Thomas W. Hill served as the President and CEO of Summit Materials from March 2015 until his departure in September 2020. During his tenure, he played a significant role in navigating the company through periods of growth and transformation, including...

Thomas W. Hill served as the President and CEO of Summit Materials from March 2015 until his departure in September 2020. During his tenure, he played a significant role in navigating the company through periods of growth and transformation, including the company's IPO in 2015. Hill's compensation fluctuated notably, with records showing a peak total compensation of around $6.8 million in 2019, but saw a drop to about $2.5 million in 2020 where performance goals were not met, reflecting the company’s challenging year. He was not awarded any cash bonuses in 2020 due to performance shortfalls and faced challenges in meeting stock vesting targets as well. Hill's insider trading activity showed his significant ownership and confidence in Summit's direction, reaching a high of $11.71 million in holdings by December 2021. Interestingly, he has a background as an operator and also served as an interim COO during a transition period in 2017. Hill transitioned to a consultant role post-termination, ensuring his insights and knowledge were still valued by the company. His strategic focus remained on company performance metrics like EBITDA and safety, and he emphasized long-term shareholder value throughout his time as CEO.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Summit Materials CEOs

S

Thomas W. Hill

Ex-CEO of Summit Materials

Sector of Economy

Basic Materials

Born

July 30, 2024 - 0 years ago

CEO of Summit Materials for

5 years 5 months (Mar 2015 - Sep 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Thomas W. Hill

Holdings

See how much did Thomas W. Hill make over time.

Thomas W. Hill had a notable investment in Summit Materials, with his holdings peaking at approximately $11.71 million in December 2021. His holdings significantly fluctuated from around $6.08 million in September 2019 to $11.69 million by December 2021. This highlighted...

Thomas W. Hill had a notable investment in Summit Materials, with his holdings peaking at approximately $11.71 million in December 2021. His holdings significantly fluctuated from around $6.08 million in September 2019 to $11.69 million by December 2021. This highlighted his confidence in the company, despite the challenging years where his compensation dropped significantly due to unmet performance targets. In 2020, his stock value faced pressures as overall company performance affected his vested stock status. By mid-2023, his holdings stabilized around $11.27 million, reflecting a consistent investment focus in the company he helmed during a significant growth phase.

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Total Stock Sold

$41.19M

SUM

$41.19M

1,553,471.568 SUM shares

What if they kept their stock?

If Thomas W. Hill didn't sell their stock, today they would have:
Extra SUM1,553,471.568 shares worth $21.34M.
This is -48.2% and $19.86M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas W. Hill.

KNF

1,905 shares

KNF

May 15, 2024

Received

SUM

20,829 shares

SUM

Feb 28, 2020

Received

SUM

$507.81K

SUM at $16.25/share

Feb 15, 2019

Purchase

SUM

$326.19K

SUM at $26.10/share

Jul 18, 2018

Sale

SUM

$328.44K

SUM at $26.28/share

Jul 2, 2018

Sale

SUM

$345.25K

SUM at $27.62/share

Jun 19, 2018

Sale

SUM

$342.63K

SUM at $27.41/share

Jun 6, 2018

Sale

SUM

$362.31K

SUM at $28.99/share

May 21, 2018

Sale

SUM

$369.19K

SUM at $29.54/share

May 9, 2018

Sale

SUM

$356.94K

SUM at $28.56/share

Apr 26, 2018

Sale

Compensation History

See how much did Thomas W. Hill make over time.

During his time as CEO of Summit Materials, Thomas W. Hill's total compensation varied greatly, peaking at about $6.8 million in 2019. His salary remained steady at $900,000 for multiple years, but his bonus and stock awards fluctuated significantly. In 2020, he didn’t receive any cash bonuses because the company didn’t meet performance metrics, resulting in a steep drop to about $2.5 million for that year. Hill also faced challenges in stock vesting, having no stock awards vested that year, which reflects the ups and downs of executive compensation tied closely to company performance. His pay package was crafted to align with long-term shareholder value, showing that executive pay can be quite risky and sometimes far from stable.

Year

2020

Total Compensation

$2.56M

Salary

$900.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and shareholder interests, focusing on long-term value creation.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for 2020 as the performance metrics were not met.

Other

$1.66M

Board Justification

This includes the cash severance payment and other benefits provided under the Transition Agreement after Mr. Hill's resignation as CEO.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2020 as the performance units resulted in a payout equal to 0% of target due to below-threshold performance metrics.

Performance Metrics

Performance metrics for 2020 included Adjusted EBITDA, Operating Cash Flows, Safety, and Personal Objectives.

Other Summit Materials CEOs

Here are other CEOs of Summit Materials

Anne P. Noonan

CEO of Summit Materials

September 2020 - Present