Gary Friedman is the CEO of Restoration Hardware (RH) since 2014, having played a key role in transforming the company into a leading luxury home brand. Before this, he built his reputation as a retail expert working for Williams-Sonoma for...

Gary Friedman is the CEO of Restoration Hardware (RH) since 2014, having played a key role in transforming the company into a leading luxury home brand. Before this, he built his reputation as a retail expert working for Williams-Sonoma for over 14 years, where he was President and COO. He was instrumental in turning Pottery Barn from a small business into a billion-dollar brand. Gary started as a stock-boy at Gap and steadily climbed the ranks, managing over 63 stores at one point. Since joining RH, he has focused on growing the brand’s identity and market presence, emphasizing quality and design. In 2023, his total compensation was reported at around $1.29 million, which includes his base salary but no bonuses or stock options due to unmet performance targets. He has a significant stake in the company, holding about 20.8% of its stock, which shows his strong belief in RH's future. His insider trading data shows fluctuations in stock worth, peaking around $1.26 billion in July 2021 before settling at about $828 million in September 2024. He believes in aligning company performance with shareholder interests while pushing for long-term value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

R

Gary Friedman

CEO of Restoration Hardware

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Cyclical

Born

January 1, 1965 - 60 years ago

CEO of Restoration Hardware for

11 years 9 months (Jul 2013 - Present)

Previous Experience

Worked for Williams-Sonoma, Inc. in various capacities including President and Chief Operating Officer.

Rivals

Competitors/colleagues of Gary Friedman

Holdings

See how much did Gary Friedman make over time.

As of late 2024, Gary Friedman’s holdings are substantial, totaling around $828.87 million. His most significant wealth came in July 2021, when his shares were valued at approximately $1.26 billion. Over time, the value of his holdings has fluctuated, reaching...

As of late 2024, Gary Friedman’s holdings are substantial, totaling around $828.87 million. His most significant wealth came in July 2021, when his shares were valued at approximately $1.26 billion. Over time, the value of his holdings has fluctuated, reaching highs of over $1 billion in early 2021 before decreasing in subsequent years. Gary owns about 20.8% of RH, highlighting his commitment to the company. His trading history shows a rise in value amid strong business performance, indicating a solid belief in the company's potential. However, his wealth in stocks now remains significantly lower than at its peak, reflecting the volatility of the market and company performance. Overall, his stock ownership emphasizes his vested interest in the brand he has helped shape.

Mar 18, 2025

R

shares

RH @ $221.84

Total Stock Sold

$1.50B

RH

$1.50B

5,779,790 RH shares

What if they kept their stock?

If Gary Friedman didn't sell their stock, today they would have:
Extra RH5,779,790 shares worth $648.95M.
This is -56.82% and $853.80M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gary Friedman.

RH

$10.01M

RH at $216.38/share

Jun 25, 2024

Purchase

RH

$49.08M

RH at $262.17/share

Dec 14, 2022

Sale

RH

$71.17M

RH at $262.39/share

Dec 13, 2022

Sale

RH

$55.55M

RH at $256.40/share

Dec 12, 2022

Sale

RH

$568.25M

RH at $324.72/share

Mar 31, 2022

Sale

RH

$271.60M

RH at $324.41/share

Apr 4, 2022

Sale

RH

$296.24M

RH at $324.54/share

Mar 31, 2022

Sale

RH

$41.69M

RH at $232.10/share

Dec 11, 2019

Sale

RH

$75.70M

RH at $236.28/share

Dec 9, 2019

Sale

RH

$999.91K

RH at $131.19/share

Sep 13, 2018

Purchase

Compensation History

See how much did Gary Friedman make over time.

In 2023, Gary Friedman received a total compensation of $1,292,948, which includes a salary of $1,250,000. Notably, he did not earn any bonuses or stock grants that year because the company did not meet performance targets. This is a pattern; in previous years, his bonuses have fluctuated greatly based on RH's financial performance. For example, in 2022, his total compensation was about $2.84 million, which included a substantial bonus of $1.56 million due to better business outcomes. Despite the ups and downs, Gary's pay reflects a compensation philosophy that aligns with long-term company success, focusing more on actual performance rather than guaranteed payouts. His current compensation structure prioritizes being accountable for RH's growth, which he has directly influenced as CEO.

Year

2023

Total Compensation

$1.29M

Salary

$1.25M

Board Justification

The compensation philosophy emphasizes alignment with company performance and shareholder interests, focusing on long-term stock price appreciation as a key performance metric.

Bonus

$0.00

Board Justification

No bonuses were awarded under the Leadership Incentive Program for fiscal 2023 due to not meeting performance objectives.

Other

$42.95K

Board Justification

Includes a car allowance of $12,000 and $30,948 in income imputed related to personal use of corporate aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were made to Mr. Friedman in fiscal 2023; all stock options are subject to performance-based restrictions and have not vested.

Performance Metrics

The performance metric for the Leadership Incentive Program was based on Adjusted Income, which was not achieved, resulting in no bonuses for fiscal 2023.