Avner M. Applbaum became the President and CEO of Valmont Industries on July 10, 2023, bringing over 20 years of experience in finance and operations. Prior to this role, he served as the Executive Vice President and Chief Financial Officer...

Avner M. Applbaum became the President and CEO of Valmont Industries on July 10, 2023, bringing over 20 years of experience in finance and operations. Prior to this role, he served as the Executive Vice President and Chief Financial Officer at Valmont since 2020. His educational background includes a Bachelor's degree in Accounting and Finance, which laid the foundation for his expertise in the financial sector. Avner has held significant positions in various manufacturing companies, with notable stints at Double E Company and Aerostar Aerospace. Under his leadership, Valmont aims to enhance its financial performance and drive growth. In 2023, Avner’s total compensation was $5.96 million, reflecting a significant investment by the company in performance-based incentives. His hands-on experience and strategic planning are key assets in navigating the complexities of the manufacturing industry. He is also known for actively engaging in insider trading, making thousands of dollars from strategic stock trades. His career trajectory shows a consistent rise in both responsibility and financial results, positioning him as a pivotal figure within Valmont Industries.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Valmont Industries CEOs

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Avner M. Applbaum

CEO of Valmont Industries

Education

Bachelor's degree in Accounting and Finance

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

May 20, 1971 - 53 years ago

CEO of Valmont Industries for

1 year 9 months (Jul 2023 - Present)

Previous Experience

Chief Financial Officer and Chief Operating Officer of Double E Company

Rivals

Competitors/colleagues of Avner M. Applbaum

A

Kevin J. Wheeler

CEO of A. O. Smith

2023 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$1.94M

Other

$236.98K

Total Holdings

$6.07M

A

John H. Stone

CEO of Allegion

2023 Compensation

Stock

$1.38M

Salary

$1.03M

Bonus

$0.00

Other

$9.00K

Total Holdings

$27.03M

Holdings

See how much did Avner M. Applbaum make over time.

Avner Applbaum's insider trading activity shows a strong upward trend in stock value. His insider trades have gradually increased, peaking at $4.89 million in September 2023. Earlier, in 2020, his trades began at a modest level, with transactions around $100K...

Avner Applbaum's insider trading activity shows a strong upward trend in stock value. His insider trades have gradually increased, peaking at $4.89 million in September 2023. Earlier, in 2020, his trades began at a modest level, with transactions around $100K per month. By early 2023, his trading volume surged significantly, reaching peaks of over $2.59 million in March. This reflects Applbaum's growing confidence in Valmont's stock performance. As of now, most of his wealth appears to be tied in company stock, with fluctuations indicating a robust belief in the company's future. He has shown a pattern of capitalizing on Valmont's growth, and this engagement suggests a commitment not only to his position but also to the shareholders.

Insider Trading

See recent insider trades of Avner M. Applbaum.

VMI

4,726 shares

VMI

Dec 11, 2023

Received

VMI

5,778 shares

VMI

Feb 26, 2024

Received

VMI

1,133 shares

VMI

Jul 31, 2023

Received

VMI

5,002 shares

VMI

Feb 27, 2023

Received

VMI

904 shares

VMI

Dec 12, 2022

Received

VMI

1,796 shares

VMI

Feb 21, 2022

Received

VMI

1,144 shares

VMI

Dec 13, 2021

Received

VMI

1,428 shares

VMI

Dec 14, 2020

Received

VMI

979 shares

VMI

Mar 30, 2020

Received

Compensation History

See how much did Avner M. Applbaum make over time.

In 2023, Avner Applbaum's total compensation as CEO of Valmont Industries reached approximately $5.96 million. His pay includes a base salary of $950,000 and a substantial bonus of nearly $938,000, which was largely influenced by improvements in net earnings and revenue growth. Additionally, he received extensive stock awards, valued at over $2.55 million, as part of long-term performance incentives tied to the company's financial goals. His compensation is structured to motivate performance and align his interests with those of the shareholders. Over the past few years, his pay has steadily increased, reflecting both his rising responsibilities and the company's performance under his leadership. Applbaum's compensation strategy emphasizes long-term success, aiming to attract and retain top talent while aligning with shareholder value.

Year

2023

Total Compensation

$3.57M

Salary

$950.00K

Board Justification

Valmont's compensation programs are designed to attract, retain, and motivate executives while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$937.98K

Board Justification

The annual incentive for 2023 was based 75% on net earnings improvement and 25% on revenue growth, with a payout of 121.3% of target for corporate executives.

Other

$86.48K

Board Justification

Includes contributions to the 401(k) plan and personal use of Company aircraft.

Restricted Stock

$1.60M(6.78K performance shares)

Board Justification

The long-term performance incentives for 2021-2023 were based on a combination of three-year average ROIC and cumulative compound operating income growth, resulting in a payout at 200% of target.

Performance Metrics

The performance metrics for 2023 included net earnings improvement and revenue growth.

Other Valmont Industries CEOs

Here are other CEOs of Valmont Industries

Stephen G. Kaniewski

Ex-CEO of Valmont Industries

December 2017 - July 2023