In 2023, Albert Nahmad earned $11.06M in total compensation at Watsco, including $600.00K salary and $10.00M in stock. Has led Watsco for over 52 years.
Compensation History
Annual executive compensation data for Albert Nahmad, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$11.06M
Salary
$600.00K
Bonus
$0.00
Other
$458.34K
Salary
$600.00KBoard Justification
The compensation philosophy emphasizes long-term performance and aligns executive compensation with shareholder returns, primarily through equity-based compensation with long vesting periods.
Bonus
$0.00Board Justification
No cash bonuses were approved for the Chairman & CEO in 2023.
Other Compensation
$458.34KBoard Justification
Includes 401(k) matching contributions, health insurance benefits, and incremental variable operating costs for personal aircraft usage.
Restricted Stock
Board Justification
Restricted Class B common shares granted as a long-term incentive award, cliff-vesting on October 15, 2029, contingent on performance criteria.
Performance Metrics
Compensation is linked to earnings per share (EPS) growth and stock price performance.
Albert Nahmad
Founder and CEO of Watsco
Education
Bachelor's degree in Business Administration
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1948 - 77 years ago
CEO of Watsco for
52 years 11 months (Jan 1973 - Present)
Previous Experience
Founder of Watsco, Inc.
Other Watsco CEOs
Holdings
Track Albert Nahmad's stock holdings and portfolio value over time.
Insider Trading
Albert Nahmad's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Albert Nahmad with competitor CEOs and industry peers.
Donald G. Macpherson
CEO of W.W. Grainger
2023 Compensation
Stock
$6.63M
Salary
$1.10M
Bonus
$0.00
Other
$317.29K
Total Holdings
$1.29B
Todd M. Bluedorn
CEO of Lennox International
2019 Compensation
Stock
$5.25M
Salary
$1.23M
Bonus
$2.17M
Other
$47.30K
Total Holdings
$867.76K
Deidra C. Merriwether
CEO of W.W. Grainger
2023 Compensation
Stock
$2.00M
Salary
$693.84K
Bonus
$0.00
Other
$110.88K
Total Holdings
$33.70M
Ward Nye
CEO of Martin Marietta Materials
2023 Compensation
Stock
$0.00
Salary
$1.29M
Bonus
$8.58M
Other
$18.49K
Total Holdings
$1.66M
Mark W. Sheahan
CEO of Graco
2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Judith F. Marks
CEO of Otis Worldwide
2023 Compensation
Stock
$2.82M
Salary
$1.37M
Bonus
$0.00
Other
$432.84K
Total Holdings
$3.34M