Sundar PichaiSundar Pichai earned $164M in 2023
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Timothy J. FitzGerald

CEO of Middleby

Education

Bachelor's degree in Accounting from Northern Illinois University and an MBA from the University of Chicago

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1970 - 55 years ago

Economy Sector

Industrials

Current Tenure

6 years 1 month (Feb 2019 - Present)

Previous Experience

Vice President and Chief Financial Officer at Middleby Corporation since 2003

Timothy J. FitzGerald is the CEO of Middleby Corporation, a leader in foodservice equipment production. He has a strong background in finance, holding a Bachelor’s degree in Accounting from Northern Illinois University and an MBA from the University of Chicago....

Year

2022

Total Compensation

$9.84M

Salary

$975.00K

Board Justification

The compensation program is designed to attract and retain executive talent, link executive compensation with financial and operating performance, and align executive equity incentive compensation with stockholder interests.

Bonus

$1.94M

Board Justification

Annual performance-based cash compensation based on performance against goals for EBITDA$ and EBITDA% for fiscal year 2022.

Other

$16.95K

Board Justification

Includes a $1,375 Company contribution to a health savings account, $2,070 in Company-paid life insurance premiums, and a 401(k) Company matching contribution of $13,500.

Restricted Stock

$6.91M(43.33K PSUs)

Board Justification

Performance-based PSUs that vested based on the achievement of Adjusted EPS Growth and Enterprise Value Growth (Less Net Debt) per share performance metrics for the two-year performance period ending December 31, 2022.

Performance Metrics

Performance metrics include EBITDA$ and EBITDA% for annual cash incentives, and Adjusted EPS Growth and Enterprise Value Growth (Less Net Debt) per share for long-term equity incentives.