Mohawk Industries Management

Management criteria checks 3/4

Mohawk Industries' CEO is Jeff Lorberbaum, appointed in Jan 2001, has a tenure of 23.25 years. total yearly compensation is $4.43M, comprised of 31.3% salary and 68.7% bonuses, including company stock and options. directly owns 14.93% of the company’s shares, worth €1.03B. The average tenure of the management team and the board of directors is 3 years and 12.9 years respectively.

Key information

Jeff Lorberbaum

Chief executive officer

US$4.4m

Total compensation

CEO salary percentage	31.3%
CEO tenure	23.3yrs
CEO ownership	14.9%
Management average tenure	3yrs
Board average tenure	12.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Lorberbaum's remuneration changed compared to Mohawk Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 30 2024	n/a	n/a	-US$415m
Dec 31 2023	US$4m	US$1m	-US$440m
Sep 30 2023	n/a	n/a	-US$546m
Jul 01 2023	n/a	n/a	-US$319m
Apr 01 2023	n/a	n/a	-US$140m
Dec 31 2022	US$4m	US$1m	US$25m
Oct 01 2022	n/a	n/a	US$181m
Jul 02 2022	n/a	n/a	US$986m
Apr 02 2022	n/a	n/a	US$1b
Dec 31 2021	US$5m	US$1m	US$1b
Oct 02 2021	n/a	n/a	US$1b
Jul 03 2021	n/a	n/a	US$1b
Apr 03 2021	n/a	n/a	US$642m
Dec 31 2020	US$4m	US$1m	US$516m
Sep 26 2020	n/a	n/a	US$532m
Jun 27 2020	n/a	n/a	US$482m
Mar 28 2020	n/a	n/a	US$733m
Dec 31 2019	US$3m	US$1m	US$744m
Sep 28 2019	n/a	n/a	US$706m
Jun 29 2019	n/a	n/a	US$777m
Mar 30 2019	n/a	n/a	US$771m
Dec 31 2018	US$5m	US$1m	US$858m
Sep 29 2018	n/a	n/a	US$872m
Jun 30 2018	n/a	n/a	US$915m
Mar 31 2018	n/a	n/a	US$979m
Dec 31 2017	US$5m	US$1m	US$972m

Compensation vs Market: Jeff's total compensation ($USD4.43M) is about average for companies of similar size in the German market ($USD3.42M).

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

CEO

Jeff Lorberbaum (68 yo)

23.3yrs

Tenure

US$4,428,417

Compensation

Mr. Jeffrey S. Lorberbaum, also known as Jeff, has been the Chief Executive Officer of Mohawk Industries, Inc. since January 1, 2001. Mr. Lorberbaum is a co-owner of Helm Management Corporation and Cuddy H...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Lorberbaum	Chairman & CEO	23.3yrs	US$4.43m	14.93% $ 1.0b
William Wellborn	President	18.4yrs	US$6.69m	0.23% $ 16.2m
James Brunk	Chief Financial Officer	3yrs	US$1.87m	0.0042% $ 287.4k
Paul De Cock	President of Flooring North America Segment	5.4yrs	US$2.00m	0.050% $ 3.5m
William Harkins	Chief Accounting Officer & Corporate Controller	1.7yrs	no data	0.00044% $ 30.3k
Claudio Coni	Chief Information Officer	less than a year	no data	0.0020% $ 135.1k
Shailesh Bettadapur	VP of Investor Relations & Treasurer	14yrs	no data	no data
Rodney Patton	VP of Business Strategy	10.8yrs	no data	0.024% $ 1.7m
Clifford Suing	CFO of Global Ceramic Segment	1.7yrs	no data	no data
Malisa Maynard	Chief Sustainability Officer	less than a year	no data	0.00077% $ 53.1k
Wim Messiaen	President of Flooring Rest of the World	less than a year	no data	0.013% $ 863.6k

3.0yrs

Average Tenure

55yo

Average Age

Experienced Management: MWK's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Lorberbaum	Chairman & CEO	30.1yrs	US$4.43m	14.93% $ 1.0b
William Wellborn	President	22.1yrs	US$6.69m	0.23% $ 16.2m
Bruce Bruckmann	Independent Director	31.5yrs	US$277.17k	0.45% $ 31.3m
William Runge	Independent Director	9.8yrs	US$297.17k	0.015% $ 1.1m
John Engquist	Lead Independent Director	4.2yrs	US$277.17k	0.0074% $ 507.3k
Joseph Onorato	Independent Director	16.2yrs	US$189.75k	0.034% $ 2.4m
Jerry Burris	Independent Director	2.2yrs	US$277.17k	0.00087% $ 60.0k
Karen Smith Bogart	Independent Director	12.9yrs	US$292.17k	0.021% $ 1.4m
Bernard Thiers	Director	less than a year	US$2.01m	0.31% $ 21.7m

12.9yrs

Average Tenure

68yo

Average Age

Experienced Board: MWK's board of directors are seasoned and experienced ( 12.9 years average tenure).

