLOYEE DIRECTORS |
Non-Employee Director Compensation for Fiscal Year 2025
Non-Employee Director Compensation for Fiscal Year 2025 The table below sets forth information regarding the compensation earned by each of our non-employee directors during the fiscal year ended October 31, 2025:
Non-Employee Director Compensation for Fiscal Year 2025
| | Cash | Independent | Committee | Audit Committee | Stock | | | | Retainer (1) | Chair Retainer (1) | Chair Retainer (1) | Member Retainer (1) | Awards (2)(3) | Total | | Name | ($) | ($) | ($) | ($) | ($) | ($) | | Mala Anand | 105,000 | - | - | - | 220,426 | 325,426 | | Otis W. Brawley, M.D. | 105,000 | - | - | - | 220,426 | 325,426 | | Judy Gawlik Brown(4) | 81,986 | - | - | 4,521 | 182,642 | 269,149 | | Mikael Dolsten, M.D., Ph.D. | 105,000 | - | - | 10,000 | 220,426 | 335,426 | | Koh Boon Hwee (5) | 105,000 | 155,000 | - | - | 220,426 | 480,426 | | Heidi Kunz(6) | 105,000 | - | - | - | 220,426 | 325,426 | | Daniel K. Podolsky, M.D. | 105,000 | - | - | 10,000 | 220,426 | 335,426 | | Sue H. Rataj | 105,000 | - | - | 10,000 | 220,426 | 335,426 | | George A. Scangos, Ph.D. | 105,000 | - | 20,000 | - | 220,426 | 345,426 | | Pascal Soriot(7) | 81,986 | - | - | - | 182,642 | 264,628 | | Dow R. Wilson | 105,000 | - | 25,000 | - | 220,426 | 350,426 |
Non-Employee Director Compensation for Fiscal Year 2025
1. Reflects all cash compensation earned or paid during fiscal year 2025, including amounts deferred pursuant to the Director Deferral Plan. Dr. Brawley elected to defer 100% of all cash fees earned in fiscal year 2025 to the Director Deferral Plan. The number of deferred shares of our common stock notionally credited in lieu of cash pursuant to the Director Deferral Plan is determined by dividing the dollar value of the deferred cash amount by the twenty (20) day average fair market value for the applicable deferral date. 2. Reflects the aggregate grant date fair market value for stock awards granted in fiscal year 2025 calculated in accordance with ASC Topic 718. For more information regarding our application of ASC Topic 718, including the assumptions used in the calculations of these amounts, please refer to Note 5 of our Consolidated Financial Statements contained in our Annual Report. The dollar values of the stock awards represent stock grants of 1,819 shares for each non-employee director. 3. Stock awards granted to non-employee directors vest immediately upon grant. Therefore, there are no unvested stock awards outstanding at fiscal year-end. 4. Ms. Brown joined the Board effective May 20, 2025 and was appointed to the Audit and Finance Committee effective September 17, 2025. 5. Mr. Koh has served as the Independent Chairperson of the Board since March 15, 2017. 6. Ms. Kunz retired from the Board effective May 21, 2025. 7. Mr. Soriot joined the Board effective May 20, 2025.
Transactions with Related Persons
| * Mr. Gonsalves was named Interim CFO effective as of July 31, 2025. Adam S. Elinoff was appointed CFO effective November 17, 2025. | | ** Mr. McMahon resigned from Agilent effective as of July 31, 2025. |
Chief Financial Officer Transition
Chief Financial Officer Transition Effective July 31, 2025, Mr. McMahon resigned from his position as Agilent's Senior Vice President, CFO. Effective as of the same date, Mr. Gonsalves, our Corporate Controller and Principal Accounting Officer, was appointed as our interim CFO while we conducted a global search for a new CFO. In consultation with its independent compensation consultant, the Board recognized Mr. Gonsalves' interim appointment with two incremental pay actions for taking on additional responsibility: • Mr. Gonsalves received a cash stipend of $8,654 for each bi-weekly pay period he served as interim CFO. The Compensation Committee considered the competitive pay gap between Mr. Gonsalves' then-current base salary and market levels to determine the stipend amount. • He also received a one-time Restricted Stock Unit (“RSU”) award with a target value of $1,000,000 that vests in full 12 months following the grant date, with a mandatory one-year post vest holding period. On October 23, 2025, Agilent appointed Adam Elinoff as Senior Vice President and Chief Financial Officer and Principal Financial Officer of the Company effective November 17, 2025. Upon the effective date of Mr. Elinoff's appointment, Mr. Gonsalves transitioned back to serving as the Company's Vice President, Corporate Controller and Principal Accounting Officer.
Chief Financial Officer Transition
In connection with Mr. Elinoff's employment, the Compensation Committee approved the following compensation package: Effective as of November 17, 2025, a base salary of $700,000 and eligibility to participate in our short-term annual incentive program equal to 80% of his base salary, • Effective as of November 18, 2025, a grant of (i) RSUs for fiscal year 2026 with a target value of $1,100,000 that vests 25% per year over four years and (ii) performance stock units for the fiscal year 2026 to fiscal year 2028 performance period with a target value of $1,650,000, and • A one-time sign-on grant of (i) cash bonus of $800,000, subject to repayment if Mr. Elinoff terminates his employment for any reason within twelve months; (ii) RSUs with a target value of $560,000 that vests 25% per year over four years; and (iii) performance stock units for the fiscal year 2026 to fiscal year 2028 performance period with a target value of $840,000.
Planned Changes for Fiscal Year 2026
Planned Changes for Fiscal Year 2026 The Compensation Committee remains committed to ensuring that Agilent’s executive compensation programs are aligned with our pay-for-performance philosophy and continue to support the company’s strategic priorities and long-term shareholder value. For fiscal year 2026, the Compensation Committee approved updates to the Short-Term and Long-Term Incentive Plans to simplify the structure, improve clarity, and reinforce accountability for business outcomes. These changes strengthen alignment with the CEO’s strategic goals and enhance differentiation based on performance. For fiscal year 2026, the Short-Term Incentive Plan will be based on financial goals weighted at 50% Revenue, 25% Operating Margin and 25% EPS, subject to a +/-10% strategic multiplicative modifier based on quantifiable non-financial targets and a +/-10% individual performance multiplicative modifier. Short-term incentive payouts will still be capped at 200%. The Long-Term Incentive Plan will be revised to eliminate 1-year EPS goals in response to shareholder feedback and will transition to a mix of 60% performance share units (“PSUs”) and 40% time-based RSUs. PSU awards will be earned solely based on 3-year relative TSR performance against the S&P 500 Healthcare Index (with the Materials Index removed). RSUs will continue to vest ratably over 4 years. Along with these changes, the one‑year post‑vest hold requirement will transition to a guideline for CEO staff to hold 50% of shares until ownership guidelines are met. The Company will discontinue the use of stock options.
Compensation Governance and Principles
| Philosophy / Practice | | Result | | We structure compensation to create strong alignment with stockholder interests | | Significant majority of pay is “at risk,” delivered via performance-based vehicles such as long-term performance stock units and annual cash incentives. | | | | Robust stock ownership guidelines. | | | | Mandatory one-year post-vest holding period on annual performance awards under the long-term performance plan and executive RSU awards granted between fiscal years 2016 and 2025. | | We design our programs to avoid excessive risk taking* | | Strong recoupment and anti-hedging and pledging policies in place. | | | | Annual compensation risk assessment. | | | | Balanced internal and external goals. | | We follow best practices in executive compensation design | | Limited perquisites. | | | | Double trigger on change in control benefit provisions and no tax gross-up agreements. | | | | Different metrics are used for the short-term and long-term incentive programs. | | | X | No dividends / dividend-equivalents on unearned performance awards and unvested stock awards. | | | X | No acceleration of vesting of equity awards, including LTPP performance stock units, upon retirement (awards continue to vest subject to age and service requirements). |
Principles for Determining Executive Pay
| Elements of Pay | | | | Base Pay | | Baseline for competitive total compensation. | | | | Normally 20% or less of total direct compensation for NEOs. | | Short-Term Incentives | | Focuses executives on critical operating and strategic goals best measured annually. | | | | Provides downside risk for underperformance and upside reward for success. | | | | Leverages financial measures such as revenue and operating margin, supplemented with select strategic initiatives. | | Long-Term Incentives | | Significant majority of NEO target compensation is performance-based and “at risk”. | | | | Motivates and rewards multi-year stockholder value creation. | | | | Facilitates executive stock ownership. | | | | Enables retention. | | | | Delivered through performance stock units, stock options and RSUs, with a mandatory one-year post-vest holding period for performance stock units and RSUs granted between fiscal years 2016 and 2025 to encourage long-term orientation. | | | | Performance measures include long-term financial objectives and the relative performance of our stock against our peers. |
Independent Compensation Committee and Consultant
Independent Compensation Committee and Consultant The Compensation Committee is composed solely of independent members of the Board and operates under a Board-approved charter which outlines the Committee’s major duties and responsibilities. This charter can be accessed by clicking on “Committee Charters” in the “Governance” section of the web page at www.investor.agilent.com. Semler Brossy, our independent compensation consultant, does not perform any other work for us, does not trade our stock, has independence policies that are reviewed annually and has agreed to proactively notify the Compensation Committee chair of any potential or perceived conflicts of interest. The Compensation Committee found no conflict of interest during fiscal year 2025. For fiscal year 2025, our independent compensation consultant advised the Compensation Committee on several compensation matters, including but not limited to: • Senior leadership transition, including compensation proposals for incoming senior leaders and interim CFO; • Criteria used to identify peer companies for executive compensation and performance metrics; • Evaluation of our total direct compensation levels and mix for the NEOs and four other senior officers; • Mix of long-term incentives, grant types and allocation of equity awards; • Review of the short- and long-term incentive programs for fiscal year 2025; • Review of market trends and governance practices; • Risk assessment of incentive pay practices; • Board of Directors compensation; • Review of various other proposals presented to the Compensation Committee by management; and Support for stockholder outreach campaign.
