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...

Number of Employees

5.45K

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.

SEC Filing

From March 8, 2024