Washington H. Soul Pattinson Management

Management criteria checks 2/4

Washington H. Soul Pattinson's CEO is Todd Barlow, appointed in Jan 2015, has a tenure of 9.83 years. total yearly compensation is A$7.29M, comprised of 22.6% salary and 77.4% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth A$14.25M. The average tenure of the management team and the board of directors is 2.6 years and 4.3 years respectively.

Key information

Todd Barlow

Chief executive officer

AU$7.3m

Total compensation

CEO salary percentage	22.6%
CEO tenure	9.8yrs
CEO ownership	0.1%
Management average tenure	2.6yrs
Board average tenure	4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Todd Barlow's remuneration changed compared to Washington H. Soul Pattinson's earnings?
Date	Total Compensation	Salary	Company Earnings
Jul 31 2024	AU$7m	AU$2m	AU$499m
Jan 31 2024	n/a	n/a	AU$540m
Oct 31 2023	n/a	n/a	AU$620m
Jul 31 2023	AU$6m	AU$2m	AU$700m
Apr 30 2023	n/a	n/a	AU$887m
Jan 31 2023	n/a	n/a	AU$1b
Oct 31 2022	n/a	n/a	AU$498m
Jul 31 2022	AU$4m	AU$2m	-AU$77m
Jan 31 2022	n/a	n/a	-AU$549m
Oct 31 2021	n/a	n/a	-AU$171m
Jul 31 2021	AU$3m	AU$1m	AU$208m
Apr 30 2021	n/a	n/a	AU$622m
Jan 31 2021	n/a	n/a	AU$971m
Oct 31 2020	n/a	n/a	AU$962m
Jul 31 2020	AU$4m	AU$1m	AU$953m
Jan 31 2020	n/a	n/a	AU$120m
Oct 31 2019	n/a	n/a	AU$184m
Jul 31 2019	AU$3m	AU$1m	AU$248m
Apr 30 2019	n/a	n/a	AU$290m
Jan 31 2019	n/a	n/a	AU$333m
Oct 31 2018	n/a	n/a	AU$319m
Jul 31 2018	AU$3m	AU$1m	AU$305m

Compensation vs Market: Todd's total compensation ($USD4.73M) is above average for companies of similar size in the Australian market ($USD2.59M).

Compensation vs Earnings: Todd's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Todd Barlow (45 yo)

9.8yrs

Tenure

AU$7,286,594

Compensation

Mr. Todd James Barlow, B.Bus, LLB(Hons)(UTS), serves as an Independent Non Executive Director of Brickworks Limited from June 14,2024. He has been a Director of Milton Corporation Limited since October 202...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Todd Barlow	MD, CEO & Executive Director	9.8yrs	AU$7.29m	0.11% A$ 14.3m
David Grbin	CFO & Company Secretary	6.6yrs	AU$2.46m	0.015% A$ 1.8m
Jaki Virtue	Chief Operating Officer	1.3yrs	no data	no data
Brendan O'Dea	Chief Investment Officer	3.1yrs	no data	no data
Dean Price	Managing Director of Credit & Emerging Companies	no data	no data	no data
Courtney Howe	Head of Corporate Affairs	2.1yrs	no data	no data
David Scammell	Managing Director of Private Equity & Advisory	no data	no data	no data
Pamela Longstaff	Company Secretary	1.3yrs	no data	no data

2.6yrs

Average Tenure

Experienced Management: SOL's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Todd Barlow	MD, CEO & Executive Director	9.1yrs	AU$7.29m	0.11% A$ 14.3m
David Grbin	CFO & Company Secretary	3.1yrs	AU$2.46m	0.015% A$ 1.8m
Michael Hawker	Lead Independent Director	12.8yrs	AU$248.13k	0.0096% A$ 1.2m
Tiffany Fuller	Non-Executive Independent Director	6.9yrs	AU$240.33k	0.00049% A$ 62.2k
Robert Millner	Chairman of the Board	40.8yrs	AU$441.90k	4.21% A$ 535.1m
David Baxby	Independent Director	1.8yrs	AU$198.72k	0.0038% A$ 484.0k
Joanne Pollard	Non-Executive Independent Director	2.7yrs	AU$216.92k	0.00016% A$ 20.3k
Josephine Sukkar	Non-Executive Independent Director	4.3yrs	AU$215.36k	0.0045% A$ 574.2k
Bruce MacDiarmid	Independent Non-Executive Director	less than a year	no data	0.00077% A$ 97.8k

4.3yrs

Average Tenure

59yo

Average Age

Experienced Board: SOL's board of directors are considered experienced (4.3 years average tenure).

