Cognex Management

Management criteria checks 3/4

Cognex's CEO is Rob Willett, appointed in Jan 2010, has a tenure of 14.33 years. total yearly compensation is $6.96M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.009% of the company’s shares, worth $692.21K. The average tenure of the management team and the board of directors is 6.6 years and 3.2 years respectively.

Key information

Rob Willett

Chief executive officer

US$7.0m

Total compensation

CEO salary percentage	9.7%
CEO tenure	14.3yrs
CEO ownership	0.009%
Management average tenure	6.6yrs
Board average tenure	3.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob Willett's remuneration changed compared to Cognex's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$100m
Dec 31 2023	US$7m	US$676k	US$113m
Oct 01 2023	n/a	n/a	US$157m
Jul 02 2023	n/a	n/a	US$172m
Apr 02 2023	n/a	n/a	US$174m
Dec 31 2022	US$7m	US$672k	US$216m
Oct 02 2022	n/a	n/a	US$214m
Jul 03 2022	n/a	n/a	US$259m
Apr 03 2022	n/a	n/a	US$277m
Dec 31 2021	US$11m	US$651k	US$280m
Oct 03 2021	n/a	n/a	US$296m
Jul 04 2021	n/a	n/a	US$304m
Apr 04 2021	n/a	n/a	US$226m
Dec 31 2020	US$4m	US$173k	US$176m
Sep 27 2020	n/a	n/a	US$187m
Jun 28 2020	n/a	n/a	US$141m
Mar 29 2020	n/a	n/a	US$191m
Dec 31 2019	US$4m	US$376k	US$204m
Sep 29 2019	n/a	n/a	US$169m
Jun 30 2019	n/a	n/a	US$208m
Mar 31 2019	n/a	n/a	US$215m
Dec 31 2018	US$3m	US$376k	US$219m
Sep 30 2018	n/a	n/a	US$146m
Jul 01 2018	n/a	n/a	US$168m
Apr 01 2018	n/a	n/a	US$168m
Dec 31 2017	US$4m	US$376k	US$177m

Compensation vs Market: Rob's total compensation ($USD6.96M) is above average for companies of similar size in the UK market ($USD3.33M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

CEO

Rob Willett (55 yo)

14.3yrs

Tenure

US$6,959,914

Compensation

Mr. Robert J. Willett, also known as Rob, has been the Chief Executive Officer of Cognex Corporation, since March 16, 2011. Mr. Willett has been President of Cognex Corporation since January 2010. He overs...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Willett	CEO, President & Executive Director	14.3yrs	US$6.96m	0.0092% $ 692.2k
Joerg Kuechen	Senior VP of Advanced Vision Technology & CTO	1.9yrs	US$2.13m	0.0017% $ 128.7k
Sheila DiPalma	Executive VP of Employee Services and Corporate Officer & Chief Culture Officer	6.6yrs	US$1.84m	0.0023% $ 175.3k
Carl Gerst	Executive Vice President of Vision	3.6yrs	US$2.87m	0% $ 0
Robert Shillman	Founder	43.3yrs	US$216.05k	0% $ 0
Dennis Fehr	Senior VP of Finance & CFO	no data	no data	no data
Laura MacDonald	VP of Finance	16.4yrs	US$1.23m	0.0022% $ 165.5k
Susan Conway	Senior Director of Investor Relations	no data	no data	no data
Todd Keebaug	Vice President of Legal Services	no data	no data	no data
Robin Pratt	Corporate Communications Contractor	no data	no data	no data
Didier Lacroix	Senior Vice President Worldwide Sales & Marketing	no data	no data	no data
Richard Morin	Secretary	no data	US$538.28k	no data

6.6yrs

Average Tenure

55yo

Average Age

Experienced Management: 0I14's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Willett	CEO, President & Executive Director	13.1yrs	US$6.96m	0.0092% $ 692.2k
Robert Shillman	Founder	3yrs	US$216.05k	0% $ 0
Anthony Sun	Chairman & Lead Independent Director	42.3yrs	US$399.53k	0.20% $ 14.9m
Marjorie Sennett	Independent Director	2.5yrs	US$339.87k	0.0021% $ 156.5k
Sachin Lawande	Independent Director	3.3yrs	US$335.87k	0.0037% $ 277.6k
Angelos Papadimitriou	Independent Director	1.3yrs	no data	0.00059% $ 44.4k
John T. Lee	Independent Director	2yrs	US$344.87k	0.0011% $ 83.5k
Dianne Parrotte	Independent Director	6.1yrs	US$343.53k	0.0054% $ 409.3k

3.2yrs

Average Tenure

60yo

Average Age

Experienced Board: 0I14's board of directors are considered experienced (3.2 years average tenure).

