Mark A. Sarvary is the former CEO of Tempur Sealy International, one of the largest mattress manufacturers in the world. He joined the company in 2008 after a notable career in management, including high-level positions at Campbell Soup Company and...

Current Market Cap

$9.30B

Number of Employees

13.5K

Total Compensation

2011 - 2015

Trending up by 74.11% last year
Showing total compensation for the last 2011 - 2015

Stock

Up by 44.84% last year

Salary

Up by 3.00% last year

Bonus

Down by -100.00% last year

Other

Up by 0.00% last year

Year

2015

Total Compensation

$5.59M

Salary

$1.03M

Board Justification

The compensation program is designed to attract, motivate and retain the leaders of the business by rewarding executives for Company performance and execution of key business plans and strategies, creating long-term value for stockholders.

Bonus

$0.00

Board Justification

Mr. Sarvary did not receive any annual incentive pay for 2015, as per the terms of his employment agreement.

Other

$2.63M

Board Justification

This includes a severance payment in a lump sum payment in the amount of $426,110, equal to a prorated portion of his base salary based on the number of days of the calendar year prior to the effective date of termination, following his termination by the Company without Cause on May 31, 2015.

Restricted Stock

$1.93M(27.43K PRSUs)

Board Justification

Mr. Sarvary received 65,823 PRSUs tied to the Company’s three-year Adjusted EPS for the performance cycle of January 1, 2015 through December 31, 2017. Following his termination, the number of PRSUs was reduced to 27,426 shares to reflect his partial year of service in 2015.

Performance Metrics

The performance metrics for the PRSUs are tied to the Company’s three-year Adjusted EPS for the performance cycle of January 1, 2015 through December 31, 2017.

SEC Filing

From March 21, 2016