Sundar PichaiSundar Pichai earned $164M in 2023
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John M. Forsyth

CEO of Cirrus Logic

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1973 - 52 years ago

Economy Sector

Technology

Current Tenure

4 years 2 months (Jan 2021 - Present)

Previous Experience

Vice President of Audio Products, Vice President of Product Marketing, Chief Strategy Officer

John M. Forsyth has been the Chief Executive Officer of Cirrus Logic, Inc. since January 1, 2021. He originally joined the company in 2014 through the acquisition of Wolfson Microelectronics, where he contributed significantly as the Vice President of Audio...

Year

2022

Total Compensation

$3.30M

Salary

$700.00K

Board Justification

The compensation philosophy is designed to attract and retain executives while aligning their interests with those of stockholders, focusing on performance-based compensation tied to company performance metrics.

Bonus

$350.00K

Board Justification

The bonus is based on the company's performance under the Incentive Plan, with a target of 50% of the annual base salary, resulting in a total cash compensation of $1,400,000 for the fiscal year 2023.

Other

$11.65K

Board Justification

Other compensation includes contributions to the 401(k) plan, health savings account contributions, and insurance premiums.

Restricted Stock

$2.23M(23.17K RSU)

Board Justification

The stock awards that vested in 2023 include Performance-Based Restricted Stock Units (PBRSUs) and Restricted Stock Units (RSUs) granted in previous years, with a total value of $2,234,918 based on the closing market price of the stock on March 24, 2023.

Performance Metrics

The performance metrics include Operating Profit Margin and revenue growth, which determine the cash bonus payout percentages.