Sundar PichaiSundar Pichai earned $164M in 2023
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David Bennett

Ex-CEO of Nextracker Inc.

Education

Bachelor's degree in Accounting

Field of Expertise

Finance & Banking - Finance

Economy Sector

Energy

Tenure

1 year 2 months (Jan 2023 - Mar 2024)

Previous Experience

Former CFO of Nextracker

David Bennett was appointed as Chief Operating Officer of Nextracker Inc. in February 2022, bringing over 30 years of executive management experience. His background is strong in finance, having valuable roles at major companies like Experian Health and Gainwell Technologies....

Year

2023

Total Compensation

$10.97M

Salary

$863.00K

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture, linking executive pay to the company's performance metrics and aligning interests with stockholders.

Bonus

$2.29M

Board Justification

The bonus was based on the achievement of financial metrics including revenue, adjusted EBITDA, and adjusted free cash flow for FY24, with a maximum payout of 200% of the target bonus.

Other

$14.77K

Board Justification

Other compensation includes 401(k) matching contributions and long-term disability insurance premiums paid by the company.

Restricted Stock

$7.79M(142.91K RSU)

Board Justification

The stock awards consist of performance stock units (PSUs) and restricted stock units (RSUs) that vested in FY24 based on the achievement of performance goals related to revenue and adjusted EBITDA.

Performance Metrics

The performance metrics for FY24 included revenue, adjusted EBITDA, and adjusted free cash flow.