Sundar PichaiSundar Pichai earned $164M in 2023

Andrew Iacobucci served as the Interim Chief Executive Officer of US Foods from May 2022 until January 2023. He has a solid background in commercial operations and has held several key positions at US Foods, including Executive Vice President and...

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Andrew Iacobucci

Ex-CEO of US Foods

Education

B.S. in Business Administration from the University of Florida

Sector of Economy

Consumer Defensive

Born

January 1, 1967 - 58 years ago

CEO of US Foods for

0 years 7 months (May 2022 - Jan 2023)

Previous Experience

Executive Vice President and Chief Commercial Officer at US Foods Holding Corp.

Holdings

See how much did Andrew Iacobucci make over time.

During his time at US Foods, Andrew Iacobucci did not hold significant stock options or vested stocks, as most of his performance and wealth were tied to salary and bonuses. His compensation shifted dramatically when he stepped into the interim...

Mar 18, 2025

Total Stock Sold

$2.99M

USFD

$2.99M

86,915 USFD shares

What if they kept their stock?

If Andrew Iacobucci didn't sell their stock, today they would have:
Extra USFD86,915 shares worth $1.61M.
This is -46.13% and $1.38M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Andrew Iacobucci.

USFD

$183.07K

USFD at $36.57/share

Mar 29, 2023

Sale

USFD

87,194 shares

USFD

Mar 27, 2023

Received

USFD

$761.15K

USFD at $34.67/share

Mar 23, 2023

Sale

USFD

$680.00K

USFD at $34.00/share

Nov 11, 2022

Sale

USFD

30,610 shares

USFD

Jun 6, 2022

Received

USFD

20,260 shares

USFD

Mar 28, 2022

Received

USFD

9,879 shares

USFD

Feb 25, 2022

Received

USFD

$573.66K

USFD at $35.14/share

Sep 23, 2021

Sale

USFD

$54.69K

USFD at $37.00/share

Mar 26, 2021

Sale

USFD

22,734 shares

USFD

Mar 26, 2021

Received

Compensation History

See how much did Andrew Iacobucci make over time.

In 2022, Andrew Iacobucci's total compensation reached $2,393,047, which was a combination of a base salary of $900,000 and a performance-based bonus of $1,493,047, aligned with the company's annual goals. His bonus structure had a target percentage of 150% of his base salary, emphasizing the company's strategy to incentivize executive performance based on specific metrics like Adjusted EBITDA and Distribution Cost Per Case. However, as he transitioned out of his role, all stock options and awards were forfeited, which means he didn't have any vested stock equity to fall back on. His compensation plan demonstrates a common practice in corporate leadership, where a heavy emphasis is placed on cash incentives rather than long-term stock ownership to ensure immediate accountability and results. Future compensation decisions for executives in his position might also highlight the importance of retention and performance alignment, as seen in his retention equity awards during his leadership stint.

Year

2022

Total Compensation

$2.39M

Salary

$900.00K

Board Justification

The compensation philosophy emphasizes performance and retention-based compensation opportunities designed to incentivize executive officers to execute the company's long-range plan and increase long-term stockholder value.

Bonus

$1.49M

Board Justification

The bonus was based on the company's performance against the annual incentive plan (AIP) goals, with a target percentage of 150% applied to eligible earnings.

Other

$0.00

Board Justification

No additional compensation was reported for Mr. Iacobucci in 2022.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2022 as Mr. Iacobucci forfeited his awards upon leaving the company.

Performance Metrics

The performance metrics for the AIP included Adjusted EBITDA and Distribution Cost Per Case.