Cadence Design Systems CEO Lip-Bu Tan's 2019 pay jumps 153% to $19M
Cadence Design Systems reports 2019 executive compensation
By ExecPay News
Published: March 20, 2020
Cadence Design Systems reported fiscal year 2019 executive compensation information on March 20, 2020.
In 2019, five executives at Cadence Design Systems received on average a compensation package of $8.4M, a 119% increase compared to previous year.
Average pay of disclosed executives at Cadence Design Systems
Lip-Bu Tan, Chief Executive Officer, received $19M in total, which increased by 153% compared to 2018. 75% of Tan's compensation, or $14M, was in stock awards. Tan also received $1.1M in non-equity incentive plan, $3M in option awards, $725K in salary, as well as $12K in other compensation.
For fiscal year 2019, the median employee pay was $100,773 at Cadence Design Systems. Therefore, the ratio of Lip-Bu Tan's pay to the median employee pay was 190 to one.
Anirudh Devgan, President, received a compensation package of $9.3M, which increased by 114% compared to previous year. 70% of the compensation package, or $6.5M, was in stock awards.
Neil Zaman, Senior Vice President, Worldwide Field Operations, earned $4.6M in 2019, a 73% increase compared to previous year.
John M. Wall, Chief Financial Officer, received $4.4M in 2019, which increases by 115% compared to 2018.
Thomas P. Beckley, Senior Vice President, Research and Development, earned $4.4M in 2019.
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
Thomas Beckley
Cadence Design Systems
Senior Vice President, Research and Development
Neil Zaman
Cadence Design Systems
Senior Vice President, Worldwide Field Operations
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Source: SEC filing on March 20, 2020.