XML 22 R2.htm IDEA: XBRL DOCUMENT v3.22.4
Pay vs Performance Disclosure
Unit_pure in Millions
 12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance Table
 
                           
Value of initial fixed $100
Investment (2)
              
Year
  
Reported

Summary

Compensation

Table Total

for PEO
    
Compensation

Actually Paid to

PEO (5)
    
Average

Reported

Summary

Compensation

Table Total for
Non-PEO NEOs (1)
    
Average
Compensation

Actually Paid to

other NEOs (1)(5)
    
Company

Total

Shareholder

Return
    
Peer Group

Shareholder

Return (3)
    
Net Income

(in millions)
    
PF Op Income

(in millions)
(4)
  
2022
   $ 7,130,474     $ 19,432,713     $ 3,160,306     $ 5,746,805     $ 260.04     $ 137.05     $ (14.3 )    $ 256.2  
2021
   $ 5,761,497     $ 13,591,885     $ 1,538,175     $ 1,940,042     $ 213.36     $ 219.49     $ 18.3     $ 210.5  
2020
   $ 5,377,663     $ 6,454,443     $ 2,291,740     $ 2,827,485     $ 126.75     $ 145.23     $ (40.5 )    $ 181.8  
 
(1)
The NEOs for each applicable year are:
 
 
•
 
2022: PEO: Luc Seraphin. Other NEOs: Desmond Lynch, Sean Fan, John Shinn, and Keith Jones. Mr. Jones resigned from his position as Vice President, Finance, and Interim Chief Financial Officer effective as of August 5, 2022
 
 
•
 
2021: PEO: Luc Seraphin. Other NEOs: Sean Fan, John Shinn, Keith Jones, Jae Kim, and Rahul Mathur. Mr. Kim resigned from his position as Senior Vice President, General Counsel and Secretary effective as of February 19, 2021. Mr. Mathur resigned from his position of Senior Vice President, Finance and Chief Financial Officer effective as of November 15, 2021
 
 
•
 
2020: PEO: Luc Seraphin. Other NEOs: Sean Fan, Jae Kim, and Rahul Mathur
 
(2)
Cumulative TSR is measured as of a base period of December 31, 2019
(3)
The peer group used for relative TSR is the RDG Semiconductor Composite Index, comprising 77 constituent companies, which is the same peer group the Company uses for its Item 201(e) of Regulation
S-K
disclosure
(4)
The Company-selected measure is
 
pro-forma
operating income, as described in our CD&A section of the proxy.
 
Pro-forma
 
operating income is a
 
non-GAAP
 
measure that consists of GAAP operating income, adjusted for stock-based compensation expense, amortization expense, certain acquisition related expenses, retention bonuses, restructuring expenses, impairment charges,
 
non-cash
 
interest expense and certain other
 
one-time
 
or extraordinary expenses or credits and, as described in the CD&A section of the proxy, was also adjusted for Customer Licensing Income. Other
 
one-time
 
or extraordinary expense or income items may be excluded from
 
pro-forma
 
operating income as determined by the Compensation and Human Resources Committee
.
 
(5)
The SEC rules require that certain adjustments be made to the Summary Compensation Table totals to determine
CAP, as reported in the Pay versus Performance table above. The following table details the applicable adjustments that were made to determine CA
P (a
djustments for pension or dividend payments are not covered, as Rambus does not have supplemental executive requirement plans and does not pay dividends on equity award
s, and d
ue to rounding, the calculated final value of the numbers shown in the following table may not be the precise values reported above
):

