Lincoln Electric Holdings Management

Management criteria checks 3/4

Lincoln Electric Holdings' CEO is Steve Hedlund, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $5.33M, comprised of 15% salary and 85% bonuses, including company stock and options. directly owns 0.09% of the company’s shares, worth €11.39M. The average tenure of the management team and the board of directors is 3.7 years and 6.2 years respectively.

Key information

Steve Hedlund

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage	15.0%
CEO tenure	less than a year
CEO ownership	0.09%
Management average tenure	3.7yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Steve Hedlund's remuneration changed compared to Lincoln Electric Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$547m
Dec 31 2023	US$5m	US$799k	US$545m
Sep 30 2023	n/a	n/a	US$498m
Jun 30 2023	n/a	n/a	US$478m
Mar 31 2023	n/a	n/a	US$468m
Dec 31 2022	US$3m	US$565k	US$472m
Sep 30 2022	n/a	n/a	US$438m
Jun 30 2022	n/a	n/a	US$360m
Mar 31 2022	n/a	n/a	US$328m
Dec 31 2021	US$2m	US$440k	US$277m
Sep 30 2021	n/a	n/a	US$267m
Jun 30 2021	n/a	n/a	US$294m
Mar 31 2021	n/a	n/a	US$225m
Dec 31 2020	US$2m	US$428k	US$206m
Sep 30 2020	n/a	n/a	US$205m
Jun 30 2020	n/a	n/a	US$219m
Mar 31 2020	n/a	n/a	US$277m
Dec 31 2019	US$2m	US$425k	US$293m
Sep 30 2019	n/a	n/a	US$316m
Jun 30 2019	n/a	n/a	US$314m
Mar 31 2019	n/a	n/a	US$298m
Dec 31 2018	US$2m	US$395k	US$287m
Sep 30 2018	n/a	n/a	US$224m
Jun 30 2018	n/a	n/a	US$260m
Mar 31 2018	n/a	n/a	US$252m
Dec 31 2017	US$2m	US$370k	US$248m

Compensation vs Market: Steve's total compensation ($USD5.33M) is about average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.

CEO

Steve Hedlund (56 yo)

less than a year

Tenure

US$5,333,638

Compensation

Mr. Steven B. Hedlund, also known as Steve, serves as Chief Operating Officer at Lincoln Electric Holdings, Inc since May 09, 2022 until 2023 and served as Executive Vice President until January 01, 2023 a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Mapes	Executive Chairman	14.2yrs	US$10.61m	0.19% $ 23.8m
Steven Hedlund	President	less than a year	US$5.33m	0.090% $ 11.4m
Gabriel Bruno	Executive VP	4yrs	US$2.99m	0.047% $ 5.9m
Jennifer Ansberry	Executive VP	7yrs	US$2.14m	0.035% $ 4.4m
Michele Kuhrt	Executive VP & Chief Transformation Officer	no data	US$1.88m	0.033% $ 4.2m
Lisa Dietrich	Executive VP & Chief Information Officer	1.9yrs	no data	0.0030% $ 382.6k
Amanda Butler	Vice President of Investor Relations & Communications	11.1yrs	no data	no data
Susan Edwards	Senior VP & Chief Human Resources Officer	no data	no data	no data
Michael Whitehead	Senior VP and President of Global Automation	8.5yrs	no data	0.022% $ 2.7m
Douglas Lance	Senior VP & President of North America – Americas Welding	16.3yrs	no data	no data
Geoffrey Allman	Senior Vice President of Acquisition Integration	10.3yrs	no data	0.018% $ 2.3m
Peter Pletcher	Senior VP & President of Americas Welding	3.3yrs	no data	0.011% $ 1.3m

3.7yrs

Average Tenure

54.5yo

Average Age

Experienced Management: LNE's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Mapes	Executive Chairman	14.2yrs	US$10.61m	0.19% $ 23.8m
Steven Hedlund	President	no data	US$5.33m	0.090% $ 11.4m
Kathryn Lincoln	Independent Director	29.3yrs	US$240.15k	0.048% $ 6.1m
Curtis Espeland	Lead Independent Director	12.2yrs	US$268.00k	0.029% $ 3.7m
Kellye Walker	Independent Director	3.5yrs	US$247.50k	0.0042% $ 527.4k
Phillip Mason	Independent Director	10.8yrs	US$255.00k	0.034% $ 4.2m
Brian Chambers	Independent Director	2.2yrs	US$240.01k	0.0016% $ 205.2k
Michael Hilton	Independent Director	8.8yrs	US$255.17k	0.011% $ 1.4m
Marc Howze	Independent Director	less than a year	US$192.46k	no data
Benny Patel	Independent Director	6.2yrs	US$229.98k	0.0020% $ 246.7k
Patrick Goris	Independent Director	5.8yrs	US$263.44k	0.0010% $ 130.9k
Bonnie Fetch	Independent Director	less than a year	US$248.33k	no data

6.2yrs

Average Tenure

57yo

Average Age

Experienced Board: LNE's board of directors are considered experienced (6.2 years average tenure).

