Gary S. Michel served as the President and CEO of JELD-WEN Holding, Inc. from June 2018 until August 2022. He has a solid background in engineering, holding a B.S. in mechanical engineering from Virginia Tech and an MBA from the...

Gary S. Michel served as the President and CEO of JELD-WEN Holding, Inc. from June 2018 until August 2022. He has a solid background in engineering, holding a B.S. in mechanical engineering from Virginia Tech and an MBA from the University of Phoenix. Before joining JELD-WEN, he led the Home and Building Technologies sector at Honeywell and spent more than three decades at Ingersoll Rand, where he climbed the ranks to senior vice president. His leadership style is people-oriented, focusing on performance metrics to align company and executive goals. During his tenure at JELD-WEN, he earned a total compensation of over $4 million in 2021, with a significant part tied to financial performance. Interestingly, after his departure, he was set to receive benefits including accelerated vesting of stock grants based on past performance. Outside of work, he has served on the board of Cooper Tire & Rubber Company since 2015. His journey reflects a blend of engineering expertise and strategic management, making him a notable figure in the building products industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other JELD-WEN CEOs

J

Gary S. Michel

Ex-CEO of JELD-WEN

Education

B.S. in mechanical engineering from Virginia Tech and an M.B.A. from the University of Phoenix.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1961 - 64 years ago

CEO of JELD-WEN for

4 years 1 month (Jun 2018 - Aug 2022)

Previous Experience

President and Chief Executive Officer of the Home and Building Technologies strategic business group of Honeywell International, Inc.

Rivals

Competitors/colleagues of Gary S. Michel

T

Cynthia M. M. Dyer

CEO of Taylor Morrison Home Corporation

2023 Compensation

Stock

$0.00

Salary

$1.08M

Bonus

$2.62M

Other

$0.00

Total Holdings

$881.55K

G

John C. Turner, Jr.

CEO of GMS

2023 Compensation

Stock

$1.65M

Salary

$865.00K

Bonus

$977.61K

Other

$23.29K

Total Holdings

$11.10M

T

Robert Buck

CEO of TopBuild Corporation

2023 Compensation

Stock

$2.28M

Salary

$970.83K

Bonus

$0.00

Other

$14.19K

Total Holdings

$20.86M

U

Matthew J. Missad

CEO of UFP Industries, Inc.

2023 Compensation

Stock

$3.02M

Salary

$859.99K

Bonus

$1.74M

Other

$55.09K

Total Holdings

$41.82M

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

Holdings

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

Gary S. Michel's financial journey at JELD-WEN is marked by significant fluctuations in his stock holdings. At his peak in 2021, his holdings were valued at approximately $8.54 million, reflecting strong performance and confidence in the company's future. Over time,...

Gary S. Michel's financial journey at JELD-WEN is marked by significant fluctuations in his stock holdings. At his peak in 2021, his holdings were valued at approximately $8.54 million, reflecting strong performance and confidence in the company's future. Over time, he made notable transactions, including selling shares worth about $4.63 million in December 2020, as he navigated through ups and downs in the market. The value of his holdings experienced continuous fluctuations, landing at around $5.22 million as of September 2024. This indicates a pattern of both strategic selling and potential confidence to hold onto significant equity as the company moved through various market conditions.

Insider Trading

See recent insider trades of Gary S. Michel.

JELD

72,828 shares

JELD

Feb 25, 2022

Received

JELD

105,379 shares

JELD

Feb 16, 2022

Received

JELD

72,889 shares

JELD

Feb 23, 2021

Received

JELD

$126.80K

JELD at $12.68/share

May 7, 2020

Purchase

JELD

58,132 shares

JELD

Feb 11, 2020

Received

JELD

42,312 shares

JELD

Feb 25, 2019

Received

JELD

102,986 shares

JELD

Jun 18, 2018

Received

IR

10,833 shares

IR

Feb 24, 2017

Received

IR

2,494 shares

IR

Feb 7, 2017

Received

IR

$240.83K

IR at $78.47/share

Dec 8, 2016

Sale

Compensation History

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

In 2021, Gary S. Michel's total compensation at JELD-WEN was around $7.5 million, combining base salary, stock awards, and other incentives. His base salary stood at $1.1 million, but he earned no bonuses for the year due to unmet performance triggers. Most interestingly, he received $4.3 million in stock awards that reflect the company's performance and align his interests with shareholders. The structure of his pay underscores a heavy reliance on performance-based metrics, motivating him to drive results at JELD-WEN. Throughout his tenure, his compensation demonstrated a clear connection to the company's financial health and his commitment to its long-term success.

Year

2022

Total Compensation

$7.25M

Salary

$676.92K

Board Justification

The compensation program is designed to align executive compensation with performance and the interests of stockholders, with a significant portion of compensation at risk based on performance metrics.

Bonus

$0.00

Board Justification

No bonus payouts were made to NEOs under the 2022 MIP due to performance not meeting threshold levels.

Other

$3.39M

Board Justification

Includes severance payments, health care coverage, and other perquisites.

Restricted Stock

$3.18M(139.19K RSU)

Board Justification

139,193 shares of RSUs vested in 2022, with a market value of $3,181,668.

Performance Metrics

The performance metrics for the 2022 MIP were based on financial measures including Adjusted EBITDA and Operating Cash Flow.

Other JELD-WEN CEOs

Here are other CEOs of JELD-WEN

Kevin C. Lilly

Ex-CEO of JELD-WEN

August 2022 - December 2022