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...

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 PHINIA, Ericson spent over two decades at BorgWarner, where he held various high-level positions, including Chief Strategy Officer. He has a track record of working in different countries, which gives him a global perspective on business. In 2023, his compensation included a base salary of $500,000, a performance-based bonus of $150,000, and stock awards that amounted to $300,000, making a total of $670,000 for the year. Ericson is known for his straightforward approach to business challenges, believing that traditional internal combustion technologies will play a crucial role in the future of transportation solutions. Under his leadership, the company aims to tackle big industry goals using innovative strategies.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Brady D. Ericson

CEO of Phinia

Education

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

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

January 1, 1971 - 54 years ago

CEO of Phinia for

1 year 10 months (Jul 2023 - Present)

Previous Experience

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

Rivals

Competitors/colleagues of Brady D. Ericson

Holdings

See how much did Brady D. Ericson make over time.

Brady D. Ericson's financial holdings reflect a significant commitment to PHINIA. In 2023, his stock awards from the company totaled around $300,000. These vested shares come as part of a long-term equity incentive plan that aligns his interests with the...

Brady D. Ericson's financial holdings reflect a significant commitment to PHINIA. In 2023, his stock awards from the company totaled around $300,000. These vested shares come as part of a long-term equity incentive plan that aligns his interests with the company's performance. This way of structuring compensation aims to push for better results at PHINIA while giving Ericson a vested interest in the company’s future success. At the end of 2023, he had 308,545 shares valued at approximately $9.3 million. This illustrates how much Ericson believes in the company's direction and his role in it, showing significant skin in the game. His strategic decisions are expected to influence not just operational performance but also stock market responses significantly.

Total Stock Sold

$6.50M

BWA

$6.50M

177,136 BWA shares

What if they kept their stock?

If Brady D. Ericson didn't sell their stock, today they would have:
Extra BWA177,136 shares worth $4.93M.
This is -24.18% and $1.57M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Brady D. Ericson.

BWA

14,620 shares

BWA

Apr 26, 2023

Received

BWA

$2.03M

BWA at $50.76/share

Mar 3, 2023

Sale

BWA

$949.25K

BWA at $46.63/share

Feb 8, 2023

Received

BWA

13,386 shares

BWA

Feb 17, 2022

Received

BWA

14,931 shares

BWA

Feb 8, 2022

Received

BWA

$684.09K

BWA at $50.99/share

May 14, 2021

Sale

BWA

14,850 shares

BWA

Mar 29, 2021

Received

BWA

7,411 shares

BWA

Feb 6, 2021

Received

BWA

$385.94K

BWA at $37.55/share

Jun 8, 2020

Sale

BWA

$916.37K

BWA at $31.43/share

May 29, 2020

Sale

Compensation History

See how much did Brady D. Ericson make over time.

In 2023, Brady D. Ericson's compensation as CEO of PHINIA Inc. was a mix of base salary, bonuses, and stock awards. His base salary was $500,000, which is a standard figure for a CEO in a company of this size. He received a performance bonus of $150,000, which is contingent on achieving financial targets. Additionally, he vested in stock awards worth about $300,000 as part of a long-term equity incentive plan. This total pushed his overall compensation to $670,000 in 2023. The structure of this compensation reflects a focus on performance, as a significant portion is tied to achieving specific company goals. This at-risk pay structure aligns the interests of the CEO with those of the shareholders, encouraging performance that drives the company's value.

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.