David M. Foulkes is the CEO of Brunswick Corporation, a company he has been with since 2007. He has a strong background in engineering with a degree from the University of Michigan, which fits well in a tech-driven industry like...

David M. Foulkes is the CEO of Brunswick Corporation, a company he has been with since 2007. He has a strong background in engineering with a degree from the University of Michigan, which fits well in a tech-driven industry like boating and outdoor products. David took over as CEO on January 1, 2019, after serving as the Chief Technology Officer and other key roles in the company. Under his leadership, Brunswick has focused on new technologies and electric products, including the launch of their Avator electric outboard motors. The company has also been recognized as one of America's best large employers and made significant steps in sustainability. David’s leadership style often emphasizes innovation and adapting to market changes, showing a commitment to maintaining Brunswick's reputation in the marine industry. In 2023, his total compensation was around $10.8 million, mostly from stock awards, reflecting the company's performance and his past positions, but he did not receive any bonuses recently due to performance targets not being met.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Brunswick CEOs

B

David M. Foulkes

CEO of Brunswick

Education

Bachelor's degree in Engineering from the University of Michigan

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

June 1, 1961 - 63 years ago

CEO of Brunswick for

6 years 3 months (Jan 2019 - Present)

Previous Experience

Chief Technology Officer and President, Brunswick Marine Consumer Solutions

Rivals

Competitors/colleagues of David M. Foulkes

L

Lillian Etzkorn

CEO of LCI Industries

2023 Compensation

Stock

$0.00

Salary

$525.00K

Bonus

$0.00

Other

$259.26K

Total Holdings

$1.09M

M

Frederick A. Brightbill

CEO of MasterCraft Boat Holdings, Inc.

2023 Compensation

Stock

$150.00K

Salary

$400.00K

Bonus

$100.00K

Other

$50.00K

Total Holdings

$4.03M

W

Michael J. Happe

CEO of Winnebago Industries

2022 Compensation

Stock

$250.00K

Salary

$800.00K

Bonus

$200.00K

Other

$50.00K

Total Holdings

$18.21M

F

Nicholas I. Fink

CEO of Fortune Brands Innovations

2023 Compensation

Stock

$7.31M

Salary

$1.24M

Bonus

$1.97M

Other

$275.23K

Total Holdings

$19.20M

H

Jochen Zeitz

CEO of Harley-Davidson

2023 Compensation

Stock

$6.50M

Salary

$1.95M

Bonus

$1.50M

Other

$411.65K

Total Holdings

$19.13M

U

Matthew J. Missad

CEO of UFP Industries, Inc.

2023 Compensation

Stock

$3.02M

Salary

$859.99K

Bonus

$1.74M

Other

$55.09K

Total Holdings

$41.82M

Holdings

See how much did David M. Foulkes make over time.

David M. Foulkes has been investing in Brunswick Corporation over the years, reflecting confidence in the company's future. His holdings peaked significantly when he became CEO in 2019, with most of his wealth tied to performance shares and stocks. While...

David M. Foulkes has been investing in Brunswick Corporation over the years, reflecting confidence in the company's future. His holdings peaked significantly when he became CEO in 2019, with most of his wealth tied to performance shares and stocks. While his total compensation was approximately $10.8 million in 2023, it’s important to note that he didn't vest any stock awards this year, primarily because performance goals were missed. As of now, his holdings have fluctuated, indicating a shared risk and investment in the company’s performance. During 2022, stock vests were substantial, valued at over $10 million, demonstrating a potential peak in his wealth from these holdings. Tracking these changes shows how David aligns his financial success with Brunswick's progress, directly impacting his wealth based on the company's performance.

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Total Stock Sold

$4.12M

BC

$4.12M

48,000 BC shares

What if they kept their stock?

If David M. Foulkes didn't sell their stock, today they would have:
Extra BC48,000 shares worth $1.41M.
This is -65.81% and $2.71M less than what they got when they sold the stock.

Charitable Transactions

BC

2,350 shares

BC

Recent Charitable Transactions

BC

1,350 shares

BC

Sep 13, 2022

Charity

BC

1,000 shares

BC

Mar 8, 2021

Charity

Insider Trading

See recent insider trades of David M. Foulkes.

VNT

$175.10K

VNT at $40.30/share

May 28, 2024

Received

BC

$3.05M

BC at $87.11/share

Feb 26, 2024

Sale

BC

$8.54M

BC at $88.09/share

Feb 15, 2024

Received

VNT

$175.00K

VNT at $27.80/share

May 22, 2023

Received

BC

$1.06M

BC at $81.40/share

May 5, 2023

Sale

VNT

1,775 shares

VNT

Mar 1, 2023

Received

BC

$10.17M

BC at $88.45/share

Feb 16, 2023

Received

BC

1,350 shares

BC

Sep 13, 2022

Charity

BC

$11.15M

BC at $95.89/share

Feb 17, 2022

Received

BC

1,000 shares

BC

Mar 8, 2021

Charity

Compensation History

See how much did David M. Foulkes make over time.

In 2023, David M. Foulkes' total compensation as CEO of Brunswick Corporation reached about $10.8 million. His salary stands at roughly $1.16 million, reflecting a stable base that is competitive in the corporate world. Notably, no bonuses were awarded due to performance metrics not being met, which speaks to the company’s strict pay-for-performance philosophy. While in 2022, he experienced a much higher total compensation that included vested stock worth over $10 million, 2023 showed no stock being vested. This variation in his compensation illustrates the challenges of corporate leadership, where pay directly relates to achieving business targets and shareholder value. Other forms of compensation included contributions to retirement plans and allowances for personal use of company aircraft, rounding out a comprehensive executive pay package.

Year

2023

Total Compensation

$1.55M

Salary

$1.16M

Board Justification

The compensation philosophy aims to align executive pay with performance and shareholder interests, emphasizing long-term value creation and competitive compensation.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023 due to performance below targets set for the Brunswick Performance Plan (BPP).

Other

$389.62K

Board Justification

Other compensation includes contributions to defined contribution plans, product program allowances, personal use of company aircraft, and executive physicals.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the amounts reported include only the stock that vested, excluding grants that were not vested.

Performance Metrics

The performance metrics for 2023 included Adjusted Earnings Per Share (EPS), Free Cash Flow (FCF), and division-specific EBIT.

Other Brunswick CEOs

Here are other CEOs of Brunswick

Mark D. Schwabero

Ex-CEO of Brunswick

February 2016 - December 2018