Sundar PichaiSundar Pichai earned $164M in 2023

Gary S. Matthews served as the CEO of IES Holdings, Inc. from March 2019 to July 2020. With a solid background in finance, Matthews previously worked as a Managing Director at Morgan Stanley, where he helped identify investment opportunities in...

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Gary S. Matthews

Ex-CEO of IES Holdings, Inc.

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Industrials

Born

March 4, 1958 - 67 years ago

CEO of IES Holdings, Inc. for

1 year 4 months (Mar 2019 - Jul 2020)

Previous Experience

Managing Director of Morgan Stanley Capital Partners, CEO of Sleep Innovations, Inc., President of Simmons Bedding Company.

Holdings

See how much did Gary S. Matthews make over time.

Gary S. Matthews' stock holdings fluctuated significantly during his time as CEO of IES Holdings. Starting in 2019, his holdings were valued at around $5.52 million, peaking at $7.76 million in January 2020. However, by September 2020, after his resignation,...

Total Stock Sold

$1.53M

IESC

$1.53M

51,279 IESC shares

What if they kept their stock?

If Gary S. Matthews didn't sell their stock, today they would have:
Extra IESC51,279 shares worth $983.53K.
This is -35.72% and $546.56K less than what they got when they sold the stock.

Charitable Transactions

IESC

650 shares

IESC

Recent Charitable Transactions

IESC

650 shares

IESC

Mar 10, 2020

Charity

Insider Trading

See recent insider trades of Gary S. Matthews.

IESC

$32.00K

IESC at $32.00/share

Sep 11, 2020

Sale

IESC

$185.85K

IESC at $31.91/share

Sep 8, 2020

Sale

IESC

$1.21M

IESC at $29.51/share

Sep 1, 2020

Sale

IESC

$101.95K

IESC at $29.20/share

Aug 27, 2020

Sale

IESC

$41.25K

IESC at $20.63/share

May 12, 2020

Purchase

IESC

$41.25K

IESC at $20.63/share

May 12, 2020

Purchase

IESC

$17.36K

IESC at $17.36/share

Mar 16, 2020

Purchase

IESC

650 shares

IESC

Mar 10, 2020

Charity

IESC

$10.98K

IESC at $21.95/share

Mar 10, 2020

Purchase

IESC

650 shares

IESC

Mar 10, 2020

Charity

Compensation History

See how much did Gary S. Matthews make over time.

In 2020, Gary S. Matthews' total compensation was reported at $1.7 million. His annual salary was $541,667, but notably, he did not receive any bonuses for that year. Instead, most of his compensation came from severance payments, totaling about $1.1 million, as part of his exit agreement after resigning. This unique situation indicates that the company focused its executive compensation on cash and benefits rather than stock options or bonuses during his tenure. In the previous fiscal year, 2019, his total compensation was higher, at approximately $4.56 million, attributed mainly to stock awards. The differences in these figures reflect the company's changing focus, as well as Matthews' shifting role within it.

Year

2020

Total Compensation

$1.71M

Salary

$541.67K

Board Justification

The company aims to align executive compensation with performance and market benchmarks, focusing on cash compensation and benefits rather than stock options or grants.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2020 as per the company's compensation structure.

Other

$1.16M

Board Justification

This includes severance payments and other benefits as part of the Severance Agreement following his resignation.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2020 as the focus is on cash compensation and other benefits.

Performance Metrics

Performance metrics for the CEO's compensation are based on company financial performance and individual performance objectives.

Other IES Holdings, Inc. CEOs

Here are other CEOs of IES Holdings, Inc.