Sundar PichaiSundar Pichai earned $164M in 2023

Karla R. Lewis has been the President of Reliance, Inc., since January 2021. Before that, she was the Chief Financial Officer for over 20 years, starting her journey with the company back in 1992. She has played a significant role...

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Karla R. Lewis

CEO of Reliance

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

Born

January 1, 1966 - 59 years ago

CEO of Reliance for

2 years 4 months (Jan 2023 - Present)

Previous Experience

Chief Financial Officer

Holdings

See how much did Karla R. Lewis make over time.

As of 2023, Karla R. Lewis's stock holdings in Reliance, Inc. peaked at an impressive $36.43 million in July. This was a strong indication of her confidence in the company. However, by September 2023, her holdings had adjusted to about...

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Total Stock Sold

$76.34M

RS

$76.34M

465,066 RS shares

What if they kept their stock?

If Karla R. Lewis didn't sell their stock, today they would have:
Extra RS465,066 shares worth $41.32M.
This is -45.87% and $35.02M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Karla R. Lewis.

RS

5,125 shares

RS

Mar 1, 2024

Received

RS

$13.78M

RS at $320.44/share

Feb 16, 2024

Sale

RS

42,996 shares

RS

Feb 16, 2024

Received

RS

$1.50M

RS at $279.28/share

Dec 4, 2023

Sale

RS

$9.15M

RS at $286.01/share

Aug 31, 2023

Sale

RS

5,809 shares

RS

Mar 1, 2023

Received

RS

73,420 shares

RS

Feb 17, 2023

Received

RS

$1.96M

RS at $213.95/share

Dec 2, 2022

Sale

RS

3,892 shares

RS

Mar 22, 2022

Received

RS

$12.15M

RS at $176.03/share

Feb 18, 2022

Sale

Compensation History

See how much did Karla R. Lewis make over time.

In 2023, Karla R. Lewis's total compensation was $5 million, with a base salary of $1.25 million and a substantial bonus of $3.75 million. This bonus structure is based on performance metrics, emphasizing the importance of the company's financial success in her earnings. Specifically, her bonus payout was based on achieving significant targets related to pretax income margins and growth in tons sold. This structure aligns her interests with those of the shareholders, showcasing her as a key player in driving the company's financial outcomes. With no stock options or grants mentioned for 2023, her compensation remains predominantly linked to immediate cash rewards tied to performance, reflecting a modern approach to executive compensation that prioritizes accountability and results.

Year

2023

Total Compensation

$5.00M

Salary

$1.25M

Board Justification

The compensation philosophy emphasizes alignment with company performance and stockholder interests, with a significant portion of compensation tied to performance metrics.

Bonus

$3.75M

Board Justification

In 2023, the target annual cash incentive opportunity for the CEO was 150% of her base salary, with actual awards based on performance metrics resulting in a payout equal to 300% of base salary.

Other

$0.00

Board Justification

No additional compensation details provided for 2023; focus on cash compensation and performance metrics.

Restricted Stock

$0.00(0 N/A)

Board Justification

No specific vested stock information provided for 2023; focus on cash compensation and performance metrics.

Performance Metrics

The performance metrics for 2023 included Pretax Income Margin and Tons Sold Growth, with actual performance resulting in maximum payouts.

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Here are other CEOs of Reliance