In 2022, Timothy J. FitzGerald earned $9.84M in total compensation at Middleby, including $975.00K salary, $1.94M bonus and $6.91M in stock. Most recently acquired 15,449 shares in May 2024. Currently holds stock worth $44.15M. Has donated $7.10M in stock to charitable causes. 6+ years at the helm of Middleby.
Compensation History
Annual executive compensation data for Timothy J. FitzGerald, including salary, bonuses, and stock awards.
Year
2022
Total Compensation
$9.84M
Salary
$975.00K
Bonus
$1.94M
Other
$16.95K
Salary
$975.00KBoard Justification
The compensation program is designed to attract and retain executive talent, link executive compensation with financial and operating performance, and align executive equity incentive compensation with stockholder interests.
Bonus
$1.94MBoard Justification
Annual performance-based cash compensation based on performance against goals for EBITDA$ and EBITDA% for fiscal year 2022.
Other Compensation
$16.95KBoard Justification
Includes a $1,375 Company contribution to a health savings account, $2,070 in Company-paid life insurance premiums, and a 401(k) Company matching contribution of $13,500.
Restricted Stock
Board Justification
Performance-based PSUs that vested based on the achievement of Adjusted EPS Growth and Enterprise Value Growth (Less Net Debt) per share performance metrics for the two-year performance period ending December 31, 2022.
Performance Metrics
Performance metrics include EBITDA$ and EBITDA% for annual cash incentives, and Adjusted EPS Growth and Enterprise Value Growth (Less Net Debt) per share for long-term equity incentives.
Timothy J. FitzGerald
CEO of Middleby
Education
Bachelor's degree in Accounting from Northern Illinois University and an MBA from the University of Chicago
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Industrials
Born
January 1, 1970 - 55 years ago
CEO of Middleby for
6 years 9 months (Feb 2019 - Present)
Previous Experience
Vice President and Chief Financial Officer at Middleby Corporation since 2003
Other Middleby CEOs
Holdings
Track Timothy J. FitzGerald's stock holdings and portfolio value over time.
Total Stock Sold
$28.34M
$28.34M
590,132 MIDD shares
What if they kept their stock?
If Timothy J. FitzGerald didn't sell their stock, today they would have:
Extra MIDD590,132 shares worth $74.52M.
This is 162.98% and $46.18M more than what they got when they sold the stock.
Charitable Transactions
56,250 shares
MIDD
Recent Charitable Transactions
56,250 shares
MIDD
Jan 2, 2021
Charity
Insider Trading
Timothy J. FitzGerald's recent stock transactions, purchases, and sales filed with the SEC.
15,449 shares
MIDD
May 14, 2024
Received
45,268 shares
MIDD
Feb 26, 2024
Received
13,919 shares
MIDD
Aug 9, 2023
Received
43,332 shares
MIDD
Feb 27, 2023
Received
14,671 shares
MIDD
May 15, 2022
Received
$992.15K
MIDD at $132.29/share
May 12, 2022
Purchase
25,000 shares
MIDD
Feb 28, 2022
Received
11,666 shares
MIDD
Sep 7, 2021
Received
10,834 shares
MIDD
Dec 31, 2020
Received
56,250 shares
MIDD
Jan 2, 2021
Charity
Rivals
Compare Timothy J. FitzGerald with competitor CEOs and industry peers.
David M. Foulkes
CEO of Brunswick
2023 Compensation
Stock
$0.00
Salary
$1.16M
Bonus
$0.00
Other
$389.62K
Total Holdings
$490.27K
Richard J. Tobin
CEO of Dover
2023 Compensation
Stock
$3.25M
Salary
$1.29M
Bonus
$2.00M
Other
$207.19K
Total Holdings
$104.20K
Tod E. Carpenter
CEO of Donaldson Company
2022 Compensation
Stock
$0.00
Salary
$1.06M
Bonus
$1.28M
Other
$182.89K
Total Holdings
$850.82K
Nicholas I. Fink
CEO of Fortune Brands Innovations
2023 Compensation
Stock
$7.31M
Salary
$1.24M
Bonus
$1.97M
Other
$275.23K
Total Holdings
$795.03K
Robert W. Sharps
CEO of T Rowe Price Group
2023 Compensation
Stock
$0.00
Salary
$350.00K
Bonus
$7.30M
Other
$91.83K
Total Holdings
$178.80M
E. Scott Santi
CEO of Illinois Tool Works
2022 Compensation
Stock
$0.00
Salary
$1.40M
Bonus
$0.00
Other
$0.00
Total Holdings
$634.58M