Sundar PichaiSundar Pichai earned $164M in 2023
I

Patrick (Pat) Gelsinger

Ex-CEO of Intel

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Born

March 5, 1961 - 63 years ago

Economy Sector

Technology

Tenure

3 years 9 months (Feb 2021 - Dec 2024)

Previous Experience

CEO of VMware, President and COO of EMC

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...

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.