Vicinity Motor Management

Management criteria checks 2/4

Vicinity Motor's CEO is William Trainer, appointed in Jan 2008, has a tenure of 16.33 years. total yearly compensation is $361.29K, comprised of 97.7% salary and 2.3% bonuses, including company stock and options. directly owns 3.53% of the company’s shares, worth CA$1.50M. The average tenure of the management team and the board of directors is 6.1 years and 8.6 years respectively.

Key information

William Trainer

Chief executive officer

US$361.3k

Total compensation

CEO salary percentage	97.7%
CEO tenure	16.3yrs
CEO ownership	3.5%
Management average tenure	6.1yrs
Board average tenure	8.6yrs

Recent management updates

Recent updates

The Grande West Transportation Group (CVE:BUS) Share Price Is Up 818% And Shareholders Are Delighted

Jan 27

CEO Compensation Analysis

How has William Trainer's remuneration changed compared to Vicinity Motor's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$361k	US$353k	-US$17m
Sep 30 2023	n/a	n/a	-US$11m
Jun 30 2023	n/a	n/a	-US$14m
Mar 31 2023	n/a	n/a	-US$17m
Dec 31 2022	US$355k	US$345k	-US$18m
Sep 30 2022	n/a	n/a	-US$19m
Jun 30 2022	n/a	n/a	-US$15m
Mar 31 2022	n/a	n/a	-US$12m
Dec 31 2021	US$1m	US$342k	-US$7m
Sep 30 2021	n/a	n/a	-US$3m
Jun 30 2021	n/a	n/a	US$59k
Mar 31 2021	n/a	n/a	-US$260k
Dec 31 2020	US$322k	US$322k	-US$3m
Sep 30 2020	n/a	n/a	-US$4m
Jun 30 2020	n/a	n/a	-US$5m
Mar 31 2020	n/a	n/a	-US$4m
Dec 31 2019	US$415k	US$225k	-US$4m
Sep 30 2019	n/a	n/a	-US$3m
Jun 30 2019	n/a	n/a	-US$2m
Mar 31 2019	n/a	n/a	-US$113k
Dec 31 2018	US$176k	US$176k	US$695k
Sep 30 2018	n/a	n/a	US$1m
Jun 30 2018	n/a	n/a	US$2m
Mar 31 2018	n/a	n/a	US$844k
Dec 31 2017	US$191k	US$191k	-US$331k

Compensation vs Market: William's total compensation ($USD361.29K) is above average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: William's compensation has increased whilst the company is unprofitable.

CEO

William Trainer (64 yo)

16.3yrs

Tenure

US$361,288

Compensation

Mr. William R. Trainer is Founder at Vicinity Motor Corp. (formerly known as Grande West Transportation Group Inc) since 2008. He had been the President of Vicinity Motor Corp. (formerly known as Grande We...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Trainer	Founder	16.3yrs	US$361.29k	3.53% $ 1.5m
Danial Buckle	Chief Financial Officer	6.1yrs	US$295.49k	0.22% $ 92.3k
John LaGourgue	VP of Corporate Development & Director	7.3yrs	US$268.31k	0.59% $ 248.7k
Brent Phillips	President	less than a year	no data	no data
Dan Courtney	Director of Investor Relations	8.3yrs	no data	no data
Yue Wang	Chief Engineer	no data	US$244.84k	no data
Keith Parker	Consultant	4.7yrs	US$10.22k	no data
Marion McGrath	Corporate Secretary	4.1yrs	no data	no data

6.1yrs

Average Tenure

58.5yo

Average Age

Experienced Management: VMC's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Trainer	Founder	11.4yrs	US$361.29k	3.53% $ 1.5m
John LaGourgue	VP of Corporate Development & Director	7.9yrs	US$268.31k	0.59% $ 248.7k
Randall Wall	Member of Advisory Board	10yrs	no data	no data
Christopher Strong	Independent Director	6yrs	US$150.00k	no data
James White	Independent Director	4.7yrs	US$120.00k	1.46% $ 620.6k
Andrew Imanse	Independent Director	8.6yrs	US$120.00k	0.20% $ 84.8k
Joseph Miller	Independent Chairman of the Board	11.4yrs	US$180.00k	4.18% $ 1.8m

8.6yrs

Average Tenure

64yo

Average Age

Experienced Board: VMC's board of directors are considered experienced (8.6 years average tenure).

