Mark E. Jagiela served as CEO of Teradyne, Inc. from January 31, 2014, until February 1, 2023. He has a solid background in engineering, holding a Bachelor's degree in Electrical Engineering from the University of Massachusetts Amherst. Before becoming CEO,...

Mark E. Jagiela served as CEO of Teradyne, Inc. from January 31, 2014, until February 1, 2023. He has a solid background in engineering, holding a Bachelor's degree in Electrical Engineering from the University of Massachusetts Amherst. Before becoming CEO, he led Teradyne's Semiconductor Test Division and was with the company for over two decades. During his time as CEO, Jagiela oversaw significant growth, with total revenues surpassing $1.6 billion in 2015 alone, even amid challenging market conditions. Interestingly, his compensation fluctuated based on performance metrics, peaking at about $10.6 million in 2022 but was notably lower in 2023 due to his retirement. He's seen notable ups and downs in his stock holdings, peaking at over $41 million in 2020. Jagiela's retirement agreement allows for continued vesting of his stock until 2026, demonstrating his long-term investment in the company. Beyond numbers, Jagiela is recognized for his emphasis on aligning executive pay with the company's performance, showcasing a practical approach to leadership that resonates in today's competitive business world.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Teradyne, Inc. CEOs

T

Mark E. Jagiela

Ex-CEO of Teradyne, Inc.

Education

Bachelor's degree in Electrical Engineering from the University of Massachusetts Amherst

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Technology

Born

July 30, 1963 - 61 years ago

CEO of Teradyne, Inc. for

9 years 0 months (Jan 2014 - Feb 2023)

Previous Experience

President of Teradyne's Semiconductor Test Division

Rivals

Competitors/colleagues of Mark E. Jagiela

E

Bertrand Loy

CEO of Entegris

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$124.12K

Total Holdings

$28.18M

N

Kurt Sievers

CEO of NXP Semiconductors

2023 Compensation

Stock

$7.50M

Salary

$1.50M

Bonus

$2.50M

Other

$500.00K

Total Holdings

$47.01M

A

Gary E. Dickerson

CEO of Applied Materials

2023 Compensation

Stock

$40.73M

Salary

$1.03M

Bonus

$1.63M

Other

$241.98K

Total Holdings

$259.00M

M

Steve Sanghi

CEO of Microchip Technology

2021 Compensation

Stock

$3.74M

Salary

$484.88K

Bonus

$38.13K

Other

$18.27K

Total Holdings

$548.04M

A

Russell J. Low

CEO of Axcelis Technologies

2023 Compensation

Stock

$0.00

Salary

$530.10K

Bonus

$519.07K

Other

$9.90K

Total Holdings

$4.66M

A

Vincent T. Roche

CEO of Analog Devices

2023 Compensation

Stock

$19.40M

Salary

$1.13M

Bonus

$0.00

Other

$345.19K

Total Holdings

$29.96M

Holdings

See how much did Mark E. Jagiela make over time.

Mark E. Jagiela's stock holdings in Teradyne, Inc. reflect significant fluctuations over the years. At one point in early 2020, his holdings reached a peak value of about $41.89 million, demonstrating the strong performance and market confidence in Teradyne's operations....

Mark E. Jagiela's stock holdings in Teradyne, Inc. reflect significant fluctuations over the years. At one point in early 2020, his holdings reached a peak value of about $41.89 million, demonstrating the strong performance and market confidence in Teradyne's operations. However, this value has decreased in subsequent years, reflecting market conditions and the timing of his retirement. As of September 2023, his holdings are noted at around $20.63 million, illustrating a continued investment interest even after his official retirement. Interestingly, Jagiela's retirement agreement allows for the vesting of unvested stocks until January 2026, meaning his financial connection to the company extends beyond his active leadership role. Such substantial equity ties show a commitment to aligning his interests with those of shareholders, a common theme in his career.

Total Stock Sold

$84.18M

TER

$84.18M

1,437,548 TER shares

What if they kept their stock?

If Mark E. Jagiela didn't sell their stock, today they would have:
Extra TER1,437,548 shares worth $101.79M.
This is 20.92% and $17.61M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Mark E. Jagiela.

TER

105,588 shares

TER

Jan 23, 2023

Received

TER

$5.96M

TER at $88.07/share

Dec 19, 2022

Sale

TER

$3.78M

TER at $99.79/share

Jul 29, 2022

Sale

TER

21,674 shares

TER

Jan 28, 2022

Received

TER

136,056 shares

TER

Jan 25, 2022

Received

TER

$4.03M

TER at $134.81/share

Oct 28, 2021

Sale

TER

$3.51M

TER at $127.57/share

Jun 4, 2021

Sale

TER

$3.51M

TER at $127.57/share

Jun 4, 2021

Sale

TER

$10.36M

TER at $114.37/share

Mar 18, 2021

Sale

TER

$7.16M

TER at $123.55/share

Feb 4, 2021

Sale

Compensation History

See how much did Mark E. Jagiela make over time.

Mark E. Jagiela's total compensation as CEO of Teradyne, Inc. varied significantly during his tenure. In 2022, his earnings peaked at approximately $10.6 million, primarily due to a combination of salary, bonuses, and the value of his vested stock units. His salary was relatively stable, around $1 million, but bonuses were often tied to performance metrics, which varied year to year based on company results. Notably, in 2023, his compensation notably dropped to $6.26 million due to his retirement on February 1, 2023, with no additional stock grants occurring as he stepped down. Jagiela's approach to compensation reflected a broader philosophy at Teradyne—a focus on linking executive pay to company performance and ensuring that compensation packages motivate long-term success.

Year

2023

Total Compensation

$14.37M

Salary

$85.54K

Board Justification

The compensation philosophy emphasizes alignment with company performance and shareholder interests, with a focus on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 due to retirement.

Other

$308.11K

Board Justification

This amount represents the change in pension value under the Retirement Plan and SERP.

Restricted Stock

$13.97M(135.87K RSU)

Board Justification

135,867 shares of stock vested in 2023 as part of the retirement agreement, which allows continued vesting of unvested time-based restricted stock units until January 31, 2026.

Performance Metrics

Performance metrics for 2023 included company-wide PBIT and revenue growth, which were not met due to market conditions.

Other Teradyne, Inc. CEOs

Here are other CEOs of Teradyne, Inc.

Gregory S. Smith

CEO of Teradyne, Inc.

February 2023 - Present