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Franco Plastina is a key player in the tech world, having led Wolfspeed, a company focused on semiconductor technology, from 2015 until its organizational changes in 2017. With a Master's degree in Electrical Engineering from the University of Toronto, he...

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Franco Plastina

Ex-CEO of Wolfspeed

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

CEO of Wolfspeed for

0 years 1 month (Feb 2017 - Mar 2017)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Franco Plastina

Holdings

See how much did Franco Plastina make over time.

Franco Plastina had significant stakes tied to his time at Wolfspeed, where he navigated challenges as the CEO from 2015 to 2017. At the peak of his tenure in 2017, his compensation totaled over $1.3 million, stemming from a combination...

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Insider Trading

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Compensation History

See how much did Franco Plastina make over time.

In 2017, Franco Plastina's total compensation came to about $1,388,555, which included a base salary of $825,000 and a guaranteed bonus of $859,904. His bonus was tied to the company's performance and various targets he was expected to meet. In terms of stock, he had vested stock grants worth nearly $10 million that reflected the time and energy he put into his role. This performance-driven structure highlights how his pay was directly related to the company's achievements, aligning his interests with the overall health of the organization. In earlier years, like in 2016, his earnings were significantly lower at just about $558,628. The large leap in 2017 demonstrates the volatile nature of tech executive compensation, particularly influenced by company performance and market conditions.

Year

2017

Total Compensation

$12.02M

Salary

$825.00K

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests, targeting total direct compensation between the 50th and 75th percentiles of market data.

Bonus

$859.90K

Board Justification

Guaranteed cash incentive award for achievement of annual goals for fiscal 2018, pro-rated based on the number of days employed during the fiscal year.

Other

$399.65K

Board Justification

Includes relocation and housing expenses, tax gross-ups, and reimbursement for attorney fees related to the Change in Control Agreement.

Restricted Stock

$9.93M(208.85K RSU)

Board Justification

Restricted Stock Units (RSUs) granted that vest ratably in equal annual increments over four years from the grant date, with full value upon vesting.

Performance Metrics

Performance metrics for fiscal 2018 included revenue and non-GAAP operating income targets, with specific thresholds that needed to be met for cash incentive payouts.

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