Washington H. Soul Pattinson Management

Management criteria checks 2/4

Key information

Recent management updates

Independent Director recently bought AU$482k worth of stock

Chairman of the Board recently bought AU$6.9m worth of stock

Washington H. Soul Pattinson and Company Limited, Annual General Meeting, Nov 22, 2024

Non-Executive Independent Director recently bought AU$501k worth of stock

Chairman of the Board recently bought AU$13m worth of stock

Less than half of directors are independent

Recent updates

Independent Director recently bought AU$482k worth of stock

Upcoming dividend of AU$0.55 per share

Chairman of the Board recently bought AU$6.9m worth of stock

Full year 2024 earnings released: EPS: AU$1.56 (vs AU$2.19 in FY 2023)

Washington H. Soul Pattinson and Company Limited Declares Fully Franked Final Dividend for the Fiscal Year 2024, Payable on 8 November 2024

Washington H. Soul Pattinson and Company Limited, Annual General Meeting, Nov 22, 2024

Washington H. Soul Pattinson and Company Limited to Report First Half, 2025 Results on Mar 20, 2025

Washington H. Soul Pattinson and Company Limited to Report Fiscal Year 2024 Results on Sep 25, 2024

Washington H. Soul Pattinson and Company Limited has filed a Follow-on Equity Offering in the amount of AUD 224.999986 million.

Washington H. Soul Pattinson and Company Limited has filed a Follow-on Equity Offering in the amount of AUD 224.999986 million.

Non-Executive Independent Director recently bought AU$501k worth of stock

New minor risk - Dividend sustainability

Upcoming dividend of AU$0.40 per share

Chairman of the Board recently bought AU$13m worth of stock

Final dividend increased to AU$0.40

Washington H. Soul Pattinson and Company Limited to Report First Half, 2024 Results on Mar 21, 2024

New major risk - Revenue and earnings growth

Upcoming dividend of AU$0.51 per share at 2.5% yield

Telstra Group Limited (ASX:TLS) agreed to acquire Versent Pty Ltd from Washington H. Soul Pattinson and Company Limited, founders, employees and investors for approximately AUD 260 million.

Washington H. Soul Pattinson and Company Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended July 31, 2023, Payment Date of December 12, 2023

Full year 2023 earnings released: EPS: AU$2.19 (vs AU$0.26 loss in FY 2022)

Upcoming dividend of AU$0.36 per share at 2.3% yield

Less than half of directors are independent

Washington H. Soul Pattinson and Company Limited Appoints David Andrew Baxby as Director, Effective from 1 February 2023

Upcoming dividend of AU$0.58 per share

Full year 2022 earnings released: AU$0.26 loss per share (vs AU$1.05 profit in FY 2021)

Washington H. Soul Pattinson and Company Limited Announces Fully Franked Special Dividend, Payable on December 12, 2022

Non-Executive Director recently bought AU$1.9m worth of stock

Chairman of the Board recently bought AU$2.7m worth of stock

Full year 2022 earnings released: AU$0.26 loss per share (vs AU$1.14 profit in FY 2021)

Washington H. Soul Pattinson and Company Limited, Annual General Meeting, Dec 09, 2022

Aeris Resources Limited (ASX:AIS) completed the acquisition of Round Oak Minerals Pty Limited from Washington H. Soul Pattinson and Company Limited (ASX:SOL).

Washington H. Soul Pattinson and Company Limited (ASX:SOL) acquired remaining stake in Ampcontrol Pty Ltd. from other investors including Peter Cockbain on June 1, 2022.

Less than half of directors are independent

Upcoming dividend of AU$0.29 per share

Non-Executive Independent Director recently bought AU$268k worth of stock

Wesfarmers Limited (ASX:WES) completed the acquisition of Australian Pharmaceutical Industries Limited (ASX:API) from Washington H. Soul Pattinson and Company Limited (ASX:SOL) and others.

Less than half of directors are independent

Washington H. Soul Pattinson and Company Limited Appoints Joe Pollard as Non-Executive Director, Effective 1 March 2022

Upcoming dividend of AU$0.36 per share

Full year 2021 earnings released: EPS AU$1.14 (vs AU$3.98 in FY 2020)

Washington H. Soul Pattinson and Company Limited (ASX:SOL) completed the acquisition of Milton Corporation Limited (ASX:MLT).

Full year 2021 earnings released: EPS AU$1.14 (vs AU$3.98 in FY 2020)

Washington H. Soul Pattinson and Company Limited (ASX:SOL) entered into a Scheme Implementation Agreement to acquire Milton Corporation Limited (ASX:MLT).

Upcoming dividend of AU$0.26 per share

First half 2021 earnings released: EPS AU$0.29 (vs AU$0.21 in 1H 2020)

New 90-day high: AU$30.83

Non-Executive Independent Director recently sold AU$425k worth of stock

New 90-day high: AU$29.62

MD, CEO & Executive Director recently bought AU$3.0m worth of stock

New 90-day high: AU$26.87

Independent Chairman of the Board recently bought AU$744k worth of stock

Independent Chairman of the Board recently bought AU$519k worth of stock

Independent Chairman of the Board recently bought AU$1.3m worth of stock

New 90-day high: AU$24.78

Independent Chairman of the Board recently bought AU$1.1m worth of stock

Full year earnings released - EPS AU$3.98

Washington H. Soul Pattinson and Company Limited Advises That Mr. Ian Bloodworth Resigning as Company Secretary

New 90-day high: AU$21.52

Washington H. Soul Pattinson and Company Limited to Report Fiscal Year 2020 Results on Sep 24, 2020

New 90-day high - AU$20.84

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure