Victor L. Richey has been a key player at ESCO Technologies, Inc. since November 2008, bringing his engineering background from the University of Missouri to the forefront of the company's evolving strategies. He carved a career centered on operational excellence,...

Current Market Cap

$3.77B

Number of Employees

3.2K

Total Compensation

2019 - 2023

Trending up by 449.32% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Down by -38.81% last year

Bonus

Up by 0.00% last year

Other

Down by -16.83% last year

Year

2023

Total Compensation

$5.34M

Salary

$549.53K

Board Justification

The compensation philosophy emphasizes performance-based compensation to align executive pay with the long-term interests of shareholders, with a significant portion of pay being at-risk based on performance metrics.

Bonus

$534.75K

Board Justification

The cash incentive target was prorated for the first quarter of fiscal 2023 at $959,500, then reduced to $487,500 prorated until the end of the transition period on June 30, 2023.

Other

$62.31K

Board Justification

Includes car allowance, financial planning, and other perquisites.

Restricted Stock

$4.20M(22.42K RSU)

Board Justification

The RSUs vested upon his retirement on June 30, 2023, and were distributed in shares on July 3, 2023.

Performance Metrics

Adjusted EPS and Cash Flow from Operating Activities were the key metrics used to determine the cash incentive compensation for 2023.

SEC Filing

From December 19, 2023

Victor L. Richey

Ex-CEO of ESCO Technologies

VL

Education

Bachelor's degree in Engineering from the University of Missouri.

Field of Expertise

Technology & Engineering - Engineering

Born

August 7, 1959 - 65 years ago

Is Founder?

No

Tenure

14 years 1 month (Nov 2008 - Jan 2023)

Previous Experience

Previously served in various roles at ESCO Technologies, Inc. since 2008.