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John N. Molbeck, Jr. has been a key player in the business world since he earned his Bachelor's in Business Administration in 1984. He served as President and CEO of Warrior Met Coal, Inc. for over a decade, playing a...

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John N. Molbeck, Jr.

Ex-CEO of Warrior Met Coal

Education

Bachelor's Degree in Business Administration

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1962 - 63 years ago

CEO of Warrior Met Coal for

0 years 2 months (Oct 2012 - Dec 2012)

Previous Experience

President of HCC Insurance Holdings, Inc.

Holdings

See how much did John N. Molbeck, Jr. make over time.

John N. Molbeck, Jr. had notable holdings in Warrior Met Coal as he transitioned out of his CEO role in 2012. At his peak, his compensation reached about $7.6 million, with a significant portion coming from a performance-based bonus in...

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Insider Trading

See recent insider trades of John N. Molbeck, Jr..

HCC

1,889 shares

HCC

May 20, 2015

Received

HCC

$206.40K

HCC at $51.60/share

Oct 30, 2014

Sale

HCC

2,363 shares

HCC

May 21, 2014

Received

HCC

$116.25K

HCC at $46.50/share

May 2, 2014

Sale

HCC

$137.62K

HCC at $45.87/share

Nov 14, 2013

Sale

HCC

$78.01K

HCC at $43.34/share

Aug 21, 2013

Received

HCC

$156.63K

HCC at $44.75/share

Aug 12, 2013

Sale

HCC

$396.90K

HCC at $44.10/share

Aug 8, 2013

Sale

HCC

$540.00K

HCC at $45.00/share

Aug 2, 2013

Sale

HCC

$633.14K

HCC at $42.75/share

Jun 6, 2013

Sale

Compensation History

See how much did John N. Molbeck, Jr. make over time.

In 2012, John N. Molbeck, Jr.'s total compensation was approximately $7,596,692, out of which $1,950,000 was his salary. A massive chunk of his total compensation came from a guaranteed annual bonus that year, amounting to $5.5 million, which was contingent on the company's pretax earnings. Interestingly, he did not report any stocks or options as part of his compensation in that year, indicating that his earnings were primarily performance and salary-based rather than tied to stock grants. This structure emphasizes the focus on directly aligning executive pay with company performance. After stepping down in 2012, Molbeck also had a consulting agreement that ensured continued income and involvement with the company, demonstrating a layered approach to his compensation strategy that extended beyond his CEO tenure.

Year

2012

Total Compensation

$7.60M

Salary

$1.95M

Board Justification

The compensation philosophy is designed to attract and retain talented executives, align their interests with those of stockholders, and reward performance that supports the company's long-term financial objectives.

Bonus

$5.50M

Board Justification

Guaranteed annual incentive award for 2012 of between 0.75% and 1.00% of the Company’s 2012 pretax income, based on performance metrics.

Other

$146.69K

Board Justification

Includes medical costs, life and disability premiums, and other perquisites such as personal use of corporate aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No vested stock reported for 2012.

Performance Metrics

The performance metrics for the CEO's bonus are based on the company's pretax income.

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