Richard Clemmer was the CEO of NXP Semiconductors from May 2009 to May 2020. Under his leadership, NXP became a top player in the semiconductor market, focusing on making chips for automotive technologies. After his CEO role, he served as a strategic advisor, helping guide the company during a transitional phase. Clemmer earned $2.25 million in 2020, with a large part coming from stock awards—specifically, 123,214 shares worth over $15 million. However, he didn’t receive a cash bonus that year because the company missed its performance targets. Before leading NXP, he built a career in engineering and management, earning a degree in Electrical Engineering from the University of Illinois. Clemmer also played a significant role in NXP's major merger with Freescale Semiconductor in 2015, which boosted their market presence significantly. His tenure is marked by a strong focus on innovation and sustainability, which continue to be key values for NXP. Clemmer's insights on industry trends have been valuable in maintaining the company’s position in a rapidly changing tech environment.

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Richard Clemmer

Ex-CEO of NXP Semiconductors

Education

Bachelor's degree in Electrical Engineering from the University of Illinois at Urbana-Champaign

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1960 - 65 years ago

CEO of NXP Semiconductors for

11 years 0 months (May 2009 - May 2020)

Previous Experience

CEO of NXP Semiconductors N.V.

Rivals

Competitors/colleagues of Richard Clemmer

Gary E. Dickerson

CEO of Applied Materials

2023 Compensation

Stock

$40.73M

Salary

$1.03M

Bonus

$1.63M

Other

$241.98K

Total Holdings

$259.00M

Steve Sanghi

CEO of Microchip Technology

2021 Compensation

Stock

$3.74M

Salary

$484.88K

Bonus

$38.13K

Other

$18.27K

Total Holdings

$548.04M

Vincent T. Roche

CEO of Analog Devices

2023 Compensation

Stock

$19.40M

Salary

$1.13M

Bonus

$0.00

Other

$345.19K

Total Holdings

$29.96M

Gregory S. Smith

CEO of Teradyne, Inc.

2023 Compensation

Stock

$2.11M

Salary

$850.00K

Bonus

$317.69K

Other

$14.33K

Total Holdings

$10.77M

Richard K. Templeton

CEO of Texas Instruments

2023 Compensation

Stock

$10.78M

Salary

$600.00K

Bonus

$2.00M

Other

$421.71K

Total Holdings

$83.59M

Richard P. Wallace

CEO of KLA Corporation

2022 Compensation

Stock

$46.42M

Salary

$997.12K

Bonus

$2.95M

Other

$1.32M

Total Holdings

$63.76M

Holdings

See how much did Richard Clemmer make over time.

At one point, Richard Clemmer held a substantial number of shares in NXP Semiconductors, especially during his time as CEO. In 2020, he vested 123,214 restricted stock units (RSUs), which were valued at over $15 million at the time of vesting. This high number reflected his longstanding commitment and investment in the company. However, his wealth in NXP shares fluctuated as he transitioned from CEO to advisor, and with the company facing performance challenges, the stock's future value became uncertain. Clemmer's strategic decisions during the merger with Freescale also influenced his equity holdings. Now, as he continues his advisory role, his stock position emphasizes the alignment of interests between executives and shareholders, showcasing the potential gains from being part of a growing tech company like NXP.

Insider Trading

See recent insider trades of Richard Clemmer.

APTV

1,750 shares

APTV

Apr 25, 2023

Received

APTV

2,893 shares

APTV

Apr 26, 2022

Received

APTV

1,842 shares

APTV

Apr 29, 2021

Received

APTV

2,929 shares

APTV

Jul 1, 2020

Received

Compensation History

See how much did Richard Clemmer make over time.

In 2020, Richard Clemmer's total compensation was $2.25 million, which included a base salary of $1.28 million. He did not earn a bonus that year because the company's performance did not meet necessary targets, leaving the bonus amount he could have received at about $833,812 unrealized. In addition to his salary, he had $981,198 in other compensation, which included various company-paid expenses like tax preparation and retirement contributions. His compensation philosophy at NXP emphasizes linking pay to performance, reflecting the company's minimum requirements for achieving financial targets. This model highlights the accountability of executives and aims to align their interests with those of the shareholders.

Year

2020

Total Compensation

$17.68M

Salary

$1.28M

Board Justification

NXP's compensation philosophy is to align executive compensation with company performance, shareholder interests, and market practices. The company aims to provide competitive compensation to attract and retain top talent while ensuring that a significant portion of executive pay is performance-based.

Bonus

$0.00

Board Justification

Mr. Clemmer was eligible for a cash bonus of 150% of his salary under the Company’s annual incentive plan for the period January 1, 2020 until May 28, 2020. However, the performance targets for the first half were not achieved resulting in a 0% payout and forfeiture of the $833,812 target opportunity.

Other

$981.20K

Board Justification

Includes amounts paid by the company for tax return preparation, executive physical, global transfer policy payments, retirement allowance, and tax gross-up payments.

Restricted Stock

$15.42M(123.21K RSU)

Board Justification

The stock awards vested during 2020 as part of the regular vesting schedule of previously granted RSUs.

Performance Metrics

The performance metrics for determining CEO compensation in 2020 included revenue growth compared to market, non-GAAP gross margin expansion, and overall company performance against set financial targets.

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Kurt Sievers

CEO of NXP Semiconductors

May 2020 - Present