Cadence Design Systems CEO Lip-Bu Tan's 2020 pay falls 50% to $9.6M
Cadence Design Systems reports 2020 executive compensation
By ExecPay News
Published: March 26, 2021
Cadence Design Systems reported fiscal year 2020 executive compensation information on March 26, 2021.
In 2020, five executives at Cadence Design Systems received on average a compensation package of $5.3M, a 37% decrease compared to previous year.
Average pay of disclosed executives at Cadence Design Systems
Lip-Bu Tan, Chief Executive Officer, received $9.6M in total, which decreased by 50% compared to 2019. 39% of Tan's compensation, or $3.8M, was in stock awards. Tan also received $1.4M in non-equity incentive plan, $3.7M in option awards, $739K in salary, as well as $14K in other compensation.
For fiscal year 2020, the median employee pay was $108,682 at Cadence Design Systems. Therefore, the ratio of Lip-Bu Tan's pay to the median employee pay was 88 to one.
Anirudh Devgan, President, received a compensation package of $5.5M, which decreased by 40% compared to previous year. 48% of the compensation package, or $2.6M, was in stock awards.
Alinka Flaminia, Chief Legal Officer, earned $4.9M in 2020.
John M. Wall, Chief Financial Officer, received $3.3M in 2020, which decreases by 25% compared to 2019.
Chin-Chi Teng, Senior Vice President, Research and Development, earned $3.2M in 2020.
Cadence Design Systems' fiscal year ends on January 2.
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Source: SEC filing on March 26, 2021.