CAMBRIDGE — Arm has proposed a pay package for chief executive Rene Haas that could award him up to $800 million if the company meets specific market capitalization targets by March 2031. The plan would grant Haas 425,000 shares if Arm achieves a market value of $1 trillion by 2029, $1.25 trillion by 2030, and £2 trillion by March 2031.

Shareholders will vote on the updated remuneration policy at Arm’s annual meeting, typically held in September. If approved and the targets are met, Haas could earn over $1 billion by 2031. He received more than $60 million in total remuneration in the year ending March 2024.

Arm increased the maximum annual share award for Haas from 125% to 200% of his salary based on performance metrics. According to a filing with the U.S. Securities and Exchange Commission, Arm said the proposed compensation “reflects the value creation required by market capitalisation milestones.”

The company stated that its executive pay approach is designed to attract and retain top global technology talent. Arm also noted that its CEO compensation structure aligns with U.S. standards due to its Nasdaq listing, competition for talent with U.S.-based firms, and Haas’s residence in California.

Haas joined Arm in 2013 and became chief executive in 2022. He is leading the company through a strategic shift toward developing semiconductors for AI datacenters and plans to begin manufacturing its own chips—a departure from its decades-long focus on licensing chip designs. Haas predicted this move could increase company revenues fivefold.

As of the time of reporting, Arm’s market valuation on Nasdaq stood at $367 billion, exceeding that of any U.K.-listed company. SoftBank, which owns 86% of Arm, floated the company on the Nasdaq after its attempted sale to Nvidia collapsed in 2022 due to regulatory hurdles. Arm employs approximately 6,500 people, including 3,000 in the U.K., and has about 500 users of its chip designs worldwide, including Apple, Samsung, Qualcomm, and Nvidia.

No independent assessment of Rene Haas’s claims was available.