David Sedgwick is the President and CEO of CareTrust REIT, Inc., a company he joined in 2014. With a Bachelor's degree in Finance from Brigham Young University and an MBA from the University of Southern California, David has built a...

David Sedgwick is the President and CEO of CareTrust REIT, Inc., a company he joined in 2014. With a Bachelor's degree in Finance from Brigham Young University and an MBA from the University of Southern California, David has built a solid background in finance and leadership. Before becoming CEO in January 2022, he was the Chief Operating Officer and played a key role in the company's growth strategy. Notably, David has a unique connection to the previous CEO, Greg Stapley, as they are brothers-in-law. In 2023, his total compensation reached over $5 million, which includes a substantial annual cash incentive bonus based on company performance metrics like NFFO per share and ESG factors. His focus on aligning executive pay with long-term company goals reflects a strategic mindset. David's approach combines traditional finance education with real-world experience, crafted through years in various leadership roles at CareTrust and Ensign Group. Under his leadership, the company maintains a strong emphasis on sustainability and corporate responsibility, continuing to evolve in the competitive healthcare REIT market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other CareTrust CEOs

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David Sedgwick

CEO of CareTrust

Education

Bachelor's degree in Finance

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Real Estate

Born

January 1, 1976 - 49 years ago

CEO of CareTrust for

3 years 6 months (Jan 2022 - Present)

Previous Experience

President and Chief Operating Officer of CareTrust REIT, Inc.

Rivals

Competitors/colleagues of David Sedgwick

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Debra A. Cafaro

CEO of Ventas

2023 Compensation

Stock

$150.00K

Salary

$900.00K

Bonus

$300.00K

Other

$50.00K

Total Holdings

$131.01M

V

Peter J. Bulgarelli

CEO of Ventas

2023 Compensation

Stock

$150.00K

Salary

$950.00K

Bonus

$300.00K

Other

$100.00K

Total Holdings

$8.11M

S

Richard K. Matros

CEO of Sabra Healthcare

2023 Compensation

Stock

$4.34M

Salary

$925.00K

Bonus

$2.78M

Other

$0.00

Total Holdings

$38.33M

W

Shankh Mitra

CEO of Welltower

2023 Compensation

Stock

$8.12M

Salary

$1.20M

Bonus

$4.32M

Other

$26.70K

Total Holdings

$14.07M

O

Taylor Pickett

CEO of Omega Healthcare Investors

2023 Compensation

Stock

$0.00

Salary

$895.00K

Bonus

$428.44K

Other

$6.28K

Total Holdings

$25.05M

N

D. Eric Mendelsohn

CEO of National Health Investors

2023 Compensation

Stock

$246.50K

Salary

$500.00K

Bonus

$875.04K

Other

$9.90K

Total Holdings

$15.12M

Holdings

See how much did David Sedgwick make over time.

David Sedgwick's stake in CareTrust REIT is quite significant, highlighting his commitment to the company's future. As of 2023, he holds 85,603 vested shares, valued at approximately $1.85 million, based on stock performance. This vested value reflects his strategic focus...

David Sedgwick's stake in CareTrust REIT is quite significant, highlighting his commitment to the company's future. As of 2023, he holds 85,603 vested shares, valued at approximately $1.85 million, based on stock performance. This vested value reflects his strategic focus on aligning his interests with the company's success. His holdings have varied over the years, but his wealth is heavily tied to CareTrust stock. In 2022, he was awarded an additional 57,057 shares as part of long-term equity incentives, underlying his ongoing investment in the company's growth. Shareholder returns are also a priority, indicated by the performance metrics connected to his compensation. David's long-term vision seems to resonate with shareholders, given the robust framework for equity awards and how they correlate with company performance.

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Insider Trading

See recent insider trades of David Sedgwick.

No insider trades found for this CEO.

Compensation History

See how much did David Sedgwick make over time.

In 2023, David Sedgwick received total compensation of over $5 million. This includes an annual base salary of $800,000, a significant bonus of about $1.83 million, and vested stock worth around $1.85 million. His bonuses are performance-based, which means they depend on the company's success in various areas, including financial health and sustainability efforts. The structure of his compensation shows a clear alignment with the long-term goals of CareTrust, encouraging him to deliver strong results while considering the interests of shareholders. In 2022, his total compensation was about $3.93 million. Overall, his pay package reflects the market value of his role in navigating the company through challenges and opportunities.

Year

2023

Total Compensation

$4.49M

Salary

$800.00K

Board Justification

The compensation philosophy aims to align executive compensation with the Company’s corporate strategies, business objectives, and the creation of long-term value for stockholders, while avoiding excessive risk-taking.

Bonus

$1.83M

Board Justification

The annual cash incentive bonus target was set at 150% of his annual base salary, based on performance metrics including NFFO per share, capital deployment, average net debt to normalized run rate EBITDA, and ESG incentives.

Other

$9.90K

Board Justification

Other compensation includes 401(k) plan Company matching contributions.

Restricted Stock

$1.85M(85.6K RSU)

Board Justification

The stock that vested in 2023 includes restricted stock awards that were granted in prior years and met performance conditions for vesting.

Performance Metrics

The performance metrics for 2023 included NFFO per share, capital deployment, average net debt to normalized run rate EBITDA, and ESG incentives.

Other CareTrust CEOs

Here are other CEOs of CareTrust

Greg Stapley

Ex-CEO of CareTrust

June 2014 - January 2022