TE Connectivity management check
TEL · Information Technology · Electronic Manufacturing Services · CEO Terrence Curtin
Filings as of
5 good · 1 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $247, against $288 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 0.89 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
1.0% of net income$18.3m of reported pay in fiscal 2025, against $1.8bn of net income.
- n/a
Do they own the stock?
No recent CEO filingLight activity: no buys, $4.0m sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.9% a year over the last three fiscal years. Stock-based pay was 0.9% of revenue in the latest year.
- Good
Is leadership stable?
6 leadership filings in 3 yearsCEO in the pay table: Terrence Curtin. 6 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 | 32 | 33 | |
| Pay for performance | 95 | 87 | |
| CEO cost | 50 | 35 | |
| Skin in the game | — | — | 47 |
| Dilution | 86 | 56 | |
| Stable leadership | 95 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electronic Manufacturing Services, by management score. TE Connectivity is 13th of 73 in its sector.
- 81LRCXLam Research78
- 99TELTE Connectivity76
- 101ONON Semiconductor76
- 112AVGOBroadcom75
- 117MUMicron Technology75
- 228JBLJabil66
Pay versus performance
From the proxy statement filed January 15, 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 |
|---|---|---|---|---|---|---|---|
| 2025 | Terrence Curtin | $18.3m | $66.6m | $5.3m | $247 | $288 | $1.8bn |
| 2024 | — | $16.8m | $27.1m | $4.8m | $169 | $208 | $3.2bn |
| 2023 | — | $16.7m | $21.8m | $4.3m | $136 | $153 | $1.9bn |
| 2022 | — | $15.9m | $3.8m | $4.4m | $119 | $120 | $2.4bn |
| 2021 | — | $14.7m | $45.4m | $4.1m | $153 | $145 | $2.3bn |
The board says pay is tied most to Adjusted Earnings Per Share. Its other key measures: Revenue, Adjusted Operating Income.
Insiders and the CEO's stake
Light activity: no buys, $4.0m sold in six months. 2 of 2 sales ran on pre-arranged 10b5-1 plans.
- SoldShadrak W KroegerPres., Industrial Solutions · 10b5-1 plan$4.0mJun 1, 2026
Leadership and governance on file
- Oct 7, 2026Leadership change8-K 5.02
- Nov 12, 2024Leadership change8-K 5.02
- Oct 4, 2024Leadership change8-K 5.02
- Sep 17, 2024Leadership change8-K 5.02
- Mar 18, 2024Leadership change8-K 5.02
- Dec 12, 2023Leadership change8-K 5.02
- Mar 16, 2023Leadership change8-K 5.02
- Mar 9, 2022Leadership change8-K 5.02
- Dec 10, 2021Leadership change8-K 5.02
Latest shareholder vote results: Mar 11, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $10.2bn returned to owners in buybacks and dividends, 88% of net income, and $612.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.9bn | $16.3bn | $16.0bn | $15.8bn | $17.3bn |
| Net income | $2.3bn | $2.4bn | $1.9bn | $3.2bn | $1.8bn |
| Stock-based pay | $94.0m | $119.0m | $123.0m | $127.0m | $149.0m |
| Buybacks | $831.0m | $1.4bn | $945.0m | $2.1bn | $1.3bn |
| Dividends | $647.0m | $685.0m | $725.0m | $760.0m | $803.0m |
| Diluted shares | 333m | 325m | 317m | 309m | 299m |
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.