Marvell Technology CEO Matthew Murphy's 2021 pay falls 29% to $15M
Marvell Technology reports 2021 executive compensation
By ExecPay News
Published: May 28, 2021
Marvell Technology reported fiscal year 2021 executive compensation information on May 28, 2021.
In 2021, five executives at Marvell Technology received on average a compensation package of $6.2M, a 32% decrease compared to previous year.
Average pay of disclosed executives at Marvell Technology
Matthew J. Murphy, Chief Executive Officer, received $15M in total, which decreased by 29% compared to 2020. 80% of Murphy's compensation, or $12M, was in stock awards. Murphy also received $1.9M in non-equity incentive plan, $935K in salary, as well as $4.8K in other compensation.
For fiscal year 2021, the median employee pay was $147,993 at Marvell Technology. Therefore, the ratio of Matthew J. Murphy's pay to the median employee pay was 99 to one.
Raghib Hussain, President, Products and Technologies, received a compensation package of $6.2M, which decreased by 43% compared to previous year. 78% of the compensation package, or $4.9M, was in stock awards.
Jean Hu, Chief Financial Officer, earned $4.1M in 2021, a 29% decrease compared to previous year.
Mitchell Gaynor, Secretary, received $3.1M in 2021, which decreases by 22% compared to 2020.
Dan Christman, EVP, Storage Business Group, earned $2.9M in 2021, a 26% decrease compared to previous year.
Marvell Technology's fiscal year ends on January 29.
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Source: SEC filing on May 28, 2021.