Gregory S. Smith is the CEO of Teradyne, Inc., a leader in automated test equipment and robotics solutions. He stepped into this role on February 1, 2023, after being with the company since 2006. Smith has a solid background in...

Number of Employees

6.5K

Year

2023

Total Compensation

$3.29M

Salary

$850.00K

Board Justification

The compensation program aims to attract, retain, and motivate high-performing employees by linking a significant portion of compensation to company and business unit performance, ensuring alignment with shareholder interests.

Bonus

$317.69K

Board Justification

Performance-based variable cash compensation based on company performance metrics, resulting in a payout of 69% of target for 2023.

Other

$14.33K

Board Justification

Includes company contributions to defined contribution plans and life insurance premiums.

Restricted Stock

$2.11M(20.53K RSU)

Board Justification

Time-based restricted stock units that vested in 2023, with a total of 21,752 RSUs granted, vesting in equal installments over four years.

Performance Metrics

Performance-based variable compensation tied to PBIT, two-year rolling revenue growth rate, and strategic business objectives.

SEC Filing

From March 29, 2024

Gregory S. Smith

CEO of Teradyne, Inc.

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Education

Bachelor's degree in Business Administration from the University of Massachusetts Amherst

Field of Expertise

Business & Management

Born

December 1, 1963 - 61 years ago

Is Founder?

No

Current Tenure

1 year 11 months (Feb 2023 - Present)

Previous Experience

President of Teradyne's Industrial Automation Group