In 2022, Peter G. Watson earned $937.01K in total compensation at Greif, Inc., including $897.51K salary and $25.00K bonus. Led Greif, Inc. as CEO for 6 years.
Compensation History
Annual executive compensation data for Peter G. Watson, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$937.01K
Salary
$897.51K
Bonus
$25.00K
Other
$14.51K
Salary
$897.51KBoard Justification
The Compensation Committee’s compensation philosophy and objectives are designed to align our executive compensation with achieving business and financial goals that drive long-term stockholder value. To achieve this “pay for performance” philosophy, the Compensation Committee has the following key objectives: Attract, recruit and hire talented and outcome driven executives on a local, national or global basis as needed and appropriately incentivize and reward our current executive officers. Offer short-term and long-term incentive bonus plans that motivate and incentivize our executive officers by linking compensation to the achievement of targeted financial, business and individual performance goals. Emphasize at-risk components of an executive compensation program to motivate and incentivize our executive officers to drive stockholder value and align their interests with the interest of our stockholders.
Bonus
$25.00KBoard Justification
Mr. Sathyanarayanan's discretionary cash bonus amount was related to additional responsibilities assisting with the CEO transition process.
Other Compensation
$14.51KBoard Justification
401(k) plan contributions, premiums paid for life insurance and health insurance, and the value of annual wellness physicals.
Restricted Stock
Board Justification
There is no information on vested stock for Peter G. Watson in the provided text.
Performance Metrics
The STIP financial performance goals were based upon the metrics of operating profit before special items (“OPBSI”) and operating working capital (“OWC”), subject to such adjustments as the Compensation Committee determines to be necessary to accurately reflect the OPBSI and OWC of the Company as of the award date. The OWC metric is measured as a percentage of revenues and is calculated by averaging the number calculated as a trailing twelve-month average for each of the previous twelve months. The OPBSI and OWC metrics are weighted 80% and 20%, respectively.
Peter G. Watson
Ex-CEO of Greif, Inc.
Field of Expertise
Business & Management
CEO of Greif, Inc. for
6 years 1 month (Dec 2015 - Feb 2022)
Previous Experience
Senior Vice President, Group President of Global Industrial Packaging
Holdings
Track Peter G. Watson's stock holdings and portfolio value over time.
Insider Trading
Peter G. Watson's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
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