Sundar PichaiSundar Pichai earned $164M in 2023

Philip Horlock has led Blue Bird Corporation, an American manufacturer known for its school buses, during a challenging time. After studying Business Administration, he took on the role of CEO at Blue Bird, where he focused on navigating the tough...

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Philip Horlock

Ex-CEO of Blue Bird Corporation

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

CEO of Blue Bird Corporation for

1 year 9 months (May 2023 - Feb 2025)

Previous Experience

CEO of Blue Bird Corporation from 2015 to 2021

Rivals

Competitors/colleagues of Philip Horlock

Holdings

See how much did Philip Horlock make over time.

During his time at Blue Bird Corporation, Philip Horlock's holdings underwent notable changes. In 2021, before his resignation, he had significant vested stock awards, reflecting his wealth. Approximately $2.67 million of his total compensation that year came from stock awards,...

Mar 18, 2025

Total Stock Sold

$15.52M

BLBD

$15.52M

463,781 BLBD shares

What if they kept their stock?

If Philip Horlock didn't sell their stock, today they would have:
Extra BLBD463,781 shares worth $4.41M.
This is -71.57% and $11.10M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Philip Horlock.

BLBD

62,919 shares

BLBD

Dec 3, 2024

Received

BLBD

$2.99M

BLBD at $50.00/share

Sep 12, 2024

Sale

BLBD

$2.32M

BLBD at $48.14/share

Aug 22, 2024

Sale

BLBD

$1.90M

BLBD at $33.00/share

Feb 15, 2024

Sale

BLBD

$575.45K

BLBD at $33.00/share

Feb 8, 2024

Sale

BLBD

$2.33M

BLBD at $31.00/share

Feb 1, 2024

Sale

BLBD

$1.45M

BLBD at $29.00/share

Jan 29, 2024

Sale

BLBD

$1.08M

BLBD at $27.00/share

Dec 26, 2023

Sale

BLBD

$779.10K

BLBD at $25.97/share

Dec 14, 2023

Sale

BLBD

81,094 shares

BLBD

Dec 9, 2023

Received

Compensation History

See how much did Philip Horlock make over time.

Philip Horlock's compensation as CEO of Blue Bird Corporation shifted notably over his tenure. In 2021, he earned a total of about $3.6 million, shaped largely by a salary of $720,000. However, he faced challenges as bonuses were unattainable due to unmet performance targets, mainly linked to supply chain disruptions. Notably, his compensation comprised a substantial amount of vested stock awards valued at approximately $2.67 million, reflecting the company's strategic alignment with stock values. Earlier, in 2018, he peaked with a total compensation of over $2.45 million, notably benefiting from performance-driven bonuses and stock grants linked to growth metrics. Overall, his structured compensation plan aimed to tie his success to the company's performance, based on strict performance metrics that were sometimes hard to achieve but essential for the corporate strategy.

Year

2021

Total Compensation

$3.41M

Salary

$720.00K

Board Justification

The compensation philosophy emphasizes pay for performance and equity-based incentive programs designed to compensate executives for achieving operational and strategic success goals set each fiscal year.

Bonus

$0.00

Board Justification

No cash awards were made under the fiscal 2021 MIP, as the performance targets were not met primarily due to the negative financial impacts of ongoing supply chain disruptions on the Company’s operations.

Other

$18.40K

Board Justification

Includes premiums for disability and life insurance paid by the company for Mr. Horlock’s benefit, and contributions to Blue Bird’s 401(k) plan on behalf of Mr. Horlock.

Restricted Stock

$2.67M(318.53K RSU)

Board Justification

100% of the awards that vest contingent upon the achievement of applicable performance targets are reflected in the table despite the Company not achieving such targets as the Compensation Committee determined that all of his previously unvested LTI awards would vest in connection with his announced resignation from the office of CEO on October 31, 2021.

Performance Metrics

The performance metrics for the CEO's compensation are primarily based on Adjusted EBITDA.