In 2021, Dr. R. Scott B. Hartnett earned $9.19M in total compensation at RBC Bearings, including $900.00K salary, $2.25M bonus and $5.99M in stock. Most recently acquired 8 shares in Oct 2023. Currently holds stock worth $4.04M. 8+ years at the helm of RBC Bearings.
Compensation History
Annual executive compensation data for Dr. R. Scott B. Hartnett, including salary, bonuses, and stock awards.
Year
2021
Total Compensation
$9.19M
Salary
$900.00K
Bonus
$2.25M
Other
$55.74K
Salary
$900.00KBoard Justification
The compensation program is designed to attract and retain top quality executives by providing competitive cash compensation based on corporate performance, individual performance, and long-term stockholder value.
Bonus
$2.25MBoard Justification
The bonus is based on the Company's performance against its EBITDA plan for the fiscal year, with a maximum payout of 250% of base salary for achieving over 120% of the EBITDA target.
Other Compensation
$55.74KBoard Justification
Includes reimbursement of personal expenses, healthcare expenses, and a company-owned vehicle.
Restricted Stock
Board Justification
The stock awarded is based on the prior fiscal year’s EBITDA and ROIC performance against the plans established at the beginning of the prior fiscal year, with the value of the award being $5,985,000.
Performance Metrics
The performance metrics for determining the CEO's compensation are primarily based on EBITDA performance.
Dr. R. Scott B. Hartnett
CEO of RBC Bearings
Education
Dr. Hartnett holds a Bachelor of Science degree in Mechanical Engineering from the University of Connecticut, a Master of Business Administration from the University of Michigan, and a Doctorate in Business Administration from Harvard University.
Field of Expertise
Technology & Engineering - Engineering
Sector of Economy
Industrials
Born
January 1, 1968 - 57 years ago
CEO of RBC Bearings for
8 years 6 months (Jun 2017 - Present)
Previous Experience
Prior to joining RBC, Dr. Hartnett served as President of the Aerospace and Defense Segment of Goodrich Corporation, where he was responsible for a $2 billion business unit. He has also held various leadership roles at United Technologies Corporation and General Electric Company.
Holdings
Track Dr. R. Scott B. Hartnett's stock holdings and portfolio value over time.
Insider Trading
Dr. R. Scott B. Hartnett's recent stock transactions, purchases, and sales filed with the SEC.
$1.09K
RRX at $129.91/share
Oct 13, 2023
Received
$1.09K
RRX at $148.68/share
Jul 14, 2023
Received
$1.09K
RRX at $131.66/share
Apr 14, 2023
Received
1,966 shares
RRX
Feb 23, 2023
Received
4,520 shares
RRX
Feb 17, 2023
Received
$846.91
RRX at $137.33/share
Jan 13, 2023
Received
$1.72K
RRX at $129.30/share
Jul 14, 2022
Received
1,660.875 shares
RRX
May 6, 2022
Received
$3.66K
RRX at $137.88/share
Apr 14, 2022
Received
$1.21K
RRX at $137.88/share
Apr 14, 2022
Received
Rivals
Compare Dr. R. Scott B. Hartnett with competitor CEOs and industry peers.
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
Tod E. Carpenter
CEO of Donaldson Company
2022 Compensation
Stock
$0.00
Salary
$1.06M
Bonus
$1.28M
Other
$182.89K
Total Holdings
$850.82K
Mark W. Sheahan
CEO of Graco
2023 Compensation
Stock
$0.00
Salary
$985.00K
Bonus
$1.30M
Other
$26.76K
Total Holdings
$110.45K
Nicholas Fanandakis
CEO of ITT
2023 Compensation
Stock
$0.00
Salary
$1.09M
Bonus
$0.00
Other
$158.98K
Total Holdings
$3.19M