Sundar PichaiSundar Pichai earned $164M in 2023

Michael M. McNamara served as the CEO of Flex Ltd. from January 2006 to December 2018, having a strong background in operations. He was previously the company's Chief Operating Officer and had worked in various leadership roles since 1994. McNamara...

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Michael M. McNamara

Ex-CEO of Flex Ltd.

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1958 - 67 years ago

CEO of Flex Ltd. for

12 years 11 months (Jan 2006 - Dec 2018)

Previous Experience

Chief Operating Officer of the Company since January 2002; President, Americas Operations from April 1997 to December 2001; Vice President, North American Operations from April 1994 to April 1997.

Holdings

See how much did Michael M. McNamara make over time.

During his time at Flex Ltd., Michael M. McNamara built significant wealth through his stock holdings. His insider trades reached impressive values, peaking at around $105 million by early 2024. In the months leading up to 2024, McNamara’s stock value...

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Total Stock Sold

$202.96M

FLEX

$140.71M

12,214,666 FLEX shares

WDAY

$62.25M

419,445 WDAY shares

What if they kept their stock?

If Michael M. McNamara didn't sell their stock, today they would have:
Extra FLEX12,214,666 shares worth $122.27M and WDAY419,445 shares worth $77.50M.
This is -1.57% and $3.19M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael M. McNamara.

WDAY

1,837 shares

WDAY

Jun 18, 2024

Received

WDAY

1,930 shares

WDAY

Jun 22, 2023

Received

WDAY

2,645 shares

WDAY

Jun 22, 2022

Received

WDAY

$600.00K

WDAY at $240.00/share

Apr 1, 2022

Sale

WDAY

$4.27M

WDAY at $284.72/share

Nov 22, 2021

Sale

WDAY

1,780 shares

WDAY

Jun 8, 2021

Received

WDAY

$36.41M

WDAY at $242.72/share

Aug 31, 2020

Sale

WDAY

2,301 shares

WDAY

Jun 9, 2020

Received

WDAY

1,880 shares

WDAY

Jun 18, 2019

Received

WDAY

$197.74K

WDAY at $197.74/share

Jun 5, 2019

Purchase

Compensation History

See how much did Michael M. McNamara make over time.

Michael M. McNamara's compensation during his tenure as CEO of Flex Ltd. was significant and varied year to year. In 2018, he earned a whopping total of $16.17 million, driven primarily by vesting stocks worth $12.76 million, alongside a steady salary of $1.25 million. During earlier years, such as 2017, his total compensation was slightly lower at $14.79 million, indicating that it often included no bonuses based on performance metrics. In 2016, for instance, he received a substantial bonus of nearly $1.97 million for meeting company goals, highlighting the pay-for-performance structure of his compensation package. Over his career, the consistent base salary alongside varying bonuses based on company performance painted a picture of accountability and alignment with shareholder interests.

Year

2018

Total Compensation

$15.30M

Salary

$1.25M

Board Justification

The compensation philosophy is to pay for performance, aligning executive compensation with the achievement of meaningful company objectives and shareholder value creation.

Bonus

$0.00

Board Justification

No bonus was awarded for fiscal year 2019 due to retirement on December 31, 2018.

Other

$1.29M

Board Justification

Includes severance payment and other benefits upon retirement.

Restricted Stock

$12.76M(1.02M RSU)

Board Justification

Vested restricted share units during fiscal year 2019.

Performance Metrics

Performance metrics included revenue growth, adjusted operating profit, return on invested capital, and adjusted earnings per share.

Other Flex Ltd. CEOs

Here are other CEOs of Flex Ltd.