Broadcom CEO’s Pay Soars to $161.8 Million After Stock Award

Annual compensation for Broadcom Inc. Chief Executive Officer Hock Tan more than doubled last year to $161.8 million, thanks to a stock award of $160.5 million that will vest over the next five years.

Tan’s salary remained $1.2 million in 2023, according to a regulatory filing Monday, but the stock award contributed to a 167% increase in his total compensation. He didn’t receive non-equity incentive compensation — a category that had amounted to $5.4 million the previous year.

Hock Tan in 2017.

Photographer: Martin H. Simon/Bloomberg

The performance-based award was “front-loaded” to cover a period of five years, Broadcom said. During that vesting period, the Palo Alto, ...