Mohawk Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Mohawk Industries, Inc., Annual General Meeting, May 23, 2024

Chief Financial Officer recently sold €434k worth of stock

Mohawk Industries, Inc. Appoints Bernard P. Thiers as Director

Chairman & CEO recently sold €823k worth of stock

Chairman & CEO recently sold €2.0m worth of stock

Chairman & CEO recently sold €927k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$1.65 (vs US$1.26 in 1Q 2023)

Mohawk Industries, Inc., Annual General Meeting, May 23, 2024

Mohawk Industries, Inc. Announces Proposed Settlement

Chief Financial Officer recently sold €434k worth of stock

Mohawk Industries, Inc. announced that it has received $4.05 million in funding

Mohawk Industries, Inc. Appoints Bernard P. Thiers as Director

Full year 2023 earnings released: US$6.90 loss per share (vs US$0.40 profit in FY 2022)

Mohawk Industries, Inc. Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

Mohawk Industries, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Chairman & CEO recently sold €823k worth of stock

Chairman & CEO recently sold €2.0m worth of stock

Third quarter 2023 earnings released: US$11.94 loss per share (vs US$8.40 loss in 3Q 2022)

Mohawk Industries, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Mohawk Industries, Inc.(NYSE:MHK) dropped from FTSE All-World Index (USD)

Chairman & CEO recently sold €927k worth of stock

Second quarter 2023 earnings released: EPS: US$1.59 (vs US$4.41 in 2Q 2022)

Now 20% undervalued

Mohawk Industries, Inc. to Report Q2, 2023 Results on Jul 27, 2023

First quarter 2023 earnings released: EPS: US$1.26 (vs US$3.79 in 1Q 2022)

Chairman & CEO recently sold €414k worth of stock

Insufficient new directors

Chairman & CEO recently sold €580k worth of stock

Full year 2022 earnings released: EPS: US$0.40 (vs US$15.01 in FY 2021)

Mohawk Industries, Inc. Provides Litigation Update

Mohawk Industries, Inc. to Report Q4, 2022 Results on Feb 09, 2023

Chairman & CEO recently sold €980k worth of stock

Investor sentiment improved over the past week

Third quarter 2022 earnings released: US$8.40 loss per share (vs US$3.95 profit in 3Q 2021)

Mohawk Industries, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Insider recently sold €985k worth of stock

Second quarter 2022 earnings released: EPS: US$4.41 (vs US$4.84 in 2Q 2021)

Mohawk Industries, Inc. Announces Executive Changes

Mohawk Industries, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Investor sentiment deteriorated over the past week

Mohawk Industries, Inc. (NYSE:MHK) entered into an agreement to acquire Vitromex ceramic tile business of Grupo Industrial Saltillo (GIS) from Grupo Industrial Saltillo, S.A.B. de C.V. (BMV:GISSA A) for approximately $290 million.

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$3.79 (vs US$3.37 in 1Q 2021)

Mohawk Industries, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Mohawk Industries, Inc., Annual General Meeting, May 19, 2022

President recently bought €1.2m worth of stock

Mohawk Industries, Inc. Appoints Jerry W. Burris to the Board to Serve as Director in Class II

VP of Business Strategy recently sold €65k worth of stock

Mohawk Industries, Inc. (NYSE:MHK) announces an Equity Buyback for $500 million worth of its shares.

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

Third quarter 2021 earnings released: EPS US$3.95 (vs US$2.88 in 3Q 2020)

Third quarter 2021 earnings released: EPS US$3.95 (vs US$2.88 in 3Q 2020)

Chief Financial Officer recently sold €156k worth of stock

Second quarter 2021 earnings released: EPS US$4.84 (vs US$0.68 loss in 2Q 2020)

Independent Director has left the company

VP of Business Strategy recently sold €92k worth of stock

First quarter 2021 earnings released: EPS US$3.37 (vs US$1.55 in 1Q 2020)

Chief Financial Officer has left the company

Insider recently sold €779k worth of stock

Chief Financial Officer recently sold €581k worth of stock

Full year 2020 earnings released: EPS US$7.24 (vs US$10.34 in FY 2019)

Revenue beats expectations

Mohawk Industries Names James F. Brunk as Chief Financial Officer, Effective April 1, 2021

New 90-day high: €126

New 90-day high: €123

Mohawk Industries, Inc. to Report Q4, 2020 Results on Feb 11, 2021

New 90-day high: €114

Insider recently sold €132k worth of stock

Senior VP recently sold €225k worth of stock

Chairman & CEO recently sold €1.2m worth of stock

VP of Business Strategy recently sold €98k worth of stock

New 90-day high: €99.50

Mohawk Industries, Inc. to Report Q3, 2020 Results on Oct 29, 2020

Mohawk Industries, Inc. Announces Not Able to Provide Guidance for the Third Quarter of 2020

Insider recently sold €113.8k worth of stock