Cadence Design Systems CEO Lip-Bu Tan's 2018 pay slips 5% to $7.6M
Cadence Design Systems reports 2018 executive compensation
By ExecPay News
Published: March 22, 2019
Cadence Design Systems reported fiscal year 2018 executive compensation information on March 22, 2019.
In 2018, five executives at Cadence Design Systems received on average a compensation package of $3.8M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Cadence Design Systems
Lip-Bu Tan, Chief Executive Officer, received $7.6M in total, which decreased by 5% compared to 2017. 36% of Tan's compensation, or $2.8M, was in stock awards. Tan also received $1.3M in non-equity incentive plan, $2.7M in option awards, $725K in salary, as well as $14K in other compensation.
For fiscal year 2018, the median employee pay was $112,583 at Cadence Design Systems. Therefore, the ratio of Lip-Bu Tan's pay to the median employee pay was 67 to one.
Anirudh Devgan, President, received a compensation package of $4.4M, which decreased by 13% compared to previous year. 45% of the compensation package, or $2M, was in stock awards.
Neil Zaman, Senior Vice President, Worldwide Field Operations, earned $2.7M in 2018, a 9% increase compared to previous year.
Surendra Babu Mandava, Senior Vice President, Research and Development, received $2.5M in 2018, which decreases by 59% compared to 2017.
John M. Wall, Chief Financial Officer, earned $2.1M in 2018, a 39% decrease compared to previous year.
Cadence Design Systems' fiscal year ends on January 2.
Related executives
Lip-Bu Tan
Cadence Design Systems
Chief Executive Officer
John Wall
Cadence Design Systems
Chief Financial Officer
Anirudh Devgan
Cadence Design Systems
President
Surendra Mandava
Cadence Design Systems
Senior Vice President, Research and Development
Neil Zaman
Cadence Design Systems
Senior Vice President, Worldwide Field Operations
You may also like
Source: SEC filing on March 22, 2019.