In 2023, John Farahi earned $906.77K in total compensation at Monarch Casino & Resort, including $750.00K salary and $150.00K bonus. Most recently sold 2,000 shares in Jun 2024. Currently holds stock worth $341.88M. Has donated $141.85M in stock to charitable causes. 4+ years at the helm of Monarch Casino & Resort.
Compensation History
Annual executive compensation data for John Farahi, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$906.77K
Salary
$750.00K
Bonus
$150.00K
Other
$6.77K
Salary
$750.00KBoard Justification
The compensation philosophy aims to attract and retain qualified individuals, motivating performance aligned with short and long-term objectives, and rewarding achievement of those objectives.
Bonus
$150.00KBoard Justification
The bonus for 2023 was set at 20% of the annual salary, awarded based on performance metrics including Adjusted EBITDA.
Other Compensation
$6.77KBoard Justification
This amount represents the Company-owned automobile insurance and registration for the CEO.
Restricted Stock
Board Justification
No stock grants vested in 2023; only stock options were granted, which are not included in this total.
Performance Metrics
The performance metrics for 2023 included Adjusted EBITDA, which was set at a target of $184.4 million.
John Farahi
CEO of Monarch Casino & Resort
Education
Bachelor's degree in Business Administration from the University of Nevada, Reno.
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
Born
January 1, 1965 - 60 years ago
CEO of Monarch Casino & Resort for
4 years 3 months (Sep 2021 - Present)
Previous Experience
Various positions in the gaming industry since 1998.
Other Monarch Casino & Resort CEOs
Holdings
Track John Farahi's stock holdings and portfolio value over time.
Total Stock Sold
$2.35M
$2.35M
73,779 MCRI shares
What if they kept their stock?
If John Farahi didn't sell their stock, today they would have:
Extra MCRI73,779 shares worth $7.08M.
This is 200.91% and $4.73M more than what they got when they sold the stock.
Charitable Transactions
1,477,442 shares
MCRI
Recent Charitable Transactions
37,987 shares
MCRI
Dec 15, 2023
Charity
20,185 shares
MCRI
Nov 7, 2022
Charity
20,658 shares
MCRI
Dec 31, 2021
Charity
16,737 shares
MCRI
Oct 13, 2020
Charity
$669.87K
MCRI at $41.82/share
Jun 25, 2019
Charity
$11.82M
MCRI at $41.18/share
Apr 13, 2018
Charity
Insider Trading
John Farahi's recent stock transactions, purchases, and sales filed with the SEC.
$136.00K
MCRI at $68.00/share
Jun 21, 2024
Sale
37,987 shares
MCRI
Dec 15, 2023
Charity
37,987 shares
MCRI
Dec 15, 2023
Charity
$206.27K
MCRI at $68.76/share
Dec 15, 2023
Sale
786 shares
MCRI
Nov 28, 2022
Transfer
786 shares
MCRI
Nov 28, 2022
Transfer
20,185 shares
MCRI
Nov 7, 2022
Charity
20,185 shares
MCRI
Nov 7, 2022
Charity
$1.27M
MCRI at $84.86/share
Mar 23, 2022
Received
20,658 shares
MCRI
Dec 31, 2021
Charity
Rivals
Compare John Farahi with competitor CEOs and industry peers.
Keith E. Smith
CEO of Boyd Gaming
2023 Compensation
Stock
$16.70M
Salary
$1.55M
Bonus
$0.00
Other
$26.16K
Total Holdings
$239.98K
Michael D. Brown
CEO of Travel + Leisure
2023 Compensation
Stock
$1.80M
Salary
$1.10M
Bonus
$1.58M
Other
$266.39K
Total Holdings
$133.38M
Tom Reeg
CEO of Caesars Entertainment, Inc.
2023 Compensation
Stock
$12.50M
Salary
$2.00M
Bonus
$4.11M
Other
$336.59K
Total Holdings
$5.11M
Blake L. Sartini
Founder and CEO of Golden Entertainment
2022 Compensation
Stock
$0.00
Salary
$1.05M
Bonus
$0.00
Other
$300.86K
Total Holdings
$163.70M