Power Integrations CEO Balu Balakrishnan's 2021 pay rises 15% to $6.6M
Power Integrations reports 2021 executive compensation
By ExecPay News
Published: March 29, 2022
Power Integrations reported fiscal year 2021 executive compensation information on March 29, 2022.
In 2021, five executives at Power Integrations received on average a compensation package of $2.7M, a 26% increase compared to previous year.
Average pay of disclosed executives at Power Integrations
Balu Balakrishnan, Chief Executive Officer, received $6.6M in total, which increased by 15% compared to 2020. 90% of Balakrishnan's compensation, or $5.9M, was in stock awards. Balakrishnan also received $662K in salary and $12K in other compensation.
For fiscal year 2021, the median employee pay was $104,639 at Power Integrations. Therefore, the ratio of Balu Balakrishnan's pay to the median employee pay was 63 to one.
Sandeep Nayyar, Chief Financial Officer, received a compensation package of $2M, which increased by 11% compared to previous year. 79% of the compensation package, or $1.6M, was in stock awards.
Yang Chiah Yee, Vice President, Worldwide Sales, earned $1.9M in 2021.
Radu Barsan, Vice President, Technology, received $1.8M in 2021, which increases by 8% compared to 2020.
Mike Matthews, Vice President, Product Development, earned $1.4M in 2021, a 9% increase compared to previous year.
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Source: SEC filing on March 29, 2022.