Jeffrey P. Black served as the CEO of Teleflex Incorporated from 2005 until January 2011. During his tenure, he led significant changes within the company, focusing on growth in the medical device sector. One interesting fact is that while at...

Jeffrey P. Black served as the CEO of Teleflex Incorporated from 2005 until January 2011. During his tenure, he led significant changes within the company, focusing on growth in the medical device sector. One interesting fact is that while at Teleflex, he was granted stock options worth over $2.7 million in potential compensation, reflecting his alignment with company performance. He was known for a results-oriented approach, with incentives tied to rigorous financial metrics like corporate revenue and earnings per share. However, his last year at Teleflex was marked by a rocky end, as he resigned by mutual agreement with the board amid a substantial restructuring phase. Notably, Black's executive agreements provided him with a hefty severance package of approximately $5.4 million, demonstrating the complexities that often come with high-level executive transitions. Beyond his corporate role, his decision to step down raised questions about the future direction of the company and its leadership.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Teleflex CEOs

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Jeffrey P. Black

Ex-CEO of Teleflex

Education

Bachelor's degree in Business Administration from Temple University.

Field of Expertise

Business & Management

Sector of Economy

Healthcare

Born

June 15, 1956 - 68 years ago

CEO of Teleflex for

9 years 0 months (Jan 2002 - Jan 2011)

Previous Experience

Joined Teleflex in 2000 as Executive Vice President and Chief Operating Officer before becoming CEO.

Rivals

Competitors/colleagues of Jeffrey P. Black

Holdings

See how much did Jeffrey P. Black make over time.

During his time at Teleflex, Jeffrey P. Black's stock holdings showed interesting trends. In 2019, his significant holdings fluctuated significantly, with values reaching up to $51.20 million but then dropping to $25.58 million by 2023. This reflects the market's ups...

During his time at Teleflex, Jeffrey P. Black's stock holdings showed interesting trends. In 2019, his significant holdings fluctuated significantly, with values reaching up to $51.20 million but then dropping to $25.58 million by 2023. This reflects the market's ups and downs, highlighting how outside factors can impact a CEO's wealth tied to their company's stock value. At his peak, close to half of his wealth was tied to these stocks, showing a strong personal investment in Teleflex's performance. His stock options were generally not vested during his final year due to termination conditions, underscoring the risks executives face when their tenure ends abruptly. Throughout the years, his stock values fluctuated in the range of $25 million to nearly $57 million, a vast scope that reveals the volatile nature of executive stock ownership and its direct connection to company performance.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Jeffrey P. Black make over time.

Jeffrey P. Black's compensation at Teleflex was notable for its structure and size. In his last full year, 2010, he earned a total of about $4.82 million, which included a base salary of $900,000 and a sizable bonus of $567,000 due to performance metrics. However, his final year in 2011 saw a dramatic drop to $114,673 due to his resignation, with no bonuses or stock options awarded. Over his years at Teleflex, his compensation was linked heavily to corporate performance, aligning his interests with those of the shareholders. Interestingly, despite the fluctuations in his earnings, his severance agreement provided him with substantial benefits upon leaving, illustrating the often complex financial arrangements that accompany executive roles. The focus on performance metrics in his compensation highlight the expectations placed on CEOs to drive growth and success the company. His overall compensation narrative illustrates both the rewards and risks that come with leadership in a publicly traded company.

Year

2011

Total Compensation

$214.67K

Salary

$114.23K

Board Justification

The compensation philosophy is designed to attract and retain highly-skilled executives and align their interests with those of stockholders through performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was awarded in 2011 as Mr. Black's employment ended in January 2011.

Other

$100.44K

Board Justification

Other compensation includes severance compensation and benefits following termination of employment.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2011 as Mr. Black's employment ended in January 2011.

Performance Metrics

Performance metrics for 2011 were not applicable as Mr. Black's employment ended before the performance period.

Other Teleflex CEOs

Here are other CEOs of Teleflex

Benson F. Smith

CEO of Teleflex

January 2011 - Present