In 2015, Mark A. Sarvary earned $5.59M in total compensation at Tempur Sealy International, including $1.03M salary and $1.93M in stock. Currently holds stock worth $6.19M. Led Tempur Sealy International as CEO for 6 years.
Compensation History
Annual executive compensation data for Mark A. Sarvary, including salary, bonuses, and stock awards.
Year
2015
Total Compensation
$5.59M
Salary
$1.03M
Bonus
$0.00
Other
$2.63M
Salary
$1.03MBoard Justification
The compensation program is designed to attract, motivate and retain the leaders of the business by rewarding executives for Company performance and execution of key business plans and strategies, creating long-term value for stockholders.
Bonus
$0.00Board Justification
Mr. Sarvary did not receive any annual incentive pay for 2015, as per the terms of his employment agreement.
Other Compensation
$2.63MBoard Justification
This includes a severance payment in a lump sum payment in the amount of $426,110, equal to a prorated portion of his base salary based on the number of days of the calendar year prior to the effective date of termination, following his termination by the Company without Cause on May 31, 2015.
Restricted Stock
Board Justification
Mr. Sarvary received 65,823 PRSUs tied to the Company’s three-year Adjusted EPS for the performance cycle of January 1, 2015 through December 31, 2017. Following his termination, the number of PRSUs was reduced to 27,426 shares to reflect his partial year of service in 2015.
Performance Metrics
The performance metrics for the PRSUs are tied to the Company’s three-year Adjusted EPS for the performance cycle of January 1, 2015 through December 31, 2017.
Mark A. Sarvary
Ex-CEO of Tempur Sealy International
Education
BSc (Physics) from Kent University; MBA from INSEAD Business School.
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
CEO of Tempur Sealy International for
6 years 9 months (Aug 2008 - May 2015)
Previous Experience
Industrial Partner with CVC Capital Partners; President of Campbell Soup Company’s North America division; CEO of J. Crew Group, Inc.; worked for Nestle.
Holdings
Track Mark A. Sarvary's stock holdings and portfolio value over time.
Insider Trading
Mark A. Sarvary's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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