David White is the CEO of Resources Connection, Inc. (RGP), a company he joined in August 2020. Under his leadership, the company has focused strongly on performance metrics to drive executive compensation. For 2023, David earned a total of $845,000,...

David White is the CEO of Resources Connection, Inc. (RGP), a company he joined in August 2020. Under his leadership, the company has focused strongly on performance metrics to drive executive compensation. For 2023, David earned a total of $845,000, mainly from his salary of $695,000 and a $150,000 bonus tied to the company's revenue and EBITDA goals. Notably, he had a challenging year in 2022, earning only $57,500 as performance metrics were not met, showing that his pay is highly performance-driven. As an executive, he has a history of making strategic stock trades, notably in 2022, where his insider transactions showed increasing confidence in RGP, with transactions peaking at $246,460 in February 2023. David's career has been marked by a clear focus on aligning compensation with company success, ensuring that the company's financial health directly influences executive rewards. His hands-on approach and commitment to performance metrics reflect a results-oriented leadership style that aims to bolster RGP’s competitive edge in the market.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Resources Connection, Inc. CEOs

R

David White

Ex-CEO of Resources Connection, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1970 - 55 years ago

CEO of Resources Connection, Inc. for

3 years 11 months (Aug 2020 - Jul 2024)

Previous Experience

Not specified

Rivals

Competitors/colleagues of David White

Holdings

See how much did David White make over time.

David White's insider trading activity reflects a significant level of confidence in Resources Connection, Inc. Over the past years, he has engaged in numerous stock sales. The peak of his trading came in early 2023 when he sold around $246,460...

David White's insider trading activity reflects a significant level of confidence in Resources Connection, Inc. Over the past years, he has engaged in numerous stock sales. The peak of his trading came in early 2023 when he sold around $246,460 worth of shares in February, showcasing a strong belief in the company’s direction following a stable increase in stock value. His trading history also shows more modest transactions of around $42K to $49K during 2021, ramping up throughout 2022 with larger sales, indicating a shift in financial strategy as the company gained traction. By late 2024, he continues to make transactions fluctuating up to $241K a month, suggesting that while he invests significantly, he also actively manages his holdings based on the company's performance and market conditions. This constant buying and selling reflects a proactive approach to his financial portfolio amidst a changing market landscape.

Total Stock Sold

$37.08K

RGP

$37.08K

2,753 RGP shares

What if they kept their stock?

If David White didn't sell their stock, today they would have:
Extra RGP2,753 shares worth $27.28K.
This is -26.43% and $9.80K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David White.

RGP

7,153 shares

RGP

Jan 2, 2024

Received

RGP

$36.71K

RGP at $13.34/share

Oct 31, 2023

Sale

RGP

5,393 shares

RGP

Jan 3, 2023

Received

RGP

5,534 shares

RGP

Jan 3, 2022

Received

RGP

2,741 shares

RGP

Jul 30, 2021

Received

Compensation History

See how much did David White make over time.

In 2023, David White's total compensation amounted to $845,000, a significant rise from just $57,500 in 2022. His pay structure is notably sensitive to the performance of Resources Connection, Inc. He earned a salary of $695,000 and a $150,000 bonus based on the achievement of key financial targets, specifically revenue growth and EBITDA metrics. Interestingly, in 2022, he received no bonus as the performance criteria were not met, which reflects his performance-oriented compensation philosophy. This system was designed to attract and retain top executive talent while ensuring pay is competitive with market benchmarks. In previous years, such as 2020, his compensation entirely depended on the incentive compensation plan, which underscores a focus on financial performance and accountability in his role as CEO. David's compensation illustrates a commitment to aligning executive pay with the overall success of Resources Connection, aiming to drive growth and shareholder value.

Year

2023

Total Compensation

$845.00K

Salary

$695.00K

Board Justification

The compensation philosophy aligns with company performance and aims to retain top executive talent while ensuring competitive pay based on market benchmarks.

Bonus

$150.00K

Board Justification

The bonus is based on the company's performance metrics, including revenue and EBITDA targets, and is paid out in cash.

Other

$0.00

Board Justification

No additional compensation was reported outside of salary and bonus.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus was on performance-based stock units which are contingent on achieving specific targets.

Performance Metrics

The performance metrics include revenue growth and EBITDA targets that directly influence the bonus structure.

Other Resources Connection, Inc. CEOs

Here are other CEOs of Resources Connection, Inc.

Kate W. Duchene

Ex-CEO of Resources Connection, Inc.

October 2016 - January 2018