In 2013, David E. Berges earned $2.17M in total compensation at Hexcel, including $1.02M salary and $1.00M bonus. Most recently sold 36,314 shares in Nov 2012. Currently holds stock worth $52.97M. Has donated $8.85M in stock to charitable causes. Led Hexcel as CEO for 6 years.
Compensation History
Annual executive compensation data for David E. Berges, including salary, bonuses, and stock awards.
Year
2013
Total Compensation
$2.17M
Salary
$1.02M
Bonus
$1.00M
Other
$143.67K
Salary
$1.02MBoard Justification
To attract, retain and motivate a high caliber of executive talent while ensuring that a significant portion of total target compensation is variable compensation based on company performance.
Bonus
$1.00MBoard Justification
Transition performance bonus of $1,000,000, payable in January 2014 upon the achievement of certain objectives set by the compensation committee to ensure the orderly transition of leadership to Mr. Stanage.
Other Compensation
$143.67KBoard Justification
Includes contributions to 401(k) retirement savings plan, cash in lieu of 401(k) contributions on earnings exceeding ERISA limits, premiums for life and long-term disability insurance, and other allowances.
Restricted Stock
Board Justification
No stock awards vested in 2013 as the focus was on cash and performance-based compensation for the year.
Performance Metrics
Performance was measured against three metrics: Adjusted EBIT, Cash from Operating Activities, and Adjusted Diluted Earnings per Share, with each component given equal weight.
David E. Berges
Ex-CEO of Hexcel
Education
Bachelor's degree in Business Administration from University of Michigan
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
May 1, 1954 - 71 years ago
CEO of Hexcel for
6 years 3 months (May 2007 - Aug 2013)
Previous Experience
President and Chief Executive Officer of Hexcel Corporation
Other Hexcel CEOs
Holdings
Track David E. Berges's stock holdings and portfolio value over time.
Total Stock Sold
$9.93M
$9.93M
475,675 HXL shares
What if they kept their stock?
If David E. Berges didn't sell their stock, today they would have:
Extra HXL475,675 shares worth $36.44M.
This is 266.8% and $26.50M more than what they got when they sold the stock.
Charitable Transactions
115,497 shares
HXL
Recent Charitable Transactions
51,110 shares
HXL
Dec 22, 2011
Charity
9,887 shares
HXL
Nov 17, 2011
Charity
37,000 shares
HXL
Nov 7, 2011
Charity
17,500 shares
HXL
Jun 9, 2010
Charity
Insider Trading
David E. Berges's recent stock transactions, purchases, and sales filed with the SEC.
$882.18K
HXL at $24.29/share
Nov 12, 2012
Sale
$918.21K
HXL at $25.29/share
Oct 31, 2012
Sale
51,110 shares
HXL
Dec 22, 2011
Charity
51,110 shares
HXL
Dec 22, 2011
Charity
9,887 shares
HXL
Nov 17, 2011
Charity
9,887 shares
HXL
Nov 17, 2011
Charity
37,000 shares
HXL
Nov 7, 2011
Charity
$1.80M
HXL at $22.32/share
Jul 11, 2011
Sale
$1.54M
HXL at $19.09/share
Jun 10, 2011
Sale
$1.76M
HXL at $21.80/share
May 10, 2011
Sale
Rivals
Compare David E. Berges with competitor CEOs and industry peers.
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Bonus
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Other
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Bonus
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2022 Compensation
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$34.11M
Salary
$1.27M
Bonus
$376.38K
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2023 Compensation
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$818.11K
Salary
$1.05M
Bonus
$2.24M
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$482.26K
Total Holdings
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John C. Plant
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2020 Compensation
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$37.35M
Salary
$1.60M
Bonus
$0.00
Other
$140.00K
Total Holdings
$3.26M