Microchip Technology CEO Steve Sanghi's 2019 pay jumps 63% to $13M
Microchip Technology reports 2019 executive compensation
By ExecPay News
Published: July 15, 2019
Microchip Technology reported fiscal year 2019 executive compensation information on July 15, 2019.
In 2019, five executives at Microchip Technology received on average a compensation package of $5.1M, a 68% increase compared to previous year.
Average pay of disclosed executives at Microchip Technology
Steve Sanghi, Chief Executive Officer, received $13M in total, which increased by 63% compared to 2018. 89% of Sanghi's compensation, or $11M, was in stock awards. Sanghi also received $22K in bonus, $700K in non-equity incentive plan, $750K in salary, as well as $6.9K in other compensation.
For fiscal year 2019, the median employee pay was $41,125 at Microchip Technology. Therefore, the ratio of Steve Sanghi's pay to the median employee pay was 313 to one.
Ganesh Moorthy, Chief Operating Officer, received a compensation package of $5.8M, which increased by 77% compared to previous year. 90% of the compensation package, or $5.2M, was in stock awards.
Stephen V. Drehobl, Senior VP, MCU8 and Technology Development Division, earned $2.7M in 2019, a 78% increase compared to previous year.
Mitchell R. Little, Senior VP, Worldwide Sales and Applications, received $2.4M in 2019, which increases by 61% compared to 2018.
J. Eric Bjornholt, Chief Financial Officer, earned $1.8M in 2019, a 71% increase compared to previous year.
Microchip Technology's fiscal year ends on March 31.
Related executives
Steve Sanghi
Microchip Technology
Chief Executive Officer
Ganesh Moorthy
Microchip Technology
Chief Operating Officer
Stephen Drehobl
Microchip Technology
Senior VP, MCU8 and MCU16 Business Units
Mitchell Little
Microchip Technology
Senior VP, Worldwide Client Engagement
J Bjornholt
Microchip Technology
Chief Financial Officer
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Source: SEC filing on July 15, 2019.