In 2018, Parker H. "Pete" Petit earned $5.37M in total compensation at MiMedx Group, including $750.00K salary, $1.22M bonus and $3.37M in stock. Most recently acquired 144,500 shares in Feb 2018. Currently holds stock worth $73.92M. Has donated $39.26M in stock to charitable causes. Led MiMedx Group as CEO for 9 years.
Compensation History
Annual executive compensation data for Parker H. "Pete" Petit, including salary, bonuses, and stock awards.
Year
2018
Total Compensation
$5.37M
Salary
$750.00K
Bonus
$1.22M
Other
$27.24K
Salary
$750.00KBoard Justification
MiMedx’s executive compensation philosophy is based on the belief that competitive compensation is essential to attract and retain highly-qualified executives and incentivize them to achieve the Company’s operational and financial goals.
Bonus
$1.22MBoard Justification
The Company paid Mr. Wright a discretionary bonus in lieu of his target MIP bonus, as discussed above under 'Annual Non-Equity Incentive Awards.'
Other Compensation
$27.24KBoard Justification
Includes commuting expenses, reimbursement for travel expenses for his spouse, and 401(k) match.
Restricted Stock
Board Justification
The Company granted Mr. Wright 681,818 shares of restricted stock upon his appointment as Chief Executive Officer, scheduled to vest pro rata annually over three years.
Performance Metrics
The Company did not formally approve an annual incentive plan for 2019 due to various factors, but discretionary bonuses were awarded.
Parker H. "Pete" Petit
Founder and Ex-CEO of MiMedx Group
Education
Bachelor's degree in Mechanical Engineering and Master of Science degree in Engineering Mechanics from Georgia Tech; MBA degree in Finance from Georgia State University.
Field of Expertise
Healthcare & Life Sciences - Healthcare
Sector of Economy
Healthcare
Born
January 1, 1949 - 76 years ago
CEO of MiMedx Group for
9 years 4 months (Feb 2009 - Jun 2018)
Previous Experience
Chairman and CEO of Matria Healthcare; Chairman and CEO of Healthdyne and its publicly traded subsidiaries.
Other MiMedx Group CEOs
Holdings
Track Parker H. "Pete" Petit's stock holdings and portfolio value over time.
Total Stock Sold
$1.25M
$1.25M
150,000 MDXG shares
What if they kept their stock?
If Parker H. "Pete" Petit didn't sell their stock, today they would have:
Extra MDXG150,000 shares worth $1.04M.
This is -16.61% and $207.00K less than what they got when they sold the stock.
Charitable Transactions
5,665,389 shares
MDXG
Recent Charitable Transactions
369,667 shares
MDXG
Dec 31, 2017
Charity
584,494 shares
MDXG
Dec 31, 2016
Charity
1,841,700 shares
MDXG
Dec 31, 2015
Charity
33,000 shares
MDXG
Jan 15, 2015
Charity
30,000 shares
MDXG
Dec 31, 2014
Charity
98,825 shares
MDXG
Mar 24, 2014
Charity
Insider Trading
Parker H. "Pete" Petit's recent stock transactions, purchases, and sales filed with the SEC.
$1.28M
MDXG at $8.88/share
Feb 22, 2018
Received
$152.88K
MDXG at $12.23/share
Oct 26, 2017
Received
369,667 shares
MDXG
Dec 31, 2017
Charity
240,000 shares
MDXG
Feb 22, 2017
Received
584,494 shares
MDXG
Dec 31, 2016
Charity
200,000 shares
MDXG
Dec 31, 2016
Charity
$139.80K
MDXG at $6.99/share
May 20, 2016
Purchase
$204.60K
MDXG at $6.82/share
May 17, 2016
Purchase
$270.00K
MDXG at $6.75/share
May 13, 2016
Purchase
$337.00K
MDXG at $6.74/share
May 12, 2016
Purchase
Rivals
Compare Parker H. "Pete" Petit with competitor CEOs and industry peers.