Ron L. Fleming is the President and CEO of Global Water Resources, Inc., having taken on this role in May 2015. He holds a Bachelor's degree in Engineering and has built a solid career over his 20 years in the...

Number of Employees

109

Year

2023

Total Compensation

$936.73K

Salary

$350.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance, peer benchmarking, and retention strategies, ensuring that the interests of the executives are aligned with those of the shareholders.

Bonus

$175.00K

Board Justification

The bonus is based on the achievement of corporate and individual performance objectives for the fiscal year 2023, with a target incentive award of 100% of base salary.

Other

$18.73K

Board Justification

This includes matching contributions to the 401(k) plan and any dividends earned and paid on RSUs and phantom stock units held by the CEO.

Restricted Stock

$393.00K(30K restricted stock)

Board Justification

The restricted stock awarded in May 2022 vests ratably over three years, with 1/3 vesting in May 2023, 1/3 in May 2024, and 1/3 in May 2025. The vested stock in 2023 is valued based on the market price at the time of vesting.

Performance Metrics

The performance metrics include achieving specific financial and operational goals, including adjusted EBITDA targets and compliance with safety and regulatory standards.

SEC Filing

From March 26, 2024

Ron L. Fleming

CEO of Global Water Resources

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Education

Bachelor's degree in Business Administration from Arizona State University

Field of Expertise

Business & Management

Born

January 1, 1980 - 45 years ago

Is Founder?

No

Current Tenure

10 years 0 months (Jan 2015 - Present)

Previous Experience

President of Global Water Resources, Inc.