Frank C. Sullivan is the CEO and Chairman of RPM International, Inc., a company he has been part of for a long time since 2008. He started his career at RPM as a Regional Sales Manager after gaining valuable experience...

Frank C. Sullivan is the CEO and Chairman of RPM International, Inc., a company he has been part of for a long time since 2008. He started his career at RPM as a Regional Sales Manager after gaining valuable experience in finance and corporate lending at Harris Bank and First Union. Sullivan has steadily climbed the corporate ladder and has held multiple key positions, including Chief Financial Officer and Executive Vice President, before becoming CEO in 2002. Under his leadership, the company has remained committed to performance-based compensation, which emphasizes rewarding employees for meeting specific financial goals.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other RPM International CEOs

R

Frank C. Sullivan

CEO of RPM International

Sector of Economy

Basic Materials

CEO of RPM International for

16 years 5 months (Oct 2008 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Frank C. Sullivan

P

Timothy M. Knavish

CEO of PPG Industries

2023 Compensation

Stock

$1.24M

Salary

$1.20M

Bonus

$2.21M

Other

$0.00

Total Holdings

$1.32M

A

Chris Villavarayan

CEO of Axalta Coating Systems

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.94M

Other

$356.06K

Total Holdings

$6.04M

A

Neil M. Ashe

CEO of Acuity Brands

2022 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$13.18K

Total Holdings

$70.87M

G

Mark W. Sheahan

CEO of Graco

2023 Compensation

Stock

$0.00

Salary

$985.00K

Bonus

$1.30M

Other

$26.76K

Total Holdings

$6.90M

M

Keith J. Allman

CEO of Masco

2023 Compensation

Stock

$11.02M

Salary

$1.27M

Bonus

$2.66M

Other

$214.78K

Total Holdings

$11.37M

I

E. Scott Santi

CEO of Illinois Tool Works

2022 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$0.00

Other

$0.00

Total Holdings

$70.26M

Holdings

See how much did Frank C. Sullivan make over time.

Frank C. Sullivan owns 1.45 million shares of RPM International which indicates a strong personal investment in the company's success. His holdings have fluctuated over the years, showing confidence in the company's growth. At one point, his stock holdings were...

Frank C. Sullivan owns 1.45 million shares of RPM International which indicates a strong personal investment in the company's success. His holdings have fluctuated over the years, showing confidence in the company's growth. At one point, his stock holdings were estimated at a value of over $2 million. This shows not only his commitment to the company but also his belief in its future prospects. As of the most recent data, his stake reflects approximately 1.1% of the total shares, making him a significant shareholder. Given the company's stable growth, this portion has likely appreciated since he first acquired it.

Total Stock Sold

$54.23M

RPM

$54.23M

967,982 RPM shares

What if they kept their stock?

If Frank C. Sullivan didn't sell their stock, today they would have:
Extra RPM967,982 shares worth $63.70M.
This is 17.46% and $9.47M more than what they got when they sold the stock.

Charitable Transactions

RPM

314,694 shares

RPM

Recent Charitable Transactions

RPM

24,000 shares

RPM

Aug 15, 2024

Charity

RPM

42,000 shares

RPM

Mar 1, 2024

Charity

RPM

50,000 shares

RPM

Dec 15, 2023

Charity

RPM

20,000 shares

RPM

May 31, 2023

Charity

RPM

7,550 shares

RPM

May 31, 2022

Charity

RPM

7,600 shares

RPM

May 31, 2021

Charity

Insider Trading

See recent insider trades of Frank C. Sullivan.

RPM

24,000 shares

RPM

Aug 15, 2024

Charity

RPM

2,000 shares

RPM

Aug 15, 2024

Charity

RPM

$6.63M

RPM at $116.06/share

Aug 15, 2024

Sale

RPM

31,438 shares

RPM

Jul 18, 2024

Received

TKR

1,845 shares

TKR

May 3, 2024

Received

RPM

42,000 shares

RPM

Mar 1, 2024

Charity

RPM

50,000 shares

RPM

Dec 15, 2023

Charity

RPM

$4.56M

RPM at $96.03/share

Nov 6, 2023

Sale

RPM

$2.12M

RPM at $103.54/share

Aug 2, 2023

Sale

RPM

60,400 shares

RPM

Jul 19, 2023

Received

Compensation History

See how much did Frank C. Sullivan make over time.

In 2023, Frank C. Sullivan's total compensation was about $11.7 million. His salary was around $1.1 million, but he has not received bonuses for several years. Major parts of his pay come from performance-based stock awards. These are linked to achieving financial targets, which aligns his interests with those of the shareholders. Even though his cash bonuses have dropped, the shift to stock rewards indicates a focus on long-term success, making sure the company stays competitive and profitable. His pay strategy shows an emphasis on rewarding strong performance over simply providing high salaries.

Year

2023

Total Compensation

$2.59M

Salary

$1.07M

Board Justification

The Company’s general compensation philosophy is performance-based, ensuring that executive officers are well compensated for achieving strong operating and financial results that contribute to enhanced stockholder value.

Bonus

$0.00

Board Justification

No bonuses were awarded to our named executive officers during fiscal 2024, fiscal 2023 or fiscal 2022, although the named executive officers did receive cash awards under our Incentive Plan.

Other

$250.54K

Board Justification

Other compensation includes matching contributions under the 401(k), automobile allowance, life insurance premiums, matched charitable contributions, and financial consulting fees.

Restricted Stock

$1.27M(11.14K PERS)

Board Justification

Mr. Sullivan received 11,140 Performance Earned Restricted Stock (PERS) for fiscal 2024, which is contingent upon the level of attainment of performance goals for the fiscal year.

Performance Metrics

The performance metrics include EBIT margin and working capital ratio, which are critical for determining the compensation under the PERS.

Other RPM International CEOs

Here are other CEOs of RPM International

Thomas C. Sullivan

Ex-CEO of RPM International

January 1971 - October 2008

Robert L. Matejka

Ex-CEO of RPM International

April 2010 - April 2012