Jennifer Wuamett
Executive Vice President, General Counsel, Corporate Secretary and Chief Sustainability Officer
General Counsel
Executive compensation
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer | $600,082 | $3,983,719 |
| 2024 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. Certain amounts payable to Mr. Sievers were paid in Euros. The exchange rate used for the purpose of the Summary Compensation Table and the supporting tables that follow is the average monthly rates for the full year: (i) 1.0811 for 2024, (ii) 1.0829 for 2023 and (iii) 1.0559 for 2022.2.These amounts represent the aggregate weighted grant date fair value of RSU and PSU awards in the fiscal years shown. The stock award value is calculated in accordance with ASC 718. See Note 2—Significant Accounting Policies ‘Share-based compensation’ and Note 17— Share-based Compensation, both found in Part II, Item 8, “Financial Statements and Supplementary Data” in the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional information. For a description of the grant terms, see the footnotes of the Grants of Plan-Based Awards table below. Assuming maximum achievement of performance metrics in the performance period, using the Company’s closing stock price on the date of grant and 200% of the target shares, the maximum values of the 2024 PSUs at the date of grant are as follows: Mr. Sievers— 22,960,129; Mr. Betz— 4,900,066; Mr. Jensen— 4,200,056; Mr. Micallef— 4,200,056; and Ms. Wuamett— 4,200,056. The realized value of these awards, if any, will not be determined until November 2027 based on the comparative RTSR over the performance period.3.The payout amount for 2024 represents 61.4% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Program’ above. The payout amounts for 2023 and 2022 represent 122.6% and 143.8%, respectively, of the NEO’s target AIP. 4.The amounts shown in this column represent the actuarial change in the present value of accrued benefit for the defined benefit plan of Mr. Sievers, as described in the ‘Pension Benefits’ table below. Based on the actuarial assumptions, primarily the discount rate, used to value Mr. Sievers’ accumulated benefit in 2024, the value of Mr. Sievers’s pension decreased by 224,446 from 2023. NXP does not maintain defined benefit plans except for those in countries where it is standard practice. Mr. Sievers is the only NEO who participates in a defined benefit pension plan in connection with his employment with our German subsidiary.5.The 2024 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sievers—amounts paid by the Company for residential security, international insurance, tax return preparation, a company car, and tax gross-up payments (57,477) associated with the services included in ‘All Other Compensation’–Mr. Betz—amounts paid by the Company for tax return preparation and Company 401(k) contributions (17,250), and a tax gross-up payment for the tax return preparation services–Mr. Jensen—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250)–Mr. Micallef—amounts paid by the Company for home office allowance consistent with our other California employees, tax preparation, and Company 401(k) contributions (17,250) and a tax gross-up payment for the tax return preparation services–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250). | $583,750 | $4,178,192 |
| 2023 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. Certain amounts payable to Mr. Sievers were paid in Euros. The exchange rate used for the purpose of the Summary Compensation Table and the supporting tables that follow is the average monthly rates for the full year: (i) 1.0811 for 2024, (ii) 1.0829 for 2023 and (iii) 1.0559 for 2022.2.These amounts represent the aggregate weighted grant date fair value of RSU and PSU awards in the fiscal years shown. The stock award value is calculated in accordance with ASC 718. See Note 2—Significant Accounting Policies ‘Share-based compensation’ and Note 17— Share-based Compensation, both found in Part II, Item 8, “Financial Statements and Supplementary Data” in the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional information. For a description of the grant terms, see the footnotes of the Grants of Plan-Based Awards table below. Assuming maximum achievement of performance metrics in the performance period, using the Company’s closing stock price on the date of grant and 200% of the target shares, the maximum values of the 2024 PSUs at the date of grant are as follows: Mr. Sievers— 22,960,129; Mr. Betz— 4,900,066; Mr. Jensen— 4,200,056; Mr. Micallef— 4,200,056; and Ms. Wuamett— 4,200,056. The realized value of these awards, if any, will not be determined until November 2027 based on the comparative RTSR over the performance period.3.The payout amount for 2024 represents 61.4% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Program’ above. The payout amounts for 2023 and 2022 represent 122.6% and 143.8%, respectively, of the NEO’s target AIP. 4.The amounts shown in this column represent the actuarial change in the present value of accrued benefit for the defined benefit plan of Mr. Sievers, as described in the ‘Pension Benefits’ table below. Based on the actuarial assumptions, primarily the discount rate, used to value Mr. Sievers’ accumulated benefit in 2024, the value of Mr. Sievers’s pension decreased by 224,446 from 2023. NXP does not maintain defined benefit plans except for those in countries where