Sundar PichaiSundar Pichai earned $164M in 2023

David Montgomery is the CEO of Tempur Sealy International, a leader in the bedding industry. He's been with the company since 2003, rising to the role of CEO in 2016. Under his leadership, the company's financial performance has seen significant...

Quick Links
S

David Montgomery

Ex-CEO of Tempur Sealy International

Education

Not specified

Sector of Economy

Consumer Cyclical

CEO of Tempur Sealy International for

3 years 11 months (Jan 2016 - Jan 2020)

Previous Experience

Not specified

Rivals

Competitors/colleagues of David Montgomery

Holdings

See how much did David Montgomery make over time.

David Montgomery's stock holdings in Tempur Sealy International have seen impressive highs, with his net worth reaching around $50 million in early 2021. His holdings fluctuated from about $21.98 million to $47.65 million during this time, showing a keen response...

Insider Trading

See recent insider trades of David Montgomery.

No insider trades found for this CEO.

Compensation History

See how much did David Montgomery make over time.

David Montgomery's compensation as CEO of Tempur Sealy has varied over the years, reflecting the company’s performance and strategic decisions. In 2020, he earned a total of approximately £1.15 million, primarily through a performance-based bonus structure. This includes a base salary, annual incentive payments, and contributions to retirement plans. His compensation plan is designed to attract and keep top talent while aligning his interests with those of shareholders. However, in 2019, due to the company's underperformance, he received no bonus, highlighting the direct link between company success and executive pay. The compensation model reflects a philosophy aimed at maximizing shareholder value, demonstrating that Montgomery's pay is closely tied to performance metrics primarily based on adjusted EBITDA goals. This creates a strong incentive for him to focus on profitability and operational efficiency within the company, ensuring that both he and the shareholders benefit when the company thrives.

Year

2020

Total Compensation

$1.15M

Salary

$420.49K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain top executive talent, aligning their interests with those of shareholders through performance-based compensation.

Bonus

$630.74K

Board Justification

Annual Incentive Payment based on performance metrics achieved for 2020.

Other

$101.69K

Board Justification

Includes contributions to qualified defined contribution plans and other benefits.

Restricted Stock

$0.00(0 RSUs and PRSUs)

Board Justification

No stock vested in 2020 as the focus is on performance-based awards that vest over time.

Performance Metrics

The performance metrics for 2020 included achieving specific adjusted EBITDA targets.