Sundar PichaiSundar Pichai earned $164M in 2023

Frank G. Heard, born in 1959, has a solid foundation in engineering with a Diploma in Mechanical Engineering Technology and an MBA from the Richard Ivey School of Business. He joined Gibraltar Industries in 2014 as President and COO before...

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Frank G. Heard

Ex-CEO of Gibraltar Industries

Education

Diploma in Mechanical Engineering Technology and an MBA from the Richard Ivey School of Business

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1959 - 66 years ago

CEO of Gibraltar Industries for

5 years 2 months (Jan 2015 - Mar 2020)

Previous Experience

President of ITW Building Components Group Division

Holdings

See how much did Frank G. Heard make over time.

During his time as CEO, Frank G. Heard held substantial shares in Gibraltar Industries, with his wealth largely stemming from the company's stock performance. In 2018, he earned a total compensation of around $4.8 million, and his investments reflected his...

Insider Trading

See recent insider trades of Frank G. Heard.

ROCK

28,341 shares

ROCK

Feb 27, 2020

Received

ROCK

23,120 shares

ROCK

Feb 17, 2020

Received

ROCK

28,954 shares

ROCK

Feb 1, 2020

Received

ROCK

10,000 shares

ROCK

Dec 29, 2019

Received

ROCK

10,494 shares

ROCK

Mar 1, 2019

Received

ROCK

8,954 shares

ROCK

Feb 1, 2019

Received

ROCK

60,750 shares

ROCK

Jan 30, 2019

Received

Compensation History

See how much did Frank G. Heard make over time.

In 2020, Frank’s compensation dropped significantly to approximately $882,000, down from over $4.8 million in 2018. His 2020 compensation included a base salary of $450,000, a target bonus of $270,000, and other benefits totaling $162,000. His compensation during 2018 was largely due to performance incentives, showing how closely aligned his pay was with Gibraltar’s success. The company focuses its compensation strategy on aligning executive pay with stockholder interests to ensure it attracts and retains talented leadership. Frank’s experience and performance metrics demonstrate the trend of emphasizing results over base salary, a key factor in driving the company's growth.

Year

2020

Total Compensation

$882.00K

Salary

$450.00K

Board Justification

The compensation program is designed to attract and retain qualified talent, aligning executive pay with stockholder interests and supporting company goals and strategies.

Bonus

$270.00K

Board Justification

Equal to the target annual incentive compensation calculated for each NEO based upon a percentage of their salaries.

Other

$162.00K

Board Justification

Includes health reimbursement account contributions, personal use of Company auto and tax planning services.

Restricted Stock

$0.00(0 N/A)

Board Justification

There were no PSUs earned in 2021.

Performance Metrics

The performance metrics include net sales, adjusted EPS, and days working capital.