David B. Powers is the CEO of Eagle Materials, Inc., a leading company in the building materials industry. He took on the role in 2016, after a solid tenure within the company spanning many years. Before becoming CEO, he had...

Number of Employees

2.5K

Year

2023

Total Compensation

$4.43M

Salary

$1.04M

Board Justification

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

Bonus

$2.11M

Board Justification

Annual cash incentive award based on operating earnings and individual performance metrics for fiscal year 2024.

Other

$108.74K

Board Justification

Includes contributions to retirement plans and life insurance premiums.

Restricted Stock

$1.17M(14.39K restricted stock)

Board Justification

Time-vesting restricted stock granted on May 23, 2023, with one-third vesting on March 31, 2024, and the remainder vesting ratably over the next two years.

Performance Metrics

The performance metrics for determining the CEO's compensation include operating earnings, individual performance goals, and sustainability initiatives.

SEC Filing

From June 17, 2024