Vineet Nargolwala

President and CEO at Allegro Microsystems Inc

Board

Since June 2022

Age

51 years

Education

Earned a Bachelor's degree in Electrical Engineering from Maharaja Sayajirao University in Baroda, India, a Master's degree in Electrical Engineering from the University of Texas, and an MBA from Cornell University.

Tenure

Assumed the role of President and CEO of Allegro MicroSystems in June 2022 and serves on the board while leading key initiatives such as vehicle electrification and growth in e-Mobility applications.

Also at Allegro Microsystems Inc

DPD

Derek P. D’Antilio

EVP, CFO, and Treasurer

SSB

Sharon S. Briansky

SVP, General Counsel, and Secretary

About

Vineet Nargolwala has built a robust career over more than 25 years of global executive leadership, holding significant roles in several high-profile technology companies. Earlier in his career, he worked at Nortel Networks, spent over nine years at Honeywell International in business strategy and P&L leadership roles, and held progressively senior positions at Sensata Technologies where he advanced from Vice President to Executive Vice President.

At Allegro MicroSystems, his tenure is marked by steering the company toward innovative initiatives in vehicle electrification and energy-efficient systems, emphasizing strategic growth in e-Mobility applications that contribute significantly to the automotive sector.

In addition to his executive responsibilities at Allegro, he also serves as a board member at Brady Corporation, reflecting his extensive involvement in guiding industry-leading companies through transformational growth.

$ALGM Performance Under Vineet Nargolwala

Past Roles

Organization	Role	Date Range	Details
Sensata Technologies	Executive Vice President of Sensing Solutions	March 2020 to May 2022	Left role to join ALGM in June 2022
Sensata Technologies	Senior Vice President, Sensing Solutions	September 2019 to March 2020	N/A
Sensata Technologies	Senior Vice President, General Manager, Global Safety & Mobility	February 2019 to September 2019	N/A
Sensata Technologies	Senior Vice President, Performance Sensing, North America, Japan, and Korea	April 2016 to February 2019	N/A
Sensata Technologies	Vice President, Sensors Americas	February 2013 to April 2016	N/A
Honeywell International Inc.	Various business strategy and P&L leadership roles	Over nine years	N/A
Nortel Networks	Product Management and Engineering roles	N/A	N/A

External Roles

Organization	Role	Date Range	Details
Brady Corporation	Board of Directors	Since February 2022	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$660,000	Annually	Increased from $600,000 in 2023 due to a 10% merit/market adjustment
401(k) Company Match	$17,250	Per contribution period	N/A
Nonqualified Plan Company Contribution	$66,706	Per contribution period	N/A
Charitable Contribution Company Match	$4,000	Per contribution period	N/A
Company HSA Contribution	$1,200	Per contribution period	N/A

Performance Compensation

Data from FY 2024

AIP Compensation

Metric	Weight	Threshold	Target	Maximum	Actual Performance	Weighted Pool Funding
Performance EBIT	60%	$304.0M	$346.6M	$378.0M	$306.2M	48.6%
Revenue	30%	$1,017.0M	$1,130.0M	$1,210.0M	$1,046.4M	25.6%
RTM	10%	26	28	35	29	11.4%

Target AIP: $825,000
Final AIP Payout: $706,200
Evaluation Period: FY2024, with payout on June 28, 2024
Multiplier: 1.00

Performance-Based Equity Awards

Award Type	Target Shares/Units	Weight	Grant Date	Grant Date Fair Value	Vesting Schedule
RSUs	55,893	40%	May 15, 2023	$2,120,022	Vest in three equal installments on May 16, 2024, May 16, 2025, and May 16, 2026
PSUs	83,840	60%	May 15, 2023	$3,427,379	Vest based on performance metrics: Relative TSR vests on May 16, 2026; Strategic Product Revenue vests 50% on May 16, 2024 and 50% on May 16, 2025; Cumulative Performance EBITDA and Cycle Time vest on May 16, 2026

Performance Metrics for PSUs

Metric	Weight	Threshold	Target	Maximum	Payout Conditions
Relative TSR	50%	25th percentile	50th percentile	75th percentile	Payout range from 0% to 200%; vests on May 16, 2026
Strategic Product Revenue	20%	$573.9M	$637.7M	$682.3M	Actual performance: $604.3M resulting in an 89.5% payout; 50% vests on May 16, 2024 and 50% on May 16, 2025
Cumulative Performance EBITDA	15%	$327.8M	$409.7M	$441.1M	Actual performance: $370.1M yielding 75.8% payout; vests on May 16, 2026
Cumulative Cycle Time	15%	>110 weeks (0% payout)	≤110 weeks (100% payout)	N/A	Binary payout; vests on May 16, 2026

Grant Date Stock Price: Not explicitly provided in the available documents.

This summary outlines the detailed performance compensation components for 2024, covering both the AIP cash incentive and the performance-based equity awards, along with key performance metrics, targets, and vesting schedules.