In 2023, Jagadeesh (Jag) A. Reddy earned $2.46M in total compensation at Mayville Engineering, including $695.25K salary, $567.88K bonus and $1.15M in stock. Most recently acquired 1,140 shares in Mar 2025. Currently holds stock worth $2.42M. 3+ years at the helm of Mayville Engineering.
Compensation History
Annual executive compensation data for Jagadeesh (Jag) A. Reddy, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.46M
Salary
$695.25K
Bonus
$567.88K
Other
$43.20K
Salary
$695.25KBoard Justification
The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring competitive compensation for executive officers.
Bonus
$567.88KBoard Justification
Annual cash bonuses earned on a discretionary basis for 2023 and paid in 2024, based on performance measures of Return on Assets, Net Income, and Free Cash Flow.
Other Compensation
$43.20KBoard Justification
Reimbursement of temporary housing, travel and relocation expenses in the amount of $33,896, and $9,300 credited under the 401(k) Plan.
Restricted Stock
Board Justification
The stock awards represent the aggregate grant date fair value for restricted stock units that were granted pursuant to the Mayville Engineering Company, Inc. 2019 Omnibus Incentive Plan, which vested in 2023.
Performance Metrics
Performance metrics included company performance measures of Return on Assets, Net Income, and Free Cash Flow.
Jagadeesh (Jag) A. Reddy
CEO of Mayville Engineering
Education
MBA in finance and strategy from Kellogg School of Management; Master's in engineering management from McCormick School of Engineering; Master's in industrial engineering from University of Tennessee; Bachelor's in mechanical engineering from Sri Venkateswara University in India
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Industrials
Born
January 1, 1971 - 54 years ago
CEO of Mayville Engineering for
3 years 4 months (Jul 2022 - Present)
Previous Experience
Senior leadership team member at W.R. Grace & Co., head of Strategy and Growth function
Other Mayville Engineering CEOs
Holdings
Track Jagadeesh (Jag) A. Reddy's stock holdings and portfolio value over time.
Insider Trading
Jagadeesh (Jag) A. Reddy's recent stock transactions, purchases, and sales filed with the SEC.
$15.68K
MEC at $13.75/share
Mar 12, 2025
Purchase
$98.70K
MEC at $16.72/share
Nov 7, 2024
Purchase
$98.70K
MEC at $16.72/share
Nov 7, 2024
Purchase
$20.05K
MEC at $12.85/share
Mar 15, 2024
Purchase
$253.47K
MEC at $9.36/share
Nov 3, 2022
Purchase
$253.47K
MEC at $9.36/share
Nov 3, 2022
Purchase
Rivals
Compare Jagadeesh (Jag) A. Reddy with competitor CEOs and industry peers.