Nicholas I. Fink is the CEO of Fortune Brands Innovations, a company he joined as the Chief Operating Officer in 2019 before stepping up to CEO in January 2020. With a solid background in business, he graduated from the University...

Number of Employees

11.7K

Year

2023

Total Compensation

$10.80M

Salary

$1.24M

Board Justification

The compensation philosophy is designed to align executive pay with performance, emphasizing long-term value creation for shareholders through a mix of fixed and variable compensation.

Bonus

$1.97M

Board Justification

The bonus is based on the achievement of performance metrics including EPS, Operating Income Margin Percent, and Working Capital Efficiency, with a payout of 121.4% of target.

Other

$275.23K

Board Justification

Other compensation includes matching contributions to the Qualified Savings Plan, profit sharing contributions, and costs associated with personal security and executive health services.

Restricted Stock

$7.31M(116.28K RSU)

Board Justification

The stock that vested in 2023 includes RSUs and PSAs that were converted into RSUs based on performance metrics achieved during the fiscal year.

Performance Metrics

The performance metrics for determining compensation in 2023 included Earnings Per Share (EPS), Operating Income Margin Percent (OIMP), and Working Capital Efficiency (WCE).

SEC Filing

From March 22, 2024

Nicholas I. Fink

CEO of Fortune Brands Innovations

F

Education

Bachelor's degree from the University of Michigan

Field of Expertise

Business & Management

Born

January 1, 1975 - 50 years ago

Is Founder?

No

Current Tenure

5 years 0 months (Jan 2020 - Present)

Previous Experience

President of the Company’s Global Plumbing Group, Senior Vice President - Global Growth and Development