Marvell Technology Group CEO Matthew Murphy's 2020 pay jumps 188% to $21M
Marvell Technology Group reports 2020 executive compensation
By ExecPay News
Published: May 28, 2020
Marvell Technology Group reported fiscal year 2020 executive compensation information on May 28, 2020.
In 2020, five executives at Marvell Technology Group received on average a compensation package of $9M, a 148% increase compared to previous year.
Average pay of disclosed executives at Marvell Technology Group
Matthew J. Murphy, Chief Executive Officer, received $21M in total, which increased by 188% compared to 2019. 92% of Murphy's compensation, or $19M, was in stock awards. Murphy also received $628K in non-equity incentive plan, $977K in salary, as well as $4.8K in other compensation.
For fiscal year 2020, the median employee pay was $152,014 at Marvell Technology Group. Therefore, the ratio of Matthew J. Murphy's pay to the median employee pay was 136 to one.
Raghib Hussain, EVP, Networking and Processors Group and Chief Strategy Officer, received a compensation package of $11M, which increased by 182% compared to previous year. 92% of the compensation package, or $10M, was in stock awards.
Jean Hu, Chief Financial Officer, earned $5.7M in 2020, a 103% increase compared to previous year.
Mitchell Gaynor, Secretary, received $4M in 2020, which increases by 103% compared to 2019.
Dan Christman, EVP, Storage Business Group, earned $3.9M in 2020.
Marvell Technology Group's fiscal year ends on February 1.
Related executives
Matthew Murphy
Marvell Technology Group
Chief Executive Officer
Jean Hu
Marvell Technology Group
Chief Financial Officer
Dan Christman
Marvell Technology Group
EVP, Storage Business Group
Mitchell Gaynor
Marvell Technology Group
Secretary
Raghib Hussain
Marvell Technology Group
EVP, Networking and Processors Group and Chief Strategy Officer
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Source: SEC filing on May 28, 2020.