In 2023, Mark A. Carano earned $629.32K in total compensation at SPX Technologies, including $500.00K salary and $100.00K bonus. Most recently acquired 5,316 shares in Feb 2024. Currently holds stock worth $2.95M. 2+ years at the helm of SPX Technologies.
Compensation History
Annual executive compensation data for Mark A. Carano, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$629.32K
Salary
$500.00K
Bonus
$100.00K
Other
$29.32K
Salary
$500.00KBoard Justification
The compensation program is designed to align short- and long-term rewards directly to business performance, with a significant portion of total compensation being variable and tied to performance metrics.
Bonus
$100.00KBoard Justification
Mr. Carano received a sign-on bonus of $100,000 to offset the loss of a portion of the incentive compensation under his prior employment arrangement, paid in 2023.
Other Compensation
$29.32KBoard Justification
Other compensation includes financial planning, executive physical, matching gifts, and retirement savings plan match.
Restricted Stock
Board Justification
No stock awards vested in 2023 as Mr. Carano was hired effective January 3, 2023.
Performance Metrics
The performance metrics for the annual incentive included adjusted operating income, adjusted free cash flow, and adjusted revenue.
Mark A. Carano
CEO of SPX Technologies
Education
Not specified
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Industrials
Born
January 1, 1970 - 55 years ago
CEO of SPX Technologies for
2 years 11 months (Jan 2023 - Present)
Previous Experience
Senior Vice President, Chief Financial Officer and Treasurer at Insteel Industries, Inc.
Other SPX Technologies CEOs
Holdings
Track Mark A. Carano's stock holdings and portfolio value over time.
Insider Trading
Mark A. Carano's recent stock transactions, purchases, and sales filed with the SEC.
5,316 shares
SPXC
Feb 28, 2024
Received
7,224 shares
SPXC
Mar 1, 2023
Received
9,803 shares
SPXC
Mar 1, 2023
Received
3,499 shares
SPXC
Feb 1, 2023
Received
Rivals
Compare Mark A. Carano with competitor CEOs and industry peers.
Vicente Reynal
CEO of Ingersoll Rand
2023 Compensation
Stock
$0.00
Salary
$1.13M
Bonus
$3.43M
Other
$175.95K
Total Holdings
$49.37M
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
Gunnar Kleveland
CEO of Albany International Inc.
2023 Compensation
Stock
$507.48K
Salary
$300.00K
Bonus
$3.30M
Other
$139.67K
Total Holdings
$582.87K
Tod E. Carpenter
CEO of Donaldson Company
2022 Compensation
Stock
$0.00
Salary
$1.06M
Bonus
$1.28M
Other
$182.89K
Total Holdings
$850.82K
Bob Pragada
CEO of Jacobs Solutions
2023 Compensation
Stock
$1.50M
Salary
$1.00M
Bonus
$500.00K
Other
$200.00K
Total Holdings
$39.47M