Sundar Pichai earned $164M in 2023

Michael H. Carrel has been the President and CEO of AtriCure, Inc. since November 2012. Before joining AtriCure, he was the CEO at Vital Images, which was sold to Toshiba in 2011. Carrel started his career at Vital Images in...

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Michael H. Carrel

CEO of AtriCure

Field of Expertise

Business & Management

Sector of Economy

Healthcare

CEO of AtriCure for

12 years 8 months (Nov 2012 - Present)

Previous Experience

President and Chief Executive Officer of Vital Images

Rivals

Competitors/colleagues of Michael H. Carrel

Holdings

See how much did Michael H. Carrel make over time.

Michael H. Carrel's stock holdings in AtriCure, Inc. saw a steep rise, reaching an impressive peak of around $41 million in May 2021. His investments fluctuated significantly, starting at approximately $15.81 million in September 2019 and impressively climbing to $29.52...

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Total Stock Sold

$35.21M

ATRC

$35.21M

700,000 ATRC shares

What if they kept their stock?

If Michael H. Carrel didn't sell their stock, today they would have:
Extra ATRC700,000 shares worth $31.49M.
This is -10.56% and $3.72M less than what they got when they sold the stock.

Charitable Transactions

ATRC

60,355 shares

ATRC

Recent Charitable Transactions

ATRC

3,000 shares

ATRC

Aug 14, 2024

Charity

ATRC

2,000 shares

ATRC

Mar 14, 2024

Charity

ATRC

10,000 shares

ATRC

Nov 27, 2023

Charity

ATRC

1,250 shares

ATRC

Aug 4, 2023

Charity

ATRC

1,000 shares

ATRC

May 31, 2023

Charity

ATRC

1,600 shares

ATRC

Mar 1, 2023

Charity

Insider Trading

See recent insider trades of Michael H. Carrel.

ATRC

101,242 shares

ATRC

Mar 1, 2025

Received

ATRC

3,000 shares

ATRC

Aug 14, 2024

Charity

ATRC

$13.68K

ATRC at $19.35/share

Jun 28, 2024

Received

ATRC

2,000 shares

ATRC

Mar 14, 2024

Charity

ATRC

119,996 shares

ATRC

Mar 1, 2024

Received

ATRC

10,000 shares

ATRC

Nov 27, 2023

Charity

ATRC

1,250 shares

ATRC

Aug 4, 2023

Charity

ATRC

$21.23K

ATRC at $38.11/share

Jun 30, 2023

Received

ATRC

1,000 shares

ATRC

May 31, 2023

Charity

ATRC

115,227 shares

ATRC

Mar 1, 2023

Received

Compensation History

See how much did Michael H. Carrel make over time.

In 2012, Michael H. Carrel began his role as CEO of AtriCure with an initial salary of $500,000, along with a significant signing bonus. In 2018, his potential bonus could reach up to 125% of his base salary based on performance metrics defined by the company. His total compensation structure is designed to attract and retain talent by linking executive pay to the company’s success. For instance, in 2013, his earnings included a bonus of approximately $591,000, reflecting strong performance metrics. The compensation strategy at AtriCure emphasizes a pay-for-performance model that aligns with the company's operational and financial achievements, aiming to motivate executives to meet specific goals and drive long-term value for shareholders.

Year

2012

Total Compensation

$201.46K

Salary

$83.33K

Board Justification

The compensation philosophy is rooted in a pay-for-performance approach that links executive officer compensation to company performance, aiming to attract, motivate, and retain talented executives while aligning their interests with those of stockholders.

Bonus

$0.00

Board Justification

No bonuses were paid for 2012 as the determination of the annual incentive targets was not made until the second half of the year due to transitions in management.

Other

$118.13K

Board Justification

Other compensation includes reimbursement of certain out-of-pocket expenses, including temporary housing and for reimbursement up to $10,000 annually for incremental term life insurance.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2012 as the amounts reported in the stock awards column represent the aggregate grant date fair value of performance share awards, restricted stock awards and option awards computed, as of each grant date, in accordance with FASB ASC Topic 718.

Performance Metrics

The performance metrics for determining the compensation are based on the achievement of specific operational, financial, and strategic goals.

Other AtriCure CEOs

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