In 2016, Lawrence I. Sills earned $1.18M in total compensation at Standard Motor Products, including $437.50K salary, $487.25K bonus and $195.14K in stock. Most recently acquired 780 shares in Aug 2022. Currently holds stock worth $25.86M. Has donated $5.78M in stock to charitable causes. Led Standard Motor Products as CEO for 16 years.
Compensation History
Annual executive compensation data for Lawrence I. Sills, including salary, bonuses, and stock awards.
Year
2016
Total Compensation
$1.18M
Salary
$437.50K
Bonus
$487.25K
Other
$56.81K
Salary
$437.50KBoard Justification
The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on long-term value creation.
Bonus
$487.25KBoard Justification
The bonus is based on the achievement of individual performance objectives and company-level financial objectives under the EVA program, with a maximum payout of 200% of the target.
Other Compensation
$56.81KBoard Justification
Other compensation includes car allowances, contributions to retirement plans, and insurance premiums.
Restricted Stock
Board Justification
The vested stock consists of restricted stock awards that became fully vested during 2016.
Performance Metrics
Performance metrics include improvements in EVA and achievement of individual MBO goals.
Lawrence I. Sills
Ex-CEO of Standard Motor Products
Education
MBA from Harvard Business School
Field of Expertise
Business & Management - Business Management
Sector of Economy
Consumer Cyclical
Born
May 15, 1945 - 80 years ago
CEO of Standard Motor Products for
16 years 2 months (Jan 2000 - Mar 2016)
Previous Experience
Various leadership roles within Standard Motor Products
Other Standard Motor Products CEOs
Holdings
Track Lawrence I. Sills's stock holdings and portfolio value over time.
Total Stock Sold
$5.25M
$5.25M
124,343 SMP shares
What if they kept their stock?
If Lawrence I. Sills didn't sell their stock, today they would have:
Extra SMP124,343 shares worth $4.79M.
This is -8.71% and $457.17K less than what they got when they sold the stock.
Charitable Transactions
150,000 shares
SMP
Recent Charitable Transactions
25,000 shares
SMP
Dec 31, 2017
Charity
125,000 shares
SMP
Nov 18, 2011
Charity
Insider Trading
Lawrence I. Sills's recent stock transactions, purchases, and sales filed with the SEC.
$29.75K
SMP at $38.14/share
Aug 5, 2022
Purchase
$386.35K
SMP at $38.64/share
May 13, 2022
Purchase
$42.97K
SMP at $43.62/share
Mar 8, 2022
Purchase
$165.02K
SMP at $45.21/share
Mar 2, 2022
Purchase
$577.76K
SMP at $43.46/share
Feb 24, 2022
Purchase
2,000 shares
SMP
Sep 29, 2020
Received
$772.95K
SMP at $51.53/share
Nov 19, 2019
Sale
$423.90K
SMP at $52.34/share
Nov 14, 2019
Sale
$73.95K
SMP at $49.63/share
Oct 20, 2019
Sale
1,108 shares
SMP
Oct 20, 2019
Received
Rivals
Compare Lawrence I. Sills with competitor CEOs and industry peers.
Kevin M. Olsen
CEO of Dorman Products
2023 Compensation
Stock
$0.00
Salary
$884.51K
Bonus
$603.00K
Other
$44.10K
Total Holdings
$5.28M
Elon Musk
Founder and CEO of Tesla, Inc.
2024 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$171.47B
Michael C. Dennison
CEO of Fox Factory Holding Corp.
2023 Compensation
Stock
$800.00K
Salary
$500.00K
Bonus
$150.00K
Other
$25.00K
Total Holdings
$5.42M
Dennis C. Schemm
CEO of Fox Factory Holding Corp.
2023 Compensation
Stock
$600.00K
Salary
$500.00K
Bonus
$100.00K
Other
$25.00K
Total Holdings
$834.64K