Jon Vander Ark is the CEO of Republic Services, a major player in the waste management game. He stepped into the CEO role in June 2021 after working his way up from Chief Marketing Officer when he joined in 2013....

Current Market Cap

$62.84B

Number of Employees

41K

Total Compensation

2021 - 2023

Trending down by -23.02% last year
Showing total compensation for the last 2021 - 2023

Stock

Down by -27.85% last year

Salary

Up by 3.54% last year

Bonus

Down by -8.93% last year

Other

Up by 4.66% last year

Year

2023

Total Compensation

$15.27M

Salary

$1.11M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives to drive financial success and shareholder value creation through a performance-based compensation program.

Bonus

$2.59M

Board Justification

The annual cash incentive payout for 2023 was based on performance metrics including EPS and FCF, with an actual payout of 226% of target due to exceeding performance goals.

Other

$262.47K

Board Justification

Other compensation includes matching contributions to the 401(k) plan, retirement contributions to the Deferred Compensation Plan, life insurance premiums, and perquisites including the incremental cost of providing Company-owned aircraft for non-business travel.

Restricted Stock

$11.30M(66.6K RSU and PSU)

Board Justification

The stock awards that vested in 2023 include both RSUs and PSUs, with a total value realized on vesting of $11,298,609 based on the closing price of the stock on the vesting date.

Performance Metrics

The performance metrics for 2023 included EPS and FCF measures, with a sustainability modifier affecting the annual incentive payouts.

SEC Filing

From April 9, 2024