Hock E. Tan has been the CEO of Broadcom Inc. since March 2006. Under his leadership, the company has seen its stock price skyrocket over 160% since its IPO in 2009. In 2023, his total compensation reached over $161 million,...

Current Market Cap

$769.69B

Number of Employees

20K

Total Compensation

2018 - 2023

Trending up by 2312.77% last year
Showing total compensation for the last 2018 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -100.00% last year

Other

Down by -7.87% last year

Year

2023

Total Compensation

$161.50M

Salary

$1.20M

Board Justification

The compensation program is designed to reward executive officers for growing and sustaining stockholder value consistent with the strategic plan, aligning interests with stockholders, and attracting critical talent in a competitive market.

Bonus

$0.00

Board Justification

Mr. Tan did not receive an APB Plan payout in fiscal 2023 as his fiscal 2023 PSU award was front-loaded to cover five annual cash incentive payouts under the APB Plan and five years of annual equity awards.

Other

$86.16K

Board Justification

Other compensation includes $5,301 in travel reimbursements, $19,800 for 401(k) matching contributions, and $61,060 for car service.

Restricted Stock

$160.21M(198.34K RSU)

Board Justification

The stock awards that vested in 2023 include shares from previous PSU awards that were earned based on performance metrics achieved during the fiscal year.

Performance Metrics

The performance metrics for the CEO's compensation are based on achieving challenging and rigorous corporate financial goals, including revenue and adjusted non-GAAP operating income.

SEC Filing

From February 26, 2024

Hock E. Tan

CEO of Broadcom Inc.

B

Education

Bachelor's degree in Electrical Engineering from the University of California, Berkeley; Master's degree in Business Administration from the University of California, Los Angeles; and a Ph.D. in Electrical Engineering from the University of California, Berkeley.

Field of Expertise

Technology & Engineering - Engineering

Born

June 30, 1962 - 62 years ago

Is Founder?

No

Current Tenure

18 years 8 months (Mar 2006 - Present)

Previous Experience

CEO of Avago Technologies, COO of Broadcom Corporation, and various positions at other technology companies.

View Holdings

Insider Holdings of Hock E. Tan

AVGOMETA

$215.85M

$10.13M (4.92%)

Last Insider Trade

AVGO

$3.50M

AVGO at $174.87/share

Oct 3, 2024

Sale