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Michael Haack is the President and CEO of Eagle Materials, Inc., a prominent player in the construction materials industry. He joined the company in December 2014, bringing with him extensive experience from Halliburton Energy Services, where he worked for 17...

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Michael Haack

CEO of Eagle Materials

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

May 20, 1970 - 54 years ago

CEO of Eagle Materials for

5 years 1 month (Feb 2020 - Present)

Previous Experience

Various executive roles within the company

Holdings

See how much did Michael Haack make over time.

Michael Haack has seen significant fluctuations in his holdings at Eagle Materials. His stock holdings began at around $3 million in late 2019 and climbed steadily, peaking at roughly $25.5 million in February 2024. These fluctuations illustrate not only the...

Total Stock Sold

$42.69M

EXP

$42.69M

245,411 EXP shares

What if they kept their stock?

If Michael Haack didn't sell their stock, today they would have:
Extra EXP245,411 shares worth $14.54M.
This is -65.94% and $28.15M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael Haack.

EXP

$10.13M

EXP at $308.15/share

Nov 21, 2024

Sale

EXP

4,318 shares

EXP

May 3, 2024

Received

EXP

$8.10M

EXP at $255.66/share

Mar 6, 2024

Sale

EXP

$852.49K

EXP at $170.50/share

Jun 16, 2023

Sale

EXP

$4.63M

EXP at $165.21/share

May 24, 2023

Sale

EXP

14,393 shares

EXP

May 23, 2023

Received

EXP

16,044 shares

EXP

May 8, 2023

Received

EXP

$2.69M

EXP at $144.76/share

Jan 31, 2023

Sale

EXP

13,370 shares

EXP

May 19, 2022

Received

EXP

17,236 shares

EXP

May 6, 2022

Received

Compensation History

See how much did Michael Haack make over time.

Michael Haack's compensation as CEO of Eagle Materials has grown impressively since his appointment in December 2014. In 2023, he earned a total of about $7.6 million, which included a base salary of $1 million, a performance-based bonus exceeding $2 million, and long-term incentive stock awards valued at around $3.39 million. His focus on performance-Based pay reflects his commitment to align with the company’s success. The structure of his compensation includes a substantial amount tied directly to the company's operational results, resonating with shareholders and incentivizing him to push for continuous improvement. His previous years also featured significant earnings, with an $824,000 salary in 2021 that grew steadily. Overall, he embodies a pay-for-performance approach that not only rewards his contributions but also drives the growth of Eagle Materials.

Year

2023

Total Compensation

$4.23M

Salary

$1.04M

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests, performance-based pay, and retention of key executives.

Bonus

$2.11M

Board Justification

Annual cash incentive award based on performance metrics, with 95% of potential earned for fiscal 2024, totaling $2,107,341.

Other

$108.74K

Board Justification

Includes profit sharing contributions, SERP contributions, executive life insurance premiums, and health wellness awards.

Restricted Stock

$975.58K(14.39K RSU)

Board Justification

Restricted stock awarded on May 23, 2023, with 1/3 vesting on March 31, 2024, totaling 14,393 shares.

Performance Metrics

Performance metrics include operating earnings and individual performance goals tied to sustainability and financial performance.

Other Eagle Materials CEOs

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