Independent Compensation Committee and Consultant
Role of Management The CEO and the Chief Human Resources Officer consider the performance, capabilities and scope of responsibilities of each of our named executive officers, other than the CEO, and the compensation package they believe will attract, retain and motivate these senior leaders. The Chief Human Resources Officer does not provide input on setting her own compensation. A comprehensive analysis is conducted using a combination of the market data based on our compensation peer group and proxy data, performance against targets, and overall performance assessment. This data is used to determine if an increase recommendation in compensation is warranted and the amount and type of any increase for each of the total compensation components for the then-current fiscal year. After consulting with the Chief Human Resources Officer, the CEO makes compensation recommendations for each of our NEOs, other than for his own compensation, to the Compensation Committee, at its first meeting of the fiscal year. Members of our legal department, including our Chief Legal Officer, regularly provide legal support to the Compensation Committee, but do not participate in meetings where their own compensation is being discussed. Process for Determining Compensation To determine total target compensation for fiscal year 2025, the Compensation Committee considered: • The performance of each individual executive for the prior fiscal year; • The most recent peer group data from our independent compensation consultant; • Our short-and long-term business and strategic goals; and • Detailed tally sheets for the CEO and each NEO. Our independent compensation consultant presents and analyzes market data for each officer position and provides insight on market practices for the Compensation Committee’s review. Our consultant also collaborates with the Compensation Committee Chair to develop CEO pay recommendations. The Compensation Committee then approves the form and amount of compensation for all executive officers after considering the market data, company, business unit and individual performance, and the CEO’s compensation recommendations for his staff. Peer Group for Executive Compensation Each year, the Compensation Committee meets with our independent compensation consultant to review and approve the peer group companies that satisfy our selection criteria. For fiscal year 2025, our executive compensation peer group consisted of the 32 companies listed below, including 28 companies from the S&P 500 Health Care Index (excluding the Health Care Distributors, Health Care Facilities and Managed Health Care subsectors) with revenues between 0.5x and 2.5x our trailing twelve-month actual revenue, supplemented with four of our most direct competitors (Thermo Fisher, Danaher, Waters and Revvity). The range of annual revenues for peer group members was determined so that Agilent's annual revenue would fall around the median of the peer group. Based on the stated criteria, Cooper, DexCom, Moderna, Revvity and Solventum were added to the peer group entering fiscal year 2025 and Dentsply, Organon and PerkinElmer, which split into PerkinElmer and Revvity, were removed. We believe our approach determines a set of peers that is limited to our most direct competitors for talent, but large enough to provide year-over-year stability. We used data from this peer group to inform each NEO’s compensation for fiscal year 2025, with aggregate compensation targeted at around the peer group median.
Independent Compensation Committee and Consultant
For compensation decisions for fiscal year 2026, we maintained the same peer group selection criteria, which resulted in the removal of two peers (Catalent and Illumina). Peer Group for the Long-Term Performance Program The Compensation Committee believes that an expanded peer group is more appropriate for determining relative TSR under the Company’s LTPP, as an expanded peer group better represents a range of alternative investment options for stockholders and reduces the volatility inherent in small comparator groups. Therefore, the Compensation Committee continued to use the approximately 92 companies in the Health Care and Materials Indexes of the S&P 500 for determining TSR under the LTPP. Only companies that are included in one of these indexes at the beginning of the performance period and which have three years of stock price performance at the end of the performance period are included in the final calculation of results. Any change in the expanded peer group is solely due to S&P's criteria for inclusion in the indexes. CEO Compensation The Compensation Committee establishes the CEO’s compensation based on a thorough review of the CEO’s performance that includes: • An objective assessment against predetermined metrics set by the Compensation Committee; • Tally sheets; • Market data from our independent compensation consultant; • A self-evaluation by the CEO that the Compensation Committee discusses with the other independent directors; and • A qualitative evaluation of the CEO’s performance. The Compensation Committee reviews the CEO’s total direct compensation package annually and presents its recommendation to the other independent directors for review and comment before making the final determinations on compensation for the CEO.
Fiscal Year 2025 Compensation
| Financial Goals | Annual SalaryX | Individual Target Bonus % (varies by individual)X | Financial Portion of Target Bonus (75% to 100%)X | Attainment % (based on actual performance) | | Key Business Initiatives | Annual SalaryX | Individual Target Bonus % (varies by individual)X | Strategic Portion of Target Bonus (0% to 25%)X | Attainment % (based on actual performance) |
Fiscal Year 2025 Compensation
Payout Matrices to Measure Financial Metrics We use payout matrices to determine payout percentages for our fiscal year 2025 short-term incentive program. The payout matrices are designed to reward profitable growth by increasing payout percentages commensurate with increased adjusted operating margin and / or revenue achievement as illustrated in the table below.
Fiscal Year 2025 Compensation
Note: This specific payout matrix was used to determine the company level payout percentage. The payout percentage is determined by finding the intersection between goal attainments as a percentage of plan for each financial metric. Payout percentages are assigned to each intersection of revenue and adjusted operating margin percentage throughout the payout matrix. Payouts between the numbers represented in the table above are calculated on a linear payout matrix and the threshold amount for adjusted operating margin percentage must be met in order for a payout to be made. Payout matrices vary by business group. No payouts are awarded for Adjusted Operating Margin achievement below the 87% threshold. Financial Goals and Fiscal Year 2025 Operational Results The Performance-Based Compensation Plan financial goals were based on (1) our adjusted operating margin percentage and our revenue and (2) the adjusted operating margin percentage and revenue goals for each of the business units. The Compensation Committee chose those metrics because: • operating margin keeps focus on expense discipline and meeting efficiency measures; • revenue places focus on delivering strong top-line growth results; and • together, these metrics drive leveraged earnings growth that translates to higher EPS. The financial targets that must be met to receive the target payout are based on our financial plan. We use a non-GAAP adjusted operating margin that excludes the ongoing impact of certain mergers and acquisitions, currency, hedging and interest costs related to mergers and acquisitions. To determine earned awards, we use payout matrices that link the metrics and reflect threshold-to-maximum opportunities based on various achievement levels of the metrics. No awards are paid unless the operating margin percentage threshold is achieved and the maximum award under the plan is capped at 200% of the target award. The target metrics set for our short-term incentives and their corresponding results were as follows:
Fiscal Year 2025 Compensation
| | Operating Margin % | | | | | Revenue $ | | | | | | | Threshold | Target | Max | Results | Goal Attainment | Target (Mil) | Max (Mil) | Results (Mil) | Goal Attainment | Payout Percentage (Per Matrix) | | Agilent | 23.5% | 27.0% | 28.9% | 25.7% | 95.0% | $6,960 | $7,308 | $6,934 | 100% | 85.8% | | LDG | 17.8% | 20.5% | 21.9% | 19.8% | 96.5% | $2,738 | $2,875 | $2,719 | 99% | 90.0% | | ACG | 29.4% | 33.8% | 36.2% | 32.6% | 96.5% | $2,889 | $3,033 | $2,902 | 100% | 76.5% | | AMG | 20.9% | 24.0% | 25.7% | 22.9% | 95.5% | $1,333 | $1,399 | $1,312 | 98% | 84.7% |
Fiscal Year 2025 Compensation
Note: The adjusted non-GAAP operating margin and adjusted non-GAAP revenue measures used in our executive compensation programs may differ from GAAP and non-GAAP operating margin and GAAP and non-GAAP revenue as reported in our quarterly earnings releases as they exclude the impact of mergers and acquisitions, currency and hedging. See Appendix A to this proxy statement for a reconciliation to the most directly comparable GAAP financial measures. Key Business Initiatives – Targets and Results For fiscal year 2025, under the Performance-Based Compensation Plan, we continued to utilize annual key business initiatives to align NEOs’ objectives with strategic Company priorities. These key business initiatives are established at the same time as the financial goals and account for 25% of the total target bonus for each NEO who was assigned to key business initiatives. The maximum payout per NEO for satisfaction of the strategic component is the lesser of (i) up to 200% of key business initiative performance results or (ii) 0.75% of non-GAAP pre-tax earnings for the Company, and the Compensation Committee may exercise negative discretion in determining the final payout. For fiscal year 2025, the key business initiatives were chosen to align NEOs with the Ignite Enterprise Operating Model, designed to enhance speed, efficiency, and effectiveness in advancing the Company’s strategic priorities. The following table sets forth (i) each key business initiative and its threshold, target and maximum achievement levels, (ii) the NEOs assigned to each key business initiative, and (iii) the final attainment and payout percentage for each objective. If an NEO is assigned to more than one objective, the weighting is equally distributed. The targets were established with the rigor necessary to drive desired results for each initiative. For competitive purposes, specific threshold, target and maximum amounts are not shown in the descriptions that follow.
Fiscal Year 2025 Compensation
| Officer Assigned | Fiscal Year 2025 Key Business Initiative Description | Threshold (25%) | Target (100%) | Maximum (200%) | Payout Percentage | | May | Agilent Transformation: Acquisition Revenue ($M) | 80% of plan | Achieve Plan | 120% of plan | 0% | | All | Agilent Transformation: Incremental Savings ($M) | 67% of plan | Achieve Plan | 133% of plan | 140% | | Gonsalves, May, Riemann, McMahon | Agilent Transformation: Pricing Enhancements ($M) | 80% of plan | Achieve Plan | 120% of plan | 200% |
Fiscal Year 2025 Compensation
Note: If an NEO is assigned to more than one key business initiative within a category, those initiatives are equally weighted. For foreign exchange conversion purposes, all Orders/Revenue assume the November accounting rate. Actual payout tables for key business initiatives use a straight-line payout slope (and/or key milestones) from threshold to target and from target to maximum. Final payouts for each key business initiative are recommended by the CEO and approved by the Compensation Committee. Target Award Percentages and Fiscal Year 2025 Actual Payouts Our Compensation Committee set the fiscal year 2025 short-term incentive target amounts based on a percent of base salary pre-established for each NEO considering the relative responsibility of each NEO. For fiscal year 2025, short-term incentive target bonuses were set at 135% of base salary for Mr. McDonnell as the CEO, 60% of base salary for Mr. Gonsalves, 80% of base salary for Mr. May and Ms. Riemann, 75% of base salary for Mr. DiMarco and 90% of base salary for Mr. McMahon.
