Gary E. Dickerson is the CEO of Applied Materials, Inc., a firm leading in the semiconductor equipment industry. He stepped into this role in 2013 after joining the company in 2011 following the acquisition of Varian Semiconductor where he served...

Number of Employees

34K

Year

2023

Total Compensation

$43.63M

Salary

$1.03M

Board Justification

The compensation philosophy aims to attract, retain, and motivate executives by linking a significant portion of their compensation to performance metrics that align with shareholder interests.

Bonus

$1.63M

Board Justification

Based on performance compared to pre-established financial, operational, strategic and individual performance objectives, with an initial performance hurdle of $6.00 of non-GAAP adjusted EPS, which was exceeded with an actual EPS of $8.05.

Other

$241.98K

Board Justification

Includes matching contributions under the tax-qualified 401(k) Plan, term life insurance premiums, and costs for security services.

Restricted Stock

$40.73M(391.67K RSU)

Board Justification

The stock awards that vested in 2023 include restricted stock units (RSUs) and performance share units (PSUs) that were granted in prior years and vested based on performance metrics achieved.

Performance Metrics

The performance metrics include non-GAAP adjusted EPS, adjusted operating margin, and total shareholder return relative to peers.

SEC Filing

From January 24, 2024

Gary E. Dickerson

CEO of Applied Materials

A

Education

Bachelor's degree in Electrical Engineering from the University of California, Berkeley

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1957 - 68 years ago

Is Founder?

No

Current Tenure

11 years 4 months (Sep 2013 - Present)

Previous Experience

CEO of Varian Semiconductor Equipment Associates, Inc.