Cristiano R. Amon has been the CEO of Qualcomm Incorporated since July 1, 2021, stepping up after serving as President. He joined Qualcomm back in 1995 as an engineer, which means he understands the tech inside and out. Amon holds a degree in Electrical Engineering and has an honorary doctorate from a Brazilian university. Under his watch, Qualcomm continues to push for advancements in technologies like 5G, a major trend in the mobile world today. He has a personal stake in the company, owning over 40,500 shares worth about $4.4 million, and a trust in his name holds over 232,000 shares valued at around $38.5 million. This makes it clear that Amon is invested in Qualcomm's success. Interestingly, Cristiano isn't the only Amon at Qualcomm; his brother, Rogerio Amon, works there too. In 2023, he earned a total compensation of about $23.5 million, which included a salary, a performance-based bonus, and a big chunk from stock vesting. He leads a company known for its innovative wireless technology while keeping his feet on the ground with strong family ties within the organization.

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Cristiano R. Amon

CEO of Qualcomm

Education

B.S. in Electrical Engineering from UNICAMP

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

December 1, 1970 - 54 years ago

CEO of Qualcomm for

3 years 11 months (Jul 2021 - Present)

Previous Experience

President of Qualcomm

Rivals

Competitors/colleagues of Cristiano R. Amon

Mark Zuckerberg

Founder and CEO of Meta Platforms, Inc.

2022 Compensation

Stock

$0.00

Salary

$1.00

Bonus

$0.00

Other

$27.11M

Total Holdings

$207.33B

Sundar Pichai

CEO of Alphabet Inc.

2023 Compensation

Stock

$155.42M

Salary

$2.00M

Bonus

$0.00

Other

$6.80M

Total Holdings

$459.19M

Rami Rahim

CEO of Juniper Networks

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$22.79K

Total Holdings

$34.91M

Jen-Hsun Huang

Founder and CEO of Nvidia

2023 Compensation

Stock

$61.63M

Salary

$1.00M

Bonus

$4.00M

Other

$2.49M

Total Holdings

$99.30B

Hock E. Tan

CEO of Broadcom Inc.

2023 Compensation

Stock

$160.21M

Salary

$1.20M

Bonus

$0.00

Other

$86.16K

Total Holdings

$235.55M

Satya Nadella

CEO of Microsoft

2022 Compensation

Stock

$0.00

Salary

$2.50M

Bonus

$0.00

Other

$110.25K

Total Holdings

$332.40M

Holdings

See how much did Cristiano R. Amon make over time.

Cristiano R. Amon has made notable investments in Qualcomm stock, holding 40,500 shares directly valued at $4.4 million as of October 2023. Additionally, a trust he manages holds more than 232,000 shares worth about $38.5 million. This investment reflects his confidence in Qualcomm's growth strategies. Over the years, his stock holdings have fluctuated, showing a pattern of commitment to the company and its innovations. Before becoming CEO, Amon had built up significant shares during his tenure, suggesting a strategic approach to his investments correlating with the company's performance. This connection between his wealth and Qualcomm's success indicates strong alignment with shareholders' interests, showcasing both risk and reward in tandem with the firm's evolving market dynamics.

Total Stock Sold

$51.33M

QCOM

$51.33M

528,930 QCOM shares

What if they kept their stock?

If Cristiano R. Amon didn't sell their stock, today they would have:
Extra QCOM528,930 shares worth $44.44M.
This is -13.43% and $6.89M less than what they got when they sold the stock.

Charitable Transactions

QCOM

172,015 shares

QCOM

Recent Charitable Transactions

QCOM

172,015 shares

QCOM

Apr 14, 2023

Charity

Insider Trading

See recent insider trades of Cristiano R. Amon.

QCOM

72,450 shares

QCOM

Dec 9, 2024

Received

QCOM

$1.54M

QCOM at $190.01/share

May 15, 2024

Sale

QCOM

$1.47M

QCOM at $181.00/share

May 9, 2024

Sale

QCOM

$1.37M

QCOM at $169.60/share

Mar 7, 2024

Sale

QCOM

$1.29M

QCOM at $159.50/share

Mar 1, 2024

Sale

QCOM

$1.21M

QCOM at $149.50/share

Jan 19, 2024

Sale

QCOM

64,320 shares

QCOM

Dec 13, 2023

Received

QCOM

172,015 shares

QCOM

Apr 14, 2023

Charity

QCOM

172,015 shares

QCOM

Apr 14, 2023

Charity

QCOM

131,036 shares

QCOM

Dec 5, 2022

Received

Compensation History

See how much did Cristiano R. Amon make over time.

In 2023, Cristiano R. Amon's total compensation was about $23.5 million, which included a base salary of $1.3 million and performance-based incentives. His bonus of $540,000 was tied to Qualcomm's performance metrics, reflecting a focus on achieving specific financial goals. A significant part of his compensation came from vested stock, approximately valued at $21.8 million from 181,332 shares. This model aligns his pay with the company's success, which is a common strategy in tech leadership to ensure that executives work in the best interest of shareholders. In previous years, his compensation saw notable variation: in 2022, he earned around $4.8 million, and in 2021, it was about $4 million. This shows a trajectory of increase as he took on more responsibility and Qualcomm pursued growth paths in advanced technologies like 5G.

Year

2023

Total Compensation

$24.22M

Salary

$1.35M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executive talent while aligning with stockholder interests. It emphasizes performance-based pay, with a significant portion of compensation tied to the company's performance metrics.

Bonus

$540.00K

Board Justification

The bonus is based on the Annual Cash Incentive Plan (ACIP) performance metrics, which include Adjusted Revenues and Adjusted Operating Income, with a non-financial performance modifier for human capital advancements. The payout for fiscal 2023 was 20% of the target due to lower financial performance compared to the previous year.

Other

$493.94K

Board Justification

Other compensation includes perquisites such as personal use of corporate aircraft, security for personal travel, and other benefits such as life insurance premiums and financial planning services.

Restricted Stock

$21.84M(181.33K RSU)

Board Justification

The vested stock includes Restricted Stock Units (RSUs) that were granted in prior years and vested in fiscal 2023. The total number of shares that vested during the year was 181,332.

Performance Metrics

The performance metrics for determining the CEO's compensation include Adjusted Revenues and Adjusted Operating Income for the ACIP, as well as relative total stockholder return (RTSR) and Adjusted Earnings Per Share (EPS) for performance stock units (PSUs).

Other Qualcomm CEOs

Here are other CEOs of Qualcomm

Steven M. Mollenkopf

Ex-CEO of Qualcomm

March 2014 - June 2021