In 2020, Augustus "Gus" Griffin earned $1.19M in total compensation at MGP Ingredients, including $289.71K salary, $579.42K bonus and $120.97K in stock. Most recently acquired 2,500 shares in Mar 2020. Currently holds stock worth $2.97M. Led MGP Ingredients as CEO for 5 years.
Compensation History
Annual executive compensation data for Augustus "Gus" Griffin, including salary, bonuses, and stock awards.
Year
2020
Total Compensation
$1.19M
Salary
$289.71K
Bonus
$579.42K
Other
$204.79K
Salary
$289.71KBoard Justification
The compensation philosophy aims to align executive compensation with company performance and shareholder interests, ensuring competitive pay to attract and retain talent.
Bonus
$579.42KBoard Justification
The bonus was based on the company's performance metrics for 2020, which included operating income, EBITDA, and earnings per share, with a maximum payout achieved due to exceeding performance targets.
Other Compensation
$204.79KBoard Justification
Other compensation includes health insurance premium payments, contributions to retirement plans, and other benefits.
Restricted Stock
Board Justification
This amount represents the fair value of restricted stock units that vested in 2020, based on the company's performance in the previous year.
Performance Metrics
The performance metrics for determining the CEO's compensation included operating income, EBITDA, and earnings per share.
Augustus "Gus" Griffin
Ex-CEO of MGP Ingredients
Education
Not specified
Field of Expertise
Sales & Marketing - Marketing
Sector of Economy
Consumer Defensive
Born
January 1, 1960 - 65 years ago
CEO of MGP Ingredients for
5 years 9 months (Jul 2014 - May 2020)
Previous Experience
Executive Vice President of Marketing for Next Level Spirits, Brand and Business Consultant for Nelson's Green Brier Distillery, 24 years with Brown-Forman
Other MGP Ingredients CEOs
Holdings
Track Augustus "Gus" Griffin's stock holdings and portfolio value over time.
Insider Trading
Augustus "Gus" Griffin's recent stock transactions, purchases, and sales filed with the SEC.
$61.61K
MGPI at $24.65/share
Mar 13, 2020
Purchase
3,533 shares
MGPI
Feb 12, 2020
Received
$119.38K
MGPI at $47.75/share
Aug 20, 2019
Purchase
9,975 shares
MGPI
Feb 25, 2019
Received
$111.00K
MGPI at $55.50/share
Dec 14, 2018
Purchase
$75.05K
MGPI at $75.05/share
Aug 7, 2018
Purchase
$76.33K
MGPI at $76.33/share
Mar 6, 2018
Purchase
9,691 shares
MGPI
Mar 6, 2018
Received
$154.66K
MGPI at $77.33/share
Mar 6, 2018
Received
9,586 shares
MGPI
Feb 15, 2017
Received
Rivals
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