Sundar PichaiSundar Pichai earned $164M in 2023
T

Gregory A. Sandfort

Ex-CEO of Tractor Supply Company

Education

Not specified

Field of Expertise

Sales & Marketing - Merchandising

Born

January 1, 1966 - 59 years ago

Economy Sector

Consumer Cyclical

Tenure

6 years 8 months (Dec 2012 - Aug 2019)

Previous Experience

President and Chief Operating Officer of the Company since February 2012, previously served as Chief Merchandising Officer of the Company from November 2007 until February 2012.

Gregory A. Sandfort is the former CEO of Tractor Supply Company, having held the position from 2012 until August 2019. He has a solid background in merchandising, being responsible for the company’s strategy in the retail space. Sandfort’s annual compensation...

Year

2019

Total Compensation

$2.66M

Salary

$1.23M

Board Justification

The compensation philosophy is designed to align executive pay with the Company's financial performance and shareholder interests, focusing on pay-for-performance and competitive compensation based on market analysis.

Bonus

$1.39M

Board Justification

Based on the Company's financial performance for the fiscal year 2019, Mr. Sandfort received a cash bonus calculated as 250% of his base salary, prorated through January 12, 2020, his last day as CEO.

Other

$41.81K

Board Justification

Includes contributions to 401(k), life insurance premiums, and other personal benefits.

Restricted Stock

$0.00(0 RSUs and stock options)

Board Justification

Mr. Sandfort did not receive any new stock grants in 2019; however, all unvested RSUs and options were accelerated and became fully vested upon his retirement.

Performance Metrics

The Company's net income target for fiscal 2019 was $570.9 million, with actual net income of $562.4 million, resulting in a bonus payout of approximately 88.8% of target.