Sundar PichaiSundar Pichai earned $164M in 2023
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Richard J. Hoffman

CEO of Stericycle

Born

July 30, 2024 - 0 years ago

Economy Sector

Industrials

Current Tenure

7 years 10 months (May 2017 - Present)

Previous Experience

Unknown

Richard J. Hoffman has been the CEO of Stericycle, Inc. since May 2019, a company specializing in regulated medical waste management. Before joining Stericycle, he served as the Senior Vice President and Chief Accounting Officer, bringing significant experience from his...

Year

2023

Total Compensation

$5.22M

Salary

$1.08M

Board Justification

The compensation program aims to attract, motivate, and retain highly qualified executive officers while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$1.31M

Board Justification

Annual cash performance bonuses based on EBIT Metric, Free Cash Flow Metric, and Safety Metrics, with a final payout of 94% of target for 2023.

Other

$3.00K

Board Justification

401(k) matching contribution for the year 2023.

Restricted Stock

$2.84M(65.25K RSU)

Board Justification

Time-based RSUs that vested during the fiscal year 2023, calculated based on the closing price of the stock on the vesting date.

Performance Metrics

Performance metrics include EBIT, Free Cash Flow, and safety metrics related to severe vehicle incidents and TRIR frequency.