Badri Kothandaraman has been leading Enphase Energy as President and CEO since September 2017, bringing a wealth of experience from his time at Cypress Semiconductor. He’s all about engineering and tech, having worked there for over two decades in various...

Badri Kothandaraman has been leading Enphase Energy as President and CEO since September 2017, bringing a wealth of experience from his time at Cypress Semiconductor. He’s all about engineering and tech, having worked there for over two decades in various leadership roles. Under his watch, Enphase has shipped over 73 million microinverters globally and has installed more than 4 million energy systems. Badri is focused on performance and aligning company goals with shareholder interests. He believes that if the company does well, everyone does well. In recent years, he has achieved significant bonuses tied to achieving tough goals, including a payout of over $16 million in performance-based stock awards in 2022. His leadership style emphasizes both short-term performance metrics and long-term growth, ensuring the company continues innovating and delivering value to customers and investors alike.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Enphase Energy CEOs

E

Badri Kothandaraman

CEO of Enphase Energy

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Energy

Born

January 1, 1972 - 53 years ago

CEO of Enphase Energy for

7 years 8 months (Aug 2017 - Present)

Previous Experience

Chief Operating Officer at Enphase Energy, Inc.

Rivals

Competitors/colleagues of Badri Kothandaraman

S

William J. Berger

Founder and CEO of Sunnova Energy International

2022 Compensation

Stock

$489.65K

Salary

$650.00K

Bonus

$1.22M

Other

$20.09K

Total Holdings

$142.76K

F

Mark R. Widmar

CEO of First Solar

2023 Compensation

Stock

$1.50M

Salary

$500.00K

Bonus

$200.00K

Other

$100.00K

Total Holdings

$10.43M

S

Mary Powell

CEO of Sunrun

2022 Compensation

Stock

$720.02K

Salary

$800.00K

Bonus

$1.29M

Other

$10.68K

Total Holdings

$3.72M

Holdings

See how much did Badri Kothandaraman make over time.

Badri Kothandaraman has substantial holdings in Enphase Energy, which reflect the company's performance and his belief in its direction. Over the years, his wealth in the company's stock has fluctuated significantly. For instance, in December 2021, his holdings peaked at...

Badri Kothandaraman has substantial holdings in Enphase Energy, which reflect the company's performance and his belief in its direction. Over the years, his wealth in the company's stock has fluctuated significantly. For instance, in December 2021, his holdings peaked at over $240 million just before the company's remarkable growth period, during which the stock's value rose dramatically. By the end of 2022, the value of his stock grants had dropped, but he still maintained a significant stake in the company, showcasing his commitment. As of late 2023, Kothandaraman's holdings are still impressive, valued at $180 million. His vested shares indicate a strong performance alignment with the company's objectives. He’s got skin in the game, which shows he’s invested in both the company’s success and the shareholders’ interests.

Total Stock Sold

$163.07M

ENPH

$163.07M

761,164 ENPH shares

What if they kept their stock?

If Badri Kothandaraman didn't sell their stock, today they would have:
Extra ENPH761,164 shares worth $28.97M.
This is -82.24% and $134.10M less than what they got when they sold the stock.

Charitable Transactions

ENPH

1,584,530 shares

ENPH

Recent Charitable Transactions

ENPH

1,584,530 shares

ENPH

Feb 9, 2024

Charity

Insider Trading

See recent insider trades of Badri Kothandaraman.

ENPH

16,500 shares

ENPH

Jan 23, 2025

Received

ENPH

39,600 shares

ENPH

Jan 14, 2025

Received

ENPH

$308.81K

ENPH at $61.76/share

Nov 19, 2024

Purchase

ENPH

$301.90K

ENPH at $60.38/share

Nov 14, 2024

Purchase

ENPH

1,584,530 shares

ENPH

Feb 9, 2024

Charity

ENPH

1,584,530 shares

ENPH

Feb 9, 2024

Charity

ENPH

$482.15K

ENPH at $120.54/share

Feb 27, 2024

Purchase

ENPH

13,200 shares

ENPH

Jan 25, 2024

Received

ENPH

33,000 shares

ENPH

Jan 15, 2024

Received

ENPH

$100.87K

ENPH at $90.23/share

Nov 16, 2023

Purchase

Compensation History

See how much did Badri Kothandaraman make over time.

In 2022, Badri Kothandaraman’s compensation was a mix of salary, bonuses, and stock awards, totaling around $16.6 million. His base salary was $450,000. He received a performance-based bonus of approximately $564,665 for hitting corporate goals. What sets this apart is his stock awards, which can significantly increase based on the performance of the company, showing he has a strong incentive to keep Enphase growing. He was granted 32,000 shares, vesting over time, which means he benefits from the longer-term success of the company. His pay also reflects the company’s growth strategy, emphasizing that executive compensation is tied to performance metrics like revenue growth and product development. This clearly shows the kind of pay-for-performance philosophy he advocates.

Year

2022

Total Compensation

$1.02M

Salary

$450.00K

Board Justification

The compensation philosophy aims to attract, retain, and reward highly qualified executives, aligning their interests with those of stockholders through performance-based incentives.

Bonus

$564.67K

Board Justification

The bonus was based on the achievement of corporate objectives and individual performance goals, resulting in a payout of 125% of the target annual payout under the 2022 Bonus Program.

Other

$2.11K

Board Justification

Other compensation includes a cell phone allowance and matching contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2022 as the focus was on performance-based equity awards that are not included in the total compensation calculation.

Performance Metrics

The performance metrics for the CEO's compensation included revenue growth, profit before taxes, new product introductions, and operational improvements.

Other Enphase Energy CEOs

Here are other CEOs of Enphase Energy

Paul Nahi

Ex-CEO of Enphase Energy

December 2012 - August 2017