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J. D. Messinger, a seasoned leader in the business world, has a Bachelor's degree in Business Administration from the University of Florida. He became CEO of MasTec, a major infrastructure company, overseeing significant projects across the U.S. Under his leadership,...

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J. D. Messinger

Ex-CEO of MasTec

Education

Bachelor's degree in Business Administration from the University of Florida

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1948 - 77 years ago

CEO of MasTec for

2 years 3 months (Sep 2011 - Jan 2014)

Previous Experience

Various senior management roles in the telecommunications industry.

Holdings

See how much did J. D. Messinger make over time.

J. D. Messinger's holdings in MasTec show impressive growth. In May 2021, his wealth in stock peaked at $1.15 billion, displaying a strong belief in the company's direction. However, there were fluctuations; in early 2020, values dropped as low as...

Insider Trading

See recent insider trades of J. D. Messinger.

No insider trades found for this CEO.

Compensation History

See how much did J. D. Messinger make over time.

In 2014, J. D. Messinger's total compensation was about $3.4 million. His salary was $980,000, showing a steady income. However, performance bonuses were not awarded that year, likely due to not hitting targets. Instead, most of his compensation consisted of vested stock worth around $2.61 million. This structure suggests that his financial success is closely tied to MasTec's performance. His compensation strategy aligns with modern practices focused on long-term growth rather than immediate payouts. This approach helps to motivate executives to drive company growth sustainably.

Year

2014

Total Compensation

$3.61M

Salary

$980.00K

Board Justification

MasTec's compensation philosophy aims to attract, motivate, and retain talented executives while aligning their interests with long-term shareholder value.

Bonus

$0.00

Board Justification

The CEO's annual incentive compensation is based on performance metrics, but no cash bonus was awarded in 2014.

Other

$18.27K

Board Justification

Includes car lease allowance, matching contributions to the 401(k) plan, and imputed benefits from a split dollar life insurance policy.

Restricted Stock

$2.61M(115.46K common stock)

Board Justification

The stock awarded on December 19, 2014, which vests over three years, was included in the total compensation for 2014.

Performance Metrics

The performance metrics for 2014 included revenue growth and EBITDA performance.