Sundar PichaiSundar Pichai earned $164M in 2023

Augustus "Gus" Griffin served as the CEO and President of MGP Ingredients Inc. from July 2014 until May 2020. Prior to joining MGP, he had a versatile career, working as the executive vice president of marketing for Next Level Spirits...

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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

Holdings

See how much did Augustus "Gus" Griffin make over time.

During his time at MGP Ingredients, Gus Griffin's stock holdings fluctuated significantly. Although specific numbers for stock holdings are not detailed in the data, his performance-driven approach allowed him to accumulate substantial value from stock awards during peak business years....

Mar 11, 2025

Insider Trading

See recent insider trades of Augustus "Gus" Griffin.

MGPI

$61.61K

MGPI at $24.65/share

Mar 13, 2020

Purchase

MGPI

3,533 shares

MGPI

Feb 12, 2020

Received

MGPI

$119.38K

MGPI at $47.75/share

Aug 20, 2019

Purchase

MGPI

9,975 shares

MGPI

Feb 25, 2019

Received

MGPI

$111.00K

MGPI at $55.50/share

Dec 14, 2018

Purchase

MGPI

$75.05K

MGPI at $75.05/share

Aug 7, 2018

Purchase

MGPI

$76.33K

MGPI at $76.33/share

Mar 6, 2018

Purchase

MGPI

9,691 shares

MGPI

Mar 6, 2018

Received

MGPI

$154.66K

MGPI at $77.33/share

Mar 6, 2018

Received

MGPI

9,586 shares

MGPI

Feb 15, 2017

Received

Compensation History

See how much did Augustus "Gus" Griffin make over time.

Gus Griffin's compensation at MGP Ingredients varied significantly over the years reflecting corporate performance and his leadership impact. His salary started at $375,000 upon joining in 2014 and increased to approximately $655,000 by 2019. His total compensation reached as high as $2.15 million in 2018, thanks to performance bonuses linked to the company's operating income, EBITDA, and earnings per share. He received substantial stock awards as well, with over $700,000 in vested stock value around 2018. His compensation package was designed to align with company goals, rewarding him for exceeding performance targets and fostering growth in the spirits sector. He stepped down in May 2020, concluding a compensation tenure that reflected MGP's upward trajectory under his guidance.

Year

2020

Total Compensation

$1.19M

Salary

$289.71K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and shareholder interests, ensuring competitive pay to attract and retain talent.

Bonus

$579.42K

Board 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

$204.79K

Board Justification

Other compensation includes health insurance premium payments, contributions to retirement plans, and other benefits.

Restricted Stock

$120.97K(120.97K RSU)

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.

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