Joseph H. Pyne has had a long journey with Kirby Corporation, where he kicked off his leadership in 1995 and moved through various roles until he became Chairman and CEO in 2011. After stepping down from the CEO position in...

Number of Employees

5.45K

Year

2010

Total Compensation

$6.54M

Salary

$680.00K

Board Justification

The compensation program aims to attract and retain senior executives with competitive compensation opportunities, achieve consistent performance over time, and align compensation with company performance and shareholder value.

Bonus

$1.02M

Board Justification

The annual incentive compensation for 2010 was based on the achievement of performance measures including EBITDA, return on total capital, and earnings per share, with a payout of 166.6% of the target amount for Mr. Pyne.

Other

$59.90K

Board Justification

Includes an automobile allowance, club memberships, group life insurance, and personal financial planning services.

Restricted Stock

$4.78M(108.57K restricted stock)

Board Justification

The restricted stock awards vest in equal increments over five years, and if a change in control had occurred, all unvested shares would have become fully vested.

Performance Metrics

The performance metrics for 2010 included EBITDA, return on total capital, and earnings per share.

SEC Filing

From March 18, 2011