Pay vs Performance Disclosure
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12 Months Ended |
Sep. 30, 2023
USD ($)
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Oct. 01, 2022
USD ($)
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Oct. 02, 2021
USD ($)
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Pay vs Performance Disclosure [Table] |
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Pay vs Performance [Table Text Block] |
PAY VERSUS PERFORMANCE
The information below presents the relationship between the compensation of the company’s NEOs and certain
performance measures in accordance with Item 402(v) of Regulation S-K (“Pay Versus Performance Table”). For a discussion of the Company’s compensation programs and pay for performance philosophy, please refer to the section captioned
“Compensation Discussion and Analysis” above.
PAY VERSUS PERFORMANCE TABLE
The information below presents the relationship between compensation actually paid (“CAP”) of the Company’s
NEOs and certain performance measures calculated in accordance with Item 402(v) of Regulation S-K.
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2023
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$9,126,346
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$10,334,185
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$2,893,215
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$3,201,416
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131
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138
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$139
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3.0%
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2022
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$7,440,475
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$8,036,717
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$2,573,470
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$2,768,126
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123
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113
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$138
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3.5%
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2021
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$7,623,221
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$12,903,150
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$2,295,676
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$3,638,865
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128
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136
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$139
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7.0%
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1
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Mr. Kelsey is the PEO for the covered years. Our Non-PEO NEOs for the covered years are as follows:
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Patrick Jermain
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Patrick Jermain
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Patrick Jermain
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Steven Frisch
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Steven Frisch
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Steven Frisch
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Angelo Ninivaggi
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Angelo Ninivaggi
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Angelo Ninivaggi
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Ronnie Darroch
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Oliver Mihm
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Oliver Mihm
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2
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CAP was determined by making the following adjustments relating to equity awards to
total compensation as reported in the Summary Compensation Table for each year as computed in accordance with Item 402(v) of Regulation S-K:
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Summary Compensation Table Total
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$9,126,346
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$7,440,475
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$7,623,221
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$2,893,215
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$2,573,470
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$2,295,676
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Value of Stock Awards Disclosed in the Summary Compensation Table
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-$5,562,053
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-$4,077,029
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-$5,078,974
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-$1,479,393
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-$1,251,505
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-$1,234,451
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Year End Fair Value of Stock Awards Granted in the Year and Unvested at Year-End
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$6,341,463
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$5,694,429
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$7,262,713
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$1,679,270
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$1,707,928
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$1,765,111
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Year-Over Year Change in Fair Value of Stock Awards Granted in a Prior Year And Outstanding and
Unvested at Year-End
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-$50,132
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-$372,461
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$1,997,562
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-$8,589
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-$91,165
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$510,435
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Change in Fair Value of Stock Awards Granted in a Prior Year that Vested in the Year
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$478,561
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-$648,697
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$1,098,628
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$116,913
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-$170,602
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$302,094
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Compensation Actually Paid
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$10,334,185
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$8,036,717
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$12,903,150
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$3,201,416
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$2,768,126
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$3,638,865
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The valuation methodologies used to calculate fair values for each measurement date do not materially
differ from those used at the time of grant of each respective award.
3
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Represents the Nasdaq US Benchmark Electrical Components & Equipment Index.
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4
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Represents annual economic return as calculated for PSU performance, which is defined
as the difference between ROIC (calculated using GAAP operating profit) and WACC.
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Company Selected Measure Name |
Economic Return
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Named Executive Officers, Footnote [Text Block] |
1
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Mr. Kelsey is the PEO for the covered years. Our Non-PEO NEOs for the covered years are as follows:
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Patrick Jermain
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Patrick Jermain
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Patrick Jermain
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Steven Frisch
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|
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Steven Frisch
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|
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Steven Frisch
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Angelo Ninivaggi
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|
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Angelo Ninivaggi
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|
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Angelo Ninivaggi
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Ronnie Darroch
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Oliver Mihm
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Oliver Mihm
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Peer Group Issuers, Footnote [Text Block] |
3
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Represents the Nasdaq US Benchmark Electrical Components & Equipment Index.
