Darin Billerbeck is the current CEO of Lattice Semiconductor, a role he's been in since November 2010, after previously leading Everspin Technologies as Interim CEO starting in early 2021. His career spans over a decade in semiconductor-related roles, and before...

Darin Billerbeck is the current CEO of Lattice Semiconductor, a role he's been in since November 2010, after previously leading Everspin Technologies as Interim CEO starting in early 2021. His career spans over a decade in semiconductor-related roles, and before joining Lattice, he was CEO at Zilog Inc, a company known for its microcontrollers. Billerbeck has a history of being involved in key strategic shifts, driving growth in the tech sector. In 2022, he was awarded a total compensation of $1.3 million, largely influenced by his impressive performance metrics. His stock options have seen notable increases, peaking significantly during a surge in company value between 2019 and 2021, highlighting his strong alignment with shareholder interests. Notably, Billerbeck is strategic and has a keen focus on results, as reflected in his performance metrics and incentive plans, which are designed to reward achieving business goals while retaining talented leadership.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Everspin Technologies CEOs

E

Darin Billerbeck

Ex-CEO of Everspin Technologies

Sector of Economy

Technology

Born

January 1, 1960 - 65 years ago

CEO of Everspin Technologies for

1 year 9 months (Jan 2021 - Nov 2022)

Previous Experience

Member of the Board since August 2018; non-executive Chairman of the Board since March 2019.

Rivals

Competitors/colleagues of Darin Billerbeck

Holdings

See how much did Darin Billerbeck make over time.

Darin Billerbeck's holdings in Lattice Semiconductor have shown substantial growth over the years. Starting from around $16 million in mid-2019, his net worth in stock holdings fluctuated significantly, peaking at approximately $66 million in late 2021. This rapid increase aligns...

Darin Billerbeck's holdings in Lattice Semiconductor have shown substantial growth over the years. Starting from around $16 million in mid-2019, his net worth in stock holdings fluctuated significantly, peaking at approximately $66 million in late 2021. This rapid increase aligns with the performance of Lattice Semiconductor, as the company's stock price grew impressively in that timeframe. However, there are notable ups and downs; for instance, in the second half of 2022, Billerbeck’s holdings dipped to around $40 million as the market cooled off. As of 2024, trends indicate a current holding value of about $35 million. His investments, particularly his stock options, have demonstrated a long-term commitment to the company's growth and a strong alignment with shareholder interests.

Total Stock Sold

$3.18M

MRAM

$1.74M

193,589 MRAM shares

LSCC

$1.44M

175,400 LSCC shares

What if they kept their stock?

If Darin Billerbeck didn't sell their stock, today they would have:
Extra MRAM193,589 shares worth $491.72K and LSCC175,400 shares worth $3.37M.
This is 21.61% and $686.43K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Darin Billerbeck.

MRAM

20,973 shares

MRAM

May 23, 2024

Received

MRAM

$87.30K

MRAM at $8.73/share

Dec 8, 2023

Sale

MRAM

$96.30K

MRAM at $9.63/share

Aug 15, 2023

Sale

MRAM

$96.30K

MRAM at $9.63/share

Aug 15, 2023

Sale

MRAM

16,578 shares

MRAM

May 23, 2023

Received

MRAM

$66.70K

MRAM at $6.67/share

Mar 8, 2023

Sale

MRAM

$7.06K

MRAM at $5.51/share

Jan 3, 2023

Sale

MRAM

$22.95K

MRAM at $6.31/share

Dec 2, 2022

Sale

MRAM

$21.73K

MRAM at $6.16/share

Nov 2, 2022

Sale

MRAM

$20.86K

MRAM at $6.18/share

Oct 1, 2022

Sale

Compensation History

See how much did Darin Billerbeck make over time.

Darin Billerbeck's compensation package is designed to align his interests with shareholders while rewarding performance. In 2022, he earned a total of $1.3 million, which included a base salary of $675,000 and a cash bonus reflecting the achievement of 178.7% of his performance targets. His compensation approach emphasizes long-term growth and reward, with a significant portion tied to performance-based metrics. In the previous year, 2021, he saw a dramatic increase in total compensation, which exceeded $18 million, mainly due to vested stock awards and stock options exercised. This shows a transition in his compensation structure as he moved from a more cash-centric model to one heavily influenced by stock performance. His track record exemplifies a focus on results, with significant stock options granted and a clear strategy to maximize value for both himself and the shareholders.

Year

2022

Total Compensation

$7.98M

Salary

$675.00K

Board Justification

The compensation philosophy emphasizes alignment with long-term stockholder interests, attracting and retaining high-performing executives, and rewarding achievement of business goals.

Bonus

$1.31M

Board Justification

Annual cash incentive awards reflecting achievement of 178.7% of target annual cash incentive award opportunity for fiscal 2022.

Other

$0.00

Board Justification

No significant perquisites or other personal benefits were provided to the CEO in 2022.

Restricted Stock

$6.00M(106.28K RSU)

Board Justification

Granted time-based RSU awards that may be settled for shares of common stock with aggregate values of $3,000,000 for the CEO.

Performance Metrics

Performance metrics included non-GAAP operating income, revenue, and management objectives.

Other Everspin Technologies CEOs

Here are other CEOs of Everspin Technologies

Kevin Conley

Ex-CEO of Everspin Technologies

September 2017 - January 2021

Sanjeev Aggarwal

Ex-CEO of Everspin Technologies

November 2022 - July 2024