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...

Current Market Cap

$7.58B

Number of Employees

5.45K

Total Compensation

2005 - 2010

Trending up by 31.00% last year
Showing total compensation for the last 2005 - 2010

Stock

Up by 26.73% last year

Salary

Up by 0.00% last year

Bonus

Up by 99.28% last year

Other

Up by 112.32% last year

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