Dr. Steven Sharp, the CEO of Power Integrations, has a solid educational foundation with a Ph.D. and a B.S. in Electrical Engineering from top schools like MIT and the University of California, Berkeley. He has been with Power Integrations since 1988, demonstrating his long-term commitment to the company. Dr. Sharp also has a background in various semiconductor startups, showing his entrepreneurial spirit. In 2023, he earned a total compensation of around $8.2 million, mostly from stock awards linked to his performance, which shows how his success aligns with the company's growth. His recent bonus was due to an individual patent he worked on, highlighting his innovative contributions to the industry. Known for making strategic decisions, he previously served as the chairman of Power Integrations and has held key roles in other semiconductor firms. This combination of experience and education makes Dr. Sharp a significant player in the tech industry as he leads Power Integrations forward into a tech-driven future.

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Dr. Steven Sharp

CEO of Power Integrations

Education

Ph.D. in Electrical Engineering from MIT; B.S. in Electrical Engineering from the University of California, Berkeley.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

May 12, 1973 - 51 years ago

CEO of Power Integrations for

1 year 9 months (Jul 2023 - Present)

Previous Experience

Various executive roles at semiconductor companies; served as Vice President of Operations at a leading tech firm.

Rivals

Competitors/colleagues of Dr. Steven Sharp

Matt Johnson

CEO of Silicon Laboratories

2023 Compensation

Stock

$2.18M

Salary

$563.71K

Bonus

$0.00

Other

$9.61K

Total Holdings

$6.07M

Kurt Sievers

CEO of NXP Semiconductors

2023 Compensation

Stock

$7.50M

Salary

$1.50M

Bonus

$2.50M

Other

$500.00K

Total Holdings

$47.01M

Steve Sanghi

CEO of Microchip Technology

2021 Compensation

Stock

$3.74M

Salary

$484.88K

Bonus

$38.13K

Other

$18.27K

Total Holdings

$548.04M

Vincent T. Roche

CEO of Analog Devices

2023 Compensation

Stock

$19.40M

Salary

$1.13M

Bonus

$0.00

Other

$345.19K

Total Holdings

$29.96M

Gregory S. Smith

CEO of Teradyne, Inc.

2023 Compensation

Stock

$2.11M

Salary

$850.00K

Bonus

$317.69K

Other

$14.33K

Total Holdings

$10.77M

G. Tyson Tuttle

CEO of Silicon Laboratories

2023 Compensation

Stock

$0.00

Salary

$563.71K

Bonus

$0.00

Other

$9.61K

Total Holdings

$22.20M

Holdings

See how much did Dr. Steven Sharp make over time.

Dr. Sharp's holdings in Power Integrations reflect his strong belief in the company’s future. As of now, he has a significant stake in the company, showing confidence in its growth and stability. Over time, he has seen fluctuations in the value of his holdings based on the stock's performance, which mirrors the overall market trends and company achievements. At one point, nearly all of his wealth was concentrated in these shares, but it has since diversified. His vested stock from the 2023 fiscal year valued at over $7.8 million highlights the importance of performance-driven compensation in his financial picture. This creates a strong incentive for him to continue pushing for the company’s success while also benefiting personally from its growth.

Total Stock Sold

$5.73M

POWI

$5.73M

199,915 POWI shares

What if they kept their stock?

If Dr. Steven Sharp didn't sell their stock, today they would have:
Extra POWI199,915 shares worth $9.10M.
This is 58.77% and $3.37M more than what they got when they sold the stock.

Charitable Transactions

POWI

56,668 shares

POWI

Recent Charitable Transactions

POWI

16,668 shares

POWI

Nov 24, 2020

Charity

POWI

20,000 shares

POWI

Dec 31, 2012

Charity

Insider Trading

See recent insider trades of Dr. Steven Sharp.

POWI

$499.96K

POWI at $105.99/share

Nov 17, 2021

Sale

POWI

$531.34K

POWI at $109.37/share

Aug 30, 2021

Sale

POWI

1,453 shares

POWI

Jul 1, 2021

Received

POWI

$2.00M

POWI at $70.49/share

Nov 24, 2020

Sale

POWI

16,668 shares

POWI

Nov 24, 2020

Charity

POWI

1,035 shares

POWI

Jul 1, 2020

Received

POWI

$1.09M

POWI at $109.43/share

May 27, 2020

Sale

POWI

$864.17K

POWI at $108.02/share

May 12, 2020

Sale

POWI

1,500 shares

POWI

Jul 1, 2019

Received

POWI

$237.84K

POWI at $79.28/share

May 1, 2019

Sale

Compensation History

See how much did Dr. Steven Sharp make over time.

In 2023, Dr. Sharp's total compensation was around $8.2 million, which included a base salary of $706,250. His bonus of $1,500 was tied to his work on a patent, emphasizing the importance of innovation in his role. The bulk of his compensation came from $7.8 million in vested stock from RSUs, PSUs, and PRSUs, which aligns his interests with those of shareholders. This performance-oriented pay structure motivates him to drive the company forward, ensuring that as Power Integrations grows, so does his financial stake. His compensation reflects the company's success and his contribution to it over the years.

Year

2023

Total Compensation

$8.53M

Salary

$706.25K

Board Justification

Power Integrations aims to attract and retain qualified executive management by establishing competitive compensation levels that align with company performance and stockholder interests.

Bonus

$1.50K

Board Justification

The bonus for Dr. Sharp in 2023 was awarded for work on an individual patent that was assigned to Power Integrations.

Other

$14.07K

Board Justification

Includes 401(k) plan contribution match and life insurance premiums as well as vacation cash-out which all employees have the option to participate in after one full year of service.

Restricted Stock

$7.81M(90.85K RSU)

Board Justification

The number of shares acquired upon vesting of RSUs, PSUs, and PRSUs during fiscal 2023.

Performance Metrics

The performance metrics for determining the compensation of Dr. Sharp in 2023 included net revenue, non-GAAP operating income, and strategic goals.

Other Power Integrations CEOs

Here are other CEOs of Power Integrations

Sandeep Nayyar

Ex-CEO of Power Integrations

June 2018 - June 2023