Richard A. Montoni has been the CEO of MAXIMUS, Inc. since April 2006. He holds a Bachelor's degree in Business Administration and has extensive experience in management, including a previous role as the Chief Financial Officer for MAXIMUS. Under his...

Richard A. Montoni has been the CEO of MAXIMUS, Inc. since April 2006. He holds a Bachelor's degree in Business Administration and has extensive experience in management, including a previous role as the Chief Financial Officer for MAXIMUS. Under his leadership, the company has grown significantly, achieving a revenue increase of 22.9% in fiscal year 2021, driven by COVID-19 response work and key acquisitions. Montoni’s focus on aligning executive pay with performance metrics—like earnings per share and revenue growth—highlights a results-driven approach. Interestingly, he has consistently earned substantial bonuses over the years, reaching as high as $2.2 million in 2017 alone. However, in 2017, he transitioned to a Senior Advisor role, adjusting his involvement with stock grants. Montoni's tenure has not just been about numbers; he played a critical role in expanding MAXIMUS into new markets and services, including significant contracts with government agencies. His insider trading history shows he moved large amounts of stock, hitting values over $47 million at one point. This reflects not just personal wealth management but a strategic perspective on the company’s growth and value. Overall, Montoni's career at MAXIMUS combines solid leadership with a clear vision for expanding business opportunities in complex government services.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Maximus CEOs

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Richard A. Montoni

Ex-CEO of Maximus

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

October 12, 1956 - 68 years ago

CEO of Maximus for

11 years 2 months (Apr 2006 - Jul 2017)

Previous Experience

Various executive positions at MAXIMUS, Inc.

Rivals

Competitors/colleagues of Richard A. Montoni

Holdings

See how much did Richard A. Montoni make over time.

Richard A. Montoni's holdings in MAXIMUS show varying values over time, with the peak around December 2019 when his holdings reached approximately $47.39 million. This was a period of heightened activity, including multiple transactions where his insider trading value fluctuated...

Richard A. Montoni's holdings in MAXIMUS show varying values over time, with the peak around December 2019 when his holdings reached approximately $47.39 million. This was a period of heightened activity, including multiple transactions where his insider trading value fluctuated notably, indicating active portfolio management. By 2021, Montoni's stock movements suggested a considerable drop in individual stock value compared to previous years, with monthly shares traded often reaching between $5 to $30 million. Interestingly, his trading patterns reflect a strategic management of wealth as well as a potential response to overall market conditions and company performance. As he transitioned roles within MAXIMUS over the years, his wealth changes indicate both personal financial strategies and shifting company objectives, especially after stepping back from daily operations.

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Total Stock Sold

$68.74M

MMS

$68.74M

1,554,785 MMS shares

What if they kept their stock?

If Richard A. Montoni didn't sell their stock, today they would have:
Extra MMS1,554,785 shares worth $91.36M.
This is 32.9% and $22.62M more than what they got when they sold the stock.

Charitable Transactions

MMS

367,652.568 shares

MMS

Recent Charitable Transactions

MMS

2,500 shares

MMS

Mar 4, 2025

Charity

MMS

2,984 shares

MMS

Nov 21, 2023

Charity

MMS

5,400 shares

MMS

Jul 24, 2020

Charity

MMS

5,000 shares

MMS

Jul 22, 2019

Charity

MMS

4,600 shares

MMS

Nov 27, 2018

Charity

MMS

5,000 shares

MMS

Dec 4, 2017

Charity

Insider Trading

See recent insider trades of Richard A. Montoni.

MMS

2,500 shares

MMS

Mar 4, 2025

Charity

MMS

2,984 shares

MMS

Nov 21, 2023

Charity

MMS

$3.12M

MMS at $80.34/share

Dec 28, 2021

Sale

MMS

$518.67K

MMS at $83.20/share

Sep 30, 2021

Sale

MMS

$3.22M

MMS at $91.89/share

Jun 15, 2021

Sale

MMS

$3.05M

MMS at $87.00/share

Mar 23, 2021

Sale

MMS

$2.50M

MMS at $71.41/share

Dec 8, 2020

Sale

MMS

5,400 shares

MMS

Jul 24, 2020

Charity

MMS

$796.22K

MMS at $68.41/share

Sep 30, 2020

Sale

MMS

$2.57M

MMS at $73.34/share

Sep 8, 2020

Sale

Compensation History

See how much did Richard A. Montoni make over time.

In recent years, Richard A. Montoni's compensation package has been heavily focused on performance bonuses rather than stock grants. His total earnings reached approximately $3.2 million in 2017, primarily from a bonus of $2.2 million for exceeding performance targets. This trend continued, with the bulk of his compensation being tied to cash bonuses based on corporate metrics like earnings per share and revenue growth. However, in 2017, Montoni transitioned to a Senior Advisor role, which resulted in no new stock grants. His compensation reflects a strong emphasis on aligning executive rewards with the wider company's success, showing a strategy that incentivizes high performance over time. Over the years, his salary has remained steady around $700,000, while bonuses varied significantly, indicating the company's strong performance under his guidance.

Year

2017

Total Compensation

$2.96M

Salary

$750.00K

Board Justification

The compensation philosophy focuses on aligning executive pay with shareholder interests, recognizing individual initiative and achievements, attracting and retaining skilled executives, and uniting the executive management team under common objectives.

Bonus

$2.20M

Board Justification

The cash incentive he earned for fiscal year 2017 under the Management Bonus Plan (MBP) was $2,200,000, which was 196% of his target amount. Additionally, $3,000,000 was awarded in cash in lieu of RSUs that were earned based on fiscal 2017 performance and would have been granted to him in the form of RSUs in November 2017.

Other

$6.75K

Board Justification

The Company match for 401(k) and Deferred Compensation Plan contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2017 as Mr. Montoni will no longer be eligible for RSU awards under his amended employment agreement effective April 1, 2018.

Performance Metrics

The performance metrics included EPS, organic revenue growth, operating profit margin, quarterly days sales outstanding, Distributable Income at the target level, winning contract rebids, strategic merger and acquisition efforts, client satisfaction results, and execution of the Company's digital strategy initiatives.

Other Maximus CEOs

Here are other CEOs of Maximus

Bruce Caswell

CEO of Maximus

April 2016 - Present