Dell Technologies’ fiscal 2022 was marked by records: $101.2 billion in record revenue, record cash flow of $7.1 billion and record diluted earnings per share of $6.26.
And for that, the top five Dell executives were rewarded handsomely with a combined $93 million in total compensation in fiscal year 2022, according to the Round Rock, Texas-based company’s annual proxy filing.
Dell’s 2022 fiscal year ended on Jan. 28, 2022, but the proxy was filed with regulators May 6.
The symbolic shareholder vote on total compensation will take place on June 27 at Dell Technologies Inc.’s 2022 annual meeting of stockholders. Their approval is not needed to rubber stamp the payouts.
The largest voting shareholder apart from the CEO is the private equity firm Silver Lake Partners, which owns 95.5 million shares, or about 12.8 percent of the company. That’s about 0.5 percent less than the private equity firm owned last year when it had 13.3 percent of Dell’s shares.
Meanwhile, Dell – like most tech public tech companies – has witnessed its stock price deteriorate this year. Since Jan. 3, Dell stock has sunk 22 percent to $43.93 per share as of May 18.
Here are the top five Dell executives and their pay packages for fiscal year 2022.