Sundar PichaiSundar Pichai earned $164M in 2023

Jason D. Lippert has been the CEO of LCI Industries since 2013, but his journey with the company started much earlier. Born in 1981, he graduated with a degree in Business Administration. He became President of Lippert Components in 2003,...

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Jason D. Lippert

Ex-CEO of LCI Industries

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1981 - 44 years ago

CEO of LCI Industries for

20 years 2 months (Feb 2003 - Apr 2023)

Previous Experience

President and Chief Executive Officer of Lippert Components, Inc.

Holdings

See how much did Jason D. Lippert make over time.

As CEO of LCI Industries, Jason Lippert's wealth is closely tied to the performance of his holdings. In 2023, he accumulated vested stock worth approximately $9.3 million, marking a significant aspect of his financial journey. There was a notable increase...

Total Stock Sold

$10.57M

LCII

$10.57M

77,500 LCII shares

What if they kept their stock?

If Jason D. Lippert didn't sell their stock, today they would have:
Extra LCII77,500 shares worth $5.36M.
This is -49.31% and $5.21M less than what they got when they sold the stock.

Charitable Transactions

LCII

6,896 shares

LCII

Recent Charitable Transactions

LCII

6,896 shares

LCII

Mar 12, 2021

Charity

Insider Trading

See recent insider trades of Jason D. Lippert.

LCII

$7.22M

LCII at $114.31/share

Mar 1, 2023

Received

LCII

$1.00M

LCII at $108.00/share

Mar 31, 2022

Purchase

LCII

$1.55M

LCII at $155.00/share

Apr 27, 2021

Sale

LCII

6,896 shares

LCII

Mar 12, 2021

Charity

LCII

$1.51M

LCII at $151.40/share

Feb 22, 2021

Sale

LCII

$1.45M

LCII at $145.01/share

Jan 12, 2021

Sale

LCII

$1.40M

LCII at $140.00/share

Jan 6, 2021

Sale

LCII

$1.35M

LCII at $135.00/share

Dec 18, 2020

Sale

LCII

$650.00K

LCII at $130.00/share

Nov 23, 2020

Sale

LCII

$502.98K

LCII at $83.83/share

Jun 4, 2018

Purchase

Compensation History

See how much did Jason D. Lippert make over time.

Jason D. Lippert's compensation illustrates a commitment not just to his personal success, but also to aligning with the company's overall performance. In 2023, he received a total of $11.5 million, a combination of salary, stock, and other benefits. His base salary was $1.155 million, but he faced no bonus payout, reflecting a challenging performance year where the set targets were not met. The earlier years tell a different story, especially in 2022, when he earned a whopping $2.6 million in bonuses due to exceeding performance targets. His total compensation has significantly varied over the years, peaking at over $12.4 million in 2017 because of strong performance metrics. His pay-for-performance strategy highlights the focus on tying executive pay directly to the company's financial outcomes.

Year

2023

Total Compensation

$10.79M

Salary

$1.16M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and market competitiveness.

Bonus

$0.00

Board Justification

No cash incentive payout due to not achieving threshold performance under the 2023 Annual Incentive Plan (AIP).

Other

$317.86K

Board Justification

Includes health insurance, 401(k) matching contributions, and other perquisites.

Restricted Stock

$9.32M(81.52K RSU)

Board Justification

Vested stock awards include time-based RSUs and PSUs earned based on performance metrics from previous years.

Performance Metrics

Adjusted EBIT was the primary performance metric for the 2023 AIP, with a target set at $303 million.

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