Intel appointed Lip-Bo Tan as CEO.
Courtesy: Intel
New Intel CEO Lip-Bow Tan will get a total compensation of $ 1 million in the coming years and a compensation of about $ 66 million in stock options in the coming years.
Tan was nominated as the head of Intel this week, hoping that chips may revolve around the struggling company. Intel’s shares are about 20% above in 2025 so far, and most of them came to the benefit this week after the appointment of Tan. He begins next week.
Tan will receive $ 1 million in salary, and is eligible for an annual bonus of $ 2 million.
He will also receive stock units in a long -term equity grant of $ 14.4 million, as well as a $ 17 million performance grant in Intel shares. Both grants will be vested over a period of five years, although the tan will not earn any of those shares if the stock price of Intel falls in the next three years. If the company’s share price performs better than the market, it can earn more stock.
Tan will get a package of stock options of $ 9.6 million, as well as a new fare option of $ 25 million.
Overall, Tan’s compensation package has alternatives to prolonged Equity Awards for a long time and in addition to salary, bonus and legal expenses. If the Intel passes through the change of control, according to the filing, the tan may be eligible for quick wasting.
Intel said in an email comment, “Lip-bo’s compensation reflects his experience and credibility as a skillful technology leader with an intensive industry experience and the market is competitive.” “Most of their compensation is equity-based and long-term shareholder is bound by value construction.”
Separately, Tan agreed to buying $ 25 million in Intel shares and catch them to be eligible for grants and bonuses.
Watch: Cramer on New Intel CEO
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