NXPI · NXP Semiconductors N.V.
$234.71
+2.80 (+1.21%)
At close · Aug 14
Market Cap
$58.93B
Shares
252.47M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Rafael Sotomayor | Executive Director, President and Chief Executive Officer | $14,736,019 |
| William J. Betz | Executive Vice President, Chief Financial Officer | $4,867,572 |
| Andrew Micallef | Executive Vice President and Chief Operations and Manufacturing Officer | $4,292,457 |
| Christopher Jensen | Executive Vice President and Chief People Officer | $4,242,435 |
| Jennifer Wuamett | Executive Vice President, General Counsel and Chief Sustainability Officer | $3,983,719 |
| Kurt Sievers | Former Executive Director, President and Chief Executive Officer 1.All amounts presented in the Summary Compensation Table, and in the supporting tables that follow, are expressed in U.S. dollars. A portion of Mr. Sotomayor's annual base salary equivalent to 600,000 is denominated in U.S. dollars and paid to him in Euros through NXP Semiconductors Netherlands B.V. Certain amounts payable to Mr. Sievers were paid in Euros. The Euro to U.S. dollar 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) 1.1242 for 2025,: (ii) 1.0811 for 2024, (iii) 1.0829 for 2023.2.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 18— 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, 2025 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 2025 PSUs at the date of grant are as follows: Mr. Sotomayor— 17,500,498; Mr. Betz— 5,180,039; Mr. Jensen— 4,620,380; Mr. Micallef— 4,620,380; and Ms. Wuamett— 4,200,423. The realized value of these awards, if any, will be determined at the end of the applicable performance periods based on the Company’s comparative RTSR. For Mr. Sotomayor, the amounts include two PSU grants, one with a performance period concluding in November 2027 and another concluding in November 2028. For all other executives, the PSU awards included in these amounts have performance periods concluding in November 2028.3.The payout amount for 2025 represents 30.8% of the NEO’s target AIP as discussed in the section ‘Annual Incentive Plan’ above. The payout amounts for 2024 and 2023 represent 61.4% and 122.6%, 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. 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 2025 amounts shown in the All Other Compensation column include the incremental cost to the Company of the following: –Mr. Sotomayor—amounts paid by the Company for tax return preparation and a tax gross-up payment for the tax return, Company 401(k) contributions (17,500), and a home office allowance consistent with our other California-based employees.–Mr. Betz—amounts paid by the Company for executive physical, tax return preparation and a tax gross-up payment for the tax return preparation services, and Company 401(k) contributions (17,500).–Mr. Jensen—amounts paid by the Company for executive physical and Company 401(k) contributions (17,500).–Mr. Micallef—amounts paid by the Company for executive physical, tax return preparation and a tax gross-up payment for the tax return preparation services, Company 401(k) contributions (17,500), and home office allowance consistent with our other California-based employees.–Ms. Wuamett—amounts paid by the Company for executive physical and Company 401(k) contributions (17,500).–Mr. Sievers—amounts paid by the Company for residential security, international insurance, tax return preparation, a company car and mobility budget, retirement gifts (46,117), premium health check, and tax gross-up payments (161,171) associated with certain services included in ‘All Other Compensation’. | $3,376,163 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | Executive Director, President and Chief Executive Officer | $20,694,772 |
| William J. Betz | Executive Vice President, Chief Financial Officer | $4,882,469 |
| Jennifer Wuamett | 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). | $4,178,192 |
| Andrew Micallef | Executive Vice President and Chief Operations and Manufacturing Officer | $4,148,676 |
| Christopher Jensen | Executive Vice President and Chief People Officer | $4,094,698 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | Executive Director, President and Chief Executive Officer | $21,123,742 |
| William J. Betz | Executive Vice President, Chief Financial Officer | $4,613,056 |
| Jennifer Wuamett | 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). | $4,159,320 |
| Andrew Micallef | Executive Vice President and Chief Operations and Manufacturing Officer | $4,058,446 |
| Christopher Jensen | Executive Vice President and Chief People Officer | $4,039,999 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | Executive Director, President and Chief Executive Officer | $20,771,851 |
| William J. Betz | Executive Vice President, Chief Financial Officer | $4,334,292 |
| Jennifer Wuamett | 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). | $3,960,172 |
| Christopher Jensen | Executive Vice President and Chief People Officer | $3,868,281 |
| Andrew Micallef | Executive Vice President and Chief Operations and Manufacturing Officer | $3,715,209 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | Executive Director, President and Chief Executive Officer | $20,911,892 |
| Andrew Micallef | Executive Vice President and Chief Operations and Manufacturing Officer | $3,998,444 |
| Jennifer Wuamett | 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). | $3,850,051 |
| William J. Betz | Executive Vice President, Chief Financial Officer | $3,812,139 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | Executive Director, President and Chief Executive Officer | $19,253,302 |
| Jennifer Wuamett | 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). | $2,982,612 |
| David Reed | Executive Vice President Technology & Operations | $2,792,652 |
| Richard Clemmer | Former Executive Director and Chief Executive Officer | $2,256,509 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Richard Clemmer | Former Executive Director and Chief Executive Officer | $20,558,002 |
| Kurt Sievers | Executive Director, President and Chief Executive Officer Peter Kelly Executive Vice President and Chief Financial Officer | $9,319,518 |
| Peter Kelly | Executive Vice President and Chief Financial Officer | $4,318,994 |
| Stephen Owen | Executive Vice President Global Sales and Marketing | $3,579,472 |
| David Reed | Executive Vice President Technology & Operations | $2,869,041 |
Fiscal 2018
| Executive | Role | Total |
|---|---|---|
| Richard Clemmer | Former Executive Director and Chief Executive Officer | $77,960,763 |
| Kurt Sievers | Executive Director, President and Chief Executive Officer Peter Kelly Executive Vice President and Chief Financial Officer | $26,217,130 |
| Peter Kelly | Executive Vice President and Chief Financial Officer | $13,951,610 |
| Stephen Owen | Executive Vice President Global Sales and Marketing | $9,425,523 |
| David Reed | Executive Vice President Technology & Operations | $8,054,355 |
Fiscal 2017
| Executive | Role | Total |
|---|---|---|
| Kurt Sievers | President | $5,070,701 |
| Peter Kelly | Executive Vice President and Chief Financial Officer | $4,140,863 |
| Stephen Owen | Executive Vice President Global Sales and Marketing | $3,321,953 |
| David Reed | Executive Vice President Technology & Operations | $2,886,385 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Michael Hoffmann | General Counsel | Appointed | 2026-02-09 |
| Rafael Sotomayor | President and CEO and temporary executive director | Appointed | 2025-10-28 |
| Kurt Sievers | CEO and executive director | Retired | 2025-10-28 |
| Rafael Sotomayor | President | Appointed | 2025-04-28 |
| Rafael Sotomayor | CEO and temporary executive director | Appointed | 2025-04-28 |
| Kurt Sievers | CEO and executive director | Retired | 2025-04-28 |
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1413447
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N6596X109
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