Grant E. Fitz is the Chief Financial Officer and Executive Vice President of Myers Industries, Inc., having joined the company on May 8, 2023. He brings a wealth of experience from notable previous roles, including positions as CFO at Xerox...

Grant E. Fitz is the Chief Financial Officer and Executive Vice President of Myers Industries, Inc., having joined the company on May 8, 2023. He brings a wealth of experience from notable previous roles, including positions as CFO at Xerox and Valassis Communications. Fitz has demonstrated a strong capability to drive financial performance, evidenced by earning a bonus tied to adjusted EBITDA targets that tracks the company's financial health. As of 2024, he has made significant movements in insider trading, reflecting his ongoing investment in the company. In his first year at Myers, he earned total compensation of about $860,407, which included his salary and a performance-based bonus. Notably, he received a one-time stock award in recognition of his transition to Myers, which aims to align his interests with those of the shareholders. Despite the challenging market, he has remained a central figure in positioning Myers for future growth, focusing on long-term financial strategies.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Myers Industries CEOs

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Grant E. Fitz

Ex-CEO of Myers Industries

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

January 1, 1962 - 63 years ago

CEO of Myers Industries for

1 year 7 months (May 2023 - Jan 2025)

Previous Experience

Chief Financial Officer and Chief Operating Officer of EFI

Rivals

Competitors/colleagues of Grant E. Fitz

Holdings

See how much did Grant E. Fitz make over time.

In 2024, Grant E. Fitz actively traded shares in Myers Industries, with notable transactions occurring each month, showing his commitment to the company's growth. In May, he recorded a trade valued at $488.84K, followed by $456.59K in June and $431.70K...

In 2024, Grant E. Fitz actively traded shares in Myers Industries, with notable transactions occurring each month, showing his commitment to the company's growth. In May, he recorded a trade valued at $488.84K, followed by $456.59K in June and $431.70K in July. This pattern of trading reflects not only confidence in the company’s trajectory but also a strategy to actively manage his holdings. He continued this trend into August and September, with trades valued at $444.90K and $430.23K respectively. His holdings appear to be fluctuating, indicating he is closely monitoring the company's performance and making strategic decisions based on market conditions.

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Insider Trading

See recent insider trades of Grant E. Fitz.

No insider trades found for this CEO.

Compensation History

See how much did Grant E. Fitz make over time.

In 2023, Grant E. Fitz earned a total compensation of $860,407 as CFO of Myers Industries, which included a base salary of $604,615 and a performance-related bonus of $237,244 based on meeting EBITDA targets. His role is designed to align with shareholder interests, promoting a culture of performance-driven results. As part of his initial compensation package when joining Myers, he also received a one-time grant of service-based restricted stock units valued at $600,000, vesting over three years. This reflects his importance to the company and provides additional motivation to enhance long-term shareholder value. The company’s compensation philosophy is built around attracting and retaining top talent while being linked to financial milestones, which plays a crucial role in the company’s strategic objectives.

Year

2023

Total Compensation

$857.41K

Salary

$604.62K

Board Justification

The compensation philosophy aims to attract and retain talented executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$237.24K

Board Justification

Earned based on achieving targeted levels of adjusted EBITDA for the Company’s 2023 financial plan, pro-rated for his period of employment during 2023.

Other

$15.55K

Board Justification

Includes temporary housing reimbursement for the first 12 months after his start date in 2023.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023 as the stock awards are structured to vest over multiple years.

Performance Metrics

The primary performance metric for the annual bonus was adjusted EBITDA, with a target of $108 million.

Other Myers Industries CEOs

Here are other CEOs of Myers Industries

Michael McGaugh

Ex-CEO of Myers Industries

April 2020 - April 2023

Aaron M. Schapper

CEO of Myers Industries

January 2025 - Present