Sundar PichaiSundar Pichai earned $164M in 2023

Patrick Kaltenbach has been the CEO of Mettler-Toledo International since January 2018. Under his leadership, the company has focused on performance metrics that drive long-term growth, and his compensation reflects this. In 2023, his total compensation was approximately $8.4 million,...

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Patrick Kaltenbach

CEO of Mettler-Toledo International, Inc.

Field of Expertise

Business & Management

Sector of Economy

Healthcare

CEO of Mettler-Toledo International, Inc. for

7 years 3 months (Jan 2018 - Present)

Previous Experience

Various leadership roles within the company and other organizations.

Holdings

See how much did Patrick Kaltenbach make over time.

As of late 2023, Patrick Kaltenbach's insider trading activities show interesting fluctuations in the value of his holdings. Starting in 2019, his reported trades often exceeded $10 million, peaking at $19.54 million in January 2021, showcasing his confidence in Mettler-Toledo's...

Total Stock Sold

$4.91M

BDX

$1.03M

4,187 BDX shares

A

$3.89M

64,593 A shares

What if they kept their stock?

If Patrick Kaltenbach didn't sell their stock, today they would have:
Extra BDX4,187 shares worth $1.05M and A64,593 shares worth $4.95M.
This is 22.11% and $1.09M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Patrick Kaltenbach.

MTD

976 shares

MTD

Nov 9, 2023

Received

MTD

$159.65K

MTD at $1.32K/share

Mar 15, 2022

Received

MTD

$58.50K

MTD at $1.17K/share

Feb 17, 2021

Purchase

MTD

1,216 shares

MTD

Jan 25, 2021

Received

BDX

$330.72K

BDX at $260.00/share

Jul 9, 2020

Sale

BDX

$255.12K

BDX at $243.20/share

Jun 3, 2020

Sale

BDX

$54.35K

BDX at $244.83/share

Jun 1, 2020

Sale

BDX

$89.23K

BDX at $263.23/share

Dec 12, 2019

Sale

BDX

$81.59K

BDX at $261.51/share

Dec 6, 2019

Sale

BDX

$32.23K

BDX at $253.78/share

Aug 9, 2019

Sale

Compensation History

See how much did Patrick Kaltenbach make over time.

In 2023, Patrick Kaltenbach received a total compensation of $8,417,336. His base salary was about $1 million, supplemented by a performance bonus that rewards achieving specific targets. A key highlight of his compensation package in 2023 was a one-time equity grant amounting to approximately $2.47 million in restricted stock units, which aligns with the company’s long-term performance goals. Kaltenbach's previous year's total compensation was around $6.3 million, reflecting the increase in 2023 primarily due to the additional equity and performance options. His pay structure demonstrates a solid link between his performance as CEO and the company’s success, emphasizing a philosophy that prioritizes long-term growth for both executives and shareholders.

Year

2023

Total Compensation

$1.51M

Salary

$1.00M

Board Justification

The company aims to align executive compensation with performance, linking pay to challenging, objectively measurable targets, and ensuring total compensation is competitive in the market.

Bonus

$155.16K

Board Justification

Annual cash incentive earned under the company’s POBS Plus incentive plan, based on performance targets for 2023.

Other

$355.86K

Board Justification

Includes tax equalization payments and other miscellaneous benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock vested in 2023; however, restricted stock units granted in November 2023 will vest in future years.

Performance Metrics

Performance metrics include adjusted non-GAAP earnings per share, net cash flow, and group sales at budgeted currency rates.

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