Lam Research CEO Timothy Archer's 2020 pay slips 14% to $11.8M
Lam Research reports 2020 executive compensation
By ExecPay News
Published: September 23, 2020
Lam Research reported fiscal year 2020 executive compensation information on September 23, 2020.
In 2020, five executives at Lam Research received on average a compensation package of $5.1M, a 4% decrease compared to previous year.
Timothy M. Archer, Chief Executive Officer, received $11.8M in total, which decreased by 14% compared to 2019. 71.05% of Archer's compensation, or $8.4M, was in stock awards. Archer also received $1.5M in non-equity incentive plan, $923.4K in option awards, $1M in salary, as well as $11.1K in other compensation.
For fiscal year 2020, the median employee pay was $104,541 at Lam Research. Therefore, the ratio of Timothy M. Archer's pay to the median employee pay was 112 to one.
Douglas R. Bettinger, Chief Financial Officer, received a compensation package of $4M, which decreased by 66% compared to previous year. 61.08% of the compensation package, or $2.4M, was in stock awards.
Richard A. Gottscho, Chief Technology Officer, earned $3.6M in 2020, a 1% increase compared to previous year.
Patrick J. Lord, Executive Vice President, Customer Support Business Group and Global Operations, received $3.3M in 2020, which increases by 19% compared to 2019.
Seshasayee Sesha Varadarajan, Senior Vice President and General Manager, Deposition Business Unit, earned $3M in 2020, a 18% increase compared to previous year.
Lam Research's fiscal year ends on June 28.
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