Kevin J. Wheeler is the President and CEO of A. O. Smith Corporation, a company he has been with since 1994. He started as a regional sales manager and moved up through the ranks, becoming a senior vice president by...

Number of Employees

12K

Year

2023

Total Compensation

$3.26M

Salary

$1.08M

Board Justification

The compensation philosophy aims to attract and retain world-class executives through competitive total compensation, encouraging a pay-for-performance mentality, and aligning executive compensation with stockholder interests.

Bonus

$1.94M

Board Justification

The annual incentive bonus for 2023 was based on achieving a combination of corporate EBIT and net sales targets, with an overall achievement of 150.3%.

Other

$236.98K

Board Justification

Includes company contributions to retirement and 401(k) plans, dividends on restricted stock and stock units, perquisite allowance, and other compensation.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the amounts reflect the grant date fair value of stock awards, which are not included in total compensation calculations.

Performance Metrics

The performance metrics for 2023 included corporate EBIT of $733.5 million and corporate net sales of $3.853 billion.

SEC Filing

From February 29, 2024