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Thomas E. Richards served as the CEO of CDW Corporation from October 1, 2011, until December 31, 2018. He stepped into the role after being the President and Chief Operating Officer of the company. Richards has a solid educational background,...

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Thomas E. Richards

Ex-CEO of CDW

Education

Bachelor's degree from University of Pittsburgh; Master of Science in Management from Massachusetts Institute of Technology

Field of Expertise

Business & Management

Sector of Economy

Technology

Born

January 1, 1955 - 70 years ago

CEO of CDW for

7 years 2 months (Oct 2011 - Dec 2018)

Previous Experience

Executive Vice President and Chief Operating Officer at Qwest Communications; Chairman and Chief Executive Officer of Clear Communications Corporation

Holdings

See how much did Thomas E. Richards make over time.

Thomas E. Richards had significant insider trading activity during his tenure at CDW Corporation. His holdings peaked in September 2019 when their value soared to approximately $79 million. This was part of a notable upward trend where values consistently hovered...

Total Stock Sold

$103.33M

CDW

$103.33M

1,460,586 CDW shares

What if they kept their stock?

If Thomas E. Richards didn't sell their stock, today they would have:
Extra CDW1,460,586 shares worth $187.38M.
This is 81.34% and $84.05M more than what they got when they sold the stock.

Charitable Transactions

CDW

89,673 shares

CDW

Recent Charitable Transactions

CDW

30,043 shares

CDW

Dec 12, 2019

Charity

CDW

22,300 shares

CDW

Dec 12, 2018

Charity

CDW

14,830 shares

CDW

Dec 14, 2017

Charity

CDW

22,500 shares

CDW

Dec 8, 2014

Charity

Insider Trading

See recent insider trades of Thomas E. Richards.

NTRS

$33.99K

NTRS at $108.52/share

Sep 30, 2021

Received

NTRS

$35.27K

NTRS at $115.97/share

Jun 30, 2021

Received

NTRS

$64.84K

NTRS at $53.69/share

Apr 20, 2021

Received

NTRS

$39.74K

NTRS at $105.37/share

Mar 31, 2021

Received

NTRS

$39.37K

NTRS at $93.14/share

Dec 31, 2020

Received

NTRS

$38.83K

NTRS at $77.51/share

Sep 30, 2020

Received

NTRS

$37.13K

NTRS at $78.14/share

Jun 30, 2020

Received

NTRS

$64.03K

NTRS at $37.22/share

Apr 21, 2020

Received

NTRS

$32.10K

NTRS at $74.23/share

Mar 31, 2020

Received

NTRS

$32.34K

NTRS at $106.24/share

Dec 31, 2019

Received

Compensation History

See how much did Thomas E. Richards make over time.

In 2018, Thomas E. Richards' total compensation was $2.77 million. This comprised a base salary of almost $1 million, with a significant performance bonus of $2.77 million related to the company's achievements that year. The bonus payout percentage reached 143.3%, indicating that CDW exceeded its performance goals significantly. Over his time as CEO, Richards' compensation highlighted a strong link between his pay and the company's success, in line with their philosophy of performance-driven pay. The compensation details reveal the emphasis CDW placed on aligning executive compensation with measurable performance outcomes, showcasing a focus on long-term shareholder value. His prior years' compensation also reflected similar patterns, further demonstrating consistency in rewarding performance.

Year

2018

Total Compensation

$3.77M

Salary

$990.77K

Board Justification

The compensation philosophy focuses on aligning executive compensation with performance metrics that drive long-term shareholder value, with a significant portion of compensation being performance-based.

Bonus

$2.77M

Board Justification

The bonus was calculated based on the 2018 performance under the Senior Management Incentive Plan (SMIP), which had a payout percentage of 143.3% of the target due to the company's strong performance against established goals.

Other

$11.05K

Board Justification

Other compensation includes company-paid supplemental disability premiums and contributions to the 401(k) accounts.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2018 as the focus was on cash compensation and performance-based bonuses.

Performance Metrics

Performance metrics included adjusted EBITDA and market share growth, which were critical in determining the bonus payout for the year.