Sundar PichaiSundar Pichai earned $164M in 2023

David W. Grzebinski is the President and CEO of Kirby Corporation, a role he has held since April 29, 2014. Under his leadership, the company has shown strong financial and operational performance, earning him a bonus of $2.05 million in...

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David W. Grzebinski

CEO of Kirby Corporation

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of Kirby Corporation for

10 years 11 months (Apr 2014 - Present)

Previous Experience

Unknown

Holdings

See how much did David W. Grzebinski make over time.

David W. Grzebinski has significantly increased his stock holdings at Kirby Corporation over the last few years. In August 2021, his holdings were valued at approximately $3.33 million. Fast forward to May 2024, and that figure has climbed to around...

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Total Stock Sold

$10.02M

KEX

$10.02M

108,992 KEX shares

What if they kept their stock?

If David W. Grzebinski didn't sell their stock, today they would have:
Extra KEX108,992 shares worth $5.07M.
This is -49.39% and $4.95M less than what they got when they sold the stock.

Charitable Transactions

KEX

5,000 shares

KEX

Recent Charitable Transactions

KEX

1,000 shares

KEX

Dec 28, 2023

Charity

KEX

1,000 shares

KEX

Jun 6, 2023

Charity

KEX

3,000 shares

KEX

Feb 16, 2022

Charity

Insider Trading

See recent insider trades of David W. Grzebinski.

KEX

$3.18M

KEX at $120.46/share

Sep 16, 2024

Sale

KEX

$360.93K

KEX at $120.31/share

Jun 26, 2024

Sale

KEX

$1.54M

KEX at $85.44/share

Feb 12, 2024

Sale

KEX

$593.04K

KEX at $84.72/share

Feb 6, 2024

Sale

KEX

1,000 shares

KEX

Dec 28, 2023

Charity

KEX

$307.12K

KEX at $76.78/share

Dec 1, 2023

Sale

KEX

$402.70K

KEX at $80.54/share

Oct 3, 2023

Sale

KEX

$2.21M

KEX at $83.03/share

Sep 6, 2023

Sale

KEX

$417.80K

KEX at $83.56/share

Sep 1, 2023

Sale

KEX

$306.76K

KEX at $76.69/share

Jul 3, 2023

Sale

Compensation History

See how much did David W. Grzebinski make over time.

In 2023, David W. Grzebinski received total compensation of about $7.23 million from Kirby Corporation. This includes a salary of $1.03 million and a bonus of $2.05 million, earned after achieving 172.4% of his performance targets. He also received $2.57 million in restricted stock units (RSUs), which are set to vest over time as part of his long-term compensation strategy. In previous years, his total compensation has varied, peaking at $6.46 million in 2022. The structure of his pay emphasizes performance, incentivizing Grzebinski to align his efforts with the company’s success and shareholder interests. This approach highlights Kirby's competitive stance in the market and Grzebinski's role in driving the company forward.

Year

2023

Total Compensation

$6.12M

Salary

$1.03M

Board Justification

The compensation philosophy focuses on pay-for-performance, aligning executive compensation with the company's financial and operational performance, and ensuring competitiveness in the market.

Bonus

$2.05M

Board Justification

Earned at 172.4% of target under the annual incentive program based on strong financial and operational performance in 2023.

Other

$457.14K

Board Justification

Includes cash retention awards, automobile allowance, 401(k) match, and other benefits.

Restricted Stock

$2.58M(32.86K RSU)

Board Justification

Restricted Stock Units (RSUs) awarded on February 1, 2023, vesting 20% annually, with the total RSUs granted valued at $2,370,192.

Performance Metrics

Key performance metrics include EBITDA, Return on Total Capital, and Earnings per Share, which directly influence the annual and long-term incentive compensation.