Michael A. Reilly, born in 1964, has a solid background in finance. He earned a Bachelor of Business Administration in Accounting from Loyola University Maryland. Over the years, he has built a notable career at SPX Technologies, where he served...

Current Market Cap

$7.77B

Number of Employees

4.1K

Total Compensation

2022 - 2023

Trending down by -57.83% last year
Showing total compensation for the last 2022 - 2023

Stock

Down by -100.00% last year

Salary

Up by 0.00% last year

Bonus

Down by -61.01% last year

Other

Down by -73.77% last year

Year

2023

Total Compensation

$596.39K

Salary

$451.05K

Board Justification

The compensation philosophy is designed to align executive pay with company performance and market benchmarks, focusing on retention and performance incentives.

Bonus

$121.78K

Board Justification

Based on corporate performance results, awards under the Executive Bonus Program were paid at 200% of target, prorated for Mr. Reilly's length of service prior to retirement.

Other

$23.55K

Board Justification

Includes matching contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Reilly did not receive any stock awards in 2023 as he was not an active executive during the grant period.

Performance Metrics

The performance metrics for the bonus were based on adjusted operating income, adjusted free cash flow, and adjusted revenue.

SEC Filing

From April 4, 2024

Michael A. Reilly

Ex-CEO of SPX Technologies

MA

Education

Bachelor of Business Administration in Accounting from Loyola University Maryland

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1964 - 60 years ago

Is Founder?

No

Tenure

0 years 3 months (Sep 2022 - Jan 2023)

Previous Experience

Chief Accounting Officer, Corporate Controller at SPX Corporation

View Holdings

Insider Holdings of Michael A. Reilly

SPXC

$10.42M

$4.31M (70.46%)

Last Insider Trade

SPXC

3,993 shares

SPXC

Feb 20, 2023

Received