In 2021, David-Jacques Farahi earned $3.33M in total compensation at Monarch Casino & Resort, including $750.00K salary, $1.28M bonus and $1.27M in stock. Most recently acquired 6,544 shares in Aug 2024. Currently holds stock worth $647.78K. Led Monarch Casino & Resort as CEO for 9 years.
Compensation History
Annual executive compensation data for David-Jacques Farahi, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$3.33M
Salary
$750.00K
Bonus
$1.28M
Other
$30.26K
Salary
$750.00KBoard Justification
The compensation policies are designed to attract, motivate, and retain talented executive officers, aligning with the long-term interests of the Company’s stockholders.
Bonus
$1.28MBoard Justification
The bonus for 2021 was based on exceeding the Adjusted EBITDA target by 23%, with a target bonus percentage set at 20% of the annual salary.
Other Compensation
$30.26KBoard Justification
This amount reflects the annual cost of the Company-owned automobile, including insurance and registration.
Restricted Stock
Board Justification
This amount reflects the dollar value of 15,000 shares of restricted Company’s stock, driven by the grant date closing price of the Company’s stock.
Performance Metrics
The performance metrics for the CEO's bonus were based on achieving the Adjusted EBITDA target.
David-Jacques Farahi
Ex-CEO of Monarch Casino & Resort
Education
MBA from Columbia Business School; BA in Economics and International Studies from Northwestern University.
Field of Expertise
Other - Hospitality
Sector of Economy
Consumer Cyclical
Born
January 1, 1982 - 43 years ago
CEO of Monarch Casino & Resort for
9 years 4 months (Apr 2012 - Sep 2021)
Previous Experience
Executive Director of Gaming Operations, Director of Investor Relations.
Other Monarch Casino & Resort CEOs
Holdings
Track David-Jacques Farahi's stock holdings and portfolio value over time.
Total Stock Sold
$6.51M
$6.51M
97,780 MCRI shares
What if they kept their stock?
If David-Jacques Farahi didn't sell their stock, today they would have:
Extra MCRI97,780 shares worth $9.39M.
This is 44.12% and $2.87M more than what they got when they sold the stock.
Insider Trading
David-Jacques Farahi's recent stock transactions, purchases, and sales filed with the SEC.
6,544 shares
AGS
Aug 12, 2024
Received
10,838 shares
AGS
Aug 9, 2023
Received
16,129 shares
AGS
Aug 5, 2022
Received
$1.35M
MCRI at $71.88/share
Nov 1, 2021
Sale
$3.68M
MCRI at $71.26/share
May 14, 2021
Sale
$1.27M
MCRI at $73.18/share
May 5, 2021
Sale
$123.80K
MCRI at $24.76/share
Nov 16, 2016
Sale
$93.78K
MCRI at $18.76/share
Mar 4, 2014
Sale
$48.48K
MCRI at $8.07/share
Sep 24, 2012
Received
Rivals
Compare David-Jacques Farahi with competitor CEOs and industry peers.
Keith E. Smith
CEO of Boyd Gaming
2023 Compensation
Stock
$16.70M
Salary
$1.55M
Bonus
$0.00
Other
$26.16K
Total Holdings
$239.98K
Michael D. Brown
CEO of Travel + Leisure
2023 Compensation
Stock
$1.80M
Salary
$1.10M
Bonus
$1.58M
Other
$266.39K
Total Holdings
$133.38M
Tom Reeg
CEO of Caesars Entertainment, Inc.
2023 Compensation
Stock
$12.50M
Salary
$2.00M
Bonus
$4.11M
Other
$336.59K
Total Holdings
$5.11M
Blake L. Sartini
Founder and CEO of Golden Entertainment
2022 Compensation
Stock
$0.00
Salary
$1.05M
Bonus
$0.00
Other
$300.86K
Total Holdings
$163.70M