Sundar PichaiSundar Pichai earned $164M in 2023

Richard J. Hoffman has been the CEO of Stericycle, Inc. since May 2019, a company specializing in regulated medical waste management. Before joining Stericycle, he served as the Senior Vice President and Chief Accounting Officer, bringing significant experience from his...

Quick Links
S

Richard J. Hoffman

CEO of Stericycle

Sector of Economy

Industrials

Born

July 30, 2024 - 0 years ago

CEO of Stericycle for

8 years 1 month (May 2017 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Richard J. Hoffman

Holdings

See how much did Richard J. Hoffman make over time.

As CEO, Richard J. Hoffman's financial interests are closely tied to his role at Stericycle. Since joining the company in 2017, his compensation has seen significant yearly increases reflecting the company's performance and his impact. In 2023, his total compensation...

No data yet.

No data yet.

Insider Trading

See recent insider trades of Richard J. Hoffman.

No insider trades found for this CEO.

Compensation History

See how much did Richard J. Hoffman make over time.

Richard J. Hoffman, CEO of Stericycle, has a strategic compensation package that reflects performance alignment with shareholder interests. In 2023, he earned a total of $7.3 million, which included a salary of $1.08 million and bonuses based on strict performance metrics, including company earnings and cash flow. This performance-based approach resulted in a bonus of about $1.3 million, demonstrating a strong pay-for-performance structure. His vested stock options were worth over $2.8 million, allowing him to benefit directly from the company's success. This system encourages executives to focus on long-term growth and align their interests with those of shareholders, establishing a clear incentive structure that drives accountability and results for Stericycle.

Year

2023

Total Compensation

$5.22M

Salary

$1.08M

Board Justification

The compensation program aims to attract, motivate, and retain highly qualified executive officers while aligning their interests with those of the shareholders through performance-based incentives.

Bonus

$1.31M

Board Justification

Annual cash performance bonuses based on EBIT Metric, Free Cash Flow Metric, and Safety Metrics, with a final payout of 94% of target for 2023.

Other

$3.00K

Board Justification

401(k) matching contribution for the year 2023.

Restricted Stock

$2.84M(65.25K RSU)

Board Justification

Time-based RSUs that vested during the fiscal year 2023, calculated based on the closing price of the stock on the vesting date.

Performance Metrics

Performance metrics include EBIT, Free Cash Flow, and safety metrics related to severe vehicle incidents and TRIR frequency.