TE CONNECTIVITY PLC, DEF 14A filed on 1/15/2026
Proxy Statement (definitive)
v3.25.4
Document Information
12 Months Ended
Sep. 26, 2025
Document Information:  
Document Type DEF 14A
Amendment false
CIK 0001385157
Registrant Name TE CONNECTIVITY PLC
v3.25.4
Pay vs Performance Disclosure
12 Months Ended
Sep. 26, 2025
USD ($)
$ / shares
Sep. 27, 2024
USD ($)
$ / shares
Sep. 29, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 24, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Average

Average

Summary

Summary

Compensation

Value of Initial Fixed $100

Compensation

Compensation

Compensation

Actually

Investment based on:

Adjusted

Table Total for

Actually Paid to

Table Total for

Paid for

Peer Group

Earnings

CEO1

CEO2

other NEOs3

other NEOs2

TSR4

TSR4

Net Income5

Per Share6

Year

  ​ ​ ​

($)

  ​ ​ ​

($)

  ​ ​ ​

($)

  ​ ​ ​

($)

  ​ ​ ​

($)

  ​ ​ ​

($)

  ​ ​ ​

($M)

  ​ ​ ​

($)

2025

$

18,325,536

$

66,647,241

$

5,294,358

$

15,071,435

$

247.03

$

288.00

$

1,842

$

8.76

2024

$

16,843,687

$

27,085,528

$

4,836,253

$

6,969,987

$

169.31

$

208.32

$

3,193

$

7.56

2023

$

16,717,748

$

21,833,929

$

4,323,646

$

5,450,015

$

135.95

$

152.54

$

1,910

$

6.74

2022

$

15,927,866

$

3,836,791

$

4,365,021

$

1,786,007

$

119.28

$

120.36

$

2,428

$

7.33

2021

$

14,715,856

$

45,381,475

$

4,070,539

$

11,522,755

$

153.36

$

145.17

$

2,261

$

6.51

(1)Represents the total compensation of our CEO, Terrence Curtin, as reported in the Summary Compensation Table for each year reported in the table.
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table above. “Compensation actually paid” does not mean that our CEO and other NEOs actually received those amounts in the listed year. The following table details the applicable adjustments that were made to determine “compensation actually paid” for each year reported in the table:

CEO – Compensation Actually Paid (CAP) Reconciliation

  ​ ​ ​

2021

  ​ ​ ​

2022

  ​ ​ ​

2023

2024

2025

Summary Compensation Table Total

$

14,715,856

$

15,927,866

$

16,717,748

$

16,843,687

$

18,325,536

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(10,215,113)

$

(11,958,716)

$

(12,962,924)

$

(13,031,855)

$

(13,282,182)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

19,643,931

$

6,956,690

$

12,592,842

$

16,139,613

$

28,915,664

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

16,231,766

$

(10,975,355)

$

2,299,381

$

4,391,317

$

24,815,787

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

5,005,036

$

3,886,306

$

3,186,882

$

2,742,766

$

7,872,435

Compensation Actually Paid

$

45,381,475

$

3,836,791

$

21,833,929

$

27,085,528

$

66,647,241

Average NEO – Compensation Actually Paid (CAP) Reconciliation

2021

2022

2023

2024

2025

Summary Compensation Table Total

$

4,070,539

$

4,365,021

$

4,323,646

$

4,836,253

$

5,294,358

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(2,404,192)

$

(2,554,732)

$

(2,606,522)

$

(2,742,202)

$

(2,937,852)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

4,623,246

$

1,486,138

$

2,532,107

$

3,396,157

$

6,395,562

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

3,915,715

$

(2,352,119)

$

485,925

$

906,304

$

4,836,618

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

1,317,447

$

841,698

$

714,860

$

573,475

$

1,482,749

Compensation Actually Paid

$

11,522,755

$

1,786,007

$

5,450,015

$

6,969,987

$

15,071,435

(3)The individuals comprising the other NEOs for each year presented are listed below:

2021

2022

2023

2024

2025

Heath Mitts

Heath Mitts

Heath Mitts

Heath Mitts

Heath Mitts

Steve Merkt

Steve Merkt

Steve Merkt

Steve Merkt

Aaron Stucki

Shad Kroeger

Shad Kroeger

Aaron Stucki

Aaron Stucki

Shad Kroeger

John Jenkins

Aaron Stucki

John Jenkins

John Jenkins

John Jenkins

(4)Total Shareholder Return (TSR) compares the cumulative total shareholder return on our shares against the cumulative return on the Dow Jones U.S. Electrical Components and Equipment Index. It assumes the investment of $100 in our shares and in the Dow Jones U.S. Electrical Components and Equipment Index at the fiscal year end 2020 and assumes the reinvestment of all dividends and distributions. TSR values for fiscal year 2021 to fiscal year 2024 are as previously reported. Differences in rounding in the Annual Report TSR graph do not represent a methodology change.
(5)Reflects net income calculated in accordance with generally accepted accounting principles (“GAAP”) in the Company’s Consolidated Statements of Operations included in the Company’s Annual Reports on Form 10-K for the applicable fiscal year.
(6)Adjusted Earnings Per Share represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.

