Charles A. Bacon, III has been at the helm of Limbach Holdings, Inc. since 2016, and he's got a solid background in the construction industry. He started with Limbach Holdings LLC in 2004 as President and has been key to...

Charles A. Bacon, III has been at the helm of Limbach Holdings, Inc. since 2016, and he's got a solid background in the construction industry. He started with Limbach Holdings LLC in 2004 as President and has been key to its growth. Before that, he led Bovis Lend Lease’s North and South American operations — a big player in construction management — where he climbed the ranks from superintendent to CEO. Born in 1961, he holds a Bachelor's in Business Administration, which helped him lay down the foundations of effective leadership. Through his years at Limbach, Mr. Bacon built a reputation for focusing on safety and efficiency, even co-founding the IIF CEO Forum to target injury reductions in construction. He’s now transitioning to a special advisor role and will officially retire from the Board after the 2023 annual meeting, marking a significant chapter in his career. Not just a suit, he believes in mentoring the next generation, working with initiatives like the ACE Mentorship Program to steer students towards construction careers.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Limbach Holdings, Inc. CEOs

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Charles A. Bacon, III

Ex-CEO of Limbach Holdings, Inc.

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1961 - 64 years ago

CEO of Limbach Holdings, Inc. for

6 years 8 months (Jul 2016 - Mar 2023)

Previous Experience

President and CEO of Limbach Holdings, Inc.

Rivals

Competitors/colleagues of Charles A. Bacon, III

Holdings

See how much did Charles A. Bacon, III make over time.

During his time at Limbach Holdings, Charles A. Bacon, III saw his stock holdings fluctuate significantly, reflecting the company's ups and downs. At his peak in January 2021, his holdings reached approximately $7.27 million, showing his commitment to the company....

During his time at Limbach Holdings, Charles A. Bacon, III saw his stock holdings fluctuate significantly, reflecting the company's ups and downs. At his peak in January 2021, his holdings reached approximately $7.27 million, showing his commitment to the company. However, after 2023, it seems the retirement and transition impacted his stock position, with substantial portions of his wealth now moving in different directions, although he still retained a meaningful stake in Limbach. The stock’s trajectory during his tenure mirrored the company’s expansion efforts, highlighting the intertwined nature of executive leadership and company performance over the years. As he steps down, the fate of his holdings will show how well Limbach can continue without his direct influence.

Mar 18, 2025

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shares

LMB @ $75.03

Total Stock Sold

$82.29K

LMB

$82.29K

11,533 LMB shares

What if they kept their stock?

If Charles A. Bacon, III didn't sell their stock, today they would have:
Extra LMB11,533 shares worth $38.06K.
This is -53.75% and $44.23K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Charles A. Bacon, III.

LMB

23,822 shares

LMB

Mar 8, 2023

Received

LMB

$24.99K

LMB at $5.70/share

May 27, 2022

Purchase

LMB

$24.45K

LMB at $6.85/share

Mar 24, 2022

Purchase

LMB

$24.84K

LMB at $7.65/share

Dec 8, 2021

Purchase

LMB

$39.54K

LMB at $10.12/share

Mar 31, 2021

Purchase

LMB

$49.45K

LMB at $9.40/share

Sep 29, 2020

Purchase

LMB

$79.46K

LMB at $6.62/share

Sep 3, 2020

Purchase

LMB

$13.60K

LMB at $2.72/share

Dec 10, 2019

Purchase

LMB

$165.07K

LMB at $2.75/share

Aug 21, 2019

Purchase

LMB

$34.49K

LMB at $4.75/share

Aug 21, 2019

Sale

Compensation History

See how much did Charles A. Bacon, III make over time.

In 2023, Charles A. Bacon, III's total compensation reached about $1.12 million, primarily due to an annual salary of $650,000. However, unlike previous years, he did not receive any bonuses or stock grants as he moved towards retirement. His earlier years revealed more significant bonuses and stock incentives, like in 2020 where he earned a total of nearly $1.84 million, thanks in part to performance metrics tied to the company’s financial growth. Notably, no stock options vested in 2023, marking a shift in his compensation landscape as he planned for his exit. The overall compensation reflects his leadership role and the company's performance, with a clear pivot in how executives are rewarded as they transition out.

Year

2023

Total Compensation

$1.11M

Salary

$164.23K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and retention strategies, focusing on attracting and retaining talented executives.

Bonus

$0.00

Board Justification

Mr. Bacon was eligible to receive a pro-rated portion of his 2023 cash bonus for the period from January 1, 2023 through April 30, 2023, but the exact amount is not specified in the provided text.

Other

$948.63K

Board Justification

The other compensation includes base salary continuation, a cash-based incentive bonus, accrued vacation time, and reimbursement for legal fees in connection with his Employment Transition Agreement.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as Mr. Bacon's unvested service-based RSUs were forfeited upon his retirement.

Performance Metrics

The performance metrics for determining Mr. Bacon's compensation included key business goals related to the company's financial performance.

Other Limbach Holdings, Inc. CEOs

Here are other CEOs of Limbach Holdings, Inc.

Michael M. McCann

CEO of Limbach Holdings, Inc.

March 2023 - Present