In 2023, Daryl M. Adams earned $1.17M in total compensation at The Shyft Group, including $870.35K salary and $225.58K in stock. Most recently acquired 145,569 shares in Feb 2023. Led The Shyft Group as CEO for 8 years.
Compensation History
Annual executive compensation data for Daryl M. Adams, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.17M
Salary
$870.35K
Bonus
$0.00
Other
$70.86K
Salary
$870.35KBoard Justification
The compensation philosophy is designed to attract and retain qualified management, align interests with shareholders, and reward performance based on annual and long-term goals.
Bonus
$0.00Board Justification
Mr. Adams' annual incentive payment is prorated through the completion of his tenure as CEO on October 26, 2023, with a payout of 32% of target based on performance metrics.
Other Compensation
$70.86KBoard Justification
Includes club membership dues and reimbursement of legal fees incurred in connection with the Transition Agreement.
Restricted Stock
Board Justification
These RSUs are expected to vest in full on April 25, 2024, the expected date of the termination of Mr. Adams’ employment.
Performance Metrics
The performance metrics for Mr. Adams included Company Adjusted EBITDA, Free Cash Flow, and individual management business objectives.
Daryl M. Adams
Ex-CEO of The Shyft Group
Education
Masters in Business Administration from Michigan State University; Bachelor of Science in Industrial Management and Manufacturing from Lawrence Institute of Technology
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1962 - 63 years ago
CEO of The Shyft Group for
8 years 8 months (Feb 2015 - Oct 2023)
Previous Experience
Chief Operating Officer of The Shyft Group, Inc.; Chief Executive Officer of Midway Products Group; various management positions at Lear Corporation
Other The Shyft Group CEOs
Holdings
Track Daryl M. Adams's stock holdings and portfolio value over time.
Total Stock Sold
$7.15M
$7.15M
180,000 SHYF shares
What if they kept their stock?
If Daryl M. Adams didn't sell their stock, today they would have:
Extra SHYF180,000 shares worth $2.26M.
This is -68.43% and $4.89M less than what they got when they sold the stock.
Insider Trading
Daryl M. Adams's recent stock transactions, purchases, and sales filed with the SEC.
145,569 shares
SHYF
Feb 16, 2023
Received
16,937 shares
SHYF
Mar 30, 2022
Received
223,234 shares
SHYF
Feb 25, 2022
Received
$706.88K
SHYF at $47.13/share
Dec 15, 2021
Sale
$772.50K
SHYF at $51.50/share
Nov 15, 2021
Sale
$575.22K
SHYF at $38.35/share
Oct 15, 2021
Sale
$632.78K
SHYF at $42.19/share
Sep 15, 2021
Sale
$629.67K
SHYF at $41.98/share
Aug 16, 2021
Sale
$575.00K
SHYF at $38.33/share
Jul 15, 2021
Sale
$554.77K
SHYF at $36.98/share
Jun 15, 2021
Sale
Rivals
Compare Daryl M. Adams with competitor CEOs and industry peers.