Sundar PichaiSundar Pichai earned $164M in 2023

Evan Hafer is the founder and former CEO of Black Rifle Coffee Company (BRC Inc.), a company he led from its position as a start-up to a well-known brand in the coffee industry. With a strong background in entrepreneurship and...

Quick Links
B

Evan Hafer

Founder and Ex-CEO of BRC

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management - Entrepreneurship

Sector of Economy

Consumer Defensive

Born

January 1, 1978 - 47 years ago

CEO of BRC for

1 year 0 months (Dec 2022 - Dec 2023)

Previous Experience

Founder of Black Rifle Coffee Company, former Army Ranger

Rivals

Competitors/colleagues of Evan Hafer

Holdings

See how much did Evan Hafer make over time.

Evan Hafer holds a significant portion of Black Rifle Coffee Company’s stock, particularly noteworthy after the merger with SilverBox Engaged Merger Corp I. As of 2023, his holdings were estimated at approximately 20.97 million shares of Class A Common Stock,...

Total Stock Sold

$13.51M

BRCC

$13.51M

4,000,000 BRCC shares

What if they kept their stock?

If Evan Hafer didn't sell their stock, today they would have:
Extra BRCC4,000,000 shares worth $62.56M.
This is 363.06% and $49.05M more than what they got when they sold the stock.

Charitable Transactions

BRCC

375,000 shares

BRCC

Recent Charitable Transactions

BRCC

275,000 shares

BRCC

Dec 28, 2023

Charity

BRCC

100,000 shares

BRCC

Dec 15, 2023

Charity

Insider Trading

See recent insider trades of Evan Hafer.

BRCC

$3.17M

BRCC at $3.17/share

Sep 13, 2024

Sale

BRCC

$9.60M

BRCC at $3.20/share

Sep 11, 2024

Sale

BRCC

275,000 shares

BRCC

Dec 28, 2023

Charity

BRCC

100,000 shares

BRCC

Dec 15, 2023

Charity

Compensation History

See how much did Evan Hafer make over time.

For 2023, Evan Hafer's total compensation was $387,596, which consisted of a base salary of $340,000 and additional benefits amounting to $47,596. Unlike many CEOs, Hafer does not participate in an annual bonus program, showing a focus on long-term goals rather than immediate rewards. In the previous year, his compensation included performance-based restricted stock awards, which did not vest due to growth targets not being met. This pay structure emphasizes his commitment to aligning his interests with the company's success over time, rather than relying on bonuses or vested stock options. His employment agreement provides for substantial severance if he is terminated without cause, reflecting the value placed on his role in the company, but he chooses to pursue growth metrics that may align with shareholder interests rather than taking a fixed salary and bonuses.

Year

2023

Total Compensation

$387.60K

Salary

$340.00K

Board Justification

The compensation policies are designed to attract, retain, and motivate senior management leaders who can advance the company's mission and strategy, aligning management's interests with those of stockholders.

Bonus

$0.00

Board Justification

Mr. Hafer does not participate in the annual bonus program for 2023.

Other

$47.60K

Board Justification

Other compensation includes benefits such as 401k funding/match and employer benefit contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No restricted stock units vested in 2023.

Performance Metrics

The performance metrics for determining compensation include revenue, gross margin, and individual performance goals.

Other BRC CEOs

Here are other CEOs of BRC