Pay vs Performance Disclosure
May 26, 2020
Dec. 31, 2020
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
| Year | Summary Compen-sation Table Total for Richard Clemmer ($)1 | Compen- sation Actually Paid to Richard Clemmer ($)1,2 | Summary Compen-sation Table Total for Kurt Sievers ($)1 | Compen- sation Actually Paid to Kurt Sievers ($)1,2 | Average Summary Compen- sation Table Total for Non-PEO NEOs ($)1 | Average Compen- sation Actually Paid to Non-PEO NEOs ($)1,2 | Value of initial fixed $100 investment based on:3 | Net Income ($ in millions) | Revenue ($ in millions) | Non-GAAP Gross Margin4 | |||||||||||||||||||||||||
| Company TSR ($) | Philadelphia Sox Index TSR ($) | ||||||||||||||||||||||||||||||||||
| 2024 | n/a | n/a | 20,694,772 | 4,565,906 | 4,326,009 | 1,552,410 | 177.19 | 287.31 | 2,510 | 12,614 | 58.1% | ||||||||||||||||||||||||
| 2023 | n/a | n/a | 21,123,742 | 47,273,053 | 4,217,705 | 8,167,390 | 192.49 | 238.72 | 2,797 | 13,276 | 58.5% | ||||||||||||||||||||||||
| 2022 | n/a | n/a | 20,771,851 | 4,693,294 | 3,969,488 | 2,053,189 | 129.76 | 142.94 | 2,787 | 13,205 | 57.9% | ||||||||||||||||||||||||
| 2021 | n/a | n/a | 20,911,892 | 43,710,558 | 3,649,332 | 8,137,948 | 183.30 | 219.51 | 1,871 | 11,063 | 56.1% | ||||||||||||||||||||||||
| 2020 | 2,256,509 | 15,746,714 | 19,253,302 | 25,421,027 | 3,366,167 | 5,613,773 | 126.56 | 153.66 | 52 | 8,612 | 51.1% | ||||||||||||||||||||||||
| Year | Summary Compen- sation Table Total ($) | Grant Date Fair Value of Equity Awards Granted During Applicable Year from SCT ($) ( — ) | Year-End Fair Value of Equity Awards Granted During Applicable Year ($) ( + ) | Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End ($) ( + ) | Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($) ( + ) | Change in Pension Value for the Applicable Year from SCT ($) ( — ) | Pension Service Costs Attributable to the Applicable Year ($) ( + ) | Compensation Actually Paid ($) | ||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | |||||||||||||||||||||||
| 2024 | Kurt Sievers (PEO) | 20,694,772 | 17,950,484 | 15,829,660 | (9,125,566) | (5,060,216) | — | 177,740 | 4,565,906 | |||||||||||||||||||||||
| 2024 | Average Non-PEO NEO | 4,326,009 | 3,420,580 | 3,016,442 | (1,578,852) | (790,609) | N/A | N/A | 1,552,410 | |||||||||||||||||||||||
For the equity values included in the above tables, the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. Equity values are calculated in accordance with FASB ASC Topic 718. PSU awards outstanding as of December 31 of the reporting year have been valued using a Monte Carlo simulation. RSU awards outstanding as of December 31 of the reporting year have been valued using the value date closing stock price discounted for future dividend payments. The fair values as of the vesting date are calculated using the closing share price on the day prior to the vesting date. No dividends or dividend equivalents are paid or earned on unvested equity awards and no equity awards were granted and vested in the same year.
| Year | Summary Compen- sation Table Total ($) | Grant Date Fair Value of Equity Awards Granted During Applicable Year from SCT ($) ( — ) | Year-End Fair Value of Equity Awards Granted During Applicable Year ($) ( + ) | Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End ($) ( + ) | Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($) ( + ) | Change in Pension Value for the Applicable Year from SCT ($) ( — ) | Pension Service Costs Attributable to the Applicable Year ($) ( + ) | Compensation Actually Paid ($) | ||||||||||||||||||||||||
| (a) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) | (j) | |||||||||||||||||||||||
| 2024 | Kurt Sievers (PEO) | 20,694,772 | 17,950,484 | 15,829,660 | (9,125,566) | (5,060,216) | — | 177,740 | 4,565,906 | |||||||||||||||||||||||
| 2024 | Average Non-PEO NEO | 4,326,009 | 3,420,580 | 3,016,442 | (1,578,852) | (790,609) | N/A | N/A | 1,552,410 | |||||||||||||||||||||||
For the equity values included in the above tables, the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant. Equity values are calculated in accordance with FASB ASC Topic 718. PSU awards outstanding as of December 31 of the reporting year have been valued using a Monte Carlo simulation. RSU awards outstanding as of December 31 of the reporting year have been valued using the value date closing stock price discounted for future dividend payments. The fair values as of the vesting date are calculated using the closing share price on the day prior to the vesting date. No dividends or dividend equivalents are paid or earned on unvested equity awards and no equity awards were granted and vested in the same year.
Three-Year Relative Total Shareholder Return* | ||
| Revenue | ||
| Non-GAAP Gross Margin | ||
| Sustainability Goals Used in the Annual Incentive Plan Sustainability Scorecard | ||
In accordance with Item 402(v) of Regulation S-K, which was adopted by the Securities and Exchange Commission in 2022 pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we are providing the following disclosure regarding executive compensation versus Company performance for the fiscal years listed below. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by NEOs.
Relationship Between Performance Measures and Compensation Actually Paid
Below are graphic representations that help illustrate the relationship between 'compensation actually paid' ("CAP") and the financial measures in the table above as well as the relationship of NXP’s TSR and the TSR of the Philadelphia SOX Index as well as the S&P 500 Index as a supplemental measure. CAP, as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. Because our NEO compensation is heavily weighted on equity, specifically performance based equity, the largest determinants of CAP are year over year changes in NXP’s stock price, realized achievement on PSUs awards that vested during the reporting year and projected PSU realizations on the unvested PSU awards in the form of Monte Carlo valuations.
*The SEC has provided guidance that multi-year performance measures cannot be used as the Company's selected measure included in the table; however because it is an important part of our compensation program we have listed it here.