Sundar PichaiSundar Pichai earned $164M in 2023
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Bahram Akradi

Founder and Ex-CEO of Life Time Group Holdings

Education

Bachelor's degree in Business Administration from the University of Minnesota.

Field of Expertise

Business & Management

Born

March 1, 1967 - 57 years ago

Economy Sector

Consumer Cyclical

Tenure

3 years 2 months (Oct 2020 - Dec 2023)

Previous Experience

Founder of Life Time Fitness, Inc. and served as CEO since its inception until its public offering in 2015.

Bahram Akradi is the Founder and CEO of Life Time Group Holdings, a nationwide health and fitness company. He holds a Bachelor's degree in Business Administration from the University of Minnesota, a solid educational background for running a major business....

Year

2023

Total Compensation

$1.59M

Salary

$1.50M

Board Justification

The compensation philosophy emphasizes performance-based compensation aligned with company performance and stockholder interests, with a focus on attracting and retaining top executive talent.

Bonus

$0.00

Board Justification

No cash bonus was paid; instead, bonuses were issued in restricted stock units based on performance metrics.

Other

$89.46K

Board Justification

Other compensation includes car allowance, phone allowance, home connectivity allowance, executive long-term disability insurance, and personal administrative support costs.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the performance-based restricted stock units will vest in 2024 based on the achievement of Adjusted EBITDA targets.

Performance Metrics

The performance metrics for 2023 included achieving specified Adjusted EBITDA amounts, with payouts determined based on performance against these targets.