Long-Term Incentives
Long-Term Incentives Long-Term Incentives Granted in Fiscal Year 2025 The Compensation Committee places emphasis on company performance by delivering 60% of the annual NEO grants in performance awards and another 20% in stock options. The remaining 20% is provided in restricted stock units. Stock grant values were delivered as follows:
Long-Term Incentives
| Equity Vehicle | Weighting | Metric | Vesting | Holding Period | Payout Range | | Performance Stock Units | 30% | Relative Total Shareholder Return | 100% after 3rd year | One-year post-vest holding period | 0% to 200% share target | | Performance Stock Units | 30% | Annual Adjusted Earnings Per Share | 100% after 3rd year | | | | Stock Options | 20% | None | 25% each year over 4 years | N/A | N/A | | Restricted Stock Units | 20% | None | 25% each year over 4 years | One-year post-vest holding period | N/A |
Long-Term Incentives
| | COMPENSATION DISCUSSION AND ANALYSIS |
Long-Term Incentives
The target value of the long-term incentive awards is determined at the beginning of the then-current fiscal year for each NEO. The target value for grants made in fiscal year 2025 reflects the Compensation Committee’s judgment on the relative role of each NEO’s position within the company, as well as the performance of each NEO and benchmark data from our compensation peer group.
Long-Term Incentives
| | Type of Award / Value / # of Shares | | | | | | | | Total Target | | | Performance Stock Units - TSR | | Performance Stock Units - EPS | | Stock Options | | Restricted Stock Units | | Value of Long Term- Incentive Awards | | Name | ($) | (#) | ($) | (#) | ($) | (#) | ($) | (#) | ($) | | Padraig McDonnell | 2,925,000 | 15,693 | 2,925,000 | 23,350 | 1,950,000 | 45,202 | 1,950,000 | 15,656 | 9,750,000 | | Rodney Gonsalves | 255,000 | 1,368 | 255,000 | 2,036 | 170,000 | 3,941 | 1,170,000 | 10,396 | 1,850,000 | | Simon May | 645,000 | 3,460 | 645,000 | 5,149 | 430,000 | 9,968 | 430,000 | 3,452 | 2,150,000 | | Angelica Riemann | 600,000 | 3,219 | 600,000 | 4,790 | 400,000 | 9,272 | 400,000 | 3,212 | 2,000,000 | | Bret DiMarco | 712,500 | 3,823 | 712,500 | 5,688 | 475,000 | 11,011 | 475,000 | 3,814 | 2,375,000 | | Robert McMahon | 1,200,000 | 6,438 | 1,200,000 | 9,579 | 800,000 | 18,544 | 1,500,000 | 11,808 | 4,700,000 |
Long-Term Incentives
Note: The target number of shares is determined by dividing the target value of the applicable award by the product of the 20-day average stock price, for the period preceding the grant date, multiplied by the applicable accounting valuation. Note: The table above includes a one-time restricted stock unit retention grant for Mr. Gonsalves, with a target amount of $1,000,000, in recognition of his role as Interim CFO. This retention grant vests in full 12 months following the grant date and has a mandatory one-year post-vest holding period and is not subject to the retirement treatment applicable to all employees as defined on page 54. The table also includes a one-time restricted stock unit retention grant for Mr. McMahon, with a target amount of $700,000. This retention grant would have vested 100% 12 months following the grant date with a one-year post-vest holding period. As a result of Mr. McMahon's resignation from Agilent effective July 31, 2025, all of his fiscal year 2025 stock grants were forfeited. Performance Conditions for Performance Stock Units Granted in Fiscal Years 2024 and 2025 The Compensation Committee has established rolling three-year performance periods for determining earned performance stock units. The financial goals for the performance stock units for fiscal years 2024 and 2025 are based on relative TSR and adjusted earnings per share. Relative TSR aligns with stockholder interests as higher TSR results in higher potential returns for stockholders as well as ensuring a correlation between performance and payouts. Adjusted earnings per share ensures our executives are focused on long-term superior earnings growth. As noted above, our fiscal year 2025 short-term incentive program focuses on adjusted operating margin and revenue, which drive internal business strategies that in turn impact our TSR. Relative TSR Performance Stock Units – Fiscal Year 2024 to Fiscal Year 2026 Performance Period and Fiscal Year 2025 to Fiscal Year 2027 Performance Period Fifty percent of the performance stock units granted in fiscal year 2024 for the fiscal year 2024 to fiscal year 2026 performance period (“FY24-FY26 performance stock units”) and fifty percent of the performance stock units granted in fiscal year 2025 for the fiscal year 2025 to fiscal year 2027 performance period (“FY25-FY27 performance stock units”) had financial goals based on relative TSR versus all companies in our LTPP peer group, the S&P 500 Health Care and Materials Indexes for fiscal year 2024 through fiscal year 2026 and fiscal year 2025 through fiscal year 2027. The LTPP peer group companies are established at the beginning of the performance period and need to have three full years of stock price data to be used in the final relative TSR calculation. We believe that a 100% payout at median TSR performance is appropriate as it represents the right balance of risk versus reward for a long-term TSR plan. We want our plan to reward actions that improve stockholder returns over the long-term rather than motivate actions designed to bolster short-term stock price returns that may not be in the stockholders' long-term interests. The company does not establish an absolute TSR target as we believe performance is best measured on a relative basis against our selected LTPP peer group. Relative TSR performance stock units are completely “at risk” compensation because our performance must be at or above the 25th percentile for the individuals to receive any payout. The final and only payouts will be at the end of fiscal years 2026 and 2027 respectively, based on the relative TSR for the three-year performance period.
Long-Term Incentives
| | COMPENSATION DISCUSSION AND ANALYSIS |
Long-Term Incentives
The payout schedule determined by the Compensation Committee in fiscal year 2024 and fiscal year 2025 was as follows:
Long-Term Incentives
| | Payout as a | | | Percentage of | | Relative TSR Performance | Target | | Below 25th Percentile Rank (threshold) | 0% | | 25th Percentile Rank | 25% | | 50th Percentile Rank (target) | 100% | | 75th Percentile Rank and Above | 200% |
Long-Term Incentives
For purposes of determining the relative TSR awards, relative TSR reflects (i) the aggregate change in the 20-day average closing price of our stock versus each of the companies in our LTPP peer group, each as measured at the beginning and end of the three-year performance period plus (ii) the value (if any) returned to stockholders in the form of dividends or similar distributions, assumed to be reinvested on distribution date on a pre-tax basis. Earnings Per Share Performance Stock Units – Fiscal Year 2024 to Fiscal Year 2026 Performance Period and Fiscal Year 2025 to Fiscal Year 2027 Performance Period Fifty percent of the FY24-FY26 performance stock units and fifty percent of the FY25-FY27 performance stock units had financial goals based on adjusted earnings per share. Awards will be determined by calculating the adjusted earnings per share attained at the end of each of the three fiscal years in the performance period compared to the targets (which are set at the beginning of each fiscal year during the three-year performance period). The fiscal years 2024 and 2025 EPS targets were set at the mid-point and high-end of external guidance respectively, and issued at the beginning of each fiscal year. We use non-GAAP adjusted diluted earnings per share and all targets are subject to Compensation Committee approval. The final and only payouts will be at the end of fiscal year 2026 and 2027 respectively and will be based on an average of the payout percentage for each fiscal year. For the FY25-FY27 performance stock units, the final payout (average of three annual payout percentages) will be multiplied by a fiscal year 2027 Operating Margin modifier and the payout will be adjusted by up to +/-20% based on results. The threshold, target and maximum levels as well as fiscal year 2024 and fiscal year 2025 results are set forth in the tables below:
Long-Term Incentives
| | FY24-FY26 Performance Stock Units - EPS | | | | | | Fiscal Year | Threshold (25%) | Target (100%) | Maximum (200%) | Actual Adjusted EPS | Attainment Percentage | | FY24 | $5.16 | $5.55 | $5.94 | $5.25 | 42% | | FY25 | $5.18 | $5.57 | $5.96 | $5.58 | 103% | | FY26 | TBD | TBD | TBD | TBD | TBD | | Payout | | | | | TBD |
Long-Term Incentives
| | FY25-FY27 Performance Stock Units - EPS | | | | | | Fiscal Year | Threshold (25%) | Target (100%) | Maximum (200%) | Actual Adjusted EPS | Attainment Percentage | | FY25 | $5.18 | $5.57 | $5.96 | $5.58 | 103% | | FY26 | TBD | TBD | TBD | TBD | TBD | | FY27 | TBD | TBD | TBD | TBD | TBD | | Payout | | | | | TBD |
Long-Term Incentives
Note: The adjusted non-GAAP EPS measure used in our executive compensation programs for fiscal years 2023, 2024 and 2025 may differ from non-GAAP EPS as reported in our quarterly earnings releases as it excludes the impact of mergers and acquisitions, currency, hedging and interest costs related to mergers and acquisitions, material share repurchase deviations from plan and associated debt expense, and material differences in our corporate tax rate due to the impact of significant, unplanned tax legislation during the fiscal year. See Appendix A to this proxy statement for a reconciliation to the most directly comparable GAAP financial measure.
