Sandeep Nayyar is the Chief Executive Officer of Power Integrations, Inc., a company known for its power semiconductor solutions. He has been part of the company since 2010, stepping up to the CEO role in 2018. Sandeep has a strong...

Number of Employees

819

Year

2023

Total Compensation

$2.58M

Salary

$445.00K

Board Justification

The compensation philosophy aims to attract and retain qualified executive management, fairly compensate executives for their work, and align their incentives with stockholder interests through a mix of cash and equity compensation tied to performance metrics.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$15.30K

Board Justification

Other compensation includes 401(k) plan contribution match and life insurance premiums.

Restricted Stock

$2.12M(24.47K RSU)

Board Justification

The vested stock consists of restricted stock units (RSUs) that were granted in prior years and vested in 2023.

Performance Metrics

The performance metrics for determining compensation in 2023 included net revenues, non-GAAP operating income, and strategic goals.

SEC Filing

From March 29, 2024

Sandeep Nayyar

Ex-CEO of Power Integrations

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Education

B.S. in Accounting from the University of Delhi, India.

Field of Expertise

Finance & Banking - Finance

Born

February 15, 1969 - 55 years ago

Is Founder?

No

Tenure

5 years 0 months (Jun 2018 - Jun 2023)

Previous Experience

Chief Financial Officer at Power Integrations, Inc. since 2010; various financial roles at Applied Biosystems and Quantum Corporation.