Sundar PichaiSundar Pichai earned $164M in 2023
I

David W. Heard

CEO of Infinera Corporation

Education

MBA from the University of Dayton

Field of Expertise

Business & Management

Born

January 1, 1968 - 57 years ago

Economy Sector

Technology

Current Tenure

4 years 6 months (Aug 2020 - Present)

Previous Experience

Chief Operating Officer of Infinera Corporation, General Manager at JDS Uniphase

David W. Heard is the Chief Executive Officer of Infinera Corporation, taking the reins in August 2020 after serving as the company’s Chief Operating Officer since 2018. He has a solid background in management, with an MBA from the University...

Year

2023

Total Compensation

$1.55M

Salary

$758.00K

Board Justification

The compensation philosophy emphasizes a pay-for-performance approach, aligning executive compensation with the company's financial performance and stockholder interests.

Bonus

$791.16K

Board Justification

The bonus is based on the company's non-GAAP Operating Income achievement for fiscal 2023, which was funded at 83.5% of target due to overall performance considerations.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and stock awards.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

No performance shares granted in 2022 and 2023 became eligible to vest based on performance during 2023; however, 69.6% of the performance shares granted in 2021 became eligible to vest in 2024 based on performance during 2023.

Performance Metrics

The primary performance metric for the bonus was non-GAAP Operating Income, with a target set at $98.3 million for fiscal 2023.