Sundar PichaiSundar Pichai earned $164M in 2023
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Paul G. Boynton

Ex-CEO of Rayonier Advanced Materials

Education

Bachelor of Science in Mechanical Engineering from Georgia Institute of Technology and an MBA from the University of Florida

Field of Expertise

Technology & Engineering - Engineering

Born

May 1, 1960 - 64 years ago

Economy Sector

Basic Materials

Tenure

6 years 6 months (Jun 2014 - Dec 2020)

Previous Experience

CEO of Rayonier Inc.

Paul G. Boynton has been at the helm of Rayonier Inc. since January 2012 and led Rayonier Advanced Materials till the end of 2021. He started at Rayonier back in 1999, making his way up through different roles, showcasing his...

Year

2021

Total Compensation

$2.58M

Salary

$843.75K

Board Justification

The compensation philosophy emphasizes pay for performance programs designed to reward superior financial performance and sustained increases in shareholder value, while maintaining competitive base pay and benefits.

Bonus

$1.58M

Board Justification

The annual bonus program provides cash compensation in the form of an annual bonus incentive designed to reward executives based on the Company’s financial performance against key budgeted financial metrics and the attainment of identified strategic objectives. For 2021, the target bonus award opportunity for Mr. Nunes was 125% of base salary, and the final annual bonus earned was approved by the Compensation Committee in February 2022, reflecting a payout of 150% of target awards due to exceeding performance metrics.

Other

$155.39K

Board Justification

Other compensation includes Company contributions to the Rayonier Investment and Savings Plan for Salaried Employees, contributions to the Rayonier Excess Savings and Deferred Compensation Plan, interest paid on dividend equivalents, and costs of executive physical examinations.

Restricted Stock

$0.00(0 RSU)

Board Justification

The stock awards for 2021 include performance shares and restricted stock units, but the values for these are not included in the total compensation as they are not vested in 2021.

Performance Metrics

The performance metrics for the bonus program included Recurring Cash Flow performance against budget and achievement of strategic objectives.