In 2011, Theodore M. Solso earned $12.00 in total compensation at Cummins, including $1.00 salary, $2.00 bonus and $4.00 in stock. Most recently sold 9,975 shares in Dec 2011. Currently holds stock worth $493.98K. Has donated $49.72M in stock to charitable causes. Led Cummins as CEO for 11 years.
Compensation History
Annual executive compensation data for Theodore M. Solso, including salary, bonuses, and stock awards.
Year
2011
Total Compensation
$12.00
Salary
$1.00
Bonus
$2.00
Other
$5.00
Salary
$1.00Board Justification
The compensation philosophy aligns with company performance and includes benchmarking against peers to ensure competitive pay and retention of key executives.
Bonus
$2.00Board Justification
The bonus is based on the company's performance metrics and is paid out annually based on the achievement of specific financial targets.
Other Compensation
$5.00Board Justification
Other compensation includes retirement contributions and other benefits provided to the CEO.
Restricted Stock
Board Justification
The vested stock consists of performance-based restricted stock units that were earned based on the company's performance in 2011.
Performance Metrics
The performance metrics for determining the CEO's compensation included revenue growth, operating income, and return on equity.
Theodore M. Solso
Ex-CEO of Cummins
Education
Bachelor's degree in Business and Management from Indiana University
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
August 20, 1948 - 77 years ago
CEO of Cummins for
11 years 11 months (Jan 2000 - Dec 2011)
Previous Experience
President of Cummins Inc.
Other Cummins CEOs
Holdings
Track Theodore M. Solso's stock holdings and portfolio value over time.
Total Stock Sold
$6.56M
$6.01M
50,000 CMI shares
$546.73K
20,388.9 ASH shares
What if they kept their stock?
If Theodore M. Solso didn't sell their stock, today they would have:
Extra CMI50,000 shares worth $25.54M and ASH20,388.9 shares worth $1.19M.
This is 307.67% and $20.17M more than what they got when they sold the stock.
Charitable Transactions
97,348 shares
CMI
Recent Charitable Transactions
Insider Trading
Theodore M. Solso's recent stock transactions, purchases, and sales filed with the SEC.
Rivals
Compare Theodore M. Solso with competitor CEOs and industry peers.
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Bonus
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Other
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Total Holdings
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