Sundar PichaiSundar Pichai earned $164M in 2023

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...

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David B. Powers

Ex-CEO of Eagle Materials

Education

B.A. in Business Administration from California State University, Fullerton

Sector of Economy

Basic Materials

Born

December 10, 1950 - 74 years ago

CEO of Eagle Materials for

3 years 10 months (Mar 2016 - Feb 2020)

Previous Experience

Executive Vice President - Gypsum and President of American Gypsum Company

Holdings

See how much did David B. Powers make over time.

David B. Powers has seen significant fluctuations in his stock holdings during his time as CEO of Eagle Materials. His stock options reached a high valuation of about $16.10 million at one point, demonstrating his strong alignment with the company's...

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Total Stock Sold

$26.98M

EXP

$26.98M

308,276 EXP shares

What if they kept their stock?

If David B. Powers didn't sell their stock, today they would have:
Extra EXP308,276 shares worth $16.88M.
This is -37.43% and $10.10M less than what they got when they sold the stock.

Charitable Transactions

EXP

48,840 shares

EXP

Recent Charitable Transactions

EXP

46,840 shares

EXP

Feb 4, 2021

Charity

EXP

1,000 shares

EXP

Mar 4, 2019

Charity

EXP

1,000 shares

EXP

May 10, 2016

Charity

Insider Trading

See recent insider trades of David B. Powers.

EXP

478 shares

EXP

Aug 1, 2024

Received

EXP

$2.16M

EXP at $240.38/share

Feb 7, 2024

Sale

EXP

655 shares

EXP

Aug 7, 2023

Received

EXP

$728.70K

EXP at $147.48/share

Feb 8, 2023

Sale

EXP

978 shares

EXP

Aug 5, 2022

Received

EXP

$1.85M

EXP at $154.19/share

Aug 12, 2021

Sale

EXP

874 shares

EXP

Aug 3, 2021

Received

EXP

$3.47M

EXP at $117.08/share

Feb 4, 2021

Sale

EXP

46,840 shares

EXP

Feb 4, 2021

Charity

EXP

46,840 shares

EXP

Feb 4, 2021

Charity

Compensation History

See how much did David B. Powers make over time.

In 2023, David B. Powers received a total compensation package of $8.26 million, showcasing the company's pay-for-performance philosophy. His base salary was $1.04 million, but most of his total came from a cash bonus of $2.11 million, reflecting the company's strong operating earnings. Additionally, Powers earned significant value from vested stock grants worth $1.17 million. The year's compensation also included contributions to retirement plans, totaling about $109 thousand. Notably, these compensation components are closely tied to performance metrics that evaluate both the company's success and individual contributions, ensuring that his interests align with those of the shareholders. This means that if the company does well, he does well, which keeps the leadership focused on driving performance.

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.