Microchip Technology CEO Steve Sanghi's 2020 pay falls 46% to $6.9M
Microchip Technology reports 2020 executive compensation
By ExecPay News
Published: July 14, 2020
Microchip Technology reported fiscal year 2020 executive compensation information on July 14, 2020.
In 2020, five executives at Microchip Technology received on average a compensation package of $2.8M, a 46% decrease compared to previous year.
Average pay of disclosed executives at Microchip Technology
Steve Sanghi, Chief Executive Officer, received $6.9M in total, which decreased by 46% compared to 2019. 75% of Sanghi's compensation, or $5.1M, was in stock awards. Sanghi also received $22K in bonus, $907K in non-equity incentive plan, $811K in salary, as well as $8.6K in other compensation.
For fiscal year 2020, the median employee pay was $43,782 at Microchip Technology. Therefore, the ratio of Steve Sanghi's pay to the median employee pay was 157 to one.
Ganesh Moorthy, Chief Operating Officer, received a compensation package of $3M, which decreased by 48% compared to previous year. 77% of the compensation package, or $2.3M, was in stock awards.
Stephen V. Drehobl, Senior VP, MCU8 and MCU16 Business Units, earned $1.5M in 2020, a 45% decrease compared to previous year.
Mitchell R. Little, Senior VP, Worldwide Client Engagement, received $1.3M in 2020, which decreases by 45% compared to 2019.
J. Eric Bjornholt, Chief Financial Officer, earned $1.2M in 2020, a 33% decrease 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 14, 2020.