Kurt Sievers is the CEO of NXP Semiconductors, a company he’s been with since 1995. He started in various roles that helped him understand the business from the ground up. By 2020, he became CEO, focusing on innovation and sustainability....

Number of Employees

34.2K

Year

2023

Total Compensation

$12.00M

Salary

$1.50M

Board Justification

NXP Semiconductors' compensation philosophy for the CEO in 2023 focused on aligning executive pay with company performance, shareholder value creation, and retention of top talent. The compensation package was structured to reward both short-term achievements and long-term strategic goals, with a significant portion tied to performance metrics and sustainability initiatives.

Bonus

$2.50M

Board Justification

The bonus for Kurt Sievers in 2023 was based on the company's performance metrics, including revenue growth, profitability, and sustainability goals. The bonus was paid out in cash after the fiscal year-end, reflecting the achievement of set targets.

Other

$500.00K

Board Justification

Other compensation for Kurt Sievers in 2023 included retirement contributions, personal use of company aircraft, and other perquisites.

Restricted Stock

$7.50M(50K RSU)

Board Justification

In 2023, Kurt Sievers had 50,000 shares of restricted stock units (RSUs) vest. These RSUs were part of a long-term incentive plan granted in prior years, which vested based on continued service and company performance criteria.

Performance Metrics

The performance metrics for Kurt Sievers' compensation in 2023 included financial targets such as revenue growth and EBITDA, as well as non-financial metrics like sustainability achievements and innovation milestones.

SEC Filing

From April 15, 2024

Kurt Sievers

CEO of NXP Semiconductors

N

Education

Master's degree in Business Administration from the University of Mannheim

Field of Expertise

Business & Management

Born

January 1, 1965 - 60 years ago

Is Founder?

No

Current Tenure

4 years 7 months (May 2020 - Present)

Previous Experience

Joined NXP in 1995, member of the executive management team since 2009, President since 2018