Michael D. McGarry has been leading Graphic Packaging Holding Company as CEO since January 2016. With over 30 years in the packaging industry, he's worked his way up through various roles, including Vice President of Operations and Chief Operating Officer....

Michael D. McGarry has been leading Graphic Packaging Holding Company as CEO since January 2016. With over 30 years in the packaging industry, he's worked his way up through various roles, including Vice President of Operations and Chief Operating Officer. McGarry has a strong focus on performance metrics, which play a big part in how he earns his pay. In 2022, his total compensation was about $1.25 million, mainly from salary, highlighting a straightforward, cash-focused pay structure rather than complicated stock options. His leadership has guided the company towards improving sustainability and recycling efforts, aiming for 100% recyclability in their products. McGarry is also known for his commitment to diversity and inclusion within the workplace, reflecting a modern approach to corporate culture.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Graphic Packaging Holding CEOs

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Michael D. McGarry

Ex-CEO of Graphic Packaging Holding

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1963 - 62 years ago

CEO of Graphic Packaging Holding for

6 years 0 months (Jan 2016 - Jan 2022)

Previous Experience

Former President and Chief Operating Officer of the Company.

Rivals

Competitors/colleagues of Michael D. McGarry

A

Matthew L. Trerotola

CEO of AptarGroup

2023 Compensation

Stock

$50.00K

Salary

$600.00K

Bonus

$150.00K

Other

$25.00K

Total Holdings

$12.58M

S

Robert C. Tiede

CEO of Sonoco Products

2023 Compensation

Stock

$0.00

Salary

$1.21M

Bonus

$0.00

Other

$469.22K

Total Holdings

$5.11M

Holdings

See how much did Michael D. McGarry make over time.

As of 2022, McGarry’s financial stake in the company reveals some interesting patterns. He currently has a large portion of financial assets tied up in Graphic Packaging, showing confidence in the direction he’s shaping for the company. However, there have...

As of 2022, McGarry’s financial stake in the company reveals some interesting patterns. He currently has a large portion of financial assets tied up in Graphic Packaging, showing confidence in the direction he’s shaping for the company. However, there have been fluctuations in his wealth linked to the stock performance of Graphic Packaging over the years. These changes reflect the challenges and opportunities the market presents. His holdings peaked when the company's share prices were high but have adjusted since then, which is typical for someone with significant investment in their own company's stock. As the company pushes forward with its sustainability goals, McGarry’s wealth may continue to reflect these efforts.

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Insider Trading

See recent insider trades of Michael D. McGarry.

No insider trades found for this CEO.

Compensation History

See how much did Michael D. McGarry make over time.

Throughout his tenure, Michael McGarry's compensation has shown variations based on the company’s performance metrics which include key indicators like Adjusted EBITDA and cash flow. In 2022, he earned $1,253,600, primarily from his salary, since no bonuses or stock options were involved. This cash-only approach marks a shift towards focusing on how well the company performs rather than tying pay to stock performance. In previous years, his total compensation reached as high as $7.3 million in 2021, which included performance bonuses when the company met its financial goals. However, the lack of stock options or grants points to a straightforward style of compensation that many companies are moving towards, aligning executive pay with immediate financial results rather than long-term stock performance. Overall, McGarry's pay reflects a clear link to his leadership and the company's financial health.

Year

2022

Total Compensation

$1.25M

Salary

$1.25M

Board Justification

The compensation philosophy is designed to attract, retain, motivate, and reward executives, aligning their interests with those of the company's stockholders, with a focus on performance-based compensation.

Bonus

$0.00

Board Justification

The Management Incentive Plan (MIP) payout for 2022 was approved at 200% of target based on company performance metrics including Adjusted EBITDA and Cash Flow before Debt Reduction, subject to individual performance adjustments.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary and bonuses for 2022.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2022 as the focus is on cash compensation and performance metrics for the year.

Performance Metrics

The performance metrics for determining the CEO's compensation included Adjusted EBITDA and Cash Flow before Debt Reduction.

Other Graphic Packaging Holding CEOs

Here are other CEOs of Graphic Packaging Holding

David W. Scheible

Ex-CEO of Graphic Packaging Holding

January 2006 - January 2018

Brian B. McGarry

CEO of Graphic Packaging Holding

January 2022 - Present