Lip-Bu Tan
2020
In 2020, Lip-Bu Tan earned a total compensation of $9.6M as Chief Executive Officer at Cadence Design Systems, a 50% decrease compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $1,353,419 |
|---|---|
| Option Awards | $3,748,545 |
| Salary | $738,942 |
| Stock Awards | $3,750,000 |
| Other | $13,734 |
| Total | $9,604,640 |
Tan received $3.8M in stock awards, accounting for 39% of the total pay in 2020.
Tan also received $1.4M in non-equity incentive plan, $3.7M in option awards, $738.9K in salary and $13.7K in other compensation.
Rankings
In 2020, Lip-Bu Tan's compensation ranked 874th out of 13,090 executives tracked by ExecPay. In other words, Tan earned more than 93.3% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 874 out of 13,090 | 93rd |
Division Services | 240 out of 2,338 | 90th |
Major group Business Services | 180 out of 1,537 | 88th |
Industry group Computer Programming, Data Processing, And Other Computer Related Services | 133 out of 1,058 | 87th |
Industry Prepackaged Software | 79 out of 579 | 86th |
Pay ratio
| Lip-Bu Tan's Pay | $9,604,640 |
|---|---|
| Median Employee's Pay | $108,682 |
| Pay Ratio | 88to 1 |
In 2020, the annual total compensation of Lip-Bu Tan was $9,604,640.
The annual total compensation of the median employee at Cadence Design Systems was $108,682.
The ratio of Lip-Bu Tan's pay to the pay of median employee was therefore 88 to one.
Source: SEC filing on March 26, 2021.
Tan's colleagues
We found four more compensation records of executives who worked with Lip-Bu Tan at Cadence Design Systems in 2020.