Sundar PichaiSundar Pichai earned $164M in 2023

H.O. Woltz III has been leading Insteel Industries, Inc. since 1991, showing a deep understanding of the wire products industry for over four decades. He studied Business Administration, and his extensive experience includes positions like President of Rappahannock Wire Company...

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H.O. Woltz III

CEO of Insteel Industries

Field of Expertise

Business & Management

Sector of Economy

Industrials

CEO of Insteel Industries for

18 years 3 months (Feb 2007 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of H.O. Woltz III

Holdings

See how much did H.O. Woltz III make over time.

H.O. Woltz III has demonstrated a strong commitment to Insteel Industries through his trading activities, with significant insider transactions reported between 2019 and 2024. Notable trades show values peaking at around $29.17 million in November 2021. His holdings have seen...

Total Stock Sold

$10.08M

IIIN

$10.08M

412,473 IIIN shares

What if they kept their stock?

If H.O. Woltz III didn't sell their stock, today they would have:
Extra IIIN412,473 shares worth $6.97M.
This is -30.81% and $3.10M less than what they got when they sold the stock.

Charitable Transactions

IIIN

116,405 shares

IIIN

Recent Charitable Transactions

IIIN

867 shares

IIIN

Dec 4, 2024

Charity

IIIN

5,770 shares

IIIN

Dec 3, 2024

Charity

IIIN

2,200 shares

IIIN

Nov 29, 2023

Charity

IIIN

16,040 shares

IIIN

Dec 15, 2022

Charity

IIIN

4,770 shares

IIIN

Dec 21, 2021

Charity

IIIN

2,625 shares

IIIN

Aug 27, 2021

Charity

Insider Trading

See recent insider trades of H.O. Woltz III.

IIIN

867 shares

IIIN

Dec 4, 2024

Charity

IIIN

5,770 shares

IIIN

Dec 3, 2024

Charity

IIIN

5,036 shares

IIIN

Feb 13, 2024

Received

IIIN

2,200 shares

IIIN

Nov 29, 2023

Charity

IIIN

5,647 shares

IIIN

Aug 14, 2023

Received

IIIN

5,781 shares

IIIN

Feb 14, 2023

Received

IIIN

16,040 shares

IIIN

Dec 15, 2022

Charity

IIIN

5,340 shares

IIIN

Aug 15, 2022

Received

IIIN

3,892 shares

IIIN

Feb 15, 2022

Received

IIIN

4,770 shares

IIIN

Dec 21, 2021

Charity

Compensation History

See how much did H.O. Woltz III make over time.

In 2023, H.O. Woltz III received a total compensation package amounting to $1.465 million. His base salary was set at $700,000, and he earned a significant bonus of $654,500, stemming from the company's performance under the Return on Capital Incentive Compensation Plan. This bonus came in at 93.5% of the target due to strong financial results. The compensation structure highlights a focus on performance, aligning Woltz's earnings directly with Insteel's accomplishments. His compensation has varied over the years, incentivizing growth aligned with shareholder interests. This model encourages a results-driven atmosphere, which reflects in the company's consistent strategic positioning.

Year

2023

Total Compensation

$1.88M

Salary

$700.00K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain key executives by providing competitive total compensation opportunities aligned with the company's performance and shareholder interests.

Bonus

$654.50K

Board Justification

The annual incentive payment under the Return on Capital Incentive Compensation Plan (ROCICP) was based on the company's return on capital performance, resulting in a payout at 93.5% of the targeted amounts.

Other

$92.01K

Board Justification

Other compensation includes dividend equivalents paid on RSUs, death benefit value, and 401(k) matching payments.

Restricted Stock

$435.42K(14.34K RSU)

Board Justification

The stock awards that vested in 2023 were part of the long-term incentive plan, specifically restricted stock units (RSUs), which vest on the third anniversary of the grant date.

Performance Metrics

The primary performance metric for determining compensation is the company's return on capital, which is closely correlated with shareholder value creation.