Jonathan H. Weis has been steering Weis Markets, Inc. since his appointment as President and CEO in 2014. He was initially the interim CEO for a bit before taking on the role permanently. Jonathan isn't just about leading the company;...

Jonathan H. Weis has been steering Weis Markets, Inc. since his appointment as President and CEO in 2014. He was initially the interim CEO for a bit before taking on the role permanently. Jonathan isn't just about leading the company; he’s also the Vice Chairman, showing his deep involvement in shaping the strategy at Weis Markets. The Weis family has a long history in the grocery business, and Jonathan is continuing that legacy as the son of the former Chairman, Robert F. Weis. His background includes being a key player in the company since at least 2004, which means he knows the ins and outs of the retail sector pretty well. In terms of earnings, he made over $10 million in total compensation last year, heavily driven by performance-based cash incentives, which shows the right kind of motivation is in place. This ties his success directly to how well the company performs. Interestingly, Jonathan holds a stake in the company, owning around 110,000 shares. This means he’s got skin in the game, aligning his interests with those of the shareholders. Overall, Jonathan’s journey reflects a mix of family heritage, steady leadership, and a commitment to driving success within Weis Markets.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Weis Markets CEOs

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Jonathan H. Weis

CEO of Weis Markets

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

CEO of Weis Markets for

11 years 8 months (Sep 2013 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Jonathan H. Weis

I

James Lanning

CEO of Ingles Markets

2023 Compensation

Stock

$0.00

Salary

$1.12M

Bonus

$2.12M

Other

$57.52K

Total Holdings

$623.10K

Holdings

See how much did Jonathan H. Weis make over time.

Jonathan H. Weis has approximately 110,585 shares in Weis Markets, Inc., showing his commitment to the company’s future. His holdings have seen significant growth as the company performs well in the competitive grocery sector. Over the years, Jonathan’s stake has...

Jonathan H. Weis has approximately 110,585 shares in Weis Markets, Inc., showing his commitment to the company’s future. His holdings have seen significant growth as the company performs well in the competitive grocery sector. Over the years, Jonathan’s stake has fluctuated, but he remains a key player among shareholders. While his net worth as linked to these shares is modest compared to family holdings, it indicates a personal investment in the company he runs. His previous leadership roles before becoming CEO and the consistent performance of Weis Markets highlight his experience in managing assets effectively within the industry. Jonathan's personal financial stake is tied up in the performance of the grocery chain, reflecting a vested interest in driving growth and stability for Weis. This dual role as CEO and shareholder makes him an essential component of the company’s strategy and success.

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Insider Trading

See recent insider trades of Jonathan H. Weis.

No insider trades found for this CEO.

Compensation History

See how much did Jonathan H. Weis make over time.

In 2022, Jonathan H. Weis received a total compensation of approximately $10 million from Weis Markets. His pay structure is heavily geared towards performance incentives, with about $8.6 million coming from vested stock under a non-equity incentive plan. This means the better the company does, the more he gets paid, which makes sense for a CEO focused on results. He has not been awarded stock grants or stock options in recent years, indicating that his earning potential is tied primarily to the operational success of the business, rather than bonuses from equity incentives. His base salary was set at around $1.2 million, with no reported bonuses for the past two years. Jonathan's compensation approach reflects a philosophy aimed at ensuring that executives are motivated by the long-term performance of the company, keeping him accountable to the shareholders.

Year

2022

Total Compensation

$10.08M

Salary

$1.19M

Board Justification

The compensation program aims to attract and retain qualified executives with a competitive package aligned with the company's financial objectives, without reliance on equity-based incentives.

Bonus

$0.00

Board Justification

No bonus was reported for 2022.

Other

$262.97K

Board Justification

This includes contributions to the Supplemental Executive Retirement Plan and perquisites such as investment advisory services and use of company vehicles.

Restricted Stock

$8.63M(8.63M Cash-based performance incentive)

Board Justification

This amount represents the total earned under the annual non-equity incentive plan for fiscal 2022, which is deferred until after December 31, 2022.

Performance Metrics

The performance metrics include budgeted total Company net sales and operating income.

Other Weis Markets CEOs

Here are other CEOs of Weis Markets

David J. Hepfinger

Ex-CEO of Weis Markets

January 2009 - September 2013