Sundar PichaiSundar Pichai earned $164M in 2023

Daniel A. Baker is the President and CEO of NVE Corporation, a role he has held since 2001. With over 45 years of experience in executive and engineering positions, Baker has a solid background in the tech industry, especially in...

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Daniel A. Baker

CEO of NVE Corporation

Education

Ph.D. in biomedical engineering and MBA from the University of Minnesota, B.S. in biomedical engineering from Case Western Reserve University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1966 - 59 years ago

CEO of NVE Corporation for

24 years 4 months (Jan 2001 - Present)

Previous Experience

President and CEO of Printware, Inc.

Rivals

Competitors/colleagues of Daniel A. Baker

Holdings

See how much did Daniel A. Baker make over time.

Daniel A. Baker's holdings in NVE Corporation have varied over the years, showing his commitment to the company. At one point, his stock was valued at approximately $5.83 million in early 2020, but values fluctuated throughout the following years. By...

Total Stock Sold

$5.14M

NVEC

$5.14M

82,360 NVEC shares

What if they kept their stock?

If Daniel A. Baker didn't sell their stock, today they would have:
Extra NVEC82,360 shares worth $4.78M.
This is -7.06% and $363.13K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Daniel A. Baker.

NVEC

$1.74M

NVEC at $87.17/share

May 10, 2023

Sale

NVEC

$1.07M

NVEC at $53.29/share

Oct 29, 2013

Sale

NVEC

$125.69K

NVEC at $53.26/share

Nov 5, 2012

Sale

NVEC

$2.19M

NVEC at $54.64/share

Nov 2, 2011

Sale

Compensation History

See how much did Daniel A. Baker make over time.

In 2023, Daniel A. Baker's total compensation was $1,055,480, comprising a salary of $400,000, performance-based incentives of $616,108, and other benefits. His pay has been closely linked to NVE’s operational income, illustrating a clear connection between his performance and the company's financial success. Notably, he has not relied on stock options for compensation, preferring cash incentives that correlate directly with company growth. This approach reflects his focus on driving profitability while maintaining an efficient pay structure. Through this compensation model, Baker embodies a strategy designed to align executive performance with shareholder interests.

Year

2023

Total Compensation

$413.29K

Salary

$400.00K

Board Justification

The compensation philosophy is designed to align executive pay with performance, focusing on growth and profitability to maximize shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2023.

Other

$13.29K

Board Justification

Other compensation includes contributions to retirement plans and insurance premiums paid on behalf of the CEO.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation.

Performance Metrics

Performance-based compensation is linked to income from operations, rewarding strategies that result in revenue growth and cost control.