Stephen Orr served as the CEO of Gatos Silver, Inc. from June 2011 until his retirement in April 2022. With a Bachelor’s degree in Engineering and more than 40 years of experience in the mining industry, he has a strong...

Stephen Orr served as the CEO of Gatos Silver, Inc. from June 2011 until his retirement in April 2022. With a Bachelor’s degree in Engineering and more than 40 years of experience in the mining industry, he has a strong background in both operations and management. Before Gatos Silver, Orr led significant initiatives at notable companies like OceanaGold and Barrick Gold, where he oversaw the commissioning of new mines in New Zealand and managed operations across various continents. Under his leadership, Gatos Silver grew and navigated various market challenges. Interestingly, in 2020, Orr made substantial insider trades, with some months seeing over $2 million in transactions. His compensation varied greatly, with a high of about $1.3 million in 2020 down to only $191,450 in 2022, reflecting his transition into retirement. Orr's experience and decision-making during his tenure have left lasting impacts on the company.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Gatos Silver CEOs

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Stephen Orr

Ex-CEO of Gatos Silver

Education

Bachelor's Degree in Engineering

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Basic Materials

Born

January 1, 1964 - 61 years ago

CEO of Gatos Silver for

1 year 10 months (Jun 2020 - Apr 2022)

Previous Experience

Formerly served as Chief Operating Officer at a mining company

Rivals

Competitors/colleagues of Stephen Orr

Holdings

See how much did Stephen Orr make over time.

Stephen Orr's trading activity at Gatos Silver showed some significant fluctuations during his tenure. In October 2020, he executed insider trades worth over $1 million, with his activity peaking in December 2020 when he traded shares valued at $2.23 million....

Stephen Orr's trading activity at Gatos Silver showed some significant fluctuations during his tenure. In October 2020, he executed insider trades worth over $1 million, with his activity peaking in December 2020 when he traded shares valued at $2.23 million. From that point onward, his trading activity continued, but at lesser values, reaching around $1.06 million by the end of April 2022, shortly before he retired. After stepping down, he no longer holds a substantial stake in the company, highlighting a shift from an active trade strategy while he was still in his CEO role to a reduced financial footprint post-retirement. His peak trading numbers indicate a period of confidence in the company and its prospects under his leadership, whereas the post-retirement figures show a clear departure from that strategy.

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Charitable Transactions

GATO

66,548 shares

GATO

Recent Charitable Transactions

GATO

66,548 shares

GATO

Dec 31, 2020

Charity

Insider Trading

See recent insider trades of Stephen Orr.

GATO

$100.24K

GATO at $12.53/share

Aug 18, 2021

Purchase

GATO

66,548 shares

GATO

Dec 31, 2020

Charity

GATO

66,548 shares

GATO

Dec 31, 2020

Charity

GATO

$83.83K

GATO at $5.60/share

Oct 30, 2020

Received

Compensation History

See how much did Stephen Orr make over time.

In 2020, Stephen Orr earned a total compensation of $1,329,000, which included a base salary of $619,000 and a bonus of $710,000. This marked his highest earnings year during his tenure at Gatos Silver. By 2022, shortly before his retirement, his total compensation drastically reduced to $191,450 due to his transition out of the CEO role. Notably, he did not receive any additional bonuses, stock options, or other incentives in 2022 as the focus shifted towards succession planning. Over his time as CEO, Orr's pay was closely tied to company performance, which during high-performing years resulted in a significant bonus structure.

Year

2022

Total Compensation

$191.45K

Salary

$191.45K

Board Justification

The compensation philosophy for the CEO aligns with company performance and is reviewed annually by the Compensation and Nominating Committee.

Bonus

$0.00

Board Justification

Mr. Orr was not eligible for a bonus in 2022 as he retired on April 7, 2022.

Other

$0.00

Board Justification

Mr. Orr did not receive any other compensation in 2022 as he retired on April 7, 2022.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Orr did not have any stock that vested in 2022 as he retired before any awards could vest.

Performance Metrics

The performance metrics for Mr. Orr's compensation were based on the company's overall performance during his tenure until April 7, 2022.

Other Gatos Silver CEOs

Here are other CEOs of Gatos Silver

Dale Andres

CEO of Gatos Silver

April 2022 - Present