Sundar PichaiSundar Pichai earned $164M in 2023
S

Eric Sills

CEO of Standard Motor Products

Education

MBA from Columbia Business School

Field of Expertise

Business & Management - Business Management

Born

August 10, 1971 - 53 years ago

Economy Sector

Consumer Cyclical

Current Tenure

8 years 10 months (Mar 2016 - Present)

Previous Experience

President of Standard Motor Products

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...

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.