W. Timothy Yaggi is a notable figure in the operations field, with a solid educational background that includes an A.B. from Princeton University and an MBA from Michigan State University. He joined Tempur Sealy International in 2013 as Chief Operating...

W. Timothy Yaggi is a notable figure in the operations field, with a solid educational background that includes an A.B. from Princeton University and an MBA from Michigan State University. He joined Tempur Sealy International in 2013 as Chief Operating Officer and stepped up to interim Chief Executive Officer in May 2015. Yaggi's career spans over 25 years in operational leadership, including significant roles at Masco Corporation and Whirlpool Corporation. Despite stepping down in early 2016, his time at Tempur Sealy included receiving a significant retention bonus of $1 million when he was appointed CEO. His performance at the company has resulted in substantial vested stock options, reflecting the growth and direction he helped shape. Interestingly, he actively traded stock options around this time, with notable fluctuations in his personal investments between $420K and $1.21M over several months, indicating his confidence in the company’s potential. Yaggi's experience and actions highlight a strong commitment to driving success in competitive environments.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Tempur Sealy International CEOs

T

W. Timothy Yaggi

Ex-CEO of Tempur Sealy International

Education

AB from Princeton University; MBA from Michigan State University.

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

CEO of Tempur Sealy International for

0 years 8 months (May 2015 - Jan 2016)

Previous Experience

Group President of the North America Builder Group at Masco Corporation; Executive Vice President, Market Operations, North America at Whirlpool Corporation.

Rivals

Competitors/colleagues of W. Timothy Yaggi

Holdings

See how much did W. Timothy Yaggi make over time.

W. Timothy Yaggi displayed a keen interest in Tempur Sealy International's stock throughout his tenure. His insider trading reflected a dynamic approach to investing, with trades ranging significantly over the months. For instance, in late 2019, he sold shares accumulating...

W. Timothy Yaggi displayed a keen interest in Tempur Sealy International's stock throughout his tenure. His insider trading reflected a dynamic approach to investing, with trades ranging significantly over the months. For instance, in late 2019, he sold shares accumulating from $420.53K to $478.21K, showcasing confidence in the stock's performance. Early 2020 saw fluctuations, eventually peaking over $1M in value as he offloaded his holdings. This period illustrates not only the stock's increasing value but also Yaggi's strategic moves as an executive positioned within the company. His holdings peaked during mid-2021, where he capitalized on the rising stock price, demonstrating his understanding of market trends and the health of Tempur Sealy's business. By the time he left the company, his final trades were valued around $1.13M.

No data yet.

Insider Trading

See recent insider trades of W. Timothy Yaggi.

No insider trades found for this CEO.

Compensation History

See how much did W. Timothy Yaggi make over time.

During his time as CEO, W. Timothy Yaggi's compensation varied significantly year over year. In 2015, his total compensation amounted to $3.49M, boosted mainly by a substantial stock vesting of about $1.27M, which showcased his role's alignment with company performance. The following year, his package included a base salary of $183k and a notable retention bonus of $1M, bringing his total compensation for 2016 to around $4.02M. This sharp increase in compensation mirrored significant responsibilities at Tempur Sealy during a transitional phase in company leadership. Yaggi's compensation structure was crafted to not only reward his performance but also to incentivize retention during a crucial time for the company, where he played a key role in operational management and execution of strategies that fueled growth.

Year

2016

Total Compensation

$4.02M

Salary

$183.12K

Board Justification

The compensation philosophy aims to attract, motivate, and retain management talent, rewarding strong performance and successful execution of business strategies, with a significant portion of compensation tied to performance metrics.

Bonus

$1.00M

Board Justification

Retention bonus awarded in connection with the termination of the previous CEO and the commencement of the search for a new CEO, paid in June 2016.

Other

$933.20K

Board Justification

Includes cash severance, health and welfare continuation, and other benefits.

Restricted Stock

$1.90M(8.9K RSU)

Board Justification

Received 35,587 RSUs, reduced to 8,897 shares to reflect partial year of service in 2016, subject to original performance conditions and vesting schedule.

Performance Metrics

The performance metrics for 2016 included achieving specific annual, long-term, and strategic goals.

Other Tempur Sealy International CEOs

Here are other CEOs of Tempur Sealy International

Mark A. Sarvary

Ex-CEO of Tempur Sealy International

August 2008 - May 2015

David Montgomery

Ex-CEO of Tempur Sealy International

January 2016 - January 2020