Kurt Sievers

Board

Since May 2020

Age

55 years

Education

Earned a master’s degree in physics and information technology from Augsburg University, Germany.

Tenure

Joined NXPI in 1995 and advanced through various leadership roles, including membership in the executive management team in 2009, playing a key role in the merger of NXP and Freescale Semiconductor in 2015, serving as President from 2018, and being promoted to President and CEO in May 2020.

Also at NXP Semiconductors

Andrew Micallef

Executive Vice President, Chief Operations and Manufacturing Officer

Christopher Jensen

Executive Vice President and CHRO

Ron Martino

Executive Vice President and Chief Sales Officer

About

Kurt Sievers was born in 1969 and is a German executive with a strong academic background, holding a master’s degree in physics and information technology from Augsburg University, Germany. His solid grounding in technology and science laid the foundation for a distinguished career in the semiconductor industry.

Starting his journey at NXPI in 1995, he steadily climbed the corporate ladder by taking on numerous leadership roles across marketing, sales, product development, and strategy. His appointment to the executive management team in 2009 marked the beginning of a period of significant contributions, culminating in his key role in orchestrating the merger of NXP and Freescale Semiconductor in 2015.

Beyond his responsibilities at NXPI, he has been actively involved in various industry associations and boards, contributing to broader advancements in the semiconductor and technology sectors. His engagement with organizations such as the Global Semiconductor Alliance, the German National Electrical and Electronics Industry Association, and Capgemini S.E., alongside his leadership in industry-specific research groups, highlights his commitment to driving innovation and strategic growth.

$NXPI Performance Under Kurt Sievers

Past Roles

Organization	Role	Date Range	Details
NXP Semiconductors	President	2018–2020	Oversaw all the company’s business lines
NXP Semiconductors	Member of the Executive Management Team	2009–2020	Played a key role in defining and implementing the NXP High-Performance Mixed Signal strategy
NXP Semiconductors	Various Leadership Roles	1995–2009	Held positions in Marketing & Sales, Product Definition & Development, Strategy, and General Management across multiple market segments

External Roles

Organization	Role	Date Range	Details
Capgemini S.E.	Board Member	Current	N/A
German National Electrical and Electronics Industry Association (ZVEI)	Board Member	Current	N/A
Global Semiconductor Alliance (GSA)	Board Member	Current	N/A
AENEAS	President	Current	Industrial association for application and technology research in Europe on nano-electronics
Asia-Pacific-Committee of German Business (APA)	Member	Current	N/A
German Asia-Pacific Business Association (OAV)	Board Member	Current	Acts as the spokesperson for the Republic of Korea

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Annualized Base Salary	$1,216,313	2023	Annual salary for Kurt Sievers
All Other Compensation	$122,390	2023	Includes residential security, international insurance, tax return preparation, company car, tax gross-up; $62,853 allocated for specific benefits

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Value	Details
Components (Weights)	Five components at 20% each	1H Revenue, 1H Adjusted Gross Margin, 2H Revenue, 2H Adjusted Gross Margin, Annual Sustainability Scorecard
AIP Target	170% of base salary	Set at 170% of Kurt Sievers's base salary
Threshold Payout	5% of AIP target	Payout begins at 5% if only the sustainability scorecard is met
Maximum Payout	200% of AIP target	Total payout capped at 200% of the target
Payout Calculation	Average realization across components	Based on the average performance of all five equally weighted metrics

Equity Awards - Performance Stock Units (PSUs)

Metric	Value	Details
Performance Metric	Relative Total Shareholder Return	Measured against a peer group with dividends reinvested; volatility assumption of 38.96%, initial TSR -0.22%
Threshold	14,505 PSUs	Minimum performance required
Target Units	58,020 PSUs	Target award quantity
Maximum Units	116,040 PSUs	Maximum award quantity
Grant Date	November 7, 2023	Date of grant
Grant Date Stock Price	$185.80	Closing stock price on grant date
Grant Date Fair Value per PSU	$213.99	Determined via a Monte Carlo simulation
Vesting Schedule	Cliff vest on November 7, 2026	PSUs vest upon meeting RTSR performance criteria
Evaluation Period	November 7, 2023 – November 6, 2026	Performance is measured over this three‐year period

Equity Awards - Restricted Stock Units (RSUs)

Metric	Value	Details
Units Granted	24,866 RSUs	Total number of RSUs granted
Grant Date Fair Value	$4,620,000	Total fair value of the RSU grant
Vesting Schedule	1/3 annually on November 7, 2024, 2025, 2026	Vestes in equal installments over three years; time-based vesting
Performance Metric	Time-based	Vesting is not dependent on performance metrics