             
Equity Awards
  
Year
  
Executives
  
SCT Total
    
Deduct SCT

Stock & Option
Awards
    
Add Year-End

Value of
Unvested Equity
Granted in Year
    
Add Change in
Value of
Unvested
Awards Granted
in Prior Years
    
Add Change
in Value of
Vested Equity

Granted in
Year
    
Add Change in
Value of Vested
Equity Granted
in Prior Years
  
2022
   PEO   $ 7,130,474     $ 5,857,203     $ 8,872,767     $ 3,476,967     $ 0     $ 5,809,709  
    Other NEOs*   $ 3,160,306     $ 2,492,078     $ 4,235,555     $ 430,855     $ 0     $ 412,167  
2021
   PEO   $ 5,761,497     $ 4,511,773     $ 6,755,857     $ 3,551,346     $ 0     $ 2,034,959  
    Other NEOs*   $ 1,538,175     $ 1,055,024     $ 774,181     $ 324,841     $ 0     $ 357,869  
2020
   PEO   $ 5,377,663     $ 4,050,500     $ 4,009,500     $ 1,041,477     $ 0     $ 76,303  
    Other NEOs*   $ 2,291,740     $ 1,369,477     $ 1,377,093     $ 507,449     $ 0     $ 20,680  
    
Company Selected Measure Name pro-forma operating income    
Named Executive Officers, Footnote [Text Block]
(1)
The NEOs for each applicable year are:
 
 
•
 
2022: PEO: Luc Seraphin. Other NEOs: Desmond Lynch, Sean Fan, John Shinn, and Keith Jones. Mr. Jones resigned from his position as Vice President, Finance, and Interim Chief Financial Officer effective as of August 5, 2022
 
 
•
 
2021: PEO: Luc Seraphin. Other NEOs: Sean Fan, John Shinn, Keith Jones, Jae Kim, and Rahul Mathur. Mr. Kim resigned from his position as Senior Vice President, General Counsel and Secretary effective as of February 19, 2021. Mr. Mathur resigned from his position of Senior Vice President, Finance and Chief Financial Officer effective as of November 15, 2021
 
 
•
 
2020: PEO: Luc Seraphin. Other NEOs: Sean Fan, Jae Kim, and Rahul Mathur
 
    
Peer Group Issuers, Footnote [Text Block] The peer group used for relative TSR is the RDG Semiconductor Composite Index, comprising 77 constituent companies, which is the same peer group the Company uses for its Item 201(e) of Regulation
S-K
disclosure 		   
PEO Total Compensation Amount $ 7,130,474 $ 5,761,497 $ 5,377,663
PEO Actually Paid Compensation Amount $ 19,432,713 13,591,885 6,454,443
Adjustment To PEO Compensation, Footnote [Text Block]
(5)
The SEC rules require that certain adjustments be made to the Summary Compensation Table totals to determine
CAP, as reported in the Pay versus Performance table above. The following table details the applicable adjustments that were made to determine CA
P (a
djustments for pension or dividend payments are not covered, as Rambus does not have supplemental executive requirement plans and does not pay dividends on equity award
s, and d
ue to rounding, the calculated final value of the numbers shown in the following table may not be the precise values reported above
):

             
Equity Awards
  
Year
  
Executives
  
SCT Total
    
Deduct SCT

Stock & Option
Awards
    
Add Year-End

Value of
Unvested Equity
Granted in Year
    
Add Change in
Value of
Unvested
Awards Granted
in Prior Years
    
Add Change
in Value of
Vested Equity

Granted in
Year
    
Add Change in
Value of Vested
Equity Granted
in Prior Years
  
2022
   PEO   $ 7,130,474     $ 5,857,203     $ 8,872,767     $ 3,476,967     $ 0     $ 5,809,709  
    Other NEOs*   $ 3,160,306     $ 2,492,078     $ 4,235,555     $ 430,855     $ 0     $ 412,167  
2021
   PEO   $ 5,761,497     $ 4,511,773     $ 6,755,857     $ 3,551,346     $ 0     $ 2,034,959  
    Other NEOs*   $ 1,538,175     $ 1,055,024     $ 774,181     $ 324,841     $ 0     $ 357,869  
2020
   PEO   $ 5,377,663     $ 4,050,500     $ 4,009,500     $ 1,041,477     $ 0     $ 76,303  
    Other NEOs*   $ 2,291,740     $ 1,369,477     $ 1,377,093     $ 507,449     $ 0     $ 20,680  
    
