Jay D. Gould served as the CEO of Interface, Inc. from January 2016 until January 2020. His journey in the business world started before Interface, where he held key positions at well-known companies like American Standard Brands and Newell Rubbermaid....

Jay D. Gould served as the CEO of Interface, Inc. from January 2016 until January 2020. His journey in the business world started before Interface, where he held key positions at well-known companies like American Standard Brands and Newell Rubbermaid. At Interface, he was tasked with leading the company through challenging times but faced his own hurdles, leading to his termination in January 2020 for violating company policies. Interestingly, during his leadership in 2019, he earned a total compensation reaching almost $400,000, primarily from his salary and stock vesting, but he did not receive bonuses after being let go for cause. Back in 2018, his compensation peaked at over $5.1 million due to a lucrative bonus based on financial performance. Captivatingly, under his watch, Interface’s stock witnessed notable trading patterns, with significant fluctuations around the time of his departure.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Interface CEOs

I

Jay D. Gould

Ex-CEO of Interface

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1963 - 62 years ago

CEO of Interface for

4 years 0 months (Jan 2016 - Jan 2020)

Previous Experience

Chief Executive Officer of American Standard Brands, and senior executive roles at Newell Rubbermaid, Campbell Soup Company, and Coca-Cola Company.

Rivals

Competitors/colleagues of Jay D. Gould

Holdings

See how much did Jay D. Gould make over time.

Jay D. Gould's stock holdings in Interface, Inc. varied significantly during his tenure as CEO. The peak came in late 2019 when shares were valued at approximately $5.88 million. However, after the news of his termination in January 2020, the...

Jay D. Gould's stock holdings in Interface, Inc. varied significantly during his tenure as CEO. The peak came in late 2019 when shares were valued at approximately $5.88 million. However, after the news of his termination in January 2020, the stock's value saw a rapid decline to around $3.42 million by March 2020. Following this, valuations fluctuated between $2.59 million and $5 million throughout the remainder of 2020 and into early 2021. Over time, this value never fully recovered to its previous highs, indicating the impact of his leadership change on investor confidence and stock performance.

Total Stock Sold

$80.40K

NWL

$80.40K

5,000 NWL shares

What if they kept their stock?

If Jay D. Gould didn't sell their stock, today they would have:
Extra NWL5,000 shares worth $76.50K.
This is -4.85% and $3.90K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jay D. Gould.

TILE

158,537 shares

TILE

Feb 19, 2019

Received

TILE

39,269 shares

TILE

Feb 21, 2018

Received

TILE

33,064 shares

TILE

Jan 16, 2018

Received

TILE

$500.62K

TILE at $19.04/share

Feb 28, 2017

Purchase

TILE

41,231 shares

TILE

Feb 21, 2017

Received

TILE

$147.60K

TILE at $14.76/share

Jun 29, 2016

Purchase

TILE

23,026 shares

TILE

Jan 13, 2016

Received

TILE

83,594 shares

TILE

Jan 26, 2015

Received

NWL

$80.87K

NWL at $16.17/share

Nov 15, 2011

Sale

Compensation History

See how much did Jay D. Gould make over time.

Jay D. Gould's compensation as CEO reflected his tumultuous time at Interface, Inc. In 2019, his total compensation was $399,801, including a base salary of $927,000, but no bonuses were awarded due to his termination for cause. His earlier year, 2018, was more rewarding, with a total compensation of over $5 million, largely thanks to a performance-based bonus exceeding $1.5 million. However, in 2020, after being let go, he lost all potential bonuses and was only compensated for unused vacation time and benefits, totalling $128,468. This stark drop showcases not just personal performance metrics but the inherent risks of executive leadership in volatile markets.

Year

2020

Total Compensation

$128.47K

Salary

$52.89K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate executives while aligning their interests with those of shareholders, focusing on performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was earned for 2020 due to performance metrics not being met, as Mr. Gould was terminated before the establishment of performance objectives for 2020.

Other

$75.58K

Board Justification

This amount includes cash payment for unused vacation and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2020 as Mr. Gould was terminated before any performance-based awards were granted for 2020.

Performance Metrics

Mr. Gould's performance metrics were not established for 2020 due to his termination prior to the establishment of performance objectives.

Other Interface CEOs

Here are other CEOs of Interface

Daniel T. Hendrix

Ex-CEO of Interface

July 2001 - January 2017

Laurel M. Hurd

CEO of Interface

April 2022 - Present