Gregg A. Lowe is the CEO of Wolfspeed, Inc., a company known for its innovative power and radio frequency technologies. Lowe holds a Bachelor’s degree in Electrical Engineering from the University of Michigan and has a strong background in engineering...

Gregg A. Lowe is the CEO of Wolfspeed, Inc., a company known for its innovative power and radio frequency technologies. Lowe holds a Bachelor’s degree in Electrical Engineering from the University of Michigan and has a strong background in engineering and leadership. Before joining Wolfspeed in July 2018, he served as CEO of Freescale Semiconductor and held senior roles at Texas Instruments. Under his leadership, Wolfspeed focuses on important performance goals, including environmental and diversity initiatives, as well as key business metrics like revenue growth and MOSFET yield improvements. His compensation plan reflects his commitment to performance, with bonuses tied to achieving ambitious company objectives. An interesting highlight of his career includes a significant performance shares grant worth approximately $4 million, geared towards enhancing Wolfspeed's market position. Outside his executive role, Lowe also contributes to the Silicon Laboratories board and the Rock & Roll Hall of Fame, showcasing his diverse interests. With a strategic vision and engineering expertise, Lowe aims for sustainable growth and significant technological advancements at Wolfspeed.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Wolfspeed CEOs

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Gregg A. Lowe

Ex-CEO of Wolfspeed

Field of Expertise

Technology & Engineering - Semiconductor

Sector of Economy

Technology

CEO of Wolfspeed for

7 years 2 months (Sep 2017 - Nov 2024)

Previous Experience

President and CEO of Freescale Semiconductor, Ltd.

Rivals

Competitors/colleagues of Gregg A. Lowe

Holdings

See how much did Gregg A. Lowe make over time.

As of 2022, Gregg A. Lowe's holdings have seen significant fluctuations, particularly in response to Wolfspeed's stock performance. His total vested stock value was around $16.4 million, mostly manifesting from shares that vested due to his prior performance units. Additionally,...

As of 2022, Gregg A. Lowe's holdings have seen significant fluctuations, particularly in response to Wolfspeed's stock performance. His total vested stock value was around $16.4 million, mostly manifesting from shares that vested due to his prior performance units. Additionally, he received a major performance shares grant in 2020, valued at $4 million, with payouts tied to achieving specific company milestones. At the peak of his wealth in stock holdings, Lowe's assets reflected his strong alignment with Wolfspeed's success, marking an era of growth and strategic development. Currently, his owned stakes are closely linked to the company’s strategic initiatives, illustrating his stake in the future of Wolfspeed.

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Total Stock Sold

$6.49M

TXN

$6.49M

190,000 TXN shares

What if they kept their stock?

If Gregg A. Lowe didn't sell their stock, today they would have:
Extra TXN190,000 shares worth $25.95M.
This is 299.82% and $19.46M more than what they got when they sold the stock.

Charitable Transactions

WOLF

14,773 shares

WOLF

SLAB

1,740 shares

SLAB

Recent Charitable Transactions

WOLF

5,518 shares

WOLF

Feb 1, 2024

Charity

WOLF

5,068 shares

WOLF

Jan 30, 2023

Charity

WOLF

4,187 shares

WOLF

Aug 31, 2022

Charity

SLAB

1,740 shares

SLAB

May 8, 2020

Charity

Insider Trading

See recent insider trades of Gregg A. Lowe.

WOLF

126,479 shares

WOLF

Aug 1, 2024

Received

SLAB

1,475 shares

SLAB

Apr 18, 2024

Received

WOLF

5,518 shares

WOLF

Feb 1, 2024

Charity

WOLF

54,533 shares

WOLF

Sep 18, 2023

Received

WOLF

24,680 shares

WOLF

Aug 14, 2023

Received

WOLF

46,254 shares

WOLF

Aug 1, 2023

Received

WOLF

$250.36K

WOLF at $45.94/share

Apr 28, 2023

Purchase

SLAB

1,172 shares

SLAB

Apr 20, 2023

Received

WOLF

5,068 shares

WOLF

Jan 30, 2023

Charity

WOLF

4,187 shares

WOLF

Aug 31, 2022

Charity

Compensation History

See how much did Gregg A. Lowe make over time.

Gregg A. Lowe's compensation package is designed to motivate high performance and align his interests with those of shareholders. For 2022, he earned a total of $1,194,851, including a base salary of $875,000 and a bonus of $306,250, which is based on achievement against performance metrics. Notably, his bonus target aligns with ambitious financial goals for the company, representing 140% of his base. Over the years, his compensation has varied significantly due to the performance-based nature of his incentives, demonstrating the company’s results-oriented culture. Lowe's approach to compensation emphasizes competitive pay and aligning executive rewards with operational objectives, fostering an environment of accountability and success.

Year

2022

Total Compensation

$1.19M

Salary

$875.00K

Board Justification

The compensation philosophy emphasizes competitive pay to attract and retain executive talent, aligning compensation with performance and shareholder interests.

Bonus

$306.25K

Board Justification

The bonus is based on the achievement of performance objectives and is calculated using a pre-established formula based on the level of performance, with a target annual bonus opportunity of 140% of base salary.

Other

$10.60K

Board Justification

Includes matching contributions to the 401(k) retirement plan and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants are included in the total compensation as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for the bonus include revenue, non-GAAP gross margin, adjusted EBITDA, design-ins, MOSFET yield, and DEI initiatives.

Other Wolfspeed CEOs

Here are other CEOs of Wolfspeed

Franco Plastina

Ex-CEO of Wolfspeed

February 2017 - March 2017

Thomas H. Werner

CEO of Wolfspeed

November 2024 - Present