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Gerald W. Evans, Jr. served as the CEO of Hanesbrands, Inc., a company known for its strong apparel brands like Hanes and Champion, from 2016 to 2020. Under his leadership, the company saw significant growth, including organic sales increases and...

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Gerald W. Evans, Jr.

Ex-CEO of Hanesbrands

Education

N/A

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1968 - 57 years ago

CEO of Hanesbrands for

4 years 3 months (May 2016 - Aug 2020)

Previous Experience

Various leadership roles at Hanesbrands, Inc.

Holdings

See how much did Gerald W. Evans, Jr. make over time.

Gerald W. Evans, Jr.'s stock holdings in Hanesbrands dipped and rose during his tenure. His major wealth was tied to the company's stock, with total compensation peaking at about $9.5 million in 2017. By 2020, his compensation transitioned to around...

Total Stock Sold

$10.68M

HBI

$10.68M

601,639 HBI shares

What if they kept their stock?

If Gerald W. Evans, Jr. didn't sell their stock, today they would have:
Extra HBI601,639 shares worth $5.63M.
This is -47.35% and $5.06M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Gerald W. Evans, Jr..

HBI

513,456 shares

HBI

Jan 28, 2020

Received

HBI

$147.35K

HBI at $14.74/share

Aug 7, 2019

Purchase

HBI

117,811 shares

HBI

Jan 29, 2019

Received

HBI

210,013 shares

HBI

Dec 11, 2018

Received

HBI

$97.37K

HBI at $14.98/share

Nov 19, 2018

Purchase

HBI

$309.05K

HBI at $17.66/share

May 16, 2018

Purchase

HBI

142,503 shares

HBI

Jan 30, 2018

Received

HBI

149,165 shares

HBI

Dec 12, 2017

Received

HBI

$1.01M

HBI at $23.18/share

Jul 3, 2017

Sale

HBI

$915.58K

HBI at $21.74/share

May 8, 2017

Sale

Compensation History

See how much did Gerald W. Evans, Jr. make over time.

In 2020, Gerald W. Evans, Jr.'s total compensation was approximately $9.5 million, with a significant portion derived from vested stock awards. His compensation included a base salary of $666,378 and other benefits amounting to around $306,123. Notably, he did not receive any bonuses during his tenure. This emphasis on retaining significant stock value is crucial as it creates a direct connection between his earnings and the company's success. His earlier years as CEO showed varied compensation, with his highest reported figures coming in 2017, demonstrating his effective leadership amidst changing market conditions and company performance. The pay-for-performance model was evident, as most of his earnings were based on achieving specific financial metrics, ensuring his incentives were closely aligned with shareholder interests.

Year

2020

Total Compensation

$4.17M

Salary

$666.38K

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture, linking a substantial percentage of compensation to performance metrics and stockholder value growth.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2020.

Other

$306.12K

Board Justification

This includes contributions to retirement plans and other benefits.

Restricted Stock

$3.20M(219.61K RSU)

Board Justification

This amount represents the vested stock awards that were earned and vested in 2020.

Performance Metrics

The performance metrics for 2020 included net sales, EPS-XA, and cash flow from operations.

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