Sundar PichaiSundar Pichai earned $164M in 2023

Sardar Biglari, born on July 29, 1978, has been at the helm of Biglari Holdings Inc. since 2008. Under his leadership, the company has focused on long-term growth and shareholder value, steering clear of traditional compensation structures like stock grants...

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Sardar Biglari

CEO of Biglari Holdings Inc.

Education

Bachelor's degree in Economics from Trinity University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

January 30, 1978 - 47 years ago

CEO of Biglari Holdings Inc. for

16 years 9 months (Aug 2008 - Present)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Sardar Biglari

Holdings

See how much did Sardar Biglari make over time.

Sardar Biglari has significant holdings in Biglari Holdings Inc., primarily through Class B shares. As of the latest data, he beneficially owns approximately 1,327,854 Class B shares. His investment strategy is interesting as it reflects a long-term focus. At one...

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Sardar Biglari make over time.

In 2023, Sardar Biglari’s total compensation reached approximately $8.17 million, dominated by his $900,000 salary and about $7.27 million in performance-based incentives. Notably, no bonuses or stock options were awarded as part of his compensation package, which is quite unusual. This focus on performance-driven pay means if the company doesn’t perform well, neither does he. Through past years, his pay has reflected a commitment to long-term growth, but it's a stark contrast to many other CEOs who enjoy annual bonuses and stock options. For example, in 2013, he earned a $10 million bonus after hitting performance targets, while in other years, he received almost nothing extra, showing a stark high-low variability depending on business outcomes. His strategy is structured to reward resilience in company growth rather than the quick wins typically found in corporate America.

Year

2023

Total Compensation

$8.17M

Salary

$900.00K

Board Justification

The compensation philosophy is designed to align Mr. Biglari's compensation with the performance of the operating businesses, with a focus on long-term growth and shareholder value.

Bonus

$0.00

Board Justification

No bonus was awarded in 2023.

Other

$7.27M

Board Justification

This amount represents the incentive compensation based on the performance of the operating businesses, specifically tied to the growth in adjusted equity attributable to the businesses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were made in 2023.

Performance Metrics

The performance metrics for determining compensation are based on the growth in adjusted equity attributable to the operating businesses, with a hurdle rate of 6% above the previous high-water mark.

Other Biglari Holdings Inc. CEOs

Here are other CEOs of Biglari Holdings Inc.