Long-Term Incentives
| | COMPENSATION DISCUSSION AND ANALYSIS |
Long-Term Incentives
Performance Stock Units Earned in Fiscal Year 2025 – Relative TSR Fifty percent of the FY23-FY25 performance stock units were measured based on relative TSR versus all companies in the S&P 500 Health Care and Materials Indexes for fiscal years 2023 through 2025 with the payout percentages as follows:
Long-Term Incentives
| | Peer Group TSR | Payout Percentage | | 75th Percentile | 44.9% | 200% | | Median | 4.2% | 100% | | 25th Percentile | -28.0% | 25% | | Agilent | 10.6% | 118% |
Long-Term Incentives
In November 2025, the Compensation Committee certified the relative TSR results for the fiscal year 2023 to fiscal year 2025 performance period. Agilent’s stock price performance was at the 55th percentile of our peer group and resulted in a 118% payout percentage. See table below:
Long-Term Incentives
| | Target Award (# of Shares) | Target Award Value ($) | Earned Award (as % of Target) | Earned Award (# of Shares) | | Padraig McDonnell | 3,451 | 600,000 | 118% | 4,072 | | Rodney Gonsalves | 1,234 | 214,500 | 118% | 1,456 | | Simon May | - | - | - | - | | Angelica Riemann | 725 | 126,000 | 118% | 856 | | Bret DiMarco | - | - | - | - | | Robert McMahon | 5,824 | 1,012,500 | - | - |
Long-Term Incentives
Note: The final share amount was determined by multiplying the target award shares by the resulting payout percentage. As a result of Mr. McMahon's resignation from Agilent effective July 31, 2025, all of his outstanding awards were forfeited. Our relative TSR performance (or percentile position) compared to that of our LTPP peer group and the payout percentages for the LTPP for the past five performance periods are set forth below: Note: A 200% payout is achieved when our relative TSR is at or above the 75th percentile of our LTPP-TSR peer group.
Long-Term Incentives
| | COMPENSATION DISCUSSION AND ANALYSIS |
Long-Term Incentives
Performance Stock Units Earned in Fiscal Year 2025 – Adjusted Earnings Per Share Fifty percent of the FY23-FY25 performance stock units had financial goals based on adjusted earnings per share. The 64% payout percentage earned under these performance stock units was determined by calculating the adjusted earnings per share attained at the end of each of the three fiscal years in the performance period compared to the targets (which were set at the midpoint or high-end of external guidance that is determined and publicly announced at the beginning of each fiscal year during the three-year performance period). We set our adjusted EPS goals on an annual basis to maximize the alignment of the program with our aggressive long-term growth plans. We believe setting adjusted EPS targets at the time of grant for the full three-year period risks establishing goals that could be insufficiently or overly aggressive in years two and/or three of the performance-period given the shorter cyclical nature of our business and risks misalignment with the annual EPS guidance we provide to stockholders at the beginning of each fiscal year. Annual goal setting for EPS goals is a common practice among our peer companies, and we find it has had the intended motivational effect for our executive team through a particularly volatile period in the market as it has oriented them around aggressive, context-sensitive EPS growth targets each year. We use non-GAAP adjusted diluted earnings per share, subject to Compensation Committee approval. Once set, the target is not subject to change during the fiscal year. The payout percentage for the FY23-FY25 performance stock units, which was certified by the Compensation Committee at the November 2025 meeting, was a simple average of the payout percentage certified for fiscal year 2023, fiscal year 2024 and fiscal year 2025. The threshold, target, maximum and final attainment numbers are set forth in the table below:
Long-Term Incentives
| | FY23-FY25 Performance Stock Units - EPS | | | | | | Fiscal Year | Threshold (25%) | Target (100%) | Maximum (200%) | Actual Adjusted EPS | Attainment Percentage | | FY23 | $5.22 | $5.65 | $6.08 | $5.35 | 48% | | FY24 | $5.16 | $5.55 | $5.94 | $5.25 | 42% | | FY25 | $5.18 | $5.57 | $5.96 | $5.58 | 103% | | Payout | | | | | 64% |
Long-Term Incentives
Note: The adjusted non-GAAP EPS measure used in our executive compensation programs for fiscal years 2023, 2024 and 2025 may differ from GAAP and non-GAAP EPS as reported in our quarterly earnings releases as it excludes the impact of mergers and acquisitions, currency, hedging and interest costs related to mergers and acquisitions, material share repurchase deviations from plan and associated debt expense, and material differences in our corporate tax rate due to the impact of significant, unplanned tax legislation during the fiscal year. See Appendix A to this proxy statement for a reconciliation to the most directly comparable GAAP financial measure. In November 2025, the Compensation Committee approved the LTPP-EPS results for the fiscal year 2023 to fiscal year 2025 performance period. Agilent’s adjusted earnings per share performance resulted in a 64% payout percentage as calculated above, resulting in the share payouts shown in the table below:
Long-Term Incentives
| | Target Award (# of Shares) | Target Award Value ($) | Earned Award (as % of Target) | Earned Award (# of Shares) | | Padraig McDonnell | 4,738 | 600,000 | 64% | 3,032 | | Rodney Gonsalves | 1,694 | 214,500 | 64% | 1,084 | | Simon May | - | - | - | - | | Angelica Riemann | 995 | 126,000 | 64% | 637 | | Bret DiMarco | - | - | - | - | | Robert McMahon | 7,996 | 1,012,500 | - | - |
Long-Term Incentives
Note: The final share amount was determined by multiplying the target award shares by the resulting payout percentage. As a result of Mr. McMahon's resignation from Agilent effective July 31, 2025, all of his outstanding awards were forfeited.
Long-Term Incentives
| | COMPENSATION DISCUSSION AND ANALYSIS |
Additional Information
Additional Information Equity Grant Practices The Compensation Committee generally makes grants of stock awards to our NEOs at the first Compensation Committee meeting of our fiscal year. Awards are neither timed to relate to the price of our stock nor to correspond with the release of material non-public information, although grants are generally made when our trading window is open. Grants to current employees are effective on or after the date of the Compensation Committee meeting approving such grants. Grants to new employees, including potential NEOs, are typically made at the next regularly scheduled Compensation Committee meeting following the employee’s start date. The standard vesting schedule for our equity grants is 100% after the third year for performance stock units and 25% per year over four years for restricted stock units and stock options. From fiscal year 2016 to fiscal year 2025, performance stock unit awards and restricted stock units granted to executive level employees and above were also subject to a one-year post-vest holding period. Compensation Risk Controls Semler Brossy, our independent compensation consultant, collaborates with management to conduct an annual review of our compensation-related risks. The risk assessment conducted during fiscal year 2025 did not identify any significant compensation-related risks and concluded that our compensation program is well designed to encourage behaviors aligned with the long-term interests of stockholders. Semler Brossy also found an appropriate balance in fixed versus variable pay, cash and equity, corporate, business unit, and individual goals, financial and non-financial performance measures, and formulas and discretion. Finally, Semler Brossy determined that there are appropriate policies and controls in place to mitigate compensation-related risk. Recoupment and Clawback Policies We maintain an Executive Compensation Recoupment Policy (the “Recoupment Policy”), that applies to all our executives and former executives who leave the Company after September 16, 2020. Under the Recoupment Policy, in the event of a material restatement of financial results (wherein results were incorrect at the time published due to mistake, fraud or other misconduct), the Compensation Committee will review all short and long-term incentive compensation awards that were paid or awarded to executives for performance periods beginning after July 14, 2009 (in the case of executive officers covered by Section 16 of the Securities Exchange Act (“Section 16 Officers”)) or September 16, 2020 (in the case of other executives) that occurred, in whole or in part, during the restatement period. Additionally, under the Recoupment Policy, in the case of fraud or misconduct by an executive, including breach of any regulatory standards that have resulted in significant negative impact on our results of operations or market capitalization, the Compensation Committee will consider actions to remedy the misconduct, prevent its recurrence, and impose discipline on the wrongdoers, in each case, as the Compensation Committee deems appropriate. These actions may include, without limitation: • requiring reimbursement of compensation; • the cancellation of outstanding restricted stock, restricted stock units, performance stock units, deferred stock awards, stock options, and other equity incentive awards; • limiting future awards or compensation; and • requiring the disgorgement of profits realized from the sale of our stock to the extent such profit resulted from fraud or misconduct. Effective October 2, 2023, the Committee adopted an additional Clawback Policy (the “Clawback Policy”) covering Section 16 Officers only. The Clawback Policy meets all the provisions of the Dodd-Frank clawback requirements. The Recoupment Policy remains applicable in scenarios not covered by the updated Dodd-Frank compliant Clawback Policy (e.g., certain instances of misconduct). When the Recoupment Policy is more onerous than the Dodd-Frank requirements, the Recoupment Policy is applied.
