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Robert G. Matheny has a solid background in engineering, holding both a B.S. and an M.S. degree in chemical engineering from respected institutions. He served as the CEO of Trex Company, a leader in outdoor living products, from 2005 to...

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Robert G. Matheny

Ex-CEO of Trex Company

Education

B.S. degree in chemical engineering from Villanova University and an M.S. degree in chemical engineering from the Polytechnic Institute of Brooklyn.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

January 1, 1939 - 86 years ago

CEO of Trex Company for

2 years 0 months (Aug 2005 - Aug 2007)

Previous Experience

Various positions with Mobil Chemical Products International, including Group Vice President, Vice President-Planning and Finance, Vice President of Mobil Chemical and General Manager of its Films Division Worldwide, President and General Manager of Mobil Plastics Europe.

Holdings

See how much did Robert G. Matheny make over time.

At one point, Robert G. Matheny owned approximately 1,187,229 shares of Trex Company, which represented around 7.9% of the company's stock. His holdings peaked during his tenure as CEO but fluctuated significantly, in line with company performance. In 2006, Matheny's...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Robert G. Matheny make over time.

In 2007, Robert G. Matheny's total compensation reached approximately $394,212. His salary was $194,611, accompanied by a $70,000 retention bonus, because Trex did not meet its performance metrics for bonuses that year. Notably, he did not receive any stock awards or grants during this time. While some executives often rely on stock options, Matheny's focus was on immediate financial incentives that tied his compensation closely to short-term performance. His compensation strategy reflected a straightforward alignment with the company's operational goals, seeking to retain key talent that could navigate the challenges faced by Trex in a changing market. During his earlier years, Matheny earned a much higher total compensation of about $868,150, showing the impact of performance-based measures on his pay structure over the years.

Year

2007

Total Compensation

$309.55K

Salary

$194.61K

Board Justification

The compensation philosophy is designed to attract, motivate, and retain key talent while aligning compensation with company performance and stockholder interests.

Bonus

$70.00K

Board Justification

Retention bonuses of $35,000 each awarded in January and April 2007, totaling $70,000.

Other

$44.94K

Board Justification

Includes 401(k) matching contributions, car allowance, and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2007 as no specific stock awards were mentioned for this CEO.

Performance Metrics

The performance metrics for 2007 were based on company earnings per share (EPS), with no cash bonuses paid due to not meeting the minimum performance threshold.

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