Brice Hill

Senior Vice President and Chief Financial Officer at Applied Materials Inc

Since March 2022

Age

58 years

Tenure

Joined Applied Materials in March 2022 and has served as Senior Vice President and Chief Financial Officer, also overseeing Global Information Services.

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About

Brice Hill is the Senior Vice President and Chief Financial Officer at Applied Materials, having joined the company in March 2022. He is responsible for the company's financial operations and oversees Global Information Services, reflecting a strong record of leadership and financial acumen.

Prior to his current role, he held the position of Executive Vice President and Chief Financial Officer at Xilinx, Inc. from April 2020 until its acquisition by Advanced Micro Devices in February 2022. His earlier career includes a distinguished 25-year tenure at Intel Corporation, where he held various senior finance roles including Corporate Vice President, Chief Financial Officer, and Chief Operating Officer of the Technology, Systems, and Core Engineering Group.

At age 58, his extensive experience in corporate finance and operational management has been a critical asset in navigating the financial complexities of large technology companies. His commitment to operational excellence and strategic growth is evident in his career progression and current leadership role.

Past Roles

Organization	Role	Date Range	Details
Xilinx, Inc.	Executive Vice President and Chief Financial Officer	April 2020 - February 2022	Held until acquisition by Advanced Micro Devices, Inc.
Intel Corporation	Various finance positions, including Corporate Vice President and Chief Financial Officer and Chief Operating Officer of the Technology, Systems and Core Engineering Group	25 years (dates not provided)	Served in key finance roles over a 25-year period

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$744,616	Annually	Annual base salary.
All Other Compensation	$63,641	As incurred	Breakdown: 401(k) match: $13,953; Term life insurance: $1,451; Home office reimbursement: $300; Relocation expenses: $47,937.
Change of Control Vesting Acceleration	$18,452,610	Upon Change of Control Event	Accelerated vesting of RSUs and PSUs at $186.52 per share.

Performance Compensation

Data from FY 2024

Annual Incentive Bonus

Metric	Value	Additional Details
Performance Hurdle (Non-GAAP EPS Target)	$5.55	Initial EPS target.
Actual Non-GAAP EPS Achieved	$8.65	Achievement surpassed target.
Corporate Scorecard Range	0.987 to 1.07	Based on weighted objectives.
Individual Performance Modifier	1.1	Modifier reflecting personal performance.
Base Salary for Bonus Calculation	$750,000	Different reference from base salary component.
Target Bonus (% of Base)	135%	Target bonus set at 135% of base salary.
Target Bonus (Dollar Amount)	$1,012,500	Computed from base salary.
Actual Bonus Paid	$1,149,947	Reflecting payout performance.

Stock Awards

Metric	Value	Additional Details
Grant Date	Dec 7, 2023	Grant date for stock awards.
Grant Date Stock Price	$148.39	As per grant details.
RSUs Granted	18,533 units	Restricted Stock Units.
PSUs Granted	18,533 units	Performance Share Units.
Grant Date Fair Value (RSUs)	$2,699,887	Fair value for RSUs.
Grant Date Fair Value (PSUs)	$3,151,655	Fair value for PSUs.
RSU Vesting Schedule	50% on Dec 19, 2024; 50% on Dec 19, 2025	Vesting based on time.
PSU Vesting Schedule	Vests on Dec 19, 2026	Vesting contingent on performance with final payout ranging from 0% to 200% of target.
Performance Metrics for PSUs	Not specified	Actual performance metrics and thresholds not detailed.
Additional Conditions	Continued employment & performance goal achievement	Vesting is conditional.