Gerald R. Mattys was born in 1958 and holds a Bachelor's degree in Business Administration from the University of Minnesota. He has spent most of his career in the healthcare sector, where he gained extensive experience. He served as CEO...

Gerald R. Mattys was born in 1958 and holds a Bachelor's degree in Business Administration from the University of Minnesota. He has spent most of his career in the healthcare sector, where he gained extensive experience. He served as CEO of Tactile Systems Technology (TCMD) from 2013 until the end of 2020. In 2019 and 2020, he saw impressive compensation packages, with total earnings reaching over $1.3 million in 2019 and nearly $700,000 in 2020 while transitioning to retirement. Mattys had a big impact on the company's growth and direction during his tenure, focusing on healthcare products that improve patients' lives. Notably, his insider trading activity displayed significant financial movements, peaking at over $16 million in stock value around mid-2020. This indicates a strong belief in the company's future, as he had substantial personal investments in TCMD. Moreover, by aligning his interests with the shareholders through his compensation setup, Mattys demonstrated a commitment to performance-based results.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Tactile Systems Technology CEOs

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Gerald R. Mattys

Ex-CEO of Tactile Systems Technology

Education

Bachelor's degree in Business Administration from the University of Minnesota.

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Healthcare

Born

January 1, 1958 - 67 years ago

CEO of Tactile Systems Technology for

7 years 1 month (Nov 2013 - Dec 2020)

Previous Experience

CEO of Tactile Systems Technology, Inc. since 2013; held various positions at Johnson & Johnson and other healthcare companies.

Rivals

Competitors/colleagues of Gerald R. Mattys

Holdings

See how much did Gerald R. Mattys make over time.

Gerald R. Mattys has been active in trading the stock of Tactile Systems Technology (TCMD). Noteworthy fluctuations in his stock value show a peak of approximately $16.82 million in January 2020, indicating he had significant financial skin in the game....

Gerald R. Mattys has been active in trading the stock of Tactile Systems Technology (TCMD). Noteworthy fluctuations in his stock value show a peak of approximately $16.82 million in January 2020, indicating he had significant financial skin in the game. Over the following months, this value fluctuated, reaching as low as $10.99 million in March 2020, before climbing again to about $15.68 million in January 2021. This dynamic trading pattern reflects his strong engagement with TCMD and suggests a proactive approach to managing his investments. Since then, however, there has been a gradual decline, with his holdings dipping below $5 million by early 2023. Overall, Mattys' trading history illustrates a keen approach to market realities while holding a large portion of his wealth in TCMD stock.

Total Stock Sold

$22.04M

TCMD

$22.04M

434,788 TCMD shares

What if they kept their stock?

If Gerald R. Mattys didn't sell their stock, today they would have:
Extra TCMD434,788 shares worth $21.14M.
This is -4.09% and $902.10K less than what they got when they sold the stock.

Charitable Transactions

TCMD

30,535 shares

TCMD

Recent Charitable Transactions

TCMD

4,760 shares

TCMD

Dec 19, 2019

Charity

TCMD

23,775 shares

TCMD

Dec 27, 2017

Charity

TCMD

2,000 shares

TCMD

Dec 31, 2016

Charity

Insider Trading

See recent insider trades of Gerald R. Mattys.

TCMD

$2.22M

TCMD at $55.52/share

Apr 28, 2020

Sale

TCMD

$27.15K

TCMD at $48.49/share

Mar 5, 2020

Sale

TCMD

23,177 shares

TCMD

Feb 26, 2020

Received

TCMD

$2.10M

TCMD at $69.85/share

Dec 23, 2019

Sale

TCMD

4,760 shares

TCMD

Dec 19, 2019

Charity

TCMD

5,162 shares

TCMD

Mar 4, 2019

Received

TCMD

$1.97M

TCMD at $72.00/share

Feb 28, 2019

Sale

TCMD

$3.52M

TCMD at $70.41/share

Feb 14, 2019

Sale

TCMD

$1.03M

TCMD at $56.59/share

Nov 19, 2018

Sale

TCMD

$2.51M

TCMD at $64.35/share

Oct 22, 2018

Sale

Compensation History

See how much did Gerald R. Mattys make over time.

Gerald R. Mattys' compensation during his tenure at Tactile Systems Technology varied significantly. In 2018, he earned about $1.13 million, which included a base salary of $585,000, a cash bonus tied to performance metrics, and vested stock worth roughly $250,000. The following year, his total compensation rose to about $1.3 million, mainly due to his performance-based bonus surging to over $728,000, marking a 146.5% payout on target due to exceeding revenue goals. In 2020, as he wound down his tenure, his pay dropped to around $687,000. Despite the decline, his focus on aligning incentives with performance remained clear, as evidenced through a structured Management Incentive Plan linking bonuses to fiscal results. This structure emphasizes a results-driven leadership style and reflects how compensation was tightly tied to the company’s achievements.

Year

2020

Total Compensation

$1.69M

Salary

$603.00K

Board Justification

The compensation program is designed to attract and retain talented individuals while aligning executive incentives with company performance and shareholder interests.

Bonus

$168.09K

Board Justification

Pursuant to Mr. Mattys’ Transition Agreement, his MIP award for 2020 was prorated, in an amount equal to the product of (i) MIP award amount for 2020 that he would have earned had he remained employed as our Chief Executive Officer through the end of 2020, multiplied by (ii) a fraction, the numerator of which is the number of calendar days during 2020 included in the period of time from January 1, 2020 to June 8, 2020, and the denominator of which is 365.

Other

$239.66K

Board Justification

Includes $236,632 in consulting fees paid under his consulting arrangement and $3,029 in COBRA benefits.

Restricted Stock

$677.06K(13.45K RSU)

Board Justification

Represents the stock that vested in 2020, specifically 13,448 shares that were vested during the year.

Performance Metrics

The performance metrics for the MIP included revenue and Adjusted EBITDA goals.

Other Tactile Systems Technology CEOs

Here are other CEOs of Tactile Systems Technology

Daniel L. Reuvers

Ex-CEO of Tactile Systems Technology

December 2020 - June 2024