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Eagle Bulk Shipping Management
Management criteria checks 3/4
Eagle Bulk Shipping's CEO is Gary Vogel, appointed in Sep 2015, has a tenure of 8.58 years. total yearly compensation is $2.85M, comprised of 24.4% salary and 75.6% bonuses, including company stock and options. directly owns 1.27% of the company’s shares, worth €8.09M. The average tenure of the management team and the board of directors is 8.4 years and 9.4 years respectively.
Key information
Gary Vogel
Chief executive officer
US$2.8m
Total compensation
| CEO salary percentage | 24.39% |
| CEO tenure | 8.6yrs |
| CEO ownership | 1.3% |
| Management average tenure | 8.4yrs |
| Board average tenure | 9.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$695k | US$23m |
| Sep 30 2023 | n/a | n/a | US$39m |
| Jun 30 2023 | n/a | n/a | US$122m |
| Mar 31 2023 | n/a | n/a | US$198m |
| Dec 31 2022 | US$7m | US$695k | US$248m |
| Sep 30 2022 | n/a | n/a | US$312m |
| Jun 30 2022 | n/a | n/a | US$313m |
| Mar 31 2022 | n/a | n/a | US$228m |
| Dec 31 2021 | US$4m | US$678k | US$185m |
| Sep 30 2021 | n/a | n/a | US$98m |
| Jun 30 2021 | n/a | n/a | US$8m |
| Mar 31 2021 | n/a | n/a | -US$22m |
| Dec 31 2020 | US$2m | US$675k | -US$35m |
| Sep 30 2020 | n/a | n/a | -US$46m |
| Jun 30 2020 | n/a | n/a | -US$40m |
| Mar 31 2020 | n/a | n/a | -US$25m |
| Dec 31 2019 | US$3m | US$675k | -US$22m |
| Sep 30 2019 | n/a | n/a | -US$4m |
| Jun 30 2019 | n/a | n/a | US$3m |
| Mar 31 2019 | n/a | n/a | US$13m |
| Dec 31 2018 | US$4m | US$675k | US$13m |
| Sep 30 2018 | n/a | n/a | -US$10m |
| Jun 30 2018 | n/a | n/a | -US$23m |
| Mar 31 2018 | n/a | n/a | -US$33m |
| Dec 31 2017 | US$4m | US$675k | -US$44m |
Compensation vs Market: Gary's total compensation ($USD2.85M) is above average for companies of similar size in the German market ($USD1.30M).
Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.
CEO
Gary Vogel (57 yo)
Mr. Gary S. Vogel serves as the President and Chief Executive Officer at Eagle Bulk Shipco LLC. He has been Chief Executive Officer and Director at Eagle Bulk Shipping Inc. since September 1, 2015. Mr. Vog...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.6yrs | US$2.85m | 1.27% € 8.1m | |
| CFO & Secretary | 1yr | US$1.54m | 0.091% € 583.4k | |
| General Counsel | 8.3yrs | no data | no data | |
| Chief Commercial Officer | 8.5yrs | no data | no data | |
| Director of Fleet Performance | no data | no data | no data |
Experienced Management: E1B1's management team is seasoned and experienced (8.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.6yrs | US$2.85m | 1.27% € 8.1m | |
| Independent Director | 1.3yrs | US$71.46k | 0.017% € 106.3k | |
| Independent Chairman | 9.4yrs | US$254.47k | 0.34% € 2.1m | |
| Independent Director | 9.4yrs | US$175.39k | 0.069% € 442.8k | |
| Independent Director | 9.4yrs | US$165.39k | 0.069% € 442.8k | |
| Independent Director | 9.4yrs | US$170.39k | 0.069% € 442.8k |
Experienced Board: E1B1's board of directors are considered experienced (9.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/09 01:08 |
| End of Day Share Price | 2024/04/09 00:00 |
| Earnings | 2023/12/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Eagle Bulk Shipping Inc. is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Fratt | Alliance Global Partners |
| Liam Burke | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |