Barry Litwin is the Chief Executive Officer of Global Industrial Company, a role he has held since January 2019 after previously leading Adorama, a major electronics retailer. With a BS from Indiana University and an MBA in Operations from Loyola...

Barry Litwin is the Chief Executive Officer of Global Industrial Company, a role he has held since January 2019 after previously leading Adorama, a major electronics retailer. With a BS from Indiana University and an MBA in Operations from Loyola University, Barry has a strong background in e-commerce and retail strategies. In 2022, he earned a total compensation of over $5.18 million, primarily from performance-based bonuses reflecting the company's results. During his leadership at Global Industrial, he focused on aligning executive pay with company performance through targeted incentives. That year, Barry successfully executed business strategies that led to significant revenue growth. Interestingly, he also had a diverse portfolio of personal investments, peaking at $6.70 million in 2024, highlighting his confidence in the company's direction. Known for his adaptability, Barry played a crucial role in navigating the challenges posed by supply chain issues and inflation during his tenure. His recent departure from the CEO role comes as Global Industrial continues to evolve in a competitive market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Global Industrial CEOs

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Barry Litwin

Ex-CEO of Global Industrial

Education

BS degree from Indiana University and an MBA in Operations from Loyola University, Quinlan School of Business

Sector of Economy

Industrials

Born

January 1, 1967 - 58 years ago

CEO of Global Industrial for

5 years 7 months (Jan 2019 - Aug 2024)

Previous Experience

Chief Executive Officer of Adorama, Inc.

Rivals

Competitors/colleagues of Barry Litwin

Holdings

See how much did Barry Litwin make over time.

Barry Litwin's holdings exhibited interesting fluctuations during his time as CEO. His personal investments in Global Industrial started at around $3.29 million in late 2021 and steadily increased, showcasing his confidence in the company's growth potential. By the start of...

Barry Litwin's holdings exhibited interesting fluctuations during his time as CEO. His personal investments in Global Industrial started at around $3.29 million in late 2021 and steadily increased, showcasing his confidence in the company's growth potential. By the start of 2024, his holdings peaked at over $6.70 million, reflecting not only his stake in the company but also his insightful management decisions. Throughout 2023, the value of his holdings frequently crossed the $4 million mark, demonstrating stability and consistent performance in a volatile market. These figures indicate Barry’s strong commitment to the company’s future, aligning his financial interests with that of the shareholders. As he moves on from the CEO position, it remains to be seen how these investments will evolve in response to Global Industrial's trajectory.

Total Stock Sold

$35.94K

GIC

$35.94K

817 GIC shares

What if they kept their stock?

If Barry Litwin didn't sell their stock, today they would have:
Extra GIC817 shares worth $30.07K.
This is -16.34% and $5.87K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Barry Litwin.

GIC

19,027 shares

GIC

Jan 7, 1924

Received

GIC

29,034 shares

GIC

Jan 7, 2023

Received

GIC

30,003 shares

GIC

Jul 1, 2022

Received

GIC

17,903 shares

GIC

Jan 7, 2022

Received

GIC

$35.95K

GIC at $44.00/share

Nov 23, 2021

Sale

Compensation History

See how much did Barry Litwin make over time.

In 2022, Barry Litwin's total compensation reached over $5.18 million, a significant increase compared to previous years, thanks largely to performance-driven bonuses that aligned with Global Industrial's financial goals. His base salary was set at $955,000, complemented by a non-equity incentive bonus of approximately $1.7 million tied to the company’s performance metrics. Notably, the majority of his compensation came from variable sources designed to reflect the company’s success in meeting key financial objectives. This structure showcases how Global Industrial's compensation philosophy aims to attract top talent by linking executive rewards to company performance rather than fixed salaries. Barry’s rich experience in the industry helps him understand the critical balance between risk and reward in compensation.

Year

2022

Total Compensation

$6.89M

Salary

$955.00K

Board Justification

The compensation philosophy aims to attract and retain top talent, aligning executive compensation with company performance and shareholder interests through a mix of fixed and variable compensation.

Bonus

$1.70M

Board Justification

The annual non-equity incentive compensation is based on the achievement of Company-based performance objectives, with a target bonus of 135% of annual base salary, contingent on performance metrics.

Other

$4.24M

Board Justification

Other compensation includes auto-allowance, transportation related expenses, and contributions to the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants vested in 2022 as the focus is on the compensation that is paid out, excluding stock grants and options.

Performance Metrics

The performance metrics include adjusted operating income and net sales targets, among other financial and non-financial objectives.

Other Global Industrial CEOs

Here are other CEOs of Global Industrial

Richard B. Leeds

CEO of Global Industrial

August 2024 - Present