In 2011, Michael B. Glenn earned $814.22K in total compensation at UFP Industries, Inc., including $324.11K salary, $142.63K bonus and $36.77K in stock. Most recently sold 12,500 shares in Aug 2011. Has donated $1.76M in stock to charitable causes. Led UFP Industries, Inc. as CEO for 5 years.
Compensation History
Annual executive compensation data for Michael B. Glenn, including salary, bonuses, and stock awards.
Year
2011
Total Compensation
$814.22K
Salary
$324.11K
Bonus
$142.63K
Other
$310.71K
Salary
$324.11KBoard Justification
The compensation philosophy is designed to align executive compensation with company performance, attract and retain key executives, and reward performance based on achievement of company goals.
Bonus
$142.63KBoard Justification
The bonus was based on the company's performance metrics and was pro-rated for the portion of the year he was employed, as he left the company on June 21, 2011.
Other Compensation
$310.71KBoard Justification
Other compensation includes consulting fees of $281,819 and COBRA expenses of $8,303 for the period from June 22, 2011 to December 31, 2011.
Restricted Stock
Board Justification
The vested stock was granted under the Executive Stock Grant Program and was based on Mr. Glenn attaining age 60 on March 16, 2011.
Performance Metrics
The performance metrics for determining compensation included operating profit and return on investment (ROI) for the company.
Michael B. Glenn
Ex-CEO of UFP Industries, Inc.
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Basic Materials
Born
January 1, 1952 - 73 years ago
CEO of UFP Industries, Inc. for
5 years 0 months (Jul 2006 - Jul 2011)
Previous Experience
Senior Vice President of the Company’s southwest operations, President of Universal Forest Products Western Division, Inc.
Other UFP Industries, Inc. CEOs
Holdings
Track Michael B. Glenn's stock holdings and portfolio value over time.
Total Stock Sold
$748.63K
$748.63K
75,000 UFPI shares
What if they kept their stock?
If Michael B. Glenn didn't sell their stock, today they would have:
Extra UFPI75,000 shares worth $6.79M.
This is 806.86% and $6.04M more than what they got when they sold the stock.
Charitable Transactions
19,476 shares
UFPI
Recent Charitable Transactions
Insider Trading
Michael B. Glenn's recent stock transactions, purchases, and sales filed with the SEC.
Rivals
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