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Robert E. Rossiter has been a significant figure at Lear Corporation, holding roles like CEO and President since 2007. He has a solid educational background with a degree in Business Administration from the prestigious University of Michigan. His career at...

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Robert E. Rossiter

CEO of Lear Corporation

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

CEO of Lear Corporation for

17 years 7 months (Aug 2007 - Present)

Previous Experience

Unknown

Holdings

See how much did Robert E. Rossiter make over time.

Robert E. Rossiter's holdings in Lear Corporation saw significant fluctuations over time. As of September 2019, the value of his holdings stood at approximately $29.46 million, gradually increasing to around $46.46 million by May 2021. This peak demonstrated his confidence...

Mar 18, 2025

Total Stock Sold

$2.10M

LEA

$2.10M

54,517 LEA shares

What if they kept their stock?

If Robert E. Rossiter didn't sell their stock, today they would have:
Extra LEA54,517 shares worth $4.86M.
This is 131.06% and $2.75M more than what they got when they sold the stock.

Charitable Transactions

LEA

9,092 shares

LEA

Recent Charitable Transactions

LEA

4,546 shares

LEA

Dec 31, 2010

Charity

Insider Trading

See recent insider trades of Robert E. Rossiter.

LEA

$437.36K

LEA at $48.10/share

Jun 9, 2011

Sale

LEA

$470.41K

LEA at $51.73/share

May 12, 2011

Sale

LEA

$472.96K

LEA at $52.01/share

May 3, 2011

Sale

LEA

$466.35K

LEA at $102.59/share

Mar 9, 2011

Sale

LEA

$1.01M

LEA at $111.08/share

Feb 22, 2011

Sale

LEA

4,546 shares

LEA

Dec 31, 2010

Charity

Compensation History

See how much did Robert E. Rossiter make over time.

Robert E. Rossiter's compensation over the years has depicted a complicated picture of a CEO navigating through varying performance levels. In 2011, he earned a total of $13.33 million, which included a base salary of $1.32 million and over $8.88 million from vested stock. Notably, he faced years without bonuses, such as in 2008, when Lear's performance was below threshold levels. However, in 2010, he enjoyed a substantial bonus of $3.23 million after achieving higher-than-expected performance metrics. Lear’s philosophy ties executive pay to performance, ensuring that Rossiter’s compensation reflects the company's results. His total pay varies significantly from year to year, reflecting the ups and downs of corporate performance and decisions made by the board regarding executive pay.

Year

2011

Total Compensation

$10.88M

Salary

$1.32M

Board Justification

The compensation philosophy is designed to link executive pay to company performance, with a significant portion of compensation being performance-based.

Bonus

$0.00

Board Justification

No bonus was awarded for 2011 as he resigned as CEO on September 1, 2011.

Other

$681.95K

Board Justification

Includes matching contributions to retirement plans, imputed income from life insurance, and a perquisite allowance.

Restricted Stock

$8.88M(184.33K RSU)

Board Justification

This amount reflects vested RSUs that were granted on November 9, 2009 pursuant to the LTSIP and includes total dividend equivalents of $42,562.

Performance Metrics

The performance metrics for determining compensation included Adjusted Operating Income and Free Cash Flow.