Jason Whitaker has been the CEO of Shoals Technologies Group since January 2020. With a background in mechanical engineering and extensive experience in technology and operations, he has played a key role in the company’s growth. Before leading Shoals, he...

Jason Whitaker has been the CEO of Shoals Technologies Group since January 2020. With a background in mechanical engineering and extensive experience in technology and operations, he has played a key role in the company’s growth. Before leading Shoals, he was the Chief Technology Officer and worked at Thunder Heart Performance Corp., where he held various positions from operations to engineering. Notably, he navigated the company through a transition period when he announced his departure due to health reasons in late 2022, leaving a significant impact on Shoals' direction. During his tenure, his total compensation peaked at approximately $4.5 million in 2023, driven largely by equity awards. His insider trading activity showed significant sales, peaking at over $28 million, highlighting his confidence in the company’s trajectory. Whitaker's leadership style balances technical expertise with a practical approach to management, making him a notable figure in the renewable energy sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Shoals Technologies Group, Inc. CEOs

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Jason Whitaker

Ex-CEO of Shoals Technologies Group, Inc.

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

May 12, 1968 - 57 years ago

CEO of Shoals Technologies Group, Inc. for

1 year 7 months (Jul 2021 - Mar 2023)

Previous Experience

Chief Executive Officer of Shoals Technologies Group, Inc.

Rivals

Competitors/colleagues of Jason Whitaker

A

Jim Fusaro

CEO of Array Technologies, Inc.

2023 Compensation

Stock

$1.77M

Salary

$850.00K

Bonus

$1.25M

Other

$13.20K

Total Holdings

$2.67M

Holdings

See how much did Jason Whitaker make over time.

During his tenure at Shoals, Jason Whitaker sold significant amounts of stock, showcasing his investments in the company. His holdings peaked in early 2023, with a notable insider sale of around $28.03 million in June 2023. In total, his stock...

During his tenure at Shoals, Jason Whitaker sold significant amounts of stock, showcasing his investments in the company. His holdings peaked in early 2023, with a notable insider sale of around $28.03 million in June 2023. In total, his stock sales ranged from smaller amounts of a few million up to $28 million monthly, indicating both profitability and active management of his portfolio as CEO. Ultimately, this reflects his confidence in Shoals’ business model and the broader energy market, especially as he aligned his financial strategy with the company’s direction while overseeing substantial growth.

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Total Stock Sold

$14.56M

SHLS

$14.56M

565,114 SHLS shares

What if they kept their stock?

If Jason Whitaker didn't sell their stock, today they would have:
Extra SHLS565,114 shares worth $17.51M.
This is 20.27% and $2.95M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jason Whitaker.

SHLS

53,144 shares

SHLS

Mar 14, 2023

Received

SHLS

$3.84M

SHLS at $21.16/share

Mar 14, 2023

Sale

SHLS

$448.22K

SHLS at $24.84/share

Mar 2, 2023

Sale

SHLS

$444.82K

SHLS at $24.65/share

Feb 10, 2023

Sale

SHLS

$674.43K

SHLS at $28.03/share

Feb 1, 2023

Sale

SHLS

$676.60K

SHLS at $28.12/share

Jan 24, 2023

Sale

SHLS

$691.20K

SHLS at $28.70/share

Jan 17, 2023

Sale

SHLS

$553.87K

SHLS at $25.94/share

Dec 13, 2022

Sale

SHLS

$2.71M

SHLS at $29.52/share

Nov 17, 2022

Sale

SHLS

$723.43K

SHLS at $25.08/share

Mar 14, 2022

Sale

Compensation History

See how much did Jason Whitaker make over time.

In 2023, Jason Whitaker's total compensation reached approximately $4.5 million. His base salary was around $116,699, but bonuses were notably absent due to his transition out of the CEO role. However, the bulk of his earnings came from vested stock options, specifically $5.5 million in accelerated equity awards due to a termination clause in his agreement. This demonstrates the company's alignment of executive pay with their performance metrics, focusing on long-term shareholder value. Despite the absence of major bonuses in recent years, Whitaker's overall compensation reflects the significant responsibilities he carried as CEO, managing the company’s strategic vision and operational growth.

Year

2023

Total Compensation

$9.99M

Salary

$116.70K

Board Justification

The compensation philosophy aims to attract, retain, and motivate top talent to drive the Company’s success and future growth, aligning pay with performance and shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded due to termination of employment.

Other

$4.36M

Board Justification

Includes the aggregate value of accelerated equity awards payable in accordance with the terms of his separation agreement.

Restricted Stock

$5.52M(247.04K RSU)

Board Justification

All unvested RSUs accelerated and immediately vested upon termination due to disability.

Performance Metrics

Performance metrics include Adjusted EBITDA and individual performance goals.

Other Shoals Technologies Group, Inc. CEOs

Here are other CEOs of Shoals Technologies Group, Inc.

Jeffery Tolnar

Ex-CEO of Shoals Technologies Group, Inc.

March 2023 - July 2023