Philip R. Gallagher has been the Chief Executive Officer of Avnet, Inc. since November 2020, after serving as interim CEO starting in August 2020. Before becoming CEO, he held various leadership positions within the company, accumulating over a decade of...

Current Market Cap

$4.72B

Number of Employees

15.8K

Total Compensation

2020 - 2022

Trending up by 12.86% last year
Showing total compensation for the last 2020 - 2022

Stock

Down by -100.00% last year

Salary

Up by 4.55% last year

Bonus

Up by 1741.90% last year

Other

Up by 0.00% last year

Year

2022

Total Compensation

$7.26M

Salary

$1.15M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on long-term shareholder value.

Bonus

$6.08M

Board Justification

Annual cash incentive based on pre-established performance goals, with a target of $1,725,000 and a maximum payout of $3,450,000, achieved at 141.02% of target.

Other

$28.78K

Board Justification

Includes expenses associated with the Company’s automobile program and the cost of annual physical exams.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2022 as the focus is on cash compensation and performance-based incentives.

Performance Metrics

Performance metrics include financial performance goals such as Adjusted Operating Income, Return on Working Capital, and Relative Market Share.

SEC Filing

From October 2, 2023