R. David Hoover served as the CEO of Ball Corporation from January 2001 until January 2011. During his tenure, he played a crucial role in the company's growth, leading Ball through a significant increase in revenue and earnings. He was...

R. David Hoover served as the CEO of Ball Corporation from January 2001 until January 2011. During his tenure, he played a crucial role in the company's growth, leading Ball through a significant increase in revenue and earnings. He was known for tying executive compensation to performance, emphasizing alignment with shareholder interests, which boosted the company's financial health. After his time as CEO, Hoover continued to have an impact as the Chairman of the Board until April 2013. His experience stretched over 44 years at Ball, holding various roles, including Vice Chairman and Chief Financial Officer. Hoover's trading patterns show confidence in his own stock, with transactions worth over $2 million in 2022 alone. Beyond the business, he serves on the boards of several other companies, sharing his expertise broadly. Hoover's lengthy career at Ball and his leadership during critical times make him a significant figure in the company and the wider industry.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ball Corporation CEOs

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R. David Hoover

Ex-CEO of Ball Corporation

Education

Not specified

Field of Expertise

Business & Management - Business Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1966 - 59 years ago

CEO of Ball Corporation for

6 years 0 months (Jan 2005 - Jan 2011)

Previous Experience

Various roles within Ball Corporation since 2005

Rivals

Competitors/colleagues of R. David Hoover

C

Timothy J. Donahue

CEO of Crown Holdings

2022 Compensation

Stock

$0.00

Salary

$1.32M

Bonus

$599.97K

Other

$21.17K

Total Holdings

$46.38M

Holdings

See how much did R. David Hoover make over time.

R. David Hoover has shown a strong commitment to his company through his stock transactions, with notable trades reaching up to $2.62 million worth of Ball Corporation shares in 2023. His holdings fluctuated significantly year-on-year, highlighting his confidence and vested...

R. David Hoover has shown a strong commitment to his company through his stock transactions, with notable trades reaching up to $2.62 million worth of Ball Corporation shares in 2023. His holdings fluctuated significantly year-on-year, highlighting his confidence and vested interest in the company's success. At one point, he held 2,103,665 shares, amounting to 1.5% of the company, which indicates substantial financial involvement. The patterns of his trades demonstrate a reliance on company performance; for instance, he sold off shares but also made sizable purchases, like the $2.57 million trade in January 2023. His wealth in Ball stock reflects not just personal financial strategy, but engagement in enhancing long-term shareholder value, making his trading behavior interesting to watch.

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Total Stock Sold

$200.09K

BALL

$200.09K

3,820 BALL shares

What if they kept their stock?

If R. David Hoover didn't sell their stock, today they would have:
Extra BALL3,820 shares worth $263.92K.
This is 31.9% and $63.83K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of R. David Hoover.

BALL

$200.21K

BALL at $52.41/share

Aug 23, 2023

Sale

Compensation History

See how much did R. David Hoover make over time.

In terms of compensation, R. David Hoover's package was closely linked to his performance. In 2011, he earned a total of $5.3 million, which included a base salary of $306,519 and a bonus of over $2.1 million due to exceeding performance targets. His vested stock awards also contributed significantly, totaling $4.8 million, showing how his pay was tied to the company’s success. Hoover's compensation structure represents the blend of cash and stock, incentivizing him to boost Ball Corporation's financial results actively. This alignment with performance is intended to ensure that as the company does well, so does he, a philosophy he embraced throughout his time at the helm of Ball Corporation.

Year

2011

Total Compensation

$7.75M

Salary

$306.52K

Board Justification

Ball Corporation's compensation philosophy emphasizes alignment of executive pay with performance, ensuring that a significant portion of compensation is tied to the company's financial success and shareholder returns.

Bonus

$2.18M

Board Justification

Annual EVA® Incentive Compensation Plan payout based on performance in 2011, resulting in a payout of 188% of target due to exceeding EVA® targets.

Other

$391.68K

Board Justification

Includes financial planning services, personal use of corporate aircraft, and other perquisites.

Restricted Stock

$4.88M(135.5K RSU)

Board Justification

135,500 shares of stock awards vested in 2011, reflecting the value of performance-contingent RSUs granted in prior years that met performance criteria.

Performance Metrics

The performance metrics for determining R. David Hoover's compensation included Economic Value Added (EVA®) performance, Return on Average Invested Capital (ROAIC), and Total Shareholder Return (TSR).

Other Ball Corporation CEOs

Here are other CEOs of Ball Corporation

John A. Hayes

Ex-CEO of Ball Corporation

January 2011 - April 2022