Sundar PichaiSundar Pichai earned $164M in 2023
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Karl McDonnell

CEO of Strategic Education, Inc.

Education

Bachelor’s degree from Virginia Wesleyan College and a master’s degree in business administration from Duke University

Field of Expertise

Business & Management

Born

January 1, 1971 - 54 years ago

Economy Sector

Consumer Defensive

Current Tenure

11 years 10 months (May 2013 - Present)

Previous Experience

Chief Operating Officer of InteliStaf Healthcare, Inc.

Karl McDonnell is the CEO of Strategic Education, Inc., where he has been since 2013. He holds a Bachelor's degree in Marketing from the University of Maryland and has a solid background in the education sector. Before taking on his...

Year

2021

Total Compensation

$2.93M

Salary

$906.00K

Board Justification

The compensation program is designed to drive performance and align the long-term interests of management with stockholders, focusing on academic quality and achievement of financial and non-financial goals.

Bonus

$283.13K

Board Justification

The target non-equity incentive compensation for the CEO was set at 125% of base salary, with actual payout determined based on performance metrics achieved in 2021, resulting in a payout of 25% of target due to not meeting financial objectives but meeting non-financial measures.

Other

$8.70K

Board Justification

Other compensation includes the Company's matching contribution to the 401(k) plan.

Restricted Stock

$1.73M(18.37K restricted stock)

Board Justification

The number of shares of restricted stock that vested in 2021, with a realized value of $1,734,217 upon vesting.

Performance Metrics

The performance metrics for 2021 included financial objectives (Revenue, Operating Income, EPS) accounting for 75% of the non-equity incentive compensation, and non-financial measures accounting for the remaining 25%.