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NXP Semiconductors NV

For the period ended Apr 29, 2025. Filed Apr 29, 2025.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 29, 2025 · Filed Apr 29, 2025

NXPI$248.29+1.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrantý

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

ý Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

NXP Semiconductors N.V.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

ý No fee required

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11

NOTICE OF AND AGENDA FOR 2025

ANNUAL GENERAL MEETING OF SHARE HOLDERS

April 29, 2025

Dear Shareholders:

I invite you to attend the 2025 Annual General Meeting of Shareholders (the “Annual General Meeting” or “AGM”) of NXP Semiconductors N.V. (“we,” “us,” “our” or the “Company”), which will be held on Wednesday, June 11, 2025 at 8:45 a.m. Central European Time at the Sheraton Amsterdam Airport Hotel and Conference Center, Schiphol Boulevard 101, 1118 BG, Amsterdam, The Netherlands.

At the Annual General Meeting, we will discuss, and the Company’s shareholders will vote on, the following items of business:

Item 1Adoption of the 2024 Statutory Annual Accounts
Item 2Discharge of the members of the Company’s Board of Directors (the “Board”) for their responsibilities in the financial year ended December 31, 2024
Item 3Re-appointment of ten current directors named in this proxy statement
Item 4Authorization of the Board to issue ordinary shares of the Company (“ordinary shares”) and grant rights to acquire ordinary shares
Item 5Authorization of the Board to restrict or exclude pre-emptive rights accruing in connection with an issue of shares or grant of rights
Item 6Authorization of the Board to repurchase ordinary shares
Item 7Authorization of the Board to cancel ordinary shares held or to be acquired by the Company
Item 8Re-appointment of EY Accountants B.V. as our independent auditors for the fiscal year ending December 31, 2025
Item 9Non-binding, advisory vote to approve Named Executive Officer compensation

In addition to the above voting items we will have a discussion of the dividend and reservation policy and the implementation of the Company’s long-term strategy, including with respect to sustainable long-term value creation and the Company's corporate governance structure and compliance with the 2022 Dutch Corporate Governance Code. We will also consider any other business that properly comes before the Annual General Meeting. None of the proposals require the approval of any other proposal to become effective. We intend that this notice of the Annual General Meeting and the accompanying proxy materials will first be made available on our website on or about April 28, 2025. In accordance with Dutch corporate law and our Articles of Association, the record date for determining those shareholders entitled to notice of, and to vote at, the Annual General Meeting has been set at May 14, 2025. We will begin mailing the proxy materials or Notice of Internet Availability of Proxy Materials, as applicable, to our shareholders on or about May 21, 2025. If you recieve a Notice of Internet Availability but would prefer to recieve printed proxy materials, please follow the instructions included in the notice.

At the Annual General Meeting we will also present the consolidated financial statements and independent auditors’ report for the fiscal year ended December 31, 2024. If any other matters properly come before the Annual General Meeting the persons named in the proxy card will vote in their discretion the shares represented by all properly executed proxies.

As announced in our Form 8-K filed with the SEC on April 28, 2025, on April 23, 2025, Kurt Sievers, our President and CEO, provided notice that he would voluntarily retire as CEO and executive director on October 28, 2025. Following its

CEO succession planning process, the Board unanimously appointed Rafael Sotomayor to succeed Mr. Sievers as President, effective April 28, 2025 and designated Mr. Sotomayor as CEO and temporary executive director of the Company effective as of October 28, 2025, the date of retirement of Mr. Sievers from his CEO and executive director role. Mr. Sotomayor previously served as the Company’s executive vice president and general manager of Secure Connected Edge and a member of the Company’s executive management team since 2020. Upon Mr. Sotomayor’s designation as CEO, Mr. Sievers will serve as a strategic advisor to the Company through December 31, 2025 to assist in the leadership transition.

YOUR VOTE IS VERY IMPORTANT. Please read this proxy statement and the accompanying proxy materials. Whether or not you plan to attend the Annual General Meeting, please submit your proxy card or voting instructions as soon as possible.

By order of the Board of Directors of NXP Semiconductors N.V.,

Jennifer B. Wuamett

Secretary

Eindhoven, The Netherlands

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be Held on June 11, 2025

This proxy statement, the notice, our 2024 Annual Report on Form 10-K and the 2024 Statutory Annual Report are available on proxyvote.com and on our website at http://investors.nxp.com by clicking “Corporate Governance”, then “Annual Meeting”.