Non-PEO NEO Average Total Compensation Amount $ 3,160,306 1,538,175 2,291,740
Non-PEO NEO Average Compensation Actually Paid Amount $ 5,746,805 1,940,042 2,827,485
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
(5)
The SEC rules require that certain adjustments be made to the Summary Compensation Table totals to determine
CAP, as reported in the Pay versus Performance table above. The following table details the applicable adjustments that were made to determine CA
P (a
djustments for pension or dividend payments are not covered, as Rambus does not have supplemental executive requirement plans and does not pay dividends on equity award
s, and d
ue to rounding, the calculated final value of the numbers shown in the following table may not be the precise values reported above
):

             
Equity Awards
  
Year
  
Executives
  
SCT Total
    
Deduct SCT

Stock & Option
Awards
    
Add Year-End

Value of
Unvested Equity
Granted in Year
    
Add Change in
Value of
Unvested
Awards Granted
in Prior Years
    
Add Change
in Value of
Vested Equity

Granted in
Year
    
Add Change in
Value of Vested
Equity Granted
in Prior Years
  
2022
   PEO   $ 7,130,474     $ 5,857,203     $ 8,872,767     $ 3,476,967     $ 0     $ 5,809,709  
    Other NEOs*   $ 3,160,306     $ 2,492,078     $ 4,235,555     $ 430,855     $ 0     $ 412,167  
2021
   PEO   $ 5,761,497     $ 4,511,773     $ 6,755,857     $ 3,551,346     $ 0     $ 2,034,959  
    Other NEOs*   $ 1,538,175     $ 1,055,024     $ 774,181     $ 324,841     $ 0     $ 357,869  
2020
   PEO   $ 5,377,663     $ 4,050,500     $ 4,009,500     $ 1,041,477     $ 0     $ 76,303  
    Other NEOs*   $ 2,291,740     $ 1,369,477     $ 1,377,093     $ 507,449     $ 0     $ 20,680  
    
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Compensation Actually Paid vs. Net Income [Text Block]    
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Tabular List [Table Text Block]
Tabular List of Performance Measures
 
 
Pro-forma
Operating Income
 
Relative TSR
 
Product Revenue
    
Total Shareholder Return Amount $ 260.04 213.36 126.75
Peer Group Total Shareholder Return Amount 137.05 219.49 145.23
Net Income (Loss) $ (14,300,000) $ 18,300,000 $ (40,500,000)
Company Selected Measure Amount 256.2 210.5 181.8
PEO Name Luc Seraphin Luc Seraphin Luc Seraphin
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Pro-forma Operating Income    
Non-GAAP Measure Description [Text Block]
(4)
The Company-selected measure is
 
pro-forma
operating income, as described in our CD&A section of the proxy.
 
Pro-forma
 
operating income is a
 
non-GAAP
 
measure that consists of GAAP operating income, adjusted for stock-based compensation expense, amortization expense, certain acquisition related expenses, retention bonuses, restructuring expenses, impairment charges,
 
non-cash
 
interest expense and certain other
 
one-time
 
or extraordinary expenses or credits and, as described in the CD&A section of the proxy, was also adjusted for Customer Licensing Income. Other
 
one-time
 
or extraordinary expense or income items may be excluded from
 
pro-forma
 
operating income as determined by the Compensation and Human Resources Committee
.
 
    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Relative TSR    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Product Revenue    
PEO [Member] | SCT Stock and Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (5,857,203) $ (4,511,773) $ (4,050,500)
PEO [Member] | Add Year End Value of Unvested Equity Granted in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 8,872,767 6,755,857 4,009,500
PEO [Member] | Add Change in Value of Unvested Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,476,967 3,551,346 1,041,477
PEO [Member] | Add Change in Value of Vested Equity Granted in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Add Change in Value of Vested Equity Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 5,809,709 2,034,959 76,303
Non-PEO NEO [Member] | SCT Stock and Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,492,078) (1,055,024) (1,369,477)
Non-PEO NEO [Member] | Add Year End Value of Unvested Equity Granted in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,235,555 774,181 1,377,093
Non-PEO NEO [Member] | Add Change in Value of Unvested Awards Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 430,855 324,841 507,449
Non-PEO NEO [Member] | Add Change in Value of Vested Equity Granted in Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Add Change in Value of Vested Equity Granted in Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 412,167 $ 357,869 $ 20,680