Sundar PichaiSundar Pichai earned $164M in 2023
G

Mark W. Sheahan

CEO of Graco

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1965 - 60 years ago

Economy Sector

Industrials

Current Tenure

3 years 8 months (Jun 2021 - Present)

Previous Experience

Vice President and General Manager of Applied Fluid Technologies Division from 2008 to 2018.

Mark W. Sheahan has been the CEO of Graco Inc., a leading manufacturer known for its fluid handling products, since June 2021. Before becoming CEO, Mark had a solid financial background, serving as the Chief Financial Officer from 2018. He...

Year

2023

Total Compensation

$2.31M

Salary

$985.00K

Board Justification

The compensation program is designed to reward short-term results and motivate long-term performance through a mix of base salary, short-term incentives, and long-term incentives, aligning executive interests with shareholder value.

Bonus

$1.30M

Board Justification

Based on 2023 corporate Net Sales and corporate Incentive EPS performance, Mr. Sheahan received a bonus payment under the Incentive Bonus Plan, representing 132% of his target award.

Other

$26.76K

Board Justification

Other compensation includes employee investment plan matching contributions and perquisites.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Net Sales and Incentive EPS growth.