Gary E. Kramer is the CEO of Barrett Business Services, a company focused on providing professional employer services. He took over as CEO in March 2020 after joining the company as Chief Financial Officer in 2016. Before that, he worked...

Gary E. Kramer is the CEO of Barrett Business Services, a company focused on providing professional employer services. He took over as CEO in March 2020 after joining the company as Chief Financial Officer in 2016. Before that, he worked at Chubb Limited, leading a team that focused on global services for large businesses. Gary has a strong background in finance, holding an MBA in Accounting from Drexel University and a B.S. in Business Administration with a focus on Finance from Rowan University. Under his leadership, the company's performance metrics include achieving significant growth in gross billings and net income. In 2023, his total compensation was approximately $3.97 million, which he earned through a mix of salary, bonuses, and stock awards related to performance. Interestingly, his holdings in the company have seen substantial growth recently, reaching as much as $5.59 million within just a year. He keeps a close eye on his personal investments, with trading activities valued at several million dollars over the past few years. Gary's strategic insight and financial expertise continue to drive Barrett Business Services towards its goals.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Barrett Business Services CEOs

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Gary E. Kramer

CEO of Barrett Business Services

Education

MBA in Accounting from Drexel University; B.S. in Business Administration with a specialization in Finance from Rowan University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

January 1, 1980 - 45 years ago

CEO of Barrett Business Services for

5 years 4 months (Mar 2020 - Present)

Previous Experience

Senior Vice President for Global Services at Chubb Limited

Rivals

Competitors/colleagues of Gary E. Kramer

P

John B. Gibson

CEO of Paychex

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$844.88K

Other

$17.81K

Total Holdings

$16.48M

Holdings

See how much did Gary E. Kramer make over time.

Gary E. Kramer holds significant shares in Barrett Business Services, which have shown impressive growth over time. His personal investments in the company reached nearly $5.59 million in November 2023. This value reflects a steady increase, as his holdings were...

Gary E. Kramer holds significant shares in Barrett Business Services, which have shown impressive growth over time. His personal investments in the company reached nearly $5.59 million in November 2023. This value reflects a steady increase, as his holdings were at around $1.88 million back in December 2020. Notably, his investments fluctuated between $1.33 million and $4.19 million in the months leading up to 2023, illustrating his growing confidence in the company’s performance. In terms of recent transactions, he has been actively trading shares, indicating a strategic approach to his investments. Kramer's insight into the company's growth has not only benefited him but also suggests his commitment to leading Barrett Business Services toward future successes, having a significant portion of his wealth tied up in its stock.

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Total Stock Sold

$1.77M

BBSI

$1.77M

51,073 BBSI shares

What if they kept their stock?

If Gary E. Kramer didn't sell their stock, today they would have:
Extra BBSI51,073 shares worth $679.40K.
This is -61.64% and $1.09M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gary E. Kramer.

BBSI

$497.34K

BBSI at $35.43/share

Aug 22, 2024

Sale

BBSI

$1.23M

BBSI at $35.03/share

Aug 19, 2024

Sale

BBSI

14,048 shares

BBSI

Feb 26, 2024

Received

BBSI

13,388 shares

BBSI

Feb 27, 2023

Received

BBSI

$70.13K

BBSI at $70.13/share

May 20, 2022

Purchase

BBSI

1,796 shares

BBSI

Feb 28, 2022

Received

BBSI

1,680 shares

BBSI

Mar 1, 2021

Received

BBSI

$100.88K

BBSI at $48.90/share

Sep 25, 2020

Purchase

BBSI

2,372 shares

BBSI

Feb 24, 2020

Received

BBSI

$42.90K

BBSI at $88.27/share

Jan 7, 2020

Sale

Compensation History

See how much did Gary E. Kramer make over time.

In 2023, Gary E. Kramer earned a total compensation of about $3.97 million at Barrett Business Services. This included a base salary of $814,115 and a bonus of $205,750, which was tied to both corporate performance and personal achievements. The company has a clear philosophy of aligning executive pay with performance metrics such as gross billings growth and net income. Kramer's stock awards amounted to approximately $2.15 million, reflecting his performance-based incentives that aim to motivate strong leadership. His total compensation has increased significantly over the years, from $470,000 in 2020 to nearly $4 million in 2023, indicating his rising impact on the organization and the value attributed to his role in the company's success.

Year

2023

Total Compensation

$3.28M

Salary

$814.12K

Board Justification

The compensation philosophy is designed to align executive compensation with the interests of stockholders, ensuring that it is competitive and encourages performance that supports the Company's strategic goals.

Bonus

$205.75K

Board Justification

The total bonus opportunity for 2023 was divided such that 75% related to achievement of corporate performance goals and 25% to individual performance. The target bonus amounts for individual performance approved by the Committee in April 2023 were as follows: Mr. Kramer, $205,750.

Other

$106.23K

Board Justification

Other compensation includes the incremental cost to the Company of personal use of the corporate aircraft and club membership dues, as well as employer contributions to the 401(k) plan.

Restricted Stock

$2.15M(23.22K RSU)

Board Justification

The stock awards that vested in 2023 include RSUs and PSUs that were tied to performance metrics and were settled based on the achievement of those metrics.

Performance Metrics

The performance metrics for determining the compensation included gross billings growth, net income, and gross margin as a percentage of gross billings.

Other Barrett Business Services CEOs

Here are other CEOs of Barrett Business Services

Michael L. Elich

Ex-CEO of Barrett Business Services

January 2011 - March 2020