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PEO Total Compensation Amount |
$ 9,126,346
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$ 7,440,475
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$ 7,623,221
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PEO Actually Paid Compensation Amount |
$ 10,334,185
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8,036,717
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12,903,150
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Adjustment To PEO Compensation, Footnote [Text Block] |
2
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CAP was determined by making the following adjustments relating to equity awards to
total compensation as reported in the Summary Compensation Table for each year as computed in accordance with Item 402(v) of Regulation S-K:
|
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Summary Compensation Table Total
|
|
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$9,126,346
|
|
|
$7,440,475
|
|
|
$7,623,221
|
|
|
$2,893,215
|
|
|
$2,573,470
|
|
|
$2,295,676
|
|
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Value of Stock Awards Disclosed in the Summary Compensation Table
|
|
|
-$5,562,053
|
|
|
-$4,077,029
|
|
|
-$5,078,974
|
|
|
-$1,479,393
|
|
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-$1,251,505
|
|
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-$1,234,451
|
|
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Year End Fair Value of Stock Awards Granted in the Year and Unvested at Year-End
|
|
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$6,341,463
|
|
|
$5,694,429
|
|
|
$7,262,713
|
|
|
$1,679,270
|
|
|
$1,707,928
|
|
|
$1,765,111
|
|
|
Year-Over Year Change in Fair Value of Stock Awards Granted in a Prior Year And Outstanding and
Unvested at Year-End
|
|
|
-$50,132
|
|
|
-$372,461
|
|
|
$1,997,562
|
|
|
-$8,589
|
|
|
-$91,165
|
|
|
$510,435
|
|
|
Change in Fair Value of Stock Awards Granted in a Prior Year that Vested in the Year
|
|
|
$478,561
|
|
|
-$648,697
|
|
|
$1,098,628
|
|
|
$116,913
|
|
|
-$170,602
|
|
|
$302,094
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|
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Compensation Actually Paid
|
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$10,334,185
|
|
|
$8,036,717
|
|
|
$12,903,150
|
|
|
$3,201,416
|
|
|
$2,768,126
|
|
|
$3,638,865
|
|
The valuation methodologies used to calculate fair values for each measurement date do not materially
differ from those used at the time of grant of each respective award.
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Non-PEO NEO Average Total Compensation Amount |
$ 2,893,215
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2,573,470
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2,295,676
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Non-PEO NEO Average Compensation Actually Paid Amount |
$ 3,201,416
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2,768,126
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3,638,865
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Adjustment to Non-PEO NEO Compensation Footnote [Text Block] |
2
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CAP was determined by making the following adjustments relating to equity awards to
total compensation as reported in the Summary Compensation Table for each year as computed in accordance with Item 402(v) of Regulation S-K:
|
|
Summary Compensation Table Total
|
|
|
$9,126,346
|
|
|
$7,440,475
|
|
|
$7,623,221
|
|
|
$2,893,215
|
|
|
$2,573,470
|
|
|
$2,295,676
|
|
|
Value of Stock Awards Disclosed in the Summary Compensation Table
|
|
|
-$5,562,053
|
|
|
-$4,077,029
|
|
|
-$5,078,974
|
|
|
-$1,479,393
|
|
|
-$1,251,505
|
|
|
-$1,234,451
|
|
|
Year End Fair Value of Stock Awards Granted in the Year and Unvested at Year-End
|
|
|
$6,341,463
|
|
|
$5,694,429
|
|
|
$7,262,713
|
|
|
$1,679,270
|
|
|
$1,707,928
|
|
|
$1,765,111
|
|
|
Year-Over Year Change in Fair Value of Stock Awards Granted in a Prior Year And Outstanding and
Unvested at Year-End
|
|
|
-$50,132
|
|
|
-$372,461
|
|
|
$1,997,562
|
|
|
-$8,589
|
|
|
-$91,165
|
|
|
$510,435
|
|
|
Change in Fair Value of Stock Awards Granted in a Prior Year that Vested in the Year
|
|
|
$478,561
|
|
|
-$648,697
|
|
|
$1,098,628
|
|
|
$116,913
|
|
|
-$170,602
|
|
|
$302,094
|
|
|
Compensation Actually Paid
|
|
|
$10,334,185
|
|
|
$8,036,717
|
|
|
$12,903,150
|
|
|
$3,201,416
|
|
|
$2,768,126
|
|
|
$3,638,865
|
|
The valuation methodologies used to calculate fair values for each measurement date do not materially
differ from those used at the time of grant of each respective award.
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Compensation Actually Paid vs. Total Shareholder Return [Text Block] |
ANALYSIS OF THE INFORMATION PRESENTED IN THE PAY-VERSUS-PERFORMANCE TABLE
In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between
the amounts disclosed in the Pay Versus Performance Table, above, as CAP to TSR, Peer Group Total Shareholder Return, GAAP Net Income and Economic Return.
