Sundar PichaiSundar Pichai earned $164M in 2023

Richard L. Gelfond is the CEO of IMAX Corporation and has held this position since 2009. He has a background in economics, having earned a Bachelor of Arts from UCLA. Under his leadership, IMAX has seen various ups and downs,...

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Richard L. Gelfond

CEO of Imax

Education

Bachelor's degree from Stony Brook University and a J.D. from Northwestern University School of Law

Field of Expertise

Business & Management

Sector of Economy

Communication Services

Born

December 1, 1956 - 68 years ago

CEO of Imax for

16 years 0 months (Apr 2009 - Present)

Previous Experience

Co-Chairman of IMAX Corporation

Holdings

See how much did Richard L. Gelfond make over time.

Richard L. Gelfond’s holdings in IMAX have seen fluctuations over the years, reflecting his long-term commitment to the company. In recent years, his stock ownership has grown, especially after his stock awards vested. In 2023, he saw the vesting of...

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Total Stock Sold

$64.26M

IMAX

$64.26M

2,357,293 IMAX shares

What if they kept their stock?

If Richard L. Gelfond didn't sell their stock, today they would have:
Extra IMAX2,357,293 shares worth $23.88M.
This is -62.84% and $40.39M less than what they got when they sold the stock.

Charitable Transactions

IMAX

116,525 shares

IMAX

Recent Charitable Transactions

IMAX

10,000 shares

IMAX

Aug 30, 2024

Charity

IMAX

15,000 shares

IMAX

Nov 15, 2022

Charity

IMAX

10,000 shares

IMAX

Mar 8, 2021

Charity

IMAX

10,000 shares

IMAX

Nov 1, 2019

Charity

IMAX

12,525 shares

IMAX

Sep 13, 2018

Charity

IMAX

8,000 shares

IMAX

Apr 24, 2017

Charity

Insider Trading

See recent insider trades of Richard L. Gelfond.

IMAX

10,000 shares

IMAX

Aug 30, 2024

Charity

IMAX

164,062 shares

IMAX

Mar 7, 2024

Received

IMAX

$2.09M

IMAX at $20.95/share

May 1, 2023

Sale

IMAX

140,852 shares

IMAX

Mar 7, 2023

Received

IMAX

15,000 shares

IMAX

Nov 15, 2022

Charity

IMAX

10,000 shares

IMAX

Mar 8, 2021

Charity

IMAX

$196.29K

IMAX at $7.85/share

Mar 17, 2020

Purchase

IMAX

10,000 shares

IMAX

Nov 1, 2019

Charity

IMAX

$173.92K

IMAX at $20.74/share

Sep 1, 2019

Sale

IMAX

$211.74K

IMAX at $24.48/share

May 1, 2019

Sale

Compensation History

See how much did Richard L. Gelfond make over time.

In 2023, Richard L. Gelfond's total compensation reached approximately $6.12 million. This included a base salary of $1.2 million and a cash bonus of nearly $1.95 million, which was driven by a performance-based structure that rewards him for IMAX's success. Gelfond's bonuses have varied significantly over the years, sometimes exceeding $1 million, indicating that his financial success is closely linked to how well the company performs. The compensation structure he is under emphasizes a pay-for-performance culture, designed to motivate him to hit key company targets while aligning his financial incentives with shareholder interests. In addition to his salary and bonuses, he has received performance-based equity awards, which have grown in value with the company’s stock price. This intricate system aims to retain top talent like Gelfond while also ensuring that their goals are in line with those of investors. His overall pay reflects both challenges and successes as he navigates IMAX through a competitive industry.

Year

2023

Total Compensation

$8.12M

Salary

$1.20M

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture that aligns executive compensation with company performance, shareholder interests, and retention strategies. The compensation structure includes a significant portion tied to performance metrics.

Bonus

$1.95M

Board Justification

The annual cash bonus is assessed based on a formulaic component (80% of the bonus) and a discretionary component (20% of the bonus) based on the CEO's individual performance. The formulaic component payout was 153.6% of target, resulting in a total cash bonus of $1,954,520 for 2023.

Other

$0.00

Board Justification

No additional compensation reported outside of salary, bonus, and vested stock.

Restricted Stock

$4.97M(300.4K Common Stock)

Board Justification

300,397 shares of stock awards vested in 2023, including 96,098 RSUs and 140,825 PSUs that converted to Common Shares on specified dates.

Performance Metrics

Key performance metrics for 2023 included IMAX Global Box Office, Free Cash Flow, Installations, Signings, Adjusted EPS, and Adjusted EBITDA Margin.