Sundar PichaiSundar Pichai earned $164M in 2023

Patrick (Pat) Gelsinger has been the CEO of Intel Corporation since February 2021. He returned to Intel after many years at VMware, where he successfully led the company and saw huge growth. Pat isn't new to Intel; he spent most...

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Patrick (Pat) Gelsinger

Ex-CEO of Intel

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

March 5, 1961 - 64 years ago

CEO of Intel for

3 years 9 months (Feb 2021 - Dec 2024)

Previous Experience

CEO of VMware, President and COO of EMC

Holdings

See how much did Patrick (Pat) Gelsinger make over time.

Pat Gelsinger's stock holdings in Intel are significant. By the end of 2023, his shares were valued in millions. Right after he became CEO, he made a substantial personal investment in Intel shares, which shows his confidence in the company's...

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Charitable Transactions

INTC

18,611 shares

INTC

Recent Charitable Transactions

INTC

18,611 shares

INTC

Dec 27, 2008

Charity

Insider Trading

See recent insider trades of Patrick (Pat) Gelsinger.

INTC

$251.20K

INTC at $22.53/share

Nov 4, 2024

Purchase

INTC

$251.45K

INTC at $20.12/share

Aug 5, 2024

Purchase

MBLY

$99.05K

MBLY at $15.48/share

Aug 5, 2024

Purchase

INTC

$124.17K

INTC at $30.29/share

Apr 30, 2024

Purchase

MBLY

$100.56K

MBLY at $27.85/share

Apr 29, 2024

Purchase

INTC

$125.67K

INTC at $31.42/share

Apr 29, 2024

Purchase

INTC

$119.67K

INTC at $42.74/share

Jan 31, 2024

Purchase

MBLY

$99.92K

MBLY at $27.75/share

Jan 29, 2024

Purchase

INTC

$130.08K

INTC at $43.36/share

Jan 29, 2024

Purchase

INTC

$249.33K

INTC at $36.80/share

Oct 31, 2023

Purchase

Compensation History

See how much did Patrick (Pat) Gelsinger make over time.

In 2023, Patrick Gelsinger earned over $16 million in total compensation. This included a base salary of about $1 million, an annual performance bonus exceeding $2.8 million, and around $7.4 million from vested stock options. Gelsinger’s pay is linked to how well Intel performs, focused on metrics like revenue growth and operational goals. His strategic approach to compensation aligns his interests with shareholders, ensuring that his success is tied directly to the performance of Intel, making him a motivating leader in this tech giant. This aligns with Intel's broader strategy to attract and retain top talent in a competitive industry.

Year

2023

Total Compensation

$11.76M

Salary

$1.07M

Board Justification

Intel's compensation philosophy emphasizes pay-for-performance alignment, competitive pay positioning, and a substantial portion of executive compensation being variable or 'at risk'.

Bonus

$2.89M

Board Justification

The annual cash bonus payout for 2023 was based on performance metrics including revenue growth, gross margin percentage, spending reduction, and operational goals, resulting in a payout of 98.29% of the target opportunity.

Other

$362.90K

Board Justification

Other compensation includes retirement plan contributions, deferred compensation plan contributions, financial planning, and company-provided transportation.

Restricted Stock

$7.45M(219.91K RSU)

Board Justification

The RSUs vested in 2023 were granted in prior years and are part of the long-term incentive compensation structure, vesting annually over three years.

Performance Metrics

The performance metrics for 2023 included revenue growth percentage, cash flow from operations, and operational goals, with specific weightings assigned to each metric.