In 2022, Earl J. Hesterberg earned $8.27M in total compensation at Group 1 Automotive, including $1.27M salary, $4.50M bonus and $2.25M in stock. Most recently acquired 13,071 shares in Dec 2022. Currently holds stock worth $42.78M. Has donated $259.22M in stock to charitable causes. Has led Group 1 Automotive for over 19 years.
Compensation History
Annual executive compensation data for Earl J. Hesterberg, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$8.27M
Salary
$1.27M
Bonus
$4.50M
Other
$257.12K
Salary
$1.27MBoard Justification
The compensation philosophy is designed to link pay with operational performance and increases in long-term shareholder value while avoiding incentives that could lead to excessive risk-taking.
Bonus
$4.50MBoard Justification
Annual cash incentive awards based on the achievement of financial and individual performance objectives for 2022.
Other Compensation
$257.12KBoard Justification
Includes contributions to the 401(k) plan, automobile allowance, use of demonstrator vehicles, personal aircraft use, and club membership dues.
Restricted Stock
Board Justification
Restricted stock awards that vested in 2022, with a total value of $2,249,921 based on the fair market value at the time of vesting.
Performance Metrics
Adjusted net income and individual performance goals were used to determine the annual incentive compensation.
Earl J. Hesterberg
CEO of Group 1 Automotive
Education
Bachelor's degree in Business Administration from the University of Michigan.
Field of Expertise
Manufacturing & Industrial - Automotive
Sector of Economy
Consumer Cyclical
Born
September 12, 1950 - 75 years ago
CEO of Group 1 Automotive for
19 years 0 months (Nov 2006 - Present)
Previous Experience
Various leadership roles in the automotive industry including positions at Ford Motor Company and the automotive retail sector.
Holdings
Track Earl J. Hesterberg's stock holdings and portfolio value over time.
Total Stock Sold
$41.81M
$41.81M
418,322 GPI shares
What if they kept their stock?
If Earl J. Hesterberg didn't sell their stock, today they would have:
Extra GPI418,322 shares worth $169.09M.
This is 304.44% and $127.28M more than what they got when they sold the stock.
Charitable Transactions
641,295.541 shares
GPI
Recent Charitable Transactions
5,000 shares
GPI
Mar 21, 2022
Charity
51,691.61 shares
GPI
Mar 3, 2022
Charity
5,000 shares
GPI
Nov 19, 2021
Charity
5,000 shares
GPI
Nov 24, 2020
Charity
10,000 shares
GPI
Feb 20, 2020
Charity
5,000 shares
GPI
Oct 30, 2019
Charity
Insider Trading
Earl J. Hesterberg's recent stock transactions, purchases, and sales filed with the SEC.
13,071 shares
GPI
Dec 30, 2022
Received
$2.85M
GPI at $189.72/share
Dec 5, 2022
Sale
$2.63M
GPI at $189.14/share
Nov 17, 2022
Sale
$5.25M
GPI at $175.15/share
Oct 27, 2022
Sale
$1.97M
GPI at $196.53/share
Mar 21, 2022
Sale
5,000 shares
GPI
Mar 21, 2022
Charity
51,691.61 shares
GPI
Mar 3, 2022
Charity
51,691.61 shares
GPI
Mar 3, 2022
Charity
$2.25M
GPI at $174.96/share
Feb 14, 2022
Received
26,440 shares
GPI
Jan 3, 2022
Received
Rivals
Compare Earl J. Hesterberg with competitor CEOs and industry peers.
Mike Jackson
CEO of AutoNation
2023 Compensation
Stock
$0.00
Salary
$1.30M
Bonus
$0.00
Other
$112.74K
Total Holdings
$123.12M
Roger S. Penske
CEO of Penske Automotive Group
2021 Compensation
Stock
$7.50M
Salary
$1.40M
Bonus
$0.00
Other
$581.69K
Total Holdings
$47.77M
Bryan B. DeBoer
CEO of Lithia Motors
2023 Compensation
Stock
$3.98M
Salary
$1.30M
Bonus
$2.67M
Other
$7.26K
Total Holdings
$122.24M