Texas Instruments CEO Richard Templeton's 2021 pay rises 1% to $19M
Texas Instruments reports 2021 executive compensation
By ExecPay News
Published: March 15, 2022
Texas Instruments reported fiscal year 2021 executive compensation information on March 15, 2022.
In 2021, five executives at Texas Instruments received on average a compensation package of $9.4M, a 17% increase compared to previous year.
Average pay of disclosed executives at Texas Instruments
Richard K. Templeton, Chief Executive Officer, received $19M in total, which increased by 1% compared to 2020. 34% of Templeton's compensation, or $6.5M, was in stock awards. Templeton also received $4.1M in bonus, $275K in non-equity incentive plan, $6.5M in option awards, $1.4M in salary, as well as $418K in other compensation.
For fiscal year 2021, the median employee pay was $69,407 at Texas Instruments. Therefore, the ratio of Richard K. Templeton's pay to the median employee pay was 277 to one.
Haviv Ilan, Chief Operating Officer, received a compensation package of $10M, which increased by 39% compared to previous year. 35% of the compensation package, or $3.5M, was in option awards.
Hagop H. Kozanian, Senior Vice President, earned $6.2M in 2021, a 25% increase compared to previous year.
Kyle M. Flessner, Senior Vice President, received $6M in 2021, which increases by 5% compared to 2020.
Rafael R. Lizardi, Chief Financial Officer, earned $5.4M in 2021, a 3% increase compared to previous year.
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Source: SEC filing on March 15, 2022.