Gene Sheridan is the President and CEO of Navitas Semiconductor Corporation, a key player in the power management and semiconductor industry. Since becoming CEO in 2021, he has significantly raised the company's profile, overseeing rapid growth in revenue, which jumped...

Gene Sheridan is the President and CEO of Navitas Semiconductor Corporation, a key player in the power management and semiconductor industry. Since becoming CEO in 2021, he has significantly raised the company's profile, overseeing rapid growth in revenue, which jumped to $79.5 million in 2023, marking a 109% increase from the previous year. Gene has a solid academic foundation with an MBA from Stanford University, which complements his extensive experience, having co-founded Navitas in 2014. Before that, he held executive roles at Empower Semiconductor and BridgeCo, enhancing his reputation as a leader in technology. An interesting twist in his career is his substantial insider trading activity, with holdings peaking at $95.29 million. In terms of compensation, in 2023, Gene earned over $1 million, primarily through vested restricted stock units, showing a direct link between his pay and the company's performance. His leadership is marked by strong governance, as he currently chairs the board of directors while guiding Navitas towards innovative semiconductor solutions.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Gene Sheridan

Founder and CEO of Navitas Semiconductor Corporation

Education

Bachelor of Science, Electrical Engineering from Clarkson University

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

January 1, 1966 - 59 years ago

CEO of Navitas Semiconductor Corporation for

11 years 4 months (Jan 2014 - Present)

Previous Experience

CEO of Empower Semiconductor, Senior Vice President at SMSC, CEO of BridgeCo, Vice President at International Rectifier

Rivals

Competitors/colleagues of Gene Sheridan

Holdings

See how much did Gene Sheridan make over time.

Gene Sheridan's holdings tell a story of ups and downs. He started 2021 with a staggering $95.29 million in shares, reflecting high confidence in Navitas's potential. However, by June 2022, his wealth had decreased significantly, dipping to $31.90 million, with...

Gene Sheridan's holdings tell a story of ups and downs. He started 2021 with a staggering $95.29 million in shares, reflecting high confidence in Navitas's potential. However, by June 2022, his wealth had decreased significantly, dipping to $31.90 million, with fluctuations in value across the months. As of 2023, he managed to bring his holdings back above $52 million, showcasing a recovery in value and trust in the company. His substantial ownership stake illustrates his commitment to Navitas and aligns his interests with those of shareholders. The majority of his wealth is tied up in company stock, reinforcing his role not just as a leader but as a significant stakeholder. His approach seems to resonate with the company's aim to increase market share in innovative semiconductor solutions.

Total Stock Sold

$15.23M

NVTS

$15.23M

2,661,537 NVTS shares

What if they kept their stock?

If Gene Sheridan didn't sell their stock, today they would have:
Extra NVTS2,661,537 shares worth $34.07M.
This is 123.74% and $18.84M more than what they got when they sold the stock.

Charitable Transactions

NVTS

3,700,000 shares

NVTS

Recent Charitable Transactions

NVTS

140,000 shares

NVTS

Aug 28, 2023

Charity

NVTS

350,000 shares

NVTS

Aug 22, 2023

Charity

NVTS

400,000 shares

NVTS

Jun 14, 2023

Charity

NVTS

2,000,000 shares

NVTS

Dec 31, 2022

Charity

NVTS

810,000 shares

NVTS

Dec 31, 2021

Charity

Insider Trading

See recent insider trades of Gene Sheridan.

NVTS

$2.77M

NVTS at $3.03/share

Aug 28, 2024

Sale

NVTS

$184.51K

NVTS at $4.80/share

Mar 13, 2024

Sale

NVTS

98,435 shares

NVTS

Mar 13, 2024

Received

NVTS

$199.15K

NVTS at $5.97/share

Nov 2, 2023

Sale

NVTS

$213.12K

NVTS at $6.39/share

Oct 5, 2023

Sale

NVTS

$288.71K

NVTS at $8.61/share

Sep 5, 2023

Sale

NVTS

$7.55M

NVTS at $8.28/share

Aug 28, 2023

Sale

NVTS

140,000 shares

NVTS

Aug 28, 2023

Charity

NVTS

350,000 shares

NVTS

Aug 22, 2023

Charity

NVTS

140,000 shares

NVTS

Aug 22, 2023

Charity

Compensation History

See how much did Gene Sheridan make over time.

In 2023, Gene Sheridan's compensation package totaled $1,060,001. His base salary was $541,669, but the bulk came from 12,000 shares of vested stock worth around $7.36 million. What makes this noteworthy is that he didn't receive a cash bonus that year, a rarity for high-level executives. This reflects his focus on long-term performance and company goals rather than immediate monetary gain. The performance metrics tied to this compensation plan emphasize revenue growth and overall financial health. This alignment between his pay and the company's success demonstrates a commitment to driving shareholder value. His compensation structure shows how closely his interests are linked with those of Navitas’s investors, making his leadership pivotal in steering the company.

Year

2023

Total Compensation

$7.91M

Salary

$541.67K

Board Justification

Navitas aims to align executive compensation with strategic objectives and financial performance, focusing on attracting, motivating, and retaining key talent.

Bonus

$0.00

Board Justification

No annual bonus was awarded for 2023.

Other

$13.36K

Board Justification

Includes employer matching contributions under Navitas’ 401(k) plan and life insurance premiums paid by the company.

Restricted Stock

$7.36M(12K RSU)

Board Justification

12,000 shares of restricted stock units (RSUs) vested in 2023 as part of the annual compensation plan, based on performance metrics achieved during the year.

Performance Metrics

Compensation is tied to corporate financial performance goals based on revenues, gross margins, and cash utilization.