In 2023, David W. Heard earned $1.55M in total compensation at Infinera Corporation, including $758.00K salary and $791.16K bonus. 5+ years at the helm of Infinera Corporation.
Compensation History
Annual executive compensation data for David W. Heard, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.55M
Salary
$758.00K
Bonus
$791.16K
Other
$0.00
Salary
$758.00KBoard Justification
The compensation philosophy emphasizes a pay-for-performance approach, aligning executive compensation with the company's financial performance and stockholder interests.
Bonus
$791.16KBoard 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 Compensation
$0.00Board Justification
No additional compensation reported outside of salary, bonus, and stock awards.
Restricted Stock
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.
David W. Heard
CEO of Infinera Corporation
Education
MBA from the University of Dayton
Field of Expertise
Business & Management
Sector of Economy
Technology
Born
January 1, 1968 - 57 years ago
CEO of Infinera Corporation for
5 years 4 months (Aug 2020 - Present)
Previous Experience
Chief Operating Officer of Infinera Corporation, General Manager at JDS Uniphase
Other Infinera Corporation CEOs
Holdings
Track David W. Heard's stock holdings and portfolio value over time.
Insider Trading
David W. Heard's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare David W. Heard with competitor CEOs and industry peers.