Insider Trading and Hedging Policy
Deferred Compensation NEOs on U.S. payroll are eligible to voluntarily defer base salary, short-term incentives in the form of cash awards under the Performance-Based Compensation Plan and long-term incentives in the form of stock awards under the LTPP. The deferrals are made through our 2005 Deferred Compensation Plan, which is available to all active employees on the U.S. payroll whose total target compensation is greater than or equal to $350,000. This is a common benefit arrangement offered by our peer companies, and our plan does not guarantee above market or a specific rate of return on deferrals. These benefits and an additional description of plan features are set forth in the section entitled “Non-Qualified Deferred Compensation” below and the narrative descriptions accompanying this section. Retirement and Pension Benefits Our executive officers are entitled to participate in the same defined contribution retirement plan that is generally available to all of our eligible employees. We make matching contributions to eligible participants’ retirement plan accounts based on a percentage of their eligible compensation under applicable tax rules. We believe that this retirement program permits our executives to save for their retirement in a tax-effective manner. For additional information regarding certain of our other retirement programs, please see the section entitled “Pension Benefits”. Policy Regarding Compensation in Excess of $1 Million per Year Section 162(m) of the Internal Revenue Code generally disallows a tax deduction for compensation in excess of $1 million paid to our “covered employees,” which include our current NEOs. As a general matter, while our Compensation Committee considers tax deductibility as one of several relevant factors in determining executive compensation, it retains the flexibility to design and maintain executive compensation arrangements that it believes will attract and retain executive talent, even if such compensation is not deductible by the company for federal income tax purposes. Termination and Change of Control Consistent with the practice of many of our peers, the Compensation Committee adopted change-of-control agreements designed to provide protection to the NEOs so they are not distracted by their personal, professional and financial situations at a time when we need them to remain focused on their responsibilities, our best interests and those of all our stockholders. These agreements provide for a “double-trigger” payout only in the event of a change of control and the executive officer is either terminated by the Company without Cause or for Good Reason (each as defined in the agreements) within a limited period of time after the transaction (these agreements do not become operative unless both events occur). None of our change-of-control agreements contain an excise tax gross-up clause. Potential payments to our NEOs under our existing change-of-control agreements in connection with a change of control and a subsequent qualifying termination event are reported in the “Termination and Change of Control Table”. In addition, we have a Workforce Management Program in place that is applicable to all employees, including NEOs. Employment security is tied to competitive realities as well as individual results and performance, but from time to time, business circumstances could dictate the need for us to reduce our workforce. The Workforce Management Program is intended to assist employees affected by restructuring by providing transition income in the form of severance benefits. None of our NEOs have received any compensation or payment under this program.
Summary Compensation Table
Summary Compensation Table The following table sets forth information regarding compensation earned by our NEOs for fiscal year 2025 and, if applicable, during fiscal years 2024 and 2023. All compensation is disclosed, whether or not such amounts were paid in such year:
Summary Compensation Table
| Name and | | Salary | Cash Bonus(2) | Stock Awards (3)(4) | Stock Options (3)(4) | Non-Equity Incentive Plan Compensation (5) | All other Compensation (6) | Total | | Principal Position | Year (1) | ($) | ($) | ($) | ($) | ($) | ($) | ($) | | Padraig McDonnell | 2025 | 1,141,345 | - | 8,169,850 | 2,017,759 | 1,436,809 | 61,473 | 12,827,236 | | President; Chief Executive Officer | 2024 | 869,962 | - | 5,981,631 | 1,504,289 | 669,309 | 21,314 | 9,046,505 | | | 2023 | 606,231 | - | 1,777,128 | 436,092 | 316,363 | 137,084 | 3,272,898 | | Rodney Gonsalves(7) | 2025 | 513,559 | - | 1,687,786 | 175,921 | 291,638 | 26,883 | 2,695,787 | | Vice President; Controller; | | | | | | | | | | Principal Accounting Officer; | | | | | | | | | | Interim Chief Financial Officer | | | | | | | | | | Simon May | 2025 | 635,385 | 500,000 | 1,801,424 | 444,959 | 472,395 | 17,406 | 3,871,569 | | Senior Vice President, Agilent | 2024 | 276,923 | 500,000 | 2,264,042 | 564,837 | 92,086 | 13,846 | 3,711,734 | | President Life Sciences and | | | | | | | | | | Diagnostics Market Group | | | | | | | | | | Angelica Riemann | 2025 | 591,346 | - | 1,675,932 | 413,890 | 520,454 | 12,956 | 3,214,578 | | Senior Vice President, Agilent | | | | | | | | | | President Agilent Cross-Lab Group | | | | | | | | | | Bret DiMarco | 2025 | 679,808 | - | 1,990,228 | 491,517 | 475,466 | 21,574 | 3,658,593 | | Senior Vice President, | | | | | | | | | | Chief Legal Officer | | | | | | | | | | Robert McMahon(8) | 2025 | 665,000 | - | 4,000,968 | 827,780 | - | 44,583 | 5,538,331 | | Former Senior Vice President; | 2024 | 756,654 | - | 6,869,915 | 845,947 | 324,587 | 84,037 | 8,881,140 | | Former Chief Financial Officer | 2023 | 726,769 | - | 2,999,006 | 735,873 | 259,599 | 89,008 | 4,810,255 |
Summary Compensation Table
1. Compensation data are provided only for fiscal years for which each individual qualified as an NEO. 2. Cash bonus for Mr. May in fiscal year 2025 reflects the second half of a $1,000,000 sign-on bonus intended to partially replace bonus and unvested equity awards Mr. May forfeited when he resigned from his prior company to join Agilent. This $500,000 sign-on award is subject to a one-year clawback period following payment should Mr. May voluntarily terminate his employment before completing 12 months of service. Cash bonus for Mr. May in fiscal year 2024 reflects the first half of the $1,000,000 sign-on bonus. 3. Reflects the aggregate grant date fair values, computed in accordance with Accounting Standards Codification Topic 718, Stock Compensation (“ASC Topic 718”). For more information regarding our application of ASC Topic 718, including the assumptions used in the calculations of these amounts, please refer to Note 5 to our consolidated financial statements in our Annual Report. 4. The expenses listed in these columns include expenses for stock awards and options awarded in accordance with the LTPP and 2018 Stock Plan. For performance-based restricted stock unit awards, the grant date fair value of such awards at the time of grant was based upon the probable outcome at the time of grant. The value of the FY25-FY27 performance stock units at the grant date, assuming that the highest level of performance conditions are achieved are $12,294,703, $1,071,843, $2,710,964, $2,521,988, $2,995,044 and $5,043,796 for Messrs. McDonnell, Gonsalves and May, Ms. Riemann, and Messrs. DiMarco and McMahon, respectively. The amounts reflected in these columns do not represent the actual amounts paid to or realized by the NEOs for these awards. Mr. McMahon's awards were forfeited upon his resignation from the company during fiscal year 2025. 5. Amounts consist of incentive awards earned by the NEOs during the fiscal year under the Performance-Based Compensation Plan for Covered Employees. See “Compensation Discussion and Analysis - Fiscal Year 2025 Compensation - Short-Term Cash Incentives” for additional details. 6. The information for the dollar amounts found in the All other Compensation column can be found in the following table and accompanying footnotes. 7. Mr. Gonsalves was named Interim Chief Financial Officer effective as of July 31, 2025. Upon his appointment as the Interim CFO, Mr. Gonsalves received (i) a cash stipend of $8,654 for each bi-weekly pay period he served as Interim CFO and (ii) a one-time Restricted Stock Unit award with a target value of $1,000,000 that vests in full 12 months following the grant date with a mandatory one-year post-vest holding period. 8. Mr. McMahon resigned from his position as Senior Vice President and Chief Financial Officer of the Company, effective as of July 31, 2025. As a result, Mr. McMahon forfeited all outstanding stock awards. Mr. McMahon did not receive any severance payments in connection with his resignation.
Summary Compensation Table
| NEO | 401(k) Employer Contribution (1) | Deferred Compensation Employer Contributions (2) | Travel Expenses (3) | Relocation(4) | Total | | Padraig McDonnell | $12,577 | $40,615 | $8,281 | $0 | $61,473 | | Rodney Gonsalves | $20,700 | $6,183 | $0 | $0 | $26,883 | | Simon May | $13,292 | $0 | $4,114 | $0 | $17,406 | | Angelica Riemann | $7,346 | $0 | $3,734 | $1,876 | $12,956 | | Bret DiMarco | $16,550 | $0 | $5,024 | $0 | $21,574 | | Robert McMahon | $20,700 | $21,486 | $494 | $1,903 | $44,583 |
Summary Compensation Table
Amounts reflect Company contributions to the Agilent Technologies, Inc. 401(k) Plan in fiscal year 2025.
Summary Compensation Table
| | EXECUTIVE COMPENSATION |
Summary Compensation Table
Amounts reflect Company contributions to the Agilent Technologies, Inc. Deferred Compensation Plan in fiscal year 2025. 3. Amounts reflect imputed income expenses for the use of our drivers and vehicles for personal travel, including spouses and family; and expenses related to spousal travel to our annual President's Club meeting to recognize the highest performing salespeople in the company. 4. Our Indefinite Relocation Program is available to all employees, including officers, and is designed to facilitate employee relocations that support our business priorities. The Program does not provide any payments for loss on the sale of a home or special tax gross-ups.
Fiscal Year 2025 Grants of Plan-Based Awards
Fiscal Year 2025 Grants of Plan-Based Awards The following table sets forth certain information regarding grants of plan-based awards to each of our NEOs during fiscal year 2025. For more information, please refer to the “Compensation Discussion and Analysis” section.
