Eric Wintemute has been the face of American Vanguard Corporation (ticker: AVD) since 2008, becoming CEO in 2011. Under his leadership, the company focused on performance-based equity, aligning executives' interests with shareholders. He led efforts to boost the company's performance...

Eric Wintemute has been the face of American Vanguard Corporation (ticker: AVD) since 2008, becoming CEO in 2011. Under his leadership, the company focused on performance-based equity, aligning executives' interests with shareholders. He led efforts to boost the company's performance metrics, focusing on net sales and adjusted EBITDA. Despite some challenging years, like 2014, when the company faced inventory issues, Wintemute focused on reducing costs and improving cash flow. Notably, he structured an impressive transition agreement in 2024 as he prepared to retire, which outlines benefits worth over $2.2 million, alongside ongoing consultancy roles. His commitment to long-term growth can be seen through his tenure, where he also emphasized responsible fiscal management, contributing to a turnaround that placed American Vanguard back on a solid growth path. Even in 2023, he did not receive a cash bonus, highlighting his focus on tangible performance.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other American Vanguard CEOs

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Eric Wintemute

Ex-CEO of American Vanguard

Education

Bachelor's degree in Economics from the University of California, Los Angeles

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

October 10, 1957 - 67 years ago

CEO of American Vanguard for

16 years 0 months (Jul 2008 - Jul 2024)

Previous Experience

Various roles within American Vanguard Corporation

Rivals

Competitors/colleagues of Eric Wintemute

Holdings

See how much did Eric Wintemute make over time.

Over the years, Eric Wintemute's stock holdings in American Vanguard have seen significant fluctuations. As of the most recent data in 2023, he was granted over 39,000 performance-based shares, but with none vested that year due to unmet financial targets....

Over the years, Eric Wintemute's stock holdings in American Vanguard have seen significant fluctuations. As of the most recent data in 2023, he was granted over 39,000 performance-based shares, but with none vested that year due to unmet financial targets. This demonstrates his strategy of tying wealth to company performance. Looking back, in 2019, he had a milestone year with over $1.1 million in vested stock, highlighting the peaks of his wealth tied to company success. Recently, he has been transitioning out of daily operations, suggesting a shift in his wealth as he prepares for retirement. Wintemute’s portfolio shows a heavy reliance on American Vanguard stock, indicative of his commitment to the company he leads. His transition agreement includes significant unvested shares that will vest as he exits, reinforcing the alignment of his financial future with the company’s performance.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Eric Wintemute make over time.

In 2023, Eric Wintemute's total compensation was $821,347, mostly from his salary of $755,655 as he didn't get cash bonuses or stock vesting that year due to the company not meeting key performance indicators. His pay structure reflects a philosophy aimed at keeping executive compensation aligned with the company's long-term goals. Over the years, his compensation varied significantly; for example, in 2022, he earned nearly $1.5 million, including a substantial bonus. The fluctuations highlight the company's performance-driven strategy, especially when he chose to forgo cash incentives in favor of stock options. His agreements include strong severance packages if terminated without cause, showing the company's commitment to its executives while encouraging performance.

Year

2023

Total Compensation

$821.35K

Salary

$755.66K

Board Justification

The compensation philosophy aligns with long-term shareholder interests, focusing on performance-based incentives and competitive benchmarking to attract and retain top talent.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2023 due to the company not meeting its targeted pre-tax earnings.

Other

$65.69K

Board Justification

Other compensation includes a car allowance and contributions to the 401(k) retirement plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus was on performance-based equity that is contingent on meeting specific financial metrics.

Performance Metrics

The performance metrics for 2023 included net sales, adjusted EBITDA, and total shareholder return relative to peers.

Other American Vanguard CEOs

Here are other CEOs of American Vanguard

Timothy Donnelly

Ex-CEO of American Vanguard

July 2024 - December 2024