John P. McConnell has had a long career at Worthington Industries, starting in the company in 2006 and serving as CEO from 1993 to 2020. He holds a Bachelor's degree in Business Administration from The Ohio State University and has...

John P. McConnell has had a long career at Worthington Industries, starting in the company in 2006 and serving as CEO from 1993 to 2020. He holds a Bachelor's degree in Business Administration from The Ohio State University and has been involved in significant corporate decisions during his tenure. He stepped down as CEO in 2020 but took on the role of Executive Chairman, signaling a shift in leadership while still retaining influence. His total compensation in 2020 reached over $3.2 million, which included a salary of roughly $698,000 and stock that vested worth about $445,000. John also has a unique family connection – his son John H. McConnell II became a director at Worthington in 2023, creating a family legacy within the company. Additionally, he has made notable insider trades which indicate his continued investment and belief in Worthington's growth. John P.'s transition from CEO to Chairman is not just a job change; it shows the company is evolving but still values his experience and input in guiding its direction.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Worthington Enterprises CEOs

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John P. McConnell

Ex-CEO of Worthington Enterprises

Education

Bachelor's degree in Business Administration from The Ohio State University.

Field of Expertise

Business & Management

Sector of Economy

Industrials

Born

January 1, 1950 - 75 years ago

CEO of Worthington Enterprises for

13 years 9 months (Dec 2006 - Sep 2020)

Previous Experience

Various positions within Worthington Industries, including President and Chief Operating Officer.

Rivals

Competitors/colleagues of John P. McConnell

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Donald G. Macpherson

CEO of W.W. Grainger

2023 Compensation

Stock

$6.63M

Salary

$1.10M

Bonus

$0.00

Other

$317.29K

Total Holdings

$126.49M

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Deidra C. Merriwether

CEO of W.W. Grainger

2023 Compensation

Stock

$2.00M

Salary

$693.84K

Bonus

$0.00

Other

$110.88K

Total Holdings

$12.82M

Holdings

See how much did John P. McConnell make over time.

John P. McConnell has a considerable stake in Worthington Industries, which has been a significant part of his wealth. Over the years, his stock holdings show a pattern of consistent investment, indicating confidence in the company's future. At one point,...

John P. McConnell has a considerable stake in Worthington Industries, which has been a significant part of his wealth. Over the years, his stock holdings show a pattern of consistent investment, indicating confidence in the company's future. At one point, he owned around 2.3 million shares, which played a crucial role in shaping his net worth. Recently, he has sold some holdings but still maintains a substantial amount. This fluctuation depicts a typical exercise of stock sales by an executive who balances personal finance with their company's health. His stock values varied, but overall, he holds a significant interest that reflects his long-term commitment to Worthington.

Total Stock Sold

$15.34M

WOR

$15.34M

719,600 WOR shares

What if they kept their stock?

If John P. McConnell didn't sell their stock, today they would have:
Extra WOR719,600 shares worth $22.95M.
This is 49.57% and $7.61M more than what they got when they sold the stock.

Charitable Transactions

WOR

459,750 shares

WOR

Recent Charitable Transactions

WOR

442,250 shares

WOR

Dec 18, 2020

Charity

WOR

3,125 shares

WOR

Dec 18, 2019

Charity

WOR

3,000 shares

WOR

Dec 6, 2018

Charity

WOR

1,625 shares

WOR

Dec 15, 2017

Charity

WOR

1,250 shares

WOR

Dec 13, 2016

Charity

WOR

2,125 shares

WOR

Dec 11, 2015

Charity

Insider Trading

See recent insider trades of John P. McConnell.

WOR

$977.84K

WOR at $57.52/share

May 9, 2023

Sale

WOR

$5.44M

WOR at $67.43/share

Mar 30, 2021

Sale

WOR

$5.40M

WOR at $68.13/share

Mar 26, 2021

Sale

WOR

442,250 shares

WOR

Dec 18, 2020

Charity

WOR

44,250 shares

WOR

Dec 18, 2020

Charity

WOR

9,400 shares

WOR

Jun 25, 2020

Received

WOR

3,125 shares

WOR

Dec 18, 2019

Charity

WOR

1,250 shares

WOR

Dec 18, 2019

Charity

WOR

7,260 shares

WOR

Jul 1, 2019

Received

WOR

22,500 shares

WOR

Jun 27, 2019

Received

Compensation History

See how much did John P. McConnell make over time.

In 2020, John P. McConnell's total compensation at Worthington Industries was reported as over $3.2 million. This package included a base salary of around $698,000, along with stock options that vested for a total of approximately $445,000. It's worth noting that he did not receive any bonuses for that year, which may reflect the impact of COVID-19 on business performance. His compensation strategy is designed to align with company performance, offering him incentives tied to shareholder success. This approach highlights an emphasis on performance-based pay, aiming to connect executive rewards with Worthington's profitability and growth. Overall, his compensation package is a mix of cash salary and stock, which is standard for executives of companies in similar industries.

Year

2020

Total Compensation

$1.20M

Salary

$698.72K

Board Justification

The compensation philosophy emphasizes performance-based compensation that aligns the interests of management with those of shareholders, with a significant portion of total compensation tied to performance.

Bonus

$0.00

Board Justification

No discretionary bonus was awarded in 2020.

Other

$58.14K

Board Justification

Includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$444.96K(12K common stock)

Board Justification

12,000 shares of time-vested restricted common shares vested on June 29, 2020, valued at $37.08 per share.

Performance Metrics

Annual cash incentive bonuses are tied to corporate performance metrics including EPS and EVA.

Other Worthington Enterprises CEOs

Here are other CEOs of Worthington Enterprises

B. Andrew Rose

Ex-CEO of Worthington Enterprises

September 2020 - November 2024