Fiscal Year 2025 Grants of Plan-Based Awards
| | | | | | | | | | | | | | Exercise | Grant Date | | | | Estimated Future Payouts Under | | | Estimated Future Payouts Under | | | | All Other | | All Other | | Price for | Fair Value | | | | Non-Equity Incentive Plan Awards (1) | | | Equity Incentive Plan Awards (2) | | | | Stock | | Option | | Stock | of Stock and | | | | Threshold | Target | Maximum | Threshold | Target | Maximum | | Awards (3) | | Awards (3) | | Options (4) | Option Awards (5) | | Name | Grant Date | ($) | ($) | ($) | (#) | (#) | (#) | | (#) | | (#) | | ($) | ($) | | Padraig McDonnell | 11/27/2024 | 436,641 | 1,552,500 | 3,105,000 | - | - | - | - | - | - | - | - | - | - | | | 11/27/2024 | - | - | - | 5,838 | 23,350 | 46,700 | | - | | - | | - | 3,388,520 | | | 11/27/2024 | - | - | - | 3,923 | 15,693 | 31,386 | | - | | - | | - | 2,758,831 | | | 11/27/2024 | - | - | - | - | - | - | | 15,656 | | 45,202 | | 138.14 | 4,040,258 | | Rodney Gonsalves | 11/27/2024 | 85,313 | 273,000 | 546,000 | - | - | - | | - | | - | | - | - | | | 11/27/2024 | - | - | - | 509 | 2,036 | 4,072 | | - | | - | | - | 295,427 | | | 11/27/2024 | - | - | - | 342 | 1,368 | 2,736 | | - | | - | | - | 240,495 | | | 11/27/2024 | - | - | - | - | - | - | | 1,365 | | 3,941 | | 138.14 | 352,257 | | | 7/16/2025(7) | - | - | - | - | - | - | | 9,031 | | | | - | 975,529 | | Simon May | 11/27/2024 | 160,000 | 512,000 | 1,024,000 | - | - | - | | - | | - | | - | - | | | 11/27/2024 | - | - | - | 1,287 | 5,149 | 10,298 | | - | | - | | - | 747,213 | | | 11/27/2024 | - | - | - | 865 | 3,460 | 6,920 | | - | | - | | - | 608,268 | | | 11/27/2024 | - | - | - | - | - | - | | 3,452 | | 9,968 | | 138.14 | 890,901 | | Angelica Riemann | 11/27/2024 | 150,000 | 480,000 | 960,000 | - | - | - | | - | | - | | - | - | | | 11/27/2024 | - | - | - | 1,198 | 4,790 | 9,580 | | - | | - | | - | 695,093 | | | 11/27/2024 | - | - | - | 805 | 3,219 | 6,438 | | - | | - | | - | 565,901 | | | 11/27/2024 | - | - | - | - | - | - | | 3,212 | | 9,272 | | 138.14 | 828,828 | | Bret DiMarco | 11/27/2024 | 144,492 | 513,750 | 1,027,500 | - | - | - | | - | | - | | - | - | | | 11/27/2024 | - | - | - | 1,422 | 5,688 | 11,376 | | - | | - | | - | 825,438 | | | 11/27/2024 | - | - | - | 956 | 3,823 | 7,646 | | - | | - | | - | 672,084 | | | 11/27/2024 | - | - | - | - | - | - | | 3,814 | | 11,011 | | 138.14 | 984,223 | | Robert McMahon6 | 11/27/2024 | 189,324 | 605,836 | 1,211,671 | - | - | - | | - | | - | | - | - | | | 11/27/2024 | - | - | - | 2,395 | 9,579 | 19,158 | | - | | - | | - | 1,390,097 | | | 11/27/2024 | - | - | - | 1,610 | 6,438 | 12,876 | | - | | - | | - | 1,131,801 | | | 11/27/2024 | - | - | - | - | - | - | | 6,423 | | 18,544 | | 138.14 | 1,657,527 | | | 3/5/2025(7) | - | - | - | - | - | - | | 5,385 | | - | | - | 649,323 |
Fiscal Year 2025 Grants of Plan-Based Awards
1. Reflects the value of the potential payout targets for fiscal year 2025 pursuant to the short-term incentive program under our Performance-Based Compensation Plan. Actual payout amounts under this plan are disclosed in the “Summary Compensation Table.” 2. Reflects the number of potential adjusted EPS and TSR FY25-FY27 performance stock units that can be earned under our LTPP. Actual payout of these awards, if any, will be determined by the Compensation Committee after the end of the performance period depending on whether the performance criteria set forth in our LTPP were met. Payout, if any, will be in the form of our common stock. Please see “Compensation Discussion and Analysis—Long-Term Incentives” for disclosure regarding material terms of the LTPP. 3. Reflects restricted stock units and stock options granted in fiscal year 2025 under the 2018 Stock Plan in accordance with our long-term incentive goals as described in the “Compensation Discussion and Analysis—Long-Term Incentives” section. Such restricted stock units and stock options vest at 25% per year over four years with a one-year post-vest holding period assigned to each restricted stock unit tranche as it vests. 4. Represents the exercise price for the stock options granted on November 27, 2024, which exercise price is equal to the closing price of our common stock on the grant date. 5. Reflects the aggregate grant date fair value of awards, computed in accordance with ASC Topic 718. With respect to performance-based awards, amounts represent the grant date fair value determined in accordance with ASC Topic 718 based on the probable outcome of performance conditions. Values differ due to the performance criteria assigned to each award. 6. Mr. McMahon forfeited all performance-based compensation upon his resignation from the company during fiscal year 2025. Represents a one-time RSU retention grant to Mr. Gonsalves, with a target value of $1,000,000, in recognition of his role as Interim CFO. This retention grant vests in full 12 months following the grant date and has a mandatory one-year post-vest holding period and is not subject to the termination treatment applicable to all employees as defined on page 53. Represents a one-time RSU retention grant to Mr. McMahon, with a target value of $700,000, which would have vested in full 12 months following the grant date and had a mandatory one-year post-vest holding period. Mr. McMahon forfeited all of his fiscal year 2025 awards upon his resignation from the Company on July 31, 2025.
Fiscal Year 2025 Grants of Plan-Based Awards
| | EXECUTIVE COMPENSATION |
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End The following table provides information on the current holdings of options, performance-based stock awards and restricted stock units by our NEOs as of October 31, 2025.
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End
| | | Option Awards (1) | | | | Restricted Stock Unit Awards (2) | | Performance Stock Units | | | | | | | | | Number of | Market Value | Number of | | | | | Number of Securities Underlying | | Option | Option | Shares or Units of Stock That | of Shares or Units | Unearned Shares That | Market Value of Shares | | | | Unexercised Options (#) | | Exercise | Expiration | Have Not | That Have Not | Have Not | That Have | | Name | Grant Date | Exercisable | Unexercisable | Price ($) | Date | Vested (#) | Vested(3)($) | Vested (4) (#) | Vested(3)($) | | Padraig | 11/17/2020 | 12,490 | - | 109.86 | 11/17/2030 | | | | | | McDonnell | 11/16/2021 | 6,732 | 2,245 | 161.39 | 11/16/2031 | | | | | | | 11/15/2022 | 4,640 | 4,641 | 148.00 | 11/15/2032 | | | | | | | 11/22/2023 | 3,082 | 9,246 | 123.99 | 11/22/2033 | | | | | | | 3/1/2024 | 2,269 | 6,807 | 139.06 | 3/1/2034 | | | | | | | 6/3/2024 | 3,361 | 10,084 | 131.40 | 6/3/2034 | | | | | | | 11/27/2024 | - | 45,202 | 138.14 | 11/27/2034 | | | | | | | 11/16/2021 | | | | | 584 | 85,474 | | | | | 11/15/2022 | | | | | 1,588 | 232,420 | | | | | 11/22/2023 | | | | | 3,261 | 477,280 | | | | | 3/1/2024 | | | | | 2,402 | 351,557 | | | | | 6/3/2024 | | | | | 3,606 | 527,774 | | | | | 11/27/2024 | | | | | 15,656 | 2,291,412 | | | | | 11/15/2022 | | | | | | | 4,738 | 693,454 | | | 11/22/2023 | | | | | | | 6,474 | 947,535 | | | 3/1/2024 | | | | | | | 4,764 | 697,259 | | | 6/3/2024 | | | | | | | 7,138 | 1,044,718 | | | 11/27/2024 | | | | | | | 23,350 | 3,417,506 | | | 11/15/2022 | | | | | | | 6,902 | 1,010,177 | | | 11/22/2023 | | | | | | | 9,006 | 1,318,118 | | | 3/1/2024 | | | | | | | 6,430 | 941,095 | | | 6/3/2024 | | | | | | | 9,644 | 1,411,496 | | | 11/27/2024 | | | | | | | 31,386 | 4,593,655 | | Total | | 32,574 | 78,225 | | | 27,097 | 3,965,917 | 109,832 | 16,075,013 | | Rodney | 11/17/2020 | 4,788 | - | 109.86 | 11/17/2030 | | | | | | Gonsalves | 11/16/2021 | 2,537 | 846 | 161.39 | 11/16/2031 | | | | | | | 11/15/2022 | 1,659 | 1,659 | 148.00 | 11/15/2032 | | | | | | | 11/22/2023 | 1,120 | 3,363 | 123.99 | 11/22/2033 | | | | | | | 11/27/2024 | - | 3,941 | 138.14 | 11/27/2034 | | | | | | | 11/16/2021 | | | | | 220 | 32,199 | | | | | 11/15/2022 | | | | | 568 | 83,132 | | | | | 11/22/2023 | | | | | 1,186 | 173,583 | | | | | 11/27/2024 | | | | | 1,365 | 199,781 | | | | | 7/16/2025 | | | | | 9,031 | 1,321,777 | | | | | 11/15/2022 | | | | | | | 1,694 | 247,934 | | | 11/22/2023 | | | | | | | 2,354 | 344,531 | | | 11/27/2024 | | | | | | | 2,036 | 297,989 | | | 11/15/2022 | | | | | | | 2,468 | 361,216 | | | 11/22/2023 | | | | | | | 3,274 | 479,183 | | | 11/27/2024 | | | | | | | 2,736 | 400,441 | | Total | | 10,104 | 9,809 | | | 12,370 | 1,810,472 | 14,562 | 2,131,294 | | Simon | 5/8/2024 | 2,948 | 8,844 | 142.80 | 5/8/2034 | | | | | | May | 11/27/2024 | - | 9,968 | 138.14 | 11/27/2034 | | | | | | | 5/8/2024 | | | | | 3,177 | 464,986 | | | | | 11/27/2024 | | | | | 3,452 | 505,235 | | | | | 5/8/2024 | | | | | | | 6,293 | 921,043 | | | 11/27/2024 | | | | | | | 5,149 | 753,608 | | | 5/8/2024 | | | | | | | 8,510 | 1,245,524 | | | 11/27/2024 | | | | | | | 6,920 | 1,012,811 | | Total | | 2,948 | 18,812 | | | 6,629 | 970,221 | 26,872 | 3,932,986 | | Angelica | 11/17/2020 | 3,164 | - | 109.86 | 11/17/2030 | | | | | | Riemann | 11/16/2021 | 1,561 | 521 | 161.39 | 11/16/2031 | | | | | | | 11/15/2022 | 974 | 975 | 148.00 | 11/15/2032 | | | | | | | 11/22/2023 | 630 | 1,892 | 123.99 | 11/22/2033 | | | | | | | 3/1/2024 | 624 | 1,872 | 139.06 | 3/1/2034 | | | | | | | 11/27/2024 | - | 9,272 | 138.14 | 11/27/2034 | | | | | | | 11/16/2021 | | | | | 136 | 19,905 | | | | | 11/15/2022 | | | | | 334 | 48,884 | | | | | 11/22/2023 | | | | | 667 | 97,622 | | | | | 3/1/2024 | | | | | 660 | 96,598 | | | | | 11/27/2024 | | | | | 3,212 | 470,108 | | | | | 11/15/2022 | | | | | | | 995 | 145,628 | | | 11/22/2023 | | | | | | | 1,324 | 193,781 | | | 3/1/2024 | | | | | | | 1,310 | 191,732 | | | 11/27/2024 | | | | | | | 4,790 | 701,064 | | | 11/15/2022 | | | | | | | 1,450 | 212,222 | | | 11/22/2023 | | | | | | | 1,842 | 269,595 | | | 3/1/2024 | | | | | | | 1,768 | 258,764 | | | 11/27/2024 | | | | | | | 6,438 | 942,266 | | Total | | 6,953 | 14,532 | | | 5,009 | 733,117 | 19,917 | 2,915,052 |
