L. Neil Hunn is the President and CEO of Roper Technologies, a company known for its innovative technology solutions. Neil took the helm in 2018, previously serving as the Executive Vice President and COO. With a background as the CFO...

L. Neil Hunn is the President and CEO of Roper Technologies, a company known for its innovative technology solutions. Neil took the helm in 2018, previously serving as the Executive Vice President and COO. With a background as the CFO at MedAssets, he has strong experience in finance and operations. In 2023, his total compensation reached over $41 million, a large part of which was a bonus for exceeding company performance targets. This reflects the strategy at Roper to tie pay closely with company success, ensuring that executives like Neil are aligned with shareholders' interests. Interestingly, Neil doesn't hold any stock options or vested stocks from Roper – all his compensation is performance-based, which emphasizes long-term growth. He also has a significant incentive plan that could earn him up to $18.6 million if the company achieves certain performance goals. Neil's educational background includes a degree in Accounting from the University of Florida, which laid the foundation for his successful career.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Roper Technologies, Inc. CEOs

R

L. Neil Hunn

CEO of Roper Technologies, Inc.

Education

Bachelor's degree in Accounting from the University of Florida

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

March 1, 1973 - 52 years ago

CEO of Roper Technologies, Inc. for

6 years 7 months (Sep 2018 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of Roper Technologies, Inc.

Rivals

Competitors/colleagues of L. Neil Hunn

M

Raymond W. McDaniel, Jr.

CEO of Moody's

2021 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.21M

Other

$0.00

Total Holdings

$89.53M

G

Mark W. Sheahan

CEO of Graco

2023 Compensation

Stock

$0.00

Salary

$985.00K

Bonus

$1.30M

Other

$26.76K

Total Holdings

$6.90M

I

Eric D. Ashleman

CEO of IDEX

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$828.00K

Other

$320.21K

Total Holdings

$8.48M

O

Judith F. Marks

CEO of Otis Worldwide

2023 Compensation

Stock

$2.82M

Salary

$1.37M

Bonus

$0.00

Other

$432.84K

Total Holdings

$25.88M

C

Scott D. Farmer

CEO of Cintas

2022 Compensation

Stock

$4.77M

Salary

$500.00K

Bonus

$850.00K

Other

$338.77K

Total Holdings

$11.16B

A

David A. Zapico

CEO of Ametek

2023 Compensation

Stock

$0.00

Salary

$1.36M

Bonus

$788.80K

Other

$566.38K

Total Holdings

$70.27M

Holdings

See how much did L. Neil Hunn make over time.

L. Neil Hunn has no vested stock options or stocks from Roper Technologies, indicating a unique compensation structure that aligns with performance. His wealth is tied to performance-based incentives rather than traditional stock holdings, aiming for long-term growth over short-term...

L. Neil Hunn has no vested stock options or stocks from Roper Technologies, indicating a unique compensation structure that aligns with performance. His wealth is tied to performance-based incentives rather than traditional stock holdings, aiming for long-term growth over short-term gains. The absence of typical stock options shows a commitment to driving company success without relying on share price increases. His key performance metrics also underline this approach, where he could earn up to $18.6 million based on meeting specific cumulative adjusted EBITDA targets set from 2019 to 2023. This incentive structure has been designed to motivate not just short-term performance but sustainable growth over the long haul, aligning Hunn's success directly with that of Roper Technologies and its shareholders.

Total Stock Sold

$67.21M

ROP

$67.21M

152,000 ROP shares

What if they kept their stock?

If L. Neil Hunn didn't sell their stock, today they would have:
Extra ROP152,000 shares worth $47.52M.
This is -29.3% and $19.69M less than what they got when they sold the stock.

Charitable Transactions

ROP

100,162 shares

ROP

Recent Charitable Transactions

ROP

3,500 shares

ROP

Dec 14, 2023

Charity

ROP

92,808 shares

ROP

Jun 16, 2022

Charity

ROP

3,854 shares

ROP

Dec 20, 2017

Charity

Insider Trading

See recent insider trades of L. Neil Hunn.

DE

450 shares

DE

Mar 6, 2024

Received

ROP

3,500 shares

ROP

Dec 14, 2023

Charity

ROP

$30.71M

ROP at $511.82/share

Nov 8, 2023

Sale

DE

228 shares

DE

Aug 1, 2023

Received

ROP

32,665 shares

ROP

Mar 14, 2023

Received

ROP

$2.21M

ROP at $442.61/share

Jan 10, 2023

Sale

ROP

92,808 shares

ROP

Jun 16, 2022

Charity

ROP

29,403 shares

ROP

Jan 12, 2022

Received

ROP

31,336 shares

ROP

Jan 13, 2021

Received

ROP

$17.60M

ROP at $440.00/share

Sep 2, 2020

Sale

Compensation History

See how much did L. Neil Hunn make over time.

In 2023, L. Neil Hunn's total compensation soared to over $41 million. This amount included a $1 million salary and a substantial bonus of more than $21 million, awarded for surpassing performance targets that were linked to adjusted net earnings growth. Hunn's compensation structure reflects a clear philosophy at Roper Technologies to align executive pay with performance outcomes and shareholder value. Notably, he does not receive traditional stock options or equity that vests over time; his earnings depend entirely on hitting performance benchmarks. This setup underlines a commitment to long-term growth, making Hunn's goals tightly coupled with the success of the company. His additional compensation includes perks like club memberships and personal use of company aircraft, which further illustrates the comprehensive nature of his compensation package beyond just salary and bonuses.

Year

2023

Total Compensation

$22.68M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with shareholder interests and long-term value creation.

Bonus

$21.17M

Board Justification

The annual cash incentive was based on the growth in adjusted net earnings, with a target bonus opportunity of 200% of base salary, which was fully earned due to exceeding performance targets.

Other

$512.21K

Board Justification

Other compensation includes club memberships, personal use of aircraft, company car, additional medical services, financial planning, and contributions to defined contribution plans.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as all stock awards are performance-based and contingent upon meeting specific performance criteria.

Performance Metrics

The performance metrics for 2023 included adjusted net earnings growth, with a target of $1.563 billion to earn any bonus, which was exceeded.

Other Roper Technologies, Inc. CEOs

Here are other CEOs of Roper Technologies, Inc.

Brian D. Jellison

Ex-CEO of Roper Technologies, Inc.

January 2015 - September 2018