Did the Intel CEO Get a Raise?
No — pay fell. Pat Gelsinger's total compensation dropped 29% to $19.5M in 2025, from $27.3M in 2024, per Intel's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Intel CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Pat Gelsinger Pay: 2024 → 2025
- 2025 total comp
- $19,472,000
- 2024 total comp
- $27,280,000
- Change ($)
- −$7,808,000
- Change (%)
- -29%
Source: Intel SEC DEF 14A proxy statements, 2024 and 2025 Summary Compensation Tables.
In its latest proxy statement, Intel reported Pat Gelsinger's 2025 total compensation at $19,472,000 — down $7,808,000 (29%) from $27,280,000 in 2024. The biggest single driver was stock awards, which fell $3,904,000.
Across the disclosed history, Pat Gelsinger's total pay has run: 2022, $25.0M; 2023, $25.8M; 2024, $27.3M; 2025, $19.5M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Intel posted a 3.8% three-year total shareholder return on -1.3% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of B (74/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $19,472,000 |
| Base Salary | $1,947,200 |
| Stock Awards | $9,736,000 |
| Option Awards | $2,336,640 |
| Non-Equity Incentive | $2,920,800 |
| CEO-to-Worker Pay Ratio | 139:1 |
| Pay-Performance Grade | B |
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Frequently Asked Questions
No — pay fell. Pat Gelsinger's total compensation dropped 29% to $19.5M in 2025, from $27.3M in 2024, per Intel's SEC DEF 14A filings.
Pat Gelsinger, CEO of Intel, earned $19.5M in total compensation in 2025, including $9.7M in stock awards and $1,947,200 in base salary.
In 2025, total compensation of $19,472,000 was composed of $1,947,200 base salary, $0 cash bonus, $9,736,000 stock awards, $2,336,640 option awards, and $2,920,800 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Intel as B (74/100), based on three-year total shareholder return of 3.8%, revenue growth of -1.3%, and shareholder say-on-pay vote approval.
Pat Gelsinger is the chief executive officer of Intel (INTC).
More about Intel
No — pay fell. Pat Gelsinger's total compensation dropped 29% to $19.5M in 2025, from $27.3M in 2024, per Intel's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.