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End
| | EXECUTIVE COMPENSATION |
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End
| | | Option Awards (1) | | | | Restricted Stock Unit Awards (2) | | Performance Stock Units | | | | | | | | | Number of | Market Value | Number of | | | | | Number of Securities Underlying | | Option | Option | Shares or Units of Stock That | of Shares or Units | Unearned Shares That | Market Value of Shares | | | | Unexercised Options (#) | | Exercise | Expiration | Have Not | That Have Not | Have Not | That Have | | Name | Grant Date | Exercisable | Unexercisable | Price ($) | Date | Vested (#) | Vested(3)($) | Vested (4) (#) | Vested(3)($) | | Bret | 7/2/2024 | 1,148 | 3,447 | 125.78 | 7/2/2034 | | | | | | DiMarco | 11/27/2024 | - | 11,011 | 138.14 | 11/27/2034 | | | | | | | 7/2/2024 | | | | | 1,214 | 177,681 | | | | | 11/27/2024 | | | | | 3,814 | 558,217 | | | | | 7/2/2024 | | | | | | | 2,401 | 351,410 | | | 11/27/2024 | | | | | | | 5,688 | 832,496 | | | 7/2/2024 | | | | | | | 3,244 | 474,792 | | | 11/27/2024 | | | | | | | 7,646 | 1,119,069 | | Total | | 1,148 | 14,458 | | | 5,028 | 735,898 | 18,979 | 2,777,766 | | Robert | - | - | - | - | - | - | - | - | - | | McMahon(5) | | | | | | | | | |
Fiscal Year 2025 Outstanding Equity Awards at Fiscal Year-End
All stock options vest at a rate of 25% per year over four years from the date of grant. 2. All RSUs vest at the rate of 25% per year over four years from the date of grant 3. Based on a stock price of $146.36, which was the closing stock price of our common stock on October 31, 2025. 4. Amounts reflect multiple unvested performance stock unit awards that are outstanding simultaneously as of the end of fiscal year 2025 for each NEO under the LTPP. Since the FY23-FY25 performance stock units based on EPS and TSR achieved payouts of 64% and 118% respectively, the amounts shown for the outstanding LTPP EPS and TSR performance stock unit awards are shown at target payout and maximum payout respectively. The performance stock unit awards granted on November 15, 2022 were vested and assessed on November 18, 2025. The performance stock unit awards granted on November 22, 2023 will vest and be assessed in November 2026. The performance stock unit awards granted on November 27, 2024 will vest and be assessed in November 2027. 5. Mr. McMahon resigned from Agilent during fiscal year 2025 and forfeited all outstanding stock awards.
Fiscal Year 2025 Option Exercises and Stock Vested
Fiscal Year 2025 Option Exercises and Stock Vested The following table sets forth information on restricted stock units and performance awards which vested during fiscal year 2025 and stock option exercises that took place in fiscal year 2025 and the value realized on the date of exercise, if any, by each of our NEOs.
Fiscal Year 2025 Option Exercises and Stock Vested
| | Option Awards | | Restricted Stock Unit Awards | | Performance Stock Unit Awards | | | | Number of Shares | | Number of | | Number of | | | | Acquired on | Value Realized | Shares Acquired | Value Realized | Shares Acquired | Value Realized | | | Exercise (1) | on Exercise (2) | Upon Vesting (1) | on Vesting (2) | Upon Vesting (1)(3) | on Vesting (2)(3) | | Name | (#) | ($) | (#) | ($) | (#) | ($) | | Padraig McDonnell | - | - | 5,211 | 653,008 | 4,505 | 566,233 | | Rodney Gonsalves | - | - | 1,185 | 153,252 | 1,698 | 213,422 | | Simon May | - | - | 1,058 | 115,005 | - | - | | Angelica Riemann | - | - | 933 | 120,246 | 1,045 | 131,346 | | Bret DiMarco | - | - | 404 | 48,747 | - | - | | Robert McMahon | 28,081 | 350,780 | 25,114 | 3,099,720 | 7,835 | 984,781 |
Fiscal Year 2025 Option Exercises and Stock Vested
1. The amounts reflect the number of shares pursuant to options that were exercised or units that vested during the fiscal year, including in the case of restricted stock units and performance stock units, the shares that vested but were still subject to a one-year post-vest holding period. 2. The value of these awards is based on the difference between the market price of our common stock on the date of exercise and the exercise price, and for restricted stock units and performance stock units, the closing price of our common stock on the date the shares vested. 3. Amounts reflect the performance stock units granted in fiscal year 2022 pursuant to the LTPP, which were subject to a three-year performance period ending October 31, 2024 and vested on November 19, 2024. Mr. McMahon had elected to defer 2,350 shares into his Deferred Compensation Account pursuant to our 2005 Deferred Compensation Plan. All performance stock unit award shares were subject to a one-year post-vest holding period.
Pension Benefits
Pension Benefits The following table shows the estimated present value of accumulated benefits, including years of service, payable at normal retirement age (65) to our NEOs under certain pension plans. Messrs. McDonnell, May, DiMarco and McMahon did not have an interest in any of our pension plans and there were no payments under any of our pension plans to any of our NEOs in fiscal year 2025. To calculate an eligible employee’s years of service, the pension plans will bridge each eligible employee’s service, if any, with Hewlett-Packard prior to June 2, 2000, to that eligible employee’s service with us on or after June 2, 2000; the total years of service will reflect employment service from both Hewlett-Packard and us, capped at 30 years of service. The cost of all pension plans set forth below is paid entirely by us. The present value of accumulated benefit is calculated using the assumptions under ASC Topic 715, Compensation – Retirement Benefits for the fiscal year end measurement (as of October 31, 2025). The present value is based on a lump sum interest
Pension Benefits
| | EXECUTIVE COMPENSATION |
Pension Benefits
rate of 6%, Deferred Profit-Sharing Plan rate of return of 7.5% and the “applicable mortality table” described in Section 417(e)(3) of the Internal Revenue Code. See also Note 15 to our consolidated financial statements in our Annual Report.
Pension Benefits
| Pension Benefits | | | | | | Eligible for | Number of | Present | | | Full | Years of | Value of | | | Retirement | Credited | Accumulated | | Name | Benefits? | Service (#) | Benefit ($) | | Rodney Gonsalves | | | | | Deferred Profit-Sharing Plan | | | 68,875 | | U.S. Retirement Plan | Y | 27 | 697,598 | | Supplemental Benefit Plan | | | 15,731 | | Total | | | 782,204 | | Angelica Riemann | | | | | Deferred Profit-Sharing Plan | | | 0 | | U.S. Retirement Plan | N | 16 | 184,408 | | Supplemental Benefit Plan | | | 0 |
Non-Qualified Deferred Compensation
Non-Qualified Deferred Compensation For fiscal year 2025, the 2005 Deferred Compensation Plan was available to all active employees on the US payroll with total target cash salary, including the short-term Performance-Based Compensation Plan, greater than or equal to $350,000. There are three types of earnings that may be deferred under the program: 1. 100% of annual base pay earnings in excess of the IRS qualified plan limit of $350,000 for 2025; 2. 95% of bonus earnings, discretionary and cash compensation paid under the Performance-Based Compensation Plan; and 3. 95% of “at risk” compensation paid out in accordance with the terms of our LTPP. Awards under this program are paid out in the form of our common stock. Deferral elections may be made annually and are part of overall tax planning for many executives. There are several investment options available under the Plan, most of which mirror the investment choices under our tax-qualified 401(k) plan. All investment choices are made by the participant. Based on market performance, dividends and interest are credited to participants’ accounts from the funds that the participant has elected. At the time participation is elected, employees must also elect payout in one of three forms, which can commence upon termination or be delayed by an additional one, two or three years following termination: 1. a single lump sum payment; 2. annual installments over a five to fifteen-year period; or 3. a single lump sum payment in January or July on or after 2027. As of May 2022, the company provides one type of employer contribution, which is a matching contribution up to 6% of deferred base pay amounts above the IRS qualified plan limit. Prior to May 2022, the Company also provided a transitional company contribution (DCPTCC) which is a formulaic contribution put in place due to the freeze of the U.S. pension and supplemental benefit retirement plans. Contributions made by the Company to our NEOs are detailed in the table that follows.