it is standard practice. Mr. Sievers is the only NEO who participates in a defined benefit pension plan in connection with his employment with our German subsidiary.5.The 2024 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sievers—amounts paid by the Company for residential security, international insurance, tax return preparation, a company car, and tax gross-up payments (57,477) associated with the services included in ‘All Other Compensation’–Mr. Betz—amounts paid by the Company for tax return preparation and Company 401(k) contributions (17,250), and a tax gross-up payment for the tax return preparation services–Mr. Jensen—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250)–Mr. Micallef—amounts paid by the Company for home office allowance consistent with our other California employees, tax preparation, and Company 401(k) contributions (17,250) and a tax gross-up payment for the tax return preparation services–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250). | $563,750 | $4,159,320 |
| 2022 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. Certain amounts payable to Mr. Sievers were paid in Euros. The exchange rate used for the purpose of the Summary Compensation Table and the supporting tables that follow is the average monthly rates for the full year: (i) 1.0811 for 2024, (ii) 1.0829 for 2023 and (iii) 1.0559 for 2022.2.These amounts represent the aggregate weighted grant date fair value of RSU and PSU awards in the fiscal years shown. The stock award value is calculated in accordance with ASC 718. See Note 2—Significant Accounting Policies ‘Share-based compensation’ and Note 17— Share-based Compensation, both found in Part II, Item 8, “Financial Statements and Supplementary Data” in the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2024 for additional information. For a description of the grant terms, see the footnotes of the Grants of Plan-Based Awards table below. Assuming maximum achievement of performance metrics in the performance period, using the Company’s closing stock price on the date of grant and 200% of the target shares, the maximum values of the 2024 PSUs at the date of grant are as follows: Mr. Sievers— 22,960,129; Mr. Betz— 4,900,066; Mr. Jensen— 4,200,056; Mr. Micallef— 4,200,056; and Ms. Wuamett— 4,200,056. The realized value of these awards, if any, will not be determined until November 2027 based on the comparative RTSR over the performance period.3.The payout amount for 2024 represents 61.4% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Program’ above. The payout amounts for 2023 and 2022 represent 122.6% and 143.8%, respectively, of the NEO’s target AIP. 4.The amounts shown in this column represent the actuarial change in the present value of accrued benefit for the defined benefit plan of Mr. Sievers, as described in the ‘Pension Benefits’ table below. Based on the actuarial assumptions, primarily the discount rate, used to value Mr. Sievers’ accumulated benefit in 2024, the value of Mr. Sievers’s pension decreased by 224,446 from 2023. NXP does not maintain defined benefit plans except for those in countries where it is standard practice. Mr. Sievers is the only NEO who participates in a defined benefit pension plan in connection with his employment with our German subsidiary.5.The 2024 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sievers—amounts paid by the Company for residential security, international insurance, tax return preparation, a company car, and tax gross-up payments (57,477) associated with the services included in ‘All Other Compensation’–Mr. Betz—amounts paid by the Company for tax return preparation and Company 401(k) contributions (17,250), and a tax gross-up payment for the tax return preparation services–Mr. Jensen—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250)–Mr. Micallef—amounts paid by the Company for home office allowance consistent with our other California employees, tax preparation, and Company 401(k) contributions (17,250) and a tax gross-up payment for the tax return preparation services–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (17,250). | $532,635 | $3,960,172 |
| 2021 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. Certain amounts payable to Mr. Sievers were paid in Euros. The exchange rate used for the purpose of the Summary Compensation Table and the supporting tables that follow is the average monthly rates for the full year: (i) 1.0829 for 2023, (ii) 1.0559 for 2022 and (iii) 1.1818 for 2021.2.Mr. Micallef joined the Company on May 17, 2021; and therefore his salary and nonequity incentive plan compensation are prorated in 2021.3.These amounts represent the aggregate weighted grant date fair value of RSU and PSU awards in the fiscal years shown. The stock award value is calculated in accordance with ASC 718. See Note 2—Significant Accounting Policies ‘Share-based compensation’ and Note 17— Share-based Compensation, both found in Part II, Item 8, “Financial Statements and Supplementary Data” in the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2023 for additional information. For a description of the grant terms, see the footnotes of the Grants of Plan-Based Awards table below. Assuming maximum achievement of performance metrics in the performance period, using the Company’s closing stock price on the date of grant and 200% of the target shares, the maximum values of the 2023 PSUs at the date of grant are as