James W. T. (Jim) McGinnis is the current CEO of Tempur Sealy International, Inc., a well-known brand in the bedding industry. He joined the company in 2020 and has since played a significant role in navigating the business to greater...

James W. T. (Jim) McGinnis is the current CEO of Tempur Sealy International, Inc., a well-known brand in the bedding industry. He joined the company in 2020 and has since played a significant role in navigating the business to greater heights. One notable aspect of McGinnis's leadership is his compensation structure; for 2022, he earned a total of $1,920,655, with a significant portion derived from performance-based bonuses, reflecting the company's financial results. Interestingly, in 2021, his total compensation was over triple that, coming in at about $11 million, largely due to high performance payouts. McGinnis’s compensation plan aligns with the company's performance metrics, which include adjusted EBITDA and shareholder returns.

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2. Holdings

3. Insider Trading

4. Compensation History

5. Other Tempur Sealy International CEOs

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James W. T. (Jim) McGinnis

Ex-CEO of Tempur Sealy International

Education

Not specified

Sector of Economy

Consumer Cyclical

CEO of Tempur Sealy International for

2 years 0 months (Jan 2020 - Jan 2022)

Previous Experience

Not specified

Rivals

Competitors/colleagues of James W. T. (Jim) McGinnis

Holdings

See how much did James W. T. (Jim) McGinnis make over time.

As CEO, McGinnis has seen fluctuations in his stock holdings, reflective of Tempur Sealy’s market performance. There were years when his compensation included not only a portion of salary and bonuses but also significant stock options, leading to a financial...

As CEO, McGinnis has seen fluctuations in his stock holdings, reflective of Tempur Sealy’s market performance. There were years when his compensation included not only a portion of salary and bonuses but also significant stock options, leading to a financial picture highly dependent on the company’s success. During his time at the helm, Total Holdings have varied but included substantial stock options granted as part of incentive plans. The most notable was a one-time grant of 1,200,000 options in 2022, partially vesting over four years. This structure encourages him to drive the company forward, aligning his interests with those of shareholders in a very direct way.

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Insider Trading

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Compensation History

See how much did James W. T. (Jim) McGinnis make over time.

In 2022, James W. T. McGinnis’s total compensation package was $1,920,655, comprised mainly of his annual salary of $1,100,000, a performance bonus of $1,024,650 reflecting the company’s adjusted EBITDA performance, and additional compensation totaling $293,055 for a variety of benefits. Interestingly, this marked a substantial drop from his 2021 compensation, where he earned $11 million due to performance bonuses that reached 270% of his base salary. The structure of his pay showcases the emphasis on results; no stock grants were reported in the past two years, focusing instead on options that vest based on company performance. This pay structure aligns with Tempur Sealy's philosophy, ensuring that management incentives directly reflect shareholder interests.

Year

2022

Total Compensation

$2.42M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes a pay-for-performance culture, aligning management incentives with long-term stockholder interests.

Bonus

$1.02M

Board Justification

Annual Incentive Plan based on Company-wide adjusted EBITDA performance, resulting in a payout of 69% of the target.

Other

$293.06K

Board Justification

Includes life insurance premiums, contributions to qualified defined contribution plans, tax preparation, legal and financial planning fees, and use of corporate aircraft.

Restricted Stock

$0.00(0 RSU)

Board Justification

No vested stock reported for 2022, only stock grants and options are included in total calculations.

Performance Metrics

Company-wide adjusted EBITDA, relative total shareholder return, and qualitative ESG performance metrics.

Other Tempur Sealy International CEOs

Here are other CEOs of Tempur Sealy International

David Montgomery

Ex-CEO of Tempur Sealy International

January 2016 - January 2020

Scott Thompson

CEO of Tempur Sealy International

January 2022 - Present