In 2023, Richard W. Smirl earned $2.75M in total compensation at Virtus Investment Partners, including $425.00K salary, $1.93M bonus and $398.11K in stock. Most recently acquired 2,162 shares in Mar 2024. Currently holds stock worth $2.09M. 4+ years at the helm of Virtus Investment Partners.
Compensation History
Annual executive compensation data for Richard W. Smirl, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$2.75M
Salary
$425.00K
Bonus
$1.93M
Other
$0.00
Salary
$425.00KBoard Justification
The compensation philosophy is designed to attract and retain critical executive leadership, link compensation to Company, functional and individual achievements, and align executive compensation with the interests of shareholders.
Bonus
$1.93MBoard Justification
The annual incentive payout for the CEO was determined based on the Company's performance against pre-established financial, operational, and strategic objectives, with a maximum funding level set at 7% of operating income, as adjusted, prior to incentive compensation.
Other Compensation
$0.00Board Justification
Restricted Stock
Board Justification
The number of shares acquired upon vesting of stock awards during 2023.
Performance Metrics
The performance metrics for 2023 included operating margin, growth in operating income, total net flow rate, and EPS, diluted, as adjusted.
Richard W. Smirl
CEO of Virtus Investment Partners
Education
Bachelor's degree in Business Administration
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1967 - 58 years ago
CEO of Virtus Investment Partners for
4 years 7 months (May 2021 - Present)
Previous Experience
Chief Operating Officer for Russell Investments
Other Virtus Investment Partners CEOs
Holdings
Track Richard W. Smirl's stock holdings and portfolio value over time.
Insider Trading
Richard W. Smirl's recent stock transactions, purchases, and sales filed with the SEC.
2,162 shares
VRTS
Mar 15, 2024
Received
2,923 shares
VRTS
Mar 15, 2023
Received
2,811 shares
VRTS
May 3, 2022
Received
2,292 shares
VRTS
Mar 15, 2022
Received
1,823 shares
VRTS
May 3, 2021
Received
Rivals
Compare Richard W. Smirl with competitor CEOs and industry peers.
Ali Dibadj
CEO of Janus Henderson Group
2023 Compensation
Stock
$1.90M
Salary
$725.00K
Bonus
$3.08M
Other
$355.56K
Total Holdings
$606.89K
Laurence D. Fink
Founder and CEO of Blackrock
2024 Compensation
Stock
$15.76M
Salary
$1.50M
Bonus
$10.57M
Other
$550.94K
Total Holdings
$662.28M
Jim Cracchiolo
CEO of Ameriprise Financial
2023 Compensation
Stock
$0.00
Salary
$1.25M
Bonus
$8.38M
Other
$0.00
Total Holdings
$56.18M
John S. Weinberg
CEO of Evercore
2023 Compensation
Stock
$0.00
Salary
$500.00K
Bonus
$3.13M
Other
$0.00
Total Holdings
$159.01M
Gregory E. Johnson
CEO of Franklin Resources
2023 Compensation
Stock
$2.57M
Salary
$600.00K
Bonus
$1.90M
Other
$0.00
Total Holdings
$8.87M