follows: Mr. Sievers— 21,560,232; Mr. Betz— 4,200,195; Mr. Jensen— 3,850,148; Mr. Micallef— 3,780,287; and Ms. Wuamett— 3,850,148. The realized value of these awards, if any, will not be determined until November 2026 based on the comparative RTSR over the performance period.4.The payout amount for 2023 represents 122.6% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Program’ above. The payout amounts for 2022 and 2021 represent 143.8% and 187.95%, respectively, of the NEO’s target AIP. 5.The amounts shown in this column represent the actuarial change in the present value of accrued benefit for the defined benefit plan of Mr. Sievers, as described in the ‘Pension Benefits’ table below. NXP does not maintain defined benefit plans except for those in countries where it is standard practice. Mr. Sievers is the only NEO who participates in a defined benefit pension plan in connection with his employment with our German subsidiary.6.The 2023 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sievers—amounts paid by the Company for residential security, international insurance, tax return preparation, a company car, and tax gross-up payments (62,853) associated with the services included in ‘All Other Compensation’–Mr. Betz—amounts paid by the Company for tax return preparation and Company 401(k) contributions (16,500), and a tax gross-up payment for the tax return preparation services–Mr. Jensen—amounts paid by the Company for executive physical and Company 401(k) contributions (16,500)–Mr. Micallef—amounts paid by the Company for home office allowance consistent with our other California employees, tax preparation, and Company 401(k) contributions (16,500) and a tax gross-up payment for the tax return preparation services–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (16,500). | $494,654 | $3,850,051 |
| 2020 | NXP Semiconductors N.V. (NXPI) | Executive Vice President, General Counsel and Chief Sustainability Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. Certain amounts payable to Mr. Sievers were paid in euros. The exchange rate used for the purpose of the Summary Compensation Table and the supporting tables that follow is the average monthly rates for the full year: (i) 1.0559 for 2022, (ii) 1.1818 for 2021 and (iii) 1.1412 for 2020.2.For Mr. Sievers and Ms. Wuamett, the 2020 salaries listed reflect a 25% voluntary reduction in their base salary from April 1, 2020 to December 31, 2020. Mr. Micallef joined the Company on May 17, 2021.3.These amounts represent the aggregate weighted grant date fair value of RSU and PSU awards in the fiscal years shown. The stock award value is calculated in accordance with ASC 718. See Note 2—Significant Accounting Policies ‘Share-based compensation’ and Note 17— Share-based compensation, both found in Part II, Item 8, “Financial Statements and Supplementary Data” in the Notes to Consolidated Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2022 for additional information. For a description of the grant terms, see the footnotes of the Grants of Plan-Based Awards table below. Assuming maximum achievement of performance metrics in the performance period, using the Company’s closing stock price on the date of grant and 200% of the target shares, the maximum values of the 2022 PSUs at the date of grant are as follows: Mr. Sievers—20,720,236; Mr. Betz—3,850,005 ; Mr. Jensen—3,360,137; Mr. Micallef—3,080,125; and Ms. Wuamett—3,360,137. The realized value of these awards, if any, will not be determined until October 2025 based on the comparative RTSR over the performance period.4.The payout amount for 2022 represents 143.8% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Program’ above. The payout amount for 2021 represents 187.95% of the NEO’s target AIP. No incentive awards were earned in 2020 under the Annual Incentive Plan due to a failure to meet the minimum performance thresholds determined in the plan.5.The amounts shown in this column represent the actuarial change in the present value of accrued benefit for the defined benefit plan of Mr. Sievers, as described in the ‘Pension Benefits’ table below. Based on the actuarial assumptions, primarily the discount rate, used to value Mr. Sievers’ accumulated benefit in 2022, the value of Mr. Sievers’s pension decreased by 2,448,260 from 2021. NXP does not maintain defined benefit plans except for those in countries where it is standard practice. Mr. Sievers is the only NEO who participates in a defined benefit pension plan in connection with his employment with our German subsidiary.6.The 2022 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sievers—amounts paid by the Company for residential security, international insurance, executive physical, tax return preparation, a company car, and tax gross-up payments (48,106) associated with the services included in ‘All Other Compensation’–Mr. Betz—amounts paid by the Company for tax return preparation and Company 401(k) contributions (15,250), and a tax gross-up payment for the tax return preparation services–Mr. Jensen—amounts paid by the Company for 401(k) contributions (15,250)–Mr. Micallef—amounts paid by the Company for home office allowance, tax preparation, and Company 401(k) contributions (15,250) and a tax gross-up payment for the tax return preparation services–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (15,250). | $382,779 | $2,982,612 |
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