We Strongly Encourage You to Sign Up For Electronic Delivery of Proxy MaterialsShareholders may request proxy materials be delivered to them electronically by enrolling at www.proxyvote.com. Not only will this result in faster delivery of the documents but also allows our shareholders to join us in our efforts to support a sustainable future and mitigate our impact on the environment.

TABLE OF CONTENTS

GENERAL INFORMATION1
VOTING PROCEDURES2
Beneficial Owners2
Shareholders of Record2
Revocability of Proxy2
General Matters2
CORPORATE GOVERNANCE3
SUSTAINABILITY4
Environment7
Human Capital Management9
Social Responsibility13
Health and Safety13
ITEM 1: ADOPTION OF THE 2024 STATUTORY ANNUAL ACCOUNTS14
ITEM 2: DISCHARGE OF THE BOARD OF DIRECTORS FOR THEIR RESPONSIBILITIES IN THE 2024 FINANCIAL YEAR14
ITEM 3: RE-APPOINTMENT OF DIRECTORS14
Nominees for Director16
Nominee Skills and Experience21
Director Independence22
HOW OUR BOARD GOVERNS AND IS GOVERNED22
Rules Governing the Board22
Board Leadership and Role in Risk Oversight23
Meetings of NXP’s Board24
NXP’s Board Committees24
Audit Committee25
Human Resources and Compensation Committee26
Nominating, Governance and Sustainability Committee26
Setting and Overseeing Strategy26
Risk Oversight27
Board Education29
HOW OUR DIRECTORS ARE SELECTED AND EVALUATED29
Consideration of Director Nominees29
Skills and Experience30
Board Refreshment30
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS30
HOW OUR DIRECTORS ARE COMPENSATED30
Non-Executive Director Compensation for 202430
ITEM 4: AUTHORIZATION OF THE BOARD TO ISSUE ORDINARY SHARES AND GRANT RIGHTS TO ACQUIRE ORDINARY SHARES32
ITEM 5: AUTHORIZATION OF THE BOARD TO RESTRICT OR EXCLUDE PRE-EMPTIVE RIGHTS ACCRUING IN CONNECTION WITH AN ISSUE OF SHARES OR GRANT OF RIGHTS32
ITEM 6: AUTHORIZATION OF THE BOARD TO REPURCHASE ORDINARY SHARES OF THE COMPANY33
ITEM 7: AUTHORIZATION OF THE BOARD TO CANCEL THE COMPANY’S ORDINARY SHARES HELD OR TO BE ACQUIRED33
ITEM 8: RE-APPOINTMENT OF EY ACCOUNTANTS B.V. AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 202534
ITEM 9: NON-BINDING, ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION35
EXECUTIVE OFFICERS36
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT38
EXECUTIVE COMPENSATION40
Compensation Discussion & Analysis40
Shareholder Engagement and Results of 2024 Advisory Vote on Executive Compensation42
Compensation Philosophy43
Key Practices in Determining Executive Compensation44
Key Components of Our Executive Compensation Program45
Peer Group Analysis and Benchmarking46
2024 Compensation Decisions47
Executive Share Ownership Guidelines54
Other Practices & Guidelines54
Employment Arrangements of Named Executive Officers54
Key Policies and Practices55
Compensation Practices and Risk55
Governance56
Human Resources and Compensation Committee Report57
Summary Compensation Table58
Grants of Plan-Based Awards Table59
Outstanding Equity Awards at Year-End Table60
Option Exercises and Stock Vested Table62
Pension Benefits62
Potential Payments upon Termination or Change of Control63
CEO Pay Ratio Disclosure65
Human Resources and Compensation Committee Interlocks and Insider Participation66
Equity Compensation Plan Information71
Pay Versus Performance Disclosure67
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS70
Related Party Transactions70
REPORT OF THE AUDIT COMMITTEE70
DELINQUENT SECTION 16(A) REPORTS71
THE 2026 ANNUAL GENERAL MEETING71
OTHER MATTERS71
APPENDIX A: Reconciliation of Non-GAAP Measures72
Forward-looking Statements76

GENERAL INFORMATION

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.