Harley-Davidson Management

Management criteria checks 3/4

Harley-Davidson's CEO is Jochen Zeitz, appointed in Feb 2020, has a tenure of 4.75 years. total yearly compensation is $11.95M, comprised of 16.3% salary and 83.7% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth $25.21M. The average tenure of the management team and the board of directors is 3 years and 7.8 years respectively.

Key information

Jochen Zeitz

Chief executive officer

US$12.0m

Total compensation

CEO salary percentage	16.3%
CEO tenure	4.8yrs
CEO ownership	0.6%
Management average tenure	3yrs
Board average tenure	7.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jochen Zeitz's remuneration changed compared to Harley-Davidson's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$598m
Jun 30 2024	n/a	n/a	US$678m
Mar 31 2024	n/a	n/a	US$637m
Dec 31 2023	US$12m	US$2m	US$707m
Sep 30 2023	n/a	n/a	US$723m
Jun 30 2023	n/a	n/a	US$785m
Mar 31 2023	n/a	n/a	US$823m
Dec 31 2022	US$43m	US$2m	US$741m
Sep 25 2022	n/a	n/a	US$721m
Jun 26 2022	n/a	n/a	US$623m
Mar 27 2022	n/a	n/a	US$613m
Dec 31 2021	US$18m	US$3m	US$650m
Sep 30 2021	n/a	n/a	US$532m
Jun 27 2021	n/a	n/a	US$489m
Mar 28 2021	n/a	n/a	US$191m
Dec 31 2020	US$10m	US$2m	US$1m
Sep 27 2020	n/a	n/a	US$111m
Jun 30 2020	n/a	n/a	US$78m
Mar 31 2020	n/a	n/a	US$365m
Dec 31 2019	US$250k	n/a	US$424m
Sep 29 2019	n/a	n/a	US$411m
Jun 30 2019	n/a	n/a	US$438m
Mar 31 2019	n/a	n/a	US$485m
Dec 31 2018	US$250k	n/a	US$531m
Sep 30 2018	n/a	n/a	US$539m
Jul 01 2018	n/a	n/a	US$494m
Apr 01 2018	n/a	n/a	US$510m
Dec 31 2017	US$250k	n/a	US$522m

Compensation vs Market: Jochen's total compensation ($USD11.95M) is above average for companies of similar size in the UK market ($USD2.63M).

Compensation vs Earnings: Jochen's compensation has been consistent with company performance over the past year.

CEO

Jochen Zeitz (61 yo)

4.8yrs

Tenure

US$11,953,280

Compensation

Mr. Jochen Zeitz has been the Chairman of Harley-Davidson, Inc. since February 2020 and has been its Director since August 6, 2007. He has been the President and Chief Executive Officer of Harley-Davidson,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jochen Zeitz	Chairman	4.8yrs	US$11.95m	0.60% $ 25.2m
Jonathan Root	Chief Financial Officer	1.4yrs	US$1.29m	0.023% $ 947.1k
Jagdish Krishnan	Chief Digital & Operations Officer	1.7yrs	US$1.70m	0.014% $ 575.6k
Paul Krause	Chief Legal Officer	5yrs	US$1.35m	0.015% $ 645.1k
David Viney	VP & Treasurer	no data	US$1.08m	no data
Mark Kornetzke	Chief Accounting Officer	15.5yrs	no data	0.0061% $ 256.4k
Shawn Collins	Director of Investor Relations	no data	no data	no data
George Prassas	Chief Communications Officer	less than a year	no data	no data
Theo Keetell	Vice President of Marketing	3yrs	no data	no data
Tori Termaat	Chief Human Resources Officer	3yrs	no data	0.0068% $ 284.0k
Ray Drea	Chief Stylist	no data	no data	no data
Sajeev Rajasekharan	Managing Director of Asia Emerging Markets & India	6.1yrs	no data	no data

3.0yrs

Average Tenure

49yo

Average Age

Experienced Management: 0QYY's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jochen Zeitz	Chairman	17.3yrs	US$11.95m	0.60% $ 25.2m
Norman Linebarger	Independent Presiding Director	16.3yrs	US$290.00k	0.019% $ 811.0k
Sara Levinson	Independent Director	28.8yrs	US$255.00k	0.0037% $ 152.9k
Troy Alstead	Independent Director	7.8yrs	US$285.00k	0.024% $ 1.0m
Maryrose Sylvester	Independent Director	8.3yrs	US$280.00k	0.014% $ 581.9k
Allan Golston	Independent Director	7.8yrs	US$280.00k	0.0017% $ 72.5k
James Farley	Independent Director	3.5yrs	US$260.00k	0.015% $ 607.8k
Rafeh Masood	Independent Director	2.3yrs	US$260.00k	0.0021% $ 86.7k
Jared Dourdeville	Independent Director	2.8yrs	no data	no data

7.8yrs

Average Tenure

61yo

Average Age

Experienced Board: 0QYY's board of directors are considered experienced (7.8 years average tenure).

