Lam Research CEO Timothy Archer's 2019 pay jumps 95% to $14M
Lam Research reports 2019 executive compensation
By ExecPay News
Published: September 25, 2019
Lam Research reported fiscal year 2019 executive compensation information on September 25, 2019.
In 2019, seven executives at Lam Research received on average a compensation package of $5.3M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Lam Research
Timothy M. Archer, Chief Executive Officer, received $14M in total, which increased by 95% compared to 2018. 57% of Archer's compensation, or $7.8M, was in stock awards. Archer also received $1.2M in non-equity incentive plan, $3.9M in option awards, $810K in salary, as well as $13K in other compensation.
For fiscal year 2019, the median employee pay was $95,689 at Lam Research. Therefore, the ratio of Timothy M. Archer's pay to the median employee pay was 144 to one.
Douglas R. Bettinger, Chief Financial Officer, received a compensation package of $12M, which increased by 221% compared to previous year. 84% of the compensation package, or $9.9M, was in stock awards.
Richard A. Gottscho, Chief Technology Officer, earned $3.5M in 2019, a 13% decrease compared to previous year.
Patrick J. Lord, Senior Vice President and General Manager, CSGB, received $2.8M in 2019.
Vahid Vahedi, Senior Vice President and General Manager, Etch Business Unit, earned $2.5M in 2019.
Seshasayee Sesha Varadarajan, Senior Vice President and General Manager, Deposition Business Unit, received $2.5M in 2019.
Martin B. Anstice, Chief Executive Officer, earned $465K in 2019, a 96% decrease compared to previous year.
Lam Research's fiscal year ends on June 26.
Related executives
Timothy Archer
Lam Research
Chief Executive Officer
Douglas Bettinger
Lam Research
Chief Financial Officer
Richard Gottscho
Lam Research
Chief Technology Officer
Patrick Lord
Lam Research
Executive Vice President, Customer Support Business Group and Global Operations
Vahid Vahedi
Lam Research
Senior Vice President and General Manager, Etch Business Unit
Seshasayee Varadarajan
Lam Research
Senior Vice President and General Manager, Deposition Business Unit
Martin Anstice
Lam Research
Chief Executive Officer
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Source: SEC filing on September 25, 2019.