David Sedgwick is the President and CEO of CareTrust REIT, Inc., a company he joined in 2014. With a Bachelor's degree in Finance from Brigham Young University and an MBA from the University of Southern California, David has built a...

Current Market Cap

$4.42B

Number of Employees

17

Total Compensation

2022 - 2023

Trending up by 47.67% last year
Showing total compensation for the last 2022 - 2023

Stock

Up by 74.45% last year

Salary

Up by 14.29% last year

Bonus

Up by 44.03% last year

Other

Up by 8.20% last year

Year

2023

Total Compensation

$4.49M

Salary

$800.00K

Board Justification

The compensation philosophy aims to align executive compensation with the Company’s corporate strategies, business objectives, and the creation of long-term value for stockholders, while avoiding excessive risk-taking.

Bonus

$1.83M

Board Justification

The annual cash incentive bonus target was set at 150% of his annual base salary, based on performance metrics including NFFO per share, capital deployment, average net debt to normalized run rate EBITDA, and ESG incentives.

Other

$9.90K

Board Justification

Other compensation includes 401(k) plan Company matching contributions.

Restricted Stock

$1.85M(85.6K RSU)

Board Justification

The stock that vested in 2023 includes restricted stock awards that were granted in prior years and met performance conditions for vesting.

Performance Metrics

The performance metrics for 2023 included NFFO per share, capital deployment, average net debt to normalized run rate EBITDA, and ESG incentives.

SEC Filing

From March 8, 2024