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....

Number of Employees

23.5K

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.

SEC Filing

From April 7, 2023

Michael D. McGarry

Ex-CEO of Graphic Packaging Holding

MD

Education

Not specified

Field of Expertise

Business & Management

Born

January 1, 1963 - 62 years ago

Is Founder?

No

Tenure

6 years 0 months (Jan 2016 - Jan 2022)

Previous Experience

Former President and Chief Operating Officer of the Company.