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B. Ben Baldanza is a significant figure in the airline industry, having served as the President and CEO of Spirit Airlines from 2005 until January 2016. He graduated from the University of Michigan and specialized in aviation, which helped him...

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B. Ben Baldanza

Ex-CEO of Spirit Airlines

Education

Bachelor's degree from the University of Michigan

Field of Expertise

Transportation & Logistics - Aviation

Sector of Economy

Industrials

Born

January 1, 1965 - 60 years ago

CEO of Spirit Airlines for

11 years 0 months (Jan 2005 - Jan 2016)

Previous Experience

President and Chief Executive Officer of Spirit Airlines, Inc.

Rivals

Competitors/colleagues of B. Ben Baldanza

Holdings

See how much did B. Ben Baldanza make over time.

Ben Baldanza's insider trading activity reveals a significant and fluctuating wealth tied to Spirit Airlines. At one point, in 2020, his holdings peaked around $4.65 million, showcasing strong confidence in the company's performance. His wealth saw ups and downs as...

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Total Stock Sold

$13.21M

SAVE

$13.21M

498,000 SAVE shares

What if they kept their stock?

If B. Ben Baldanza didn't sell their stock, today they would have:
Extra SAVE498,000 shares worth $10.47M.
This is -20.75% and $2.74M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of B. Ben Baldanza.

SAVE

$82.82K

SAVE at $41.41/share

Dec 16, 2015

Purchase

SAVE

$212.95K

SAVE at $42.59/share

Dec 14, 2015

Purchase

SAVE

53,063 shares

SAVE

Feb 18, 2015

Received

SAVE

$1.23M

SAVE at $82.18/share

Nov 28, 2014

Sale

SAVE

$370.00K

SAVE at $74.00/share

Nov 3, 2014

Sale

SAVE

$740.00K

SAVE at $74.00/share

Nov 3, 2014

Sale

SAVE

$355.00K

SAVE at $71.00/share

Oct 28, 2014

Sale

SAVE

13,249 shares

SAVE

Mar 4, 2014

Received

SAVE

63,803 shares

SAVE

Jan 16, 2014

Received

SAVE

$159.00K

SAVE at $31.80/share

Jul 1, 2013

Sale

Compensation History

See how much did B. Ben Baldanza make over time.

In 2016, Ben Baldanza's reported compensation was $524,104, primarily from a severance package after his abrupt termination in January of that year. Before that, in 2015, he earned $2,091,385, which included a significant annual cash bonus tied to performance metrics, hitting 59.90% of its target. His base salary fluctuated around $496,025, reflecting the competitive pay structure in the aviation sector. Historically, his compensation was structured to encourage performance tied closely to the company's operational efficiency and growth, showcasing the need for alignment between executive pay and shareholder interests. The 2015 performance metrics highlighted both operational challenges and successes, further emphasizing the pressures executives face in delivering consistent results. His departure also marked a transition in Spirit's leadership, setting the stage for a new chapter in the company's story.

Year

2016

Total Compensation

$524.10K

Salary

$3.85K

Board Justification

The compensation philosophy is designed to attract and retain executives while aligning their interests with those of shareholders, focusing on performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was awarded for 2016 due to termination of employment on January 4, 2016.

Other

$520.26K

Board Justification

Severance payment received upon termination of employment, including COBRA coverage.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted in 2016 as his employment ended on January 4, 2016.

Performance Metrics

N/A as Mr. Baldanza's employment ended before performance metrics could be applied.

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