Paul O. Richins served as the Chief Administrative Officer of Utah Medical Products Inc. (UTMD) from 1997 until his retirement in 2018. He joined the company in 1990 and held multiple roles, including Treasurer and Principal Financial Officer, showing a...

Paul O. Richins served as the Chief Administrative Officer of Utah Medical Products Inc. (UTMD) from 1997 until his retirement in 2018. He joined the company in 1990 and held multiple roles, including Treasurer and Principal Financial Officer, showing a strong commitment over nearly three decades. Richins has an education background in finance, holding a B.S. from Weber State University and an MBA from Pepperdine University. Under his management, UTMD focused on aligning executive compensation with company performance, allowing for sustainable growth. His compensation peaked in 2017 at around $146,730, but it also dropped to $41,529 in his last year before retiring, showing his retirement impact. Interestingly, he also engaged in insider trading, with trades exceeding $2 million on several occasions, which highlights an active role in managing his investment. Richins retired in 2018 but remained on the board to guide and support the company further.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Utah Medical Products CEOs

U

Paul O. Richins

Ex-CEO of Utah Medical Products

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Healthcare

Born

January 1, 1971 - 54 years ago

CEO of Utah Medical Products for

11 years 11 months (Apr 2006 - Apr 2018)

Previous Experience

Chief Administrative Officer since 1997, Treasurer since 1994

Rivals

Competitors/colleagues of Paul O. Richins

Holdings

See how much did Paul O. Richins make over time.

Paul O. Richins had a notable history of insider trading, with transactions in 2019 and 2020 showing amounts between $1.78M to $2.58M. For instance, he sold shares worth $2.58 million in December 2019. These holdings suggest that he had a...

Paul O. Richins had a notable history of insider trading, with transactions in 2019 and 2020 showing amounts between $1.78M to $2.58M. For instance, he sold shares worth $2.58 million in December 2019. These holdings suggest that he had a significant stake in the company at the time. His net worth tied to these trading activities fluctuated, with peaks around $2.58 million and dips, emphasizing his dynamic engagement with the company's stock value. This indicates not just a passive relationship with his stock, but a strategic involvement in its performance. Over time, as he planned to retire, you could see a shift in his trading, indicating a move towards liquidity. Finally, his overall management of stock demonstrated an investor's mindset, likely benefiting his financial standing at retirement.

Mar 18, 2025

U

shares

UTMD @ $57.81

Total Stock Sold

$231.96K

UTMD

$231.96K

2,667 UTMD shares

What if they kept their stock?

If Paul O. Richins didn't sell their stock, today they would have:
Extra UTMD2,667 shares worth $273.87K.
This is 18.07% and $41.92K more than what they got when they sold the stock.

Charitable Transactions

UTMD

5,055 shares

UTMD

Recent Charitable Transactions

UTMD

$15.69K

UTMD at $69.72/share

May 17, 2024

Charity

UTMD

$13.88K

UTMD at $92.50/share

Mar 17, 2023

Charity

UTMD

$22.25K

UTMD at $88.98/share

Jun 27, 2022

Charity

UTMD

$20.81K

UTMD at $92.48/share

Mar 11, 2021

Charity

UTMD

$2.47K

UTMD at $82.36/share

May 12, 2020

Charity

UTMD

$16.05K

UTMD at $80.26/share

May 7, 2020

Charity

Insider Trading

See recent insider trades of Paul O. Richins.

UTMD

$15.69K

UTMD at $69.72/share

May 17, 2024

Charity

UTMD

$65.43K

UTMD at $93.47/share

May 18, 2023

Sale

UTMD

$13.88K

UTMD at $92.50/share

Mar 17, 2023

Charity

UTMD

$40.77K

UTMD at $90.81/share

Nov 18, 2022

Sale

UTMD

$14.49K

UTMD at $90.00/share

Nov 17, 2022

Sale

UTMD

$3.70K

UTMD at $92.50/share

Nov 11, 2022

Sale

UTMD

$22.25K

UTMD at $88.98/share

Jun 27, 2022

Charity

UTMD

$20.81K

UTMD at $92.48/share

Mar 11, 2021

Charity

UTMD

$62.21K

UTMD at $95.71/share

May 27, 2020

Sale

UTMD

$2.47K

UTMD at $82.36/share

May 12, 2020

Charity

Compensation History

See how much did Paul O. Richins make over time.

In terms of compensation, Paul O. Richins had a varied income during his tenure. In 2018, his final year, he earned a total of $41,529, which included a salary of $39,827 and about $1,702 in other benefits. This was a significant drop from 2017, where he made $146,730 including a bonus of $24,292. His compensation reflects the company's strategy to tie pay to performance metrics like sales and profit margins, showing a focus on long-term shareholder value. The compensation structure directly correlated with the company's performance, emphasizing an intent to balance employee salaries with company success. This relationship likely motivated employees, including Richins, to maintain a focus on overall profitability.

Year

2018

Total Compensation

$41.53K

Salary

$39.83K

Board Justification

The compensation philosophy aims to align the financial interests of senior management with those of stockholders, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No bonus was awarded in 2018 as Mr. Richins retired on April 2, 2018.

Other

$1.70K

Board Justification

Other compensation includes 401(k) matching contributions and reimbursements under UTMD’s pet insurance plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2018 as there were no stock grants made to Mr. Richins in that year.

Performance Metrics

The performance metrics include financial goals such as net sales, gross profit margin, operating margin, EBITDA, after-tax profits, return on equity, and earnings per share.

Other Utah Medical Products CEOs

Here are other CEOs of Utah Medical Products

Brian L. Koopman

CEO of Utah Medical Products

April 2018 - Present