In 2020, Richard Clemmer earned $17.68M in total compensation at NXP Semiconductors, including $1.28M salary and $15.42M in stock. Currently holds stock worth $199.10M. Led NXP Semiconductors as CEO for 11 years.
Compensation History
Annual executive compensation data for Richard Clemmer, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$17.68M
Salary
$1.28M
Bonus
$0.00
Other
$981.20K
Salary
$1.28MBoard Justification
NXP's compensation philosophy is to align executive compensation with company performance, shareholder interests, and market practices. The company aims to provide competitive compensation to attract and retain top talent while ensuring that a significant portion of executive pay is performance-based.
Bonus
$0.00Board Justification
Mr. Clemmer was eligible for a cash bonus of 150% of his salary under the Company’s annual incentive plan for the period January 1, 2020 until May 28, 2020. However, the performance targets for the first half were not achieved resulting in a 0% payout and forfeiture of the $833,812 target opportunity.
Other Compensation
$981.20KBoard Justification
Includes amounts paid by the company for tax return preparation, executive physical, global transfer policy payments, retirement allowance, and tax gross-up payments.
Restricted Stock
Board Justification
The stock awards vested during 2020 as part of the regular vesting schedule of previously granted RSUs.
Performance Metrics
The performance metrics for determining CEO compensation in 2020 included revenue growth compared to market, non-GAAP gross margin expansion, and overall company performance against set financial targets.
Richard Clemmer
Ex-CEO of NXP Semiconductors
Education
Bachelor's degree in Electrical Engineering from the University of Illinois at Urbana-Champaign
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Technology
Born
January 1, 1960 - 65 years ago
CEO of NXP Semiconductors for
11 years 0 months (May 2009 - May 2020)
Previous Experience
CEO of NXP Semiconductors N.V.
Other NXP Semiconductors CEOs
Holdings
Track Richard Clemmer's stock holdings and portfolio value over time.
Insider Trading
Richard Clemmer's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Richard Clemmer with competitor CEOs and industry peers.
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