Ganesh Moorthy has been leading Microchip Technology Inc. as CEO since March 2021, building on a strong foundation of experience in the semiconductor industry. He joined Microchip in 2001 and quickly moved through the ranks, serving as Chief Operating Officer...

Current Market Cap

$34.83B

Number of Employees

22.3K

Total Compensation

2021 - 2023

Trending down by -79.83% last year
Showing total compensation for the last 2021 - 2023

Stock

Up by 0.00% last year

Salary

Up by 6.06% last year

Bonus

Down by -99.25% last year

Other

Down by -82.67% last year

Year

2023

Total Compensation

$715.16K

Salary

$680.72K

Board Justification

Microchip's compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and stockholder interests.

Bonus

$21.33K

Board Justification

Bonus earned under the Employee Cash Bonus Plan (ECBP) based on company performance metrics for fiscal 2024.

Other

$13.11K

Board Justification

Includes company-matching contributions under the 401(k) retirement savings plan and life insurance premiums paid by Microchip for the benefit of the CEO.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics for bonuses are based on non-GAAP financial results, including operating income as a percentage of net sales.

SEC Filing

From July 8, 2024