Lincoln Electric Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Lincoln Electric Holdings, Inc. Joins Susan C. Edwards to Serve as Senior Vice President, Chief Human Resources Officer, Effective April 8, 2024

Executive Chairman recently sold €36m worth of stock

Executive Chairman recently sold €4.1m worth of stock

Executive Chairman recently sold €2.2m worth of stock

Lincoln Electric Holdings, Inc., Annual General Meeting, Apr 19, 2024

Lincoln Electric Holdings, Inc. Appoints J. Ashley Hall as Senior Vice President, Global Procurement

Recent updates

Lincoln Electric Holdings, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2024

First quarter 2024 earnings released: EPS: US$2.17 (vs US$2.12 in 1Q 2023)

Lincoln Electric Holdings, Inc. Declares Quarterly Cash Dividend, Payable on July 15, 2024

Lincoln Electric Holdings, Inc. Joins Susan C. Edwards to Serve as Senior Vice President, Chief Human Resources Officer, Effective April 8, 2024

Lincoln Electric Holdings, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) acquired Redviking Group, LLC.

Upcoming dividend of US$0.71 per share

Executive Chairman recently sold €36m worth of stock

Executive Chairman recently sold €4.1m worth of stock

Fourth quarter dividend of US$0.71 announced

New minor risk - Insider selling

Executive Chairman recently sold €2.2m worth of stock

Lincoln Electric Holdings, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2024

Full year 2023 earnings released: EPS: US$9.51 (vs US$8.14 in FY 2022)

Lincoln Electric Holdings, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Lincoln Electric Holdings, Inc., Annual General Meeting, Apr 19, 2024

Upcoming dividend of US$0.71 per share at 1.3% yield

Lincoln Electric Launches Velion DC Fast Charger for Electric Vehicles

Lincoln Electric Holdings, Inc. Appoints J. Ashley Hall as Senior Vice President, Global Procurement

Third quarter 2023 earnings released: EPS: US$2.26 (vs US$1.89 in 3Q 2022)

Lincoln Electric Holdings, Inc. Elects Marc A. Howze to Its Board of Director, Member of the Compensation and Executive Development Committee and the Finance Committee

Lincoln Electric Holdings, Inc. Announces Quarterly Dividend Increase, Payable on January 12, 2024

Now 20% undervalued after recent price drop

Lincoln Electric Holdings, Inc. to Report Q3, 2023 Results on Oct 27, 2023

Upcoming dividend of US$0.64 per share at 1.4% yield

Now 20% undervalued after recent price drop

Lincoln Electric Holdings, Inc. Announces Management Changes

Second quarter 2023 earnings released: EPS: US$2.39 (vs US$2.20 in 2Q 2022)

Lincoln Electric Holdings, Inc. Appoints Bonnie J. Fetch to Its Board of Directors and Member of the Audit Committee and the Finance Committee

Upcoming dividend of US$0.64 per share at 1.3% yield

Independent Director recently sold €1.1m worth of stock

First quarter 2023 earnings released: EPS: US$2.12 (vs US$2.15 in 1Q 2022)

Upcoming dividend of US$0.64 per share at 1.6% yield

Chairman recently sold €2.4m worth of stock

Full year 2022 earnings released: EPS: US$8.14 (vs US$4.66 in FY 2021)

Lincoln Electric Holdings, Inc. Declares Quarterly Cash Dividend, Payable on April 14, 2023

Lincoln Electric Holdings, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Lincoln Electric Holdings, Inc., Annual General Meeting, Apr 19, 2023

Upcoming dividend of US$0.64 per share

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) completed the acquisition of Fori Automation, Inc. on December 1, 2022.

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) completed the acquisition of Fori Automation, Inc. on December 1, 2022.

Third quarter 2022 earnings released: EPS: US$1.89 (vs US$0.54 in 3Q 2021)

Lincoln Electric Holdings, Inc. Approves Increase in the Quarterly Cash Dividend, Payable on January 13, 2023

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) entered into a definitive agreement to acquire Fori Automation, Inc. for $427 million.

Lincoln Electric Holdings, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.56 per share

Lincoln Electric Holdings, Inc. Announces Peter M. Pletcher as Senior Vice President, President International

Second quarter 2022 earnings released: EPS: US$2.20 (vs US$1.62 in 2Q 2021)

Lincoln Electric Holdings, Inc., Declares Quarterly Dividend, Payable on October 14, 2022

Lincoln Electric Holdings, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.56 per share

Lincoln Electric Holdings, Inc. Promotes Steven B. Hedlund to Chief Operating Officer

First quarter 2022 earnings released: EPS: US$2.15 (vs US$1.24 in 1Q 2021)

Lincoln Electric Holdings, Inc., Declares Quarterly Dividend, Payable on July 15, 2022

Lincoln Electric Holdings, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.56 per share

Chairman recently sold €1.1m worth of stock

Lincoln Electric Holdings, Inc. (NasdaqGS:LECO) acquired Kestra Universal Soldas Industria Comercio Importacao E Exportacao Ltda.

Lincoln Electric Holdings, Inc. Announces Retirement of Stephen G. Hanks from the Board

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.56 per share

Third quarter 2021 earnings released: EPS US$0.54 (vs US$0.98 in 3Q 2020)

Executive VP & President of Harris Products Group David Nangle has left the company

Upcoming dividend of US$0.51 per share

Independent Director recently sold €812k worth of stock

Insufficient new directors

Second quarter 2021 earnings released: EPS US$1.62 (vs US$0.46 in 2Q 2020)

Lincoln Electric Holdings, Inc.(NasdaqGS:LECO) dropped from Russell 3000E Value Index

Upcoming dividend of US$0.51 per share