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...

Current Market Cap

$1.22B

Number of Employees

1.83K

Total Compensation

2017 - 2021

Trending up by 307.42% last year
Showing total compensation for the last 2017 - 2021

Stock

Up by 0.00% last year

Salary

Down by -8.47% last year

Bonus

Up by 0.00% last year

Other

Down by -63.50% last year

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.

SEC Filing

From January 30, 2023

Philip Horlock

Ex-CEO of Blue Bird Corporation

PH

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

September 1, 1965 - 59 years ago

Is Founder?

No

Tenure

1 year 1 month (May 2023 - Jun 2024)

Previous Experience

CEO of Blue Bird Corporation from 2015 to 2021