Sundar PichaiSundar Pichai earned $164M in 2023

Gautam Patel is a key player at Spectrum Brands Holdings, Inc., serving as a director since October 2020. Known for his hands-on approach to leadership, Gautam has successfully guided the company through significant changes in its strategy and operations. His...

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Gautam Patel

CEO of Spectrum Brands Holdings

Sector of Economy

Consumer Defensive

CEO of Spectrum Brands Holdings for

4 years 5 months (Oct 2020 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Gautam Patel

Holdings

See how much did Gautam Patel make over time.

Gautam Patel has significant holdings in Spectrum Brands, showcasing his confidence in the company's future. Notably, his vested stocks alone reach a value of about $19 million, reflecting substantial faith in the company’s direction. Since joining as a director, he...

Insider Trading

See recent insider trades of Gautam Patel.

AMRX

1,598,115 shares

AMRX

Jan 1, 2024

Charity

SPB

3,775 shares

SPB

Nov 24, 2023

Received

SPB

5,020 shares

SPB

Nov 25, 2022

Received

AMRX

$210.50K

AMRX at $4.21/share

Dec 17, 2021

Purchase

SPB

2,441 shares

SPB

Dec 15, 2021

Received

SPB

3,533 shares

SPB

Dec 22, 2020

Received

AMRX

$586.50K

AMRX at $3.91/share

Mar 2, 2020

Purchase

Compensation History

See how much did Gautam Patel make over time.

In 2023, Gautam Patel's compensation package at Spectrum Brands Holdings totaled over $8.8 million, a mix of salary, bonus, and vested stocks. His salary stood at $550,000, complemented by a bonus of $637,313, which was determined by meeting performance metrics. This indicates that he is focused on results and creating value for shareholders. Most of his wealth is in stock awards, with around $19 million tied up in vested stocks, enhancing the alignment between his incentives and those of investors. Previously, his total compensation in 2022 was significantly lower at $241,253, showing a notable rise as he influenced the company's strategic shifts and performance improvements. Gautam's approach reflects a blend of immediate rewards for performance while ensuring long-term value creation for Spectrum Brands.

Year

2023

Total Compensation

$20.32M

Salary

$550.00K

Board Justification

The compensation program is designed to link pay for performance, encourage prudent decision-making, and create a balanced focus on short-term and long-term performance and value creation.

Bonus

$637.31K

Board Justification

Annual MIP bonus for Fiscal 2023 payable at 56.65% of target, contingent on performance metrics being met.

Other

$10.69K

Board Justification

Health and welfare benefits continuation for the Executive and any dependents for 18 months following termination.

Restricted Stock

$19.13M(5.74M RSU)

Board Justification

All unvested outstanding time-based RSUs would be payable upon termination without cause or due to death or disability or for resignation with good reason.

Performance Metrics

Adjusted EBITDA, Net Sales, and Adjusted Average Inventory Turns for MIP; Adjusted EBITDA, Adjusted Free Cash Flow, and Adjusted Return on Equity for LTIP.

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