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Jack A. Hockema is the former CEO of Kaiser Aluminum Corporation, where he served from 2006 until 2020. With a solid background in engineering from the University of Washington, Hockema has played a key role in driving the company’s growth...

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Jack A. Hockema

Ex-CEO of Kaiser Aluminum

Education

Bachelor's degree in engineering from the University of Washington.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

June 1, 1954 - 71 years ago

CEO of Kaiser Aluminum for

14 years 5 months (Feb 2006 - Jul 2020)

Previous Experience

President and Chief Executive Officer of Kaiser Aluminum Corporation since February 2006. Previously served as executive vice president of Alcoa and group president of Alcoa Industrial Components.

Holdings

See how much did Jack A. Hockema make over time.

During his years at Kaiser Aluminum, Jack Hockema's stock holdings fluctuated significantly, especially after the company emerged from bankruptcy. In 2009, he saw a substantial boost to his wealth due to the vesting of 185,000 shares of restricted stock valued...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Jack A. Hockema make over time.

Over the years, Jack Hockema’s compensation was primarily linked to performance results. In 2020, he earned approximately $3.28 million, with a salary of $915,000 and significant earnings from vested stock options. This performance-based approach included short-term incentives and long-term equity awards. The structure of his compensation plan was designed to align his interests with the company’s success, which meant that a large portion of his earnings depended on achieving specific operational metrics. His total compensation varied over the years, peaking at about $5.4 million in 2018, showing the correlation between his leadership effectiveness and Kaiser Aluminum's financial health.

Year

2020

Total Compensation

$4.20M

Salary

$915.00K

Board Justification

The compensation structure was designed to align the interests of named executive officers and stockholders by tying a significant portion of compensation to enhancing stockholder return and requiring increasing levels of financial performance.

Bonus

$0.00

Board Justification

Short-term incentive award for 2020 was determined based on the company’s actual performance under the company’s short-term incentive plan and prorated for the actual number of days of his term during 2020.

Other

$0.00

Board Justification

Restricted Stock

$3.28M(35.23K RSU)

Board Justification

Restricted stock units that vested on March 5, 2020, based on performance over the three-year period from 2018 to 2020.

Performance Metrics

Compensation is tied to safety, quality, delivery, cost, and individual performance directly linked to strategic initiatives.

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