       
Company Selected Measure Name Adjusted Earnings Per Share        
Named Executive Officers, Footnote
(3)The individuals comprising the other NEOs for each year presented are listed below:

2021

2022

2023

2024

2025

Heath Mitts

Heath Mitts

Heath Mitts

Heath Mitts

Heath Mitts

Steve Merkt

Steve Merkt

Steve Merkt

Steve Merkt

Aaron Stucki

Shad Kroeger

Shad Kroeger

Aaron Stucki

Aaron Stucki

Shad Kroeger

John Jenkins

Aaron Stucki

John Jenkins

John Jenkins

John Jenkins

       
Peer Group Issuers, Footnote
(4)Total Shareholder Return (TSR) compares the cumulative total shareholder return on our shares against the cumulative return on the Dow Jones U.S. Electrical Components and Equipment Index. It assumes the investment of $100 in our shares and in the Dow Jones U.S. Electrical Components and Equipment Index at the fiscal year end 2020 and assumes the reinvestment of all dividends and distributions. TSR values for fiscal year 2021 to fiscal year 2024 are as previously reported. Differences in rounding in the Annual Report TSR graph do not represent a methodology change.
       
PEO Total Compensation Amount $ 18,325,536 $ 16,843,687 $ 16,717,748 $ 15,927,866 $ 14,715,856
PEO Actually Paid Compensation Amount $ 66,647,241 27,085,528 21,833,929 3,836,791 45,381,475
Adjustment To PEO Compensation, Footnote
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table above. “Compensation actually paid” does not mean that our CEO and other NEOs actually received those amounts in the listed year. The following table details the applicable adjustments that were made to determine “compensation actually paid” for each year reported in the table:

CEO – Compensation Actually Paid (CAP) Reconciliation

  ​ ​ ​

2021

  ​ ​ ​

2022

  ​ ​ ​

2023

2024

2025

Summary Compensation Table Total

$

14,715,856

$

15,927,866

$

16,717,748

$

16,843,687

$

18,325,536

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(10,215,113)

$

(11,958,716)

$

(12,962,924)

$

(13,031,855)

$

(13,282,182)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

19,643,931

$

6,956,690

$

12,592,842

$

16,139,613

$

28,915,664

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

16,231,766

$

(10,975,355)

$

2,299,381

$

4,391,317

$

24,815,787

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

5,005,036

$

3,886,306

$

3,186,882

$

2,742,766

$

7,872,435

Compensation Actually Paid

$

45,381,475

$

3,836,791

$

21,833,929

$

27,085,528

$

66,647,241

Average NEO – Compensation Actually Paid (CAP) Reconciliation

2021

2022

2023

2024

2025

Summary Compensation Table Total

$

4,070,539

$

4,365,021

$

4,323,646

$

4,836,253

$

5,294,358

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(2,404,192)

$

(2,554,732)

$

(2,606,522)

$

(2,742,202)

$

(2,937,852)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

4,623,246

$

1,486,138

$

2,532,107

$

3,396,157

$

6,395,562

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

3,915,715

$

(2,352,119)

$

485,925

$

906,304

$

4,836,618

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

1,317,447

$

841,698

$

714,860

$

573,475

$

1,482,749

Compensation Actually Paid

$

11,522,755

$

1,786,007

$

5,450,015

$

6,969,987

$

15,071,435

       
Non-PEO NEO Average Total Compensation Amount $ 5,294,358 4,836,253 4,323,646 4,365,021 4,070,539
Non-PEO NEO Average Compensation Actually Paid Amount $ 15,071,435 6,969,987 5,450,015 1,786,007 11,522,755
Adjustment to Non-PEO NEO Compensation Footnote
(2)SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table above. “Compensation actually paid” does not mean that our CEO and other NEOs actually received those amounts in the listed year. The following table details the applicable adjustments that were made to determine “compensation actually paid” for each year reported in the table:

CEO – Compensation Actually Paid (CAP) Reconciliation

  ​ ​ ​

2021

  ​ ​ ​

2022

  ​ ​ ​

2023

2024

2025

Summary Compensation Table Total

$

14,715,856

$

15,927,866

$

16,717,748

$

16,843,687

$

18,325,536

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(10,215,113)

$

(11,958,716)

$

(12,962,924)

$

(13,031,855)

$

(13,282,182)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

19,643,931

$

6,956,690

$

12,592,842

$

16,139,613

$

28,915,664

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

16,231,766

$

(10,975,355)

$

2,299,381

$

4,391,317

$

24,815,787

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

5,005,036

$

3,886,306

$

3,186,882

$

2,742,766

$

7,872,435

Compensation Actually Paid

$

45,381,475

$

3,836,791

$

21,833,929

$

27,085,528

$

66,647,241

Average NEO – Compensation Actually Paid (CAP) Reconciliation

2021

2022

2023

2024

2025

Summary Compensation Table Total

$

4,070,539

$

4,365,021

$

4,323,646

$

4,836,253

$

5,294,358

- Grant Date Fair Value of Stock Awards Granted in Fiscal Year

$

(2,404,192)

$

(2,554,732)

