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    Gene Sheridan

    President and Chief Executive Officer at Navitas Semiconductor Corp
    Board
    Since 2014
    Age
    59 years
    Education
    Graduated from Clarkson University with a Bachelor of Science in Electrical Engineering in 1988.
    Tenure
    Co-founded NVTS in 2014 and has served as its President and Chief Executive Officer, with an additional term as Chair of the Board from October 19, 2021 to April 23, 2025.

    Also at Navitas Semiconductor Corp

    TG
    Todd Glickman
    Senior Vice President, Chief Financial Officer, and Treasurer

    About

    He graduated from Clarkson University with a Bachelor of Science in Electrical Engineering in 1988, establishing a strong academic foundation for a career in the semiconductor industry.

    His early career includes leadership roles at International Rectifier from 1988 to 2006, where he held various management positions, followed by executive roles as CEO of BridgeCo (2006–2011) and as Senior Vice President and General Manager at SMSC (2011–2013). He also served as CEO of Empower Semiconductor from 2013 to 2015, a role in which he continues to contribute as executive chairman.

    Since co-founding NVTS in 2014, he has served as President and Chief Executive Officer and was Chair of the Board of Directors from October 19, 2021 to April 23, 2025. With over 30 years of experience in the power management and semiconductor sectors, his leadership has been instrumental in steering NVTS through various phases of growth and innovation.

    $NVTS Performance Under Gene Sheridan

    Past Roles

    OrganizationRoleDate RangeDetails
    Empower Semiconductor Chief Executive Officer 2013–2015 No longer held; transitioned to Executive Chairman role
    SMSC (now part of Microchip Technology, Inc.) Senior Vice President and General Manager, Wireless Products Group 2011–2013 Past leadership role in wireless products
    BridgeCo (now part of Microchip Technology, Inc.) Chief Executive Officer 2006–2011 Lead role prior to subsequent positions
    International Rectifier (now part of Infineon Technologies) Various roles including Vice President of the Processor Power Group and Vice President of the Consumer & Communications Business Unit 1988–2006 Held multiple senior roles in power management

    External Roles

    OrganizationRoleDate RangeDetails
    Empower Semiconductor Executive Chairman 2015–Present Active role held outside of NVTS

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary $565,1252024 (annual)Fixed base salary
    All Other Compensation $13,9622024 (annual)Includes employer matching contributions under Navitas' 401(k) plan and the dollar value of life insurance premiums paid by the company

    Performance Compensation

    Data from  FY 2024

    LTIP Awards (Non-qualified Stock Options)

    MetricDetail
    Grant Date December 29, 2021
    Option Quantity Up to 3,250,000 shares total, divided into 10 tranches of 325,000 options each
    Performance Metrics Share Price Targets, Revenue Targets; Additional Adjusted EBITDA Targets for tranches 4-10
    Performance Targets To receive full incentives, a share price of at least $60 and either $640 million in revenue or $162 million in adjusted EBITDA over a four-quarter period
    Vesting Schedule Tranches 1–5 vest no earlier than December 29, 2024; Tranches 6–10 vest no earlier than December 29, 2025, subject to continued employment
    Evaluation Period Four-quarter measurement period

    Restricted Stock Units (RSUs)

    MetricDetail
    Grant Date August 25, 2021
    Vesting Schedule One-third vest on October 19, 2022; August 25, 2023; and August 25, 2024
    Performance Conditions Accelerated vesting if the 20-trading-day average share price reaches $12.00, $17.00, or $20.00, respectively
    Additional Details Vesting contingent upon continued employment

    Note: For 2024, the upcoming vesting events include the RSU tranche on August 25, 2024 and the LTIP tranches 1–5 potentially vesting on December 29, 2024, based on achievement of the performance targets provided above.