Sundar PichaiSundar Pichai earned $164M in 2023

Eric P. Sills is the Chief Executive Officer and President of Standard Motor Products (SMP), a role he has held since March 2016. With a Bachelor's degree in Business Administration, he brings a solid background in sales and operations to...

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Eric Sills

CEO of Standard Motor Products

Education

MBA from Columbia Business School

Field of Expertise

Business & Management - Business Management

Sector of Economy

Consumer Cyclical

Born

August 10, 1971 - 53 years ago

CEO of Standard Motor Products for

9 years 1 month (Mar 2016 - Present)

Previous Experience

President of Standard Motor Products

Holdings

See how much did Eric Sills make over time.

Eric P. Sills' wealth is closely tied to his holdings in Standard Motor Products. In recent years, his stock value has seen notable fluctuations that tell a story of the company's ups and downs. For instance, his holdings were valued...

Total Stock Sold

$1.33M

SMP

$1.33M

38,214 SMP shares

What if they kept their stock?

If Eric Sills didn't sell their stock, today they would have:
Extra SMP38,214 shares worth $1.48M.
This is 11.6% and $153.91K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Eric Sills.

SMP

$60.18K

SMP at $34.97/share

Nov 8, 2024

Sale

SMP

1,366 shares

SMP

Nov 8, 2024

Received

SMP

2,553 shares

SMP

Oct 23, 2024

Received

SMP

$89.01K

SMP at $34.91/share

Nov 9, 2023

Sale

SMP

3,220 shares

SMP

Nov 9, 2023

Received

SMP

2,000 shares

SMP

Oct 25, 2023

Received

SMP

426,000 shares

SMP

Jul 6, 2023

Charity

SMP

$80.91K

SMP at $32.08/share

Sep 24, 2022

Sale

SMP

3,054 shares

SMP

Sep 24, 2022

Received

SMP

2,000 shares

SMP

Sep 22, 2022

Received

Compensation History

See how much did Eric Sills make over time.

In 2022, Eric P. Sills received a total compensation of $1,343,073 as the CEO of Standard Motor Products. This amount consists of a base salary of $688,000, a bonus of $515,211, and $164,306 from vested stocks. The bonuses he receives are based on management performance objectives and company financial health, indicating a strong link between his compensation and corporate performance. For instance, his bonus for 2021 was significantly higher, thanks to meeting aggressive performance goals. Eric's earnings reflect not just his salary but also his strong performance-based bonuses, aligning his financial incentives with the success of the company and its stakeholders. His focus on long-term growth aims to foster a culture of performance and accountability among the executive team.

Year

2022

Total Compensation

$1.51M

Salary

$688.00K

Board Justification

The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on a mix of base salary, annual cash incentives, and long-term equity incentives.

Bonus

$515.21K

Board Justification

Annual cash incentive awards based on management performance objectives (MBO) goals and company-level financial performance measures.

Other

$138.86K

Board Justification

Includes car allowances, contributions to retirement plans, and other benefits.

Restricted Stock

$164.31K(5.05K common stock)

Board Justification

5,054 shares of restricted stock vested in 2022, including 2,000 shares from a standard restricted stock award and 3,054 shares from a performance share award.

Performance Metrics

The performance metrics include achievement of specific growth initiatives, cost reduction initiatives, and environmental, social, and governance (ESG) initiatives.

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