Eric S. Langan has been the CEO and President of RCI Hospitality Holdings, Inc. since 1999, and he's made a big impact in the hospitality industry. Born in 1972, his journey started early on, leading to a focus on management....

Eric S. Langan has been the CEO and President of RCI Hospitality Holdings, Inc. since 1999, and he's made a big impact in the hospitality industry. Born in 1972, his journey started early on, leading to a focus on management. Eric's leadership is marked by consistent compensation growth; in 2023, he earned $1,867,388, with a significant salary of $1,700,000. What's notable is that he often does not receive bonuses or stock awards, which shows a unique approach to executive compensation. He's committed to ongoing success, with a long-term employment agreement that emphasizes confidentiality and a competitive stance. Over the years, his company has seen a steady increase in insider trading values—peaking at approximately $65.39 million in January 2023. Eric’s insider trading activity suggests he has a significant stake in the success of RCI Hospitality, which reflects a solid alignment with shareholders. His experience and focus on operational performance make him a pivotal figure in the industry, establishing a strong foundation for the company's growth and market presence.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

R

Eric S. Langan

CEO of RCI Hospitality Holdings

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1972 - 53 years ago

CEO of RCI Hospitality Holdings for

26 years 1 month (Mar 1999 - Present)

Previous Experience

President of X.T.C. Cabaret, Inc.

Rivals

Competitors/colleagues of Eric S. Langan

Holdings

See how much did Eric S. Langan make over time.

Eric S. Langan's holdings are significant and reflect his confidence in RCI Hospitality Holdings. In January 2023, his insider trading value peaked at $65.39 million, with a steady decline afterward, showing fluctuations in company performance and market sentiment. Despite ups...

Eric S. Langan's holdings are significant and reflect his confidence in RCI Hospitality Holdings. In January 2023, his insider trading value peaked at $65.39 million, with a steady decline afterward, showing fluctuations in company performance and market sentiment. Despite ups and downs, he consistently holds a large stake in the company, aligning his interests with shareholders. This stake is not just a number; it ties directly to the company's operational success, influencing both performance metrics and his focused management strategies. Such substantial value in his holdings indicates a strong belief in the long-term vision and growth potential of RCI Hospitality Holdings. It’s important to note that throughout the years, Langan's strategy has shown resilience, as he navigates market challenges while maintaining a significant personal investment in RICK.

Total Stock Sold

$81.36K

RICK

$81.36K

1,870 RICK shares

What if they kept their stock?

If Eric S. Langan didn't sell their stock, today they would have:
Extra RICK1,870 shares worth $19.35K.
This is -76.21% and $62.01K less than what they got when they sold the stock.

Charitable Transactions

RICK

11,000 shares

RICK

Recent Charitable Transactions

RICK

11,000 shares

RICK

Apr 6, 2018

Charity

Insider Trading

See recent insider trades of Eric S. Langan.

RICK

$50.54K

RICK at $50.54/share

Feb 12, 2025

Purchase

RICK

$81.35K

RICK at $43.50/share

Aug 20, 2024

Sale

RICK

$54.54K

RICK at $54.54/share

Mar 15, 2024

Purchase

RICK

$58.50K

RICK at $58.50/share

May 16, 2022

Purchase

RICK

$78.62K

RICK at $78.62/share

Dec 30, 2021

Purchase

RICK

11,000 shares

RICK

Apr 6, 2018

Charity

RICK

$56.19K

RICK at $18.73/share

May 12, 2017

Purchase

RICK

$4.50K

RICK at $10.46/share

Jun 13, 2016

Purchase

RICK

$49.88K

RICK at $10.78/share

May 13, 2016

Purchase

RICK

$13.64K

RICK at $9.25/share

Mar 17, 2016

Purchase

Compensation History

See how much did Eric S. Langan make over time.

Eric Langan's compensation reflects a clear strategy that prioritizes base salary over bonuses or stock options. For 2023, his total compensation was $1,867,388, with a salary of $1,700,000 but without any bonuses or stock awards. This pattern has been consistent for years, with no bonuses reported in recent years, indicating a unique approach that focuses on stable, predictable income. His long history with RCI Hospitality since 1999 points to a deep understanding of the company and the hospitality industry. The absence of stock grants might suggest a focus on immediate operational performance rather than long-term speculative gains. His compensation package includes benefits and allowances that enhance his role without tying his rewards too closely to stock market fluctuations, which could be seen as a rational strategy in his leadership style.

Year

2023

Total Compensation

$1.87M

Salary

$1.70M

Board Justification

The compensation philosophy emphasizes alignment of executive compensation with company performance and stockholder value, aiming to attract and retain key executives while rewarding their contributions to the company's success.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2023.

Other

$167.39K

Board Justification

Includes SIMPLE IRA matching contributions, automobile expenses, and personal use of aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2023.

Performance Metrics

The performance metrics for determining compensation include individual contributions to strategic objectives and overall company performance.