Kevin Stein is the CEO of TransDigm Group Incorporated, a leader in aerospace parts for commercial and military aircraft. He joined the company in 2014 as an Executive Vice President and became CEO in 2018. His leadership focuses on strong...

Current Market Cap

$80.35B

Number of Employees

15.5K

Total Compensation

2018 - 2022

Trending up by 444.59% last year
Showing total compensation for the last 2018 - 2022

Stock

Up by 0.00% last year

Salary

Up by 6.15% last year

Bonus

Up by 116.54% last year

Other

Down by -52.75% last year

Year

2022

Total Compensation

$38.45M

Salary

$1.27M

Board Justification

TransDigm's compensation philosophy for the CEO is designed to align with company performance, focusing on long-term shareholder value creation. The compensation structure includes a mix of salary, annual incentives, and long-term equity awards, with a significant portion being performance-based to motivate and reward exceptional performance.

Bonus

$376.38K

Board Justification

The bonus for Mr. Stein in 2022 was determined based on the company's performance metrics, which included EBITDA and EBITDA margin. The calculated annual incentive was $1,886,625, but the actual awarded amount was $2,263,000, reflecting the company's strong financial performance.

Other

$2.69M

Board Justification

Other compensation includes amounts paid pursuant to TransDigm’s 401(k) plan and dividend equivalents from dividends paid on vested options.

Restricted Stock

$34.11M(75.5K Options)

Board Justification

In 2022, Mr. Stein exercised 75,500 options, realizing a value of $34,109,103. These options were part of his long-term equity incentive plan, which vests based on performance criteria.

Performance Metrics

The performance metrics for determining Mr. Stein's compensation in 2022 included EBITDA and EBITDA margin, which are key indicators of the company's financial health and operational efficiency.

SEC Filing

From January 26, 2024