Wesley G. Bush is a notable figure in the aerospace and defense industry, having served as CEO of Northrop Grumman Corporation from 2010 to 2019. He began his journey at Northrop Grumman as CFO and quickly moved up the ranks...

Current Market Cap

$71.92B

Number of Employees

101K

Total Compensation

2015 - 2019

Trending up by 13.92% last year
Showing total compensation for the last 2015 - 2019

Stock

Up by 27.12% last year

Salary

Down by -4.95% last year

Bonus

Down by -40.82% last year

Other

Down by -55.39% last year

Year

2019

Total Compensation

$39.10M

Salary

$1.50M

Board Justification

Northrop Grumman's compensation philosophy for the CEO in 2019 was to provide a competitive compensation package that aligns with the company's performance and industry peers. A significant portion of the CEO's compensation was tied to performance metrics to incentivize top performance and align with shareholder interests.

Bonus

$2.70M

Board Justification

The bonus for Wesley G. Bush in 2019 was determined based on a target bonus of 180% of his base salary. The final bonus was calculated by multiplying the target bonus by the Company Performance Factor (CPF), which was 167% for 2019, resulting in a bonus payout of $2,700,000.

Other

$500.00K

Board Justification

Other compensation for Wesley G. Bush in 2019 included retirement benefits, perquisites, and security arrangements, totaling $500,000.

Restricted Stock

$34.40M(100K RSU)

Board Justification

In 2019, Wesley G. Bush had 100,000 shares of stock that vested. These shares were part of his long-term incentive plan, which included Restricted Stock Units (RSUs) that vested over a period of time based on continued service and performance metrics.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2019 included financial metrics such as Pension-adjusted Cash Flow from Operations, Segment Operating Income Growth, Pension-adjusted Net Income Growth, and Pension-adjusted Operating Margin Rate. Non-financial metrics included quality, customer satisfaction, engagement & inclusion, operational efficiency, diversity, environmental sustainability, and safety.

SEC Filing

From April 3, 2020

Wesley G. Bush

Ex-CEO of Northrop Grumman

WG

Education

Bachelor's degree in Electrical Engineering from the University of Maryland

Field of Expertise

Technology & Engineering - Engineering

Born

September 9, 1964 - 60 years ago

Is Founder?

No

Tenure

9 years 0 months (Jan 2010 - Jan 2019)

Previous Experience

President and Chief Operating Officer of Northrop Grumman Corporation, Corporate Vice President of Northrop Grumman Corporation

View Holdings

Insider Holdings of Wesley G. Bush

CSCODOWNOCNSC

$129.17M

$127.57K (0.10%)

Last Insider Trade

CSCO

$37.97K

CSCO at $45.69/share

Jun 17, 2024

Received