Cognex Management

Management criteria checks 3/4

Key information

Recent management updates

Cognex Corporation, Annual General Meeting, May 01, 2024

High number of new directors

High number of new directors

Independent Director recently bought US$138k worth of stock

Senior VP of Finance & CFO recently sold US$249k worth of stock

Cognex Corporation Announces Resignation of Robert J. Shillman as Chairman and Chief Culture Officer

Recent updates

Cognex Corporation Provides Earnings Guidance for the Second Quarter of 2024

First quarter 2024 earnings released: EPS: US$0.07 (vs US$0.15 in 1Q 2023)

Cognex Corporation to Report Q1, 2024 Results on May 02, 2024

Cognex Corporation, Annual General Meeting, May 01, 2024

Upcoming dividend of US$0.075 per share

Fourth quarter dividend of US$0.075 announced

Full year 2023 earnings released: EPS: US$0.66 (vs US$1.24 in FY 2022)

Cognex Declares Quarterly Cash Dividend, Payable on March 14, 2024

Now 20% overvalued after recent price rise

Cognex Corporation to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.075 per share at 0.8% yield

High number of new directors

Cognex Corporation Provides Earnings Guidance for the Fourth Quarter of 2023

Third quarter 2023 earnings released: EPS: US$0.11 (vs US$0.20 in 3Q 2022)

Cognex Corporation (NasdaqGS:CGNX) completed the acquisition of Moritex Corporation from Trustar Capital.

Cognex Corporation to Report Q3, 2023 Results on Oct 31, 2023

Cognex Corporation (NasdaqGS:CGNX) agreed to acquire Moritex Corporation from Trustar Capital for ¥40 billion.

Upcoming dividend of US$0.07 per share at 0.6% yield

Cognex Corporation Provides Earnings Guidance for the Third Quarter of 2023

Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.34 in 2Q 2022)

Cognex Corporation to Report Q2, 2023 Results on Aug 03, 2023

Cognex Corporation(NasdaqGS:CGNX) dropped from Russell 1000 Growth-Defensive Index

Upcoming dividend of US$0.07 per share at 0.6% yield

Cognex Corporation Provides Earnings Guidance for the Second Quarter of 2023

First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.39 in 1Q 2022)

High number of new directors

Full year 2022 earnings released: EPS: US$1.24 (vs US$1.59 in FY 2021)

Cognex Corporation Provides Earnings Guidance for the First Quarter of 2023

Cognex Corporation Declares Quarterly Cash Dividend, Payable on March 17, 2023

Cognex Corporation to Report Q4, 2022 Results on Feb 16, 2023

Cognex Corporation (NasdaqGS:CGNX) acquired SAC Sirius Advanced Cybernetics.

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$0.20 (vs US$0.45 in 3Q 2021)

Cognex Corporation Provides Revenue Guidance for the Fourth Quarter 2022

Cognex Corporation to Report Q3, 2022 Results on Nov 03, 2022

Cognex Corporation Revises Revenue Guidance for the Third Quarter of 2022

Upcoming dividend of US$0.065 per share

Second quarter 2022 earnings released: EPS: US$0.34 (vs US$0.44 in 2Q 2021)

Cognex Corporation Provides Earnings Guidance for the Third Quarter of 2022

Cognex Corporation to Report Q2, 2022 Results on Aug 02, 2022

Independent Director recently bought US$138k worth of stock

Now 21% undervalued after recent price drop

First quarter 2022 earnings released: EPS: US$387 (vs US$0.40 in 1Q 2021)

Cognex Corporation Provides Revenue Guidance for the Second Quarter 2022

Cognex Corporation (NasdaqGS:CGNX) announces an Equity Buyback for $500 million worth of its shares.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Cognex Corporation Provides Earnings Guidance for the First Quarter of 2022

Senior VP of Finance & CFO recently sold US$249k worth of stock

Third quarter 2021 earnings released: EPS US$0.45 (vs US$0.50 in 3Q 2020)

Upcoming dividend of US$0.06 per share

Cognex Corporation Provides Earnings Guidance for the Third Quarter of 2021

Second quarter 2021 earnings released: EPS US$0.44 (vs US$0.007 loss in 2Q 2020)

Cognex Corporation Provides Earnings Guidance for the Second Quarter and Fourth Quarter of 2021

First quarter 2021 earnings released: EPS US$0.40 (vs US$0.12 in 1Q 2020)

Cognex Corporation Announces Quarterly Dividend, Payable on June 4, 2021

Cognex Corporation Announces Resignation of Robert J. Shillman as Chairman and Chief Culture Officer

Cognex Corporation Announces Board Changes, Effective May 5, 2021

Full year 2020 earnings released: EPS US$1.02 (vs US$1.19 in FY 2019)

Revenue beats expectations

Cognex Corporation to Report Q4, 2020 Results on Feb 11, 2021

Independent Director recently sold US$760k worth of stock

Cognex Corporation Appoints Sachin S. Lawande as New Board Member, Effective January 1, 2021

Market pulls back on stock over the past week

Market pulls back on stock over the past week

Cognex Corporation to Report Q1, 2019 Results on Apr 29, 2019

Cognex Corporation to Report Q3, 2020 Results on Oct 28, 2020

CEO Compensation Analysis

CEO

Tenure