Fresh Intel CEO Lip-Bu Tan will obtain overall reimbursement of $1 million in wage and about $66 million in reserve choices and grants vesting over the approaching years, in keeping with filing on Friday with the SEC.
Tan used to be named because the of Intel this hour, spurring hopes that the chip trade veteran can flip across the suffering corporate. Intel stocks are up just about 20% thus far in 2025, and maximum of the ones good points got here this hour, following Tan’s appointment. He begins then hour.
Tan will obtain $1 million in wage, and he’s eligible for an annual bonus use $2 million.
He’s going to additionally obtain reserve gadgets in a long-term fairness provide valued at $14.4 million, in addition to a efficiency provide of $17 million in Intel stocks. Each grants will vest over a duration of 5 years, even supposing Tan gained’t earn any of the ones stocks if Intel’s reserve value drops over the then 3 years. He can earn extra reserve if the corporate’s percentage value outperforms the marketplace.
Tan will obtain a package deal of reserve choices use $9.6 million, in addition to a unused rent possibility provide use $25 million.
In overall, Tan’s reimbursement package deal has about $66 million in long-term fairness awards and choices along with wage, bonuses, and felony bills. If Intel is going thru a metamorphosis of keep watch over, Tan may well be eligible for speeded up vesting, in keeping with the submitting.
“Lip-Bu’s compensation reflects his experience and credentials as an accomplished technology leader with deep industry experience and is market competitive,” Intel stated in an emailed remark. “The vast majority of his compensation is equity-based and tied to long-term shareholder value creation.”
One after the other, Tan affirmative to buy $25 million in Intel stocks and store them to bring to be eligible for the grants and bonuses.
