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Larry Wexler served as the CEO of Turning Point Brands, Inc. for over 18 years, leading the company through significant changes in the tobacco and consumer goods market. He has a strong background in business, holding a Bachelor's degree from...

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Larry Wexler

Ex-CEO of Turning Point Brands

Education

Bachelor's degree in business from the University of North Carolina at Chapel Hill

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1956 - 69 years ago

CEO of Turning Point Brands for

18 years 0 months (Jan 2004 - Jan 2022)

Previous Experience

CEO of North Atlantic Trading Company, Inc.

Rivals

Competitors/colleagues of Larry Wexler

Holdings

See how much did Larry Wexler make over time.

Throughout his career at Turning Point Brands, Wexler held significant stock in the company, reflecting his commitment to its success. In his final years, we saw some notable fluctuations in his holdings, with 5,000 shares vesting in 2021 worth about...

No data yet.

No data yet.

Total Stock Sold

$179.76K

TPB

$179.76K

6,553 TPB shares

What if they kept their stock?

If Larry Wexler didn't sell their stock, today they would have:
Extra TPB6,553 shares worth $187.74K.
This is 4.44% and $7.98K more than what they got when they sold the stock.

Charitable Transactions

TPB

38,000 shares

TPB

Recent Charitable Transactions

TPB

38,000 shares

TPB

Dec 31, 2022

Charity

Insider Trading

See recent insider trades of Larry Wexler.

TPB

$148.22K

TPB at $31.57/share

Jun 11, 2024

Sale

TPB

$80.01K

TPB at $33.13/share

May 8, 2024

Received

TPB

$546.83K

TPB at $24.84/share

Feb 1, 2024

Received

TPB

$70.01K

TPB at $21.77/share

May 8, 2023

Received

TPB

$592.87K

TPB at $22.71/share

Feb 10, 2023

Received

TPB

38,000 shares

TPB

Dec 31, 2022

Charity

TPB

3,475 shares

TPB

Mar 14, 2022

Received

TPB

$958.44K

TPB at $33.92/share

Feb 3, 2022

Received

TPB

$56.92K

TPB at $37.95/share

Oct 28, 2021

Purchase

TPB

$56.92K

TPB at $37.95/share

Oct 28, 2021

Received

Compensation History

See how much did Larry Wexler make over time.

In the realm of executive compensation, Larry Wexler made $685,000 in his last year, largely through a combination of salary, bonuses, and stock. His base salary was $500,000, with an added bonus of $100,000 tied to hitting specific performance metrics like revenue and profitability, which illustrates a robust link between payment and performance. He also had vested stock worth around $60,000 that year, which was part of incentives for long-term goals. The salary details reflect how companies now try to keep their executives accountable and aligned to the business outcomes. Over the years, Wexler's pay fluctuated but maintained this performance-based structure. His focus on aligning CEO pay with company performance shows a modern approach to corporate governance.

Year

2022

Total Compensation

$685.00K

Salary

$500.00K

Board Justification

The compensation philosophy emphasizes aligning CEO pay with company performance, utilizing peer benchmarking to ensure competitiveness and retention strategies.

Bonus

$100.00K

Board Justification

The bonus is based on the achievement of specific performance metrics related to revenue growth and profitability for the fiscal year 2022.

Other

$25.00K

Board Justification

Other compensation includes retirement contributions and health benefits provided to the CEO in 2022.

Restricted Stock

$60.00K(2K RSU)

Board Justification

The vested stock represents shares that were granted in previous years and became fully vested in 2022, based on the company's stock performance.

Performance Metrics

Performance metrics include revenue growth targets and EBITDA margins that drive the bonus and other performance-related compensation.

Other Turning Point Brands CEOs

Here are other CEOs of Turning Point Brands