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Eric B. Compton is known for his significant role as the Chief Operating Officer and later, the CEO of Hologic, Inc., a prominent player in the healthcare sector focusing on women's health. Born on June 26, 1968, Compton holds an...

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Eric B. Compton

Ex-CEO of Hologic

Education

MBA from Kennesaw State University

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

June 26, 1968 - 56 years ago

CEO of Hologic for

3 years 8 months (Apr 2014 - Dec 2017)

Previous Experience

Worldwide President, Ortho Clinical Diagnostics at Johnson & Johnson

Holdings

See how much did Eric B. Compton make over time.

During his time at Hologic, Eric B. Compton participated in various stock compensation packages, reflecting his strong belief in performance-based incentives. His most significant stock holdings occurred between 2019 and 2021, where monthly fluctuations showed values typically around $10 million....

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Insider Trading

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HOLX

11,623 shares

HOLX

Nov 7, 2016

Received

HOLX

$20.98K

HOLX at $26.39/share

Nov 20, 2014

Purchase

Compensation History

See how much did Eric B. Compton make over time.

Eric B. Compton had a varied compensation structure during his time at Hologic, focusing on aligning pay with performance. In 2017, he earned over $1.1 million, which included a sizeable bonus based on the company’s financial metrics. He received significant performance-based bonuses, highlighted by a whopping $1.54 million in 2017 alone. Previously, in 2015, his total compensation reached about $2.9 million, showcasing a trend of high performance rewards. Compton's compensation package also included other benefits, such as contributions to retirement plans and allowances, though he didn’t receive guaranteed stock grants during some years. His structure emphasized that top performers are rewarded for driving company success, particularly in the competitive healthcare landscape.

Year

2017

Total Compensation

$3.02M

Salary

$1.05M

Board Justification

The compensation philosophy emphasizes pay for performance, competitive pay, and a focus on total direct compensation, aligning executive compensation with the company's performance and shareholder value.

Bonus

$1.55M

Board Justification

Based on the Company’s financial performance and an assessment of Mr. MacMillan’s performance for fiscal 2017, Mr. MacMillan was awarded a total bonus amount of $1,545,000, which represents 100% of his overall target amount.

Other

$426.96K

Board Justification

Includes contributions to the DCP, matching contributions under the 401(k) Savings and Investment Plan, automobile allowance, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2017 as the focus is on performance-based compensation and long-term incentives.

Performance Metrics

The performance metrics for the CEO's compensation in 2017 included adjusted revenue and adjusted EPS.