Sundar PichaiSundar Pichai earned $164M in 2023

Phillip J. Weber served as the CEO of Forestar Group Inc. from September 2015 until December 2017. He previously held senior roles within the company, including Executive Vice President of Water Resources and Real Estate. Weber has a solid background...

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Phillip J. Weber

Ex-CEO of Forestar Group

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1962 - 63 years ago

CEO of Forestar Group for

2 years 3 months (Sep 2015 - Dec 2017)

Previous Experience

Executive Vice President - Water Resources at Forestar Group Inc. from May 2013 to September 2015; various leadership positions at Fannie Mae from 1990 to 2009.

Holdings

See how much did Phillip J. Weber make over time.

Phillip J. Weber demonstrated a keen interest in his company's stock, amassing substantial holdings during his time as CEO. His insider trading activity showed significant fluctuations, with trades peaking in 2024; for example, in December 2024, he sold shares valued...

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Total Stock Sold

$707.78K

FOR

$707.78K

29,344 FOR shares

What if they kept their stock?

If Phillip J. Weber didn't sell their stock, today they would have:
Extra FOR29,344 shares worth $490.34K.
This is -30.72% and $217.44K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Phillip J. Weber.

FOR

8,660 shares

FOR

Oct 5, 2017

Received

FOR

24,416 shares

FOR

Mar 16, 2017

Received

FOR

$705.53K

FOR at $24.04/share

May 10, 2013

Sale

Compensation History

See how much did Phillip J. Weber make over time.

In 2017, Phillip J. Weber's total compensation was approximately $3.3 million. This included a base salary of $496,474, a term-specific bonus of $135,000, and substantial other compensation like a cash payment of $2.6 million upon his departure. This payout was connected to the company's merger, highlighting the significant executive benefits tied to corporate transitions. Prior to this, in 2016, Weber's compensation totaled about $1.3 million, mostly from a mix of salary, minor bonuses, and other benefits. His focus was not on stock options or large stock grants during his tenure, as all options were settled during the merger, pointing towards a preference for immediate cash compensation over equity awards.

Year

2017

Total Compensation

$3.28M

Salary

$496.47K

Board Justification

The compensation program is designed to attract, retain, and motivate key executives to maximize value realization, performance, and long-term stockholder value, aligning executive compensation with company performance and stockholder interests.

Bonus

$135.00K

Board Justification

The bonus includes a lump sum cash payment of $135,000, which is part of the annual incentive bonus for the year of termination.

Other

$2.64M

Board Justification

Includes a lump sum cash payment of $2,595,859, two years of continued medical/welfare benefits estimated at $35,966, and reimbursement for one year of outplacement assistance up to $150,000.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2017 as all outstanding stock options and stock awards were settled in connection with the Merger.

Performance Metrics

The performance metrics for determining the compensation included return on equity (ROE) and achievement of key initiatives.

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