Sundar PichaiSundar Pichai earned $164M in 2023

Gregory L. Christopher has been at the helm of Mueller Industries, Inc., since October 30, 2008, when he took over as CEO following the sad passing of his predecessor. He has a straightforward path to leadership, having served as Chief...

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Gregory L. Christopher

CEO of Mueller Industries

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

October 25, 1962 - 62 years ago

CEO of Mueller Industries for

16 years 4 months (Jan 2009 - Present)

Previous Experience

Chief Operating Officer at Mueller Industries

Holdings

See how much did Gregory L. Christopher make over time.

Gregory L. Christopher's stock holdings have shown considerable variability over the years. In 2019, his holdings were valued at over $22 million, peaking at approximately $70 million in 2021. By the end of 2023, they settled around $54 million compared...

Total Stock Sold

$26.44M

MLI

$26.44M

1,349,480 MLI shares

What if they kept their stock?

If Gregory L. Christopher didn't sell their stock, today they would have:
Extra MLI1,349,480 shares worth $17.55M.
This is -33.63% and $8.89M less than what they got when they sold the stock.

Charitable Transactions

MLI

299,100 shares

MLI

Recent Charitable Transactions

MLI

8,000 shares

MLI

Nov 17, 2022

Charity

MLI

30,000 shares

MLI

Dec 6, 2016

Charity

MLI

250 shares

MLI

Dec 30, 2013

Charity

MLI

110,000 shares

MLI

Dec 29, 2012

Charity

MLI

1,300 shares

MLI

Nov 17, 2011

Charity

Insider Trading

See recent insider trades of Gregory L. Christopher.

MLI

$7.02M

MLI at $70.24/share

Aug 22, 2024

Sale

MLI

$6.77M

MLI at $67.66/share

Aug 13, 2024

Sale

MLI

100,000 shares

MLI

Aug 5, 2024

Received

MLI

150,000 shares

MLI

Jul 30, 2024

Received

MLI

135,000 shares

MLI

Oct 26, 2023

Received

MLI

30,000 shares

MLI

Jul 30, 2023

Received

MLI

$503.41K

MLI at $78.06/share

May 30, 2023

Sale

MLI

$1.87M

MLI at $75.59/share

May 24, 2023

Sale

MLI

$2.66M

MLI at $79.47/share

May 22, 2023

Sale

MLI

$346.82K

MLI at $75.09/share

Mar 2, 2023

Sale

Compensation History

See how much did Gregory L. Christopher make over time.

Gregory L. Christopher's compensation has varied significantly during his tenure as CEO of Mueller Industries. In 2023, he earned a total of $19.5 million, a combination of salary, bonuses, and vested stocks. His salary stood at $1.45 million, while he received a substantial bonus of $7.25 million tied to performance objectives, showing his commitment to the pay-for-performance model. In contrast, his compensation in 2022 reached nearly $35 million due to stock vesting and a high-performance bonus structure. Over the years, his total compensation has showcased a clear trend towards rewarding operational excellence and profitability for the company, with the highest payments made when the company exceeding its adjusted operating income targets.

Year

2023

Total Compensation

$23.55M

Salary

$1.45M

Board Justification

The compensation philosophy is based on a pay-for-performance model, aligning executive compensation with the company's strategic and financial goals, while promoting retention and motivation of key executives.

Bonus

$7.25M

Board Justification

The annual incentive compensation is based on the achievement of performance targets, with a target bonus of 125% of base salary, and a maximum bonus of 250% based on performance exceeding 125% of objectives.

Other

$602.93K

Board Justification

Other compensation includes dividends on restricted stock, life insurance premiums, tax reimbursements, club memberships, travel expenses, and 401(k) matching contributions.

Restricted Stock

$14.24M(361K RSU)

Board Justification

361,000 shares of restricted stock vested in 2023, with the value based on the market price at the time of vesting.

Performance Metrics

The performance metrics for determining compensation include operating income targets and adjusted EBITDA growth.

Other Mueller Industries CEOs

Here are other CEOs of Mueller Industries