Sundar PichaiSundar Pichai earned $164M in 2023

Dominick Zarcone is the CEO of LKQ Corporation, stepping into the role in May 2017 after serving as the Chief Financial Officer. His leadership style has emphasized financial performance, which is clear from his compensation structure. In 2023, he earned...

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Dominick Zarcone

Ex-CEO of LKQ

Education

MBA from Northwestern University’s J.L. Kellogg Graduate School of Management

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

April 15, 1960 - 65 years ago

CEO of LKQ for

7 years 1 month (May 2017 - Jun 2024)

Previous Experience

Managing Director and Chief Financial Officer of Baird Financial Group

Rivals

Competitors/colleagues of Dominick Zarcone

Holdings

See how much did Dominick Zarcone make over time.

Dominick Zarcone's stock holdings have fluctuated notably over his tenure at LKQ Corporation, peaking at approximately $31.36 million in March 2023. These holdings have shown resilience throughout his leadership, with substantial values recorded as he navigated varying market conditions. His...

Total Stock Sold

$12.22M

LKQ

$12.22M

237,000 LKQ shares

What if they kept their stock?

If Dominick Zarcone didn't sell their stock, today they would have:
Extra LKQ237,000 shares worth $6.23M.
This is -49.05% and $6.00M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dominick Zarcone.

LKQ

$184.22K

LKQ at $36.84/share

Jan 2, 2025

Sale

GNRC

$22.52K

GNRC at $140.72/share

Aug 2, 2024

Received

GNRC

$177.55K

GNRC at $133.00/share

May 3, 2024

Received

LKQ

$10.39M

LKQ at $51.97/share

Mar 1, 2024

Sale

LKQ

135,476 shares

LKQ

Feb 22, 2024

Received

GNRC

191 shares

GNRC

Feb 16, 2024

Received

GNRC

213 shares

GNRC

Nov 3, 2023

Received

LKQ

$1.66M

LKQ at $51.74/share

Sep 1, 2023

Sale

GNRC

199 shares

GNRC

Aug 4, 2023

Received

GNRC

1,394 shares

GNRC

May 5, 2023

Received

Compensation History

See how much did Dominick Zarcone make over time.

In terms of compensation, Dominick Zarcone's total earnings as CEO of LKQ Corporation have been closely tied to the company's performance metrics. In 2023, he made about $13.4 million, which includes a base salary of $1.1 million, a bonus of over $2.2 million for achieving EBITDA benchmarks, and vested stock worth around $7.3 million. His structured compensation approach aims to align his interests with company performance, showing that he benefits when LKQ does well. Over the years, his earnings have significantly varied; for example, in 2021, he received nearly $4 million in bonus alone due to strong results. Such performance-based pay structures have motivated Zarcone and his leadership team to meet ambitious targets, ensuring that their strategies translate to tangible results for the business and its investors.

Year

2023

Total Compensation

$10.72M

Salary

$1.10M

Board Justification

The compensation philosophy aims to attract, motivate, reward, and retain management talent to achieve corporate objectives and increase stockholder value, with a significant portion of compensation tied to performance metrics.

Bonus

$2.19M

Board Justification

The 2023 annual bonuses were based on EBITDA, EBITDA margin percentage, and cash flow, resulting in a payout of 134.5% of target for corporate performance.

Other

$168.01K

Board Justification

Other compensation includes standard health and welfare benefits, life insurance, and retirement plan contributions.

Restricted Stock

$7.26M(130.42K RSU)

Board Justification

The stock awards that vested in 2023 include Performance-Based Restricted Stock Units (PSUs) that were granted in prior years, with one-third of the PSU-1s granted in 2023 vesting due to achieving positive diluted EPS.

Performance Metrics

The performance metrics for determining compensation included EBITDA, EBITDA margin percentage, and cash flow.

Other LKQ CEOs

Here are other CEOs of LKQ