Sundar PichaiSundar Pichai earned $164M in 2023

Dale R. Olseth is a notable executive in the medical device industry, having served as the CEO of Surmodics, Inc. from 1986 until 2005, and later as Chairman. His leadership has been instrumental during pivotal moments for the company, particularly...

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Dale R. Olseth

Ex-CEO of Surmodics, Inc.

Education

Unknown

Field of Expertise

Business & Management

Sector of Economy

Healthcare

CEO of Surmodics, Inc. for

Until July 2005

Previous Experience

Unknown

Rivals

Competitors/colleagues of Dale R. Olseth

Holdings

See how much did Dale R. Olseth make over time.

Dale R. Olseth has made significant investments in Surmodics, holding approximately 1.3 million shares at one point, around 7.7% of the company. His wealth has seen fluctuations alongside his holdings, peaking when the stock price soared, and he was involved...

Total Stock Sold

$3.19M

SRDX

$3.19M

82,307 SRDX shares

What if they kept their stock?

If Dale R. Olseth didn't sell their stock, today they would have:
Extra SRDX82,307 shares worth $2.88M.
This is -9.79% and $312.26K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dale R. Olseth.

SRDX

6,302 shares

SRDX

Dec 4, 2023

Received

SRDX

5,535 shares

SRDX

Nov 30, 2022

Received

SRDX

4,552 shares

SRDX

Nov 30, 2021

Received

SRDX

$77.20K

SRDX at $59.75/share

Aug 31, 2021

Sale

SRDX

$90.10K

SRDX at $59.75/share

Apr 28, 2021

Sale

SRDX

$38.72K

SRDX at $59.75/share

Apr 16, 2021

Sale

SRDX

$270.07K

SRDX at $56.75/share

Mar 31, 2021

Sale

SRDX

4,273 shares

SRDX

Nov 30, 2020

Received

SRDX

10,947 shares

SRDX

Nov 25, 2019

Received

SRDX

11,006 shares

SRDX

Nov 27, 2018

Received

Compensation History

See how much did Dale R. Olseth make over time.

In 2005, Dale R. Olseth's total compensation reached about $2.67 million, which included a salary of $213,217 and a substantial performance-based bonus. His compensation package illustrates a clear alignment with company performance, as the bonus was tied to specific financial and operational objectives. Additionally, he vested stock options valued at approximately $1.47 million in that year. This approach to compensation, focusing on performance metrics like revenue and operating income, indicates a strategy designed to motivate executives to meet company goals. Overall, his compensation reflects a balanced approach to rewarding managerial success while aligning with shareholder interests.

Year

2005

Total Compensation

$1.73M

Salary

$213.22K

Board Justification

The compensation philosophy is designed to align the financial interests of executive officers with those of shareholders, focusing on performance-based incentives and retention strategies.

Bonus

$43.88K

Board Justification

The bonus is based on the achievement of certain financial and operational goals set for the fiscal year 2005, with a maximum bonus potential of 26.67% of base salary.

Other

$4.26K

Board Justification

This includes contributions made by the Company under its 401(k) plan and other benefits.

Restricted Stock

$1.47M(50K Common Stock)

Board Justification

The stock options granted to Dale R. Olseth that vested in 2005, allowing him to exercise these options.

Performance Metrics

The performance metrics for determining the compensation in 2005 included revenue and operating income goals.