Non-Qualified Deferred Compensation
| | EXECUTIVE COMPENSATION |
Non-Qualified Deferred Compensation
Payouts are distributed to eligible participants in January of the year following termination, if termination occurs during the first six months of the calendar year. Otherwise, payouts are distributed to eligible participants in July of the year following termination where termination occurs during the second half of the calendar year. No early distributions or withdrawals are allowed. When and if received, a participant in the LTPP may elect to defer his or her shares through our 2005 Deferred Compensation Plan. The LTPP shares are deferred in the form of our common stock only. At the end of the deferral period, the LTPP shares are released to the executive. We have established a rabbi trust as a source of funds to make payments under the non-qualified deferred compensation plan. As of October 31, 2025, the rabbi trust with Fidelity Management Trust Company was fully funded, so there is no need for additional funding. The table below provides information on the non-qualified deferred compensation of the NEOs for fiscal year 2025.
Non-Qualified Deferred Compensation
| | Executive | Company | Aggregate | Aggregate | | | Contributions in | Contributions in | Earnings in Last | Balance at Fiscal | | | Last Fiscal Year (1) | Last Fiscal Year(2) | Fiscal Year (3) | Year-End(4)(5) | | Name | ($) | ($) | ($) | ($) | | Padraig McDonnell | 50,776 | 40,615 | 60,715 | 410,733 | | Rodney Gonsalves | 48,035 | 6,183 | 419,547 | 3,707,312 | | Simon May | n/a | n/a | n/a | n/a | | Angelica Riemann | n/a | n/a | n/a | n/a | | Bret DiMarco | n/a | n/a | n/a | n/a | | Robert McMahon | 448,018 | 21,486 | 688,099 | 5,229,322 |
Non-Qualified Deferred Compensation
1. The salary and cash compensation portion of the amounts reflected above is included in the amount reported in the “Summary Compensation Table” for fiscal year 2025. 2. Amounts reflected are reported in the “All Other Compensation” column in the “Summary Compensation Table” for fiscal year 2025. 3. Amounts reflected are not included in the “Summary Compensation Table” for fiscal year 2025 because the earnings are not “above-market.” These amounts include dividends, interest and change in market value. 4. The following amounts were previously reported as compensation to the NEOs in the “Summary Compensation Table” for years prior to fiscal year 2025: for Mr. McDonnell, $258,627 and for Mr. McMahon, $4,071,719. 5. Mr. McMahon resigned from Agilent effective as of July 31, 2025, and his account balance is expected to be distributed according to his disbursement elections made, beginning in July 2026 in accordance with the terms of the 2005 Deferred Compensation Plan.
CEO Pay Ratio
CEO Pay Ratio The SEC requires companies to disclose the ratio of the annual total compensation of their CEO to the median of the annual total compensation of their other employees.
CEO Pay Ratio
| | EXECUTIVE COMPENSATION |
CEO Pay Ratio
Methodology and Pay Ratio We determined the median employee based on the 18,448 employees on our payroll (excluding the CEO) as of October 31, 2025, based on a consistently applied compensation measure defined as the sum of base salary, annual bonus and target long-term incentive value. Once we identified the median employee, the annual total compensation was then calculated according to the SEC’s rules for the Summary Compensation Table. The annual total compensation of our median employee for fiscal year 2025 was $82,873. As disclosed in our Summary Compensation Table on page 42, our CEO’s annual total compensation for fiscal year 2025 was $12,827,236. Based on these compensation amounts, our estimate of the ratio of the annual total compensation of CEO to the annual total compensation of our median employee was 155 to 1. As of October 31, 2025, Agilent had employees in 30 countries with 36% in Asia Pacific, 25% in Europe, Middle East and Africa and 39% in the Americas.
Pay versus performance
Pay versus performance The following information, as required and defined by SEC rules, shows the relationship between executive compensation actually paid and certain financial performance measures. For information about how our Compensation Committee seeks to align executive compensation with the Company’s performance, see “Compensation Discussion and Analysis.” The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by our NEOs.
Pay versus performance
| | | | | | Average Summary Compensation | Average Compensation | Value of Initial Fixed $100 Investment Based on: | | | Company | | Fiscal Year | Summary Compensation Table Total for CEO 1 | Compensation Actually Paid to CEO 1 (1) | Summary Compensation Table Total for CEO 2 | Compensation Actually Paid to CEO 2 (1) | Table for Non- CEO Named Executive Officers(1) | Actually Paid to Non-CEO Named Executive Officers(1) | Total Shareholder Return(2) | Peer Group Total Shareholder Return(3) | Net Income (in billions)(4) | Selected Measure (Adjusted EPS)(5) | | 2025 | $12,827,236 | $14,643,258 | - | - | $3,795,772 | $1,616,879 | $148.32 | $193.57 | $1.592 | $5.59 | | 2024 | $16,619,219 | $21,204,628 | $9,041,669 | $8,915,605 | $5,918,692 | $6,974,046 | $130.99 | $174.15 | $1.539 | $5.29 | | 2023 | $16,023,409 | $1,007,462 | - | - | $3,675,218 | $591,636 | $103.21 | $134.36 | $1.240 | $5.44 | | 2022 | $16,647,413 | $10,456,854 | - | - | $4,166,422 | $3,108,256 | $137.17 | $129.65 | $1.254 | $5.22 | | 2021 | $15,967,631 | $31,773,386 | - | - | $3,755,224 | $6,017,348 | $155.15 | $140.07 | $1.210 | $4.34 |
Pay versus performance
1. Represents the amount of “Compensation Actually Paid” or “CAP” as computed per SEC rules. These amounts do not reflect the actual amount of compensation earned by or paid to the applicable individual(s) during the applicable year. The following table summarizes the adjustments made to total compensation in accordance with Item 402(v) of Regulation S-K in order to determine the compensation amounts shown in the table above as being “Compensation Actually Paid”. Mr. McDonnell was CEO for fiscal year 2025 and CEO 2 for fiscal year 2024. Mr. McMullen was CEO 1 for 2024 and CEO for 2023, 2022 and 2021. The other NEOs were Mr. McMahon (all years), Mr. Gonsalves (2025), Mr. May (2025 and 2024), Ms. Riemann (2025), Mr. DiMarco (2025), Mr. Ancher-Jensen (2024, 2023 and 2022), Mr. McDonnell (2023, 2022 and 2021), Mr. Grau (2024), Mr. Raha (2023, 2022 and 2021) and Mr. Thaysen (2022 and 2021). 2. For the relevant fiscal year, represents the cumulative total shareholder return of the company for the measurement periods ending on October 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively. 3. For the relevant fiscal year, represents the cumulative total shareholder return of the Standard & Poor’s 500 Healthcare and Standard & Poor’s 500 Materials Indices (“S&P Index”), our published industry index for purposes of disclosure under Item 201(e) of Regulation S-K, for the measurement periods ending on October 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively. 4. Net Income is a GAAP measure. Adjusted EPS is a non-GAAP measure. Appendix A to this Proxy Statement defines this and other non-GAAP financial measures.
Pay versus performance
| | EXECUTIVE COMPENSATION |
Pay versus performance
| | 2025 | | 2024 | | | 2023 | | 2022 | | 2021 | | | Adjustments | CEO | Other NEOs | CEO 1 | CEO 2 | Other NEOs* | CEO | Other NEOs* | CEO | Other NEOs* | CEO | Other NEOs* | | Total Compensation from Summary Compensation Table (“SCT”) | $12,827,236 | $3,795,772 | $16,619,219 | $9,041,669 | $5,918,692 | $16,023,409 | $3,675,218 | $16,647,413 | $4,166,422 | $15,967,631 | $3,755,224 | | Less, adjustments for defined benefit and actuarial pension plans | - | - | - | - | - | - | - | - | - | - | - | | Less, value of Stock and Option Awards reported in SCT** | ($10,187,609) | ($2,702,081) | ($14,610,155) | ($7,485,920) | ($4,952,604) | ($14,109,080) | ($2,690,432) | ($12,989,141) | ($2,803,729) | ($11,460,405) | ($2,155,292) | | Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding | $10,868,560 | $1,896,883 | $15,188,682 | $7,359,856 | $5,000,212 | $8,063,399 | $1,537,587 | $10,746,518 | $2,385,779 | $19,678,309 | $3,700,804 | | Plus, Change in Fair Value of any Prior Year awards that are Outstanding and Unvested | $1,212,836 | $255,490 | $2,480,809 | - | $447,394 | ($10,316,787) | ($2,102,352) | ($9,200,149) | ($1,656,746) | ($3,109,645) | ($265,241) | | Plus, FMV of Awards Granted this Year and that Vested this Year | - | - | - | - | - | - | - | - | - | - | - | | Plus, Change in Fair Value (from prior year-end) of Prior Year awards that Vested this year | ($77,765) | ($22,140) | $1,526,073 | - | $560,352 | $1,346,520 | $171,613 | $5,252,213 | $1,016,529 | $10,697,496 | $981,853 | | Less Prior Year Fair Value of Prior Year awards that Failed to vest this year | - | ($1,607,045) | - | - | - | - | - | - | - | - | - | | Compensation Actually Paid (as calculated) | $14,643,258 | $1,616,879 | $21,204,628 | $8,915,605 | $6,974,046 | $1,007,462 | $591,636 | $10,456,854 | $3,108,256 | $31,773,386 | $6,017,348 |
Pay versus performance
* Amounts presented are averages for the entire group of NEOs (excluding our CEOs). ** Stock option grant date fair values are calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield and risk free rates) as of the measurement date. Performance-based restricted stock unit grant date fair values are calculated using the stock price and performance accrual modifiers, where relevant, as of date of grant assuming target performance. Adjustments have been made using the stock price and performance accrual modifier as of the applicable year end and as of the date of vest. Time-vested restricted stock unit grant date fair values are calculated using the stock price as of date of grant. Adjustments have been made using the stock price as of the applicable year end and as of each date of vest.