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...

Number of Employees

186.6K

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.

SEC Filing

From April 4, 2012