Nvidia management check
NVDA · Information Technology · Semiconductors · CEO Jen-Hsun Huang
Filings as of
6 good · 1 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2022 grew to $1446, against $198 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.58 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.03% of net income$36.3m of reported pay in fiscal 2026, against $120.1bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 3140 years of payThe CEO holds 537,794,213 shares, directly or through trusts (unvested awards not counted): about 3140 years of pay. 5 insiders sold $1.4bn in the last six months and none bought. 10 of 32 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.9% a year over the last three fiscal years. Stock-based pay was 3.0% of revenue in the latest year.
- Good
Is leadership stable?
9 leadership filings in 3 yearsCEO in the pay table: Jen-Hsun Huang. 9 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 33 | |
| Pay for performance | 79 | 87 | |
| CEO cost | 100 | 35 | |
| Skin in the game | 80 | 47 | |
| Dilution | 61 | 56 | |
| Stable leadership | 80 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Semiconductors, by management score. Nvidia is 4th of 73 in its sector.
- 20NVDANvidia86
- 101ONON Semiconductor76
- 112AVGOBroadcom75
- 117MUMicron Technology75
- 132FSLRFirst Solar73
- 235MRVLMarvell Technology66
- 236QCOMQualcomm65
- 314ADIAnalog Devices60
- 319MPWRMonolithic Power Systems60
- 373TXNTexas Instruments56
Pay versus performance
From the proxy statement filed May 12, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Jen-Hsun Huang | $36.3m | $162.2m | $14.4m | $1446 | $198 | $120.1bn |
| 2025 | Jen-Hsun Huang | $49.9m | $344.2m | $20.3m | $1101 | $168 | $72.9bn |
| 2024 | Jen-Hsun Huang | $34.2m | $234.1m | $12.2m | $471 | $135 | $29.8bn |
| 2023 | Jen-Hsun Huang | $21.4m | −$4.1m | $9.9m | $157 | $94 | $4.4bn |
| 2022 | Jen-Hsun Huang | $23.7m | $105.5m | $8.9m | $176 | $112 | $9.8bn |
The board says pay is tied most to Non-GAAP Operating Income. Its other key measures: Revenue, 3-Year TSR relative to the S&P 500.
Insiders and the CEO's stake
Jen Hsun Huang (President and CEO) held 537,794,213 shares directly after their latest Form 4 on Sep 17, 2026, roughly $114.1bn at that filing's price.
5 insiders sold $1.4bn in the last six months and none bought. 10 of 32 sales ran on pre-arranged 10b5-1 plans.
- SoldMark A StevensDirector$1.4bnSep 18, 2026
- SoldTimothy S. TeterEVP, General Counsel and Sec · 10b5-1 plan$13.3mSep 21, 2026
- SoldColette KressEVP & Chief Financial Officer · 10b5-1 plan$7.6mSep 17, 2026
- SoldStephen C NealDirector$3.3mJun 3, 2026
Leadership and governance on file
- Jul 2, 2026Leadership change8-K 5.02
- May 8, 2026Leadership change8-K 5.02
- Apr 27, 2026Leadership change8-K 5.02
- Mar 6, 2026Leadership change8-K 5.02
- Jan 23, 2026Leadership change8-K 5.02
- Aug 5, 2025Leadership change8-K 5.02
- Mar 7, 2025Leadership change8-K 5.02
- Nov 7, 2024Leadership change8-K 5.02
- Mar 14, 2024Leadership change8-K 5.02
- Jul 24, 2023Leadership change8-K 5.02
- Mar 8, 2023Leadership change8-K 5.02
- Jun 6, 2022Leadership change8-K 5.02
Latest shareholder vote results: Jun 30, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $96.4bn returned to owners in buybacks and dividends, 41% of net income, and $19.4bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $26.9bn | $27.0bn | $60.9bn | $130.5bn | $215.9bn |
| Net income | $9.8bn | $4.4bn | $29.8bn | $72.9bn | $120.1bn |
| Stock-based pay | $2.0bn | $2.7bn | $3.5bn | $4.7bn | $6.4bn |
| Buybacks | $0 | $10.0bn | $9.5bn | $33.7bn | $40.1bn |
| Dividends | $399.0m | $398.0m | $395.0m | $834.0m | $974.0m |
| Diluted shares | 2535m | 25070m | 24940m | 24804m | 24514m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.