Sundar PichaiSundar Pichai earned $164M in 2023

Giel Rutten is the President and Chief Executive Officer of Amkor Technology, a company he joined in 2014. With a solid background in engineering and over 30 years of experience in the semiconductor industry, he has a comprehensive understanding of...

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Giel Rutten

CEO of Amkor Technology

Education

Master's Degree in Physics and Chemistry

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1958 - 67 years ago

CEO of Amkor Technology for

4 years 9 months (Jun 2020 - Present)

Previous Experience

Executive Vice President at Amkor Technology Inc.

Holdings

See how much did Giel Rutten make over time.

Giel Rutten has a substantial financial stake in Amkor Technology, indicative of his confidence in the company's future. His insider trading activity has been significant over the years, showcasing periods where he sold stocks amounting to millions. For instance, in...

Mar 18, 2025

Total Stock Sold

$27.59M

AMKR

$27.59M

1,180,000 AMKR shares

What if they kept their stock?

If Giel Rutten didn't sell their stock, today they would have:
Extra AMKR1,180,000 shares worth $10.83M.
This is -60.76% and $16.76M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Giel Rutten.

AMKR

16,736 shares

AMKR

Feb 19, 2025

Received

AMKR

$315.10K

AMKR at $31.51/share

Oct 15, 2024

Sale

AMKR

$543.75K

AMKR at $30.00/share

Sep 16, 2024

Sale

AMKR

$814.00K

AMKR at $32.56/share

Aug 15, 2024

Sale

AMKR

106,638 shares

AMKR

Aug 13, 2024

Received

AMKR

$1.07M

AMKR at $42.67/share

Jul 15, 2024

Sale

AMKR

$870.50K

AMKR at $34.82/share

Jun 17, 2024

Sale

AMKR

$834.25K

AMKR at $33.37/share

May 15, 2024

Sale

AMKR

$779.25K

AMKR at $31.17/share

Apr 16, 2024

Sale

AMKR

$780.75K

AMKR at $31.23/share

Mar 15, 2024

Sale

Compensation History

See how much did Giel Rutten make over time.

In 2023, Giel Rutten’s total compensation reached $2,012,774. This included a base salary of $1,000,000, along with a performance-based cash bonus of $877,500. The bonus was calculated based on key performance measures such as revenue and operating income, resulting in a payout fulfilling 65% of his target potential. Rutten’s compensation package also encompassed $135,274 in other benefits, which included housing and tax-related payments stemming from his relocation to Singapore. His compensation philosophy is designed to align his incentives with long-term stockholder value, promoting sustained company performance. Previous years have seen Rutten’s total earnings fluctuate, reflecting changes in company performance and market conditions. In 2022, for example, his total compensation was significantly higher at approximately $3.58 million. This highlights how his earnings are closely tied to Amkor's success.

Year

2023

Total Compensation

$2.01M

Salary

$1.00M

Board Justification

The compensation program is designed to reward high levels of performance at the Company and individual levels, aligning executive compensation with the creation of long-term stockholder value.

Bonus

$877.50K

Board Justification

Subject to the terms and conditions of the Executive Bonus Plan, Mr. Rutten is eligible each year for a cash bonus with a target amount equal to 135% of his then-current salary. For 2023, the actual bonus was calculated based on the performance measures of Revenue, Operating Income, and Individual Performance, resulting in a payout of 65% of the target bonus.

Other

$135.27K

Board Justification

Includes housing payments, tax-related payments, and other payments related to Mr. Rutten's assignment in Singapore.

Restricted Stock

$0.00(0 RSU)

Board Justification

The RSUs granted in February 2023 will vest in four equal installments beginning on February 16, 2024 and ending on February 16, 2027, subject to the recipient’s continued employment with the Company at the time of vesting. The RSUs granted to Mr. Rutten in December 2023 will vest in full on July 1, 2024, subject to Mr. Rutten’s continued employment with the Company at the time of vesting, except in the event Mr. Rutten is terminated by the Company without Cause.

Performance Metrics

The performance metrics for the 2023 annual bonus program included Revenue, Operating Income, and Individual Performance.

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