Les C. Vinney served as the CEO of STERIS from 2005 until 2007. During his time, he earned impressive annual compensation, reaching up to $2.79 million in 2007, largely driven by performance-based bonuses and stock awards. Vinney had a significant...

Les C. Vinney served as the CEO of STERIS from 2005 until 2007. During his time, he earned impressive annual compensation, reaching up to $2.79 million in 2007, largely driven by performance-based bonuses and stock awards. Vinney had a significant role in the financial direction of STERIS, and this was reflected in his performance-linked pay structure, which considered metrics like total revenue growth and earnings before interest and taxes. He was instrumental in the company’s transition during a crucial phase, managing the challenges of leadership changes. Interestingly, Vinney performed several large trades, managing millions in insider trading that peaked at $21.95 million in May 2020. His background in finance included notable positions prior to STERIS, particularly as CFO at BF Goodrich Company. Although his tenure was relatively short, the impact of his leadership on STERIS was designed to steer the company toward long-term value creation and align management with business goals, highlighting his strategic approach to corporate performance.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other STERIS CEOs

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Mr. Vinney

Ex-CEO of STERIS

Sector of Economy

Healthcare

CEO of STERIS for

2 years 5 months (Jan 2005 - Jun 2007)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Mr. Vinney

Holdings

See how much did Mr. Vinney make over time.

Les C. Vinney was quite active in managing his stock holdings during his time at STERIS. His insider trading peaked in May 2020 with a whopping $21.95 million in trades. He consistently managed significant portfolios, with his holdings fluctuating around...

Les C. Vinney was quite active in managing his stock holdings during his time at STERIS. His insider trading peaked in May 2020 with a whopping $21.95 million in trades. He consistently managed significant portfolios, with his holdings fluctuating around $9 million to $14 million over several months in 2020-2021, showing a keen involvement in the market. At one point, he held upwards of $12 million in assets in a single month, demonstrating both confidence in STERIS and a strategic liking for managing investments. This level of activity indicates a strong commitment to his wealth management strategy and reflects an analytical mindset that aligns with his corporate leadership role. Such patterns are often the hallmark of CEOs with a vested interest in their companies, indicating that Vinney was not just leading but also investing alongside shareholders.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

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During his time as CEO, Les C. Vinney experienced notable financial success, with his highest total compensation reaching $2.79 million in 2007. This included a base salary of $750,000, performance bonuses which could vary significantly based on company performance, and stock awards that represented a substantial portion of his pay. The structure of his compensation was intentionally designed to reflect the company's achievements, emphasizing metrics like revenue growth and operating income. Vinney's bonuses could be as much as 175% of his base salary, depending on how well the company did against its financial goals. This approach not only aimed to incentivize performance but also aligned his interests with those of shareholders, making his compensation a reflection of his commitment to the company's long-term success.

Year

2007

Total Compensation

$1.72M

Salary

$750.00K

Board Justification

The compensation philosophy is designed to support and promote the achievement of company goals and objectives by helping to recruit and retain executive talent, aligning management performance with business objectives, and providing incentives for both annual financial performance and long-term value creation.

Bonus

$277.13K

Board Justification

The bonus was based on performance against full year fiscal 2008 financial objectives, and could range from 0% to 175% of annual base salary based on actual performance against the established financial objectives.

Other

$16.10K

Board Justification

Other compensation includes various benefits such as tax preparation and financial planning services.

Restricted Stock

$678.05K(30K Restricted Stock Units (RSUs))

Board Justification

Restricted stock units awarded on May 7, 2007, which vested on May 31, 2008.

Performance Metrics

The performance metrics for the CEO's compensation in 2007 included total revenue growth, total free cash flow, and total earnings before interest and taxes (EBIT).

Other STERIS CEOs

Here are other CEOs of STERIS

Walter M Rosebrough

Ex-CEO of STERIS

June 2007 - July 2021