Sundar PichaiSundar Pichai earned $164M in 2023

Brian B. McGarry is the CEO of Graphic Packaging Holding Company (GPK), a role he has held since 2022. Under his leadership, the company emphasizes aligning executive incentives with shareholder interests, which means that the higher the company's performance, the...

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Brian B. McGarry

CEO of Graphic Packaging Holding

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1970 - 55 years ago

CEO of Graphic Packaging Holding for

3 years 3 months (Jan 2022 - Present)

Previous Experience

Former President of the Company.

Holdings

See how much did Brian B. McGarry make over time.

Brian B. McGarry's holdings show significant variations, particularly with vested stock grants. In 2022, he received approximately 20,000 shares worth about $400,000, but in 2023, that number grew remarkably with new grants of around 205,157 shares valued at around $5,320,000....

Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Brian B. McGarry make over time.

Brian B. McGarry's compensation in 2023 amounted to $1,863,014, which included a base salary of $1,316,300 and notable stock compensation. Notably, he didn't receive a bonus for 2023, a shift from the prior year when he was awarded a $500,000 bonus based on the company's performance. The vested stock comprised Performance Restricted Stock Units (RSUs) that were earned through meeting specific company performance goals, emphasizing a pay-for-performance philosophy that makes sure executives are driving the company toward success. This method of compensation aligns with viewer expectations of accountability and excellence. While his total earnings seem substantial, they are structured to reward actual company performance, rather than just tenure. The lack of a bonus this year suggests a shift in focus, possibly indicating the company’s conservative approach to immediate financial incentives, favoring long-term growth and stability instead.

Year

2023

Total Compensation

$7.18M

Salary

$1.32M

Board Justification

The company emphasizes pay for performance, aligning executive interests with those of shareholders, and aims to attract and retain high-performing executives.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$540.71K

Board Justification

This includes contributions to the 401(k) Plan and NQDCP, as well as other benefits.

Restricted Stock

$5.32M(205.16K RSU)

Board Justification

The number of Service RSUs granted to Mr. Doss in 2023 that vested at the end of the year.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Adjusted EBITDA and Cash Flow Before Debt Reduction.

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