In 2021, C. Michael Petters earned $5.92M in total compensation at Huntington Ingalls Industries, including $1.00 salary, $2.75M bonus and $3.11M in stock. Most recently acquired 127 shares in Mar 2022. Currently holds stock worth $139.06M. Has donated $112.75M in stock to charitable causes. Led Huntington Ingalls Industries as CEO for 9 years.
Compensation History
Annual executive compensation data for C. Michael Petters, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$5.92M
Salary
$1.00
Bonus
$2.75M
Other
$60.19K
Salary
$1.00Board Justification
The compensation philosophy emphasizes a pay-for-performance culture, aligning executive compensation with the company's performance and stockholder interests.
Bonus
$2.75MBoard Justification
The annual incentive award for 2021 was evaluated based on Operating Margin (OM) and Operating Cash Flow (OCF) for the entire enterprise, resulting in a performance score that led to a bonus payout of $2,750,000.
Other Compensation
$60.19KBoard Justification
Other compensation includes contributions to retirement plans, health and welfare contributions, financial planning, and other perquisites.
Restricted Stock
Board Justification
The stock awards that vested in 2021 were based on performance metrics achieved during the previous three-year performance period from 2018 through 2020.
Performance Metrics
The performance metrics for the annual incentive plan included Operating Margin (OM) and Operating Cash Flow (OCF) for the entire enterprise.
C. Michael Petters
Ex-CEO of Huntington Ingalls Industries
Education
B.S. in Business Administration from the University of Florida.
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
February 12, 1964 - 61 years ago
CEO of Huntington Ingalls Industries for
9 years 10 months (Mar 2011 - Feb 2021)
Previous Experience
Various positions within Northrop Grumman, including Vice President and General Manager of Gulf Coast Operations.
Other Huntington Ingalls Industries CEOs
Holdings
Track C. Michael Petters's stock holdings and portfolio value over time.
Charitable Transactions
370,183 shares
HII
Recent Charitable Transactions
10,600 shares
HII
Dec 31, 2022
Charity
122,483 shares
HII
Mar 9, 2020
Charity
52,100 shares
HII
Dec 7, 2017
Charity
50,000 shares
HII
Dec 31, 2016
Charity
60,000 shares
HII
Dec 7, 2015
Charity
75,000 shares
HII
Oct 30, 2014
Charity
Insider Trading
C. Michael Petters's recent stock transactions, purchases, and sales filed with the SEC.
10,600 shares
HII
Dec 31, 2022
Charity
$26.21K
HII at $206.07/share
Mar 11, 2022
Received
$6.21M
HII at $204.15/share
Mar 1, 2022
Received
$17.35K
HII at $195.09/share
Mar 12, 2021
Received
$3.10M
HII at $178.41/share
Mar 1, 2021
Received
122,483 shares
HII
Mar 9, 2020
Charity
$6.02M
HII at $234.84/share
Feb 24, 2020
Received
$25.56K
HII at $200.12/share
Mar 8, 2019
Received
$10.81M
HII at $210.24/share
Feb 27, 2019
Received
$19.97K
HII at $264.03/share
Mar 9, 2018
Received
Rivals
Compare C. Michael Petters with competitor CEOs and industry peers.
Christopher E. Kubasik
CEO of L3Harris Technologies
2023 Compensation
Stock
$0.00
Salary
$1.54M
Bonus
$0.00
Other
$1.06M
Total Holdings
$5.89M
Roger A. Krone
CEO of Leidos Holdings
2022 Compensation
Stock
$0.00
Salary
$1.27M
Bonus
$0.00
Other
$34.30K
Total Holdings
$379.44K
Phebe N. Novakovic
CEO of General Dynamics
2023 Compensation
Stock
$14.04M
Salary
$1.70M
Bonus
$4.29M
Other
$699.78K
Total Holdings
$15.05M