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David P. Storch served as the CEO of AAR Corp. from 2005 to 2018. He has a Bachelor's degree in Business Administration from the University of Michigan, which laid a solid foundation for his career in management. Under his leadership,...

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David P. Storch

Ex-CEO of AAR Corp

Education

Bachelor's degree in Business Administration from the University of Michigan.

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1956 - 69 years ago

CEO of AAR Corp for

12 years 7 months (Oct 2005 - May 2018)

Previous Experience

President and CEO of AAR Corp.

Holdings

See how much did David P. Storch make over time.

David P. Storch's holdings at AAR Corp. showed a marked evolution over his tenure. At one point, he had significant wealth tied up in performance-based stock options and restricted stock. For example, in 2017 alone, his total compensation reached over...

Total Stock Sold

$39.90M

AIR

$39.90M

930,514 AIR shares

What if they kept their stock?

If David P. Storch didn't sell their stock, today they would have:
Extra AIR930,514 shares worth $14.03M.
This is -64.83% and $25.87M less than what they got when they sold the stock.

Charitable Transactions

AIR

1,852,482 shares

AIR

Recent Charitable Transactions

AIR

675,423 shares

AIR

Oct 2, 2020

Charity

AIR

11,000 shares

AIR

Dec 23, 2019

Charity

AIR

72,816 shares

AIR

Oct 14, 2019

Charity

AIR

200,000 shares

AIR

Feb 5, 2019

Charity

AIR

6,400 shares

AIR

Oct 3, 2018

Charity

AIR

10,600 shares

AIR

Jul 31, 2018

Charity

Insider Trading

See recent insider trades of David P. Storch.

AIR

$781.70K

AIR at $39.09/share

Oct 13, 2022

Sale

AIR

$1.17M

AIR at $46.81/share

Aug 10, 2022

Sale

AIR

2,574 shares

AIR

Jun 1, 2022

Received

AIR

$3.63M

AIR at $50.16/share

Apr 12, 2022

Sale

AIR

$2.41M

AIR at $50.83/share

Mar 24, 2022

Sale

AIR

$2.04M

AIR at $40.76/share

Feb 2, 2022

Sale

AIR

$653.91K

AIR at $40.10/share

Jan 31, 2022

Sale

AIR

$351.54K

AIR at $40.44/share

Jan 27, 2022

Sale

AIR

2,937 shares

AIR

Jun 1, 2021

Received

AIR

$1.04M

AIR at $42.13/share

Apr 5, 2021

Sale

Compensation History

See how much did David P. Storch make over time.

During his time as CEO of AAR Corp., David P. Storch’s compensation varied significantly, reflecting the company's performance and challenges. In 2018, his total compensation was approximately $3.3 million, with a base salary of $750,000. Notably, he opted out of bonuses during times of financial uncertainty, demonstrating his commitment to the company’s integrity and future. In contrast, in his peak year of 2017, he earned over $6.3 million, boosted by a $1.7 million bonus linked to the company's earnings per share and working capital metrics. His compensation packages often included substantial stock options and performance-based awards, aligning his interests with those of the shareholders. Despite some fluctuations, his overall earnings showcased a dedication to performance-driven results within his leadership.

Year

2018

Total Compensation

$2.14M

Salary

$750.00K

Board Justification

The compensation philosophy emphasizes performance-based compensation, aligning executive pay with company performance and shareholder interests.

Bonus

$0.00

Board Justification

Mr. Holmes elected not to receive a Fiscal 2019 bonus due to the unforeseen customer bankruptcy and to demonstrate his commitment as Chief Executive Officer to the Company’s compliance program.

Other

$344.08K

Board Justification

Includes contributions to retirement plans, club dues, financial planning, and executive physical costs.

Restricted Stock

$1.04M(22.04K restricted stock)

Board Justification

22,036 shares of restricted stock vested during Fiscal 2019, valued at $1,044,727 based on the closing market price on the date of vesting.

Performance Metrics

Earnings per share from continuing operations and working capital turns.

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