Intel raised Intel Products CEO Michelle Johnston Holthaus's base salary to $1,000,000 from Jan 1, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

In a letter agreement dated Feb 28, 2025, Intel raised the annual base salary of Michelle Johnston Holthaus, chief executive of its Intel Products business, to $1,000,000, from Jan 1, 2025. Her annual cash bonus target rose to 200% of base salary, or $2,000,000, and her annual long-term equity target to about $16,000,000, and she received a one-time award of restricted stock units with a target of about $5,000,000. Beyond the severance benefits she was already eligible for under Intel's Executive Severance Plan, the agreement made her eligible for them as well if she resigned for good reason within two years after a new chief executive officer of Intel was appointed, subject to a release of claims. Intel reported the agreement in an 8-K, a US company's report of a material event, filed Feb 28, 2025.1^,2^,3^,4^,5^,6