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Timothy Sullivan served as the CEO of REV Group, a company specializing in specialty vehicles, from January 2017 until March 2020. He has a solid educational background, holding a Bachelor's degree from a recognized university. During his time at REV,...

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Timothy Sullivan

Ex-CEO of REV Group

Education

MBA from Harvard Business School

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1960 - 65 years ago

CEO of REV Group for

5 years 2 months (Jan 2015 - Mar 2020)

Previous Experience

CEO of Bucyrus International

Rivals

Competitors/colleagues of Timothy Sullivan

Holdings

See how much did Timothy Sullivan make over time.

Timothy Sullivan's stock holdings reflected a significant investor confidence during his tenure at REV Group. His holdings peaked in late 2019 at around $4.6 million, showing a strong belief in the company's potential at that time. However, following his departure...

Mar 18, 2025

Charitable Transactions

REVG

497,200 shares

REVG

Recent Charitable Transactions

REVG

497,200 shares

REVG

Oct 31, 2017

Charity

Insider Trading

See recent insider trades of Timothy Sullivan.

REVG

249,064 shares

REVG

Dec 18, 2019

Received

REVG

$478.89K

REVG at $9.58/share

Sep 10, 2019

Purchase

REVG

354,540 shares

REVG

Jan 9, 2019

Received

REVG

$2.25M

REVG at $22.53/share

Feb 6, 2018

Purchase

REVG

108,620 shares

REVG

Feb 6, 2018

Received

REVG

497,200 shares

REVG

Oct 31, 2017

Charity

CLF

$6.00K

CLF at $20.81/share

Oct 1, 2013

Received

CLF

$6.00K

CLF at $16.42/share

Jul 1, 2013

Received

CLF

3,985 shares

CLF

May 7, 2013

Received

CLF

$6.00K

CLF at $18.95/share

Apr 1, 2013

Received

Compensation History

See how much did Timothy Sullivan make over time.

In 2020, Timothy Sullivan's total compensation reached approximately $1.95 million. His salary was $355,385, but a big chunk came from a guaranteed minimum bonus of $880,000 due to his departure. His severance package also included benefits exceeding $524,615 as part of the separation agreement. Interestingly, in 2019, he earned multi-million dollar compensation of $4.08 million, but he waived any bonus for that year, unlike consistent stock options and unvested awards he had in previous years. This shows how his financial rewards were structured heavily towards performance metrics, reflecting the pressures and expectations placed on CEOs. His compensation story is relevant for understanding how executive pay aligns with company performance and market fluctuations.

Year

2020

Total Compensation

$3.19M

Salary

$355.39K

Board Justification

The compensation program is designed to attract, retain, and motivate high-caliber executive officers, aligning their interests with those of stockholders.

Bonus

$880.00K

Board Justification

Guaranteed minimum MIP payout of $880,000 for fiscal year 2020, as he was employed until March 2020.

Other

$534.09K

Board Justification

Includes severance benefits of $524,615 and 401(k) matching contributions of $9,477.

Restricted Stock

$1.42M(115.79K RSU)

Board Justification

115,790 RSUs vested on December 31, 2020, as per the terms of his separation agreement.

Performance Metrics

Compensation is based on the achievement of performance metrics set forth in the Management Incentive Plan (MIP), which includes Adjusted EBITDA and Average Net Working Capital.

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