Total Compensation of Micron’s Top Executives
$28,840,809 for president and CEO Sanjay Mehrotra in FY22, up 14% from FY21, probably down in FY23
This is a Press Release edited by StorageNewsletter.com on July 18, 2023 at 2:02 pmThis is an abstract of a SEC filing (page 49) published by Micron Technology, Inc. regarding salary and total compensation earned for FY2017, 2018, 2019 2020, 2021 and 2022 ended in August by company’s executive officers.
In FY22, financial results were good, with revenue growing 11% Y/Y at $30,758 million, with net income of $8,687 million. Consequently, all salaries and total compensations increase significantly.
But all these figures will decrease for FY23 as sales were down 52% Y/Y and and net loss at $4.4 billion for the 9 months of current fiscal year.
Name and position | FY | Salary | Total compensation | Y/Y growth |
Sanjay Mehrotra, president and CEO | 2017 | $387,692 | $15,373,026 | NA |
2018 | $1,200,000 | $14,241,583 | 19% | |
2019 | $1,288,154 | $16,944,751 | 19% |
|
2020 | $1,369,039 | $19,995,488 | 18% |
|
2021 | $1,350,000 | $25,316,709 |
18% |
|
2022 | $1,409,893 | $28,840,809 |
14% |
|
Mark J. Murphy, EVP and CFO* |
2022 | $266,538 | $13,575,042 | NA |
Mansh Bhatia, EVP global ops | 2018 | $559,289 | $10,455,406 |
NA |
2019 | $660,846 | $5,986,655 |
-43% |
|
2020 | $704,211 | $7,212,359 |
20% |
|
2021 | $695,000 | $8,552,873 |
19% |
|
2022 | $725,607 | $18,517,829 |
117% | |
Michael W. Bokan, EVP WW sales | 2022 | $547,480 | $5,624,594 | NA |
Scott J. DeBoer, EVP technology and products | 2018 | $511,154 | $4,086,215 | NA |
2019 | $554,462 | $4,354,143 | 7% | |
2020 | $601,596 | $5,159,860 | 19% | |
2021 | $595,000 | $6,668,567 |
29% |
|
2022 | $621,203 | $7,592,565 |
14% | |
Summit Sadana, EVP and chief business officer | 2018 | $675,000 | $6,183,298 | NA |
2019 | $709,462 | $6,224,520 | 1% | |
2020 | $755,173 | $7,359,372 | 18% | |
2021 | $745,000 | $8,716,576 |
18% |
|
2022 | $777,809 | $10,101,430 |
16% | |
David A. Zinsner, EVP and CFO* | 2018 | $331,462 | $5,309,764 | NA |
2019 | $632,923 | $4,313,692 | 29% | |
2020 | $670,992 | $5,569,005 | 29% | |
2021 | $662,000 | $6,853,493 | 23% | |
2022 | $257,671 | $7,267,180 | 6% |
Note: Replacing David A. Zinsner, Murphy was appointed as EVP and CFO, effective as of April 18, 2022, and his annual base salary for FY22 was $700,000.