In 2021, Dr. Valentin P. Gapontsev earned $980.92K in total compensation at IPG Photonics, primarily from $846.15K salary. Led IPG Photonics as CEO for 21 years.
Compensation History
Annual executive compensation data for Dr. Valentin P. Gapontsev, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$980.92K
Salary
$846.15K
Bonus
$0.00
Other
$134.76K
Salary
$846.15KBoard Justification
The compensation philosophy focuses on pay-for-performance, accountability for annual and long-term performance, alignment with stockholders’ interests, and providing competitive pay to attract and retain executives.
Bonus
$0.00Board Justification
No bonus was awarded for 2021 as Dr. Gapontsev transitioned to Executive Chair and did not participate in the annual incentive plan.
Other Compensation
$134.76KBoard Justification
Other compensation includes premiums paid for group life insurance, the expense of an automobile and driver provided for transportation, and a one-time cash payment for accrued but unused paid time following his death.
Restricted Stock
Board Justification
No stock awards were granted to Dr. Gapontsev in 2021 due to his significant ownership of Company stock.
Performance Metrics
The performance metrics for the CEO's compensation were based on the achievement of challenging corporate goals, including annual net sales and profitability.
Dr. Valentin P. Gapontsev
Founder and Ex-CEO of IPG Photonics
Education
Ph.D. in Physics
Sector of Economy
Technology
Born
September 22, 1939 - 86 years ago
CEO of IPG Photonics for
21 years 9 months (Jan 2000 - Oct 2021)
Previous Experience
Founder and long-time Chairman of IPG Photonics Corporation; held various executive positions in optics and laser technology.
Other IPG Photonics CEOs
Holdings
Track Dr. Valentin P. Gapontsev's stock holdings and portfolio value over time.
Insider Trading
Dr. Valentin P. Gapontsev's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Dr. Valentin P. Gapontsev with competitor CEOs and industry peers.
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