Sundar PichaiSundar Pichai earned $164M in 2023

A.J. Nahmad became the President of Watsco, Inc. on January 15, 2016, after spending years climbing through the ranks. He’s not new to this game; he joined Watsco back in 2005 and handled roles in strategy and global business development...

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A.J. Nahmad

CEO of Watsco

Education

B.A. from the University of Pennsylvania; M.B.A. from New York University

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1989 - 36 years ago

CEO of Watsco for

9 years 2 months (Jan 2016 - Present)

Previous Experience

Vice President of Strategy & Innovation at Watsco, Inc.

Holdings

See how much did A.J. Nahmad make over time.

As of now, A.J. Nahmad’s wealth is closely tied to his holdings in Watsco, Inc., where he has been President since 2016. In 2023, he got a total pay package of about $11 million, with almost all of it coming...

Insider Trading

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Compensation History

See how much did A.J. Nahmad make over time.

In 2023, A.J. Nahmad’s total compensation reached about $11 million. This includes a base salary of $600,000. Notably, he didn’t receive any cash bonuses. Instead, nearly $10 million came from the value of restricted stocks that are set to vest over a long period. A.J.'s pay is structured to reward him based on the company’s performance over time rather than just short-term results. This strategy is common in large companies, as it aligns the interests of the executives with those of shareholders. Looking back at previous years, his compensation has consistently revolved around stock incentives rather than cash-based bonuses, indicating a strong focus on future growth and profitability.

Year

2023

Total Compensation

$11.06M

Salary

$600.00K

Board Justification

The compensation philosophy focuses on long-term shareholder returns, with a significant portion of compensation being performance-based, primarily through restricted stock awards that cliff-vest at retirement age.

Bonus

$0.00

Board Justification

No cash bonuses were approved for our EVP or CFO in 2023.

Other

$458.34K

Board Justification

Includes 401(k) Plan matching contributions, health insurance benefits, comprehensive annual executive physical, and incremental variable operating costs incurred related to personal use of the Company aircraft.

Restricted Stock

$10.00M(23.69K Class B common stock)

Board Justification

Restricted Class B common shares with a cliff-vest date of October 15, 2029, subject to forfeiture prior to this date as set forth in the restricted stock agreement.

Performance Metrics

The performance metrics for determining compensation include earnings per share (EPS) growth and common stock price growth.

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