Andrew K. Silvernail is the former CEO of IDEX Corporation, known for its innovative precision-engineered products. After taking the position in August 2011, he guided the company through important transitions, enhancing its market position. He has a solid educational background...

Andrew K. Silvernail is the former CEO of IDEX Corporation, known for its innovative precision-engineered products. After taking the position in August 2011, he guided the company through important transitions, enhancing its market position. He has a solid educational background with a bachelor's degree from the University of Michigan and an MBA from Harvard University. His career at IDEX began with leadership roles in health and science technologies. Under his watch, the company emphasized aligning executive pay with performance metrics like organic sales growth and total shareholder return. Silvernail's compensation fluctuated significantly during his tenure, reaching around $3.5 million in 2019, partly due to performance bonuses that reflected his success in steering the company. Interestingly, during this peak period, his stock holdings reached a value of $38 million. After separating from IDEX in December 2020, he faced challenges, including major forfeitures of unvested stock options, which were all tied to his performance. Today, his contributions to the company and experience in the engineering field are seen as valuable assets for future endeavors.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other IDEX CEOs

I

Andrew K. Silvernail

Ex-CEO of IDEX

Education

Bachelor's degree from the University of Michigan

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1967 - 58 years ago

CEO of IDEX for

5 years 5 months (Jul 2015 - Dec 2020)

Previous Experience

Various management positions at IDEX Corporation

Rivals

Competitors/colleagues of Andrew K. Silvernail

D

Richard J. Tobin

CEO of Dover

2023 Compensation

Stock

$3.25M

Salary

$1.29M

Bonus

$2.00M

Other

$207.19K

Total Holdings

$69.71M

F

Tamara S. Newcombe

CEO of Fortive

2023 Compensation

Stock

$0.00

Salary

$725.00K

Bonus

$1.26M

Other

$98.75K

Total Holdings

$5.19M

E

Andrea J. Funk

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$450.00K

Bonus

$100.00K

Other

$50.00K

Total Holdings

$4.45M

E

Shawn M. O'Connell

CEO of EnerSys

2023 Compensation

Stock

$250.00K

Salary

$800.00K

Bonus

$200.00K

Other

$150.00K

Total Holdings

$4.15M

M

David A. Hager

CEO of MRC Global

2023 Compensation

Stock

$31.78M

Salary

$1.25M

Bonus

$1.64M

Other

$0.00

Total Holdings

$34.04M

A

John H. Stone

CEO of Allegion

2023 Compensation

Stock

$1.38M

Salary

$1.03M

Bonus

$0.00

Other

$9.00K

Total Holdings

$27.03M

Holdings

See how much did Andrew K. Silvernail make over time.

Throughout his tenure at IDEX Corporation, Andrew K. Silvernail's stock holdings showed notable fluctuations. In December 2019, his holdings reached approximately $38 million at their peak. However, after his separation from the company in December 2020, much of this wealth...

Throughout his tenure at IDEX Corporation, Andrew K. Silvernail's stock holdings showed notable fluctuations. In December 2019, his holdings reached approximately $38 million at their peak. However, after his separation from the company in December 2020, much of this wealth was affected by significant forfeitures of unvested equity awards. His stock values varied over time, peaking monthly between September 2019 and August 2020, often above $35 million. However, after leaving IDEX, the values sharply declined, showcasing the risks executives take when their wealth is largely tied to performance. By early 2024, his reported holdings are around $10 million, indicating a significant drop, yet reflecting prior successes in driving the company's performance.

Total Stock Sold

$129.12M

IEX

$129.12M

866,751 IEX shares

What if they kept their stock?

If Andrew K. Silvernail didn't sell their stock, today they would have:
Extra IEX866,751 shares worth $130.88M.
This is 1.36% and $1.76M more than what they got when they sold the stock.

Charitable Transactions

IEX

24,209 shares

IEX

SYK

1,770 shares

SYK

Recent Charitable Transactions

IEX

$3.05M

IEX at $193.15/share

Nov 30, 2020

Charity

IEX

$184.74K

IEX at $180.59/share

Aug 25, 2020

Charity

IEX

$236.67K

IEX at $157.78/share

Apr 29, 2020

Charity

IEX

$126.62K

IEX at $150.74/share

May 24, 2019

Charity

IEX

$70.24K

IEX at $156.43/share

May 6, 2019

Charity

IEX

$50.10K

IEX at $125.25/share

Oct 31, 2018

Charity

Insider Trading

See recent insider trades of Andrew K. Silvernail.

SYK

653 shares

SYK

May 9, 2024

Received

SYK

705 shares

SYK

May 10, 2023

Received

IEX

$3.05M

IEX at $193.15/share

Nov 30, 2020

Charity

IEX

$28.91M

IEX at $189.66/share

Nov 9, 2020

Sale

IEX

$20.79M

IEX at $169.81/share

Oct 29, 2020

Sale

IEX

$184.74K

IEX at $180.59/share

Aug 25, 2020

Charity

IEX

$16.85M

IEX at $168.77/share

Jul 27, 2020

Sale

IEX

$5.74M

IEX at $159.38/share

May 28, 2020

Sale

IEX

$236.67K

IEX at $157.78/share

Apr 29, 2020

Charity

IEX

$10.10M

IEX at $171.19/share

Feb 7, 2020

Received

Compensation History

See how much did Andrew K. Silvernail make over time.

During his time as CEO, Andrew K. Silvernail's compensation at IDEX Corporation reflects the company's performance and his leadership decisions. In 2020, his total compensation approached $3.5 million, of which a significant portion was a performance-related bonus that he received upon his departure. This payment symbolized a culmination of his efforts to align executive compensation with set performance metrics such as earnings per share and cash flow conversion. Despite facing challenges, including forfeiting all unvested equity upon his exit, his earlier years saw steady increases in bonuses. His earlier compensation package included annual increases, reflecting a strategy of motivating results and maintaining a competitive edge to attract and retain top talent within a demanding industry.

Year

2020

Total Compensation

$6.15M

Salary

$1.06M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and stockholder interests, while maintaining competitive compensation packages to attract and retain talent.

Bonus

$3.54M

Board Justification

Mr. Silvernail did not receive a bonus payment under the MICP, as he received a separation payment in an equivalent value to his annual bonus.

Other

$1.55M

Board Justification

Includes a separation payment equivalent to the value of the annual bonus Mr. Silvernail would have received had he remained employed by the Company, as well as contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Silvernail forfeited all of his equity-based awards that had not yet vested in connection with his separation from the Company on December 15, 2020.

Performance Metrics

The performance metrics include adjusted EPS, cash flow conversion, organic sales growth, and relative TSR.

Other IDEX CEOs

Here are other CEOs of IDEX

Eric D. Ashleman

CEO of IDEX

December 2020 - Present