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Timothy Wadhams served as the CEO of Masco Corporation from 2006 until his retirement in February 2014. Under his leadership, the company successfully navigated through challenging economic conditions, particularly in the housing market. His tenure witnessed significant fluctuations in his...

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Timothy Wadhams

Ex-CEO of Masco

Education

Not provided

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1962 - 63 years ago

CEO of Masco for

8 years 1 month (Jan 2006 - Feb 2014)

Previous Experience

Various roles in Masco Corporation since 1998

Holdings

See how much did Timothy Wadhams make over time.

Wadhams' stock holdings in Masco experienced considerable growth during his tenure. His holdings peaked in value at over $54 million. This growth reflects the company's recovery and performance improvement in a challenging market environment. Over time, fluctuations in his stocks...

Total Stock Sold

$9.59M

MAS

$9.59M

525,772 MAS shares

What if they kept their stock?

If Timothy Wadhams didn't sell their stock, today they would have:
Extra MAS525,772 shares worth $19.67M.
This is 105.18% and $10.08M more than what they got when they sold the stock.

Charitable Transactions

MAS

125,000 shares

MAS

Recent Charitable Transactions

MAS

125,000 shares

MAS

Dec 31, 2013

Charity

Insider Trading

See recent insider trades of Timothy Wadhams.

MAS

$2.21M

MAS at $23.58/share

Mar 6, 2014

Sale

MAS

109,770 shares

MAS

Feb 12, 2014

Received

MAS

125,000 shares

MAS

Dec 31, 2013

Charity

MAS

$8.72M

MAS at $20.18/share

Feb 14, 2013

Sale

MAS

100,200 shares

MAS

Feb 13, 2013

Received

MAS

70,200 shares

MAS

Feb 16, 2011

Received

Compensation History

See how much did Timothy Wadhams make over time.

Timothy Wadhams’ compensation as CEO of Masco Corporation varied greatly throughout his career. In his peak year of 2010, he earned approximately $10 million, driven by a combination of salary, stock options, and performance-based bonuses. His annual salary was around $1 million, but the majority of his earnings came from bonuses tied directly to the company's performance. Wadhams emphasized aligning executive pay with company performance, ensuring that executive interests were closely linked to those of shareholders. His final years saw a careful structure in his compensation, with a clear focus on long-term rewards rather than immediate gains. The average total compensation over his tenure indicated a robust approach to managing executive pay in a competitive market, where long-term results could dictate financial outcomes.

Year

2014

Total Compensation

$5.91M

Salary

$330.77K

Board Justification

The compensation philosophy emphasizes performance-based pay to align executive interests with shareholder value, focusing on long-term performance metrics.

Bonus

$2.85M

Board Justification

This includes the annual performance-based cash bonus and performance-based payments under the Long Term Cash Incentive Program (LTCIP) earned for the three-year period ending in 2014.

Other

$137.50K

Board Justification

This includes contributions to retirement plans and perquisites.

Restricted Stock

$2.59M(112.6K Restricted Stock)

Board Justification

This is the value of restricted stock that vested in 2014, based on performance achieved in prior years.

Performance Metrics

Performance metrics included annual operating profit and return on invested capital (ROIC) for the Long Term Cash Incentive Program.

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