Sundar PichaiSundar Pichai earned $164M in 2023
P

Brady D. Ericson

CEO of Phinia

Education

M.B.A., Duke University; B.S., Kettering University

Field of Expertise

Technology & Engineering - Engineering

Born

January 1, 1971 - 54 years ago

Economy Sector

Consumer Cyclical

Current Tenure

1 year 7 months (Jul 2023 - Present)

Previous Experience

President & General Manager (Fuel Systems and Aftermarket) at BorgWarner Inc.

Brady D. Ericson is the President and CEO of PHINIA Inc., a company formed after a spin-off from BorgWarner in 2023. Born in 1972, he has a solid background in engineering, holding a Bachelor's Degree in the field. Before leading...

Year

2023

Total Compensation

$970.00K

Salary

$500.00K

Board Justification

The compensation philosophy is designed to align executive pay with company performance, emphasizing a significant portion of compensation that is performance-based and at-risk, ensuring alignment with shareholder interests.

Bonus

$150.00K

Board Justification

The annual cash incentive bonus is performance-based, contingent on achieving specific financial goals that drive shareholder value for the year 2023.

Other

$20.00K

Board Justification

Other compensation includes benefits such as retirement contributions and health insurance premiums paid by the company.

Restricted Stock

$300.00K(10K common stock)

Board Justification

10,000 shares of common stock vested in 2023 as part of the long-term equity incentive plan, based on performance metrics achieved during the year.

Performance Metrics

Performance metrics for 2023 included financial targets such as revenue growth and EBITDA margins.