$

(2,606,522)

$

(2,742,202)

$

(2,937,852)

+ Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year

$

4,623,246

$

1,486,138

$

2,532,107

$

3,396,157

$

6,395,562

± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years

$

3,915,715

$

(2,352,119)

$

485,925

$

906,304

$

4,836,618

± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year

$

1,317,447

$

841,698

$

714,860

$

573,475

$

1,482,749

Compensation Actually Paid

$

11,522,755

$

1,786,007

$

5,450,015

$

6,969,987

$

15,071,435

       
Compensation Actually Paid vs. Total Shareholder Return

Graphic

*Value of initial fixed investment of $100

       
Compensation Actually Paid vs. Net Income

Graphic

       
Compensation Actually Paid vs. Company Selected Measure

Graphic

       
Total Shareholder Return Vs Peer Group

Graphic

*Value of initial fixed investment of $100

       
Tabular List, Table

Most Important Performance Measures

The MDCC believes in a holistic evaluation of the NEOs’ and the Company’s performance and uses a mix of performance measures throughout our annual and long-term incentive programs to align executive pay with Company performance. As required by SEC rules, the following table presents the financial performance measures that the company considers to have been the most important in linking Compensation Actually Paid to company performance. The measures in this table are not ranked.

2025 Most Important Performance Measures

Adjusted Earnings Per Share

Revenue

Adjusted Operating Income

       
Total Shareholder Return Amount $ 247.03 169.31 135.95 119.28 153.36
Peer Group Total Shareholder Return Amount 288 208.32 152.54 120.36 145.17
Net Income (Loss) $ 1,842,000,000 $ 3,193,000,000 $ 1,910,000,000 $ 2,428,000,000 $ 2,261,000,000
Company Selected Measure Amount | $ / shares 8.76 7.56 6.74 7.33 6.51
PEO Name Terrence Curtin        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Earnings Per Share        
Non-GAAP Measure Description
(6)Adjusted Earnings Per Share represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, impairment of goodwill, tax sharing income related to adjustments to prior period tax returns and other tax items, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Income        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (13,282,182) $ (13,031,855) $ (12,962,924) $ (11,958,716) $ (10,215,113)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 28,915,664 16,139,613 12,592,842 6,956,690 19,643,931
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 24,815,787 4,391,317 2,299,381 (10,975,355) 16,231,766
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,872,435 2,742,766 3,186,882 3,886,306 5,005,036
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,937,852) (2,742,202) (2,606,522) (2,554,732) (2,404,192)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,395,562 3,396,157 2,532,107 1,486,138 4,623,246
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,836,618 906,304 485,925 (2,352,119) 3,915,715
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,482,749 $ 573,475 $ 714,860 $ 841,698 $ 1,317,447
v3.25.4
Award Timing Disclosure
12 Months Ended
Sep. 26, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure

Equity Award Timing Policies and Practices

We maintain an Equity Granting Policy applicable to all awards of equity-based compensation, including stock options, granted by TE Connectivity. As part of the policy, annual equity awards, including stock option awards, are generally granted to our executives and employees during the open trading window period within the first fiscal quarter of each fiscal year, and awards of ordinary shares to non-employee directors will generally be made annually during the first fiscal quarter of each fiscal year. The MDCC (or our Board of Directors, if to our chief executive officer) also may consider and approve interim or mid-year grants, or grants made on another basis, from time to time based on business needs, new hires, promotions, retention, changing compensation practices or other factors, in the discretion of the MDCC (or our Board of Directors, if to our chief executive officer).  

We do not permit timed disclosure of material non-public information for the purpose of affecting the value of executive compensation, including stock option or similar equity awards, and option grants or other awards are not timed in relation to the release of material non-public information. However, our management must advise the MDCC whenever it is aware of material non-public information that is planned to be released to the public in close proximity to the grant of an award.

Stock options are granted with an exercise price equal to the closing market price of our ordinary shares on the New York Stock Exchange on the date of grant.

Award Timing Method We maintain an Equity Granting Policy applicable to all awards of equity-based compensation, including stock options, granted by TE Connectivity. As part of the policy, annual equity awards, including stock option awards, are generally granted to our executives and employees during the open trading window period within the first fiscal quarter of each fiscal year, and awards of ordinary shares to non-employee directors will generally be made annually during the first fiscal quarter of each fiscal year. The MDCC (or our Board of Directors, if to our chief executive officer) also may consider and approve interim or mid-year grants, or grants made on another basis, from time to time based on business needs, new hires, promotions, retention, changing compensation practices or other factors, in the discretion of the MDCC (or our Board of Directors, if to our chief executive officer).
Award Timing MNPI Considered false
Award Timing, How MNPI Considered We do not permit timed disclosure of material non-public information for the purpose of affecting the value of executive compensation, including stock option or similar equity awards, and option grants or other awards are not timed in relation to the release of material non-public information. However, our management must advise the MDCC whenever it is aware of material non-public information that is planned to be released to the public in close proximity to the grant of an award.
MNPI Disclosure Timed for Compensation Value false
v3.25.4
Insider Trading Policies and Procedures
12 Months Ended
Sep. 26, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true