Timothy G. Wallace, former CEO of Community Healthcare Trust Incorporated, was a key figure in the healthcare real estate sector. Born in 1967, he held a Bachelor's degree in Business Administration. Under his leadership, the company saw significant growth. In...

Timothy G. Wallace, former CEO of Community Healthcare Trust Incorporated, was a key figure in the healthcare real estate sector. Born in 1967, he held a Bachelor's degree in Business Administration. Under his leadership, the company saw significant growth. In 2023, his total compensation reached approximately $24.8 million, largely due to the full vesting of restricted stock upon his passing. This included about $14.4 million just from vested stock, highlighting how he aligned his pay with the company’s performance over time. Wallace's compensation strategy emphasized long-term value creation, focusing on metrics that promote growth and shareholder returns. He took a medical leave in early 2023, leading to David H. Dupuy stepping in as interim CEO. Wallace’s role was marked by multiple amendments to his employment agreement, each aimed at increasing his base salary over the years, showing the board's focus on retaining talent. His tenure at CHCT, which began in 2016 and lasted until his medical leave in 2023, was pivotal in shaping the company's strategic direction in the healthcare investment landscape.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Community Healthcare Trust CEOs

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Timothy G. Wallace

Founder and Ex-CEO of Community Healthcare Trust

Education

Bachelor's degree in Business Administration.

Field of Expertise

Healthcare & Life Sciences - Healthcare

Sector of Economy

Real Estate

Born

January 1, 1967 - 58 years ago

CEO of Community Healthcare Trust for

6 years 3 months (Nov 2016 - Feb 2023)

Previous Experience

President and Chief Executive Officer of Community Healthcare Trust Incorporated since its inception.

Rivals

Competitors/colleagues of Timothy G. Wallace

Holdings

See how much did Timothy G. Wallace make over time.

During his time at Community Healthcare Trust, Timothy G. Wallace's holdings in the company significantly reflected his commitment. His wealth peaked in 2023, when approximately 394,223 shares of restricted stock vested, valuing over $14.4 million. Prior to this, his compensation...

During his time at Community Healthcare Trust, Timothy G. Wallace's holdings in the company significantly reflected his commitment. His wealth peaked in 2023, when approximately 394,223 shares of restricted stock vested, valuing over $14.4 million. Prior to this, his compensation package included substantial amounts of restricted stock that were tied to company performance metrics, ensuring that his interests were closely aligned with shareholders. Over the years, it was clear that his holdings fluctuated based on company performance and stock grants. For example, before his death, he had approximately $23 million in restricted stock alone, showcasing how his wealth was effectively tied to the company’s success.

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Insider Trading

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No insider trades found for this CEO.

Compensation History

See how much did Timothy G. Wallace make over time.

Timothy G. Wallace’s compensation package illustrates a strong alignment with performance. In 2023, he earned around $24.8 million, a steep rise due to the vesting of restricted stock upon his passing. His base salary steadily increased over the years, from about $300,000 in 2016 to $863,295 in 2023. Notably, he did not receive cash bonuses; instead, his bonuses were structured as restricted stock grants, emphasizing long-term performance. In prior years, his compensation included stock vesting and bonuses based on specific performance metrics related to financial growth, assuring that his pay reflected the company’s ongoing success and health in the market.

Year

2023

Total Compensation

$38.23M

Salary

$863.30K

Board Justification

The compensation philosophy aligns with long-term performance and shareholder interests, with a significant portion of compensation tied to stock performance and retention strategies.

Bonus

$0.00

Board Justification

No cash bonus was paid; all compensation was taken in restricted stock.

Other

$22.91M

Board Justification

Other compensation includes the full vesting of his restricted shares upon his death totaling approximately $22.9 million.

Restricted Stock

$14.45M(394.22K restricted stock)

Board Justification

394,223 shares of restricted stock vested upon the passing of Timothy G. Wallace on March 3, 2023.

Performance Metrics

The performance metrics include the achievement of specific company performance goals, with a focus on long-term growth and shareholder returns.

Other Community Healthcare Trust CEOs

Here are other CEOs of Community Healthcare Trust

David H. Dupuy

CEO of Community Healthcare Trust

March 2023 - Present