Sundar PichaiSundar Pichai earned $164M in 2023

Geoffrey G. Gilmore is the President and CEO of Worthington Steel, Inc. He has a solid background in management and holds an MBA from Harvard Business School. Gilmore has climbed the ranks in the steel industry, showing a clear path...

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Geoffrey G. Gilmore

CEO of Worthington Steel

Education

Bachelor of Arts in Strategic Communications and a Master of Business Administration from The Ohio State University.

Field of Expertise

Business & Management

Sector of Economy

Basic Materials

Born

August 1, 1972 - 52 years ago

CEO of Worthington Steel for

1 year 4 months (Dec 2023 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer of Worthington Enterprises, Inc. from August 2018 to November 2024.

Rivals

Competitors/colleagues of Geoffrey G. Gilmore

Holdings

See how much did Geoffrey G. Gilmore make over time.

Geoffrey G. Gilmore currently holds significant shares in Worthington Steel, primarily through stock awards and performance shares. His holdings saw a substantial boost in value following the company's successful separation from Worthington Enterprises. As of 2024, his vested stock grants...

Total Stock Sold

$5.18M

WOR

$5.18M

140,425 WOR shares

What if they kept their stock?

If Geoffrey G. Gilmore didn't sell their stock, today they would have:
Extra WOR140,425 shares worth $3.88M.
This is -25.12% and $1.30M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Geoffrey G. Gilmore.

WS

28,418 shares

WS

Jul 2, 2024

Received

WS

36,700 shares

WS

Jun 28, 2024

Received

WS

44,060 shares

WS

Dec 22, 2023

Received

WS

70,407 shares

WS

Dec 1, 2023

Received

WOR

$2.39M

WOR at $73.52/share

Jul 26, 2023

Sale

WOR

22,300 shares

WOR

Jun 30, 2023

Received

WOR

12,466 shares

WOR

Jul 1, 2022

Received

WOR

9,500 shares

WOR

Jun 24, 2022

Received

WOR

$579.27K

WOR at $61.00/share

Jul 13, 2021

Sale

WOR

9,596 shares

WOR

Jul 1, 2021

Received

Compensation History

See how much did Geoffrey G. Gilmore make over time.

In 2023, Geoffrey G. Gilmore earned a total compensation of $495,000 as the President and CEO of Worthington Steel. This amount includes a base salary of $350,000, along with a performance-based bonus of $70,000 tied to key company metrics. Also, he saw 5,000 shares of restricted stock vest, valued at $150,000 at the time, demonstrating how his earnings are linked to not just immediate performance but long-term value creation. Interestingly, Worthington's compensation strategy emphasizes pay-for-performance, which means Gilmore's earnings are designed to grow as the company increases its profitability and shareholder value. His potential future payouts from performance shares can reach up to $2.5 million, depending on how well the company performs over the next three years. This clear alignment with performance metrics showcases his commitment to boosting both company growth and shareholder satisfaction.

Year

2023

Total Compensation

$595.00K

Salary

$350.00K

Board Justification

The compensation philosophy emphasizes a strong pay-for-performance alignment, with a significant portion of compensation tied to company performance metrics and peer benchmarking.

Bonus

$70.00K

Board Justification

The bonus is based on the company's performance metrics including EVA and Adjusted EPS for the fiscal year 2023.

Other

$25.00K

Board Justification

Other compensation includes health benefits and retirement contributions.

Restricted Stock

$150.00K(5K RSU)

Board Justification

5,000 shares of restricted stock vested in 2023 as part of the long-term incentive plan, based on performance metrics over a three-year period.

Performance Metrics

The performance metrics for determining the compensation include Economic Value Added (EVA) and Adjusted Earnings Per Share (EPS).