TuSimple Holdings CEO Cheng Lu's 2021 pay jumps 280% to $67M
TuSimple Holdings reports 2021 executive compensation
By ExecPay News
Published: April 29, 2022
TuSimple Holdings reported fiscal year 2021 executive compensation information on April 29, 2022.
In 2021, four executives at TuSimple Holdings received on average a compensation package of $26M, a 376% increase compared to previous year.
Average pay of disclosed executives at TuSimple Holdings
Cheng Lu, Chief Executive Officer, received $67M in total, which increased by 280% compared to 2020. 99% of Lu's compensation, or $66M, was in option awards. Lu also received $305K in non-equity incentive plan, $450K in salary, as well as $15K in other compensation.
Xiaodi Hou, Chief Executive Officer, received a compensation package of $24M, which increased by 5990% compared to previous year. 58% of the compensation package, or $14M, was in stock awards.
James Mullen, Chief Administrative and Legal Officer, earned $9.4M in 2021, a 533% increase compared to previous year.
Patrick Dillon, Chief Financial Officer, received $1.9M in 2021, which decreases by 9% compared to 2020.
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Source: SEC filing on April 29, 2022.