Lam Research CEO Timothy Archer's 2022 pay rises 9% to $17M
Lam Research reports 2022 executive compensation
By ExecPay News
Published: September 28, 2022
Lam Research reported fiscal year 2022 executive compensation information on September 28, 2022.
In 2022, five executives at Lam Research received on average a compensation package of $6.7M, a 7% increase compared to previous year.
Average pay of disclosed executives at Lam Research
Timothy M. Archer, Chief Executive Officer, received $17M in total, which increased by 9% compared to 2021. 59% of Archer's compensation, or $10M, was in stock awards. Archer also received $3.1M in non-equity incentive plan, $2.7M in option awards, $1.1M in salary, as well as $12K in other compensation.
For fiscal year 2022, the median employee pay was $119,322 at Lam Research. Therefore, the ratio of Timothy M. Archer's pay to the median employee pay was 142 to one.
Douglas R. Bettinger, Chief Financial Officer, received a compensation package of $5.2M, which increased by 4% compared to previous year. 49% of the compensation package, or $2.5M, was in stock awards.
Patrick J. Lord, Executive Vice President, Customer Support Business Group and Global Operations, earned $4.2M in 2022, a 5% increase compared to previous year.
Vahid Vahedi, Senior Vice President and General Manager, Etch Business Unit, received $3.7M in 2022, which increases by 3% compared to 2021.
Seshasayee Sesha Varadarajan, Senior Vice President and General Manager, Deposition Business Unit, earned $3.7M in 2022, a 3% increase compared to previous year.
Lam Research's fiscal year ends on June 26.
Related executives
Timothy Archer
Lam Research
Chief Executive Officer
Douglas Bettinger
Lam Research
Chief Financial Officer
Patrick Lord
Lam Research
Executive Vice President, Customer Support Business Group and Global Operations
Vahid Vahedi
Lam Research
Senior Vice President and General Manager, Etch Business Unit
Seshasayee Varadarajan
Lam Research
Senior Vice President and General Manager, Deposition Business Unit
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Source: SEC filing on September 28, 2022.