Harley-Davidson Management

Management criteria checks 3/4

Key information

Recent management updates

Harley-Davidson, Inc., Annual General Meeting, May 16, 2024

Harley-Davidson, Inc. Appoints Jonathan Root as Chief Financial Officer

Insider recently sold US$112k worth of stock

Chairman recently bought US$1.0m worth of stock

Director recently bought US$50k worth of stock

Director recently bought US$50k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.92 (vs US$1.40 in 3Q 2023)

New major risk - Revenue and earnings growth

New minor risk - Dividend sustainability

Harley-Davidson, Inc. Provides Earnings Guidance for the Full Year 2024

Harley-Davidson, Inc. to Report Q3, 2024 Results on Oct 24, 2024

Second quarter dividend of US$0.17 announced

Harley-Davidson, Inc. Approves Cash Dividend for the Third Quarter of 2024, Payable on September 27, 2024

New major risk - Revenue and earnings growth

Harley-Davidson, Inc. (NYSE:HOG) announces an Equity Buyback for $1,000 million worth of its shares.

Harley-Davidson, Inc. (NYSE:HOG) announces an Equity Buyback for $1,000 million worth of its shares.

Harley-Davidson, Inc. to Report Q2, 2024 Results on Jul 25, 2024

First quarter dividend of US$0.17 announced

Harley-Davidson, Inc. Declares Dividend for the Second Quarter of 2024, Payable on June 21, 2024

First quarter 2024 earnings released: EPS: US$1.73 (vs US$2.08 in 1Q 2023)

Now 29% undervalued after recent price drop

Harley-Davidson, Inc., Annual General Meeting, May 16, 2024

Harley-Davidson, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Now 21% undervalued

Full year 2023 earnings released: EPS: US$4.96 (vs US$5.01 in FY 2022)

Fourth quarter dividend increased to US$0.17

Harley-Davidson, Inc. Approves Cash Dividend for the First Quarter of 2024, Payable on March 20, 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$4.96 (vs US$5.01 in FY 2022)

Harley-Davidson Unveils Four New 2024 Motorcycle Models

Harley-Davidson, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Harley-Davidson, Inc. Approves Cash Dividend for the Fourth Quarter of 2023, Payable on December 27, 2023

Harley-Davidson, Inc. Approves Cash Dividend for the Fourth Quarter of 2023, Payable on December 27, 2023

New major risk - Revenue and earnings growth

Harley-Davidson, Inc. Reaffirms Earnings Guidance for the Year 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$1.40 (vs US$1.79 in 3Q 2022)

Now 24% undervalued after recent price drop

Harley-Davidson, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Harley-Davidson, Inc. Declares Dividend for the Third Quarter of 2023, Payable on September 27, 2023

Harley-Davidson, Inc. Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$1.24 (vs US$1.47 in 2Q 2022)

Harley-Davidson, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Hero MotoCorp and Harley-Davidson Co-Developed Premium Motorcycle 'HARley-Davidson X440' Debuts in India

Harley-Davidson, Inc. Appoints Jonathan Root as Chief Financial Officer

Upcoming dividend of US$0.17 per share at 2.0% yield

Harley-Davidson, Inc. Approves Cash Dividend for the Second Quarter of 2023, Payable June 21, 2023

First quarter 2023 earnings released: EPS: US$2.08 (vs US$1.46 in 1Q 2022)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Harley-Davidson, Inc. Declares Cash Dividend for the First Quarter of 2023, Payable on March 20, 2023

Harley-Davidson, Inc. Launches H-D Collections, A Grouping of Lifestyle Apparel Lines

Insider recently sold US$112k worth of stock

Full year 2022 earnings released: EPS: US$5.01 (vs US$4.23 in FY 2021)

Harley-Davidson, Inc. Provides Earnings Guidance for the Full Year 2023

Investor sentiment improves as stock rises 17%

Now 20% undervalued

Harley-Davidson, Inc. to Report Q4, 2022 Results on Feb 02, 2023

Now 21% undervalued

Upcoming dividend of US$0.16 per share

Harley-Davidson, Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on December 23, 2022

Harley-Davidson, Inc. Re-Affirms Earnings Guidance for the Year 2022

Second quarter 2022 earnings released: EPS: US$1.47 (vs US$1.34 in 2Q 2021)

Investor sentiment improved over the past week

Harley-Davidson, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Now 21% undervalued

Chairman recently bought US$1.0m worth of stock

Harley-Davidson, Inc. Approves A Cash Dividend for the Third Quarter of 2022, Payable on September 22, 2022

Now 22% undervalued

Director recently bought US$50k worth of stock

Director recently bought US$50k worth of stock

Harley-Davidson, Inc. Appoints Rafeh Masood to Board of Directors

Second quarter 2022 earnings released: EPS: US$1.47 (vs US$1.34 in 2Q 2021)

Harley-Davidson, Inc. Announces Resignation of Bryan Niketh as Senior Vice President of Product and Operations