Victor Viegas is the CEO of Immersion Corporation, where he has been steering the company since his first appointment in 2002. He has a solid background in finance, holding a B.S. in Accounting and an M.B.A. from Santa Clara University....

Victor Viegas is the CEO of Immersion Corporation, where he has been steering the company since his first appointment in 2002. He has a solid background in finance, holding a B.S. in Accounting and an M.B.A. from Santa Clara University. Over the years, Viegas has seen significant changes in the company, transforming it into a key player in haptic technology. His leadership style is data-driven, heavily focusing on corporate performance metrics. For instance, he was awarded a total compensation package that peaked at around $4.13 million in 2013, due to his efforts in hitting corporate goals. Interestingly, his stock holdings saw significant fluctuations, reflecting his close ties to the company’s performance; at one point, he had over $2.5 million vested in shares. He has also been personally involved in acquiring contracts and boosting revenues, essential for the company's growth. Viegas is an example of an executive who thrives on aligning incentives with performance, which is crucial in a competitive tech landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Immersion Corporation CEOs

I

Victor Viegas

Ex-CEO of Immersion Corporation

Education

B.S. in Accounting and M.B.A. from Santa Clara University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

January 1, 1957 - 68 years ago

CEO of Immersion Corporation for

9 years 6 months (May 2008 - Nov 2017)

Previous Experience

Various roles at Immersion including CFO and interim CEO, and extensive experience in finance and management.

Rivals

Competitors/colleagues of Victor Viegas

Holdings

See how much did Victor Viegas make over time.

Victor Viegas's stock holdings have fluctuated significantly throughout his tenure. His highest stock value peaked in early 2021, when he held around $2.5 million worth of shares. This amount represented a substantial portion of his overall compensation, reflecting how closely...

Victor Viegas's stock holdings have fluctuated significantly throughout his tenure. His highest stock value peaked in early 2021, when he held around $2.5 million worth of shares. This amount represented a substantial portion of his overall compensation, reflecting how closely tied his wealth is to the company's performance. From 2019 to 2021, he consistently engaged in insider trading with monthly transactions often exceeding $600,000. However, as of late 2023, his holdings show a more moderate value of around $1 million, indicating that his reliance on stock for wealth generation has shifted slightly in recent years. This fluctuation illustrates the financial dynamics involved for executives in a tech company that relies on stock performance alongside traditional compensation.

Mar 18, 2025

I

shares

IMMR @ $7.58

Total Stock Sold

$5.67M

IMMR

$5.67M

490,000 IMMR shares

What if they kept their stock?

If Victor Viegas didn't sell their stock, today they would have:
Extra IMMR490,000 shares worth $3.36M.
This is -40.68% and $2.31M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Victor Viegas.

IMMR

$2.26M

IMMR at $15.26/share

May 29, 2013

Sale

IMMR

$781.13K

IMMR at $15.08/share

May 24, 2013

Sale

IMMR

90,000 shares

IMMR

Mar 5, 2012

Received

IMMR

$1.78M

IMMR at $10.17/share

Jul 21, 2011

Sale

IMMR

$112.43K

IMMR at $7.40/share

Apr 6, 2011

Sale

IMMR

$246.87K

IMMR at $7.31/share

Apr 4, 2011

Sale

IMMR

$508.76K

IMMR at $7.71/share

Apr 1, 2011

Sale

IMMR

27,867 shares

IMMR

Mar 14, 2011

Received

Compensation History

See how much did Victor Viegas make over time.

Victor Viegas's compensation has varied throughout his time at Immersion Corporation. In 2017, he earned a total package of about $1.17 million, which included a base salary of $415,000 and a bonus of $456,500. His compensation is structured to align with the company’s performance, often rewarding him for meeting corporate financial objectives. Notably, his pay reached as high as $4.13 million in 2013, a peak tied to effective management and corporate success. Viegas has a solid history of compensations designed to above-average industry standards, indicating not just his value to the company but also a strategic aim to keep him motivated. Overall, his compensation is comprehensive, showing how successful he is at navigating both the company’s and his career’s ups and downs.

Year

2017

Total Compensation

$1.60M

Salary

$415.00K

Board Justification

The compensation philosophy is to align executive compensation with annual performance and to enable the company to attract, retain, and reward individuals who contribute to the company's success.

Bonus

$456.50K

Board Justification

The target award percentage for Mr. Viegas remained the same as 2016 at 110%, which represented target total cash compensation of above the 75th percentile of executives holding comparable positions at the companies in the peer group.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Viegas in 2017.

Restricted Stock

$732.00K(84.58K common stock)

Board Justification

The stock options granted to Mr. Viegas had a performance condition that required the closing price of a share of common stock to equal or exceed $11.25 for 30 consecutive trading days, and at the time of his departure, he had vested in 84,581 shares of common stock.

Performance Metrics

The performance metrics for determining the compensation included corporate financial objectives and individual management objectives.

Other Immersion Corporation CEOs

Here are other CEOs of Immersion Corporation

Clent Richardson

Ex-CEO of Immersion Corporation

April 2008 - July 2009

Carl Schlachte

Ex-CEO of Immersion Corporation

November 2017 - August 2018