During his tenure as CEO of Spectrum Brands, David R. Lumley held substantial stock and stock options in the company. His holdings peaked in 2015 when his total compensation reached over $11 million. A significant portion of this was stock-based,...
During his tenure as CEO of Spectrum Brands, David R. Lumley held substantial stock and stock options in the company. His holdings peaked in 2015 when his total compensation reached over $11 million. A significant portion of this was stock-based, particularly linked to performance metrics like adjusted EBITDA. This structure incentivized Lumley to focus on the company's long-term growth and profitability. Despite fluctuations in stock prices over the years, his wealth remained tied closely to the performance of Spectrum Brands, showing that he had significant skin in the game for the company’s success. After his departure, he would have still had vested interests that aligned with the company's future performance.