David King is the CEO of Arts-Way Manufacturing, having taken the role in July 2020 after serving as the CEO of Primoris Services from 2015 to 2019. He has a solid educational background with a Bachelor's in Mechanical Engineering from...

David King is the CEO of Arts-Way Manufacturing, having taken the role in July 2020 after serving as the CEO of Primoris Services from 2015 to 2019. He has a solid educational background with a Bachelor's in Mechanical Engineering from Texas Tech University and an MBA from the University of Texas. King has spent over 25 years in management roles, particularly in the engineering field, where he built expertise in both sales and operations within the agricultural and energy sectors. His journey started at CB&I, where he gained experience managing large, energy-related projects. Under his leadership, Arts-Way Manufacturing is looking to solidify its position in the market, focusing on innovation and customer solutions. Interestingly, his compensation saw a significant jump from under $2.6 million in 2022 to over $7 million in 2023, driven largely by performance metrics. This reflects a strong performance alignment in his leadership approach. King's vision combines technical knowledge with market trends to drive the company forward. Whether through strategic planning or understanding the intricacies of engineering products, his role is about navigating the complexities of the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Arts-Way Manufacturing CEOs

A

David King

CEO of Arts-Way Manufacturing

Education

Bachelor's degree in Mechanical Engineering from Texas Tech University, MBA from the University of Texas, Tyler, and an Advanced Executive Management Degree from Insead University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1957 - 68 years ago

CEO of Arts-Way Manufacturing for

4 years 8 months (Jul 2020 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of David King

Holdings

See how much did David King make over time.

As of 2023, David King's stock holdings in Primoris Services Corporation were quite significant, especially considering he has been with the company since 2015. In 2023, he held over 24,690 shares in vested stock, which translated to a value of...

As of 2023, David King's stock holdings in Primoris Services Corporation were quite significant, especially considering he has been with the company since 2015. In 2023, he held over 24,690 shares in vested stock, which translated to a value of about $703,029. This was a stark increase from his 2022 holdings, which were noticeably low at zero due to no vesting that year. His stock awards have fluctuated throughout his career, peaking in value during times of market performance. In 2017, for instance, he had shares worth approximately $1.15 million following a particularly favorable performance period. These fluctuations illustrate his commitment to the company's success and highlight the risks and rewards that come with being at the top.

Mar 18, 2025

P

shares

PRIM @ $63.64

Total Stock Sold

$2.18M

PRIM

$2.18M

71,170 PRIM shares

What if they kept their stock?

If David King didn't sell their stock, today they would have:
Extra PRIM71,170 shares worth $1.16M.
This is -47.06% and $1.03M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David King.

PRIM

$167.96K

PRIM at $83.98/share

Dec 2, 2024

Sale

PRIM

$152.28K

PRIM at $76.14/share

Nov 6, 2024

Sale

PRIM

686 shares

PRIM

Oct 30, 2024

Received

PRIM

615 shares

PRIM

Jul 31, 2024

Received

PRIM

$132.15K

PRIM at $52.86/share

Jun 14, 2024

Sale

PRIM

800 shares

PRIM

May 1, 2024

Received

PRIM

$101.71K

PRIM at $40.69/share

Mar 13, 2024

Sale

PRIM

998 shares

PRIM

Feb 21, 2024

Received

PRIM

$154.06K

PRIM at $30.81/share

Nov 9, 2023

Sale

PRIM

975 shares

PRIM

Nov 2, 2023

Received

Compensation History

See how much did David King make over time.

David King's compensation for 2023 reached an impressive $7,004,628, a noticeable rise from $2,585,877 in 2022. This increase was due to a combination of his base salary of $890,769, a large annual performance bonus of $1,068,923 aimed at hitting specific performance targets such as net income and safety metrics, alongside vested stock from the Long-Term Incentive Plan. In 2023, he also benefited from additional compensation totaling approximately $145,744 for auto allowances and healthcare benefits. His compensation philosophy seeks to ensure the interests of executives align with those of shareholders, balancing high-performance incentives without encouraging excessive risk. Over the years, his compensation has consistently reflected the company's growth and his leadership effectiveness.

Year

2023

Total Compensation

$2.81M

Salary

$890.77K

Board Justification

The compensation philosophy aims to align executive compensation with the company's performance and shareholder interests, focusing on both short-term and long-term growth without encouraging excessive risk-taking.

Bonus

$1.07M

Board Justification

The annual incentive plan (AIP) for 2023 was based on performance metrics including net income, new business generated, cash management, and safety performance. The AIP target was 120% of base salary, resulting in a target bonus of $1,068,923, with an actual payout of $717,720 based on performance achievement.

Other

$145.74K

Board Justification

Other compensation includes auto allowance, personal use of company airplane, company-paid healthcare benefits, and contributions to the employee 401(k) savings account.

Restricted Stock

$703.03K(24.69K RSU)

Board Justification

The stock awards that vested in 2023 were primarily from the Long-Term Incentive Plan (LTIP), which includes Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). The vested stock represents the shares acquired upon completion of the performance period and continued service.

Performance Metrics

The performance metrics for the AIP included net income, new business generated, cash management, and safety performance.

Other Arts-Way Manufacturing CEOs

Here are other CEOs of Arts-Way Manufacturing

Michael Woods

CEO of Arts-Way Manufacturing

February 2020 - Invalid Date

Marc H. McConnell

CEO of Arts-Way Manufacturing

October 2024 - Present