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Compensation Actually Paid vs. Net Income [Text Block] |
ANALYSIS OF THE INFORMATION PRESENTED IN THE PAY-VERSUS-PERFORMANCE TABLE
In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between
the amounts disclosed in the Pay Versus Performance Table, above, as CAP to TSR, Peer Group Total Shareholder Return, GAAP Net Income and Economic Return.
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Compensation Actually Paid vs. Company Selected Measure [Text Block] |
ANALYSIS OF THE INFORMATION PRESENTED IN THE PAY-VERSUS-PERFORMANCE TABLE
In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between
the amounts disclosed in the Pay Versus Performance Table, above, as CAP to TSR, Peer Group Total Shareholder Return, GAAP Net Income and Economic Return.
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|
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Total Shareholder Return Vs Peer Group [Text Block] |
ANALYSIS OF THE INFORMATION PRESENTED IN THE PAY-VERSUS-PERFORMANCE TABLE
In accordance with Item 402(v) of Regulation S-K, the following graphs illustrate the relationship between
the amounts disclosed in the Pay Versus Performance Table, above, as CAP to TSR, Peer Group Total Shareholder Return, GAAP Net Income and Economic Return.
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Tabular List [Table Text Block] |
TABULAR LIST OF PERFORMANCE MEASURES
The following table lists the financial performance measures that the Company considers to be the most
important financial performance measures used by the Company to link CAP to its NEOs for the most recently completed fiscal year to performance of the Company.
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Economic Return
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Relative TSR
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Return on Invested Capital
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Revenue
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Total Shareholder Return Amount |
$ 131
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123
|
128
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Peer Group Total Shareholder Return Amount |
138
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113
|
136
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Net Income (Loss) |
$ 139,000,000
|
$ 138,000,000
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$ 139,000,000
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Company Selected Measure Amount |
0.03
|
0.035
|
0.07
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PEO Name |
Mr. Kelsey
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Mr. Kelsey
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Mr. Kelsey
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Measure [Axis]: 1 |
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Pay vs Performance Disclosure [Table] |
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Measure Name |
Economic Return
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Measure [Axis]: 2 |
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Pay vs Performance Disclosure [Table] |
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Measure Name |
Relative TSR
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Measure [Axis]: 3 |
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Pay vs Performance Disclosure [Table] |
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Measure Name |
Return on Invested Capital
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Measure [Axis]: 4 |
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Pay vs Performance Disclosure [Table] |
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Measure Name |
Revenue
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PEO [Member] | Value of Stock Awards Disclosed in the Summary Compensation Table [Member] |
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|
Pay vs Performance Disclosure [Table] |
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|
Adjustment to Compensation Amount |
$ (5,562,053)
|
$ (4,077,029)
|
$ (5,078,974)
|
PEO [Member] | Year End Fair Value of Stock Awards Granted in the Year and Unvested at Year-End [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
6,341,463
|
5,694,429
|
7,262,713
|
PEO [Member] | Year-Over Year Change in Fair Value of Stock Awards Granted in a Prior Year And Outstanding and Unvested at Year-End [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
(50,132)
|
(372,461)
|
1,997,562
|
PEO [Member] | Change in Fair Value of Stock Awards Granted in a Prior Year that Vested in the Year [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
478,561
|
(648,697)
|
1,098,628
|
Non-PEO NEO [Member] | Value of Stock Awards Disclosed in the Summary Compensation Table [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
(1,479,393)
|
(1,251,505)
|
(1,234,451)
|
Non-PEO NEO [Member] | Year End Fair Value of Stock Awards Granted in the Year and Unvested at Year-End [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
1,679,270
|
1,707,928
|
1,765,111
|
Non-PEO NEO [Member] | Year-Over Year Change in Fair Value of Stock Awards Granted in a Prior Year And Outstanding and Unvested at Year-End [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
(8,589)
|
(91,165)
|
510,435
|
Non-PEO NEO [Member] | Change in Fair Value of Stock Awards Granted in a Prior Year that Vested in the Year [Member] |
|
|
|
Pay vs Performance Disclosure [Table] |
|
|
|
Adjustment to Compensation Amount |
$ 116,913
|
$ (170,602)
|
$ 302,094
|