Meet Haitham Khouri, the Chief Executive Officer of Perimeter Solutions, SA, who took the helm on March 8, 2023. Having served on the company's board since June 2021, Khouri was previously the Vice Chairman, bringing extensive financial expertise to the...

Meet Haitham Khouri, the Chief Executive Officer of Perimeter Solutions, SA, who took the helm on March 8, 2023. Having served on the company's board since June 2021, Khouri was previously the Vice Chairman, bringing extensive financial expertise to the role. He holds a BA in Economics from Cornell University and an MBA with Distinction from Harvard Business School. Khouri's journey began at JP Morgan in 2002, leading to notable positions such as a private equity associate at Oak Hill Capital Partners and a senior analyst at Hound Partners. His wealth of experience helps steer Perimeter Solutions as they navigate the complexities of the fire safety industry. Khouri's first year as CEO saw him leading performance-based initiatives, and while the company missed some targets for stock vesting, his strategic outlook focuses on long-term value creation. He's currently aligned with shareholders through significant stock options tied to the company’s growth. Keep an eye on Khouri as he shapes the future of Perimeter Solutions.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Perimeter Solutions CEOs

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Haitham Khouri

CEO of Perimeter Solutions

Education

BA in Economics from Cornell University, MBA with Distinction from Harvard Business School

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Basic Materials

Born

January 1, 1980 - 45 years ago

CEO of Perimeter Solutions for

2 years 4 months (Mar 2023 - Present)

Previous Experience

Senior Analyst at Hound Partners, Private Equity Associate at Oak Hill Capital Partners, Investment Banking Analyst at Deutsche Bank, Analyst at JP Morgan

Rivals

Competitors/colleagues of Haitham Khouri

Holdings

See how much did Haitham Khouri make over time.

As CEO of Perimeter Solutions, Haitham Khouri has significant holdings in the form of performance-based stock options. Upon his appointment, he was granted 2,000,000 stock options, setting the stage for his investment in the company's future. However, in 2023, no...

As CEO of Perimeter Solutions, Haitham Khouri has significant holdings in the form of performance-based stock options. Upon his appointment, he was granted 2,000,000 stock options, setting the stage for his investment in the company's future. However, in 2023, no options vested as the necessary performance criteria were not met. This means he currently holds all his wealth in unvested stock options, which can only turn into real value with the right company growth. The performance conditions will track the company's Adjusted EBITDA, directly linking his financial success to that of Perimeter Solutions. This setup aims to keep him motivated in driving the company's performance, which needs to improve after missing certain targets this past year.

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Total Stock Sold

$1.98M

PRM

$1.98M

188,474 PRM shares

What if they kept their stock?

If Haitham Khouri didn't sell their stock, today they would have:
Extra PRM188,474 shares worth $2.26M.
This is 14.2% and $281.14K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Haitham Khouri.

PRM

$2.03M

PRM at $10.75/share

Dec 2, 2022

Sale

Compensation History

See how much did Haitham Khouri make over time.

In 2023, Haitham Khouri's total compensation with Perimeter Solutions was $977,341. His base salary was $524,992, with a bonus of $411,342 reflecting his performance against company goals. However, no stock options vested this year due to unmet performance goals, which shows a stark contrast between immediate compensation and long-term potential earnings from stocks. Khouri's contract includes a target bonus opportunity equal to his full salary, emphasizing how his performance is tied to the company’s success. Such structures align his interests with those of shareholders, but the challenge is clear: he must drive the company forward for those opportunities to materialize into real financial gains.

Year

2023

Total Compensation

$982.24K

Salary

$524.99K

Board Justification

The compensation philosophy is designed to attract, retain, and reward high-performing employees, with a focus on aligning executive compensation with the achievement of performance goals that enhance shareholder value.

Bonus

$411.34K

Board Justification

The annual bonus is based on the achievement of performance criteria tied to the Company’s Adjusted EBITDA performance and individual performance targets.

Other

$45.91K

Board Justification

Includes 401(k) contributions and company-paid insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock options vested in 2023 as the performance criteria were not met for the fiscal year.

Performance Metrics

The performance metrics for 2023 included achieving specific Adjusted EBITDA targets and individual performance assessments.