Jay Grinney is the former CEO of Encompass Health Corporation, where he served from 2004 until the end of 2016. He holds an MBA from Washington University in St. Louis and has extensive experience in the healthcare industry. Under his...

Jay Grinney is the former CEO of Encompass Health Corporation, where he served from 2004 until the end of 2016. He holds an MBA from Washington University in St. Louis and has extensive experience in the healthcare industry. Under his leadership, the company improved its performance metrics significantly, which directly impacted his compensation, reflecting the company's success. In 2016 alone, Grinney earned a total compensation of nearly $2 million, including a substantial bonus based on performance. He was able to redefine compensation structures to align with the interests of shareholders. During Grinney's tenure, he played a key role in turning around the company after facing challenges from previous management, reclaiming its market position as a leader in rehabilitation services. Interestingly, he participated in equity ownership guidelines that incentivized senior management to align more closely with shareholder interests. Grinney's employment was governed by a detailed agreement that focused on performance metrics like Adjusted EBITDA and allowed for significant severance benefits if terminated without cause. His strategic vision was essential when navigating the complexities of the healthcare sector and making critical decisions during a pivotal time for Encompass Health Corporation.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Encompass Health Corporation CEOs

E

Jay Grinney

Ex-CEO of Encompass Health Corporation

Education

MBA from Washington University in St. Louis

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Healthcare

Born

May 10, 1951 - 73 years ago

CEO of Encompass Health Corporation for

12 years 7 months (May 2004 - Dec 2016)

Previous Experience

Various leadership roles at HCA and other healthcare companies

Rivals

Competitors/colleagues of Jay Grinney

Holdings

See how much did Jay Grinney make over time.

Jay Grinney's holdings primarily included shares in Encompass Health Corporation, which he significantly benefited from as his tenure progressed. Particularly in 2012, he realized a huge gain with vested stock awards valued at over $8.25 million, reflecting his growing wealth...

Jay Grinney's holdings primarily included shares in Encompass Health Corporation, which he significantly benefited from as his tenure progressed. Particularly in 2012, he realized a huge gain with vested stock awards valued at over $8.25 million, reflecting his growing wealth linked to the company's performance. Over the years, he fluctuated between holding many shares and more cash incentives, but by 2016, he also capitalized on his vested stock that contributed greatly to his overall net worth. At his peak, Grinney’s influence on share prices was evident, as the company's turnaround gained momentum under his leadership, showing how an effective CEO can directly impact shareholder value. It’s interesting to note that during his time, he adhered to strict equity ownership guidelines, ensuring his financial interests were tightly aligned with those of the company. These mechanisms defined his financial ecosystem, demonstrating a clear connection between leadership decisions and shareholder returns.

Loading...

Insider Trading

See recent insider trades of Jay Grinney.

No insider trades found for this CEO.

Compensation History

See how much did Jay Grinney make over time.

Throughout his time at Encompass Health, Jay Grinney's compensation reflected his performance and the company’s recovery. In 2016, he earned around $1 million in salary with a bonus of nearly $950,000 based on key performance indicators like Adjusted EBITDA. His total direct compensation for that year was close to $2 million, exclusive of stock grants which significantly boosted his earnings in prior years. The compensation structure emphasized aligning executive pay with company performance, tying bonuses to specific corporate goals and metrics that drove financial success. Over the years, his earnings varied, peaking significantly in years where performance metrics were met or exceeded. Back in 2014, for instance, his total compensation in one year reached over $7 million, primarily due to stock awards vesting that leveraged the company’s successes. Grinney's ability to tie his financial rewards to the company's outcomes showed a solid model for executive compensation.

Year

2016

Total Compensation

$8.97M

Salary

$1.00M

Board Justification

The compensation philosophy aims to align management's interests with those of long-term stockholders, correlating compensation with corporate performance and establishing financial and operational goals.

Bonus

$948.80K

Board Justification

The bonus was based on performance metrics including Adjusted EBITDA and individual objectives, with a total payout of $948,800 for the year 2016.

Other

$0.00

Board Justification

Restricted Stock

$7.02M(199.81K RSU)

Board Justification

The stock awards that vested in 2016 were based on performance metrics achieved during the 2014-2015 performance period, with the total value realized being $7,019,709.

Performance Metrics

The performance metrics included Adjusted EBITDA and a Quality Scorecard focusing on various quality measures.

Other Encompass Health Corporation CEOs

Here are other CEOs of Encompass Health Corporation

Mark J. Tarr

CEO of Encompass Health Corporation

December 2016 - Present