Sundar PichaiSundar Pichai earned $164M in 2023

David Sandler has been with MSC Industrial Direct Co. since 1993, rising through the ranks to become CEO in 2005. His journey includes important roles in operations and information systems. David's leadership has seen the company through significant changes, focusing...

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David Sandler

Ex-CEO of MSC Industrial Direct Co.

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of MSC Industrial Direct Co. for

7 years 1 month (Nov 2005 - Jan 2013)

Previous Experience

Unknown

Holdings

See how much did David Sandler make over time.

David Sandler had significant equity holdings that played an essential role in his wealth management strategy. At one point, he held 183,418 restricted stock units, granted in 2010 with a grant date value estimated at nearly $10 million. These units...

Total Stock Sold

$36.86M

MSM

$36.86M

506,481 MSM shares

What if they kept their stock?

If David Sandler didn't sell their stock, today they would have:
Extra MSM506,481 shares worth $31.00M.
This is -15.9% and $5.86M less than what they got when they sold the stock.

Charitable Transactions

MSM

246,033 shares

MSM

Recent Charitable Transactions

MSM

19,279 shares

MSM

Jul 1, 2016

Charity

MSM

46,944 shares

MSM

Jun 30, 2016

Charity

MSM

21,178 shares

MSM

Dec 11, 2015

Charity

MSM

14,046 shares

MSM

Dec 11, 2015

Charity

MSM

32,678 shares

MSM

Oct 23, 2015

Charity

MSM

32,678 shares

MSM

Oct 23, 2015

Charity

Insider Trading

See recent insider trades of David Sandler.

MSM

9,639 shares

MSM

Jul 1, 2016

Charity

MSM

19,279 shares

MSM

Jul 1, 2016

Charity

MSM

46,944 shares

MSM

Jun 30, 2016

Charity

MSM

$111.75K

MSM at $74.50/share

May 17, 2016

Sale

MSM

$111.75K

MSM at $74.50/share

May 17, 2016

Sale

MSM

$411.19K

MSM at $75.99/share

May 10, 2016

Sale

MSM

$411.19K

MSM at $75.99/share

May 10, 2016

Sale

MSM

399 shares

MSM

Apr 26, 2016

Received

MSM

493 shares

MSM

Jan 26, 2016

Received

MSM

21,178 shares

MSM

Dec 11, 2015

Charity

Compensation History

See how much did David Sandler make over time.

David Sandler's compensation has been carefully structured throughout his time at MSC Industrial Direct. In 2013, his total compensation was $775,000, which mainly included his base salary. He did not participate in the incentive bonus plan, which reflected a focus on long-term company health over short-term rewards. From 2010, he received a special grant of restricted stock, though annual bonuses fluctuated based on the company's performance. His approach to compensation emphasizes aligning his pay with the company's success, ensuring that shareholders' interests come first. During tough economic times, bonuses were often absent or lower than previous years, demonstrating his commitment to responsible financial management.

Year

2013

Total Compensation

$775.00K

Salary

$775.00K

Board Justification

The compensation philosophy is to align executive compensation with company performance and shareholder interests, focusing on retention and incentivizing long-term growth.

Bonus

$0.00

Board Justification

Mr. Sandler does not participate in our annual incentive bonus plan.

Other

$0.00

Board Justification

Mr. Sandler is entitled to participate in all benefit plans generally available to associates, but no additional perks or compensation were specified.

Restricted Stock

$0.00(0 restricted stock units)

Board Justification

Mr. Sandler received a special grant of 183,418 restricted stock units with a grant date value of $9,999,949 on October 19, 2010. The vesting of these units is contingent on continued service as Executive Vice Chairman until December 31, 2014.

Performance Metrics

The performance metrics for Mr. Sandler's compensation are not directly tied to annual bonuses or stock options, as he does not participate in those programs.

Other MSC Industrial Direct Co. CEOs

Here are other CEOs of MSC Industrial Direct Co.