Vicinity Motor Management

Management criteria checks 2/4

Key information

Recent management updates

Vicinity Motor Corp. Appoints Brent Phillips as President

Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023

Insufficient new directors

Insufficient new directors

Independent Director recently bought CA$58k worth of stock

Vicinity Motor Corp., Annual General Meeting, Dec 22, 2022

Recent updates

Vicinity Motor Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule

Vicinity Motor Corp. Appoints Brent Phillips as President

Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)

Why We're Not Concerned About Vicinity Motor Corp.'s (CVE:VMC) Share Price

Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024

Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)

Vicinity Motor Corp. to Report Q3, 2023 Results on Nov 13, 2023

Vicinity Motor Corp. Receives NASDAQ Notification Letter Regarding Minimum Bid Price Deficiency

Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023

Vicinity Motor Corp. to Exhibit Electric Vehicle Lineup At the Fully Charged Live Event in Vancouver from September 8-10, 2023

Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.10 loss in 2Q 2022)

Vicinity Motor Corp. to Report Q2, 2023 Results on Aug 14, 2023

Is Vicinity Motor (CVE:VMC) Using Too Much Debt?

First quarter 2023 earnings released: US$0.054 loss per share (vs US$0.082 loss in 1Q 2022)

Vicinity Motor Corp. to Report Q1, 2023 Results on May 15, 2023

Full year 2022 earnings released: US$0.45 loss per share (vs US$0.24 loss in FY 2021)

Insufficient new directors

Vicinity Motor Corp. to Report Q3, 2022 Results on Nov 15, 2022

Insufficient new directors

Independent Director recently bought CA$58k worth of stock

Vicinity Motor Corp., Annual General Meeting, Dec 22, 2022

Insufficient new directors

Independent Director recently bought CA$59k worth of stock

Second quarter 2022 earnings released: US$0.10 loss per share (vs US$0.012 loss in 2Q 2021)

Vicinity Motor Corp. to Report Q2, 2022 Results on Aug 15, 2022

Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?

Vicinity Motor Corp. Revises Earnings Guidance for the Fiscal Year 2022

First quarter 2022 earnings released: US$0.082 loss per share (vs US$0.057 profit in 1Q 2021)

Vicinity Motor Corp. to Report Q1, 2022 Results on May 16, 2022

Independent Director recently bought CA$229k worth of stock

Full year 2021 earnings released: US$0.24 loss per share (vs US$0.13 loss in FY 2020)

Vicinity Motor Corp. has completed a Composite Units Offering in the amount of $12.000002 million.

Vicinity Motor Corp. has completed a Composite Units Offering in the amount of $12.000002 million.

Vicinity Motor Corp. Announces the Receipt of an Initial CAD 2,570,000 Million Grant from Sustainable Development Technology Canada

Independent Director recently bought CA$85k worth of stock

Third quarter 2021 earnings released: CA$0.16 loss per share (vs CA$0.052 loss in 3Q 2020)

Vicinity Motor Corp. announced that it expects to receive CAD 9.85 million in funding

Independent Director recently bought CA$102k worth of stock

Second quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.031 loss in 2Q 2020)

Is Vicinity Motor (CVE:VMC) A Risky Investment?

Independent Director recently bought CA$59k worth of stock

Vicinity Motor Corp. Announces Product Specifications for the New VMC 1200

Vicinity Motor Receives $300,000 in Washington State Department of Commerce Economic Development Strategic Reserve Fund (SRF) Grant

First quarter 2021 earnings released: EPS CA$0.071 (vs CA$0.069 loss in 1Q 2020)

Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt

Full year 2020 earnings released: CA$0.17 loss per share (vs CA$0.21 loss in FY 2019)

Vicinity Motor Corp. Provides Operating and Financial Guidance the First Quarter of 2021 and Operating Guidance the First Half of 2021

Grande West Transportation Group Inc Announces Executive Changes

VP of Corporate Development & Director exercised options to buy CA$417k worth of stock.

State of New Mexico Selects Grande West Transportation Group Inc.'s Vicinity Buses

Grande West Transportation Group Inc. Enters into Strategic U.S. Distribution Agreement with ABC Companies

The Grande West Transportation Group (CVE:BUS) Share Price Is Up 818% And Shareholders Are Delighted

VP of Corporate Development & Director exercised options to buy CA$630k worth of stock.

New 90-day high: CA$2.55

Grande West Receives Vicinity Orders from Eastern Canadian Operators

Kontrol Energy Enters into Distribution Agreement with Grande West to Offer BioCloudTM Technology Covid-19 Detection Systems for Vicinity Buses

Grande West Transportation Group Inc Receives U.S. Order for 5 Vicinity Lightningtm Electric Vehicles and Begins Series Production for 2021 Deliveries

Third quarter 2020 earnings released: CA$0.017 loss per share

Grande West Transportation Group Inc Receives an Order from Keolis Canada for over $5,000,000

New 90-day high: CA$1.54

Grande West Transportation Group Inc to Report Q3, 2020 Results on Nov 23, 2020

Grande West Transportation Group Inc announced that it expects to receive CAD 6.5 million in funding

New 90-day high: CA$1.29

Chief Operating Officer recently bought CA$55k worth of stock

New 90-day high: CA$0.87

Grande West Receives Waterloo Contract, Delivers 34 Vicinity CNG

New 90-day high: CA$0.60

First half earnings released

New 90-day high - CA$0.39