Richard P.  Wallace net worth and biography

Richard Wallace Biography and Net Worth

Mr. Wallace currently serves as our President and Chief Executive Officer. He has been our Chief Executive Officer since January 2006 and has also served as our President since November 2008. He began at KLA Instruments in 1988 as an applications engineer and has held various general management positions throughout his 32 years with us, including positions as President and Chief Operating Officer from July 2005 to December 2005, Executive Vice President of the Customer Group from May 2004 to July 2005, and Executive Vice President of the Wafer Inspection Group from July 2000 to May 2004. Earlier in his career, he held positions with Ultratech Stepper and Cypress Semiconductor. Mr. Wallace previously served as a member of the Board of Directors of SEMI (Semiconductor Equipment and Materials International), a prominent industry association, including as SEMI’s Chairman of the Board. He earned his bachelor’s degree in electrical engineering from the University of Michigan and his master’s degree in engineering management from Santa Clara University, where he also taught strategic marketing and global competitiveness courses after his graduation. As our President and Chief Executive Officer and a KLA employee for 32 years, Mr. Wallace brings to the Board extensive leadership and semiconductor industry experience, including a deep knowledge and understanding of our business, operations and employees, the opportunities and risks faced by KLA, and management’s strategy and plans for accomplishing our goals. In addition, Mr. Wallace’s current service as a member of the Boards of Directors of KLA and Proofpoint give him a strong understanding of his role as a Director and a broad perspective on key industry issues and corporate governance matters.

What is Richard P. Wallace's net worth?

The estimated net worth of Richard P. Wallace is at least $66.29 million as of August 7th, 2023. Mr. Wallace owns 124,045 shares of KLA stock worth more than $66,293,369 as of December 10th. This net worth evaluation does not reflect any other investments that Mr. Wallace may own. Additionally, Mr. Wallace receives a salary of $3,150,000.00 as CEO at KLA. Learn More about Richard P. Wallace's net worth.

How old is Richard P. Wallace?

Mr. Wallace is currently 63 years old. There are 7 older executives and no younger executives at KLA. Learn More on Richard P. Wallace's age.

What is Richard P. Wallace's salary?

As the CEO of KLA Co., Mr. Wallace earns $3,150,000.00 per year. Learn More on Richard P. Wallace's salary.

How do I contact Richard P. Wallace?

The corporate mailing address for Mr. Wallace and other KLA executives is ONE TECHNOLOGY DRIVE, MILPITAS CA, 95035. KLA can also be reached via phone at (408) 875-3000 and via email at [email protected]. Learn More on Richard P. Wallace's contact information.

Has Richard P. Wallace been buying or selling shares of KLA?

Richard P. Wallace has not been actively trading shares of KLA over the course of the past ninety days. Most recently, Richard P. Wallace sold 35,000 shares of the business's stock in a transaction on Monday, August 7th. The shares were sold at an average price of $504.08, for a transaction totalling $17,642,800.00. Following the completion of the sale, the chief executive officer now directly owns 124,045 shares of the company's stock, valued at $62,528,603.60. Learn More on Richard P. Wallace's trading history.

Who are KLA's active insiders?

KLA's insider roster includes Edward Barnholt (Chairman), Oreste Donzella (EVP), Jeneanne Hanley (Director), Bren Higgins (CFO), Kevin Kennedy (Director), Ahmad Khan (Insider), Virendra Kirloskar (CAO), Brian Lorig (EVP), Gary Moore (Director), Kiran Patel (Director), Amichai Steimberg (CEO), Richard Wallace (CEO), and MaryBeth Wilkinson (EVP). Learn More on KLA's active insiders.

Are insiders buying or selling shares of KLA?

During the last year, insiders at the semiconductor company sold shares 15 times. They sold a total of 88,562 shares worth more than $39,470,485.39. The most recent insider tranaction occured on September, 22nd when EVP Mary Beth Wilkinson sold 3,155 shares worth more than $1,424,514.05. Insiders at KLA own 0.1% of the company. Learn More about insider trades at KLA.

Information on this page was last updated on 9/22/2023.

Richard P. Wallace Insider Trading History at KLA

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
8/7/2023Sell35,000$504.08$17,642,800.00124,045View SEC Filing Icon  
5/5/2023Sell4,582$384.02$1,759,579.64136,201View SEC Filing Icon  
5/2/2023Sell17,499$381.48$6,675,518.52153,702View SEC Filing Icon  
5/24/2021Sell5,000$315.00$1,575,000.0056,906View SEC Filing Icon  
5/10/2021Sell15,000$309.95$4,649,250.0061,906View SEC Filing Icon  
2/3/2021Sell4,216$301.60$1,271,545.6076,906View SEC Filing Icon  
8/19/2020Sell35,115$210.78$7,401,539.7096,853View SEC Filing Icon  
5/11/2020Sell37,266$168.94$6,295,718.04106,739View SEC Filing Icon  
9/4/2018Sell12,308$117.36$1,444,466.8850,137View SEC Filing Icon  
8/8/2018Sell5,546$117.10$649,436.6060,101View SEC Filing Icon  
8/6/2018Sell14,207$118.49$1,683,387.43View SEC Filing Icon  
1/31/2018Sell13,299$110.10$1,464,219.9043,442View SEC Filing Icon  
8/15/2017Sell37,377$90.86$3,396,074.2258,831View SEC Filing Icon  
12/8/2016Sell35,000$79.17$2,770,950.0075,945View SEC Filing Icon  
10/17/2013Sell15,000$63.00$945,000.00View SEC Filing Icon  
5/15/2013Sell25,000$54.34$1,358,500.00View SEC Filing Icon  
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Richard P. Wallace Buying and Selling Activity at KLA

This chart shows Richard P Wallace's buying and selling at KLA by year and by quarter.

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KLA Company Overview

KLA logo
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection. The company offers inspection and review tools to identify, locate, characterize, review, and analyze defects on various surfaces of patterned and unpatterned wafers; metrology systems that are used to measure pattern dimensions, film thickness, film stress, layer-to-layer alignment, pattern placement, surface topography, and electro-optical properties for wafers; Wafer defect inspection, review, and metrology systems; reticle inspection and metrology systems; chemical process control equipment; wired and wireless sensor wafers and reticles; and semiconductor software solutions that provide run-time process control, defect excursion identification, process corrections, and defect classification to accelerate yield learning rates and reduce production risk. It also provides etch, plasma dicing, deposition, and other wafer processing technologies and solutions for the semiconductor and microelectronics industry. In addition, the company offers direct imaging, inspection, optical shaping, inkjet and additive printing, UV laser drilling and computer-aided manufacturing and engineering solutions for the PCB market; inspection and electrical testing systems to identify and classify defects, as well as systems to repair defects for the display market; and inspection and metrology systems for quality control and yield improvement in advanced and traditional semiconductor packaging markets. The company was formerly known as KLA-Tencor Corporation and changed its name to KLA Corporation in July 2019. KLA Corporation was incorporated in 1975 and is headquartered in Milpitas, California.
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Today's Range

Now: $534.43
Low: $532.00
High: $539.18

50 Day Range

MA: $505.10
Low: $451.84
High: $557.75

2 Week Range

Now: $534.43
Low: $355.88
High: $562.84


1,038,337 shs

Average Volume

903,259 shs

Market Capitalization

$72.65 billion

P/E Ratio


Dividend Yield