Sundar PichaiSundar Pichai earned $164M in 2023
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Walt Havenstein

Ex-CEO of Leidos Holdings

Education

Not specified

Field of Expertise

Business & Management

Born

October 5, 1949 - 75 years ago

Economy Sector

Technology

Tenure

2 years 5 months (Sep 2009 - Feb 2012)

Previous Experience

Chief Operating Officer and Director of BAE Systems plc

Walt Havenstein is a seasoned leader in the defense and technology sectors, having served as the CEO of Leidos Holdings, Inc. from September 2009 to February 2012. Before joining Leidos, he was the Chief Operating Officer at BAE Systems, a...

Year

2012

Total Compensation

$8.00M

Salary

$1.00M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, ensuring competitive compensation to attract and retain top executive talent.

Bonus

$710.00K

Board Justification

Cash incentive award for fiscal 2012 and for fiscal 2013, prorated based on his term of service during the fiscal year, determined based on the achievement of the pre-established performance criteria for the applicable year.

Other

$945.09K

Board Justification

Lump sum payment equal to his base salary prorated from the retirement date through January 31, 2013.

Restricted Stock

$5.35M(1.75M Restricted Stock)

Board Justification

Vesting of the remaining unvested portion of the restricted stock awards and stock option awards granted to him in September 2009 as an inducement to join the company, which vested upon retirement.

Performance Metrics

Performance metrics include achievement of financial and operational goals set at the beginning of the fiscal year.