Steven F. Udvar-Házy is the Executive Chairman of Air Lease Corporation, a leader in global aircraft leasing. He has an impressive background, having co-founded ILFC, one of the largest aircraft leasing companies, back in 1973. With over 40 years in...

Number of Employees

163

Year

2016

Total Compensation

$6.03M

Salary

$1.80M

Board Justification

The compensation program is designed to attract, retain, and motivate high-caliber executives, aligning their interests with stockholders through performance-based compensation.

Bonus

$649.80K

Board Justification

The 2016 bonus amounts are the payout of deferred bonuses vested on December 31, 2016. For Mr. Udvar-Házy, the 2016 bonus amounts also include the retention bonuses granted in 2013 and vested on June 30, 2016 equal to 10% of 2016 base salary.

Other

$287.21K

Board Justification

Includes premiums for a $5.0 million term life insurance policy and other benefits.

Restricted Stock

$3.29M(111.26K RSU)

Board Justification

The number of shares acquired on vesting includes shares from awards made in 2014, 2015, and 2016. The vested stock value is based on the closing price of the Company’s Class A Common Stock on the vesting date.

Performance Metrics

The performance metrics for the CEO's compensation include overall revenue, pre-tax operating margin, pre-tax return on equity, dollar value of aircraft added to the fleet, and strategic objectives.

SEC Filing

From March 21, 2017

Steven F. Udvar-Házy

Founder and Ex-CEO of Air Lease

SF

Education

Bachelor's degree in Business Administration from the University of California, Los Angeles.

Field of Expertise

Finance & Banking - Finance

Born

November 24, 1946 - 78 years ago

Is Founder?

Yes

Tenure

5 years 11 months (Aug 2010 - Jul 2016)

Previous Experience

Founder of International Lease Finance Corporation (ILFC), served as CEO of ILFC.