Lawrence I. Sills has a solid background in business administration and management, having guided Standard Motor Products (SMP) as CEO from 2000 to 2016. With over 50 years in the automotive industry, he navigated the company’s growth during his tenure....

Lawrence I. Sills has a solid background in business administration and management, having guided Standard Motor Products (SMP) as CEO from 2000 to 2016. With over 50 years in the automotive industry, he navigated the company’s growth during his tenure. Sills is a familiar face in the industry, stepping down in early 2021 but remaining as Chairman of the Board. Notably, he played a critical role in enhancing the company’s operations and performance metrics, which were linked to executive compensation based on individual and company goals. Under his leadership, Sills faced the ups and downs common in this sector, yet he was involved in key strategic decisions that shaped the company’s long-term trajectory. One of his significant actions included overseeing stock option grants to align with shareholder interests, highlighting a belief in shared success. His family history with SMP adds a personal touch; he represents three generations of the Sills family in the company, which was founded in 1919.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Standard Motor Products CEOs

S

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

Rivals

Competitors/colleagues of Lawrence I. Sills

W

Dustin T. Smith

CEO of Wabash National

2023 Compensation

Stock

$0.00

Salary

$520.19K

Bonus

$0.00

Other

$65.89K

Total Holdings

$1.31M

D

Kevin M. Olsen

CEO of Dorman Products

2023 Compensation

Stock

$0.00

Salary

$884.51K

Bonus

$603.00K

Other

$44.10K

Total Holdings

$7.25M

T

Elon Musk

Founder and CEO of Tesla, Inc.

2023 Compensation

Stock

$1.86M

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$92.56B

F

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

$3.37M

F

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

$1.57M

Holdings

See how much did Lawrence I. Sills make over time.

Lawrence I. Sills has been actively involved in the stock market, especially concerning his company, Standard Motor Products (SMP). In late 2019, his stock holdings in the company jumped significantly. For instance, they started at about $31.30 million on September...

Lawrence I. Sills has been actively involved in the stock market, especially concerning his company, Standard Motor Products (SMP). In late 2019, his stock holdings in the company jumped significantly. For instance, they started at about $31.30 million on September 1, 2019, and peaked at around $33.70 million in November 2019. Over the following months, his holdings have fluctuated, dipping as low as $24.53 million in May 2020 before gradually increasing again to around $33.08 million in December of the same year. As of early 2021, his stock portfolio reflected the ebb and flow with values around the $30 million mark. His substantial holdings indicate a strong belief in the company's long-term success, with a significant portion of his wealth directly tied to SMP.

Mar 17, 2025

S

shares

SMP @ $26.20

Total Stock Sold

$5.25M

SMP

$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 $5.33M.
This is 1.64% and $86.21K more than what they got when they sold the stock.

Charitable Transactions

SMP

150,000 shares

SMP

Recent Charitable Transactions

SMP

25,000 shares

SMP

Dec 31, 2017

Charity

SMP

125,000 shares

SMP

Nov 18, 2011

Charity

Insider Trading

See recent insider trades of Lawrence I. Sills.

SMP

$29.75K

SMP at $38.14/share

Aug 5, 2022

Purchase

SMP

$386.35K

SMP at $38.64/share

May 13, 2022

Purchase

SMP

$42.97K

SMP at $43.62/share

Mar 8, 2022

Purchase

SMP

$165.02K

SMP at $45.21/share

Mar 2, 2022

Purchase

SMP

$577.76K

SMP at $43.46/share

Feb 24, 2022

Purchase

SMP

2,000 shares

SMP

Sep 29, 2020

Received

SMP

$772.95K

SMP at $51.53/share

Nov 19, 2019

Sale

SMP

$423.90K

SMP at $52.34/share

Nov 14, 2019

Sale

SMP

$73.95K

SMP at $49.63/share

Oct 20, 2019

Sale

SMP

1,108 shares

SMP

Oct 20, 2019

Received

Compensation History

See how much did Lawrence I. Sills make over time.

In 2016, Lawrence I. Sills had a total compensation of $1,042,759, which included a salary of $437,500. His bonus that year reached $487,250, highlighting a strong link between his performance and company goals. Sills also had over $195,000 worth of vested stock, an incentive tied to the company’s growth measures. This compensation structure is designed to motivate executives like him to meet performance objectives that also benefit shareholders over the long term. His approach to compensation aligns with the company's philosophy of keeping executive pay connected to overall corporate success, ensuring that his interests as CEO were in tune with those of investors. Interestingly, his pay decreased from previous years, signaling possible adjustments to align with financial performance.

Year

2016

Total Compensation

$1.18M

Salary

$437.50K

Board Justification

The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on long-term value creation.

Bonus

$487.25K

Board 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

$56.81K

Board Justification

Other compensation includes car allowances, contributions to retirement plans, and insurance premiums.

Restricted Stock

$195.14K(3.73K common 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.

Other Standard Motor Products CEOs

Here are other CEOs of Standard Motor Products

Eric Sills

CEO of Standard Motor Products

March 2016 - Present