Steven Goldman, born in 1964, has been with Star Group, L.P. since 2004 and has a solid background in operations. He stepped into the role of President and CEO on October 1, 2013, after serving as the Executive Vice President...

Steven Goldman, born in 1964, has been with Star Group, L.P. since 2004 and has a solid background in operations. He stepped into the role of President and CEO on October 1, 2013, after serving as the Executive Vice President and Chief Operating Officer. Goldman has played a significant role in the company’s direction, especially in expanding its presence beyond home heating oil to propane distribution. Notably, his steady rise in compensation reflects the company's growth and his impact, with his total pay reaching over $1.1 million in 2017. His journey also highlights changes in the company’s compensation structure, ensuring it aligns with performance metrics like adjusted EBITDA. Goldman made headlines for his consistent insider trading activity, with trades averaging around $400,000 per month from late 2019 into 2020, pointing to a significant investment confidence in the company. Under his leadership, Star Group has undertaken various acquisitions, adding thousands of customers and pushing for better operational efficiencies. His experience combined with strategic movements in stock trading showcases both a deep understanding of the business and a commitment to its future.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Star Group, L.P. CEOs

S

Steven Goldman

Ex-CEO of Star Group, L.P.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1964 - 61 years ago

CEO of Star Group, L.P. for

5 years 2 months (Oct 2013 - Dec 2018)

Previous Experience

Executive Vice President and Chief Operating Officer of the Partnership since 2013.

Rivals

Competitors/colleagues of Steven Goldman

Holdings

See how much did Steven Goldman make over time.

Steven Goldman's trading activities reveal a strong confidence in Star Group's performance. Over the years, he conducted numerous insider trades, particularly visible through 2019 and 2020 when he consistently traded shares valued around $400,000 monthly. This trend signifies his belief...

Steven Goldman's trading activities reveal a strong confidence in Star Group's performance. Over the years, he conducted numerous insider trades, particularly visible through 2019 and 2020 when he consistently traded shares valued around $400,000 monthly. This trend signifies his belief in the company’s prospects. In the span of these months, his trading peaked at about $421,000 in April 2021, hinting at a robust period of confidence during that time. Observing his trading history, it’s evident he has maintained a significant investment stake in Star Group, underscoring his commitment to the company. The fluctuations in his trading values indicate ongoing engagement with the company’s performance and personal investment strategies, reinforcing that he has a substantial vested interest in the firm’s success.

Total Stock Sold

$19.52K

SGU

$19.52K

4,000 SGU shares

What if they kept their stock?

If Steven Goldman didn't sell their stock, today they would have:
Extra SGU4,000 shares worth $32.00K.
This is 63.93% and $12.48K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Steven Goldman.

SGU

$28.13K

SGU at $9.38/share

Aug 16, 2018

Purchase

SGU

$100.41K

SGU at $9.47/share

Aug 14, 2018

Purchase

SGU

$19.26K

SGU at $8.75/share

May 12, 2016

Purchase

SGU

$7.29K

SGU at $6.07/share

May 21, 2014

Purchase

SGU

$11.20K

SGU at $5.60/share

Feb 10, 2014

Purchase

SGU

$35.85K

SGU at $4.78/share

Aug 19, 2013

Purchase

SGU

$19.38K

SGU at $4.85/share

May 31, 2013

Purchase

SGU

$13.10K

SGU at $4.37/share

Feb 13, 2012

Purchase

Compensation History

See how much did Steven Goldman make over time.

In terms of compensation, Steven Goldman has seen a notable trajectory since becoming CEO. His total compensation increased significantly, reaching approximately $1.1 million in 2017, primarily driven by a base salary of around $465,000. Interestingly, he has not received any bonuses or stock options in recent years, as the company had no stock grants for executives during those fiscal periods. Goldman’s compensation structure is aligned with the company's performance. The compensation philosophy allows for profit-sharing allocations based on the Partnership’s earnings, reflecting the direct connection between individual performance and company-wide success. Over the years, it’s clear that while his salary has grown, the lack of variable compensation highlights a focus on steady operational performance without relying solely on bonuses or stock options.

Year

2018

Total Compensation

$627.57K

Salary

$465.00K

Board Justification

The compensation philosophy aims to attract and retain highly qualified executives while aligning compensation with company performance and peer benchmarking.

Bonus

$0.00

Board Justification

No bonus was awarded for the fiscal year 2018.

Other

$162.57K

Board Justification

Other compensation includes contributions to retirement plans and other benefits.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2018.

Performance Metrics

Performance metrics include financial and non-financial achievements, with a focus on improving unitholder value.

Other Star Group, L.P. CEOs

Here are other CEOs of Star Group, L.P.

Daniel P. Donovan

Ex-CEO of Star Group, L.P.

May 2007 - September 2013

Daniel P. Donovan

Ex-CEO of Star Group, L.P.

December 2018 - March 2019