Frank C. Sullivan is the CEO and Chairman of RPM International, Inc., a company he has been part of for a long time since 2008. He started his career at RPM as a Regional Sales Manager after gaining valuable experience...

Current Market Cap

$17.36B

Number of Employees

17.21K

Total Compensation

2019 - 2023

Trending down by -50.63% last year
Showing total compensation for the last 2019 - 2023

Stock

Down by -68.26% last year

Salary

Up by 7.04% last year

Bonus

Up by 0.00% last year

Other

Up by 5.29% last year

Year

2023

Total Compensation

$2.59M

Salary

$1.07M

Board Justification

The Company’s general compensation philosophy is performance-based, ensuring that executive officers are well compensated for achieving strong operating and financial results that contribute to enhanced stockholder value.

Bonus

$0.00

Board Justification

No bonuses were awarded to our named executive officers during fiscal 2024, fiscal 2023 or fiscal 2022, although the named executive officers did receive cash awards under our Incentive Plan.

Other

$250.54K

Board Justification

Other compensation includes matching contributions under the 401(k), automobile allowance, life insurance premiums, matched charitable contributions, and financial consulting fees.

Restricted Stock

$1.27M(11.14K PERS)

Board Justification

Mr. Sullivan received 11,140 Performance Earned Restricted Stock (PERS) for fiscal 2024, which is contingent upon the level of attainment of performance goals for the fiscal year.

Performance Metrics

The performance metrics include EBIT margin and working capital ratio, which are critical for determining the compensation under the PERS.

SEC Filing

From August 22, 2024